Petrol, Diesel Fresh Prices Announced Today; See How Much You Have to Pay for One Litre

Petrol, and Diesel Prices on May 16: Petrol and diesel rates were unchanged on Tuesday, 16 May across New Delhi, Kolkata, Mumbai, and Bengaluru. Petrol rates and diesel rates have been steady over the last eleven months. However, individual cities see fluctuations in their prices every day. There is a jump in the retail prices of petrol and diesel released by the government oil companies on Friday morning. Apart from the cities of NCR, the price of oil has changed in many other cities of UP.

According to government oil companies, petrol fell by 23 paise to Rs 96.53 in Gautam Budh Nagar (Noida-Greater Noida) this morning, while diesel fell by 22 paise to Rs 89.71 a litre. Petrol became costlier by 32 paise in Ghaziabad today and reached Rs 96.58 a litre while diesel has gone up by 30 paise to Rs 89.75 a litre. Petrol price in Gurugram today increased by 9 paise to Rs 97.10 a litre, while diesel has gone up by 15 paise to Rs 89.88 a litre.

At present, petrol in Delhi is being sold at Rs 96.72 a litre while diesel is being sold at Rs 89.62 a litre. Whereas in Mumbai, petrol is available at Rs 106.31 and diesel at Rs 94.27 per litre. While petrol in Kolkata is Rs 106.03 and diesel is Rs 92.76 per litre. On the other hand, petrol is being sold at Rs 102.63 and diesel at Rs 94.24 per litre in Chennai.

In India, oil marketing companies (OMCs) such as Indian Oil, Bharat Petroleum and Hindustan Petroleum determine petrol and diesel prices. This is done on a daily basis, and rates are determined in accordance with the price of crude oil throughout the world.

Why do 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.

Petrol, and Diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on May 16, 2023

How to Check Petrol, and Diesel Prices City-Wise?

You can also know the daily rate of petrol and diesel through SMS. Indian Oil customers can get information by sending RSP and their city code to 9224992249 and BPCL customers can get information by sending an SMS to 9223112222 by typing RSP and their city code. Whereas, HPCL consumers can know the price by sending HPPrice and their city code to 9222201122.