Petrol, diesel prices today: Petrol and diesel prices remained unchanged across the four metro cities on Saturday, May 22, a day after being hiked yesterday, following a two-day pause. In the national capital, petrol is being sold at Rs 93.04 per litre, while diesel is priced at Rs 83.80, according to Indian Oil Corporation. Petrol and diesel rates are the highest in Mumbai. As per the state-run oil refiner, petrol is being sold at Rs 99.32 per litre in Mumbai, while diesel is priced at Rs 91.01 per litre. Fuel rates vary across the states in the country due to value-added tax or VAT. Notably, petrol and diesel rates have been hiked 11 times since May 4. (Also Read: How To Find Latest Petrol, Diesel Rates In Your City)
Below are the latest petrol and diesel prices across four metro cities:
The state-run oil marketing companies including Indian Oil Corporation (IOC), Bharat Petroleum, and Hindustan Petroleum align the rates of domestic fuel with that of global crude oil prices by taking into account changes in the foreign exchange rates. Any changes in fuel prices are implemented with effect from 6 am every day.
Meanwhile, on Friday, May 21, brent crude futures, the global oil benchmark, rose 0.95 per cent to $ 65.73 per barrel. The rupee strengthened 29 paise to settle at 72.83 against the US dollar on Friday.