Petrol, Diesel Prices Hiked Again After 2-Day Pause; Petrol Crosses Rs 93 In Delhi
Petrol, diesel prices today: Petrol and diesel prices have been hiked across the metros on Friday, May 20, after a gap of two days. In Delhi, petrol prices have been increased by 19 paise from Rs 92.85 per litre to Rs 93.04 per litre and diesel rates have been hiked by 29 paise from Rs 83.51 per litre to Rs 83.80 per litre, according to Indian Oil Corporation. Petrol and diesel prices are the highest in Mumbai. In Mumbai, the revised petrol prices stand at Rs 99.32 per litre and diesel is sold at Rs 91.01 per litre, according to the state-run oil refiner.Â
The fuel prices have been hiked 11 times since May 4, when the state-owned oil companies ended a hiatus in rate revision that was observed during assembly elections. Petrol and diesel prices vary across states due to the value-added tax or VAT. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)
Below are the latest petrol and diesel prices across four metro cities:
| City | Petrol | Diesel |
|---|---|---|
| Delhi | 93.04 | 83.80 |
| Mumbai | 99.32 | 91.01 |
| Chennai | 94.71 | 88.62 |
| Kolkata | 93.11 | 86.64 |
| Source: Indian Oil | ||
The state-run oil marketing companies including Indian Oil Corporation (IOC), Bharat Petroleum, and Hindustan Petroleum align the rates of domestic fuel with the global crude oil prices by taking into account changes in the foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day.
Meanwhile, oil prices fell more than 2 per cent on Thursday, marking a third day of losses, after diplomats said progress was made toward a deal to lift U.S sanctions on Iran, which could boost crude supply.
Brent crude fell $1.55, or 2.3 per cent, to settle at $65.11 a barrel and West Texas Intermediate crude ended $1.31, or 2.1 per cent, lower at $62.05 a barrel.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
