Today, Friday, May 22, petrol and diesel prices appear to be stable across India. However, it is still uncertain how much further fuel prices may rise. Considering the continuous losses being faced by oil companies, it is feared that the prices of petrol and diesel may increase again. It is worth noting that earlier this week, petrol prices were increased by 87 paise and diesel by 91 paise per litre; As a result, prices have remained at record highs ever since. You can check the current selling prices in your city today here. A detailed list of city-wise petrol and diesel prices is given below.
**How much loss are the oil companies incurring?**
Indian oil marketing companies are facing huge losses due to selling petrol, diesel and domestic LPG at prices below their actual cost. Overall, they are incurring a loss of around ₹1,380 crore per day. However, after the recent price hike of ₹3 per litre, the companies’ net daily loss has come down to around ₹750 crore. Apart from this, a look at the LPG figures shows that the companies are also incurring huge losses on cooking gas. According to HPCL, companies are currently incurring a loss of ₹670 on every 14.2 kg domestic LPG cylinder sold.
City Name Petrol Price Diesel Price New Delhi ₹98.64 ₹91.58 Mumbai ₹111.88 ₹99.95 Kolkata ₹107.12 ₹94.08 Chennai ₹107.59 ₹96.07 Noida ₹98.49 ₹91.81 Lucknow ₹98.42 ₹91.61 Jaipur ₹108.81 ₹94.05 Bangalore ₹109.70 ₹95.04 Hyderabad ₹110.02 ₹99.95