This paper puts forward a reduced oscillation based perturb and observe (ROP&O) maximum power point (MPP) tracking (MPPT) technique to mitigate the probability of loss of tracking direction and to reduce oscillations around MPP when the solar photovoltaic (PV) array is subjected under periodically changing irradiance. The proposed technique retains the structure of conventional perturb and observe (P&O) technique additionally incorporating a unique structure of dynamic step sizing, along with proportional-integral (PI) controller which potently alters the duty cycle (𝐷) of the DC-DC boost power converter (BPC). The ROP&O MPPT technique is compared with conventional P&O and incremental conductance (IC) schemes in terms of tracking efficacy (𝜂), ripples in PV voltage and PV current, convergence time, and the error rates. The efficacy of the proposed scheme lies between 99.06% to 99.80%. Moreover, the time to obtain MPP is 0.018 sec. which is about five times faster than the P&O technique and fifteen times faster than the IC technique. Also, the proposed MPPT technique is benchmarked using three-phase grid integration, and the power quality of the grid current is observed in terms of total harmonic distortion (THD).