Fuel prices remained unchanged across the country on Monday, June 1, after a series of sharp increases over the past two weeks pushed petrol and diesel rates to their highest levels in more than three years.
The latest revision came on May 25, when state-run oil marketing companies (OMCs) raised petrol prices by Rs 2.61 per litre and diesel prices by Rs 2.71 per litre. It marked the fourth fuel price hike since May 15, taking the cumulative increase in both fuels to nearly Rs 7.5 per litre.
The price hikes followed a surge in global crude oil prices after the prolonged Iran conflict disrupted energy supplies from the Gulf region. India, which depends heavily on the region for crude oil, natural gas and LPG imports, faced higher import costs during the three-month conflict.
With the recent increases, petrol and diesel prices have climbed to their highest levels since May 2022. Fuel rates had largely remained unchanged for more than two years, except for a Rs 2 per litre reduction announced in March 2024.
Fuel demand sees strong growth
The government said fuel consumption has remained strong despite higher prices. Officials attributed the rise in demand partly to agricultural activity and a shift in purchases from private retailers and bulk buyers to state-run fuel stations due to pricing differences.
According to the petroleum ministry, more than 150 districts reported petrol sales growth of over 30 per cent, while 14 districts saw sales more than double. Diesel sales rose over 30 per cent in 156 districts, with six districts reporting growth exceeding 100 per cent.
Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation, which together account for about 90 per cent of the domestic fuel market, have raised petrol and diesel prices by around Rs 7.5 per litre since May 15.
Petrol prices in major cities on June 1
Petrol prices varied across cities, with Hyderabad and Thiruvananthapuram among the costliest markets.
| City | Diesel Price (Rs/litre) |
|---|---|
| Thiruvananthapuram | 104.40 |
| Hyderabad | 103.82 |
| Bhubaneswar | 100.68 |
| Patna | 100.20 |
| Kolkata | 99.82 |
| Chennai | 99.65 |
| Bengaluru | 98.80 |
| Mumbai | 97.83 |
| Jaipur | 97.78 |
| Lucknow | 95.36 |
| Gurugram | 95.30 |
| New Delhi | 95.20 |
| Noida | 95.44 |
| Chandigarh | 89.47 |
Diesel prices in major cities on June 1
Diesel prices also remained elevated following the latest round of hikes.
| City | Diesel Price (Rs/litre) |
|---|---|
| Thiruvananthapuram | 104.40 |
| Hyderabad | 103.82 |
| Bhubaneswar | 100.68 |
| Patna | 100.20 |
| Kolkata | 99.82 |
| Chennai | 99.65 |
| Bengaluru | 98.80 |
| Mumbai | 97.83 |
| Jaipur | 97.78 |
| Lucknow | 95.36 |
| Gurugram | 95.30 |
| New Delhi | 95.20 |
| Noida | 95.44 |
| Chandigarh | 89.47 |
In Delhi, petrol is currently priced at Rs 102.12 per litre, up from Rs 99.51 before the May 25 revision. Diesel prices in the national capital have risen to Rs 95.20 per litre from Rs 92.49 earlier.
Retail fuel prices across India's major metro cities remain steady today, June 1, 2026.
The relative stability follows a period of volatility and previous price adjustments driven by ongoing geopolitical tensions in the Middle East.
Here are the latest petrol and diesel rates per litre across major Indian cities as of June 1, 2026:
⛽ Fuel Rates in Major Cities (June 1, 2026)
| City | Petrol Price (per litre) | Diesel Price (per litre) |
| New Delhi | ₹102.12 | ₹95.20 |
| Mumbai | ₹111.21 (or ~₹111.18 depending on outlet) | ₹97.83 |
| Kolkata | ₹113.51 | ₹99.82 |
| Bengaluru | ₹110.89 (or ~₹110.91) | ₹98.80 |
| Hyderabad | ₹115.69 | ₹103.82 |
| Chennai | ₹107.87 | ₹99.65 |
| Noida | ₹102.12 | ₹95.56 |
| Jaipur | ₹112.93 | ₹98.01 |
🔍 Factors Influencing Daily Rates
Local Taxes (VAT): Variations in prices between cities like New Delhi and Mumbai are primarily due to different Value Added Tax (VAT) rates imposed by respective state governments.
Global Crude Pressures: While domestic prices are steady today, global Brent crude has been trading with upward pressure near the $93 per barrel mark due to West Asian supply risks.
Daily Revisions: Oil Marketing Companies (OMCs) like IOCL, BPCL, and HPCL adjust fuel rates daily at 6:00 AM IST based on international benchmarks and foreign exchange rates.
No comments:
Post a Comment