Fuel Prices Remain Steady on May 31: Current Rates in Major Indian Cities
Petrol, Diesel Prices on May 31: Has your city's fuel rate changed? Check how much you'll pay in Delhi, Mumbai, Bengaluru, Kolkata and other cities
The Economic Times
Image: The Economic Times
As of May 31, petrol and diesel prices in India remain unchanged following recent hikes. Petrol prices have surged by nearly ₹7.50 per litre since May 15, influenced by rising global crude oil prices. Current rates in major cities include ₹102.12 in Delhi and ₹111.21 in Mumbai.
- 01Petrol prices increased by ₹2.61 per litre and diesel by ₹2.71 per litre on May 25.
- 02Current petrol prices in major cities: Delhi ₹102.12, Mumbai ₹111.21, Kolkata ₹113.47.
- 03Diesel prices in major cities: Delhi ₹95.20, Mumbai ₹97.83, Kolkata ₹99.82.
- 04Fuel demand remains strong despite higher prices, driven by agricultural activity.
- 05More than 150 districts have reported over 30% growth in petrol and diesel sales.
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On May 31, petrol and diesel prices across India remained stable after a recent hike on May 25, which saw petrol prices rise by ₹2.61 per litre and diesel by ₹2.71. This marked the fourth increase in less than two weeks, with prices climbing nearly ₹7.50 since May 15, primarily due to rising global crude oil prices linked to supply disruptions in West Asia. Current petrol prices include ₹102.12 per litre in Delhi and ₹111.21 in Mumbai, while diesel prices are ₹95.20 in Delhi and ₹97.83 in Mumbai. Despite the price increases, fuel demand has surged, particularly in agricultural sectors, with over 30% growth in sales reported in more than 150 districts. The future of fuel prices will depend on international crude oil trends and any further disruptions in oil-producing regions.
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The rise in fuel prices will affect transportation costs and overall consumer prices, particularly in agriculture and logistics.
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