Motorists across various cities are waking up to revised petrol and diesel prices today, October 28, 2025, following recent adjustments influenced by a combination of international factors and domestic policies. These changes reflect the dynamic nature of the global oil market and the efforts to balance affordability with economic realities.
Global Market Influences
Several factors have contributed to the fluctuating fuel prices. Fresh sanctions imposed by the United States on major Russian oil firms, in response to the ongoing war in Ukraine, have significantly impacted the global supply chain. These sanctions, intended to pressure Moscow towards a peaceful resolution, have inadvertently tightened the availability of Russian oil, a crucial source for the global market.
Adding to the market's uncertainty, tensions in the Middle East continue to play a role. The fragile ceasefire between Israel and Hamas, showing signs of strain with ongoing exchanges, further unsettles the market and contributes to price volatility.
Price Adjustments in Key Cities
In Delhi, the price of petrol is now Rs. 98.50 per liter, while diesel has decreased to Rs. 89.60 per liter. Similarly, in Gwalior, petrol prices have decreased to Rs. 95.50 per liter. Meanwhile, in Shillong, the petrol price stands at ₹95.00. These revisions reflect a broader trend of price adjustments across different states and union territories, with the exact figures varying based on local taxes and transportation costs. For example, on October 28, 2025, diesel in Andhra Pradesh costs INR 97.25 per liter.
Impact on Consumers and Economy
The recent reduction in fuel and LPG prices is expected to have a ripple effect on the economy. Lower fuel costs typically reduce transportation expenses, potentially leading to lower prices for goods and services. Households may also experience a decrease in daily expenses related to cooking gas, providing some relief during economically challenging times.
However, in some regions, prices have actually increased. For example, oil firms are set to raise gasoline prices by P1.20 per liter and diesel by P2 per liter. These increases have been attributed to growing global demand and renewed geopolitical tensions.
Expert Opinions and Analysis
Industry analysts suggest that the US sanctions on Russian oil companies could significantly impact the global oil market. According to the Department of Energy’s Oil Industry Management Bureau, these sanctions have tightened the supply of Russian oil, driving up prices despite projections of higher production from OPEC. Jetti president Leo Bellas noted that the new measures would have “significant implications” on the Asian market, as Chinese state oil majors are expected to suspend Russian oil purchases, and refiners in India are preparing to sharply cut Russian crude imports.
Tracking Fuel Prices
To stay informed about the latest fuel prices in your city, it is advisable to check with local fuel stations or government websites for real-time updates. Prices may vary slightly based on regional factors such as state taxes and distribution logistics. For instance, petrol prices in Mumbai might be slightly higher than in Delhi due to transportation costs.
Global Context
In the United States, the retail diesel price is currently at $3.62 per gallon, a decrease from $3.665 last week and $3.631 one year ago. Gasoline rose to $1.92 USD/Gal on October 28, 2025, up 0.03% from the previous day. These figures reflect the broader trends in energy markets, influenced by factors such as crude oil prices, supply and demand dynamics, and geopolitical events.
