Petrol, Diesel Prices On May 22: Check Rates In Delhi, Mumbai, Chennai, Bangalore, Hyderabad And Other Cities

Petrol and diesel prices were largely steady across most cities on Thursday, May 22, 2025, with minor changes recorded in select locations. Fuel prices are updated every day at 6 a.m.

In Delhi, petrol was priced at Rs 94.77 per litre, while in Mumbai, it stood at Rs 103.50. Chennai recorded Rs 100.90, Kolkata Rs 105.41, and Bangalore Rs 103.02. Hyderabad, Pune, Ahmedabad, Jaipur, and Lucknow also saw retail prices stable/adjusted at Rs 107.46, Rs 104.04, Rs 94.90, Rs 104.72, and Rs 94.69 respectively.

Diesel was available at Rs 87.67 per litre in Delhi, Rs 90.03 in Mumbai, Rs 92.49 in Chennai, Rs 92.02 in Kolkata, and Rs 91.09 in Bangalore. In Hyderabad, Pune, Ahmedabad, Jaipur, and Lucknow, diesel was priced at Rs 95.70, Rs 90.57, Rs 90.57, Rs 90.21, and Rs 87.81 respectively.

Fuel prices in India are influenced by global crude oil trends, foreign exchange rates, and local taxes. State-run oil marketing companies adjust retail prices daily based on international benchmarks and refinery input costs.

In India, fuel prices have remained steady since May 2022, after the central government and various state governments reduced fuel taxes.

International crude oil prices continued to decline as rising US inventories increased concerns about excess supply, while broader financial markets also weakened. Brent crude stayed below $65 per barrel after falling around 1% over two prior sessions, while West Texas Intermediate hovered near $61.

Crude prices are under continued pressure as OPEC and its partners release more supply into a market already facing surplus conditions. Futures have fallen about 13% since the start of the year.

Recent figures from China, one of the world's largest oil consumers, showed a 5.5% drop in apparent oil demand in April compared to the same month last year. Crude processing declined to 14.1 million barrels per day, falling below March's level and down 1.4% on the year, Kotak Securities said in a note.

Refinery utilisation also slipped to just under 74%, marking the lowest rate since 2022, Kotak Securities said, adding that these developments reflect the mixed forces currently shaping global oil markets.

Geopolitical risks persisted, driven by ongoing nuclear discussions between the US and Iran, and a recent report suggesting Israel may be preparing to target Tehran.