Petrol and diesel prices are always a topic of discussion in the country, because they directly affect the common man’s pocket. Recently there have been reports of fall in petrol and diesel prices, which has brought great relief to the people. Since 15 May 2025, there has been a slight decrease in the prices of petrol and diesel. This change has come due to the fall in crude oil prices in the international market and the tax policy of the government.
Petrol and diesel prices are different in every state and city, as they include tax, transportation costs and other local charges of state governments. Oil companies release new prices every day at 6 am. In this article, we will know what the latest prices of petrol and diesel are on 15 May 2025, how much relief is available in which state and what can be expected further.
Petrol Diesel Price Today: Overview Table
| Acquaintance | Description |
| Petrol-diesel rate update | 15 May 2025 |
| Average price of petrol (Delhi) | ₹ 94.77 per liter |
| Average price of diesel (Delhi) | ₹ 87.67 per liter |
| Average price of petrol (Mumbai) | ₹ 103.50 per liter |
| Average price of diesel (Mumbai) | ₹ 90.03 per liter |
| Average price of petrol (Chennai) | ₹ 100.80 per liter |
| Average price of diesel (Chennai) | ₹ 92.39 per liter |
| Prices change | Recently marginal shortage |
| Price update time | 6 am every day |
| Base of determination of prices | International Crude Oil Rate, Dollar-Rupya Exchange Rate |
Why relief in the price of petrol and diesel?
- Crude oil prices fall in international market
- Tax reduction by government
- Reduction in cost of oil companies
- Reduction in global demand and increase in supply
Fresh Petrol Diesel Price Today 15 May 2025)
Petrol and diesel prices are as follows on 15 May 2025 in different cities of the country:
| City | Petrol (₹/liter) | Diesel (₹/liter) |
| Delhi | 94.77 | 87.67 |
| Mumbai | 103.50 | 90.03 |
| Chennai | 100.80 | 92.39 |
| Kolkata | 105.41 | 92.02 |
| Bengaluru | 102.92 | 90.99 |
| Hyderabad | 107.46 | 95.70 |
| Jaipur | 104.72 | 90.21 |
| Lucknow | 94.61 | 87.71 |
| Pune | 103.75 | 90.29 |
These prices have received some relief compared to the last few months. However, there is a slight difference in prices due to VAT and other taxes in every state.
How are the prices of petrol and diesel fixed? (Petrol Diesel Price Determination Process)
- International crude oil price: Petrol and diesel prices in India depend on the prices of crude oil in the international market.
- Dollar-Rupaya Exchange Rate: Prices change even when the rupee is weak or strong against the dollar.
- Tax and Duty: The central and state governments impose excise duty and VAT, leading to rising or decreasing prices.
- Transportation Cost: The cost of transporting from the oil refinery to the petrol pump is also added to the price.
- Oil marketing company margin: Companies like Indian Oil, Bharat Petroleum, Hindustan Petroleum also add their profits.
Recent Petrol Diesel Price Changes
In March 2024, the price of petrol and diesel was cut by ₹ 2 per liter. Since then prices have been mostly stable. After May 2022, the central government had cut tax, which reduced prices in all states.
Recently, the price of petrol in Maharashtra was seen to be ₹ 0.09 per liter and now it has reached ₹ 104.76 per liter. The price of diesel has also fallen to ₹ 90.03 per liter in Maharashtra. There is also a minor relief in big cities like Delhi, Mumbai, Chennai, Kolkata.
State-wise petrol and diesel prices
| State | Petrol (₹/liter) | Diesel (₹/liter) |
| Uttar Pradesh | 94.52 | 87.58 |
| Gujarat | 94.49 | 90.17 |
| Rajasthan | 104.41 | 89.93 |
| Madhya Pradesh | 107.57 | 92.88 |
| Bihar | 106.94 | 93.20 |
| Punjab | 97.60 | 88.09 |
| Haryana | 95.60 | 88.43 |
| Tamil Nadu | 101.62 | 93.23 |
| Telangana | 108.83 | 97.10 |
| Kerala | 106.46 | 95.39 |
| West Bengal | 106.64 | 93.16 |
What will be the benefits of decreasing the price of petrol diesel? (Benefits of Petrol Diesel Price Cut)
- Relief to the general public: Transport, travel, and everyday things may decrease.
- Transport industry benefits: The cost of truck, bus, taxi operators will decrease.
- Impact on inflation: Due to cheap petrol and diesel, inflation may be curbed.
- Consumer spending will increase: People will spend less on fuel, which will increase the expenditure on other things.
Can petrol and diesel be cheaper even further? (Will Petrol Diesel Price Reduce Further?)
If crude oil prices fall further in the international market and the rupee is stronger against the dollar, then the prices of petrol and diesel may be reduced further. The government can also reduce the price by cutting tax. However, if crude oil becomes expensive or tax increased, prices may increase again.
Why do petrol and diesel prices change daily? (Why Petrol Diesel Pries Change Daily?)
The daily pricing system is applicable in India from June 2017. That is, petrol and diesel prices are updated every day at 6 am. The advantage of this is that the effect of change in the international market is immediately visible and transparency remains.
Important questions related to the price of petrol and diesel (FAQ on Petrol Diesel Price Today)
Q1: Petrol and diesel prices are the same in all states?
No, prices are different due to tax and transportation cost in every state.
Q2: When can the prices of petrol and diesel decrease?
When crude oil prices fall in the international market or the government reduces tax.
Q3: Why does diesel cost less than petrol?
Diesel is reduced tax and its refining cost is also low.
Q4: Do petrol and diesel prices change every day?
Yes, new prices are applied every day at 6 am.
Q5: What is the benefit of the common man due to petrol and diesel being cheaper?
Prices of transport and everyday items may decrease, which will reduce the burden on pockets.
Government’s role on petrol and diesel prices
The government impose excise duty on petrol and diesel and state governments. When the government reduces tax, prices decrease. Apart from this, the government sometimes gives instructions to oil companies to reduce prices.
How to check petrol and diesel prices? (How to Check Petrol Diesel Price Today)
- From SMS: You can know the price from Indian Oil, Bharat Petroleum, Hindustan Petroleum website or SMS service.
- Mobile App: Petrol pump companies can also see the latest rate from the mobile app.
- Petrol Pump: Prices are also written on the rate board at the nearest petrol pump.
Reasons Behind Petrol Diesel Price Drop)
- International crude oil prices fall
- Rupee to strengthen against dollar
- Tax reduction by government
- Reduction in cost of oil companies
Petrol Diesel Price Trend
Petrol and diesel prices have been stable in the last few months. The prices have not changed much since the cut of ₹ 2 per liter in March 2024. Recently, crude oil prices have come down in the international market, which can provide further relief.
Conclusion
On 15 May 2025, there is a slight relief in the prices of petrol and diesel. All major cities of the country including Delhi, Mumbai, Chennai, Kolkata have seen a slight decrease in the price of petrol and diesel. In the international market, this relief has been provided due to the decrease in crude oil prices and the tax policy of the government. If this trend continues, then there can be further relief.
Disclaimer:
This article is based on the information about the latest prices of petrol and diesel and the changes related to them. Petrol and diesel prices change daily, so check the local petrol pump or company website to know the latest rate of your city. The government or oil companies have not yet announced any major change or new scheme, so do not rely on any rumor or viral message.
