Petrol and Diesel Prices Stabilize on June 5: Here's What You Need to Know
On June 5, petrol and diesel prices remain stable across major cities in India despite recent increases. The stabilization comes as inflation affects daily expenses.
Highlights
- •Petrol and diesel rates stabilize on June 5
- •City-wise detailed pricing in key metros like New Delhi, Mumbai, and Kolkata
- •Prices after four consecutive hikes within 11 days
- •Rising crude oil prices driving up fuel costs
As inflation continues to surge, impacting daily expenses such as groceries, travel, and fuel, the most recent update on petrol and diesel pricing shows no change in rates for June 5. This stabilization comes at a time when prices across cities like New Delhi, Mumbai, Kolkata, Chennai, Noida, and Chandigarh hover close to historic levels. The national capital, New Delhi, has seen petrol retailing at ₹102.12 per litre with diesel selling at ₹95.20 per litre.
City-Wise Petrol and Diesel Rates
In key metros, the prices are:
- New Delhi: Petrol - ₹102.12 per litre, Diesel - ₹95.20 per litre
- Kolkata (West Bengal): Petrol - ₹113.51 per litre, Diesel - ₹99.82 per litre
- Mumbai (Maharashtra): Petrol - ₹111.21 per litre, Diesel - ₹97.83 per litre
- Chennai (Tamil Nadu): Petrol - ₹107.77 per litre, Diesel - ₹99.55 per litre
- Noida: Petrol - ₹102.12 per litre, Diesel - ₹97.56 per litre
- Chandigarh: Petrol - ₹101.51 per litre, Diesel - ₹89.47 per litre
The upward trend in prices follows four consecutive hikes within 11 days:
- May 15th: Petrol by ₹3, Diesel by ₹3.29
- May 19th: Petrol by 87 paise, Diesel by 91 paise
- May 23rd: Petrol by 87 paise, Diesel by 91 paise
- May 25th: Petrol by ₹2.61, Diesel by ₹2.71
The main culprits behind this hike are rising crude oil prices and regional conflicts that have threatened the stability of global oil supplies.
