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Fuel prices across India\u00a0held largely steady on May 22 with minor fluctuations, after petrol and diesel rates were hiked for a second time earlier this week. This is due to global crude markets remaining volatile due to the ongoing conflict in West Asia and the disruption of traffic at the Strait of Hormuz.\u00a0<\/p>
Oil companies revised retail rates upward on Monday for the second time in one week, with petrol in New Delhi climbing by 87 paise to Rs 98.64 per litre and diesel rising by 91 paise to Rs 91.58.<\/p>
Don’t Miss:\u00a0Petrol, diesel prices may be gradually increased further, say sources<\/strong><\/p> Prices remain higher in Mumbai, where petrol is selling at \u20b9107.59\u00a0per litre and diesel at about \u20b994.08\u00a0per litre. Petrol prices in Hyderabad have now crossed\u00a0the \u20b9111 per litre mark. Diesel is also nearing the\u00a0\u20b9100 mark, as it reaches\u00a0\u20b999.95 in Hyderabad.<\/p> Check latest petrol prices here<\/strong><\/p> Fuel prices in key cities (May 22)<\/strong><\/p> Check latest diesel prices here<\/strong><\/p> What drives petrol and diesel prices in India?<\/strong><\/p> Fuel prices at the pump are shaped by a combination of global, economic, and domestic factors. At the heart of it is the international price of crude oil, the base raw material for both petrol and diesel, which has the single biggest bearing on what consumers ultimately pay.<\/p> The rupee-dollar exchange rate is another key variable, given that India relies heavily on imported crude. When the rupee weakens against the dollar, the cost of procuring crude rises, which can feed directly into higher retail fuel prices.<\/p> Why do prices differ across different cities?<\/strong><\/p> On top of that, taxes levied by both the central and state governments make up a substantial portion of the final price, which is why petrol and diesel rates differ across states. Transportation costs and prevailing demand-supply conditions also factor into the retail price consumers see at the pump<\/p> <\/div> fuel prices India, petrol price Mumbai, diesel price Delhi, global crude oil impact, West Asia conflict fuel prices, India fuel price hike, petrol diesel rates India, Mumbai fuel cost, Hyderabad petrol price, Indian rupee exchange rate impact#Petrol #Diesel #prices #today #Check #prices #Delhi #Mumbai #Kolkata #Chennai #Hyderabad1779419688<\/p> ","protected":false},"excerpt":{"rendered":" Fuel prices across India\u00a0held largely steady on May 22 with minor fluctuations, after petrol and diesel rates were hiked for a second time earlier this week. This is due to global crude markets remaining volatile due to the ongoing conflict in West Asia and the disruption of traffic at the Strait of Hormuz.\u00a0 Oil companies […]<\/p>\n","protected":false},"author":1,"featured_media":8617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[795,9813,622,16688,33075,20379,33076,9814,33081,33078,33082,9307,5421,33080,16687,33079,33074,1040,266,33077],"class_list":["post-8616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-check","tag-chennai","tag-delhi","tag-diesel","tag-diesel-price-delhi","tag-fuel-prices-india","tag-global-crude-oil-impact","tag-hyderabad","tag-hyderabad-petrol-price","tag-india-fuel-price-hike","tag-indian-rupee-exchange-rate-impact","tag-kolkata","tag-mumbai","tag-mumbai-fuel-cost","tag-petrol","tag-petrol-diesel-rates-india","tag-petrol-price-mumbai","tag-prices","tag-today","tag-west-asia-conflict-fuel-prices"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/8616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8616"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/8616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/8617"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8616"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
City<\/strong><\/td> Petrol (\u20b9\/litre)<\/strong><\/td> Diesel (\u20b9\/litre)<\/strong><\/td> <\/tr> Delhi<\/td> 98.64<\/td> 91.58<\/td> <\/tr> Hyderabad<\/td> 111.84<\/td> 99.95<\/td> <\/tr> Kolkata<\/td> 109.66<\/td> 96.07<\/td> <\/tr> Mumbai<\/td> 107.59<\/td> 94.08<\/td> <\/tr> Bengaluru<\/td> 107.14<\/td> 95.04<\/td> <\/tr> Chennai<\/td> 104.51<\/td> 96.13<\/td> <\/tr> <\/tbody> <\/table>