New Delhi: The effect of increasing tension between America and Iran is now visible on the international oil market as well. Crude oil prices have increased amid fears of the US military taking further military action against Iran. Brent crude has once again crossed 115 dollars per barrel. Due to this, concerns about the prices of petrol and diesel have increased in the coming days.
However, there is currently relief news for Indian drivers. New prices of petrol and diesel have been released in the country on 30 October 2026 at 6 am. There is no change in fuel prices even today from Delhi to Mumbai, Chennai and Kolkata. Interestingly, petrol and diesel are still cheaper in India compared to the global average prices.
What are the prices of petrol and diesel in India on 30 October?
Even today the prices of petrol and diesel remain stable in India. According to data from GlobalPetrolPrices.com, the average price of petrol in the world is around Rs 150 per liter. At the same time, the global average price of diesel is Rs 158.73 per liter.
In comparison, the average price of petrol in India is Rs 108.65 and the price of diesel is Rs 98.10 per liter. This means that compared to the global average, Indian consumers are currently getting fuel at a lower price.
Where is the cheapest and most expensive petrol available in the world?
There is a huge difference in the prices of petrol and diesel in different countries of the world. According to data, the price of diesel in Venezuela is around 40 paise per liter and the price of petrol is Rs 3.32 per liter. At the same time, in Libya petrol is available at around Rs 2.22 per litre.
In contrast, the price of petrol in Hong Kong has reached around Rs 420.50 per liter and the price of diesel has reached Rs 463.02 per liter. Talking about India, petrol in Port Blair is Rs 88.66 and diesel is Rs 84.56 per liter. Whereas in Chittoor, Andhra Pradesh, petrol is priced at Rs 118.34 and diesel at Rs 106.06 per litre.
Why do fuel prices change in different countries?
The prices of petrol and diesel do not depend only on the price of crude oil in the international market. The government of every country decides the retail price of fuel based on its tax rules and subsidies.
In some countries, heavy taxes are imposed on petrol and diesel, while many countries keep taxes low or give subsidy on fuel to provide relief to the common people. This is the reason why despite the price of crude oil being the same in the international market, the prices of petrol and diesel are quite different in different countries.
When and how do petrol and diesel prices change?
The way fuel prices change is different in every country. In some countries, the prices of petrol and diesel are reviewed every week. At the same time, in some countries the government changes the prices on a monthly basis.
Oil marketing companies in India release new rates of petrol and diesel every day at 6 am. At present, despite the rise of crude oil in the international market, the prices in the domestic market are stable. However, if the tension between America and Iran escalates, its impact on the global oil market may deepen.
