Fuel prices across India saw their daily update on July 11, 2025, with revisions taking effect at 6:00 AM to reflect changes in global oil prices and currency values. These daily adjustments are part of a dynamic fuel pricing system implemented in June 2017 to enhance transparency and limit speculation. However, fuel prices remained steady across most metros.
Current Prices in Major Cities
As of July 11, 2025, petrol prices in major Indian cities are as follows:
Diesel prices in these cities are:
It's worth noting that prices can vary due to local taxes, with Hyderabad having the highest petrol price and Chandigarh offering the cheapest diesel. In Haryana, petrol is priced at ₹95.33 per liter. Odisha sees petrol at ₹102.53 per liter and diesel at ₹94.05 per liter. Vishakhapatnam has petrol rates of ₹108.29 per liter.
Factors Influencing Fuel Prices
Several factors influence the price of petrol and diesel in India:
Dynamic Fuel Pricing
The dynamic fuel pricing mechanism, in effect since June 2017, ensures that fuel prices are revised daily at 6:00 AM. This system allows OMCs to adjust prices in response to changes in global crude oil costs and currency exchange rates. This approach aims to make pricing more transparent and reduce speculative practices.
Global Oil Market
Global oil prices have seen some volatility. Recently, Brent crude experienced a surge before slightly declining to $68.82 a barrel, a decrease of 0.26%. West Texas Intermediate crude for August traded near $66.63, reflecting a 0.39% loss.
Regional Price Updates
In Nova Scotia, Canada, gas prices are set to increase by 3.5 cents per liter, bringing the price back to around $1.436 per liter. Diesel prices in Nova Scotia will also rise by 4.7 cents, averaging around $1.581 per liter.
