Oil marketing companies have not changed prices, balancing costs and profits. Experts believe the government and companies are maintaining price stability to avoid burdening the public.
Petrol-Diesel Price: In India, the public keenly watches oil company websites every morning for petrol and diesel prices. Fluctuations in global crude oil prices raise expectations of domestic price changes. However, on June 10, 2025, Oil Marketing Companies (OMCs) did not revise petrol and diesel prices.
Major oil companies updated their portals after 6 AM. Data shows petrol and diesel prices remain stable, similar to the past few weeks.
Latest Petrol and Diesel Rates in Metropolitan Cities (June 10, 2025)
City Petrol (₹/liter) Diesel (₹/liter)
Delhi ₹94.72 ₹87.62
Mumbai ₹103.44 ₹89.97
Kolkata ₹103.94 ₹90.76
Chennai ₹100.85 ₹92.44
Bengaluru ₹102.86 ₹89.02
Lucknow ₹94.65 ₹87.76
Noida ₹94.87 ₹88.01
Gurugram ₹95.19 ₹88.05
Chandigarh ₹94.24 ₹82.40
Patna ₹105.18 ₹92.04
These figures highlight price variations across India due to state-level VAT, transportation costs, and local levies.
When were prices last reduced?
The Indian government last revised petrol and diesel prices on March 15, 2024, reducing them by ₹2 per liter. This pre-general election decision was seen as a relief measure for the public, aimed at easing inflationary pressures and considered politically significant due to the sensitivity of fuel prices during elections.
Since then, prices have remained largely unchanged, suggesting a balance between political and global considerations in setting petrol and diesel rates in India.
Why no daily price changes?
India implemented a daily price revision (Dynamic Fuel Pricing System) in June 2017, updating petrol and diesel prices at 6 AM daily. However, OMCs have recently shifted to less frequent adjustments, possibly due to the central government and companies aiming for price stability to control inflation.
Who sets oil prices?
Major oil marketing companies determine petrol and diesel prices in India, including:
- Indian Oil Corporation (IOC)
- Bharat Petroleum Corporation Limited (BPCL)
- Hindustan Petroleum Corporation Limited (HPCL)
These companies base prices on international crude oil prices, the dollar-rupee exchange rate, refining costs, dealer margins, and taxes.
Key Factors Affecting Prices
- International crude oil prices
- Rupee-dollar exchange rate
- Refining and transportation costs
- Government taxes (excise duty, VAT)
- Dealer commission
Check your city's rates from home
To check your city's petrol and diesel prices, oil companies offer information via SMS and websites:
- Indian Oil customers: Text RSP, space, city code to 9224992249.
- BPCL customers: Text RSP to 9223112222.
- Check IOC, BPCL, and HPCL websites for updated prices.
When will petrol and diesel be under GST?
Debate continues on bringing petrol and diesel under the Goods and Services Tax (GST). This could standardize prices nationwide and potentially reduce consumer tax burdens. However, no decisive action has been taken due to state government concerns about revenue losses from VAT on petroleum products.
State governments believe that VAT on petroleum products provides substantial revenue, and bringing them under GST could significantly reduce their income.
