Fuel prices are updated daily at 6 a.m. in India, and these revisions are influenced by international crude oil prices and the dollar-rupee exchange rate. Several factors impact domestic fuel prices, including central excise duty, state-level Value Added Tax (VAT), refining and distribution costs, and dealer commissions.

Here’s a look at petrol and diesel prices in some major cities as of today, October 29, 2025:

• Delhi: Petrol is retailing at ₹94.72 per liter, while diesel is at ₹87.62 per liter.
• Mumbai: Petrol costs ₹104.21 per liter, and diesel is priced at ₹92.15 per liter.
• Chennai: Petrol is selling at ₹100.85 per liter, with diesel at ₹92.43 per liter.
• Kolkata: Petrol is available at ₹103.94 per liter, and diesel at ₹90.76 per liter.
• Chandigarh: Petrol is retailing at Rs 94.30 per litre.
• Haryana: Petrol is retailing at Rs 95.33 per litre.
• Andhra Pradesh: Petrol is retailing at Rs 109.43 per litre.

It's important to note that fuel prices vary across cities due to factors like local taxes and transportation costs. For instance, Mumbai generally has higher petrol prices compared to Delhi due to transportation costs and other regional factors. These local factors, such as VAT, can cause price differences between states.

The dynamic fuel pricing system, which allows for daily price revisions, is practiced across 58,000 petrol bunks in India. This system aims to ensure that consumers pay market-determined prices, reflecting the impact of global crude oil trends.

Fluctuations in global crude oil prices, geopolitical events, and government policies significantly influence petrol prices in India. India imports about 80% of its oil needs, making domestic pump rates sensitive to international prices. The value of the rupee also plays a role, as a weaker rupee increases the cost of crude oil imports.

Besides the international market, domestic taxes also play a vital role in determining the end prices. The central excise duty remains consistent across the country, but the VAT differs from state to state.

Fuel prices have a cascading effect on the economy. Diesel, being a primary source of energy for goods transportation, can directly impact inflation with any price change. Stability in petrol rates plays a key role for the central bank in maintaining a tight grip on inflation.

Consumers can stay updated on fuel prices through various mobile applications offered by Indian Oil, Bharat Petroleum, and Hindustan Petroleum. These apps provide real-time updates, aiding in better fuel management and budgeting.