Petrol and Diesel prices remained sky-high even today. The rates remained consistent for the 26th consecutive day. The last hike in fuel prices was made on April 6, in which the country saw the 14th increase in fuel prices since the ending of an over four month-long hiatus in the revision of rate – 22 March. On the first four occasions, prices were increased by 80 paise a litre. It was followed by an increase in the prices of petrol by 50 paise and 30 paise a litre while diesel prices rose by 55 paise and 35 paise a litre.
Ahead of the Assembly elections in states like Uttar Pradesh and Punjab – during which the cost of raw material (crude oil) soared by about $30 per barrel – prices had been on a freeze. For the last 26 days, the petrol and diesel prices have been following a steady streak. Petrol and diesel price revisions are implemented every day with effect from 6 am. It is the Oil Marketing Companies (OMCs), that revise the fuel prices daily.
The variation in prices depends on – benchmark international crude oil prices and foreign exchange rates. Notably, the revision in petrol prices differs from state to state, as it depends on factors like local taxes, VAT (Value Added Tax), and freight charges, among others.
As far as the fuel rates are concerned, according to a notification issued by OMCs – in Delhi, the Petrol is being sold at Rs 105.41 per litre. Whereas in Mumbai, the petrol rates stood at Rs 120.51 per liter. Diesel prices also remained the same across cities. A liter of diesel is priced at Rs 96.67 in Delhi, while a liter of diesel in Mumbai is sold for Rs 104.77.
In Kolkata, petrol is priced at Rs 115.12 per litre, and a liter of diesel is retailed at Rs 99.83. Petrol in Chennai will cost you Rs 110.85 per litre, while diesel is being sold for Rs 100.94 a litre.
Check out the city-wise list of fuel prices:
Delhi
Petrol – Rs 105.41 per liter
Diesel – Rs 96.67 per liter
Mumbai
Petrol – Rs 120.51 per liter
Diesel – Rs 104.77 per liter
Kolkata
Petrol – Rs 115.12 per liter
Diesel – Rs 99.83 per liter
Chennai
Petrol – Rs 110.85 per liter
Diesel – Rs 100.94 per liter
Bhopal
Petrol – Rs 118.14 per liter
Diesel – Rs 101.16 per liter
Hyderabad
Petrol – Rs 119.49 per liter
Diesel – Rs 105.49 per liter
Bengaluru
Petrol – Rs 111.09 per liter
Diesel – Rs 94.79 per liter
Guwahati
Petrol – Rs 105.66 per liter
Diesel – Rs 91.40 per liter
Lucknow
Petrol – Rs 105.25 per liter
Diesel – Rs 96.83 per liter
Gandhinagar
Petrol – Rs 105.29 per liter
Diesel – Rs 99.64 per liter
Thiruvananthapuram
Petrol – Rs 117.19 per liter
Diesel – Rs 103.95 per liter
Keywords: fuel prices, fuel prices May 02, petrol rates, diesel rates
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