As of June 8, 2025, petrol and diesel prices across Indian cities continue to reflect the dynamic interplay of global crude oil prices, currency exchange rates, and local taxation policies. Daily revisions, typically implemented at 6 AM by oil marketing companies (OMCs), ensure that consumers experience the immediate impact of these fluctuating factors.
In Delhi, petrol is priced at Rs. 94.81 per liter, while diesel is available at Rs. 87.71 per liter. Chennai sees petrol costing Rs. 100.79 per liter and diesel at Rs. 92.38 per liter. In Kolkata, petrol is priced at Rs. 104.99 per liter, with diesel at Rs. 91.81 per liter. Mumbai residents pay Rs. 103.49 for petrol and Rs. 90.01 for diesel. Punjab sees a petrol price of ₹96.54.
These prices are influenced by several key factors. Global crude oil prices are the primary determinant, with fluctuations in international rates directly impacting retail costs. The INR-USD exchange rate also plays a crucial role, as a weaker rupee increases the cost of crude oil imports. Government taxes, including excise duties and VAT, contribute significantly to the final price, varying from state to state. Refining and distribution costs, along with demand and supply dynamics, further influence these prices.
Consumers can stay updated on fuel prices through various methods. OMCs such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum offer SMS services and mobile apps for real-time updates. This transparency, facilitated by the dynamic fuel pricing system introduced in June 2017, aims to limit speculative practices and ensure fair pricing.
The historical trend of petrol prices in India reveals a steady increase since independence, driven by global factors, exchange rate volatility, and government policies. While prices were strictly regulated before the 1991 economic liberalization, global crude prices have since played a more significant role. For instance, in 1947, petrol was priced at approximately Rs. 0.25 per liter, a stark contrast to today's rates.
Differences in fuel prices across states can be attributed to varying tax regulations, transportation costs, and political factors. States with lower tax rates generally offer lower prices for petrol and diesel. Transportation costs, influenced by the distance from refineries to dealers, also impact prices.
In Kerala, petrol is being traded at an average price of Rs 106.50. There has been no change in the price in Kerala since yesterday, June 7th 2025.
Consumers are advised to regularly check fuel prices to plan their travel and budgets effectively, taking advantage of the available resources to stay informed about these dynamic rates.
