Petrol & Diesel Prices June 13: Check Fuel Price in Chennai, Bengaluru, Delhi, Kolkata, Mumbai & Other Cities Today | Today’s news
Gasoline and diesel prices today: Fuel prices were stable today on Saturday, June 13, following the latest price hike on Monday, May 25, when the Oil Marketing Companies (OMCs) increased the price of both petrol and diesel by more than ₹2.50 per liter. Notably, the cumulative price hike since May 15 has almost increased the cost of fuel ₹7.5 per liter.
Notably, petrol and diesel prices in India are at their highest levels since May 2022 after remaining largely frozen for more than two years, except ₹A reduction of 2 per liter in March 2024.
The US-Iran war has hit fuel prices in India
The rise in prices was the fourth in less than two weeks, driven by a delayed transition due to the war in West Asia, although demand for global oil remains strong. Almost one-fifth of the world’s oil and gas reserves are transported through the vital waterway in the Strait of Hormuz, which is controlled by Iran.
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The US-Iran war has disrupted global energy supplies, including supplies to India. 40% of India’s oil imports, 65% of natural gas and 90% of LPG supplies that came from the Gulf region were disrupted due to the war.
Union Petroleum Minister Hardeep Singh Puri is optimistic that fuel prices will come down in the coming months, assuring that “sufficient supplies are available” amid the war situation. “Oil prices cannot remain at their current levels for very long and are expected to decline in the coming months,” he said.
Puri added that additional supplies from Canada and the United States to India should ease some of the shortage, but added that the situation could reverse if the war widens, Reuters reported.
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Change in petrol and diesel prices
Gasoline prices have risen ₹2.61/litre and diesel would ₹2.71/litre on May 25 in their fourth such hike.
In Delhi, petrol prices rose to ₹102.12/liter from ₹99.51/litre while diesel climbed to ₹95.20/liter from ₹92.49/liter.
Overall, OMCs have raised fuel prices four times since May to ease demand and maintain supply. Gasoline costs about 7.8% more, while diesel prices are 8.6% higher, he added.
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See the entire municipal price list for petrol and diesel
Check the complete list of petrol and diesel prices in major Indian cities today, June 13 (Saturday) here below:
CityPetrol priceDiesel priceNew Delhi ₹102.12 ₹95.20 Calcutta ₹113.51 ₹99.82 Mumbai ₹111.21 ₹97.83 chennai ₹107.87 ₹99.65 of Gurugram ₹102.62 ₹95:30 Noida ₹101.96 ₹95.44 Bengaluru ₹110.89 ₹98.80 Bhubaneswar ₹108.97 ₹100.68 Chandigarh ₹101.51 ₹89.47 Hyderabad ₹115.69 ₹103.82 Jaipur ₹112.66 ₹97.78 Happiness ₹101.89 ₹95.36 Patna ₹114.24 ₹100:20 Thiruvananthapuram ₹115.49 ₹104.40
The price of oil is the lowest since March
According to a Bloomberg report, the price of oil fell to its lowest level since early March, near the beginning of the war in the Middle East. This comes amid signs that an interim peace deal is being drawn up that could affect traffic through the Strait of Hormuz.
Brent futures fell 3.4% to $87.33, the lowest since March 5, and ended the week down 6.2%. West Texas Intermediate settled 3.2% lower on Friday, while European gas fell as much as 8.4%.
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The US and Iran are moving closer to an agreement to reopen the Strait of Hormuz, which could be signed when Group of Seven world leaders meet next week, senior officials said in the publication. However, the report added that “conflicting messages” from the US and Iran raised concerns.
Overall, oil prices are down almost 30% since the height of the conflict. Before the war broke out in February, markets were oversaturated, with Brent crude, the global benchmark, hovering near $70 a barrel.
Disclaimer: This story is for educational purposes only. The above opinions and recommendations are those of individual analysts or brokerage firms and not of Mint. We encourage investors to check with certified professionals before making any investment decision.
