Petrol, Diesel Prices on May 31: Has your city’s fuel rate changed? Check how much you’ll pay in Delhi, Mumbai, Bengaluru, Kolkata and other cities
Why Did Gasoline and Diesel Prices Increase?
The latest revision marked the fourth increase in fuel prices in less than two weeks. Petrol and diesel prices have been increased by around Rs 7.50 per liter since May 15.
The increase follows a rise in global crude oil prices due to disruptions in energy supplies from West Asia. Since India is largely dependent on crude oil imports from Gulf countries, domestic fuel prices become sensitive to international market movements.
Oil Prices in Major Cities of India Today
Here are the latest gasoline prices as of May 31:
- Delhi: Rs 102.12 per liter
- Mumbai: 111.21 rupees per liter
- Kolkata: Rs 113.47 per liter
- Chennai: Rs 107.77 per liter
- Bengaluru: Rs 110.91 per liter
- Hyderabad: Rs 115.69 per liter
- Patna: Rs 113.70 per liter
- Jaipur: Rs 112.98 per liter
- Bhubaneswar: Rs 108.97 per liter
- Lucknow: Rs 101.86 per liter
- Noida: Rs 102.38 per liter
- Gurugram: Rs 102.62 per liter
- Chandigarh: Rs 101.51 per liter
- Thiruvananthapuram: Rs 115.39 per liter
Diesel Prices Today in Major Cities of India
Latest diesel prices as of May 31:
- Delhi: Rs 95.20 per liter
- Mumbai: 97.83 rupees per liter
- Kolkata: Rs 99.82 per liter
- Chennai: Rs 99.58 per liter
- Bengaluru: Rs 98.80 per liter
- Hyderabad: Rs 103.82 per liter
- Patna: Rs 99.70 per liter
- Jaipur: Rs 98.06 per liter
- Bhubaneswar: 100.68 rupees per liter
- Lucknow: Rs 95.36 per liter
- Noida: Rs 95.85 per liter
- Gurugram: Rs 95.30 per liter
- Chandigarh: Rs 86.47 per liter
- Thiruvananthapuram: Rs 104.19 per liter
How Much Did Gasoline and Diesel Prices Increase on May 25?
During the last revision, petrol prices increased by Rs 2.61 per litre, while diesel prices increased by Rs 2.71 per litre.
Petrol price in Delhi increased from Rs 99.51 to Rs 102.12 per liter. Diesel price increased from Rs 92.49 to Rs 95.20 per litre.
Why is Fuel Demand Increasing Despite High Gasoline and Diesel Prices?
Fuel demand remains strong despite rising gasoline prices and diesel prices today, government officials said.
The increase in consumption is driven by agricultural activities and purchases from private fuel retailers to state-run gasoline pumps, where prices remain relatively low.
While there was an increase of over 30 percent in gasoline sales in more than 150 districts, there was an increase of over 30 percent in diesel sales in more than 150 districts.
Fuel Price Outlook
The future movement of gasoline prices and diesel prices will largely depend on international crude oil trends and global supply conditions. Any disruption in oil-producing regions could impact fuel prices in India in the coming weeks.
Motorists are advised to follow daily updates on gasoline prices and diesel prices today as oil companies continue to monitor global market developments.
