Petrol prices today and diesel prices today remained unchanged across India on Sunday, May 31. The latest revision in fuel prices was announced on May 25, when oil marketing companies increased petrol and diesel rates by more than Rs 2.50 per litre. The recent hikes have pushed petrol prices and diesel prices to their highest levels since 2022, ending a long period of relative stability in fuel rates.
Why Have Petrol and Diesel Prices Increased?
The latest revision marked the fourth increase in fuel prices in less than two weeks. Since May 15, petrol prices and diesel prices have risen by nearly Rs 7.50 per litre.
The increase follows a surge in global crude oil prices caused by disruptions in energy supplies from West Asia. India relies heavily on crude oil imports from Gulf countries, making domestic fuel prices sensitive to international market movements.
Petrol Prices Today in Major Indian Cities
Here are the latest petrol prices on May 31:
- Delhi: Rs 102.12 per litre
- Mumbai: Rs 111.21 per litre
- Kolkata: Rs 113.47 per litre
- Chennai: Rs 107.77 per litre
- Bengaluru: Rs 110.91 per litre
- Hyderabad: Rs 115.69 per litre
- Patna: Rs 113.70 per litre
- Jaipur: Rs 112.98 per litre
- Bhubaneswar: Rs 108.97 per litre
- Lucknow: Rs 101.86 per litre
- Noida: Rs 102.38 per litre
- Gurugram: Rs 102.62 per litre
- Chandigarh: Rs 101.51 per litre
- Thiruvananthapuram: Rs 115.39 per litre
Diesel Prices Today in Major Indian Cities
The latest diesel prices on May 31 are:
- Delhi: Rs 95.20 per litre
- Mumbai: Rs 97.83 per litre
- Kolkata: Rs 99.82 per litre
- Chennai: Rs 99.58 per litre
- Bengaluru: Rs 98.80 per litre
- Hyderabad: Rs 103.82 per litre
- Patna: Rs 99.70 per litre
- Jaipur: Rs 98.06 per litre
- Bhubaneswar: Rs 100.68 per litre
- Lucknow: Rs 95.36 per litre
- Noida: Rs 95.85 per litre
- Gurugram: Rs 95.30 per litre
- Chandigarh: Rs 86.47 per litre
- Thiruvananthapuram: Rs 104.19 per litre
How Much Did Petrol and Diesel Prices Rise on May 25?
During the latest revision, petrol prices increased by Rs 2.61 per litre, while diesel prices rose by Rs 2.71 per litre.
In Delhi, the petrol price climbed from Rs 99.51 to Rs 102.12 per litre. The diesel price increased from Rs 92.49 to Rs 95.20 per litre.
Why Is Fuel Demand Rising Despite Higher Petrol and Diesel Prices?
Government officials have said that demand for fuel remains strong despite higher petrol prices today and diesel prices today.
The rise in consumption is being driven by agricultural activity and a shift in purchases from private fuel retailers to state-run petrol pumps, where prices remain relatively lower.
More than 150 districts have reported over 30 per cent growth in petrol sales, while diesel sales have risen by over 30 per cent in more than 150 districts as well.
Fuel Price Outlook
The future movement of petrol prices and diesel prices will depend largely on international crude oil trends and global supply conditions. Any further disruptions in oil-producing regions could impact fuel prices in India in the coming weeks.
Motorists are advised to keep track of daily updates on petrol prices today and diesel prices today as oil companies continue to monitor global market developments.
