As of June 4, 2025, petrol and diesel prices across major Indian cities remain relatively stable, with minor fluctuations reflecting the dynamic pricing model in place. This system, implemented in June 2017, ensures that fuel prices are revised daily at 6 AM, promoting transparency and reducing speculative practices. These revisions reflect a multitude of factors, including international crude oil prices, the rupee-dollar exchange rate, geopolitical risks, and domestic tax adjustments.
In New Delhi, the petrol price stands at ₹94.72 per liter, unchanged from the previous day and the preceding month. Similarly, diesel prices in Delhi are stable at ₹87.62 per liter. Mumbai sees petrol retailing at ₹103.4 per liter and diesel at ₹92.15 per liter. Kolkata's petrol price is ₹104.95 per liter, while diesel is priced at ₹92.02 per liter. In Chennai, petrol costs ₹100.8 per liter, and diesel is ₹92.39 per liter. These figures highlight the variations across different cities, primarily due to factors like state taxes, transportation costs, and local demand-supply dynamics.
Analyzing recent trends, petrol prices in New Delhi have hovered around ₹94.72 during June 2025, with minor fluctuations between ₹94.72 and ₹94.77 in the last 10 days. In May 2025, petrol prices in Delhi averaged ₹94.76, showcasing relative stability. Diesel prices in Delhi have also remained consistent.
Several factors influence these prices. Global crude oil prices are paramount; Brent crude oil, a key benchmark, is currently trading around $66.34 per barrel, showing signs of correction within a "Triangle" pattern. Fluctuations in Brent crude directly impact domestic petrol prices. The rupee-dollar exchange rate also plays a crucial role, with a weaker rupee increasing the cost of crude oil imports.
Domestic factors, including excise duties and Value Added Tax (VAT), significantly affect retail prices. Refining and distribution costs, along with geopolitical events and supply chain disruptions, further contribute to price volatility. For instance, tensions in the Gulf countries can exert upward pressure on crude oil demand and, consequently, fuel prices in India.
Consumers can stay informed about daily price changes through various channels. Oil marketing companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum update prices daily, and smartphone users can track these changes via mobile apps like Fuel@IOC, Smart Drive (BPCL), and My HPCL. Additionally, sending an SMS to 92249 92249 with the dealer code of the petrol pump provides the latest pricing information.
While petrol and diesel prices have remained largely stable in recent months, historical data reveals a long-term upward trend. Since the early 2000s, petrol prices have steadily risen due to global crude oil rates, government policies, and geopolitical developments. Renewable energy adoption and evolving consumer demand patterns are also expected to influence future pricing trajectories.
