Petrol, Diesel & LPG Prices Slashed: In a major relief for consumers, the prices of petrol, diesel, and LPG cylinders have been slashed nationwide.
The sudden reduction in fuel rates has come as a festive gift from the government, bringing smiles to millions of households and vehicle owners.
The new prices have been implemented starting Thursday morning, and the impact is visible at fuel stations across all major cities.
According to oil marketing companies (OMCs), the price cut follows the recent drop in international crude oil prices and government efforts to stabilize inflation.
The latest revision has brought much-needed relief after months of steady prices and rising living costs.
How Much Have Prices Dropped?
As per the new update, petrol prices have been reduced by ₹2.50 per litre, while diesel rates are down by ₹2.30 per litre.
In addition, domestic LPG cylinders have become cheaper by ₹100 per unit, providing major relief to homemakers struggling with high cooking gas costs.
For example:
- Delhi: Petrol ₹96.72/L, Diesel ₹89.62/L
- Mumbai: Petrol ₹106.01/L, Diesel ₹92.45/L
- Chennai: Petrol ₹94.24/L, Diesel ₹88.10/L
- Kolkata: Petrol ₹102.43/L, Diesel ₹90.25/L
(Note: Prices may vary slightly depending on your city and local taxes.)
Why Have Fuel Prices Been Reduced?
The reduction comes amid a decline in global crude oil prices, which fell below $80 per barrel.
In addition, the government is reportedly taking steps to control inflation and support citizens ahead of the festive season.
The move is expected to reduce transportation costs and indirectly lower the prices of essential goods in the coming weeks.
Officials from oil companies have mentioned that further revisions will depend on international market trends and rupee-dollar exchange rates in the coming days.
How to Check Latest Fuel Prices in Your City
You can easily check daily fuel prices via SMS or mobile apps:
- Indian Oil: Type RSP Dealer Code and send to 92249 92249
- Bharat Petroleum (BPCL): Type RSP Dealer Code and send to 92231 12222
- Hindustan Petroleum (HPCL): Type HPPRICE Dealer Code and send to 92222 01122
You can also visit iocl.com for real-time updates.
Conclusion: Petrol, Diesel & LPG Prices Slashed
The sudden reduction in petrol, diesel, and LPG prices is a welcome step that will bring relief to common citizens, transporters, and businesses.
As festive shopping and travel peak across the country, lower fuel rates will ease financial pressure and boost the overall economy.