Archive · 21 Aug 2025
Govt: India's Fuel Prices Fall Despite Crude Oil Volatility
Even though the cost of oil worldwide has gone up, the price of petrol and diesel in India has come down.
The government helped by lowering taxes.
Companies that sell fuel also adjusted their prices.
This is because India buys most of its oil from other countries, so prices change based on what is happening in the world.
The government is also working on using cleaner fuels like ethanol to help the environment.
Retail fuel prices in India have declined despite global crude oil volatility, according to the government.
The government and OMCs adjusted duties and freight costs to aid consumers.
The Centre reduced excise duty in November 2021 and May 2022 to provide relief.
Fuel prices are market-driven, aligning with international trends.
India is transitioning to cleaner energy through ethanol blending and alternative fuels.
- Who
- Union Petroleum and Natural Gas Minister Hardeep Singh Puri, the government, and Public Sector Oil Marketing Companies (OMCs).
- What
- Fuel prices in India and government interventions to manage them.
- When
- Recent years, with price adjustments in November 2021, May 2022, and March 2024.
- Where
- India, particularly in Delhi.
- Why
- To cushion consumers from high global prices and promote cleaner energy.
- Minister
- Hardeep Singh Puri
- Crude Oil Price (March 2022)
- $113 per barrel
- Crude Oil Price (June 2022)
- $116 per barrel
- Petrol Price (Delhi, Nov 2021)
- ₹110.04 per litre
- Diesel Price (Delhi, Nov 2021)
- ₹98.42 per litre
- Petrol Price (Delhi)
- ₹94.77 per litre
- Diesel Price (Delhi)
- ₹87.67 per litre
- Ethanol Blending (July 31, 2025)
- 19.05%
