Petrol diesel price today: Crude oil prices continue to fall continuously. On Monday morning, prices fell down to $ 60 per barrel. After the price cut, it is expected that oil companies can now cut petrol and diesel prices. However, there was no decrease in the latest rates declared by oil companies this morning. But due to the steady fall in crude oil prices, it is expected that people can get relief from petrol and diesel prices in the coming times. Oil companies have not made any changes in prices for the last 3 years.
Why are crude oil prices falling?
If we look at the current figures, there was a decline in crude oil prices in May 2025. WTI crude fell to $ 56.32 per barrel and Brent crude fell to $ 59.38 per barrel. The price of Brent crude has already fallen by about 21 per cent by the beginning of 2025. This decline in prices is being seen due to reduction in global demand and economic slowdown in major consumer countries like the US and China. In addition, the decision of OPEC countries to increase production from June 2025 is also expected to increase supply. The effect of which is being seen at the cost of crude oil. Geophysical stresses are also causing value volatility.
Where are the rates of petrol and diesel?
There is a huge fluctuations in crude oil prices in the global market. But petrol and diesel prices are at the same level in the country. There was no change in the prices of petrol and diesel on Monday morning. Currently, the price of petrol in some cities is more than Rs 100 per liter. Diesel prices are revolving around Rs 90 per liter. Petrol in Delhi is priced at Rs 94.72 per liter and diesel is priced at Rs 87.62 per liter. Petrol in Mumbai is Rs 103.44 and diesel is Rs 89.97 per liter.
Petrol prices have long been stable.
Petrol in Kolkata is Rs 103.94 and diesel is Rs 90.76 per liter. Petrol in Chennai is Rs 100.85 and diesel is Rs 92.44 per liter. Petrol is being sold in Bengaluru Rs 102.86 and diesel Rs 89.02 per liter. Petrol and diesel prices have long been stable. It was recently said that petrol and diesel prices may increase due to increase in excise duty. But this did not happen.
The demand for petrol and diesel increases in summer.
As the heat increases, the demand for petrol and diesel in the country is increasing. Its demand increased by four percent in April. There was an increase in sales of diesel in April after sales declined for several months. According to the data, diesel sales increased to 8.23 million tonnes in April 2025. Which is about 4 percent more than this period last year. This is 5.3 percent compared to April 2023 and 10.45 percent compared to 2019. In April 2025, the demand for petrol increased by 4.6 percent to 3.435 million tonnes.
