Last update: 03 May 2023, 08:01 IST
Check gasoline and diesel prices on May 3.
You can also know the daily price of gasoline and diesel in your city by SMS; here’s how
Gasoline and diesel prices today: Gasoline and diesel prices remained unchanged on Wednesday May 3 in New Delhi, Kolkata, Mumbai and Bengaluru. Gasoline and diesel prices have remained stable over the past eleven months.
At present, petrol in Delhi is sold at Rs 96.72 per liter while diesel is sold at Rs 89.62 per litre. While in Mumbai, petrol is available at Rs 106.31 and diesel at Rs 94.27 per litre. While petrol in Kolkata is Rs 106.03 and diesel is Rs 92.76 per litre. On the other hand, gasoline is sold at Rs 102.63 and diesel at Rs 94.24 per liter in Chennai.
However, in states like Maharashtra and West Bengal, fuel prices have come down. Petrol has become cheaper by 41 paise and diesel by 39 paise in Maharashtra. Also in Punjab, petrol has become cheaper by 26 paise and diesel by 25 paise. There is a 25 paise drop in the price of petrol and diesel in Uttar Pradesh. Gasoline has become cheaper by 44 paise and diesel by 41 paise in West Bengal.
Except for individual cases, petrol and diesel tariffs across the country have remained stable since May 21 last year when the previous pan-India review was announced. However, many cities have seen petrol prices rise above the Rs 100 mark.
In India, Petroleum Marketing Corporations (OMC) such as Indian Oil, Bharat Petroleum and Hindustan Petroleum determine the prices of gasoline and diesel. This is done daily and rates are determined based on the price of crude oil around the world.
Why do fuel prices vary from state to state?
Fares for each day, whether new or unchanged, are announced at 6 a.m. on the day. These, however, vary from state to state; this is due to criteria such as value added tax (VAT), transport costs, local taxes, etc.
Gasoline and Diesel Prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida and Gurugram on May 3, 2023
|CITY||Gasoline (per liter)||Diesel (per litre)|
|Chennai||Rs 102.86||Rs 94.46|
|Kolkata||106.03 rupees||Rs 92.76|
|Lucknow||Rs 96.47||Rs 89.67|
|Bombay||Rs 106.31||Rs 94.27|
|New Delhi||Rs 96.72||Rs.89.62|
Here’s how you can find out today’s latest price
You can also know the daily price of gasoline and diesel by SMS. Indian Oil customers can get information by texting RSP and their city code to 9224992249 and BPCL customers can get information by texting 9223112222 typing RSP and their city code. While HPCL consumers can find out the price by texting HPPrice and their city code to 9222201122.
Crude oil price today
Oil prices extended their losses on Wednesday, after falling around 5% to a five-week low in the previous session, as investors braced for further rate hikes this week that could dampen demand of energy.
Brent crude futures fell 13 cents, or 0.2%, to $75.19 a barrel at 00:15 GMT, while West Texas Intermediate (WTI) crude also fell 13 cents, or 0.2%, to $71.53.
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