Noida, May 20 (APAC Media): Petrol and Diesel prices remained unchanged across major Indian cities on Wednesday, a day after state-run oil marketing companies increased petrol and diesel prices by about 90 paise per litre.
The latest revision came after an earlier hike of nearly Rs 3 per litre last week, taking the cumulative increase in fuel rates to almost Rs 4 within seven days.
The consecutive price hikes have intensified pressure on household budgets and transportation costs nationwide.
City-wise Petrol and Diesel Prices on May 20
| City | Petrol Price (₹/litre) | Diesel Price (₹/litre) |
|---|---|---|
| Delhi | 98.64 | 91.58 |
| Mumbai | 107.37 | 94.08 |
| Chennai | 104.67 | 96.11 |
| Kolkata | 109.28 | 96.07 |
| Bengaluru | 106.79 | 95.04 |
| Hyderabad | 111.33 | 99.95 |
| Pune | 107.90 | 94.86 |
| Ahmedabad | 98.35 | 94.14 |
According to daily fuel price updates issued by oil retailers, petrol in Delhi is retailing at around Rs 98.64 per litre, while diesel is priced at Rs 91.58 per litre.
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Mumbai continued to record among the highest fuel prices in the country, with petrol rates crossing Rs 107 per litre. Similar increases were reported in Kolkata, Chennai, Hyderabad and Bengaluru following the latest revisions.
Industry experts attributed the recent fuel price hikes to volatility in global crude oil markets amid escalating geopolitical tensions in West Asia.
Concerns over potential supply disruptions along key shipping routes, including the Strait of Hormuz, have driven international crude prices higher, adding pressure on domestic oil marketing companies.
Oil marketing companies have reportedly been absorbing a significant share of global crude price increases in recent months.
Analysts said the latest price revisions are aimed at curbing mounting under-recoveries and ensuring stability in domestic fuel supply.
Fuel prices in India are revised daily at 6 a.m. and differ across states, depending on factors such as value-added tax, transportation costs and dealer commissions.
Disclaimer:Â Views expressed are those of experts and do not reflect APAC Media. This is for informational purposes only, not financial advice. We are not responsible for investment decisions. Please consult a qualified financial advisor before investing.
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