Petrol, diesel prices on May 3: Check rates in your city

As per the latest rates, petrol in Delhi costs ₹96.72 per liter while the price of diesel in the national capital stands at ₹ 89.62.

Published on: May 3, 2023, 07:46:03 IST

By HT News Desk

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Fuel prices in major cities have remained unchanged on Wednesday. The oil companies announce updated petrol and diesel rates everyday at 6am. As per the latest rates, petrol in Delhi costs ₹96.72 per liter while the price of diesel in the national capital stands at ₹ 89.62.

The prices of petrol and diesel are subject to change according to state-wise Value Added Tax (VAT), freight charges, local taxes, etc. (Representational)

The cost of one liter of petrol in India's financial capital Mumbai continue to remain ₹106.31, and for an equal quantity of diesel, customers have to pay ₹94.27. Similarly, customers in Gurugram will have to pay ₹ 97.10 for a litre of petrol and ₹ ₹ 89.96 for equal quantity of diesel.

Here are the petrol and diesel prices for top 5 cities on May 3, 2023:

CITY	PETROL PRICE (Rs/LITRE)	DIESEL PRICE (Rs/LITRE)
BENGALURU	101.94	87.89
CHENNAI	102.73	94.46
JAIPUR	108.48	93.72
KOLKATA	106.03	92.76
LUCKNOW	96.47	89.76

In India, fuel prices are decided by oil marketing companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum. Prices are determined in accordance with the price of crude oil throughout the world.

But it is not that the Centre does not have any impact on petrol and diesel prices. The Union government regulates prices through excise duty. It also controls rates via base prices and can cap rates at which dealers and OMCs deal with each other.

The prices of petrol and diesel are subject to change according to state-wise Value Added Tax (VAT), freight charges, local taxes, etc.

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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

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