Petrol Price In Bangalore Today

  • Today's Petrol Price in Bangalore( 21 Oct 2019 )
    ₹ 75.78
    Current Petrol Price Per Litre
    Compare Petrol Price in Bangalore (Today & Yesterday)
    Today
    (21 Oct 2019)
    Yesterday
    (20 Oct 2019)
    Rate Change
    Petrol ( / litre) ₹ 75.78 ₹ 75.78 ₹ 0 ↑
    Petrol Price in Bangalore - Last 10 Days Data
    Date Petrol ( / litre)
    21 Oct 2019 ₹ 75.78
    20 Oct 2019 ₹ 75.78
    19 Oct 2019 ₹ 75.78
    18 Oct 2019 ₹ 75.78
    17 Oct 2019 ₹ 75.78
    16 Oct 2019 ₹ 75.78
    15 Oct 2019 ₹ 75.78
    14 Oct 2019 ₹ 75.83
    13 Oct 2019 ₹ 75.83
    12 Oct 2019 ₹ 75.83

    Petrol Rate Trend in Bangalore

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    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)

    Parameters Rates/litre
    1st October Rs.77.16
    7th October Rs.76.28
    Highest Rate in October Rs.77.16
    Lowest Rate in October Rs.76.28
    Overall Performance Decline
    Percentage Change -1.14%

    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)

    Parameters Rates/litre
    1st September Rs.74.41
    30th September Rs.76.94
    Highest Rate in September Rs.76.94
    Lowest Rate in September Rs.74.13
    Overall Performance Incline
    Percentage Change 3.40%

    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):

    Parameters Rates/litre
    1st August Rs.75.26
    31st August Rs.74.41
    Highest Rate in August Rs.75.26
    Lowest Rate in August Rs.74.23
    Overall Performance Decline
    Percentage Change -1.12%

    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):

    Parameters Rates/litre
    1st July Rs.72.82
    28th July Rs.75.62
    Highest Rate in July Rs.75.90
    Lowest Rate in July Rs.72.82
    Overall Performance Incline
    Percentage Change 3.84%

    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

    Trend of Petrol Price in Bangalore for June 2019 (rates per litre)

    Parameters Rates /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
    Overall Performance Decline
    Percentage Change 1.61%

    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.

    News About Petrol Price In Bangalore

    • Petrol prices remain steady on Wednesday

      State-owned Oil Marketing Companies (OMCs) on Wednesday kept the prices of prices of petrol unchanged across the country. Following the daily revision, a litre of petrol cost Rs.77.16 in the national capital while in Mumbai consumers were required to shell out Rs.78.88. In Hyderabad and Amravati, OMCs charged Rs.77.91 and Rs.77.52 for a litre on Wednesday. As for diesel prices, denizens residing in New Delhi were required to pay Rs.69.61 per litre. In Hyderabad and Amravati, consumers were required to pay Rs.72.42 and Rs.71.70 respectively.

      It needs to be mentioned here that the prices of fuel are revised daily in the country as per the dynamic pricing scheme. As the mechanism, the rates are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

      16 October 2019

    • Petrol prices increased by 7-8 paise per litre on Monday

      The rates of petrol were increased by 7-8 paise per litre on Monday across all the metropolitan cities of the country. Following the daily revision, a litre of petrol was retailed for Rs.74.42 in the national capital i.e., New Delhi. The rates were increased by 8 paise compared to the previous day’s prices. In the commercial capital i.e., Mumbai consumers were required to shell out Rs.80.08 while in Kolkata and Chennai, every litre cost Rs.77.10 and Rs.77.36 respectively. In Noida and Gurugram, OMCs charged Rs.75.77 and Rs.74.04 for a litre a petrol after the prices were hiked by 7 and 6 paise respectively. It must be noted here that the rates of petrol were the cheapest in New Delhi among all metropolitan cities and state capitals due to lower taxes. 

      In the international oil market, the prices of crude oil were up on Monday. The futures of Brent crude oil were up by 9 cents since the last close and was trading at $62 per barrel. The increase in the prices was accounted to Chinese factories increasing production in the month of September. This helped eased worries about demand at the world’s largest crude importer during the ongoing trade tensions. 

      30 September 2019

    • Petrol prices cut by 5-6 paise per litre

      State-run Oil Marketing Companies on Thursday cut the prices of petrol by 5-76 paise per litre. The reduction in the prices come after seven days when the prices were kept static across the major cities of the country. Following Thursday’s revision in the prices, every litre of petrol was retailed for Rs.71.95 in the national capital. In the other three metropolitan cities of the country i.e., Mumbai, Kolkata, and Chennai a litre cost Rs.77.62, Rs.74.66, and Rs.74.75 respectively. It needs to be mentioned here that the rates charged for a litre of petrol are the lowest in New Delhi among all the metropolitan cities due to lower taxes. In Noida and Gurugram, consumers were required to shell out Rs.73.89 and Rs.72.09 respectively for a litre.

      In the international oil market, the prices of crude oil shot up on Thursday. The jump in the prices was witnessed after Washington confirmed that trade talks with Beijing will be held in the coming weeks. The futures of Brent crude oil were up by 21 cents or 0.4% since the last close to be trading at $60.91 per barrel.

      It must be noted here that the prices charged for a litre of petrol are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar. This is because India imports 80% of the total crude requirement.

      6 September 2019

    • Petrol prices remain the same for third consecutive day

      The rates of petrol in the country were kept static for the third consecutive day on Friday. State-owned Oil Marketing Companies (OMCs) following Friday’s revision in the prices retailed a litre of petrol for Rs.71.84 in the national capital. In the commercial capital of the country i.e., Mumbai consumers were required to shell out Rs.77.50 for a litre. In the other two metropolitan cities of the country i.e., Kolkata and Chennai, a litre cost Rs.74.54 and Rs.74.62 respectively. It needs to be mentioned here that the prices charged for a litre of petrol in New Delhi is the cheapest among all metros and most state capitals as the taxes charged on the fuel is low.

      In non-metropolitan cities like Noida and Gurugram, OMCs sold a litre for Rs.73.79 and Rs.71.99 respectively.

      Globally, crude oil prices shot up on Friday. The jump in the prices ensured that the prices regained previous day’s losses. Brent crude futures were up by 10 cents since the last close and was trading at $60.02 per barrel. It is noteworthy to mention here that the chairman of the Federal Reserve Jerome Powell is likely to give indications on Friday on whether the Fed will cut the interest rates for the second time this year to boost the US economy.

      In India, the prices of fuel are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar. This is because India imports 80% of its total oil requirement.

      23 August 2019

    • Petrol prices in the country kept constant for second consecutive day

      State-owned Oil Marketing Companies (OMCs) have kept the rates of petrol unchanged in the country on Wednesday. This is the second consecutive day when the prices have remained constant across the metropolitan cities. Following Wednesday’s revision in the prices, every litre of petrol was retailed for Rs.71.99 in the national capital. In Mumbai, the financial capital of the country consumers were required to pay Rs.77.65 to purchase a litre of petrol. Consumers residing in the eastern and southern metropolitan cities i.e., Kolkata and Chennai were required to shell out Rs.74.69 and Rs.74.78 for a litre. In non-metropolitan cities of the country like Noida and Gurugram, OMCs charged Rs.71.56 and Rs.72.11 for a litre.

      In the international oil market, crude oil prices witnessed a drop. The futures of Brent crude oil were down by 35 cents or 0.6% since the last close and was trading at $60.95 per barrel. The drop in the rates was due to industry data indicating a surprising rise in US crude inventories last week. It needs to be mentioned here that last month Goldman Sachs had lowered the 2019 projection regarding oil demand. Previously, other forecasters like International Energy Agency (IEA) and OPEC had done the same.

      It must be noted here that the rates charged for fuel in the country are dependent on international oil prices and the value of rupee against the US dollar.

      14 August 2019

    • Petrol Rates Slashed by 15 Paise; Diesel Kept Unchanged

      State-owned Oil Marketing Companies (OMCs) slashed petrol prices by 15 to 16 paise per litre while diesel rates remained unchanged today across major metro cities of the country. In Delhi, petrol is being sold at Rs.72.37 a litre, down by 15 paise over yesterday’s price and diesel prices remain the same at Rs.65.94 a litre. In Mumbai, petrol costs Rs.78.02 a litre, down by 15 paise while diesel costs Rs.69.11 per litre. In Kolkata, petrol is being sold at Rs.75.06 per litre and diesel costs Rs.68.17 per litre. In Chennai, petrol is available at Rs.75.18 per litre, down by 16 paise while diesel is available at the same rate as yesterday. In Noida and Gurugram, petrol is being sold at Rs.71.86 and Rs.72.53 per litre, down by 12 and 15 paise, respectively. Diesel in these metros was being sold at Rs.65.10 and Rs.65.22 per litre, respectively.

      Fuel prices in India are proportional to crude oil prices in the international market and the rupee-dollar exchange rate as India imports more than 80% of its crude requirement. On Monday, crude prices in the international oil market declined amid concerns about weaker demand after the US said it would impose tariffs on more Chinese imports. Global benchmark Brent crude fell by 0.8% or 50 cents to $61.39 per barrel compared to its previous close.

      5 August 2019

    • ‘No Helmet, No Fuel’ Rule to be Implemented Soon in Bangalore

      The Bengaluru Traffic Police are all set to impose the ‘No Helmet, No Fuel’ rule across the city and have started discussion with fuel stations to cooperate with them. This comes after Noida and Aligarh’s No Helmet, No Fuel’ rule. Also, other states such as Kerala and Andhra Pradesh have enforced the same rule. Through this initiative, the traffic police are hoping that it will improve the awareness on rider safety amid increasing fatal accidents. The traffic police also said that they are seeking social cooperation for a good cause from fuel stations. As per the Bengaluru traffic police statistics, the fatal accidents amongst two-wheeler riders have been on rise over the years. The number of two-wheeler riders who died in 2018 was 150, 10 more than recorded in 2017. Until last month in 2019, the number of such fatal accidents had reached about 105.

      1 August 2019

    • Lower Fuel Cost in June Eases India’s WPI to 2.02%

      The rates of petrol were kept unchanged in all the major cities of the country for the second consecutive day on Sunday. In New Delhi, the rates charged for a litre of petrol was Rs.73.35 while in Mumbai consumers were required to pay Rs.78.96. In the eastern and southern metropolitan cities of the country i.e., Kolkata and Chennai every litre of petrol was sold for Rs.75.77 and Rs.76.18 respectively.

      In the international oil market, Brent crude oil and US West Texas Intermediate (WTI) oil were trading at $62.47 and $55.76 per barrel.

      It needs to be mentioned here that with India importing 80% of its total crude requirement, the rates charged by state-run Oil Marketing Companies (OMCs) are dependent on international oil prices and the value of rupee against the dollar. The rates are revised daily as per the dynamic pricing scheme that was adopted in June 2017.

      17 July 2019

    • Finance Secretary Says Hike in Fuel Prices to have Minimal Impact on Inflation

      Subhash Chandra Garg, the finance secretary has said that the hike in petrol and diesel prices will have a very marginal impact on inflation. He believes this because inflation is well below the most comfortable level of 4%. While speaking to a news agency, Garg added that the government was expecting Rs.90,000 crore as dividend during the current fiscal year. The amount mentioned does not include excess capital reserves that the central bank has to transfer to the government after finalization of the Bimal Jalan Committee report. It is noteworthy to mention here that RBI had transferred Rs.68,000 crore to the government including Rs.28,000 crore as interim dividend.

      After Finance Minister Nirmala Sitharaman raised the excise duty and road and infrastructure cess on Friday, the prices of petrol and diesel rose by at least Rs.2.40 and Rs.2.36 per litre on Saturday across all the metropolitan cities of the country.

      15 July 2019

    • Fuel Prices Remain Unchanged Today

      State-controlled Oil Marketing Companies (OMCs) kept petrol and diesel prices unchanged today across major metro cities of the country. In Delhi, petrol is being sold at Rs.70.43 per litre while diesel is being sold at Rs.63.39 per litre, no revision compared to yesterday’s price. On Monday, the prices of petrol and diesel were cut for the fifth consecutive day across major metro cities. Under the daily revision in prices, petrol prices were cut by 13 paise per litre while diesel prices were slashed by 11-12 paise. It may be noted that fuel prices in Delhi are much lower than other metro cities and state capitals due to lower taxes. In Chennai, petrol is available at Rs.73.17 per litre and diesel is available at Rs.68.11 per litre. Likewise, in Kolkata, petrol and diesel are being sold at Rs.72.68 and Rs.66.31 per litre, respectively, no revision compared to yesterday’s rate. In Mumbai, petrol costs Rs.76.12 per litre and diesel costs Rs.67.51. In other metros such as Noida, petrol is available at Rs.70.33 per litre and diesel costs Rs.63.80 per litre. In Gurugram, petrol and diesel costs Rs.70.85 per litre and Rs.63.89 per litre, respectively.

      The price of petrol and diesel are dependent on the international crude oil price and the exchange rate of the rupee against the US dollar as India imports more than 80% of its crude requirements. Since the elections ended, fuel prices in India have been on the decline. On Tuesday, crude oil prices in the international oil market remained subdued amid hopes that OPEC and its allies will continue with the supply cuts to prevent prices to slump in an economic slowdown which has impacted fuel demand growth. International benchmark Brent crude oil futures were trading at $62.36 per barrel, up by 7 cents or 0.1% compared to its previous settlement.

      12 June 2019

    Petrol Price In Metro Cities
    Petrol Price In Other Capitals
    Petrol Price In Other Major Cities
    Petrol Price In States

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