Daily Fuel Price Update: Steady Petrol, Diesel, and LPG Prices Across India - Check Now
In today’s update, petrol, diesel, and domestic LPG prices across India remain unchanged. Fuel prices in the country have been relatively stable for the past two months, with no significant fluctuations since late June 2024. This consistency has provided some relief to consumers, even as they continue to monitor the fuel market closely.
Petrol Prices Across India
As of today, the price of petrol in India stands at ₹103.44 per litre, with no changes compared to yesterday. This stability in petrol prices has been maintained since June 29, 2024. For over two months, the price of petrol has remained constant, a significant development given that petrol prices in India are influenced by a mix of global crude oil prices, foreign exchange rates, and taxes levied by both the state and central governments.
The steady petrol prices are observed nationwide, as other states and districts also report no changes in rates during this period. Petrol prices in India include state taxes, which vary by region, leading to price differences across states. However, the overall trend has been stability for the last two months.
Diesel Prices Across India
Similarly, diesel prices in India are holding steady at ₹89.97 per litre, with no change recorded today. The price of diesel has also remained unchanged since June 29, 2024. This extended period of stability in diesel prices can be attributed to several factors, including government regulation, international oil market trends, and the impact of state and central taxes.
Diesel is crucial to India’s transportation and industrial sectors, and its price affects a wide range of economic activities. The stability in diesel prices over the last two months has provided predictability for businesses and consumers alike, reducing uncertainty in fuel-related expenses.
LPG Prices in India
The price of a 14.2 kg domestic LPG cylinder remains unchanged at ₹802.50. The LPG price has been steady since March 2024, with no significant changes in the last six months. Over the past year, LPG prices have shown a declining trend, with the most notable reduction of ₹100 occurring between October 2023 and September 2024.
This stability in domestic LPG prices is a relief for households that depend on LPG for cooking and other purposes. LPG prices in India are influenced by several factors, including the global price of crude oil, government subsidies, and domestic market conditions. Despite fluctuations in international markets, LPG prices in India have remained constant, benefiting consumers.
CNG Prices in India
Unlike petrol, diesel, and LPG, the price of Compressed Natural Gas (CNG) in India is determined by the government. CNG prices are directly tied to global natural gas markets, as India imports more than half of its natural gas to meet domestic demand. Any rise or fall in global natural gas prices has an immediate impact on CNG rates within the country.
With increasing environmental awareness, more people in India are switching to CNG-enabled vehicles due to its eco-friendly properties and cost-effectiveness. The growing demand for CNG is likely to impact future pricing trends as the government continues to balance domestic production with international supply.