For the 26th day in a row, petrol and diesel prices stayed steady on Monday, May 2, 2022. Petrol remained priced at Rs 105.41 per litre in Delhi, while diesel remained priced at Rs 96.67 per litre. On Sunday, the price of petrol in Kolkata remained at Rs 115.12 per litre, while diesel stood at Rs 99.83 per litre. Petrol will cost Rs 120.51 per litre in Mumbai today, while diesel will cost Rs 104.77. Petrol remained sold at Rs 110.95 per litre in Chennai, while diesel remained sold at Rs 101.04 per litre.
In Bangalore, a litre of petrol costs Rs 111.09, while a litre of diesel costs Rs 94.79. Petrol and diesel prices in Chandigarh remained stable at Rs 104.74 and Rs 90.83, respectively. On Sunday, the price of petrol in Hyderabad remained unchanged at Rs 119.49 per litre, while the price of diesel stood at Rs 105.49 per litre.
Meanwhile, the Indian economy has been spared more concerns due to the strong dollar and rise in crude oil prices. Brent crude oil was down -1.36 dollars at USD 105.08 per barrel on Monday, while WTI Crude was down -1.21 dollars at USD 103.5 per barrel. The US Federal Reserve's monetary policy meeting, where the central bank is expected to hike interest rates by 50 basis points, as well as a staggering embargo on Russian exports, which is likely to be imposed by Germany, may keep the volatility ongoing.