Petrol-Diesel Price Today: Crude oil prices have seen significant fluctuations this week. In just one week, crude oil prices have fallen by about $ 4 per barrel i.e. Rs 340. Currently, crude oil is trading between $ 66-70 per barrel. A few days ago, Texas Intermediate crude oil was at $ 69.88 per barrel, which has now come down to $ 66.17 per barrel. At the same time, the price of Brent crude has also come down from $ 73.99 to $ 66.17 per barrel.
Meanwhile, new prices of petrol and diesel have been released for April 6, 2025. So let’s know today’s latest prices and how the weakness in foreign markets is affecting oil prices in India.
Weak demand in foreign market and fall in crude oil
Crude oil prices have fallen due to weak demand for oil in foreign markets. On Friday, crude oil prices fell by Rs 84 in futures trading, bringing its price to Rs 5,635 per barrel. The price of crude oil for May delivery fell 1.47 percent to Rs 5,635 per barrel.
Analysts say that oil prices have fallen due to weakness in global signals. West Texas Intermediate (WTI) crude oil prices fell 1.16% to $ 66.17 per barrel, while Brent crude prices in New York fell 1.11% to $ 69.36 per barrel.
Petrol-diesel prices in India
The trend of rise and fall in petrol and diesel prices in India continues. According to the latest prices released on 6 April 2025, the prices of petrol and diesel in major cities of the country are as follows:
City Petrol Diesel
Delhi 94.72 87.62
Mumbai 103.44 89.97
Kolkata 103.94 90.76
Chennai 100.85 92.44
Bengaluru 102.86 89.02
Lucknow 94.65 87.76
Noida 94.87 88.01
Gurugram 95.19 88.05
Chandigarh 94.24 82.40
Patna 105.18। 92.04
Reasons for fall in crude oil prices
The main reason for the fall in crude oil prices is the weakening of demand in global markets. Analysts believe that the global economic crisis, fluctuations in the supply chain, and changes in the policies of oil producing countries have increased the pressure on prices.
When did the prices fall last time?
A significant cut was made in the prices of petrol and diesel in March last year. On March 15, 2024, the Government of India reduced the prices of petrol and diesel by Rs 2 per liter. This cut was made in view of the Lok Sabha elections.
How are petrol and diesel prices decided?
Petrol and diesel prices in India are determined by oil companies. Companies like Hindustan Petroleum, Indian Oil, and Bharat Petroleum update new oil prices on their website. Apart from this, you can also check the latest prices of petrol and diesel from home.