Petrol, Diesel Prices Today: Check June 25 Fuel Rates As Brent Crude Falls

Petrol and diesel prices remained unchanged across major Indian cities on Thursday, June 25, despite a sharp decline in global crude oil prices amid easing geopolitical tensions in the Middle East. Brent crude, the international benchmark, fell to around $72.48 per barrel, returning to levels seen before the outbreak of the US-Iran conflict. The decline comes as hopes grow for a diplomatic resolution between Washington and Tehran following recent negotiations.

Fuel prices had come under pressure in recent months as concerns over potential supply disruptions during the US-Iran conflict pushed crude oil prices higher. Since the conflict began, petrol and diesel prices in India have reportedly been revised upward four times, with the latest increase adding Rs 2.6 per litre to petrol and Rs 2.7 per litre to diesel. Overall, fuel prices have risen by approximately Rs 7.5 to Rs 8 per litre since the start of the crisis, reflecting the impact of elevated global energy costs.

According to the latest retail rates, petrol in Delhi is priced at Rs 102.12 per litre, while diesel costs Rs 95.20 per litre. Petrol prices stood at Rs 113.51 per litre in Kolkata, Rs 111.21 in Mumbai, Rs 108.01 in Chennai, Rs 115.73 in Hyderabad, and Rs 110.89 in Bengaluru. Diesel prices were recorded at Rs 99.82 per litre in Kolkata, Rs 97.83 in Mumbai, Rs 99.66 in Chennai, Rs 103.82 in Hyderabad, and Rs 98.80 in Bengaluru. The variation in fuel rates across cities is largely due to differences in state taxes and local levies.

Also Read: Petrol And Diesel Rates Remain Steady Today Across Major Indian Cities On June 24

Meanwhile, government data indicates a significant improvement in the financial position of oil marketing companies (OMCs). Under-recoveries on petrol have reportedly declined by 83 percent to Rs 3 per litre from Rs 24 per litre as of April 1. Diesel under-recoveries have also fallen substantially, dropping by 75 percent to Rs 27 per litre from Rs 105 per litre. The reduction reflects lower international crude prices and improving market conditions following months of volatility.

Global oil markets continued to weaken on Thursday, with Brent crude falling more than 1.5 percent to around $72.4 per barrel, while US benchmark West Texas Intermediate (WTI) slipped about 1.4 percent to near $69.3 per barrel. The latest decline follows a nearly 4 percent drop in the previous trading session as traders reduced the geopolitical risk premium that had supported oil prices earlier this year. Increased tanker movement through the Strait of Hormuz has also signalled a gradual return to normal shipping activity in the region.

Fuel prices in India are influenced by multiple factors, including international crude oil prices, the rupee-dollar exchange rate, transportation costs, refining expenses, and taxes imposed by both the central and state governments. While the recent decline in crude prices has raised expectations of relief for consumers, any change in domestic fuel rates will depend on future movements in global oil markets and decisions taken by oil marketing companies and policymakers.

Also Read: June 23 Fuel Rates: Petrol And Diesel Prices Across Major Indian Cities