As of June 17, 2025, there has been no change in petrol and diesel prices. India's major oil companies (IOC, BPCL, HPCL, etc.) maintained stable rates even after their morning review.
New Delhi: While escalating geopolitical tensions, particularly between Iran and Israel, have sent shockwaves through the global economy, petrol and diesel prices in India remained unchanged on June 17, 2025. Despite fluctuating crude oil prices in the international market, the country's oil marketing companies have kept retail fuel prices constant.
This stability comes at a time when Brent crude prices are experiencing significant volatility internationally. Energy experts suggest that companies are currently pursuing a policy of price stability to avoid directly burdening consumers.
Why No Price Change?
Experts believe that oil companies currently have sufficient reserves and are absorbing the impact of minor fluctuations in international prices. Furthermore, the government is considering flexibility in the tax structure to maintain price stability and provide relief to the general public.
However, the sustainability of this stability will depend on the evolving Iran-Israel crisis and the global energy supply situation in the coming days.
Petrol Prices in Major Indian Cities
- New Delhi: Petrol price in the capital is ₹94.77 per litre, remaining stable for several days.
- Mumbai: Petrol is priced at ₹103.44 per litre in the financial capital.
- Kolkata: Petrol costs ₹103.94 per litre, slightly higher than other major cities.
- Chennai: Petrol is available at ₹100.85 per litre in this major South Indian city.
Latest Diesel Prices
- New Delhi: Diesel is priced at ₹87.67 per litre.
- Mumbai: Diesel costs ₹89.97 per litre.
- Kolkata: Diesel is selling at ₹90.76 per litre.
- Chennai: Diesel is priced at ₹92.44 per litre.
Reasons for Price Differences?
The difference in petrol and diesel prices across India is primarily due to state-imposed VAT and local taxes. In addition to the central government's excise duty, state governments levy VAT at varying rates. This results in price discrepancies across the country on any given day.
Furthermore, storage, transportation, and local levies also influence petrol and diesel prices.
Check Your City's Fuel Rates via SMS
To easily check daily fluctuating petrol and diesel prices in your city, Indian Oil (IOCL) offers an SMS service.
Send an SMS with RSP
Example: If you are from Delhi and your nearest dealer's code is 102072, send the SMS: RSP 102072
Global Crisis and Impact on India
The ongoing tension between Iran and Israel has increased volatility in the global market. The situation in the Middle East plays a crucial role in the global supply of crude oil. Further escalation of this conflict would directly impact import-dependent countries like India, which imports a significant portion of its oil needs.
Companies are currently monitoring the situation, and it is expected that if international prices remain stable, there will be minimal fluctuation in petrol and diesel prices within the country.
