News India Live, Digital Desk: Crude oil prices continue to fall in the international market. The price of crude fell down to $ 60 per barrel on Monday morning. Due to this decline, it is estimated that the prices of petrol and diesel may also be cut soon. However, oil companies have not made any changes in the rate on Monday morning, but it is expected that people will get relief in the coming days.
Why are crude oil prices falling?
According to recent data, in May 2025, the price of WTI crude fell to $ 56.32 per barrel and Brent crude to $ 59.38 per barrel. Since the beginning of 2025, the price of Brent crude has been reduced by about 21%. The main reason for this is the decrease in global demand, lethargy in the economy of the US and China, and the decision of OPEC countries to increase production from June 2025. Apart from this, geopolitical stress is also destabilizing prices.
Current price of petrol and diesel in India
Although crude prices are fluctuating in the international market, petrol and diesel prices in India have been stable for the last several months. Petrol is being sold in Delhi at Rs 94.72 and diesel at Rs 87.62 per liter. Petrol in Mumbai is Rs 103.44 and diesel is Rs 89.97 per liter.
Petrol is being sold in Kolkata Rs 103.94 and diesel Rs 90.76 per liter. Petrol in Chennai is Rs 100.85 and diesel is Rs 92.44 per liter. At the same time, petrol in Bengaluru is Rs 102.86 and diesel at Rs 89.02 per liter.
Demand for petrol and diesel increased in summer
As the heat increases, the demand for petrol and diesel in the country is also increasing rapidly. Diesel consumption increased to 82.3 lakh tonnes in April 2025, which is about 4% higher than last year. At the same time, petrol consumption increased by 4.6% to 34.35 lakh tonnes in April.
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