Petrol and diesel prices have always been an important issue for the general public. The change in fuel prices not only affects daily life, but it also has a profound impact on the country’s economy and inflation. Since 9 February 2025, new rates of petrol and diesel have been implemented, which has given some relief to consumers. In this article, we will know how much decline in these prices has declined, and what will benefit the general public.
New rates of petrol and diesel (Petrol and Diesel New Rates)
Petrol and diesel prices are updated across the country at 6 am every day. According to the new rates released on 9 February 2025, fuel prices have been recorded in many cities. The table below gives details of the new rates of major cities:
| City | Petrol (₹/liter) | Diesel (₹/liter) |
| Delhi | 94.72 | 87.62 |
| Mumbai | 103.44 | 89.97 |
| Chennai | 100.85 | 92.44 |
| Kolkata | 103.94 | 90.76 |
| Bengaluru | 102.86 | 88.94 |
| Hyderabad | 107.41 | 95.65 |
Important point:
- The price of petrol in Delhi is ₹ 94.72 per liter and the price of diesel is ₹ 87.62 per liter.
- Petrol is available in Mumbai at ₹ 103.44 per liter and diesel at ₹ 89.97 per liter.
Due to fall in fuel prices
Petrol and diesel prices depend on many factors, which are prominent:
- International crude oil prices: Recently there has been a decrease in crude oil prices, which has directly affected fuel rates.
- Rupee-dollars exchange rate: The cost of imported crude oil is reduced due to strengthening of Indian currency.
- Changes in government taxes: The central and state governments periodically cut excise duty and VAT, which reduces prices.
- Demand and Supply: In the winter season, fuel demand is low, which reduces the pressure on prices.
Fuel pricing mechanism
Petrol and diesel prices in India are fixed under the dynamic pricing model. This means that the change in crude oil prices and exchange rates in the international market affects fuel rates per day.
Major components of pricing:
- Crude oil cost
- Refining expenses
- Transportation cost
- Government Tax (Excise Duty and VAT)
- Dealer commission
Consumers benefit from new rates
The decline in fuel rates will benefit the general public:
- Transport costs will be low, which may reduce the prices of goods and services.
- Farmers will get relief as diesel is used more in agricultural work.
- The monthly budget of middle class families will be balanced.
Trend of fuel rates of last few days in major cities
The table below has shown the trend of petrol and diesel rates of the last few days:
| date | Delhi (Petrol) | Delhi (Diesel) |
| 7 February | ₹ 94.77 | ₹ 87.67 |
| 8 February | ₹ 94.75 | ₹ 87.65 |
| 9 February | ₹ 94.72 | ₹ 87.62 |
Analysis: The last three days have seen a fall in prices gradually, which has proved to be relief for consumers.
Possible changes of future
Although fuel prices are currently stable or decreasing, they may cause fluctuations due to the following reasons:
- Crude oil supply disrupted in the international market.
- Changes in government tax policies.
- Global economic conditions.
conclusion
Fuel prices affect every person’s life. New rates implemented from 9 February have brought relief for consumers. However, it is necessary that the government takes long-term measures so that fuel prices remain stable and the general public does not face repeated inflation.
Disclaimer:
This article is written only for the purpose of giving information. Petrol and diesel prices vary from time to time. Please contact your nearest petrol pump for the latest information.
