Ethanol-Free Petrol Prices in India

New Delhi, November 12: Petrol prices in India have been updated, with ethanol-free petrol now priced at ₹167.35 per litre. The cost of petrol containing 20% ethanol, known as E20, is set at ₹102.12 per litre. Additionally, Indian Oil’s XP95 petrol, which includes only 5% ethanol, is available for ₹109.24 per litre. The price of regular diesel stands at ₹95.20 per litre.

Regional Price Variations

Port Blair offers the cheapest petrol in the country at ₹88.66 per litre, while diesel is priced at ₹84.56 per litre. In contrast, Chittoor in Andhra Pradesh has the highest petrol price at ₹118.34 per litre, with diesel costing ₹106.06 per litre.

Price Stability Since May

Since May 2026, petrol and diesel prices have increased only four times, by ₹7.50 per litre each time, reflecting an overall rise of approximately 8 to 8.50 percent since the onset of the war. Notably, private fuel retailers like Naira Energy and Jio-BP raised petrol prices by ₹5 per litre and diesel by ₹3 per litre last month.

Future Price Predictions

According to Ritesh Kumar Sahu, Senior Manager of Commodity Research at Kotak Neo, crude oil prices may continue to weaken in the coming months, largely influenced by geopolitical events. Currently, Brent crude is trading between $84 and $103 per barrel. If prices remain above $84, they could rise to $90 and then $102.50. Conversely, if they fall below $84, prices could drop to $78 and eventually to $71.8.

Impact of Global Oil Prices

Ajay Srivastava, founder of Global Trade Research Initiative (GTRI), noted that the decline in crude oil prices, which have dropped by 24% from $118 to $90 per barrel, could provide relief for India. This drop may reduce the country’s oil import expenses and decrease the demand for dollars to meet energy needs, potentially benefiting the Indian rupee.