Petrol and diesel prices across India remained largely stable on June 3, with no major changes reported in key metro cities including Delhi, Mumbai, Chennai, Kolkata, Bengaluru, and Hyderabad. Despite global crude oil fluctuations, oil marketing companies have kept retail fuel rates unchanged for most regions, offering temporary relief to commuters.
Fuel prices in India are revised daily at 6 AM based on international crude trends and currency exchange rates, but June 3 saw no significant revision in pump rates across major cities.
Petrol Price in Delhi, Mumbai, Kolkata, Chennai (June 3)
Here are the latest petrol prices in major cities:
Delhi: ₹94.72 per litre
Mumbai: ₹104.21 per litre
Kolkata: ₹103.94 per litre
Chennai: ₹100.75 per litre
Bengaluru: ₹102.86 per litre
Hyderabad: ₹107.41 per litre
Prices remain steady compared to previous day’s revision cycle, according to oil marketing companies.
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Diesel Prices in Major Cities
Diesel rates also saw no major change on June 3:Delhi: ₹87.62 per litre
Mumbai: ₹92.15 per litre
Kolkata: ₹90.76 per litre
Chennai: ₹92.34 per litre
Bengaluru: ₹88.94 per litre
Hyderabad: ₹95.70 per litre
Overall, diesel continues to remain costlier in metro cities like Mumbai and Hyderabad due to local tax structures.
Why Fuel Prices Remain Unchanged
Oil marketing companies (OMCs) revise fuel prices daily based on:
Global crude oil rates
Rupee vs dollar exchange rate
Local state taxes (VAT)
Transportation and refining costs
Despite global volatility, domestic retail prices have remained stable due to controlled adjustments by OMCs in recent cycles.
City-Wise Price Differences Continue
Even though national pricing trends remain steady, fuel rates vary significantly across states due to VAT differences.
For example:
Mumbai and Hyderabad continue to have some of the highest petrol prices in India
Delhi remains relatively cheaper due to lower VAT
Southern cities like Chennai and Bengaluru fall in the mid-to-high range
These variations often result in a noticeable gap of ₹8–₹13 per litre between states.
No CNG Hike Reported on June 3
Along with petrol and diesel, CNG prices also remained unchanged in most major cities. Transport fuel costs have stayed stable for now, offering some relief to commercial vehicle operators and daily commuters who depend on CNG-based transport systems.
Will Fuel Prices Change Soon?
Market analysts suggest that future fuel price movement will depend heavily on:
Crude oil supply decisions by OPEC+
Global demand trends during summer travel season
Currency fluctuations impacting import costs
If crude oil remains stable, domestic fuel prices are likely to stay in a narrow range in the coming days.
