As global crude oil prices continue to fluctuate in the international market, Indian consumers have been anticipating a drop in petrol and diesel prices. However, despite ongoing expectations, fuel prices across the country have remained steady for an extended period. As of Monday morning, May 26, 2025, there is no change in petrol and diesel rates in major Indian cities.
Fuel consumers who were hoping for a price cut will need to wait longer as oil marketing companies (OMCs) have kept the rates stable. In several metro cities, petrol still costs over ₹100 per litre, while diesel prices remain above ₹90 in many areas. If you’re planning to refuel your vehicle today, here’s a detailed look at the latest fuel prices in key cities across India.
Current Petrol and Diesel Prices in Metro CitiesFuel prices vary slightly from state to state due to differences in local taxes like VAT and state-specific levies. Here's a look at the latest prices as of Monday morning:
Delhi:
Petrol – ₹94.72/litre
Diesel – ₹87.62/litre
Mumbai:
Petrol – ₹103.44/litre
Diesel – ₹89.97/litre
Chennai:
Petrol – ₹100.76/litre
Diesel – ₹92.35/litre
Kolkata:
Petrol – ₹104.95/litre
Diesel – ₹91.76/litre
Apart from the metros, here are the petrol and diesel prices in some other major regions:
Noida (Gautam Buddha Nagar, Uttar Pradesh):
Petrol – ₹95.05/litre
Diesel – ₹88.19/litre
Ghaziabad (Uttar Pradesh):
Petrol – ₹94.44/litre
Diesel – ₹87.51/litre
Patna (Bihar):
Petrol – ₹105.47/litre
Diesel – ₹91.71/litre
These rates are especially important for daily commuters and logistics operators, who need to monitor fuel costs closely.
How Are Petrol and Diesel Prices Determined in India?Fuel prices in India are revised daily based on the global market trend. The pricing is influenced by multiple factors, including:
Crude oil prices in the international market
Currency exchange rates
Excise duties levied by the central government
VAT imposed by state governments
Dealer commissions
Prices are updated every day at 6:00 AM, a routine followed by oil marketing companies like IOCL, BPCL, and HPCL. After adjusting for taxes and other levies, the final retail price at the pump is almost double the base cost of the fuel.
Why Are Petrol and Diesel Prices So High?Despite a drop in crude oil prices at times, the retail rates of petrol and diesel in India often remain high due to heavy taxation. The central and state governments collect significant revenue through fuel taxes. Additionally, dealer commissions and transportation costs contribute to the overall retail price.
ConclusionAs of Monday, May 26, there is no relief for Indian consumers on the petrol and diesel front. Prices remain unchanged, and any significant reduction seems unlikely in the immediate future unless there’s a sharp dip in global crude rates or policy-level tax revision. For now, motorists and logistics operators must continue to plan their budgets with the current fuel prices in mind.
Stay tuned for daily updates to keep track of fuel price changes across the country.