As of March 23, 2025, petrol and diesel prices in India remain stable, reflecting the country’s dynamic fuel pricing mechanism that aligns with global crude oil fluctuations and currency exchange rates. These rates are subject to daily revisions by oil marketing companies to ensure alignment with international market conditions.
City-wise Fuel Prices:
| City | Petrol (₹/L) | Diesel (₹/L) |
|---|---|---|
| New Delhi | 94.77 | 87.67 |
| Mumbai | 103.50 | 90.03 |
| Kolkata | 105.01 | 91.82 |
| Chennai | 101.03 | 92.61 |
| Bengaluru | 102.92 | 88.99 |
| Hyderabad | 107.46 | 95.70 |
| Bhubaneswar | 101.11 | 92.69 |
| Cuttack | 101.63 | 93.18 |
| Noida | 94.80 | 87.93 |
| Lucknow | 94.65 | 87.76 |
Note: Prices are subject to change and may vary slightly between fuel stations due to local taxes and transportation costs.
Factors Influencing Fuel Prices:
Several elements contribute to the variation in fuel prices across different cities:
State Taxes (VAT): Each state imposes its own Value Added Tax on fuel, leading to price differences.
Transportation Costs: The distance from refineries and logistical expenses affect the final pricing at fuel stations.
Central Excise Duty: A uniform tax levied by the central government impacts the base price of fuel nationwide.
Global Crude Oil Impact:
International crude oil prices play a pivotal role in determining domestic fuel rates. Recent trends indicate fluctuations due to geopolitical developments and changes in global demand and supply dynamics. For instance, as of October 2023, Brent crude settled at $86.74 per barrel, influenced by U.S. interest rate decisions and inventory levels.
Staying Informed:
Consumers are advised to regularly check the latest fuel prices, as they are updated daily at 6 a.m. For precise rates in your locality, you can send an SMS with the format “RSP <Dealer Code>” to 92249 92249. Dealer codes are typically displayed at fuel stations or can be found on the official Indian Oil Corporation website.
