Fuel prices are experiencing fluctuations across different regions as of November 4, 2025. Several factors, including international crude oil prices, geopolitical tensions, and currency exchange rates, are contributing to these changes. Here's a breakdown of the latest updates:

Global Market Overview

The global oil market remains volatile, influenced by geopolitical tensions such as sanctions on Russian oil firms by the United States and the United Kingdom. These sanctions, along with ongoing unrest in the Middle East, are contributing to supply concerns. Despite expectations of increased oil production through the end of 2025 and into 2026, prices are not showing signs of decline.

Regional Price Adjustments

• Philippines: Motorists in the Philippines are facing another significant hike in fuel prices. Gasoline prices are set to increase by P1.70 per liter, while diesel will jump by P2.70 per liter, and kerosene by P2.10 per liter. These adjustments mark the fifth consecutive week of increases for gasoline and the second for diesel and kerosene. These price hikes are attributed to higher demand amid easing US-China tensions, and the UK, US, and EU sanctions on Russia. Year-to-date adjustments are expected to breach P20 per liter for the first time.
• South Africa: In contrast to the rising prices in some regions, South African motorists are seeing a decrease in fuel costs. Petrol prices will decrease by 51 cents per liter, while diesel will see a reduction of between 19 and 21 cents per liter, effective November 4. This positive change is due to lower global oil prices and a stronger rand. The rand averaged around R17.30 to the US dollar during October, contributing to the over-recovery in fuel prices.
• United States: The average retail diesel price in the U.S. is $3.718 per gallon, an increase from $3.62 the previous week and $3.553 a year ago. This represents a 2.71% change from last week and a 4.64% increase from the previous year. Diesel prices in the U.S. are closely linked to oil prices, with high consumption in the trucking, freight, and construction industries influencing the market.

City-Specific Prices in India

In India, petrol and diesel prices fluctuate based on international crude oil prices and the dollar-rupee exchange rate. Here are the latest prices in some major cities:

• New Delhi: Petrol price is ₹94.77 per liter.
• Kolkata: Petrol price is ₹105.41 per liter.
• Mumbai: Petrol price is ₹103.50 per liter.
• Chennai: Petrol price is ₹101.03 per liter, showing an increase of ₹0.13.
• Gurgaon: Petrol price is ₹95.12 per liter, reflecting a decrease of ₹0.72.
• Noida: Petrol price is ₹94.71 per liter, with a decrease of ₹0.34.
• Thiruvananthapuram: Has the highest petrol price at Rs 107.48 per liter.
• Chandigarh: Has the lowest petrol price at Rs 94.30 per liter.

Factors Influencing Price Changes

Several factors are driving these price fluctuations:

• Geopolitical Tensions: Sanctions and conflicts impact the global supply of oil, leading to price volatility.
• Currency Exchange Rates: The strength of local currencies against the US dollar affects the cost of importing crude oil.
• Crude Oil Prices: The price of crude oil in the international market is a primary driver of petrol and diesel prices.
• US-China Trade Tensions: According to the Department of Energy-Oil Industry Management Bureau (DOE-OIMB), tensions between the US and China are contributing to price increases.

Motorists are advised to stay informed about these price changes and plan their fuel purchases accordingly.