Petrol and Diesel Prices Slip Amid Crude Oil Price Decline Below $100

Fuel Price Report (March 25, 2026)

Global Crude Oil Prices: International benchmark Brent crude declined by approximately 6% to around $98 per barrel, breaking below the $100 per barrel mark due to ongoing geopolitical tensions in West Asia.

Domestic Fuel Prices: Despite the decline in global crude oil prices, petrol and diesel prices across major Indian cities remained largely unchanged on March 25, 2026. The three major oil marketing companies (OMCs) in India, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL), revise fuel prices daily to align with global crude oil movements and currency exchange rate fluctuations.

City-wise Fuel Prices:

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• Delhi: Petrol at Rs 94.77 per litre, Diesel at Rs 87.67 per litre
• Mumbai: Petrol at Rs 103.49 per litre, Diesel at Rs 90.03 per litre

Factors Affecting Petrol and Diesel Prices: Retail fuel prices in India are influenced by:

• Crude Oil Price: The primary raw material used to produce petrol and diesel
• Rupee-Dollar Exchange Rate: A weaker rupee can increase the cost of imported crude, potentially pushing up fuel prices
• Taxes: Imposed by the central and state governments, forming a major component of petrol and diesel prices
• Transportation Costs and Demand-Supply Dynamics: Influencing the final retail price paid by consumers.