petrol-diesel
Petrol Diesel Price Today: There has been no change in the prices of petrol and diesel across the country on Sunday (14 June 2026). Oil companies (OMCs) have continuously kept the prices stable. Earlier on May 25, the prices of both petrol and diesel were increased by more than Rs 2.50 per liter.
What is the price of petrol and diesel in which state?
How expensive did petrol and diesel become in 1 month?
There has been a continuous increase in fuel prices during the last one month. From May 15 till now, the prices of petrol and diesel have increased by a total of about Rs 7.5 per liter. After the cut of Rs 2 per liter in March 2024, fuel prices remained stable for almost two years, but after the recent increase, the prices of petrol and diesel have reached the highest level since May 2022.
What is the main reason for oil becoming expensive?
Due to the US-Iran war, the ‘Strait of Hormuz’, one of the world’s most important maritime oil routes, has been affected. This route is considered very important for the supply of crude oil and gas globally. However, in recent times there have been reports that talks between America and Iran are progressing and an agreement can be reached on normal reopening of the Strait of Hormuz. It is believed that an important decision can be taken in this direction during the meeting of G7 countries to be held next week. Nevertheless, there is uncertainty in the market in view of the ongoing tough stance between the two countries.
Adequate oil stock in India
Union Petroleum and Natural Gas Minister Hardeep Singh Puri said on Saturday that there is no shortage of fuel. He said that despite the tensions related to Iran, the supply of crude oil in India is completely normal and sufficient. India currently has more than 60 days of crude oil reserves to meet its energy needs.
The price of petrol and diesel changes daily
Petrol and diesel prices in India change every day since June 2017. This is called Dynamic Fuel Pricing System. petrol and diesel New prices are released every day at 6 am. Earlier their prices were changed every 15 days. Many things affect fuel prices. These include the exchange rate of rupee and US dollar, price of crude oil, international market conditions and fuel demand. When the price of crude oil increases across the world, petrol and diesel become expensive in India too.
How are the prices of petrol and diesel decided?
The price of petrol and diesel not only includes the cost of oil, but it also includes excise duty of the central government, VAT of the state government and dealer’s commission. VAT rate varies from state to state. After adding all these taxes and duties, the final retail price of petrol almost doubles.
Also read- Which countries will benefit the most once the Strait of Hormuz opens?
