Petrol, diesel prices today remain stable in Delhi, Hyderabad, Chennai, Mumbai - 8 May 2020

Petrol and diesel prices on 8 May 2020 are left stable for the past two months across the country, but there are fluctuations in petrol and diesel prices due to a hike in VAT imposed by state governments. Off late the government of India has increased the tax by Rs.10 on petrol and Rs.13 in Diesel, which would have it's impact on the oil companies rather than on customers.

In Delhi, after a hike on Tuesday, the petrol price per litre remained stable at Rs. 71,26 per litre and the diesel at Rs.69.39 per litre and continued to be stable till today. In Mumbai, petrol remains at Rs.76.31 per litre and diesel price is also stable at Rs.66.21 per litre. In Chennai, the petrol price per litre is recorded at Rs. 75.54 per litre whereas diesel is priced at Rs. 68.22 per litre.

Going the petrol and diesel prices, petrol prices in Hyderabad have been turning more volatile, as prices of crude oil have been showing a firm trend. If we check todays petrol price in Hyderabad, it is recorded at Rs.73.97 and diesel at Rs. 67.82.

The petrol and diesel prices mentioned above are due at 8 in the morning and petroleum companies revise the petrol and diesel prices on the basis of crude oil prices in the international market. Against this backdrop, prices are subjected to change regularly.