Current Fuel Prices: Petrol Surpasses ₹102 in Delhi Amid Global Tensions
Today Petrol, Diesel Prices June 05: Petrol crosses Rs 102 in Delhi; Check fuel prices in Chennai, Mumbai, Kolkata, Bengaluru, Gurgaon
India
Image: India
As of June 5, petrol prices have increased significantly due to ongoing conflicts in the Middle East, with Delhi's price at ₹102.12 per litre. The Indian government assures adequate fuel supply while implementing measures to stabilize aviation fuel prices.
- 01Petrol prices in major cities: Delhi ₹102.12, Mumbai ₹111.21, Kolkata ₹113.51, Chennai ₹107.75.
- 02Diesel prices in major cities: Delhi ₹95.20, Mumbai ₹97.83, Kolkata ₹99.82, Chennai ₹99.56.
- 03The Indian government has approved a ₹10,000 crore support mechanism for airlines to stabilize aviation turbine fuel prices.
- 04Windfall gains tax on petrol exports has been halved to ₹1.5 per litre, while diesel tax is reduced to ₹13.5 per litre.
- 05No changes in domestic duty rates for petrol and diesel, with a recent reduction in special additional excise duty.
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On June 5, petrol prices in India have seen a notable increase, driven by escalating tensions in the Middle East, particularly around the Strait of Hormuz. In New Delhi, petrol is priced at ₹102.12 per litre, while in Kolkata, it reaches ₹113.51, and in Mumbai, it stands at ₹111.21. Diesel prices also reflect similar trends, with New Delhi's rate at ₹95.20 per litre. The Indian government has assured that all refineries are operating at full capacity and maintaining sufficient fuel stocks. Additionally, the Union Cabinet has approved a ₹10,000 crore budgetary support to stabilize aviation turbine fuel prices for Indian airlines amid this volatility. The government has also halved the windfall gains tax on petrol exports and reduced the levy on diesel and aviation fuel, effective June 1, while keeping domestic tax rates unchanged. These measures aim to mitigate the impact of global price fluctuations on local consumers.
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The increase in fuel prices is likely to affect transportation costs and overall inflation in India.
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