As of 30 November 2025, diesel prices in India are around ₹87.62 per litre in Delhi, ₹92.15 in Mumbai, ₹90.76 in Kolkata, and ₹92.34 in Chennai. Looking ahead, analysts expect diesel prices to remain stable in the short term, but global forecasts suggest a possible sharp fall by 2027, with crude oil potentially dropping to $30 per barrel, which could bring diesel down to ₹18–25 per litre if those projections materialize.
⛽ Current Diesel Prices (30 Nov 2025)
| City | Diesel Price (₹/L) |
|---|---|
| New Delhi | 87.62 |
| Mumbai | 92.15 |
| Kolkata | 90.76 |
| Chennai | 92.34 |
Future Price Outlook
- Short Term (2025–26):
- Prices expected to stay in the ₹85–95 per litre range, depending on crude oil fluctuations and currency exchange rates.
- Government tax policies and OMC (Oil Marketing Companies) daily revisions will keep prices aligned with global crude trends.
- Medium Term (2027 Forecast):
- JP Morgan projects Brent crude could fall to $30 per barrel by March 2027, due to rising supply from non-OPEC+ countries.
- If realized, this could translate to diesel at ₹18–25 per litre in India, a historic low.
- However, this depends on geopolitical stability, demand recovery, and government taxation.
Summary!
- Today: Diesel prices are steady around ₹87–92 per litre in major Indian cities.
- Future: If global crude supply surges as predicted, India could see dramatically cheaper diesel by 2027, though taxation and policy decisions will ultimately determine consumer prices.