Fuel Prices Today: Petrol and Diesel Rates Remain Stable on May 29

Petrol and diesel prices across India remained unchanged on Friday, May 29, providing much-needed relief to consumers. Despite recent volatility in the international market and significant hikes over the last 11 days, government-owned oil marketing companies have kept the domestic fuel rates steady today.

On the morning of Friday, May 29, there is a significant sense of relief for the common man as petrol and diesel prices across the country have seen no new changes. The prices remain completely stable today, marking a break from the recent trend of frequent fluctuations. Amidst a slight softening in crude oil prices in the international market, government-owned petroleum companies have decided not to alter fuel rates in the domestic market for the current 24-hour cycle. This pause is particularly significant because oil prices had been increased four times within the last 11 days alone. 82 rupees per liter during these few days, putting a strain on the budgets of middle-class families.

Fuel Rates in Major Metropolises and Cities

20 rupees per liter. 83 rupees per liter. The variation in prices across different states is primarily due to the different rates of Value Added Tax (VAT) levied by state governments.

Delhi: Petrol 102.12 rupees, Diesel 95.20 rupees
Kolkata: Petrol 113.51 rupees, Diesel 99.82 rupees
Mumbai: Petrol 111.21 rupees, Diesel 97.83 rupees
Chennai: Petrol 107.77 rupees, Diesel 99.55 rupees
Noida: Petrol 102.12 rupees, Diesel 97.56 rupees
Chandigarh: Petrol 101.51 rupees, Diesel 89.47 rupees
Lucknow: Petrol 101.89 rupees, Diesel 95.36 rupees
Patna: Petrol 113.37 rupees, Diesel 99.36 rupees
Ranchi: Petrol 105.26 rupees, Diesel 100.49 rupees
Bhopal: Petrol 114.57 rupees, Diesel 99.64 rupees

Global Market Volatility and Company Losses

The instability in global crude oil prices has drastically changed the energy landscape. Due to the recently erupted Iran war, crude oil prices had surged by nearly 50 percent in a short span. However, some cooling was observed in the international market today. 62 dollars per barrel. 79 dollars per barrel. 10 dollars per barrel. This high cost of procurement is causing government oil companies to incur a massive daily loss of approximately 1380 crore rupees on the combined sale of petrol, diesel, LPG, and jet fuel.

How to Check Latest Rates via SMS

Fuel prices in India are updated every morning at 6 AM based on the international market trends and the foreign exchange rate. Consumers can easily check the latest rates for their specific city by sending a simple SMS from their mobile phones. For Indian Oil (IOCL) customers, type RSP followed by a space and the city code, then send it to 9224992249. For Bharat Petroleum (BPCL), send RSP followed by the city code to 9223112222. Customers of Hindustan Petroleum (HPCL) can get the latest information by typing HPPRICE followed by the city code and sending it to 9222201122.