Petrol, Diesel Prices Rise In Mumbai

India’s state-run fuel retailers raised petrol and diesel prices by 3 rupees a litre on May 15, ending a stretch of largely unchanged pump rates and pushing prices higher in Mumbai and other major cities. Mumbai petrol was listed at 106.68 rupees a litre after the increase, while diesel was shown at 93.14 rupees, according to city rate trackers and media reports. Reuters and the Associated Press reported the move was the first retail fuel price increase in more than four years. Indian Oil says daily revisions, when made, take effect at 6 a.m. ### How much are drivers in Mumbai now paying? Mumbai petrol was listed at 106.68 rupees per litre on May 15, according to a Mumbai fuel-price tracker. Diesel in Mumbai was listed at 93.14 rupees per litre on the same day. The reported increase from the previous day was about 3.14 rupees for petrol and 3.11 rupees for diesel, matching the nationwide 3-rupee revision reported by Reuters and other outlets. (msn.com) Delhi prices also moved up on May 15, with gasoline at 97.77 rupees a litre and diesel at 90.67 rupees, according to the Associated Press. Those benchmark city rates showed the increase was not limited to Mumbai but applied across India’s retail network. ### Who raised the prices, and how are they set? Reuters reported that India’s state-run fuel retailers raised the prices on Friday, May 15. (petroldieselprice.com) In India, the main public-sector fuel sellers are Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp, which account for most retail fuel sales. Reuters said the companies increased petrol and diesel prices by 3 rupees a litre as they sought to recover losses tied to higher global crude prices. (apnews.com) Indian Oil’s fuel-price page says petrol and diesel prices are revised daily at 6 a.m. The company says consumers can check indicative city prices through the IndianOil ONE mobile app or by sending an SMS with a dealer code to 92249 92249. Indian Oil also says outlet-level prices may vary within a city or sales area. ### Why did the increase come now? May 15 was the first increase in more than four years, Reuters reported. (msn.com) The news agency said the rise came as fuel retailers faced mounting losses after global crude prices climbed during the West Asia conflict. A PTI report carried by other outlets said pump prices had remained unchanged through the polling period for recent state assembly elections and were raised 16 days after those elections ended. (iocl.com) May 1 had brought a different message from Indian Oil. In a release archived on its website, the company said retail prices of petrol, diesel and domestic LPG had remained unchanged despite higher international fuel prices. That archive entry provides a dated marker showing that official messaging two weeks earlier still pointed to stable pump prices. ### What does the Mumbai number include? (msn.com) Mumbai’s pump price reflects base fuel cost plus central excise, state taxes, dealer commission and other local components, which is why city rates differ. Indian Oil says the prices available by SMS are indicative and can vary from outlet to outlet within a city. That means 106.68 rupees a litre is a posted city benchmark rather than a guaranteed uniform rate at every station. (iocl.com) Maharashtra has historically been among the higher-tax fuel markets, which helps explain why Mumbai prices sit above Delhi’s. The available official Indian Oil page does not publish a city-by-city tax breakup in the material reviewed here, but it does note that local variation exists at the pump level. ### Where can commuters and businesses check the next update? (iocl.com) Indian Oil says the next daily check for revised prices is 6 a.m. local time. The company lists Mumbai’s sample dealer code as 108412 for SMS-based price checks and says motorists can also use the IndianOil ONE app. For households, taxi operators and delivery businesses tracking fuel costs in Mumbai, those are the company’s listed channels for the next update. (iocl.com)