Petrol Price In Chhattisgarh Today

Petrol price in Chhattisgarh today is computed based on the ‘Dynamic Fuel Pricing’ mechanism. Here, you can check the current petrol price in Chhattisgarh, find today's petrol price along with quarterly price trends in Chhattisgarh. New petrol prices in Chhattisgarh are updated by state-run oil firms daily and are effective from 6:00 am IST.

Know how petrol prices in Chhattisgarh are computed and how it compares to other states. Also, find the current Chhattisgarh petrol price and components which influence petrol prices in India. Additionally, you can check the highest and lowest petrol prices recorded during a month.

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  • Today's Petrol Price ( 21 Oct 2019 )
    ₹ 74.03
    Current Petrol Price Per Litre
    Compare Petrol Price in Chhattisgarh (Today & Yesterday)
    Today
    (21 Oct 2019)
    Yesterday
    (20 Oct 2019)
    Rate Change
    Petrol ( / litre) ₹ 74.03 ₹ 74.03 ₹ 0 ↑
    Petrol Price in Chhattisgarh - Last 10 Days Data
    Date Petrol ( / litre)
    21 Oct 2019 ₹ 74.03
    20 Oct 2019 ₹ 74.03
    19 Oct 2019 ₹ 74.03
    18 Oct 2019 ₹ 74.03
    17 Oct 2019 ₹ 74.03
    16 Oct 2019 ₹ 74.03
    15 Oct 2019 ₹ 74.03
    14 Oct 2019 ₹ 74.08
    13 Oct 2019 ₹ 74.08
    12 Oct 2019 ₹ 74.08

    Petrol Rate Trend

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    Petrol Price in Chhattisgarh

    The state of Chhattisgarh is located in Central India and has a rich source of minerals. The state accounts for 15% of the country’s steel production and is one of the states with surplus power. The state is well connected by road, rail and air to several other states in the country. Public transportation in Chhattisgarh includes buses, auto rickshaws and taxis.

    Two-wheelers and four-wheelers have recently become an important source to commute between destinations in Chhattisgarh. With the rise in vehicular density in the State, petrol consumption is on the rise.

    Petrol prices in Chhattisgarh is revised on a daily basis in tandem with the new ‘dynamic fuel pricing’ mechanism. Why does the petrol price in Chhattisgarh change daily? What components influence the petrol prices in a city? Let’s review each of these questions to understand how oil companies fix the daily petrol price in Chhattisgarh.

    How Often Petrol Prices are Revised in Chhattisgarh?

    As mentioned, petrol prices in India are revised on a daily basis. The dynamic fuel pricing mechanism was introduced from 16 June 2017. Under this pricing methodology, Oil-Marketing Companies (OMCs) include the global crude oil price of the preceding day and the exchange rate of the US dollar.

    Prior to the dynamic fuel pricing mechanism, India followed the fortnightly revision. Oil companies revised fuel prices every fortnight taking into account the average price of the preceding fortnight. However, OMCs incurred losses as they were unable to pass on any increase or decrease in the international crude oil price to the consumer. Hence, the fortnightly fuel pricing mechanism was discontinued.

    Petrol prices in Chhattisgarh are updated daily at 6:00 a.m. IST automatically at automated fuel stations, while it’s manually updated at non-automated petrol pumps.

    What Causes Petrol Prices to Change?

    Several factors influence the petrol rate in Chhattisgarh and in other cities of India. These factors are external and internal in nature. While the global crude oil rate and the US dollar value are external in nature, profit margins of oil companies, dealer commision and taxes form the internal factors.

    • External Factors: The primary factor to influence the petrol price is the global crude oil price. India depends on nearly 70% of crude oil from oil-producing countries, which makes it an expensive commodity in the country. The price for a barrel of crude oil is dynamic in nature and fluctuates based on production cuts, shortage in supply, geopolitical tensions or fluctuations in the demand. These elements either increase or decrease the crude oil price in the international market. The second external factor is the exchange rate of the US dollar. Since trading of crude oil in the global market happens in US dollars, any fluctuations in the value of the US dollar impacts the final selling price of petrol in Chhattisgarh. If the US dollar appreciates over the Indian Rupee, the cost to purchase crude oil increases and vice versa.
    • Internal Factors: Internal or domestic factors include taxes levied by the government, operating costs and dealer commission. Tax on petrol is the biggest component in the petrol price. While the Centre levies excise duty at Rs.19.48 per litre on petrol, Chhattisgarh charges Value Added Tax (VAT) at 27.02%. Any revision in the tax rates impacts the petrol price in Chhattisgarh and in cities across India. Since OMCs transport the crude oil from oil-producing countries which is then refined and supplied to all the fuel stations in the country, they include their profit margin and operating costs before petrol is sold. Additionally, OMCs add dealer commission to the final selling price of fuel in the country.

    Ways to Track the Latest Petrol Price in Chhattisgarh

    With petrol rates revised daily, here are ways consumers can track the latest petrol price in a city. Oil companies have introduced several user friendly methods to find the current petrol price in a city. Consumers can make use of mobile apps such as the ‘Fuel@IOC’ by Indian Oil, ‘SmartDrive’ by Bharat Petroleum and ‘MY HPCL’ app by Hindustan Petroleum to get the latest petrol rates.

    For those customers looking to utilise the SMS service, the process below lets you find the petrol price.

    • Indian Oil: SMS RSP Dealer Code and send SMS to 9224992249.
    • Bharat Petroleum: SMS RSP Dealer Code and send SMS to 9223112222.
    • Hindustan Petroleum: SMS HPPRICE Dealer code and send SMS to 9222201122.

    Customers can also visit the OMCs’ respective website to track the latest fuel price in and across cities in the country.

    Computation of Petrol Price in Chhattisgarh

    Now that we understand the various factors which influence the petrol price in Chhattisgarh, here’s an example of the petrol price recorded on 3 June 2018. This table offers the breakup of the petrol price in Raipur, the capital of Chhattisgarh.

    Sl.No. Component Price
    1 Global Crude Oil Price + Freight Charges $78.30 per barrel = Rs.32.98/Litre (considering $1=66.96 and 1 barrel oil = 159 litres)
    2 Profit margin of Oil Companies, transportation, refining, and operational costs Rs.5.32/Ltr
    3 Central Excise Duty + Road Cess Rs.19.48/Ltr
    4 Dealer Commission Rs.3.63/Ltr
    5 Value Added Tax (VAT) Rs.16.59/Ltr
    Total Retail selling price of petrol in Raipur Rs.78.01/Ltr

    Petrol Vs. Diesel Price in Chhattisgarh

    Petrol prices are higher compared to diesel in Chhattisgarh. This is due to the higher taxes that petrol attracts over diesel. Currently, petrol attracts excise duty of Rs.19.48 per litre, while diesel is charged Rs.15.33. Chhattisgarh levies VAT at 27.02% and 25.81% on petrol and diesel respectively.

    GST on Petrol in Chhattisgarh

    Currently, petroleum products such as petrol and diesel do not come under the new Goods and Service Tax (GST). These commodities continue to come under the excise duty and VAT taxation regime. The current taxes levied on petrol is higher compared to the highest GST slab of 28%. Bringing petrol under the ambit of GST will cause losses to both the Centre and the State in terms of revenue. That said, if petrol comes under the GST, price for a litre of petrol will reduce significantly.

    Also Check Petrol Price in NearBy Cities of Chhattisgarh

    *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 Chhattisgarh Today

    • Sharp Rise in Crude Oil Prices Tanks SpiceJet, Indigo Shares

      Shares of SpcieJet and Indigo tanked over 5% while InterGlobe Aviation (IndiGo) fell by 3% amid sharp incline in crude oil prices in the international oil market. Oil prices rose to three-weeks highs after Iran shot down a US military drone, raising concerns about a fresh conflict in the Middle East and cut in supplies. Meanwhile, the aviation ministry has distributed Jet Airways’ foreign flying rights among Indian flights through an allocation process. SpiceJet and IndiGo have got the maximum number of rights, with 84 weekly flights for the first and 77 for the second. All of the allocations for three months. Passenger traffic in the domestic segment witnessed a rebound in May after it increased by 2.96% after a decline in April, as per the data released by the aviation regulator DGCA last Tuesday. IndiGo continued to maintian its lead position with 49% market share of the domestic passenger market in May and SpiceJet’s market share inclined from 13.1% in April to 14.8% in May, making it the second in market share, the data reflected. The shares of SpiceJet ended 5.63% down at Rs.123.25 while shares of IndiGo declined by 1.32% at Rs.1,562. International crude oil prices have been on the boil since early this year due to the supply cuts led by the OPEC and its allies as well as due to trade war between the US and China and US curbs on Iran and Venezuela.

      26 June 2019

    • Petrol prices remain stable as of Thursday

      Oil Marketing Companies (OMCs) on Thursday kept the rates of petrol unchanged in the country. This was the third consecutive day when the rates remained constant. 

      In the national capital i.e., New Delhi, every litre of petrol was sold for Rs.72.86. In Mumbai, the financial capital of the country, consumers were required to pay Rs.78.43 for a litre of petrol. In the other two metro cities of the country i.e., Mumbai and Kolkata, the rates charged for a litre by OMCs as of Thursday were Rs.74.88 and Rs.75.62 respectively. 

      In the international oil market, the futures of Brent Crude oil rose on Thursday. It was trading at 69.36 dollars per barrel after climbing by 5 cents since their last close.  

      In the start of the year, the rates of petrol have gone up by about Rs.4 per litre in the major cities of the country. The rates of Brent crude oil has also increased considerably with the rates increasing by approximately 30 percent till date. 

      The rates of petrol in the country are revised as per the dynamic pricing scheme. The prices depend on the global crude prices on a 15-day average and the value of rupee against the US dollar. 

      4 April 2019

    • Petrol Prices Have Inclined by Rs.1.60 per litre so far this Year

      Oil companies hiked petrol and diesel prices marginally on Friday, the second straight day of hikes in prices. In Delhi, petrol is being sold at Rs.70.46 per lite and diesel at Rs.65.73 per litre. With today’s revision, petrol prices in Delhi and Mumbai have increased by a total of Rs.1.62 per litre and Rs.1.63 per litre, respectively so far this year. Diesel prices have so far this year increased by Rs.2.87 per litre and Rs.3.07 per litre, respectively. In Kolkata and Chennai, petrol rates have been hiked by Rs.1.61 per litre and Rs.1.73 per litre, respectively. Diesel prices in these cities have increased by Rs.2.90 per litre and Rs.3.09 per litre, respectively. Petrol and diesel prices are revised daily under the new ‘Dynamic Fuel Pricing’ method which considers the 15-day average price of the global crude oil price and the rupee-dollar exchange rate. Fuel prices differ from city to city and from petrol pump to petrol pump depending on the local sales tax or VAT and logistics charges.

      19 February 2019

    • Rupee Slumps Amid Rise in Crude Oil Prices

      The rupee closed at its lowest level in over seven weeks against the U.S. dollar today amid a significant incline in the global crude oil prices in the market. The Indian currency ended today at 71.80 per dollar its lowest since 14 December 2018. The rupee had settled at 71.24 against the dollar on Friday. The crude oil price inclined sharply today amid the U.S. sanctions on Venezuela’s state-run oil company caused concerns of a possible decline in supply from Venezuela. Prices of Brent Crude oil March Futures inclined above $63.60 per barrel during the second half of the day as compared to when it was trading at $62.75 per barrel on Friday. The rupee’s depreciation was also influenced by the concerns over the widening of the country’s fiscal deficit. As per the interim budget, the government targets a fiscal deficit of 3.4% of the GDP during the next fiscal year.

      4 February 2019

    • Current Account Deficit to Drop to 3% on Account of Crude Prices

      For the July - September quarter, the country’s current account deficit is expected to hit 3%, compared to the 2.4% seen during the previous quarter. According to various reports, much of this is occurred due to the rising crude oil prices. ICRA, a professional information and credit rating agency, said that the deficit will rise to around $19 to $21 billion the Q2 of FY 2019.

      ICRA Principal Economist Aditi Nayar, said that CAD would widen to USD 68-73 billion ot 2.6 percent of GDP in FY 2019. This would be a rise from USD 48.7 billion in FY 2018 1.9 percent of GDP. The number would remain this way if crude averages at $72 per barrel in the market. This is a significant rise compared to the previous two financial years, wherein it stayed at 1.9% of the GDP for the 2017-18 year and 0.6% of the GDP for the 2016 - 17 financial year.

      The agency further stated that as crude oil prices have dropped over the last month, dropping to around $60 per barrel, the outlook for the October-March quarters look significantly better. A concerning matter, however, is the rise in crude and crude-related imports which rose to $23 billion during the quarter as opposed to $17 billion the previous quarter.

      7 December 2018

    • Further Fall in the Prices of Petrol and Diesel

      The prices of petrol and diesel in Delhi were further reduced by 15 paise each on Friday. The revised price of per litre of petrol now is Rs.78.06 and that of per litre diesel is Rs.72.74. The current price of petrol in Mumbai, after a decrease of 15 paise, is Rs.83.57. The price of diesel here was cut down by 16 paise and the revised price is Rs.76.22 per litre.

      Kolkata and Chennai also witnessed a drop in the prices of the two fuels. While the revised retail price of per litre of petrol in Kolkata is Rs.79.98 (after a drop by 35 paise), the corresponding price of diesel now is Rs.74.60 (reduced by 15 paise).

      The current price of per litre of petrol in Chennai, after a drop of 16 paise, is Rs 81.08 and diesel, after an increase of 16 paise, is being sold at Rs 76.89 per litre.

      13 November 2018

    • Fuel Prices Touch All-Time High

      Petrol and diesel prices touched an all-time high on Thursday as State-run oil marketing companies (OMCs) hiked fuel prices between 20-22 paise per litre across all four major metro cities. Petrol costs Rs.79.51 per litre in Delhi - the cheapest amongst all four major metro cities - as per price notifications of oil companies. In Mumbai, a litre of petrol is available at Rs.86.91, while in Kolkata petrol is being sold at Rs.82.41 per litre, Rs.82.62 in Chennai. Diesel costs Rs.71.55 in Delhi, while in Mumbai, Kolkata and Chennai its available at Rs.75.96, Rs. 74.40 and Rs.75.61 respectively. Fuel prices have been on the rise due to a combination of higher crude oil price and the currency exchange value. Prices are revised on a daily basis by oil companies through the dynamic fuel pricing mechanism. New prices are applicable from 6:00 am IST.

      11 September 2018

    • Petrol and Diesel Prices Kept Unchanged Today

      State-run oil companies kept petrol and diesel rates unchanged in four metro cities on Wednesday, 15 August 2018. The rates are applicable from 6:00 am as stated by oil companies. Petrol is available at Rs.77.14 per litre in Delhi, Rs.80.10 in Kolkata, Rs.84.58 in Mumbai, Rs.80.14 in Chennai. Petrol rates are the cheapest in Delhi due to lower sales tax or Value Added Tax (VAT). Diesel is available at Rs.68.72 per litre in Delhi, while it’s Rs.71.56 in Kolkata, Rs.72.96 in Mumbai and Rs.72.59 in Chennai. Fuel prices in Delhi are cheapest among all metros and some state capitals due to lower taxes. Petrol and diesel rates are revised every day as per the ‘Dynamic Fuel Pricing’ mechanism. Fuel companies fix petrol and diesel prices based on the international crude oil rate and the exchange rate of the US dollar over rupee. Fuel prices are updated automatically in automated petrol pumps, while it’s manually updated in non-automated petrol pumps.

      17 August 2018

    • Anticipated fall in crude oil prices and the announcement of earnings of a few blue-chip companies are likely to impact the movements in the market

      With an anticipated fall in the price of crude oil per barrel set to expand the present affirmative drive, the stock markets in India are more likely to receive signals from revenues declaration of a few globally-renowned enterprises. Since the earnings of a few corporate companies shall be released, we can expect this week to be fast-moving. Guarav Jain, who is the director at Hem Securities, said “We continue observing stock-specific tactic.

      A few major corporates such as Adani Power, Mahindra and Mahindra, Gail, Hindalco, NHPC, Lupin, Punjab National Bank (PNB), Bharat Petroleum Corporation Limited (BPCL), CIL and Adani Ports are all set declare their quarterly financial results this week. The market is positively impacted by the decision of the Reserve Bank India’s actions to slowly stiffen flows through increasing interest rates. Vinod Nair, who is presently working as the head of Research at Geojit Financial Services, said that the decision of the RBI to stiffen flows is a good sign. The momentum of market is likely to be impacted the monsoon.

      8 August 2018

    • Check Out Diesel Rates City-Wise

      On Monday, 23 July 2018, the prices of diesel decreased by 9 paise per litre in Delhi. Fuel companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum reduced the prices of diesel by 7 paise per litre in Kolkata, 10 paise per litre in Mumbai and 9 paise per litre in Chennai respectively. Oil importing countries proposed the Organisation of the Petroleum Exporting Countries (OPEC) to enhance the production of unrefined oil.

      Crude oil rates fell on Monday, 23 July 2018, owing to increasing concerns over the fuel demand. The price of US West Texas Intermediate future was declined by 0.2% whereas the price Brent crude oil was down by 0.3%. As on 23 July 2018, non-branded diesel prices stood at Rs.67.89 a litre in New Delhi, Rs.70.56 a litre in Kolkata, Rs.72.07 a litre in Mumbai and Rs.71.70 a litre in Chennai.

      25 July 2018

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