Fuel Prices Remain Steady on May 31; City-Wise Breakdown Provided
Petrol, Diesel & CNG Fresh Prices Announced: Check City-Wise Rates For May 31
News 18
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On May 31, 2026, petrol and diesel prices remained unchanged across major Indian cities, while CNG saw a price increase in Mumbai. The government reduced export duties on fuels starting June 1, amid fluctuating crude oil prices due to geopolitical tensions.
- 01Petrol prices in Hyderabad are the highest at Rs 115.69 per litre, while Chandigarh has the lowest at Rs 98.10 per litre.
- 02Diesel prices also peaked in Thiruvananthapuram at Rs 104.40 per litre, with Chandigarh offering the lowest at Rs 86.09 per litre.
- 03CNG prices in Mumbai rose by Rs 2 to Rs 86 per kg, marking the first increase in 15 days.
- 04The government reduced export duties on petrol, diesel, and aviation turbine fuel (ATF) effective June 1, with petrol at Rs 1.5/litre.
- 05Crude oil prices have recently declined, settling around $87 per barrel for West Texas Intermediate.
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On May 31, 2026, fuel prices across India remained stable, with petrol and diesel prices unchanged from previous rates. The government announced a reduction in export duties on petrol (Rs 1.5/litre), diesel (Rs 13.5/litre), and aviation turbine fuel (ATF) (Rs 9.5/litre) starting June 1. In Mumbai, CNG prices increased by Rs 2 to Rs 86 per kg after a 15-day period without changes. Petrol prices peaked in Hyderabad at Rs 115.69 per litre, while Chandigarh had the lowest at Rs 98.10 per litre. Diesel prices were highest in Thiruvananthapuram at Rs 104.40 per litre, with Chandigarh again offering the lowest at Rs 86.09 per litre. The fluctuations in crude oil prices, which recently fell to around $87 per barrel, were attributed to tentative agreements between the US and Iran regarding a ceasefire, raising hopes for the reopening of the Strait of Hormuz.
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The unchanged fuel prices will directly affect consumers' daily expenses, particularly in transportation and goods delivery.
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