Fuel prices continue their flat streak for more than a month on Saturday, May 21. Petrol and diesel prices were raised by Oil Marketing Corporations (OMCs) by Rs 10 per liter in 14 hikes that occurred between March 22 and April 6. Now, fuel prices are expected to rise even more. Union Minister Rameswar Talley, who holds the Ministry of Labor and Employment and the Ministry of Petroleum and Natural Gas, hinted that citizens may soon see a rise in fuel prices. He recently stated that the government cannot control gasoline and diesel prices unless the state increases oil production. His statement came with rising inflation and recent fuel price hikes. Petrol and diesel prices have gone up in various cities of India since assembly elections ended in Manipur, Uttar Pradesh, Punjab, Uttarakhand and Goa.
If you were a petrol consumer in Delhi, you would pay 105.41 rupees per liter, while diesel consumers in the national capital would pay 96.67 rupees per liter. In Mumbai, gasoline is sold at 120.51 rupees per liter and diesel is sold at 104.77 rupees per liter. The retail price of a liter of petrol in Kolkata on Saturday is Rs 115.12 while the retail price of one liter of diesel in the state capital of West Bengal is Rs 99.83. In Chennai, petrol is priced at Rs 110.85 per liter while diesel is retailing at Rs 100.94 per liter in the capital, Tamil Nadu.
The review of petrol and diesel prices is a regular process conducted by public sector OMCs such as Hindustan Petroleum Corporation Ltd (HPCL), Indian Oil Corporation Ltd (IOCL) and Bharat Petroleum Corporation Ltd (BPCL). The fuel price revisions by OMCs are influenced by several factors including international crude oil prices and foreign exchange rates. Within a country, gasoline and diesel prices vary from state to state as they are affected by local factors such as local taxes, value-added tax (VAT), and freight charges, among others.
Petrol and diesel prices on Saturday 21 May in Delhi, Chennai and other major cities in India:
Gasoline – 105.41 rupees per liter
Diesel – Rs 96.67 per liter
Gasoline – 120.51 rupees per liter
Diesel – 104.77 rupees per liter
Gasoline – 115.12 rupees per liter
Diesel – 99.83 rupees per liter
Gasoline – 110.85 rupees per liter
Diesel – Rs 100.94 per liter
Gasoline – 118.14 rupees per liter
Diesel – 101.16 rupees per liter
Gasoline – 119.49 rupees per liter
Diesel – 105.49 rupees per liter
Gasoline – 111.09 rupees per liter
Diesel – Rs 94.79 per liter
Gasoline – 105.66 rupees per liter
Diesel – 91.40 rupees per liter
Gasoline – 105.25 rupees per liter
Diesel – Rs 96.83 per liter
Gasoline – 105.29 rupees per liter
Diesel – 99.64 rupees per liter
Gasoline – 117.19 rupees per liter
Diesel – 103.95 rupees per liter
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