Petrol & Diesel Prices June 5: Check Fuel Price in Delhi, Mumbai, Bengaluru, Kolkata & Other Cities Today | Today’s news
Gasoline and diesel prices today: Fuel prices were stable on Friday, June 5, following the latest price hike on Monday, May 25, when 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.
Fuel prices in India are at their highest level since May 2022 after remaining largely frozen for more than two years. ₹Reduction of 2 per liter in March 2024.
War in West Asia affects fuel prices in India
That’s because the latest increase was the fourth such move in less than two weeks, due to a delayed transmission amid soaring global oil prices in the wake of the war in West Asia.
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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.
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.
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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 5 (Friday) 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
US-Iran peace deal uncertain, experts point to oil supply concerns
In global markets, oil prices saw little movement on fears of uncertainty that the United States and Iran will soon reach a peace deal despite the failure of a cease-fire proposal between Israel and Lebanon, Reuters reported today.
After a sharp 2.84% drop in the previous session, Brent crude futures were down 21 cents, or 0.22%, at $95.24 a barrel by 00:00 GMT, the report added.
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Further, U.S. West Texas Intermediate (WTI) crude was at $92.94 a barrel, down 10 cents, or 0.11%, after losing 3.1% on Thursday.
Both contracts are set to post their first weekly gain in three weeks, with WTI up more than 6%, after fighting flared in the Middle East and the Strait of Hormuz remains a slow passage. The vital waterway transports about a fifth of the world’s oil reserves. The report added that analysts pointed to falling oil inventories and noted that global oil prices could see a sharp rise in the third quarter.
Meanwhile, OPEC is sticking to its forecast for oil demand growth of 1.2 million barrels a day for this year, Secretary-General Haitham Al Ghais said yesterday, despite the war in West Asia and the closure of the Strait of Hormuz.
(With inputs from Reuters)
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