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A petrol, diesel price cut could be coming your way soon. Here's why

Ratings agency ICRA says marketing margins on retail sales of petrol and diesel for the Indian oil marketing companies have improved in the recent weeks with reduction in crude prices

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Petrol price cut: Brent below $80/bbl, is the time ripe for Modi govt to cut fuel prices before elections?

Amid Brent Crude's drop below $80 per barrel, India's Modi government may consider a fuel price reduction before upcoming general elections, aiming to ease the financial burden on consumers. The Bharatiya Janata Party, eyeing a third consecutive term, may leverage the recent decline in oil prices to address living costs, benefiting from state-run oil marketing companies' increased margins.

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Petrol Price Cut: Brent below USD 80/bbl, is the time ripe for Modi govt to cut fuel prices before elections?, ET Auto

Petrol Price Cut: State-run oil marketing companies, which control 90 % of the market, are seeing good times given the sharp decline in oil prices since September 2023. Rating agency ICRA said this sharp decline has upped the OMCs’ marketing margins to INR 11 and INR 6 per litre on petrol and diesel, respectively. They are now reversing the double-digit losses experienced when crude prices inched higher since February 2022.

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Major drop in petrol, diesel prices soon? Finance ministry awaits final nod

A recent report suggests that the fuel prices in India may be cut majorly ahead of the 2024 Lok Sabha elections.

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After the freeze: will we soon get a petrol price cut?

With the Centre netting buoyant tax revenue and global crude prices benign, can consumers hope for a cut in the run-up to the elections next year?

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Petrol Price Hiked in Noida, Greater Noida, Patna: Check Latest Fuel Price in Your City Today

Petrol in Delhi is being sold at Rs 96.72 a litre and diesel at Rs 89.62 a litre.

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Petrol Becomes Cheaper Punjab, Rajasthan, Bengal: Check Latest Fuel Rates in Your State

Petrol has become cheaper by 46 paise and diesel by 43 paise in West Bengal.

Chhattisgarh , India , Kolkata , West-bengal , New-delhi , Delhi , Mumbai , Maharashtra , Chennai , Tamil-nadu , Uttar-pradesh , Haryana

Petrol Prices Slashed in Ghaziabad, Lucknow: Check Latest Fuel Rates in Your City Today

In Delhi, petrol is being sold at Rs 96.72 a litre while diesel is being sold at Rs 89.62 a litre.

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Petrol Becomes Cheaper in Haryana, Punjab, Bengal, Odisha: Check Latest Fuel Prices in Your State

Petrol in Delhi now is being sold at Rs 96.72 a litre and diesel is being sold at Rs 89.62 a litre.

Haryana , India , Odisha , Orissa , Delhi , Madhya-pradesh , Chhattisgarh , Chennai , Tamil-nadu , Kolkata , West-bengal , New-delhi

Petrol Prices Slashed in Gurugram, Lucknow, Patna: Check Latest Fuel Rates in Your City Today

Petrol in Noida became costlier by 6 paise to Rs 96.65, diesel became costlier by 6 paise and is available at Rs 89.82 per litre.

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