Have petrol and diesel rates dropped ahead of Rakhi? Check today's latest price per liter.

Petrol and diesel prices in the country have remained stable since May 25. At that time, state-run oil marketing companies (OMCs) had hiked petrol prices by ₹2.61 per liter and diesel prices by ₹2.71 per liter.

A sharp decline in crude oil prices is being observed in the international market following the imposition of new, stringent US sanctions on Iran. State-owned oil marketing companies (OMCs) like IOCL, BPCL, and HPCL are keeping a close watch on these developments. Given this drop in crude oil prices, consumers across the country are wondering if this will lead to a reduction in petrol and diesel prices in the domestic market.

Why aren't petrol and diesel rates coming down?