Petrol and diesel price May 24: Fuel cost unchanged; Check prices in Delhi, Mumbai, other cities here

Petrol and Diesel Price Today in India: Petrol and Diesel Rate on May 24 were left unchanged for the third day running.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India
Crude oil prices were seen easing on Tuesday morning. (Image: REUTERS)

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The prices of petrol and diesel were kept unchanged by the OMCs on Tuesday after prices were cut on Saturday. Finance Minister Nirmala Sitharaman had announced a cut in excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel on Saturday. Petrol price in Delhi today stands Rs 96.72 a litre as against Rs105.41 a litre till last week, while diesel will cost Rs 89.62 a litre as opposed to Rs 96.67. In Mumbai one litre of petrol costs Rs 111.35 while diesel is retailing at Rs 97.28 per litre.

Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international prices and foreign exchange rates. Any changes in petrol and diesel prices are implemented with effect from 6 am every day. Retail petrol and diesel prices differ from state to state on account of local taxes like VAT or freight charges. After the Central government’s decision to cut excise duty, several state governments slashed VAT on petrol and diesel.

The Kerala government announced a cut in tax on the prices of petrol and diesel by Rs 2.41 and Rs 1.36 per litre respectively. The Rajasthan government has reduced VAT on petrol by Rs 2.48 per litre and diesel by Rs 1.16 per litre. The Maharashtra government reduced VAT on one per litre petrol by Rs 2.08 and diesel by Rs 1.44 per litre. The Odisha government also reduced taxes on petrol and diesel by Rs 2.23 and Rs 1.36 a litre respectively.

Petrol, diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, Gurugram

Mumbai: Petrol price: Rs 111.35 per litre, Diesel price: 97.28 per litre

Delhi: Petrol price: Rs 96.72 per litre, Diesel price: Rs 89.62 per litre

Chennai: Petrol price: Rs 102.63 per litre, Diesel price: Rs 94.24 per litre

Kolkata: Petrol price: Rs 106.03 per litre, Diesel price: Rs 92.76 per litre

Bengaluru: Petrol: Rs 101.94 per litre, Diesel: Rs 87.89 per litre

Lucknow: Petrol: Rs 96.57 per litre, Diesel: Rs 89.76 per litre

Noida: Petrol: Rs 96.79 per litre, Diesel: Rs 89.96 per litre

Gurugram: Petrol: Rs 97.18 per litre, Diesel: Rs 90.05 per litre

Chandigarh: Petrol: Rs 96.20 per litre, Diesel: Rs 84.26 per litre

Crude Oil price

Oil prices were seen inching lower during the early hours of Tuesday as investors feared growth slowdown that could hit demand. Brent crude futures were down 35 cents to $113.07 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were down 36 cents, or 0.3%, to trade at $109.93 a barrel. 

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