The Economic Survey stated that the global energy price index experienced a sharp decline in FY24. At the same time the Central Government cuts prices for LPG petrol and diesel. As a result retail fuel inflation stays low in FY24. The survey provided in details about the govts efforts to reduce fuel prices. Economic Survey On LPG Cylinders Price In August 2023 the price of domestic LPG cylinders was reduced by Rs 200 per cylinder across all markets in India. Since then LPG inflation has been in the deflationary zone starting from September 2023. Economic Survey On Petrol Diesel Price Survey added that in March 2024 the Central Government lowered the prices of petrol and diesel by Rs 2 per litre. As a result of that retail inflation in petrol and diesel used in vehicles also moved to the deflationary zone in March 2024.
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