Petrol Price in India

Today petrol price in India (Mumbai) stands at  103.50 per liter. This change in petrol price compared to yesterday. 

                                  103.50 / Liter (September 2025)

India’s petrol prices are influenced by a combination of international crude oil prices, domestic tax structures, and currency exchange rates. According to the latest data, the price of petrol in India is significantly higher than in some of its neighboring countries. The discrepancy can be attributed primarily to the higher taxes imposed on petrol in India.                       

भारत में आज पेट्रोल की कीमत

आज भारत (मुंबई) में पेट्रोल की कीमत .प्रति लीटर है। कल की तुलना में पेट्रोल बदलाव नहीं हुआ हैई हीई हदलभव नहीं हुआ है। पिछले 7 महीनों से भारत में पेट्रोल की कीमत में कोई बदलाव नहीं हुआ है। तब से यह स्थिर है।
103.49/लीटर (2025)भारत में पेट्रोल की कीमतें अंतरराष्ट्रीय कच्चे तेल की कीमतों, घरेलू कर ढांचे और मुद्रा विनिमय दरों के संयोजन से प्रभावित होती हैं। नवीनतम आंकड़ों के अनुसार, भारत में पेट्रोल की कीमत अपने कुछ पड़ोसी देशों की तुलना में काफी अधिक है। इस अंतर का मुख्य कारण भारत में पेट्रोल पर लगाए जाने वाले उच्च कर हैं.

Petrol price in India metro cities 

Read More : International Fuel prices

Factors impacting petrol price in India 

The critical nature of petrol for a developing economy like India holds on to have an upward trend for consumption as well as imports. If the imports for crude oil increase, so would the end-user petrol rate in India. However, major investments are made for refining sectors and exploration, which would stabilize the internal supply. The following global factors generally impact the petrol price in India.

Domestic usage of petrol

•  The petrol consumption for petrol increases every year with increasing vehicle sales. As a basic economic indication, the higher the demand, the cost would also increase.
• The scarcity and controlled availability for petrol p[pumps would increase the cost, fueled by inflation and other aspects. If there is a disruption in supply, petrol prices are impacted adversely, while on the other hand, if supply increases due to internal production, prices would be stable.

Revenue collection for the Government 

 The tax collected through numerous levies and charges imposed on both businesses and consumers in the fuel sector is the largest source of income for the Indian government treasury. When the central ministry decides to increase the revenue generation from the prices in India, the domestic rates within the country would also be as per those decisions.

Government regulations

In India, governments have been strongly intervening in the fuel prices of essential products, and their significant variations are used in countless sectors. Moreover, if the ruling government decides to meet the expectations of higher votes in the coming elections, petrol prices in India would be pulled down in favor of the consumers. In contrast, the central government decides to get more revenue for the treasury earnings, and a slight hike in petrol rates in India is expected.

Global aspects of petrol prices

Petrol prices fluctuate worldwide due to the complex mix of global factors. These factors are deeply interconnected and influenced by geopolitical, economic and environmental dynamics . Petrol prices in India are not only influenced by global factors (like crude prices and forex ) but also by domestic taxes, policies and logistics. Central and state governments play a major role through taxation and policy decisions. i Internationally, petroleum holds significance for many developed and developing economies, which also fluctuates strongly as per the geopolitical relations between the importing and exporting countries.

Crude oil prices 

• Core ingredient: petrol is refined from crude oil. Hence, the global crude oil price directly affects petrol prices 

Major influencers 

• Global demand: economic booms or slowdowns in major economies like the USA, China and India increase and decrease demand for petrol prices. 

Fluctuations 

• Stable international benchmarks: Throughout  global crude oil prices remained relatively flat, with no sharp swings to drive domestic adjustments
• Steady rates: the rupee’s value against the dollar remained stable, preventing exchange rate-driven cost shifts.
• Unchanged tax regime: central excise and state VAT remained constant, so no domestic tax changes were impacting prices.
• Dynamic prices in action: India’s fuel retail pricing mechanism revises rates daily. There was no impetus for change given the stable backdrop.

Today  petrol prices in India remained completely unchanged across all major cities and states, continuing a trend of prolonged stability. Delhi remained at 94.81 per litre, while Hyderabad and Mumbai held steady at 107.41 and 103.49, respectively. According to industry reports, this flat pricing reflects continued calm in global crude oil rates, stable currency markets, and no tax alteration, the factors that typically drive domestic fuel price movements.

Price Formation Mechanism

In India, price formation mechanisms vary across sectors but generally rely on the interplay of supply, demand, and government intervention. The piece mechanism, often referred to as the invisible hand, is a core concept, with prices determined by the forces of supply and demand in a free market. However, government policies, regulations, and market structures also play a significant role in shaping prices, particularly for essential commodities and in specific industries. 

Key insights and trends

Today  petrol prices in India change in major cities like Delhi, Mumbai, Kolkata and Hyderabad. 

• Indian petrol prices have tripled since 2004, driven by international crude trends, rupee volatility, and high excise / VAT taxation. 
• While crude rates currently appear stable, only modest retail price relief may emerge unless sustained affordability continues.
•  The growing presence of private refineries offering discounts and government efforts to diversify crude supplies, and new elements to this landscape.

Conclusion 

Today petrol prices are 94.77 liter in  Delhi and 94 to 109 liter in major metros. In the absence of international crude volatility and stable currency conditions, no immediate reductions or hikes are likely unless external factors shift such as geopolitical disruption, sudden crude prices movement, or change in taxation policy . Consumers and transport-dependent businesses benefit from this stability, enabling budget planning without surprises. Fuel prices across most metro areas remain unchanged due to stable global crude oil rates and a steady INR-USD exchange rate.

FAQ’s 

What is the current petrol price in Mumbai, India Mumbai ? 

Today, the petrol price in Mumbai, India, is 103.50 per litre

Which state in India has the lowest petrol prices?

As of now, Andaman Nicobar (South Andaman) has the lowest petrol price in India at 82.46 per litre.

Which state in India has the highest petrol prices?

Today, Andhra Pradesh (Nellore) has the highest petrol prices in India at 110.05 per litre.

How much does 1 litre of petrol cost in India on 28 July 2025

On July 28, 2025, the cost of 1 litre of petrol in Mumbai, India, is 103.50 

Why are petrol prices not falling even when crude oil prices drop?

• The government may increase taxes to keep revenue stable
• Rupee depreciation offsets crude savings 
• OMCs may recover past losses from lower crude prices.