The Wholesale Price Index of petrol across India during financial year 2024 was just around 159. The price index value of petrol increased by about 64 percent from the base year of 2012. An overall increase in the price index was seen in recent years in the country.

Petroleum: Retail Price: High Speed Diesel Oil: Delhi data was reported at 87.620 INR/l in 2024. This records a decrease from the previous number of 89.620 INR/l for 2023. Petroleum: Retail Price: High Speed Diesel Oil: Delhi data is updated yearly, averaging 30.450 INR/l from Mar 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 93.070 INR/l in 2022 and a record low of 4.080 INR/l in 1990. Petroleum: Retail Price: High Speed Diesel Oil: Delhi data remains active status in CEIC and is reported by Ministry of Petroleum and Natural Gas. The data is categorized under Global Database’s India – Table IN.RBL006: Petroleum: Retail Price.

The average price of Indian basket crude oil was estimated to reach 97.67 U.S. dollars per barrel in the financial year 2023. While Indian basket crude oil prices have fluctuated during the reported period, this figure significantly increased from the previous year’s average of 78.19 U.S. dollars. The average price of crude oil went up marginally around the financial year 2012, touching almost 112 U.S. dollars per barrel.

Recent trends in the Indian oil industry

The last several years have seen a slight but steady increase in Indian crude oil refinery capacity. However, the annual domestic crude oil production volume has consistently decreased. Not surprisingly, the volume of crude oil imports had recently been on the rise for several years.

The future of the Indian energy sector

As the third-largest primary energy consumer globally, India relies on various sources to meet its energy demands. At the same time, a significant increase in primary energy consumption across various sources is projected for the coming decades, with renewables playing a vital role in the Indian energy transition.

Gasoline increased 0.22 USD/GAL or 10.89% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on March of 2025.

Have timely access to reliable Gasoline price assessments in India:

• Gasoline, export transaction price, fob, India
• Gasoline (regular), retail, India

Each assessment includes Gasoline price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Gasoline price assessments for India and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

WPI Fuel YoY in India decreased by 0.71 percent in February from -2.78 percent in January of 2025. This dataset includes a chart with historical data for India WPI Fuel and Power YoY.

India Consumer Price Index (CPI): Fuel and Light data was reported at 178.300 2012=100 in Feb 2025. This records an increase from the previous number of 178.200 2012=100 for Jan 2025. India Consumer Price Index (CPI): Fuel and Light data is updated monthly, averaging 136.550 2012=100 from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 186.500 2012=100 in Aug 2023 and a record low of 86.200 2012=100 in Jan 2011. India Consumer Price Index (CPI): Fuel and Light data remains active status in CEIC and is reported by Ministry of Statistics and Programme Implementation. The data is categorized under Global Database’s India – Table IN.IB001: Consumer Price Index: 2012=100. [COVID-19-IMPACT]

Petroleum: Retail Price: High Speed Diesel Oil: Mumbai data was reported at 92.150 INR/l in 2024. This records a decrease from the previous number of 94.270 INR/l for 2023. Petroleum: Retail Price: High Speed Diesel Oil: Mumbai data is updated yearly, averaging 34.960 INR/l from Mar 1990 (Median) to 2024, with 35 observations. The data reached an all-time high of 100.940 INR/l in 2022 and a record low of 4.300 INR/l in 1990. Petroleum: Retail Price: High Speed Diesel Oil: Mumbai data remains active status in CEIC and is reported by Ministry of Petroleum and Natural Gas. The data is categorized under Global Database’s India – Table IN.RBL006: Petroleum: Retail Price.

Crude Oil decreased 2.12 USD/BBL or 2.95% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on March of 2025.

Saudi Arabia Fuel Prices: Retail: Gasoline 91 data was reported at 2.180 SAR/l in Mar 2025. This stayed constant from the previous number of 2.180 SAR/l for Feb 2025. Saudi Arabia Fuel Prices: Retail: Gasoline 91 data is updated monthly, averaging 2.180 SAR/l from Jul 2020 (Median) to Mar 2025, with 57 observations. The data reached an all-time high of 2.180 SAR/l in Mar 2025 and a record low of 1.290 SAR/l in Jul 2020. Saudi Arabia Fuel Prices: Retail: Gasoline 91 data remains active status in CEIC and is reported by Saudi Arabian Oil Company. The data is categorized under Global Database’s Saudi Arabia – Table SA.P016: Fuel Prices. [COVID-19-IMPACT]

On March 24, 2025, the price of ultra-low sulfur unleaded petrol (gasoline) in the United Kingdom averaged 135.61 pence per liter. This compared to 143.07 pence per liter for diesel. Diesel prices were consistently higher than petrol/gasoline prices throughout this period, although the margin varied. Reasons for such differences in pricing lie in the refining process and molecular makeup of the products, with diesel requiring more complex refining processes and being an overall heavier liquid. As motor fuel pricing in the UK is not regulated by a monitoring body, there may also be notable differences in prices between retailers and regions. Supermarkets provide lowest fuel prices in the UK In the UK, much of the motor fuel is sold through supermarkets. Large supermarkets, or hypermarkets, account for more than 40 percent of all motor fuel sales in the country. The reason for their popularity often lies in the fact that they offer lower average prices. In the last four years, regular petrol/gasoline sold at supermarkets was up to six pence per liter cheaper than the national average. How UK fuel prices compare to the rest of the world Tied as they are to crude oil prices, motor fuels are generally cheapest in major producing countries, such as Iran, Venezuela, and Russia. In Europe, costs of importing the raw or finished products, in addition to taxes and levies, may hike up pump prices significantly. The UK is often among the countries with the highest petrol/gasoline prices, alongside other large European car markets such as France and Germany.

As of February 2025, the average annual price of Brent crude oil stood at 77.36 U.S. dollars per barrel. This is some three U.S. dollars lower than the 2024 average. Brent is the world's leading price benchmark for Atlantic basin crude oils. Crude oil is one of the most closely observed commodity prices as it influences costs across all stages of the production process and consequently alters the price of consumer goods as well. What determines crude oil benchmarks? In the past decade, crude oil prices have been especially volatile. Their inherent inelasticity regarding short-term changes in demand and supply means that oil prices are erratic by nature. However, since the 2009 financial crisis, many commercial developments have greatly contributed to price volatility; such as economic growth by BRIC countries like China and India, and the advent of hydraulic fracturing and horizontal drilling in the U.S. The outbreak of the coronavirus pandemic and the Russia-Ukraine war are examples of geopolitical events dictating prices. Light crude oils - Brent and WTI Brent Crude is considered a classification of sweet light crude oil and acts as a benchmark price for oil around the world. It is considered a sweet light crude oil due to its low sulfur content and a low density and may be easily refined into gasoline. This oil originates in the North Sea and comprises several different oil blends, including Brent Blend and Ekofisk crude. Often, this crude oil is refined in Northwest Europe. Another sweet light oil often referenced alongside UK Brent is West Texas Intermediate (WTI). WTI oil prices amounted to 76.55 U.S. dollars per barrel in 2024.

In June of 2024, the average price of petrol per liters in the United Arab Emirates stood at 3.02 United Arab Emirates Dirham. In comparison, the price of petrol per liters in the UAE was over four United Arab Emirates Dirhams in June 2022.

Gasoline Prices in Hong Kong increased to 3.43 USD/Liter in February from 3.40 USD/Liter in January of 2025. This dataset provides - Hong Kong Gasoline Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The 2025 annual OPEC oil price stood at 78.1 U.S. dollars per barrel, as of February. This would be lower than the 2024 average, which amounted to 79.86 U.S. dollars. The abbreviation OPEC stands for Organization of the Petroleum Exporting Countries and includes Algeria, Angola, Congo, Equatorial Guinea, Gabon, Iraq, Iran, Kuwait, Libya, Nigeria, Saudi Arabia, Venezuela, and the United Arab Emirates. The aim of the OPEC is to coordinate the oil policies of its member states. It was founded in 1960 in Baghdad, Iraq. The OPEC Reference Basket The OPEC crude oil price is defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq, Arab Light from Saudi Arabia, BCF 17 from Venezuela, et cetera. By increasing and decreasing its oil production, OPEC tries to keep the price between a given maxima and minima. Benchmark crude oil The OPEC basket is one of the most important benchmarks for crude oil prices worldwide. Other significant benchmarks are UK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2024 fall in prices was the result of weakened demand outlooks, primarily from China.

Fuel Price: Indian Oil Corporation Limited: Bitumen: Koyali: Bulk: Grade VG30 data was reported at 34,950.000 INR/Metric Ton in 12 Dec 2018. This stayed constant from the previous number of 34,950.000 INR/Metric Ton for 11 Dec 2018. Fuel Price: Indian Oil Corporation Limited: Bitumen: Koyali: Bulk: Grade VG30 data is updated daily, averaging 30,190.000 INR/Metric Ton from Nov 2009 (Median) to 12 Dec 2018, with 3329 observations. The data reached an all-time high of 42,750.000 INR/Metric Ton in 30 Sep 2013 and a record low of 21,573.000 INR/Metric Ton in 29 Feb 2016. Fuel Price: Indian Oil Corporation Limited: Bitumen: Koyali: Bulk: Grade VG30 data remains active status in CEIC and is reported by Indian Oil Corporation Limited. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBJ003: Fuel Price: Indian Oil Corporation Limited: Bitumen: Bulk.

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• Crude Oil (sour/sweet blend), import spot price, cif, India

Each assessment includes Crude Oil price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Crude Oil price assessments for India and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Brent decreased 0.64 USD/BBL or 0.85% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on March of 2025.

Have timely access to reliable Natural Gas price assessments in India:

• Natural Gas (liquified), import spot price, dap, India

Each assessment includes Natural Gas price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Natural Gas price assessments for India and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Hong Kong had the highest prices for premium gasoline (95-RON) on February 10, 2025. That day, prices averaged 3.39 U.S. dollars per liter, which was notably more than in any other country. While oil-rich countries enjoy some of the lowest gasoline prices, drivers in big car markets such as Europe pay around two U.S. dollars per liter.