Petrol Diesel Price Today 16 January 2026: Petrol price cut by Rs 5, diesel also becomes cheaper, fluctuations in the international market have seen an impact on the domestic market.
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Petrol Diesel Price Today, January 16, 2026 The government has given a significant relief to the general public, who were waiting for relief in petrol and diesel prices. On the occasion of the New Year, the government has decided to reduce the prices of petrol, diesel, and kerosene. This decision is no less than a gift for the general public. This decision will not only provide cheaper fuel to the public but also raise hopes of cheaper daily consumption items. So, let’s find out what the new rates of petrol and diesel are today (What is the price of 1 liter of petrol today?)?
Petrol becomes cheaper by 4 rupees
Petrol Diesel Price Today, January 16, 2026 According to information received, Nepal Oil Corporation has decided to reduce the price of petrol by 4 rupees and diesel by 5 rupees. After the fuel price reduction, petrol has become 159 rupees per liter. After the 5 rupee reduction, diesel is available at 137 rupees per liter. Let us tell you that the new fuel rates have been implemented from January 1, 2026.
Diesel prices also cut by ₹5
It’s worth noting that Nepal’s petrol and diesel sales are divided into three categories, with different rates set for hilly and plain areas. (Which state has cheaper petrol?) The first category includes Charli, Biratnagar, Janakpur, Amlekhganj, Bhalbari, Nepalganj, Dhangadhi, and Birgunj. The second category includes Surkhet and Dang, and the third category includes Kathmandu, Pokhara, and Dipayal.
Today’s rates in major cities in India (January 16, 2026)
| City | Petrol (₹/litre) | Diesel (₹/litre) | shift |
| New Delhi | ₹94.72 | ₹87.62 | steady |
| Mumbai | ₹103.54 | ₹90.03 | steady |
| Kolkata | ₹105.41 | ₹92.02 | steady |
| Chennai | ₹100.93 | ₹92.48 | slight edge |
| Raipur | ₹100.39 | ₹93.44 | steady |
| Lucknow | ₹94.65 | ₹87.80 | steady |
Reason for change in petrol and diesel rates
Domestic fuel prices are directly influenced by international crude oil prices. After a significant drop of more than 4% yesterday (January 15, 2026), the market appears somewhat stable today, January 16, 2026. Current prices are currently hovering around $63.63-$63.76 per barrel.
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