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February 22, 2024

Petrol, diesel prices on May 18: What are the latest rates in your city?

Petrol and diesel prices have largely remained unchanged in major cities on Thursday, according to goodreturns.com. Fuel rates in major cities including Delhi, Mumbai, Kolkata and Chennai have remained same since May 21 last year, when the previous pan-India revision to fuel prices was done.

Check out petrol, diesel price in your city today.(REUTERS)
Check out petrol, diesel price in your city today.(REUTERS)

People in Delhi will have to continue to pay 96.72 for a litre of petrol and 89.62 for an equal quantity of diesel. while people in Mumbai must pay 106.31 and 94.27 respectively.

However, fuel price in places including NCR and few cities in Uttar Pradesh have seen minor changes. For example, cost of one litre petrol in Gurugram has gone down 21 paise, as opposed to Noida where price increased 31 paise. Cost of one litre petrol in Lucknow decreased 26 paise.

Here are the rates, meanwhile, for other major cities:

Cities Petrol (per litre) Diesel (per litre)
Bengaluru 101.94 87.89
Chennai 102.63 94.27
Jaipur 108.08 93.36
Kolkata 106.03 92.76
Lucknow 96.36 89.56
Noida 96.69 89.86
Gurugram 97.10 89.96
Patna 107.24 94.04
Chandigarh 96.20 84.26

How do OMCs determine fuel prices?

OMCs such as Indian Oil, Bharat Petroleum and Hindustan Petroleum review and determine petrol and diesel prices on a daily basis. These are determined in accordance with the price of crude oil throughout the world.

Why fuel prices vary across states?

The rates for each day, whether new or unchanged, are announced at 6 am on the day . These, however, vary from state-to-state; this is due to criteria such as Value Added Tax (VAT), freight charges, local taxes etc.

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