Gasoline Prices in India decreased to 1.07 USD/Liter in September from 1.08 USD/Liter in August of 2025. This dataset provides the latest reported value for - India Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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

Gasoline rose to 1.86 USD/Gal on October 22, 2025, up 1.64% from the previous day. Over the past month, Gasoline's price has fallen 7.38%, and is down 9.32% compared to the same time last year, 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 October of 2025.

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 ***** U.S. dollars per barrel in the financial year 2024. While Indian basket crude oil prices have fluctuated during the reported period, this figure significantly decreased from the previous year’s average of ***** U.S. dollars. The average price of crude oil went up marginally around the financial year 2012, touching almost *** 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.

Crude Oil rose to 57.03 USD/Bbl on October 21, 2025, up 0.01% from the previous day. Over the past month, Crude Oil's price has fallen 8.43%, and is down 20.51% compared to the same time last year, 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 October of 2025.

WPI Fuel YoY in India decreased by 2.58 percent in September from -3.17 percent in August of 2025. This dataset includes a chart with historical data for India WPI Fuel and Power YoY.

Get comprehensive insights into the Diesel market, with a focused analysis of the Diesel price trend across Asia, Europe, North America, Latin America, and the Middle East Africa.

India Consumer Price Index (CPI): Fuel and Light data was reported at 178.400 2012=100 in Mar 2025. This records an increase from the previous number of 178.300 2012=100 for Feb 2025. India Consumer Price Index (CPI): Fuel and Light data is updated monthly, averaging 136.600 2012=100 from Jan 2011 (Median) to Mar 2025, with 171 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.HD002: Consumer Price Index. [COVID-19-IMPACT]

As of August 2025, the average annual price of Brent crude oil stood at 71.3 U.S. dollars per barrel. This is over nine 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 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.

The 2025 annual OPEC basket price stood at ***** U.S. dollars per barrel as of August. This would be lower than the 2024 average, which amounted to ***** 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 2025 fall in prices was the result of weakened demand outlooks exacerbated by extensive U.S. trade tariffs.

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.

Gasoline Prices in Hong Kong remained unchanged at 3.65 USD/Liter in September. This dataset provides - Hong Kong Gasoline Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Price-To-Cashflow-Ratio Time Series for Indian Oil Corporation Limited. Indian Oil Corporation Limited, together with its subsidiaries, engages in the oil, gas, petrochemicals, and alternative energy source businesses in India and internationally. It operates through Sale of Petroleum Products, Sale of Petrochemicals, Sale of Gas, and Other segments. The company is involved in the refining of petroleum products; exploration and production of crude oil and gas; explosives and cryogenic businesses; pipeline transportation of crude oil, petroleum, and gas; petrochemicals and gasoline; gas and LPG marketing; research and development; city gas distribution; and downstream operations. It also engages in low carbon, new, clean, and green energy businesses; lube blending; marketing of lubricants and base oil; participation in the shale gas asset project; crude oil trading; import and export of petroleum products; investment in E&P assets, battery technology, and alternative energy technology companies; and wind mill and solar power generation. In addition, the company provides terminalling, retailing, aviation refueling, and bunkering; and financial services, as well as operates fuel stations. It serves motorists, households, businesses, society, suppliers, business partners, and the sports industry. The company was formerly known as Indian Oil Company Limited and changed its name to Indian Oil Corporation Limited in September 1964. Indian Oil Corporation Limited was incorporated in 1959 and is based in New Delhi, India.

According to Cognitive market research the Hybrid car Market size is USD XX Million in 2024 and is set to achieve a market size of USD XX Million by the end of 2033 growing at a CAGR of XX% from 2024-2033.

Market Dynamics

Key Drivers

Escalating fuel costs accelerate the adoption of hybrid automobiles.

According to past data the average petrol price per litre has steadily increased from around Rs 80.43 in 2020 to Rs 100 in 2024 and further to Rs 105.01 in 2025 so this data shows that fuel price has increased in past five years and also from sales data in June quarter (Q11) of current fiscal year (FY 25) grew by 62.5% year on year which indirectly shows the major adoption rate by customers and behavioral shift from petrol owned vehicle to Hybrid E cars Also the market share of hybrid vehicle in India passenger vehicle market roses from 0.5% in December 2022 to 2.1% in March 2024 . Also primarily benefits of strong hybrid is its phenomenal fuel efficiency, especially in city traffic where the electric motor provides a boost .and offer better mileage than petrol car In conclusion, the convergence of consistently high fuel prices and the demonstrated fuel efficiency of strong hybrids has created a perfect storm for market growth. The impressive sales figures and rising market share serve as a powerful testament to the fact that Indian consumers are making a calculated and pragmatic decision, driving a definitive shift away from traditional petrol vehicles toward the more economical and efficient hybrid alternative.

Sources - https://cleartax.in/s/petrol-price-india-history

https://www.autocarpro.in/news/india-bev-sales-grow-22-in-q1-2025-but-underperform-global-growth-126627

https://www.livemint.com/auto-news/hybrid-vehicles-complementing-growth-of-evs-in-india-hsbc-report-11747990354757.html

https://evreporter.com/quarterly-india-ev-sales-snapshot-q1-fy-2024-25/

Key Restraints

The expensive acquisition cost restrains the expansion of the hybrid automobile market.

The high initial cost of a hybrid vehicle stands as the most significant barrier to its widespread adoption, effectively restraining market expansion despite its impressive fuel efficiency. This financial hurdle stems directly from the vehicle's complex dual powertrain system, which combines a petrol engine with an electric motor, a high-voltage battery pack, and sophisticated power electronics. This advanced technology significantly increases manufacturing costs, a premium that is directly passed on to the consumer. For instance, a hybrid model of a popular compact SUV often has a sticker price that is approximately ?2 lakh to ?3 lakh higher than its equivalent petrol-only version.

This price disparity is further amplified by India's current tax policy. While pure electric vehicles (EVs) are incentivized with a low 5% GST, hybrid cars are subjected to a combined GST and cess burden of 43%. This punitive tax structure places hybrids at a significant disadvantage, making them substantially more expensive than petrol cars and often on par with or even more costly than subsidized EVs. For example, a consumer considering a top-end Maruti Suzuki Grand Vitara Strong Hybrid, which costs over ?20 lakh (ex-showroom), could acquire a well-equipped, non-hybrid SUV for a much lower price.

For many budget-conscious buyers, this steep acquisition cost forces a rigorous cost-benefit analysis. While a hybrid offers phenomenal mileage—often achieving 20-25 kmpl in city traffic compared to 12-16 kmpl for a conventional petrol car—the time required for fuel savings to recoup the extra upfront investment can be substantial. If the payback period is too long, the consumer may not see the financial benefit as a strong enough incentive to overcome the immediate financial strain of a larger loan and higher EMI. This is a key reason why, despite strong sales growth in recent years, hybrid vehicles' market share in the Indian passenger vehicle segment, while rising, was only 2.1% in March 2024, far behind the ICE segment's dominance. Therefore, the high acquisition cost, driven by both technology and taxation, remains a major restraint that limits hybrids from capturing a larger market share.

Source - https://www.google.com/search?q=https://cleartax.in/s/gst-on-cars-and-bikes

https://www.google.com/search?q=https://www.newindianexpress.com/busi...

Gasoline Prices in Brazil increased to 1.16 USD/Liter in September from 1.14 USD/Liter in August of 2025. This dataset provides the latest reported value for - Brazil Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

On October 6, 2025, the Brent crude oil price stood at 63.49 U.S. dollars per barrel, compared to 59.49 U.S. dollars for WTI oil and 64.22 U.S. dollars for the OPEC basket. Oil prices rose slightly that week.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for global oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (where a contract is agreed upon while product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

Brent rose to 62.69 USD/Bbl on October 22, 2025, up 2.24% from the previous day. Over the past month, Brent's price has fallen 7.30%, and is down 16.37% compared to the same time last year, 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 October of 2025.