Petrol, Diesel price today (May 13): Check fuel rates in Delhi, Mumbai, Kolkata, Chennai and other cities

Petrol, Diesel price today: Amidst West Asia crisis, petrol and diesel prices remain unchanged, but Petroleum Minister Hardeep Singh Puri warned of daily losses exceeding Rs 1,000 crore for oil companies. He indicated that the government may have ...

Reuters

Petrol, Diesel price today May 13

Amid the uncertainty over the prices of petrol and diesel due to the deepening West Asia crisis, customers are closely keeping a watch on fuel prices daily. There has been no change in the prices of petrol and diesel on Wednesday. Petroleum Minister Hardeep Singh Puri on Tuesday said public sector oil marketing companies may not be able to sustain daily losses of Rs 1,000 crore from selling petrol and diesel below market price. This has once again fuelled the speculation that petrol and diesel prices are imminent now.

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"They're taking a loss to insulate the consumer. (But) at some stage govt would have to take a call," Puri said at CII's annual business summit, without clearly commenting on a much-anticipated price hike. "How long will the oil companies be able to take it (losses)? Frankly, that's something that worries me," he said.


Petrol, Diesel prices today

The petrol and diesel prices in Mumbai, Delhi, Kolkata, Chennai, and other cities have remained stable on May 13, Wednesday. Fuel prices are revised daily by oil marketing companies (OMCs) at 6 AM, in line with fluctuations in global crude oil benchmarks and foreign exchange rates. Petrol and diesel are currently priced at Rs 94.77 and Rs 87.67 per litre, respectively, in the capital.

CityPetrol Price (₹/litre)Diesel Price (₹/litre)
New Delhi₹94.77₹87.67
Mumbai₹103.49₹90.01
Kolkata₹104.99₹91.81
Chennai₹100.79₹92.38
Bengaluru₹102.90₹88.99
Hyderabad₹107.45₹95.70
Patna₹105.58₹92.09
Lucknow₹94.69₹87.80
Noida₹94.87₹88.00
Jaipur₹104.72₹90.21

According to Hardeep Singh Puri, oil retailers were facing significant financial pressure, with projected under-recoveries of Rs 2 lakh crore and losses of nearly Rs 1 lakh crore during the April-June quarter, potentially erasing the profits earned in the previous financial year. He said the government may be able to avoid taking “hard measures” only if the Strait of Hormuz reopens and crude oil prices fall to around $70 per barrel.
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