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Bloomberg Quint

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Petrol, Diesel Prices Unchanged On June 16; Here's How Much You Pay For Fuel Now

  • Petrol and diesel prices remained unchanged on June 16 in major metro cities.
  • In Delhi, petrol is priced at Rs 94.77 per litre, and diesel at Rs 87.67. In Mumbai, petrol costs Rs 103.50 and diesel Rs 90.03.
  • Chennai sells petrol at Rs 100.80 and diesel at Rs 92.39, while in Kolkata petrol is priced at Rs 105.41 and diesel at Rs 92.02.
  • Fuel prices in India have been stable since May 2022 after tax reductions by the central and state governments.
  • Oil marketing companies review petrol and diesel prices daily, influenced by global crude rates and exchange rates.
  • The pricing method considers factors like international crude prices, rupee-dollar rates, demand, and global trade flow.
  • On the global front, Brent crude oil rose to $75.33 due to tensions between Israel and Iran, impacting the oil market.
  • Crude prices had dropped to $59 in May but rose over 13% recently amid increased geopolitical tensions.

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