LPG CNG Price Today: LPG and CNG Prices Remain Unchanged - Check Now
As of September 16, 2024, there has been no change in the prices of petrol, diesel, domestic LPG, and CNG in India. The price of petrol remains at ₹103.44 per liter, and diesel is priced at ₹89.97 per liter. Similarly, the price of a domestic LPG cylinder (14.2 kg) remains steady at ₹802.50, unchanged since March 2024. Over the past few months, no significant fluctuations have been observed in these fuel prices.
LPG CNG Price Today: Petrol and Diesel Prices
In India, petrol and diesel prices are influenced by several key factors, including international crude oil prices, domestic tax structures, and currency exchange rates. Currently, the price of petrol stands at ₹103.44 per liter, and diesel at ₹89.97 per liter, both of which have remained unchanged for the last two months. This stability has been maintained since June 29, 2024, when the last price change occurred.
Petrol and diesel prices in India tend to be higher than in neighboring countries due to the high taxes imposed by the government. In addition, fluctuations in the international crude oil market also impact domestic fuel prices. At present, Indian consumers are benefiting from stable petrol and diesel prices, but future changes in the global oil market may affect domestic rates.
LPG CNG Price Today: Domestic LPG (14.2 kg) Price
As of today, the price of a domestic LPG cylinder (14.2 kg) stands at ₹802.50. This price has remained unchanged since March 2024. Over the past 12 months, there has been a cumulative reduction of ₹100 in the price of LPG, with the most significant decrease of ₹100 occurring in March 2024.
In India, the price of domestic LPG is determined by state-run oil companies and is revised on a monthly basis. Almost all households in India have an LPG connection, primarily used for cooking purposes. Any increase in LPG prices directly affects the common man, as they are forced to bear the rising fuel costs.
However, the Government of India currently provides a subsidy on the sale of domestic LPG cylinders. The subsidy amount is credited directly to the consumer's bank account after purchasing the cylinder. The subsidy varies each month and is dependent on the changes in international LPG prices and exchange rates.
LPG CNG Price Today: CNG Prices
The price of Compressed Natural Gas (CNG) in India is determined by the government and is based on the global prices of natural gas, which India imports from other countries. India imports more than 50% of its natural gas to meet domestic demand, and the cost of imported gas is often double the domestic price.
Any fluctuation in the international natural gas market has a direct impact on domestic CNG prices. Despite this, the use of CNG in India is increasing rapidly as more people become aware of the need to protect the environment. Many consumers are switching to CNG-powered vehicles as CNG is considered to be less harmful to the environment compared to petrol and diesel. The government is also promoting the use of CNG as an alternative fuel.
Fuel prices, including petrol, diesel, LPG, and CNG, have remained stable in India. The price of petrol is ₹103.44 per liter, diesel is ₹89.97 per liter, and domestic LPG remains at ₹802.50. CNG prices are dependent on international natural gas prices, but no major changes have been observed recently.
In the coming months, any changes in the global oil and gas market may impact fuel prices in India. Consumers should stay updated on these changes to effectively manage their fuel expenses.
