Petrol and Diesel Prices on June 1: How much is fuel in Delhi, Mumbai, Bengaluru, Kolkata and other cities today | Today’s news
Fuel prices were almost unchanged on Monday, June 1. The latest fuel price hike took place on Monday, May 25, when oil marketing companies (OMCs) hiked both petrol and diesel prices by more than ₹2.50 per liter.
The latest hike was the fourth hike in less than two weeks, extending a delayed pass-through of rising global oil prices triggered by the Iran conflict.
The latest increase, a cumulative increase since May 15, brought the price close to the limit ₹7.5 per liter.
Fuel prices have now reached their highest level since May 2022 after remaining largely frozen for more than two years, with the exception of ₹A reduction of 2 per liter in March 2024.
The war in West Asia disrupted global energy supplies, including supplies to India. Due to the three-month-long conflict, 40% of India’s oil imports, 65% of its natural gas and 90% of its LPG supplies, which came from countries in the Persian Gulf region, were disrupted.
Read also | Petrol at PKR 380 per liter: Pakistan stares at economic crisis amid US-Iran war
Gasoline prices in major cities on June 1
CityPriceNew Delhi ₹102.12 Calcutta ₹113.51 Bombay ₹111.21 Chennai ₹107.87 of Gurugram ₹102.62 Noida ₹101.96 Bengaluru ₹110.89 Bhubaneswar ₹108.97 Chandigarh ₹101.51 Hyderabad ₹115.69 Jaipur ₹112.66 Happiness ₹101.89 Patna ₹114.24 Thiruvananthapuram ₹115.49
Change in petrol and diesel prices
Gasoline prices have increased by ₹2.61 liters and diesel would ₹2.71 on Monday, the fourth increase.
In Delhi, petrol prices rose to ₹102.12 per liter from ₹99.51, while diesel climbed to ₹95.20 from ₹92.49.
Diesel prices in major cities on June 1
CityPriceNew Delhi ₹95.20 Calcutta ₹99.82 Mumbai ₹97.83 chennai ₹99.65 of Gurugram ₹95:30 Noida ₹95.44 Bengaluru ₹98.80 Bhubaneswar ₹100.68 Chandigarh ₹89.47 Hyderabad ₹103.82 Jaipur ₹97.78 Happiness ₹95.36 Patna ₹100:20 Thiruvananthapuram ₹104.40
The government said higher retail fuel sales were due in part to agricultural demand and a shift in purchases from wholesalers and private fuel retailers to state-owned stores, driven by price differentials.
More than 150 districts saw more than 30% increase in petrol sales, with 14 districts recording double sales, said Sujata Sharma, joint secretary in the petroleum ministry.
Diesel sales grew by more than 30% in 156 districts, with six districts showing growth of more than 100%.
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Sales of private fuel retailers fell 38% for diesel, while state-owned oil marketing companies saw a 29% drop in bulk diesel sales, it added.
While petrol and diesel sold at state-run petrol stations continue to be sold below cost, bulk customers such as telecom towers are charged market rates. Also, private retailers have hiked petrol and diesel prices much more than their PSU counterparts.
IOC, BPCL and HPCL, which control 90% of the market, raised petrol and diesel prices by about ₹7.50 per liter from May 15.
