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Petrol-Diesel Price Today: State-run oil companies hiked fuel prices by ₹3 per liter on Friday, a move that is directly impacting the pockets of the common people. Check today's latest rates here.

Petrol-Diesel Price Today: After a gap of over four years, a significant change has been made to petrol and diesel prices. State-run oil companies implemented a hike of ₹3 per liter on Friday. This decision was taken after prices had remained stable for several months. The sharp surge in crude oil prices in the international market is cited as the primary reason behind this hike; however, the rise in petrol and diesel prices has had a direct financial impact on millions of motorists across the country.

Why Did Petrol and Diesel Prices Rise?

According to reports, global crude oil prices have surged by over 50 percent due to escalating tensions in the Middle East. Following attacks on Iran by the US and Israel on February 28, oil supplies were disrupted in retaliation. In particular, the disruption of oil flow through the Strait of Hormuz has impacted markets worldwide. Since India imports a major portion of its oil requirements, the rise in international prices has had a direct bearing on domestic fuel prices. Apple Prices Set to Skyrocket Due to Rising Diesel Costs—The Reason Isn't Transport, But Something Else Entirely

Today's Petrol Prices (Saturday, May 16) — City-wise Rates

New Delhi - ₹97.77
Kolkata - ₹108.74
Mumbai - ₹106.68
Chennai - ₹103.67
Gurugram - ₹98.42
Noida - ₹97.97
Bengaluru - ₹106.17
Bhubaneswar - ₹104.16
Chandigarh - ₹97.27
Hyderabad - ₹110.85
Jaipur - ₹107.75
Lucknow - ₹97.39
Patna - ₹109.06
Thiruvananthapuram - ₹110.68

Today's Diesel Prices (Saturday, May 16) — City-wise Rates

New Delhi - ₹90.67
Kolkata - ₹95.13
Mumbai - ₹93.14
Chennai - ₹95.25
Gurugram - ₹90.89
Noida - ₹91.20
Bengaluru - ₹94.10
Bhubaneswar - ₹95.71
Chandigarh - ₹85.25
Hyderabad - ₹98.96
Jaipur - ₹93.03
Lucknow - ₹90.69
Patna - ₹95.10
Thiruvananthapuram - ₹99.45

Why Do Prices Vary Across States?

Regarding pricing, petrol and diesel rates differ in every state because the VAT (Value Added Tax) applied varies from one state to another. This is the reason why petrol is priced at ₹97.77 in Delhi, whereas in Hyderabad, it has reached as high as ₹110.85.

What is the Impact on the Common Man?

The rising cost of fuel will not merely affect vehicle owners; rather, as transportation costs increase, the prices of everyday essential commodities are also likely to rise.