Petrol diesel prices today 16 May 2021: After a day’s hiatus in the fast rising petrol and diesel prices, both state oil companies have again raised the fuel prices. Petrol and diesel prices are at record highs today. Petrol has crossed 100 in Rajasthan’s Sringeri Nagar (103.52), Madhya Pradesh’s Indore, Bhopal, Rewa, Anuppur and Parbhani in Maharashtra. Petrol in Delhi rose by 24 paise to Rs 92.58 a liter. Diesel too jumped 27 paise per liter to Rs 83.22 a liter. After the five-state election, petrol is priced at 2.21 paise in 10 days and 2.49 rupees a day in diesel.
See what petrol and diesel are selling at today’s major cities…
Name of the city | Petrol / liter | Diesel Rs |
Sri Ganga Nagar | 103.52 | 95.99 |
Anupura | 103.21 | 93.98 |
Reva | 102.85 | 93.65 |
Absolutely | 100.01 | 90.12 |
Indore | 100.7 | 91.69 |
Bhopal | 100.63 | 91.59 |
Jaipur | 99.02 | 91.86 |
Pune | 98.51 | 88.66 |
Patna | 94.89 | 88.46 |
Delhi | 92.58 | 83.22 |
Mumbai | 98.88 | 90.4 |
Chennai | 94.34 | 88.07 |
Kolkata | 92.67 | 86.06 |
Ranchi | 89.57 | 87.9 |
Bangalore | 95.66 | 88.22 |
Patna | 94.89 | 88.46 |
Chandigarh .. | 89.05 | 82.89 |
Lucknow | 90.37 | 83.6 |
Source: IOC
Petrol and diesel rates will thus be increased
Once excise duty, dealer commission and other items are added to the price of petrol and diesel, its price will double. If the central government excludes excise duty and state governments’ VAT, diesel and petrol rates may be around Rs 27 per liter, but neither the central nor the state government can remove the tax at any cost. Because the bulk of the revenue comes from here. This money leads to growth.
Prices are set every morning
In fact, in addition to foreign exchange rates, petrol and diesel prices fluctuate daily depending on the crude price in the international market. Oil market companies set petrol and diesel prices every day after checking prices. Indian Oil, Bharat Petroleum and Hindustan Petroleum revise petrol and diesel rates at 6am every morning.
Find petrol and diesel rates in your city
You can also check the price of petrol and diesel by SMS every day in your city. Indian Oil (IOC) customers can send RSP by writing 9224992249 and HPCL customers can send HPPRC by calling 9222201122. BPCL customers can write to 9223112222 and send RSP.