Petrol and diesel prices today, November 3: How much does fuel cost in Delhi, Mumbai, Bengaluru?

According to a Finance Ministry notification, under the revised structure effective from October 31, the export duty on petrol was reduced to ₹ 0 per litre from ₹2.50 per litre.

Petrol and diesel prices today, November 3: Petrol and diesel prices remained largely steady across major cities today, with the Centre eliminating the additional excise duty applicable to petrol exports.

According to a Finance Ministry notification, under the revised structure effective from October 31, the export duty on petrol was reduced to ₹ 0 per litre from ₹2.50 per litre.

• Petrol: Export duty has been scrapped, down from ₹2.50 per litre.
• Diesel: Export levy has been hiked to ₹11.50 per litre from ₹8.50 per litre.

The cost of fuel varies across states and cities due to local taxes (Value Added Tax or VAT), freight charges, and other localised factors.

While global oil prices have fluctuated amid escalating geopolitical tensions in the Middle East, domestic retail prices have remained mostly unchanged.

Only Nayara Energy, India's largest private fuel retailer, hiked its petrol prices by ₹5 per litre and diesel by ₹3 per litre earlier in October.

Here is a look at the petrol and diesel prices in major metropolitan cities as of November 3:

New Delhi: Petrol is retailing at ₹102.12 per litre, while diesel is priced at ₹95.20 per litre. The national capital continues to have relatively lower fuel prices compared to other metros.

Mumbai: In the financial capital, petrol is priced at ₹111.21 per litre, and diesel costs ₹97.83 per litre.

Chennai: Residents in Chennai are paying ₹107.76 per litre for petrol and ₹99.55 per litre for diesel.

Kolkata: Petrol costs ₹113.51 per litre, while diesel costs ₹99.82 per litre.

Bengaluru: Petrol is priced at ₹111.68 per litre, and diesel at ₹99.56 per litre.

Hyderabad: Petrol costs ₹116.15 per litre, while diesel costs ₹104.23 per litre.

City	Petrol ( ₹/litre)	Diesel ( ₹/litre)
Gurgaon	102.97	95.64
Noida	101.96	95.44
Bhubaneswar	108.97	100.68
Chandigarh	101.54	89.47
Jaipur	112.66	98.25
Lucknow	101.86	95.36
Patna	113.37	99.36
Thiruvananthapuram	115.49	104.40

Global headlines: Brent crude slumps 7.6%

US oil held its losses early Tuesday after global benchmark Brent crude slumped 7.6% to close at $104.77 a barrel as traders assessed signs of progress toward ending the conflict, a day before Americans vote in the midterm elections. A Bloomberg gauge of the dollar weakened on Monday and longer-maturity Treasuries outperformed.

Easing geopolitical tensions are lowering energy prices and inflation risks, yet the drop in crude has so far failed to revive appetite for technology shares as concerns over AI spending and stretched valuations persist.

Iranian President Masoud Pezeshkian said his government had been granted more authority by the country’s supreme leader to pursue peace talks, while President Donald Trump hinted at progress in negotiations.

“They want to make a deal, and that could happen,” Trump told reporters in Washington. He added that oil prices had fallen because “it looks like that’s coming together very nicely” and “people found out about it.”

Moments later, Trump mouthed “No” when a reporter shouted a question about whether he would resume military strikes on Iran after Tuesday’s midterm elections.

About the Author

For about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics. We bring the latest updates on all the listed companies on BSE and NSE, startups, mutual funds, Union ministries, geopolitics, and untapped human interest stories from around the world, helping our readers to stay informed on the latest developments around the globe. Our Coverage Areas 1. Companies: Comprehensive news and analysis on listed and unlisted companies, corporate announcements, corporate chatter, C-suite, business trends, hiring alerts, layoffs, work-life balance, world's top billionaires and richest and more. 2. Personal finance: Insights into mutual funds, small savings schemes like - PPF, SSY, post office savings scheme, stock to watch, personal loans, credit cards, top bank FDs, real estate, income tax and more. 3. Politics: Comprehensive coverage of general elections, state elections and bypolls, Lok Sabha, Vidhan Sabha, Parliament, PMO, PIB, finance ministry, home ministry, among other union ministries and government departments. 4. National News: From metro cities like Delhi, Mumbai, and e to untapped stories from rural India, we cover human interest, health, education, crime and courts, and law and order, among other areas of public interest. 5. Economy: In-depth analysis of India's macro and micro-economic indicators like- GDP, inflation, forex, fiscal deficit, current account deficit, interest rate cycle, economic recovery, RBI circulars, indirect taxes, GST, Insolvency and Bankruptcy imports, exports and everything that impacts Indian economy. 6. Geopolitics: Well-rounded and deeply researched coverage on US News, Oval Office European Union, Ukraine Russia War, middle-east crisis, royal families and global leaders like - Donald Trump, Vladimir Putin, Kim Jong Un, Xi Jinping and premiers of other leading economies in the world. Meet the Team 1. Gulam Jeelani, Political Affairs Editor 2. Sugam Singhal, Senior Assistant Editor 3. Chanchal, Assistant Editor 4. Sanchari Ghosh, Chief Content Producer 5. Pratik Prashant Mukane, Chief Content Producer 6. Sayantani Biswas, Chief Content Producer 7. Ravi Hari, Deputy Chief Content Producer 8. Garvit Bhirani, Deputy Chief Content Producer 9. Akriti Anand, Senior Content Producer 10. Jocelyn Felix Fernandes, Senior Content Producer 11. Swastika Das Sharma, Content Producer 12. Mausam Jha, Content Producer 13. Riya R Alex, Trainee Content Producer