Last 7 days Petrol Price in Bangalore.
|Date||Petrol Price(Rs/Lt)||Price Change|
|Oct 21st 2019||75.83||0|
|Oct 20th 2019||75.83||0|
|Oct 19th 2019||75.83||-0.10|
|Oct 18th 2019||75.78||0|
|Oct 17th 2019||75.78||0|
|Oct 16th 2019||75.78||0|
|Oct 15th 2019||75.78||-0.05|
Petrol Rate in Bangalore
Bangalore is the capital city of the state of Karnataka. With more than 8 million people residing in the city, it is the third most populous city and fifth most populous urban agglomeration in India.
Find the current petrol price in Bangalore and factors affecting petrol prices in India. The below petrol price trend in Bangalore offers insights such as the highest and lowest petrol prices recorded during a month.
Trend of Petrol Price in Bangalore for October 2019 (rates per litre)
|Highest Rate in October||Rs.77.16|
|Lowest Rate in October||Rs.76.28|
October - Week 1 (1-7):
- Petrol prices in Bangalore opened the month of October at Rs.77.16 per litre. It was the highest recorded price for the month so far. Compared to the previous day’s prices, the rates increased by 20 paise per litre.
- The rates of the fuel dropped considerably in the city over the week as crude oil prices cooled down. As of 5 October, Oil Marketing Companies (OMCs) charged Rs.76.57 for a litre of petrol.
- The prices of petrol closed the first week of October at Rs.76.28 per litre in Bangalore as crude oil prices recorded its second consecutive weekly decline. The overall performance of petrol in the first week was -1.14%.
Trend of Petrol Price in Bangalore for September 2019 (rates per litre)
|Highest Rate in September||Rs.76.94|
|Lowest Rate in September||Rs.74.13|
September - Week 1 (1-7):
- Petrol prices in Bangalore opened at Rs.74.41 per litre on 1st September. The rates were similar to the one charged the previous day.
- The Petrol ratein Bangalore remained constant for the next three days before dropping by 3 paise on 5 September to cost Rs.74.38 per litre.
- The prices plummeted by 19 paise per litre in the last two days of the week record Rs.74.19 per litre on 7 September. Crude prices, however, gained in the global market after Washington confirmed of possible trade talks with Beijing in the coming days.
- The rates of petrol closed the first week at Rs.74.19 per litre with the overall performance being -0.29%
September - Week 2 (8-14):
- Petrol price in Bangalore opened at Rs.74.13 per litre on the 8th of September—6 paise lower than the previous day’s closing price. Meanwhile, in the international oil industry, crude futures dropped after participants reduced positions due to a weak trend in global markets.
- Petrol rate in Bangalore remained unchanged for a day before rising again on 10 September, recording Rs.74.18 per litre. The hike in prices was primarily due to a sharp drop in US inventories.
- Price of Petrol closed the week at Rs.74.41 per litre, recording a fair hike in its prices. As per the current trend, petrol is expected to shoot up in the coming days.
September - Week 3 (15-21):
- Petrol price in Bangalore opened at Rs.74.46 per litre—6 paise higher than the previous day’s closing price on the 15th of September.
- After staying stable for a day, petrol prices soared, recording Rs.74.61 per litre on 18 September. Meanwhile, in the international market prices slid after Saudi Arabia’s energy minister stated the kingdom will restore lost oil production by the end of the month.
- Petrol closed the week at Rs.75.83 per litre, its highest recorded price in the month of September. The substantial increase in petrol prices was primarily due to last week’s drone attack on Saudi Arabia’s Aramco oil refinery. The overall performance of petrol was 1.90%, trending upwards.
September - Week 4 (22-30):
- Petrol price in Bangalore opened the final week of September at Rs.76.11 per litre. The rates were 28 paise higher than the previous day’s closing price.
- Due to geopolitical tensions, the rates continued to soar over the week. The prices of petrol climbed to Rs.76.86 per litre in the city on 27 September before remaining constant for the next two days.
- The rates climbed by 8 paise on the final day of the month to close at Rs.76.94 per litre. It was the highest recorded price of petrol for the month in Bangalore. The overall performance of petrol in Bangalore was 3.40%, trending upwards.
Trend of Petrol Price in Bangalore for August 2019 (rates per litre):
|Highest Rate in August||Rs.75.26|
|Lowest Rate in August||Rs.74.23|
August 2019 – Week 1 (1-7):
- Petrol price in Bangalore opened at Rs.75.26 per litre on 1 August, 7 paise lower than the previous day’s closing price. State-run oil marketing companies decided to reduce the rates owing to weak demand. Meanwhile, in the international crude oil market, crude prices dropped after the possibility of a possible rate cut initiated by the US Federal Reserve got squashed. However, diesel in Bangalore remained stable without undergoing any price change.
- Petrol slumped further, recording Rs.75.10 per litre on 2 August, marking a drop of 16 paise per litre. Prices kept trending downwards with petrol closing at Rs.74.78 per litre on 5 August. In the international oil market, crude prices fell amid worries over weaker demand of the oil after the Trump administration declared that it would impose tariffs on more Chinese imports.
- Bangalore Petrol price closed the week at Rs.74.69 per litre, recorded on 7 August, its lowest price till now in the month of August. The overall decline in petrol price recorded in the first week of August is -0.75%. Meanwhile, in the international oil market, crude dropped owing to US-China trade tensions. With Trump announcing to impose more tariffs on Chinese imports, crude prices can drop further in the coming days.
August 2019 – Week 2 (8-14):
- Price of petrol price in Bangalore opened at Rs.75.26 per litre on the second week of August, recording a 6 paise drop from previous day’s closing price.
- Petrol dipped further by 16 paise on the next day, standing at Rs.75.10 per litre. The dip was primarily due to the ongoing US-China trade tension, fuelled further by Trump administration’s decision to impose more tariffs on Chinese imports.
- Petrol price in Bangalore slumped slightly in the next few days before stabilising at Rs.74.39 per litre. The overall performance compared to the opening day was -1.15% (decline). Meanwhile, in the international oil market, crude prices dropped due to possible supply cuts amidst looming global economic crisis.
August 2019 – Week 3 (15-21):
- Petrol rate in Bangalore opened at Rs.74.39 per litre on 15 August, unchanged from previous day’s closing price.
- Petrol remained stable before slumping to Rs.74.30 per litre on 18 August—recording a drop of 9 paise.
- Bangalore Petrol price dropped again on the next day, recording Rs.74.23 per litre. However, petrol stabilised soon after and closed the week at Rs.74.23 per litre—its lowest recorded price in the month of August. However, in the international oil market, crude prices went up following a drop in US inventories. However, the gains were not that significant due to the weak demand of the oil because of sluggish economic growth in the global market.
August 2019 – Week 4 (22-31):
- Petrol in Bangalore opened at Rs.74.23 per litre, unchanged from previous day’s closing price. After staying stagnant for the next few days, petrol prices went up marginally, recording Rs.74.47 per litre on 26 August. In the international oil market, crude gained after US inventories recorded a substantial slump.
- Petrol prices were slashed by 6 paise on the next day, recording Rs.74.41 per litre. Petrol remained unchanged till the end of the week.
- Overall, petrol’s performance in Bangalore was -1.12%, trending downwards. In the international oil market, crude slumped after concerns about the strength of US economy.
Trend of Petrol Price in Bangalore for July 2019 (rates per litre):
|Highest Rate in July||Rs.75.90|
|Lowest Rate in July||Rs.72.82|
July 2019 – Week 1 (1-7):
- When the week began, petrol in Bangalore was priced at Rs.72.82 per litre, the lowest rate recorded during the 1st week of July marked by the decline in crude oil prices due to supply cuts led by the OPEC and its allies to contain the rising oil prices.
- Prices were reduced by 7 paise on 2 July by State-run Oil Marketing Companies (OMCs) in accordance with the daily revision. This remained unchanged until the 6th of July.
- On 7 July, petrol prices were at its weekly high of Rs.75.42 per litre as OMCs hiked prices after the Central Government, in its Budget 2019, increased the excise duty, and road and infrastructure cess by Rs.2 per litre.
July 2019 – Week 2 (8-14):
- When the week began, petrol in Bangalore was priced at Rs.75.42 per litre, unchanged from yesterday after the Central Government announced to raise the excise duty on petrol and diesel by Rs.2 per litre to increase its revenue to fund social welfare schemes.
- On 9 July, petrol prices were decreased to Rs.75.37 per litre which remained unchanged until 13 July amid lowering of crude oil prices amid restart of talks between the US and China over trade which has been dragging the global economy.
- By the end of the week, petrol prices in city rose to its weekly high of Rs.75.55 per litre marked by the slight increase in crude oil prices amid tensions in the Middle East despite the ongoing supply cuts led by the OPEC.
July 2019 – Week 3 (15-21):
- Petrol price in Bangalore on 15 July stood at Rs.75.69 per litre – the lowest price recorded during the week despite rising crude oil prices in the oil market after China reported its slowest quarterly economic growth in at least three decades indicating concerns about demand in China.
- During the week Oil Marketing Companies (OMCs) continued to hike petrol prices in the city to touch Rs.75.83 per litre on 21 July amid rising crude oil prices due to tensions in the Middle East and the slowdown of China’s economy.
- By the end of the week, prices of petrol in Bangalore inclined sharply after crude oil prices inched by 1% amid shooting down of an Iranian drone by the US escalating tensions in the region.
July 2019 – Week 4 (22-28):
- Petrol in Bangalore opened at Rs.75.83 per litre on 22 July, unchanged from the previous day’s closing price. Prices remained stable primarily because of the lack of demand in crude oil among investors amid growing tensions in the Middle East.
- Petrol prices went up slightly on the next day, standing at Rs.75.90 per litre, the highest of the month. Petrol remained stable till the next day, after which it fell to Rs.75.83 per litre on 25 July. In the international oil market, crude gained midst reports of a huge drop in US inventories and after the US Navy said it may have downed a second Iranian drone last week.
- Petrol in Bangalore continued to drop, closing the week at Rs.75.62 per litre on 28 July. Weak demand among the market players could be one of the most obvious reasons of the price drop. Also, Goldman Sachs had earlier slashed its 2019 oil demand projection, thereby lowering its outlook for fuel use. As per IEA, it’s unlikely the prices will go up considerably in the coming days due to weak demand and glut in the international crude market.
Also Check Petrol Price in Metro Cities
|Petrol Price Delhi||Petrol Price in Chennai||Petrol Price n Hyderabad|
|Petrol Price in Mumbai||Petrol Price Kolkata||Petrol Price Pune|
Trend of Petrol Price in Bangalore for June 2019 (rates per litre)
|2nd June||Rs.73.89 per litre|
|30th June||Rs.72.72 per litre|
|Highest Rate in June||Rs.73.89 per litre on 2 June|
|Lowest Rate in June||Rs.72.26 per litre from 16 June to 23 June|
June 2019 - Week 1 (2-8):
- Every litre of petrol was retailed for Rs.73.89 on June 2. However, the rates dropped over the week with the lowest price of Rs.73.31 being recorded on June 7 and 8.
- The drop in the prices was due to constant fluctuations in crude oil prices over the week. The fluctuations were because of trade tensions escalating worries of a global economic slowdown.
- On June 7, the price of crude oil went up by nearly 1% after reports emerged that the Trump administration could delay trade tariffs on Mexico. Signs that OPEC and other producers were likely to extend crude supply reductions also helped matters.
June 2019- Week 2 (9-15):
- For the second week of the month, the rates opened at Rs.73.31 as Oil Marketing Companies (OMCs) refrained from hiking or slashing the rates.
- On June 10, the rates shot up by 47 paise to cost Rs.72.78 per litre. The prices remained constant for the next couple of days.
- In the last three days of the week, the prices began to come down as crude oil prices dropped after making huge gains in the previous due to attacks on two tankers in the Gulf of Oman.
June 2019- Week 3 (16-22):
- On 16 June, the rates charged for a litre of petrol in Bangalore was Rs.72.26, a drop of 6 paise compared to the previous day.
- The rates remained constant for the entire week even though crude oil prices went up due to a variety of reasons. One reason for it was official data showed that US crude stocks declined more than expected.
- Crude oil prices continued to jump over the week after Iran shot down a US military drone. It was combined with expectations that a cut fall in US interest rates may accelerate global growth.
June 2019 - Week 4 (23-30):
- In the fourth week of the month, petrol prices opened at Rs.72.26 in Bangalore. The rates charged were the same as the one charged in the previous six days.
- The rates climbed on June 24 by 12 paise per litre and was retailed for Rs.72.38. The prices remained unchanged for the next two days i.e., 26 June.
- In the last four days of the month, the rates increased by 44 paise even though crude oil prices dropped as traders kept a watch on the G20 summit and the OPEC meeting.
Petrol Prices to Increase by Rs.2 per litre after Govt. Proposes Increase in SAEL and cess (Date:5th July'19)
Union Finance Minister Nirmala Sitharaman today in the Union budget proposed to increase special additional excise duty (SAEL) and infrastructure cess by Rs.1 per litre on petrol. The proposal is set to make petrol prices dearer by Rs.2 per litre in the country. Currently, the government charges Rs.7 per litre of SAED on both branded and unbranded petrol. As for the road and infrastructure cess, Rs.8 per litre is being charged.
It needs to be mentioned here that in the previous Union budget the government had cut the basic excise duty on petrol by Rs.2 per litre. However, it did not result in any reduction of prices as the cut had been offset by an additional levy of Rs.8 per litre under levy of Road and Infrastructure cess.
Petrol Price in Bangalore Compared to Other Metro Cities
Compared to other five metro cities in India including Mumbai, Kolkata, Delhi, Chennai and Hyderabad, the petrol price in Bengaluru is the fifth highest followed by Delhi, which is offering it at the lowest price of Rs.70.64 per litre against Bengaluru’s price of Rs.72.91, as on 20 January 2019.
Mumbai tops the list by offering a litre of petrol at Rs.76.22, followed by Hyderabad (Rs.74.89 per litre), Chennai (Rs.73.27 per litre) and Kolkata (Rs.72.69 per litre).
How Often Petrol Prices are Revised in Bangalore?
Starting 16 June 2017, petrol prices in Bangalore and other cities in India are being revised on a daily basis with the introduction of dynamic fuel pricing, which is also known as daily revision of fuel prices.
The decision of daily revision of petrol prices, which were revised every 15 days earlier, has been taken to pass even the minute change in the international crude oil prices to the end consumer.
According to the new revision regime, petrol prices will be updated by 6a.m every day at all the petrol pumps in Bangalore.
Consumers can get the prices through mobile apps of respective oil companies and also by visiting their respective websites.
Factors Affecting Petrol Rate in Bengaluru:
Petrol pricing is composed of various elements including the international crude oil price, freight charges, refining charges, oil marketing company’s profit margins, dealer’s commission, state and central taxes and other charges such as pollution cess and the pump maintenance charges.
While most of the elements remain the same from the city to city, one major factor that significantly impacts the petrol price in Bangalore or any other India city is the value added tax (VAT) levied by the state government.
In case of Bengaluru, it is the VAT levied by Karnataka government on petroleum products that brings difference in its price.
The price of petrol also varies from one fuel company to another. The rate offered by IOC is different from the rate offered by BP and HP petrol pumps.
Other factors that bring marginal changes in the petrol rate are dealer’s commission and petrol pump maintenance charges, which are different for different pumps across the city.
State Taxes and Petrol Price in Bangalore
The state of Karnataka levies only value added tax (VAT) on petroleum products unlike some other Indian states which also charge entry tax on petrol. The Karnataka government abolished 5% entry tax, payable by the dealer, on fuel on 29 June 2017, making petrol cheaper in the state compared to other southern states.
The government charges 32% VAT on Petrol, the cheapest among the south Indian states. The highest is charged by the Tamil Nadu government at 34%.
Effect of GST on Bangalore Petrol Price
Currently all the petroleum products are kept outside the purview of GST (goods and services tax), hence there was zero impact of GST on the petrol rate in Bangalore, similar to that of other cities.
If petroleum products are brought under GST, the petrol price in Bangalore is expected to come down as the highest tax bracket under GST is 28%, whereas the current VAT and excise on petrol is more than 30%.
Petrol Rate versus Diesel Rate in Bangalore
Diesel compared to petrol is the cheapest fuel mostly used in four wheelers and other transportation vehicles. The price variation between petrol and diesel is mainly due to the different state and central taxes levied on both the commodities.
Compared to petrol, the state and central taxes are a little lesser on diesel, leading to less selling price of diesel compared to petrol.
While the central excise tax on petrol is Rs.17.98 per litre, it is Rs.13.83 on a litre of diesel. Similarly, VAT charged by Karnataka government on petrol is 32% per litre, while it is 21% on diesel. The change in the tax rate makes diesel Rs. 12-13/Lt cheaper than petrol in Bangalore.
*Disclaimer: BankBazaar makes no guarantee or warranty on the accuracy of the data provided on this page, the prevailing prices are susceptible to change and provided on an as-is basis. We accept no liability for any loss arising from the use of the data contained on this website.