Petrol and Diesel Prices

Petrol and Diesel Prices Today: No Change in Fuel Rates Amid Global Oil Fluctuations

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New Delhi, May 19 – Fuel prices in India remained unchanged on Monday, maintaining over a year-long trend of price stability despite frequent global crude oil fluctuations. While the government recently increased excise duties on fuel, this has not yet impacted the retail prices of petrol and diesel for Indian consumers.

Petrol and Diesel Prices

Petrol and Diesel Rates in Major Cities

As of today, here are the latest fuel prices across key Indian metros:

  • Delhi:

    • Petrol: ₹94.72/litre

    • Diesel: ₹87.62/litre

  • Mumbai:

    • Petrol: ₹103.44/litre

    • Diesel: ₹89.97/litre

  • Chennai:

    • Petrol: ₹100.76/litre

    • Diesel: ₹92.35/litre

  • Kolkata:

    • Petrol: ₹104.95/litre

    • Diesel: ₹91.76/litre

  • Ghaziabad:

    • Petrol: ₹94.89/litre

    • Diesel: ₹88.03/litre

  • Noida:

    • Petrol: ₹94.87/litre

    • Diesel: ₹88.01/litre

  • Gurugram:

    • Petrol: ₹94.98/litre

    • Diesel: ₹87.85/litre

Price Stability Despite Global Volatility

India has maintained stable fuel prices for over a year, even as international crude oil markets have shown significant price volatility. The most recent excise duty revision by the government has not yet translated into higher retail fuel costs.

How Fuel Prices Are Determined

Fuel prices in India are revised daily at 6 AM based on global crude oil prices and foreign exchange rates. State taxes, central excise duty, VAT, and dealer commissions are added to the base price, making the final consumer price nearly double the crude value.

While this formula often leads to price variations, state-run oil companies have kept fuel rates steady, possibly to avoid burdening consumers amid inflationary pressures.

Author Profile

Ganpat Singh Chouhan
Ganpat Singh Chouhan
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.