Huge fall in the prices of petrol and diesel! These are the new rates from January 17 Petrol Diesel Price Update – StudyToper

petrol diesel price update: There was no change in the prices of petrol and diesel for a long time. But now suddenly there has been a huge decline in their prices. There has been a significant reduction in the prices of petrol and diesel from January 17, 2025, which has brought great relief to the general public. The reason for this decline is the decline in crude oil prices in the international market.

In this article we will give detailed information about the new prices of petrol and diesel. We will also tell you what will be the impact of this fall and how the prices may be in future. So let us know everything about the new rates of petrol and diesel.

New prices of petrol and diesel

From January 17, 2025, the prices of petrol and diesel have decreased by an average of Rs 5 per liter. This fall is the biggest fall in the last several months. Let’s take a look at the new rates of petrol and diesel in major cities:

Reasons for fall in fuel price

There are many reasons behind this big fall in the prices of petrol and diesel:

• Reduction in crude oil prices in the international market: In the last few weeks, crude oil prices have come down from $71 per barrel to $65 per barrel.
• Strengthening of Rupee: Rupee has strengthened against the dollar, which has reduced the import cost.
• Tax reduction by the government: Central and state governments have reduced the tax on petrol and diesel.
• Margin cuts by oil companies: Government oil companies have reduced prices by cutting their profits.

Determination of prices of petrol and diesel

Petrol and diesel prices in India are decided under dynamic fuel pricing. Under this, prices are changed every day at 6 am. The following factors play an important role in determining prices:

• international crude oil prices
• rupee-dollar exchange rate
• Taxes imposed by central and state governments
• margins of oil companies
• transportation cost

Effect of decline in Petrol-Diesel price

This huge fall in fuel prices will have a wide impact:

• Reduction in inflation: Due to cheaper petrol and diesel, transportation cost will reduce, which will also reduce the prices of other goods.
• Relief to the common man: This is a big relief for the drivers. Their monthly expenses will be less.
• Boost to business: Business and industries will benefit from reduced transport costs.
• Positive impact on the economy: Cheaper fuel will reduce production costs and increase economic activities.

Petrol and diesel rates in different states

Prices of petrol and diesel vary in different states. The main reason for this is the difference in taxes imposed by state governments. Let us see the new rates of petrol and diesel in some major states:

Uttar Pradesh

• Petrol: Rs 94.86/litre
• Diesel: Rs 89.75/litre

Madhya Pradesh

• Petrol: Rs 107.70/litre
• Diesel: Rs 92.72/litre

Rajasthan

• Petrol: Rs 104.71/litre
• Diesel: Rs 94.45/litre

Gujarat

• Petrol: Rs 94.49/litre
• Diesel: Rs 90.14/litre

Maharashtra

• Petrol: Rs 104.94/litre
• Diesel: Rs 92.58/litre

Tips to take advantage of the fall in fuel prices

To take maximum advantage of this fall in petrol and diesel prices, you can follow these tips:

• Fuel Efficient Driving: Drive your vehicle in a fuel efficient manner. This will reduce fuel consumption.
• Regular Maintenance: Get regular maintenance of the vehicle done. This will improve mileage.
• Check tire pressure: Fill tires with proper air. More or less air increases fuel consumption.
• Car Pooling: Car pooling if possible. This will save both fuel and money.
• Use of public transport: Use public transport where possible.

Future prices of petrol and diesel

Experts believe that the prices of petrol and diesel may remain stable in the coming time. However, this will depend on several factors:

• Crude oil prices in the international market: If crude oil prices remain stable then domestic prices will also remain stable.
• Rupee situation: If the rupee remains strong then there will be less pressure on prices.
• Government Policies: If the government cuts taxes further, prices may fall further.
• Global Economic Conditions: The condition of the global economy will also affect prices.

fuel price tracker apps

The prices of petrol and diesel change daily. Here are some mobile apps you can use to track these prices:

• Mera Petrol: This app gives information about petrol and diesel prices in all cities of India.
• Fuel Price India: With this app you can see live prices of your city.
• Daily Fuel Price: This app shows daily updated prices.
• Petrol Diesel Rate: With this app you can compare prices.

Government’s stand on petrol and diesel prices

Regarding this reduction in the prices of petrol and diesel, the government has said that this is a decision taken in public interest. The government says that:

• This cut has been made to provide relief to the common man.
• This will curb inflation.
• The economy will gain momentum.
• The government will continue to keep an eye on prices and take action if necessary.

conclusion

This fall in the prices of petrol and diesel is a big relief for the general public. This will not only reduce people’s expenses but will also give impetus to the economy. However, it is important to note that these prices are dynamic and subject to change. Therefore, one should keep checking the prices from time to time.

Disclaimer:This article has been written for information purposes only. The prices of petrol and diesel keep changing daily. So contact official sources for accurate and updated information.