Fuel prices remain a significant concern for Indian consumers, influencing household budgets and transportation costs. Here's a look at the latest petrol and diesel rates across major cities as of October 24, 2025.

Current Prices in Major Cities

While prices can fluctuate based on local taxes and levies, here’s a snapshot of petrol and diesel rates in some key metropolitan areas:

• Delhi: Petrol is priced at ₹96.72 per liter, while diesel stands at ₹87.67 per liter.
• Kolkata: Petrol costs ₹106.03 per liter, and diesel is at ₹92.02 per liter.
• Mumbai: Petrol is selling for ₹103.50 per liter, with diesel at ₹90.03 per liter.
• Chennai: Petrol is priced at ₹102.74 per liter, and diesel is at ₹92.39 per liter.
• Bangalore: Petrol prices are around ₹102.86 per liter, while diesel costs ₹88.94 per liter.
• Jaipur: Petrol rates are around ₹104.88 per liter. Diesel prices have decreased to ₹90.36 per liter.

It's worth noting that these prices reflect rates as of today, October 24, 2025, and consumers can expect minor variations depending on the specific petrol pump and location within the city. Prices are generally updated daily by oil marketing companies at 6 am, aligning with international crude oil prices and exchange rates.

Factors Influencing Fuel Prices

Several factors contribute to the retail selling price of petrol and diesel in India:

• Crude Oil Prices: The cost of crude oil in the international market is a primary driver. India imports a significant portion of its crude oil, making it vulnerable to global price fluctuations.
• Refining Costs: The expenses involved in refining crude oil into usable petrol and diesel add to the final cost.
• Taxes and Duties: Both the central and state governments levy taxes on fuel, including excise duty and Value Added Tax (VAT). These taxes constitute a substantial portion of the retail price. VAT rates differ between states, leading to price variations across the country.
• Transportation Costs: The cost of transporting fuel from refineries to petrol pumps also impacts the final price.
• Rupee-Dollar Exchange Rate: Since crude oil is traded in US dollars, fluctuations in the exchange rate affect the cost of imports.

Recent Trends and Analysis

In a welcome turn for consumers, petrol and diesel prices recently dropped by ₹7, providing some relief from rising fuel costs. This reduction is attributed to a combination of factors, including a slight softening of global crude oil prices and potential government intervention through adjustments to excise duties and taxes. The stability in prices for the last 10 months has also provided a steady economic environment for consumers.

Impact on Consumers

Fuel prices have a cascading effect on the economy. Lower prices benefit daily commuters, transport businesses, and industries. Any reduction in fuel costs can lead to savings for individuals and businesses alike, impacting everything from daily commutes to the cost of goods and services.

Looking Ahead

While the recent price drop offers temporary relief, the global nature of the oil market means that prices can be volatile. Geopolitical events, supply and demand dynamics, and currency fluctuations can all influence fuel costs in India. Monitoring these factors and adapting to potential price changes remains crucial for both consumers and policymakers.