Petrol and Diesel Rate Today 1 May 2023; LPG gas cylinder became cheaper, petrol-diesel prices also changed? See today’s prices
Crude oil price
Crude oil prices are constantly fluctuating. Today, prices have once again recorded a decline, with crude oil prices falling below $80 per barrel. Benchmark Brent fell half a percent to $79.82 a barrel while WTI crude fell 0.72 percent to $76.23 a barrel. Notably, the price of crude oil has seen a rise in the past few days.
Today’s price of petrol and diesel
Today, even on Monday, there has been no change in the price of petrol and diesel in the country. It means that on 1st May 2023, the oil companies have kept the prices of petrol and diesel fixed. Thus, today is the 344th consecutive day that there has been no change in the price of petrol and diesel in the country. The oil companies finally revised the prices of petrol and diesel in April 2022 while the central government cut excise duty on petrol and diesel in May 2022 to the common man’s relief. However, since then, the prices of petrol and diesel have remained the same at the country level for a year now.
Petrol prices are above Rs 100 in 16 states of the country. According to the latest updates of the official website of Indian Oil Corporation (IOCL) iocl.com, petrol is being sold at Rs 106.31 per liter and diesel at Rs 94.27 per liter in Mumbai today.
Petrol-diesel rates are updated daily
Oil marketing companies review the prices of petrol and diesel on a daily basis and fix the rates based on the fluctuation of crude oil in the international market. Indian Oil, Bharat Petroleum and Hindustan Petroleum oil companies update petrol and diesel price information in different cities every morning. However, the prices of petrol and diesel have remained constant across the country for many days.
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Meanwhile, petrol and diesel prices vary from state to state due to state-level taxes. You can know daily petrol and diesel prices in your city via SMS. If you are a customer of Indian Oil (IOCL), send RSP code to 9224992249, then the company will send you vehicle fuel rates within minutes.