Fuel rates were held steady on Monday, unchanged across all metro cities. The last major revision in petrol prices was in March 2024, when the rate was cut by Rs 2 per litre.
Here are the updates on the petrol and diesel prices on June 16, 2025: In Delhi, a litre of petrol is retailed at Rs 94.77, and diesel costs Rs 87.67. In Mumbai, petrol is priced at Rs 103.50 per litre, and diesel costs Rs 90.03. In Chennai petrol is now sold at Rs 100.80 a litre, and diesel costs Rs 92.39. Petrol is sold at Rs 105.41 in Kolkata, and diesel is priced at Rs 92.02.
In India, fuel prices have remained steady since May 2022, after the central government and various state governments reduced fuel taxes.
Currently, oil marketing companies such as state-run Indian Oil Corporation review the domestic prices of petrol and diesel on a daily basis, and any changes – determined broadly by the global crude oil prices and the foreign exchange rates – are effected at the fuel stations at 6 a.m.
The price revisions method, or the dynamic fuel price methodology, considers several factors such as international crude prices, the exchange rate of the rupee against the dollar, actual and expected demand, and the trade flow in global crude markets.
On Monday, crude extended gains with Brent crude – the global benchmark for crude oil – rising 1.48% to $75.33 after Israel and Iran continued attacks on each other over the weekend. The Israeli Air Force launched an attack on the giant South Pars gas field after strikes on Iran’s nuclear sites and military leadership last week.
The Brent crude had slipped below $59 in May, the lowest level since February 2021. In the last two months crude prices have tumbled to four year low amid US President Donald Trump’s tariff wars. However, with the flare in tensions oil had jumped over 13% on Friday.
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