Petrol, diesel prices today: Check fuel rates in Delhi, Mumbai, other cities

  • In Mumbai, the prices of petrol and diesel stood at 120.51 and 104.71 respectively

Fuel rates continued to remain steady on Saturday, May 7, 2022 as petrol, diesel prices were unchanged, as per the price notification by the state-run fuel retailers.
Petrol price in Delhi costs 105.41 per litre while diesel costs 96.67. In Gurugram, one litre of petrol costs 105.86 and 97.10 for one litre of diesel. Meanwhile, in Mumbai, the prices of petrol and diesel stood at 120.51 and 104.71 respectively.
In Chennai, the petrol and diesel prices are at 110.85 and 100.94 per litre . In Kolkata, the price of petrol is 115.12 and diesel is 99.83 . In Bengaluru, one litre of petrol will cost 111.09 and one litre of diesel will cost 94.79.
The fuel prices witnessed last hiked by 80 paise a litre each on April 6, taking the total increase in rates in 16 days to 10 per litre. Fuel prices are decided based on the international prices, excise duty, state value-added taxes (VAT), and other charges.
Oil marketing companies like Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL), and Hindustan Petroleum Corporation Ltd (HPCL) revise petrol and diesel prices across India on a daily basis as fuel prices have been linked with international prices and foreign exchange rates.
Oil prices rose overnight, posting a second straight weekly increase as impending European Union sanctions on Russian oil raised the prospect of tighter supply and had traders shrugging off worries about global economic growth. For the week, WTI gained about 5%, while Brent nearly 4%.
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