Petrol Diesel Price Today: Prices of petrol and diesel remained unchanged for the ninth consecutive day throughout the nation on Tuesday, May 31, 2022.
The worth of petrol in Delhi stands at Rs 96.72 per litre whereas that of diesel is at Rs 89.62. In Mumbai, petrol at the moment prices Rs 111.35, whereas diesel is retailing at Rs 97.28, knowledge obtainable on Indian Oil Corporation’s web site confirmed.
During the month of May, the charges of each the important thing auto fuels have been revised solely on May 22 when Finance Minister Nirmala Sitharaman introduced a minimize in excise obligation on petrol by 8 per litre, and 6 rupees per litre on diesel. Following the federal government’s determination petrol worth was minimize by Rs 8.69 per litre whereas diesel was lowered by Rs 7.05 within the nationwide capital.
Petrol and diesel costs within the nation differ from state to state relying on the native taxation (VAT) and freight prices. Apart from this, the central authorities prices an excise obligation on auto fuels.
Best of Express PremiumPremiumPremiumPremiumPremium
Generally, the OMCs revise charges of petrol and diesel every day based mostly on the common worth of benchmark gasoline within the worldwide market within the previous 15-days and overseas change charges.
In the worldwide market, oil costs prolonged positive aspects on Tuesday after the EU agreed to slash oil imports from Russia, fuelling worries of a tighter market already strained for provide amid rising demand forward of peak US and European summer season driving season, information company Reuters reported.
Brent crude for July, which expires on Tuesday, rose $1.13 to a contemporary two-month high of $122.80 a barrel at 0359 GMT. The extra lively August contract rose $1.34 to $118.94. US West Texas Intermediate (WTI) crude futures have been buying and selling at $118.25 a barrel, up $3.18 from Friday’s shut. There was no settlement on Monday as a result of a US public vacation, the report stated.
Here’s what you pay for a litre of petrol and diesel in your metropolis on Tuesday, May 31, 2022:
City
Petrol (Rs/litre)
Diesel (Rs/litre)
New Delhi
96.72
89.62
Mumbai
111.35
97.28
Kolkata
106.03
92.76
Chennai
102.63
94.24
Bengaluru
101.94
87.89
Hyderabad
109.66
97.82
Patna
107.24
94.04
Bhopal
108.65
93.90
Jaipur
108.48
93.72
Lucknow
96.57
89.76
Thiruvananthapuram
107.71
96.52
Source: Indian Oil Corporation