Petrol And Diesel Rates Steady On May 13 Across Mumbai, Kolkata, Chennai
Fuel prices remain unchanged across major cities on May 13.
Petrol and diesel prices in India remained unchanged on May 13, despite rising global crude oil prices and expectations of a possible revision in retail fuel rates. The latest developments come amid heightened market volatility and ongoing discussions within the government over how to manage mounting losses faced by state-run oil marketing companies (OMCs).
According to Petroleum Minister Hardeep Singh Puri, public sector OMCs are currently absorbing substantial daily losses, estimated at around ₹1,000 crore or more, as they continue selling fuel below international market-linked prices to shield consumers. Reports suggest that total losses could be significantly higher when broader market conditions are factored in, raising concerns about long-term sustainability if crude prices remain elevated.
In major metropolitan cities, fuel prices have stayed steady. In Delhi, petrol is priced at ₹94.77 per litre and diesel at ₹87.67 per litre. In Mumbai, petrol costs ₹103.50 per litre while diesel is around ₹90.01 per litre. Chennai and Kolkata also continue to see regionally higher rates due to state taxes and freight variations, but no immediate revisions were announced on Tuesday or Wednesday.
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The issue has gained urgency as global crude benchmarks, including Brent, continue to trade at elevated levels amid geopolitical tensions. Market analysts have pointed to sustained supply risks and disruptions in energy flows, which have kept oil prices volatile and pressured import-dependent economies like India. Earlier estimates suggested that oil companies could face multi-billion-rupee losses if crude remains above key thresholds for an extended period.
Discussions around possible price adjustments have also intensified following comments from senior policymakers. Officials have indicated that while fuel prices have so far been stabilised through a combination of excise duty management and absorption of costs by OMCs, this approach may become increasingly difficult to maintain if global prices remain high for longer.
Meanwhile, expectations of price hikes persist in the market, with some reports suggesting that diesel and petrol could eventually see upward revisions if pressure on refiners continues. However, no official decision has been announced following the latest Cabinet-level discussions, and authorities have not confirmed any immediate change in pricing policy.
At present, fuel prices remain unchanged across India’s major cities, with the government continuing to monitor global crude movements and domestic fiscal impact before taking any further steps.
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