Petrol, Diesel Prices Today: Check Latest Rates in Your City
Global and domestic factors continue to influence fuel prices, leading to fluctuations that impact consumers worldwide. Here's a look at the latest developments in petrol and diesel prices as of November 7, 2025.
International Market Overview
Crude oil prices are currently navigating a complex landscape, balancing concerns about oversupply with signals of strong demand. Recent data indicates that gasoline stocks in the US have shrunk more than anticipated, marking the fifth consecutive week of decline. This tightening supply, coupled with steady motor fuel demand, is offsetting some of the downward pressure from lower crude input costs.
OPEC+ has agreed to a modest increase of 137,000 barrels per day for December, mirroring the output adjustments made in October and November. However, further increases are expected to be paused from January to March due to typical seasonal demand decreases. This decision reflects the group's attempt to manage supply and stabilize prices amid concerns of a potential glut.
Geopolitical tensions, particularly Ukraine's drone attacks on Russia's Black Sea Port, a major export hub, also contribute to price volatility. Sanctions and other geopolitical factors can disrupt supply chains and influence market sentiment, leading to price fluctuations.
United States
As of November 7, 2025, gasoline prices in the U.S. experienced a slight decrease, falling to $1.96 per gallon, a 0.02% dip from the previous day. Despite this marginal daily decrease, gasoline prices have risen by 3.18% over the past month. However, they remain 2.57% lower than a year ago.
The national average gas price is $3.084. Diesel prices are also on the rise, with the average retail diesel price in the U.S. currently at $3.753, up from $3.718 last week and $3.573 one year ago. This represents a 0.94% increase from the previous week and a 5.04% increase compared to the previous year.
Regional Price Variations
It's important to note that fuel prices can vary significantly from state to state due to factors such as state taxes, local market conditions, and transportation costs. For example, on November 7, 2025, New Jersey recorded an average gas price of $2.974, while Maryland saw an average of $2.938.
Factors Influencing Local Prices
Several elements can affect the retail price of petrol and diesel at the pump:
- Crude Oil Prices: The cost of crude oil is the primary driver of fuel prices, with fluctuations in the global oil market directly impacting what consumers pay.
- Refining Costs: The cost of refining crude oil into gasoline and diesel also contributes to the final price.
- Distribution and Marketing: Costs associated with transporting fuel to retail stations and marketing expenses are factored into the price.
- Taxes: Federal, state, and local taxes can significantly impact fuel prices, varying widely depending on the region.
- Geopolitical Events: Global events, such as political instability or conflicts, can disrupt the supply of crude oil and lead to price spikes.
- OPEC+ Decisions: Production decisions by OPEC+ can influence the global supply of oil and, consequently, fuel prices.
Other Regions
In the Philippines, the Department of Energy (DOE) has indicated that diesel and kerosene prices may increase in the second week of November, while gasoline prices may remain unchanged. In Pakistan, the price of Super petrol is Rs. 265.45/Litre and Diesel is Rs. 278.44/Litre.
Staying Informed
Given the dynamic nature of fuel prices, it is advisable for consumers to stay informed about market trends and local pricing. Online resources, news outlets, and mobile apps can provide up-to-date information on petrol and diesel prices in your city.
