Petrol-Diesel Prices: Petrol and diesel prices set to drop... Union Minister's statement brings relief to the common man; check today's rates.
Petrol-Diesel Rates: After several recent hikes, fuel prices in India remained largely stable on June 9. Although there were no new changes in prices today, petrol and diesel continue to sell at high levels.
Petrol-Diesel Rates Today (June 9): Amidst pressure on the energy supply chain due to the ongoing conflict in West Asia, India officially launched E85 fuel—a significant step in the country's ethanol blending program. Meanwhile, no changes were observed in petrol and diesel prices across the country.
Regarding petrol, the highest price is in Hyderabad at ₹115.72 per liter, followed by Thiruvananthapuram at ₹115.49 per liter. Among the four major metros, petrol prices remained stable at ₹102.12 and ₹113.47 per liter in New Delhi and Kolkata, respectively, while prices in Mumbai and Chennai saw a marginal increase of 3 paise and 4 paise per liter, reaching ₹111.21 and ₹107.88 per liter, respectively.
City-wise petrol and diesel prices
| City | Petrol Price (Per Litre) | Diesel Price (Per Litre) |
|---|---|---|
| Delhi | ₹102.12 | ₹95.20 |
| Mumbai | ₹111.21 | ₹97.83 |
| Kolkata | ₹113.51 | ₹99.82 |
| Noida | ₹102.12 | ₹95.56 |
| Gurugram | ₹103.32 | ₹95.51 |
| Patna | ₹113.35 | ₹99.36 |
| Pune | ₹111.52 | ₹98.15 |
What did the Petroleum Minister say?
Meanwhile, Indian consumers troubled by rising fuel prices may find some relief in the coming months. Petroleum and Natural Gas Minister Hardeep Singh Puri stated that oil prices are unlikely to remain at their current high levels for a "very long time" and are expected to decrease in the coming months.
His statement comes at a time when the global energy market is under pressure due to tensions involving Iran. This situation has disrupted oil and gas supplies and pushed crude oil prices close to the $100 per barrel mark. Rates Likely to Drop Despite Tensions
According to a Reuters report, Puri told CNN-News18 that oil and gas prices are likely to decrease in the coming months, despite current geopolitical tensions.
Global crude oil prices have surged sharply following the impact of the conflict on shipments passing through the Strait of Hormuz—one of the world's most critical energy routes. Before the conflict began, approximately one-fifth of the global oil and gas supply passed through this narrow waterway. However, the minister expressed confidence that the current price levels are unlikely to persist for the long term.
