Petrol, Diesel Prices Plunge After Festive Season; Rates Drop in Several Cities Today (October 24, 2025)

Oil marketing companies across India slashed fuel prices just after the festive season, bringing relief to consumers as petrol and diesel rates fell in multiple major cities on October 24, 2025. This move marks the first significant decline in retail fuel rates in weeks, despite recent volatility in global crude oil benchmarks and currency markets.​

Major City-Wise Rates (₹ Per Litre)

Some cities, including Delhi and Mumbai, saw prices drop by up to ₹2 per litre following the government’s call for lower rates ahead of election season and as part of ongoing tax adjustments. Rates remained mostly steady in Eastern cities, though Patna reported slight increases.​

Market Factors and Outlook

Fuel prices in India are revised daily at 6 AM, based on global crude movements, rupee exchange rates, and central/state tax policies. The recent decrease follows a period of stable pricing that began in May 2022. The government’s intervention, coupled with reduced dealer margins and subdued demand post-festivals, contributed to the latest cuts.​

As Brent crude hovers near $86.39 per barrel internationally, further adjustments in petrol and diesel prices may be expected in the coming weeks. Government officials urge consumers to monitor rates closely and expect continued moderate trends unless there is a global supply shock.

Conclusion

The drop in fuel prices post-festivals offers temporary respite to vehicle owners, but future fluctuations remain tied to global markets and domestic fiscal strategies. Indians are advised to take advantage of the current low rates and plan travel or bulk purchases accordingly.