Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 13

Petrol, and Diesel prices on May 13.

Petrol, and Diesel prices on May 13.

Petrol and diesel prices in Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on May 13, 2024

Petrol, Diesel Prices Today On May 13, 2024: Oil marketing companies (OMCs) update petrol and diesel prices every morning at 6 am. These adjustments reflect changes in global crude oil prices and foreign exchange rates, keeping you informed about daily fuel cost variations. In India, the pricing of petrol and diesel is subject to influences like freight charges, value-added tax (VAT), and local taxes, resulting in different rates across states.

Petrol Diesel Price Today In India (Check city-wise rate list below)

Mumbai Petrol & Diesel Price

As of May 13, the price of petrol in Mumbai continued to exceed the Rs 100 mark, reaching Rs 104.21 per litre, while diesel was priced at Rs 92.15 per litre.

Delhi Diesel Price Today

As of May 13, the cost of diesel is priced at Rs 87.62 per litre.

Delhi Petrol Price Today

As of May 13, the cost of petrol in Delhi is Rs 94.72 per litre.

Check city-wise petrol and diesel prices on May 13:

City Petrol Price (Rs/litre) Diesel Price (Rs/litre)
Chennai 100.75 92.34
Kolkata 103.94 90.76
Noida 94.83 87.96
Lucknow 94.65 87.76
Bengaluru 99.84 85.93
Hyderabad 107.41 95.65
Jaipur 104.88 90.36
Trivandrum 107.56 96.43
Bhubaneswar 101.06 92.64

In March, the government reduced the petrol and diesel prices by Rs 2 per litre across India. Before that, the fuel prices were steady since May 2022.

Fuel retail prices are adjusted by OMCs daily at 6 am based on the global price of crude oil. The government oversees fuel prices through mechanisms such as excise tax, base pricing, and price caps.

Latest Crude Oil Prices

Crude oil prices fell by nearly $1 a barrel on Friday as comments from US central bank officials indicated higher-for-longer interest rates, which could hinder demand from the world’s largest crude consumers, according to Reuters.

Brent crude futures settled at $82.79 a barrel, down $1.09, or 1.3 per cent. US West Texas Intermediate crude settled at $78.26 a barrel, down $1.00, or 1.3 per cent.

For the week, Brent logged a 0.2 per cent loss, while WTI recorded a rise of 0.2 per cent.

Dallas Federal Reserve President Lorie Logan on Friday said it was unclear whether monetary policy was tight enough to bring down inflation to the US central bank’s 2 per cent goal.

Factors Affecting Petrol And Diesel Prices In India 

Crude oil price: The primary raw material for the production of petrol and diesel is crude oil, and as such, its price directly influences the ultimate cost of these fuels.

The exchange rate between the Indian rupee and the US dollar: As a major importer of crude oil, India’s petrol and diesel prices are also influenced by the exchange rate between the Indian rupee and the US dollar.

Tax: Various taxes on petrol and diesel are imposed by both the central and state governments. These taxes may differ across states, exerting a notable influence on the ultimate prices of petrol and diesel.

The cost of refining:

The final price of petrol and diesel is additionally influenced by the expenses incurred in refining crude oil into these fuels. The refining process can be costly, and the refining expenses may fluctuate based on factors like the type of crude oil utilised and the efficiency of the refinery.

The demand for petrol and diesel: The demand for petrol and diesel can also affect their prices. If demand for these fuels increases, it can lead to higher prices.

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