By Admin 
- On May 29, prices of petrol and diesel remained stable across the country.
- On May 25, there was an increase of Rs 2.61-2.71 per liter.
- High prices of crude oil and global instability are the main reasons.
- Relief to oil companies due to reduction in tension in Western Asia.
Petrol-Diesel Price Today on May 29: Today, on May 29, fuel prices remain stable across India. Earlier on Monday (May 25), there was a huge increase in prices from Rs 2.61 to Rs 2.71 per liter. The increase on Monday was the fourth increase in the last two weeks. The reason behind this is the instability of the global energy market and the high level of crude oil prices.
City wise petrol and diesel rates
| City | Petrol price (per litre) | Diesel price (per litre) |
| Delhi | Rs 102.12 | Rs 95.20 |
| Mumbai | Rs 111.18 | Rs 97.83 |
| Kolkata | Rs 113.47 | Rs 99.82 |
| Chennai | Rs 107.77 | Rs 99.55 |
| Bengaluru | Rs 110.93 | Rs 98.80 |
| Hyderabad | Rs 115.69 | Rs 103.82 |
| Noida | Rs 102.38 | Rs 95.85 |
| Gurugram | Rs 102.59 | Rs 95.27 |
| Lucknow | Rs 102.05 | Rs 95.55 |
Why the difference in prices?
Due to different VAT and local cess (green cess) imposed in the states, the prices of petrol and diesel vary in cities. In the list given above, the most expensive petrol is currently in Hyderabad and the rate in Delhi is slightly lower as compared to other metros.
Why have the rates been kept stable?
Due to some easing of tension in Western Asia, there has been a slight decline in the prices of Brent crude oil in the international market, which has brought some relief to the domestic oil companies. Fuel prices at the pump are determined by a combination of global, economic and domestic factors. At its core is the international price of crude oil—the basic raw material for both petrol and diesel—and which has the biggest impact on the price consumers ultimately pay.
Rupee-Dollar exchange rate is also another important aspect because India is highly dependent on crude oil imports. When the rupee weakens against the dollar, the cost of purchasing crude oil increases, the direct effect of which can be seen in the increase in retail fuel prices.
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