Petrol Price 05 May 2021 Update: As it happens every time, petrol and diesel prices are deregulated, but during the elections their prices either stop, or they are cut, but as soon as the election season is over, their prices start increasing. Huh. Petrol and diesel prices have increased for the second consecutive day. Let us tell you that on May 2, the results of elections have been announced in five states and union territories, including West Bengal, Tamil Nadu, Assam, Kerala and Puducherry.
Petrol and diesel prices increased for the second consecutive day
On May 4, the first increase in oil prices, then for the first 18 days, there was peace in the prices of petrol diesel. Today, petrol prices have increased by 17 paise, while diesel has been expensive from 19 paise to 21 paise. Petrol has become expensive from 20 paise to 32 paise in these two days, while diesel has become expensive by 37 paise. Talking about four metro cities, diesel has become expensive in all cities, but in Delhi, petrol has become 8 paise cheaper.
Petrol and diesel became cheaper in March, April
Earlier, the common people got some relief from expensive petrol and diesel on April 15. Petrol and diesel prices were cut three times in April and in the month of March. Before April 15, the last change in the prices of petrol and diesel took place on 30 March 2021. Petrol in Delhi was cheaper by 22 paise and diesel by 23 paise. Petrol became 61 paise cheaper in March and diesel prices were reduced by 60 paise. The biggest reason for the reduction of petrol diesel prices 3 times in March was the weakness of crude oil in the global market.
Petrol crosses Rs 101 in many cities
There are many cities in the country where petrol is being sold beyond 100 rupees for many months today. Petrol is being sold at Rs 101.61 in Sri Ganganagar in Rajasthan, while the rate of petrol in Anuppur in Madhya Pradesh is Rs 101.33 per liter. Petrol is available in Nagarabandh of Madhya Pradesh for Rs 101.88. Petrol is also 100.97 rupees per liter in Rewa of Madhya Pradesh, here in Chhindwara petrol is 100.62 rupees per liter.
Petrol and diesel became expensive in May
Petrol in Delhi today is being sold 8 paise cheaper than Rs 90.55 per liter and is being sold at Rs 90.47 per liter. In other cities like Mumbai petrol is Rs 97.12, in Kolkata petrol is Rs 90.92. And in Chennai, petrol is being sold from Rs 92.70 to Rs 92.55. That is, petrol has become expensive in other metro cities except Delhi.
Petrol prices in 4 metro cities
City yesterday rate today’s rate
Delhi 90.55 90.47
Mumbai 96.95 97.12
Kolkata 90.76 90.92
Chennai 92.55 92.70
Petrol and diesel fire in 2021
Before the increase in May, petrol and diesel prices have come down three times in March and once in April, but before this, the rate of petrol and diesel was increased 16 times in February. Earlier in January, rates were increased 10 times. During this time, the price of petrol was increased by Rs 2.59 and diesel by Rs 2.61. So far in the year 2021, the prices of oil have been increased by 26 days. During this time, petrol has become expensive by Rs 6.76 per liter. On January 1, the price of petrol was Rs 83.71, today it is Rs 90.47 per liter. Similarly, from January 1 to today, diesel has become costlier by Rs 7.25 per liter. On January 1, the price of diesel in Delhi was Rs 73.87 per liter, today it is Rs 81.12.
Petrol became costlier by Rs 21 in 1 year
If comparing today’s prices with the prices of the year before, then on 05 May 2020, the rate of petrol in Delhi was Rs 69.59 per liter, that is, petrol has become expensive by Rs 20.88 per liter in the year. Diesel was also Rs 62.29 per liter on 05 May 2020, which means diesel has also become costlier by Rs 18.83 per liter in a year. Let us tell you that a year ago, during this period, crude oil was below 30 dollars per barrel.
After petrol, now let’s put a nozzle on the new prices of diesel. Diesel in Mumbai has been reduced to Rs 88.19. Diesel is being sold in Delhi at Rs 81.12 per liter. In Kolkata, diesel is being sold at Rs 83.98 and in Chennai the diesel rate is Rs 86.09. The most expensive diesel in Delhi was sold in the last week of July 2019, when the price was Rs 81.94 per liter and petrol rate was Rs 80.43 per liter. That means expensive diesel was sold from petrol at that time.
Diesel price in 4 metro cities
City yesterday rate today’s rate
Delhi 80.91 81.12
Mumbai 87.98 88.19
Kolkata 83.78 83.98
Chennai 85.90 86.09
Central and state governments levy heavy tax
In the price of petrol, 60 percent is the share of central excise and state tax, while in diesel it is 54 percent. Central excise duty on petrol is Rs 32.90 per liter, while on diesel it is Rs 31.80 per liter. Petrol diesel prices usually change daily, these prices are decided on the basis of benchmark international crude prices and foreign exchange rates.
See for yourself the price of petrol diesel in your city
You can also know the price of petrol and diesel through SMS. Indian Oil IOC gives you the facility to write RSP in your mobile and your city code and send it to number 9224992249. Petrol and diesel rates will come to your city immediately on your mobile. Each city code is different, which IOC gives you on its website.