Petrol-Diesel Rate Alert: Latest Prices Across Delhi, Mumbai, Kolkata, and Other Metros

The first day of every month is often watched closely by consumers and market analysts alike, especially when it comes to fuel prices. As of May 1, 2025, fuel prices in India — specifically petrol and diesel — remain unchanged, bringing continued relief to consumers amid global crude oil market fluctuations. Despite movements in international oil prices and a prior increase in excise duty by the central government, oil marketing companies (OMCs) have opted to maintain stability in domestic fuel prices.

This article covers the latest petrol and diesel prices in major Indian cities, the rationale behind price stability, how consumers can check fuel prices, and answers to frequently asked questions.

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Short Summary Table: Petrol and Diesel Price Update

Why May 1st Matters for Fuel Prices

Every month, especially on the 1st, oil marketing companies in India assess global crude oil prices, domestic demand, currency exchange fluctuations, and tax adjustments to update fuel prices. Although no official revision is guaranteed monthly, changes — if any — typically take place on the first day.

However, this May, the status quo has been maintained. Consumers can breathe easy, as there has been no impact on petrol and diesel prices, despite earlier adjustments in government excise duty and varying crude oil rates globally.

Why Fuel Prices Have Remained Unchanged

India follows a dynamic pricing model for petrol and diesel, which means prices can technically change daily based on the international price of crude oil and currency exchange rates. Yet, several factors influence the final decision of OMCs:

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Key Reasons for Stability in Fuel Prices:

• Absorption of Excise Hike: Although the central government increased excise duty previously, oil marketing companies chose not to pass the burden onto consumers.
• Global Crude Volatility: While international crude prices have shown some volatility, companies have managed costs through hedging and operational efficiencies.
• Political Considerations: With several elections in the pipeline, governments often opt for price stability to avoid public dissatisfaction.
• Controlled Inflation Goals: Fuel costs significantly influence inflation. Price stability helps keep broader economic conditions in check.

City-wise Petrol and Diesel Prices as of May 1, 2025

Here’s a breakdown of petrol and diesel prices in major cities across India as per the latest update:

Please note that prices may vary slightly within cities depending on local taxes, distribution costs, and dealer commissions.

How to Check Daily Fuel Prices in Your City

Consumers can easily check the daily updated fuel rates through SMS or by visiting official websites of oil marketing companies:

For Indian Oil Customers:

• SMS Method: Type RSP <space> CITY CODE and send it to 9224992249
• Website: https://www.iocl.com

For Bharat Petroleum (BPCL) Customers:

• SMS Method: Type RSP <space> CITY CODE and send it to 9223112222
• Website: https://www.bharatpetroleum.in

For Hindustan Petroleum (HPCL) Customers:

• Website: https://www.hindustanpetroleum.com

Fuel Pricing: How Is It Determined in India?

Fuel prices in India are governed by a dynamic pricing mechanism implemented in June 2017. Prices are revised daily based on:

• International Crude Oil Prices
• Rupee-Dollar Exchange Rate
• Dealer Commission
• Excise Duty (Central Government)
• VAT (State Government)

Although prices are deregulated, government influence still plays a role in times of extreme volatility.

FAQs: Petrol and Diesel Prices in India

Q1: Why are petrol and diesel prices unchanged despite a rise in excise duty?

The government did raise excise duty, but oil marketing companies chose to absorb the cost internally to avoid passing the burden onto consumers. This could be due to political and economic considerations, especially in election periods.

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Q2: When was the last time fuel prices changed?

The last major revision in fuel prices took place in March 2024. Since then, prices have remained stable across the country.

Q3: How can I check the fuel price in my city daily?

You can check daily fuel prices by:

• Sending an SMS to IOCL or BPCL as per your city code.
• Visiting the websites of Indian Oil, BPCL, or HPCL.
• Checking your UPI or fuel app, which often displays real-time fuel prices.

Q4: Why do fuel prices vary from city to city?

Different states impose varying levels of Value Added Tax (VAT), and additional logistical costs such as transportation and dealer margins can also cause price variation.

Q5: Are fuel prices likely to change soon?

While fuel prices are technically revised daily, no immediate changes are expected unless there’s a major shift in global crude prices or domestic tax structures. Monitoring daily updates from OMCs is the best way to stay informed.

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Conclusion

With the global crude oil market witnessing mild fluctuations, India has once again opted for price stability in its domestic fuel market. The unchanged petrol and diesel prices on May 1, 2025, come as a relief to consumers amid rising inflation and broader economic challenges.

While global factors and local taxes continue to influence future changes, today’s decision reflects the government and oil companies’ effort to cushion consumers from immediate cost pressures. Regularly checking prices and understanding the factors behind them empowers consumers to make informed financial decisions in their day-to-day lives.

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