Fuel prices on May 11 : Petrol, diesel rates unchanged in major cities

Petrol and diesel prices remained unchanged on Thursday, May 11 across New Delhi, Kolkata, Mumbai, and Bengaluru.

Petrol and diesel prices remained unchanged on Thursday, May 11 across New Delhi, Kolkata, Mumbai, and Bengaluru.

Petrol in Delhi is being sold at Rs 96.72 a litre while diesel is being sold at Rs 89.62 a litre. Whereas in Mumbai, petrol is available at Rs 106.31 and diesel at Rs 94.27 per litre.

Petrol in Kolkata is priced at Rs 106.03 and diesel is Rs 92.76 per litre. On the other hand, petrol is being sold at Rs 102.63 and diesel at Rs 94.24 per litre in Chennai.

In other news oil prices rose in early Asian trade on Thursday after strong demand for fuels in the U.S. outweighed concerns about the possibility of the world's biggest oil producer and consumer defaulting on its debt. Brent crude futures rose by 26 cents, or 0.34 percent to $76.67 a barrel by 0015 GMT. U.S. crude futures rose 28 cents to $72.84.

Last week on May 3, Food and Consumer Affairs Minister Piyush Goyal expressed confidence that the country will achieve the target of 20 per cent blending of ethanol with petrol by 2025 and asserted that maize crop will play an important role in implementation of this programme.

The minister highlighted that the blending of ethanol with petrol has increased to 10 per cent in 2021-22 marketing year from just 1.53 per cent in 2013-14 on the back of efforts made by farmers and industry, aided by favourable government policies.

He said the supply of ethanol to oil marketing companies (OMCs) increased to 408 crore litre in 2021-22 from 38 crore litre in 2013-14.