Petrol Diesel Prices Today: New Rates Released For November 2 After Windfall Tax Changes

New Delhi: There is relief news for the common people on November 2 regarding the prices of petrol and diesel in the country. Government oil companies have released new rates of petrol and diesel for Monday. There has been no change in prices at petrol pumps of IOCL, HPCL and BPCL even today. This means that currently the drivers are getting petrol and diesel at the old prices only.

Meanwhile, the Central Government has made changes in the windfall tax imposed on the export of petroleum products. Tax on export of petrol has been reduced to zero, while export duty on diesel has been increased by Rs 3 to Rs 11.50 per litre. However, this decision will not have a direct impact on domestic petrol and diesel prices.

How much is petrol and diesel available per liter in your city today?

Today in the capital Delhi, the price of one liter petrol is stable at Rs 102.12 and the price of diesel is stable at Rs 95.20. At the same time, for premium petrol XP95 you will have to pay Rs 109.24 and for XP100 you will have to pay Rs 167.35 per liter.

In Lucknow, the capital of Uttar Pradesh, petrol is being sold at Rs 102.05 and diesel at Rs 99.28 per liter. At present there is no change in prices in these cities also.

Where is the cheapest and most expensive petrol available in the country?

The cheapest petrol and diesel in the country are still available in Port Blair of Andaman and Nicobar. Here the price of petrol is Rs 88.66 and the price of diesel is Rs 84.56 per liter.

At the same time, the most expensive petrol is being sold in Chittoor, Andhra Pradesh. Here one has to spend Rs 118.34 for one liter petrol and Rs 106.06 for diesel.

It is noteworthy that in May 2026, the prices of petrol and diesel were increased four times. After this, there was a total increase of Rs 7.50 per liter in the prices of both the fuels.

How much did crude oil prices fall?

Crude oil prices softened in the international market on Monday morning. At around 6 am, Brent crude was trading at 111.78 dollars per barrel, down by 1.65 dollars. At the same time, American crude oil WTI also became cheaper by 1.68 dollars and reached 102.44 dollars per barrel.

However, there remains uncertainty in the global oil market due to the ongoing war and tension in West Asia.

How much has the economic burden on the government increased?

The West Asia crisis is also affecting India's economy and government treasury. According to estimates, due to this crisis there may be an additional financial burden of about Rs 1.35 lakh crore on the government so far.

Aditi Nair, chief economist of rating agency ICRA, has presented this assessment in an interview to ANI. However, he believes that the government can handle this economic pressure even without cutting expenditure.

At present, it is a matter of relief for the common people that on November 2, the government oil companies have not made any change in the retail prices of petrol and diesel.