Petrol, diesel prices on May 1: Check the latest rates in your city

Petrol, diesel prices on May 1: On May 21 last year, the previous pan-India revision to fuel rates was done.

Published on: May 1, 2023, 11:09:41 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

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.

On May 21 last year, the previous pan-India revision to fuel prices was done (Representative)

Also Read | Petrol, diesel prices on April 30: What are the latest rates in your city?

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.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator