On Monday, oil marketing companies (OMCs) kept fuel rates across major cities unchanged, making it almost one year (May 21, 2022) since the previous pan-India revision to petrol and diesel prices.
This, therefore, means that in Delhi, a litre each of petrol and diesel continues to be available for ₹96.72 and ₹89.62 respectively, and the corresponding prices in Mumbai are ₹106.31 and ₹94.27. In Kolkata, meanwhile, a customer must continue to shell ₹106.03 for a litre of petrol, and ₹92.76 for an equal quantity of diesel. For Chennai, the prices remain at ₹102.63 for 1 litre of petrol and ₹94.24 for 1 litre of diesel.
Fuel prices in other cities on May 1, 2023
| City | Petrol ( ₹per litre) | Diesel ( ₹per litre) |
| Ahmedabad | ₹96.98 | ₹105.96 |
| Hyderabad | ₹109.66 | ₹97.82 |
| Jaipur | ₹108.78 | ₹93.72 |
| Lucknow | ₹96.57 | ₹89.76 |
| Noida | ₹96.58 | ₹89.82 |
| Patna | ₹107.95 | ₹94.04 |
| Pune | ₹105.96 | ₹92.48 |
How fuel prices are determined in India?
OMCs such as Indian Oil, Bharat Petroleum and Hindustan Petroleum review petrol and diesel ratees on daily basis. These are determined in accordance with the price of crude oil throughout the world.
Why fuel prices vary across states?
This is due to criteria such as Value Added Tax (VAT), freight charges, local taxes etc. The rates, meanwhile, whether new or unchanged, are announced at 6 am each day.
