In the ever-fluctuating landscape of fuel prices, today, on May 1, 2024, national oil companies have announced an increase in the prices of petrol and diesel across India. This uptick comes amidst notable shifts in the international crude oil market, where prices have surged. Brent crude is currently trading at $87.86 per barrel, while WTI crude stands at $81.11 per barrel.
Despite these global escalations, Indian government oil companies have opted to maintain stability in petrol and diesel prices across all major metros.
In Delhi, the price of petrol stands at Rs 94.72 per liter, with diesel priced at Rs 87.62 per liter. Meanwhile, in Mumbai, petrol is priced at Rs 104.21 per liter, with diesel at Rs 92.15 per liter. Kolkata sees petrol priced at Rs 103.94 per liter and diesel at Rs 90.76 per liter, while in Chennai, petrol is available at Rs 100.75 per liter and diesel at Rs 92.34 per liter. Bengaluru residents will find petrol priced at Rs 99.82 per liter and diesel at Rs 85.92 per liter.
The daily adjustments in petrol and diesel prices in India are tethered to international crude oil rates, with Indian Oil Marketing Company recalibrating prices daily based on global market movements. This information is disseminated by Indian Oil, Bharat Petroleum, and Hindustan Petroleum, who provide updates for six different cities each morning.
To keep track of these fluctuations, customers can conveniently access petrol and diesel prices via SMS. By sending the RSP code to 9224992249, Indian Oil customers can receive daily updates on fuel prices in major Indian cities.
It’s worth noting that state-level taxes on petrol contribute to regional variations in fuel prices, adding another layer of complexity to this dynamic market.
