Overview

• Fuel rates have held steady for over three years, with New Delhi today seeing petrol at ₹94.72 per litre and diesel at ₹87.62 per litre.
• State-run Oil Marketing Companies conduct dynamic daily revisions at 6 AM by linking pump prices to global crude benchmarks and the rupee‐dollar exchange rate.
• Puri projected that ample supply, potential reserve releases and cooling global demand will push crude costs lower in the near term.
• He indicated that if crude prices remain near current levels, there is scope for petrol and diesel rate cuts in the next quarter.
• India has expanded its oil import network from 27 to 40 countries, boosting crude inflows from the US by over 50% and from Brazil by 80% in the first half of 2025.