Petrol and Diesel Prices Today: Petrol Price Stability – Will the Relief Continue? - Check Now

Today, the price of petrol across India stands at ₹103.44 per litre. There has been no change in the price compared to yesterday, marking two months of price stability since June 29, 2024. This steady rate reflects the current trends in fuel pricing and its impact on consumers. You can check today’s petrol prices in all states and districts of India and compare them with rates from the previous day, which include state taxes.

The price of petrol in India is influenced by a mix of international crude oil prices, domestic tax structures, and currency exchange rates. Currently, petrol prices in India are significantly higher compared to some neighboring countries, primarily due to the higher taxes imposed on petrol in India.

Diesel Prices: Daily Revisions and Their Impact

The price of diesel across India is ₹89.97 per litre today, with no change recorded from yesterday. Diesel prices have remained unchanged for the past two months, following a steady rate since June 29, 2024. The introduction of daily revisions for diesel prices, effective from June 15, 2017, allows for more transparent and immediate adjustments reflecting day-to-day changes in fuel costs. This system helps to reduce the burden on consumers compared to the previous bi-weekly revision model.

LPG Prices Unchanged: What’s Behind the Stability?

The price of a 14.2 kg domestic LPG cylinder in India is ₹802.50, with no change from last month. The LPG price has been stable at ₹802.50 since March 2024. Over the past 12 months, LPG prices have generally been decreasing, with a notable ₹100 drop from October 2023 to September 2024. The most significant decrease occurred in March 2024.

LPG prices in India are determined by state-run oil companies and are revised monthly. The government provides a subsidy on domestic LPG cylinders, which is directly credited to consumers' bank accounts after purchase. The subsidy amount varies each month based on changes in international benchmark LPG prices and foreign exchange rates.

CNG Prices: Global Trends and Domestic Impact

The prices of Compressed Natural Gas (CNG) in India are influenced by global natural gas prices, as India imports a significant portion of its natural gas. Any fluctuations in international natural gas prices will affect domestic CNG rates. With increased environmental awareness, more people are turning to CNG vehicles as a cleaner alternative. The cost of imported natural gas is substantially higher than domestic rates, impacting the overall price of CNG.

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