PNG Prices in Simdega On 25-Jun-2026 Drop to Rs. 56.89 Amid Crude Slide
PNG price in Simdega on 25-Jun-2026 stands at Rs. 56.89.
This reflects a decrease compared to prices in the previous months.
Oil prices have extended losses, largely influenced by the stabilization of the Strait of Hormuz following an agreement to end the U.S.-Israeli war with Iran.
Brent crude has dropped below $73 a barrel for the first time since February, impacting the PNG price.
The oil market is adjusting as over 20 million barrels have moved through the strait, alleviating initial supply concerns.
Despite the recent drop in prices, analysts caution that rebuilding global oil inventories will take time, affecting PNG pricing stability.
While comparing with prices in the last 10 months in Simdega, the highest PNG rate is recorded at Rs. 104.50, in August 2025.


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