Petrol Price In Delhi Today

Last 7 days Petrol Price in Delhi.

Date Petrol Price(Rs/Lt) Price Change
Jan 27th 2020 74.70 -0.18
Jan 26th 2020 74.88 0
Jan 25th 2020 74.88 +0.40
Jan 24th 2020 74.48 -0.23
Jan 23rd 2020 74.70 -0.18
Jan 22nd 2020 74.88 0
Jan 21st 2020 74.88 -0.16
More
  • Today's Petrol Price in Delhi( 28 Jan 2020 )
    ₹ 73.66
    Current Petrol Price Per Litre
    Compare Petrol Price in Delhi (Today & Yesterday)
    Today
    (28 Jan 2020)
    Yesterday
    (27 Jan 2020)
    Rate Change
    Petrol ( / litre) ₹ 73.66 ₹ 73.77 ₹ -0.11 ↓
    Petrol Price in Delhi - Last 10 Days Data
    Date Petrol ( / litre)
    28 Jan 2020 ₹ 73.66
    27 Jan 2020 ₹ 73.77
    26 Jan 2020 ₹ 73.93
    25 Jan 2020 ₹ 74.23
    24 Jan 2020 ₹ 74.48
    23 Jan 2020 ₹ 74.7
    22 Jan 2020 ₹ 74.88
    21 Jan 2020 ₹ 74.88
    20 Jan 2020 ₹ 75.04
    19 Jan 2020 ₹ 75.15

    Petrol Rate Trend in Delhi

    • 7 Days
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    • 6 Months

    Petrol Rate in Delhi

    Trend of Petrol Price in Delhi for January 2020 (Rates per litre):

    Parameters Rates/litre
    Parameters Rates/litre
    1st January Rs.75.18
    21st January Rs.74.88
    Highest Rate in January Rs.76.07
    Lowest Rate in January Rs.74.88
    Overall Performance Decline
    Percentage Change -0.39%

     January – Week 1 (1 - 7):

    • The Petrol price in Delhi opened at the rate of Rs.75.18 per litre for the first week of January 2020. This is similar to the rate of the previous day, i.e. the 31st of December 2019. However, the price of the fuel has been increasing constantly in the first week.
    • The US President Donald Trump had recently threatened to impose curbs on Iraq owing to the heated situation in the Middle East. Following this threat, a hike of more than 2% was witnessed in the Brent crude prices in the international market.
    • The week came to a close with the price of petrol standing at the rate of Rs.75.90 per litre on the 7th of January 2020. This was the highest recorded rate of the fuel for the week. The lowest recorded rate was on the 1st day of the week. The overall performance of the fuel witnessed an incline of 0.96%.

     January – Week 2 (8-14):

    • In Delhi, petrol price opened the second week of January at Rs.75.80 per litre. The rates dropped by 10 paise per litre when compared to the previous week’s closing price.
    • The rates of the fuel climbed over the next few days and touched the highest recorded price for the month on 11 January with every litre costing Rs.76.07. The jump in the prices was accounted to the turmoil in global oil markets due to the standoff between Iran and the United States.
    • Petrol price in Delhi slipped towards the end of the week and closed at Rs.75.76 per litre as tensions between the United States and Iran eased. Petrol’s overall performance in the national capital was 0.77%, trending upwards.

     January – Week 3 (15-21):

    • Petrol price in Delhi stood at Rs.75.76 per litre on 15 January. Compared to the previous week’s closing price, the rates remained unchanged in the national capital.
    • The rates of the fuel were on the decline over the week as Oil Marketing Companies (OMCs) cut the prices given that international crude oil prices softened.
    • As the prices slipped, a litre of petrol was sold for Rs.74.88, the lowest recorded price for the month till date. Petrol’s overall performance in the city was –0.39%, trending downwards.

    Trend of Petrol Price in Delhi for December 2019 (Rates per litre)

    Parameters Rates/litre
    Parameters Rates/litre
    1st December Rs.74.99
    29th December Rs.74.92
    Highest Rate in December Rs.75.04
    Lowest Rate in December Rs.74.67
    Overall Performance Decline
    Percentage Change -0.09%

     December – Week 1 (1--7):

    • Petrol price in Delhi stood at Rs.74.99 per litre on the 1st of December, 13 paise higher than the previous day’s closing price.
    • Petrol remained stable for the next few days at Rs.74.99 per litre.
    • Prices dipped on the 7th of December, with petrol closing at Rs.74.90 per litre, a 9 paise drop from the previous day’s closing price. Overall performance of petrol in Delhi was -0.12%, trending downwards.

     December – Week 2 (8--14):

    • Petrol price in Delhi stood at Rs.74.99 per litre on the 8th of December, 9 paise higher than its previous day’s closing price.
    • Prices improved on the next day with growing demand for the oil. Petrol stood at Rs.75.04 per litre, its highest recorded price in the month of December.
    • However, staying stable for a couple of days, petrol prices dipped with petrol closing the week at Rs.74.88 per litre. Overall performance of petrol in Delhi was -0.14%, trending downwards.

     December – Week 3 (15 - 21):

    • Petrol price in Delhi stood at Rs.74.78 per litre at the start of the third week of December. Compared to the previous week’s closing price, the rates fell by 10 paise per litre in the national capital.
    • The rates of the fuel fell in the next few days as the prices were slashed by state-run Oil Marketing Companies (OMCs) due to low demand. Petrol prices in Delhi slipped to Rs.74.68 per litre on 17 December.
    • In Delhi, petrol closed the third week of the month at Rs.74.67 per litre. The overall performance of the fuel in the capital was -0.42%, trending downwards.

     December – Week 4 (22 - 29):

    • In Delhi, petrol price started the fourth week of December at Rs.74.67 per litre. Compared to the previous week’s closing price, the rates of petrol didn’t see any change in the national capital.
    • The prices of the fuel remained constant for the next few days as Oil Marketing Companies pinned their hopes on a trade deal being signed soon between Washington and Beijing.
    • Petrol prices started to climb from 27 December due to the efforts of OPEC to cut supply and hopes of a breakthrough in the trade tensions between US and China. The fuel closed the week at Rs.74.92 per litre with the overall performance in the capital being -0.09%, trending downwards.

    Trend of Petrol Price in Delhi for November 2019 (rates per litre)

    Parameters Rates/litre
    Parameters Rates/litre
    1st November Rs.72.86
    30th November Rs.74.86
    Highest Rate in November Rs.74.86
    Lowest Rate in November Rs.72.60
    Overall Performance Incline
    Percentage Change 2.74%

     November – Week 1 (1 – 7):

    • In Delhi, the price of diesel for the first week of November, opened at Rs.65.81. The rate of the fuel on the previous day was Rs.65.91. There was a dip of 10 paise per litre in the price of diesel.
    • In the international market, the price of Brent oil went down by 26 cents and was being traded at $55.94 per barrel. The market also witnessed a dip in the demand of the fuel due to the Washington-Beijing trade war. The price of crude oil was relaxed in the international market owing to the upcoming European and US economic data.
    • The price of diesel in Delhi closed at Rs.65.76 at the end of the first week of November. So far, this is the lowest rate of diesel which has been recorded for the month of November. The overall performance of the fuel dropped by -0.08%.

    November – Week 2 (8 – 14):

    • Diesel price in Delhi stood at Rs.65.85 per litre on the 8th of November, 9 paise higher than the previous day’s closing price. Diesel further increased on the next day, reaching its peak at Rs.65.92 per litre.
    • However, after the steep rise, diesel prices fell, closing the week at Rs.65.80 per lite.
    • The overall performance of diesel in Delhi was -0.01%, trending downwards. Meanwhile, in the international oil market, fuel prices improved as data showed signs of improvement in US and China economies.

    November – Week 3 (15 – 21):

    • Petrol price in Delhi stood at Rs.73.63 per litre on the 15th of November, recording an 18 paise hike than the previous day’s closing price. Earlier, during the first week of November, petrol was in declining mode. However, the trend changed last week.
    • Petrol rate rose further in the following days, closing the week at Rs.74.20 per litre, its highest recorded price for the month of November till now.
    • The overall performance of petrol in Delhi was 1.83%, trending upwards. Meanwhile, in the international oil market, fuel prices improved as data showed signs of improvement in US and China economies.

    November – Week 4 (22– 30):

    • Petrol price in Delhi opened the fourth week of November at Rs.74.35 per litre. Compared to the previous day’s prices, the rates saw a hike of 15 paise per litre.
    • The rates continued to increase over the week as crude oil prices jumped in the international oil market and touched Rs.74.76 on November 26.
    • Petrol closed the final week of the month at Rs.74.86 per litre. This was the highest recorded price for petrol in November. The overall performance was 2.74%, trending upwards.

    Trend of Petrol Price in Delhi for October 2019 (rates per litre)

    Parameters Rates/litre
    1st October Rs.74.67
    31st October Rs.72.98
    Highest Rate in October Rs.74.67
    Lowest Rate in October Rs.72.98
    Overall Performance Decline
    Percentage Change -2.26%

    October - Week 1 (1-7):

    • The price of petrol opened the month of October at Rs.74.67 per litre in Delhi. It was the highest recorded price for the week. Compared to the previous day, the rates increased by 21 paise per litre.
    • Petrol price in Delhi dropped considerably over the week after staying constant for the next day. The drop in the prices was accounted to crude oil prices cooling down and reversing all gains.
    • The prices closed the first week of the month at Rs.73.83 per litre as the prices of crude oil slid to its second consecutive weekly decline. The closing price was the lowest recorded price for the month so far. The overall performance of petrol in Delhi was -1.13%

    October - Week 2 (8 - 14):

    • In Delhi, the rates of petrol opened the second week of October at Rs.73.65 per litre. The prices of every litre were down by 17 paise since the previous day’s closing price.
    • Petrol price in Delhi continued to fall in Delhi throughout the second week as crude prices fluctuated due to concerns about global economic growth and demand for fuel. OPEC indicating that it may make deeper cuts in supply and renewed geopolitical tensions in the Middle East also played its part when it came to fluctuating oil prices.
    • The rates closed the week at Rs.73.38 per litre, the lowest recorded price for the month so far. Petrol prices saw a drop of Rs.0.27 per litre over the week. The overall performance in Delhi was -1.72%, trending downwards.

    October - Week 3 (15 – 21):

    • Petrol price in Delhi opened the third week of October at Rs.73.33 per litre. Compared to the previous day’s prices, the rates were down by 5 paise per litre. The prices remained unchanged throughout the week.
    • Even though the rates of petrol were constant, crude oil prices fluctuated throughout the week due to concerns regarding demand for oil across the world.
    • The prices closed the week at Rs.73.33 per litre. This was the lowest recorded price for the month of October in the national capital. The overall performance of petrol was -1.79%, trending downwards.

    October - Week 4 (22 – 28):

    • Petrol price in Delhi opened the fourth week of October at Rs.73.28 per litre. There was a dip of 5 paise per litre when compared to the rates of the fuel on the previous day.
    • Although the Brent oil continued to be traded at more than $60 per barrel in the international market, the crude oil witnessed a fall in its price.
    • The price of petrol closed at Rs.73.04 per litre in Delhi at the end of the fourth week. This was the lowest recorded price of the fuel in the month of October. There was an overall downward trend of 2.18% in the performance of petrol.

    October - Week 5 (29-31):

    • Petrol price in Delhi opened at Rs.72.98 per litre on October 29—6 paise lower than the previous day’s closing price. In the international oil market, crude oil prices remained stable.
    • Petrol price remained unchanged on the next day in India. In the international market, oil prices were static too albeit Russia’s assurance to come to terms with OPEC to keep production in check and support prices.
    • Price of petrol in Delhi was recorded at Rs.72.98, marking a decline of -2.26%. Oil prices in India didn’t show any improvement in the entire month of October, recording a steady decline till the end of the month.

    Trend of Petrol Price in Delhi for September 2019 (rates per litre)

    Parameters Rates/litre
    1st September Rs.72.01
    30th September Rs.74.46
    Highest Rate in September Rs.74.46
    Lowest Rate in September Rs.71.75
    Overall Performance Incline
    Percentage Change 3.40%

    September - Week 1 (1-7):

    • The petrol price in Delhi opened the month of September at Rs.67.42 per litre. The rates were unchanged from what was charged the previous day.
    • Petrol in Delhi remained stable for the next few days as Oil Marketing Companies (OMCs) kept the prices constant due to low demand. However, in the international oil market, crude oil prices shot up as Washington confirmed that trade talks with Beijing will be held in the coming months.
    • The petrol rate in Delhi dropped towards the end of the week and closed at Rs.71.81 per litre. The overall performance of petrol in Delhi for the first week of September was -0.27%.

    September - Week 2 (8-14):

    • Petrol price in Delhi opened at Rs.72.01 per litre in Delhi on the 8th of August 4 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.
    • After staying stable for a day, price of petrol in delhi rose again on 11 September, recording Rs.71.80 per litre. The hike in prices was primarily due to a sharp drop in US inventories.
    • Delhi Petrol price closed the week at Rs.72.01 per litre, thereby marking a sharp increase since its 4 paise drop at the beginning of the week.

    September - Week 3 (15-21):

    • Petrol price in Delhi opened at Rs.72.07 per litre—6 paise higher than the previous day’s closing price on the 15th of September.
    • After staying stable for a day, petrol rate in Delhi soared recording Rs.72.46 per litre on 18 September.
    • Petrol closed the week at Rs.73.39 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 1.91%, trending upwards.

    September - Week 4 (22-30):

    • The price of petrol in Delhi opened the fourth week of September at Rs.73.66 per litre. The rates were 27 paise higher than what was charged the previous day.
    • Over the week, the rates of petrol continued to soar in the national capital due to geopolitical tensions. Petrol recorded the highest price for the month on September 30 with consumers needing to pay Rs.74.46 for every litre.
    • The increase in the petrol prices in Delhi was accounted to the drone attack carried out on Saudi Arabia’s Aramco oil refinery. The overall performance of petrol for the month was 3.40%, trending upwards.

    Trend of Petrol Price in Delhi for August 2019 (rates per litre)

    Parameters Rates/litre
    1st August Rs.72.86
    31st August Rs.72.01
    Highest Rate in August Rs.72.86
    Lowest Rate in August Rs.71.84
    Overall Performance Decline
    Percentage Change -1.16%

    August 2019 – Week 1 (1-7):

    • Petrol price in Delhi opened at Rs.72.86 per litre on 1 August, 6 paise lower than the previous day’s closing price. In the international crude oil market, crude prices dropped after the US Federal Reserve dismissed all the rumours revolving around rate cuts. However, diesel in Delhi remained stable without undergoing any price change.
    • Petrol rate slumped further, recording Rs.72.69 per litre on 2 August, marking a drop of 17 paise per litre. Prices dropped further, trending at Rs.72.52 per litre on 5 August. In the international oil market, crude prices fell amid worries over weaker demand after the Trump administration said it would impose tariffs on more Chinese imports.
    • Petrol closed the week at Rs.72.28, its lowest recorded price till now in the month of August. The overall decline in petrol price recorded in the first week of August is -0.79%. In the international oil market, crude price dropped owing to US-China trade tensions. With Trump announcing to impose more tariffs on Chinese imports, crude prices could drop further in the coming days.

    August 2019 – Week 2 (8-14):

    • Price of Petrol in Delhi opened at Rs.72.23 per litre on the second week of August—5 paise lower than the previous day’s closing price.
    • Petrol dipped further by 15 paise on the next day, standing at Rs.72.08 per litre. The dip was primarily due to the ongoing US-China trade tension.
    • Delhi Petrol price slumped slightly more in the next few days before stabilising at Rs. 71.99 per litre. Meanwhile, in the international oil market, crude prices fell because of the anticipation of further supply cuts amidst looming global economic crisis.

    August 2019 – Week 3 (15-21):

    • Petrol in Delhi opened at Rs.71.99 on 15 August, unchanged from the previous day’s closing price.
    • Petrol prices remained stable for the next few days before dropping to Rs.71.91 per litre on 18 August due to weak demand of the oil in the local market.
    • Petrol prices in Delhi slumped further, dropping to Rs.71.84 per litre. Prices stabilised at petrol closed at Rs.71.84, as recorded on 21 August. However, in the international oil market crude prices went up after a drop in US inventories. But the gains were minimal due to sluggish economic growth in the global market.

    August 2019 – Week 4 (22-31)

    • Petrol price in Delhi opened at Rs.71.84 per litre, unchanged from previous day’s closing price. After staying stagnant for the next few days, petrol prices went up marginally, recording Rs.72.07 per litre. 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.72.01 per litre. Petrol remained unchanged till the end of the week.
    • Overall, petrol’s performance in Delhi was -1.16%, trending downwards. In the international oil market, crude slumped after concerns about the strength of US economy.

    Petrol Price in Delhi:

    Delhi is the capital city and union territory of India bordered by Uttar Pradesh to the east and by Haryana to the west, the north and the south. The city has spread across an area of 573 sq mi. The population of the city was more than 11 million according to the latest census.

    With the advent of the Delhi Metro, the city has come out with a highly efficient, convenient system for public transport. The number of registered vehicles in the city is estimated to be 16.60 million, which is the highest among all cities in the world.

    The diesel consumption in the city has come down by 15% and the petrol consumption by 1.5% in 2011-2012. The diesel consumption recently has gone up with more number of diesel-run vehicles getting added to the city. The consumption of petrol is projected to rise by 10% by the end of the financial year 2017-2018 in Delhi.

    Also Check Petrol Price in Metro Cities

    Trend of Petrol Price in Delhi for July 2019 (rates per litre)

    Parameters Rates/litre
    1st July Rs.70.50
    28th July Rs.73.20
    Highest Rate in July Rs.73.47
    Lowest Rate in July Rs.70.50
    Overall Performance Incline
    Percentage Change 3.82%

    July 2019 – Week 1 (1-7):

    • Petrol price in Delhi was at Rs.70.50 on 1 July – the lowest price recorded during the month influenced by the slight drop in crude oil prices due to decline in production by the OPEC and its allies.
    • On 2 July, state-owned oil companies, in accordance with the daily revision, hiked petrol prices in Delhi by 7 paise to be sold at Rs.70.57 per litre, this remained unchanged until 6 July.
    • Petrol rate in Delhi rose to record its highest price of the week when it was available at Rs.73.01 per litre attributed by the hike in excise duty of Re.1 per litre and the road and infrastructure cess of Re.1 per litre.

    July 2019 – Week 2 (8-14):

    • Petrol price in Delhi stood at Rs.73.01 per litre when the week began due to the increase in excise duty of Rs.2 per litre after the Central Government announced while delivering the 2019 Finance Budget.
    • Prices were decreased to Rs.72.96 per litre on 9 July after crude oil prices declined amid concerns over decline in demand for crude after the latest indications that the trade tensions between the US and China have been impacting the global economy.
    • By the end of the week, petrol prices rose to its weekly high of Rs.73.14 per litre, inclining by marginally by 0.18% primarily due to slight incline in crude prices amid tensions in the Middle East despite supply cuts led by the OPEC and its allies.

    July 2019 – Week 3 (15-21):

    • Petrol was priced at Rs.73.27 per litre on 15 July, the lowest price recorded during the week amid falling crude oil prices after China reported its slowest quarterly economic growth in at least three decades, indicating concerns about demand from China.
    • Diesel petrol Prices were hiked by 6 paise per litre on 16 July which remained unchanged until 17 July before it was increased by 8 paise on 18 July, this remained unchanged until the end of the week despite rising crude oil prices in the oil market.
    • Overall, petrol prices in Delhi during this week inclined amid pressure on Brent Crude – the global benchmark – after the US shot down a Iranian drone, escalating tensions in the Middle East.

    July 2019 – Week 4 (22-28):

    • Petrol price in Delhi opened at Rs.73.41 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 in the international market amid growing tensions in the Middle East.
    • Petrol prices went up slightly on the next day, recording at Rs.73.47 per litre and remained stable till the next day after which it fell to Rs.73.41 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 Delhi started to drop from the next day, closing the week at Rs.73.20 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.

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

    Parameters Rates /litre
    2nd June Rs.71.53 per litre
    30th June Rs.70.40 per litre
    Highest Rate in June Rs.71.53 per litre on 2 June
    Lowest Rate in June Rs.69.96 per litre from 16 – 23 June
    Overall Performance Decline
    Percentage Change -1.58%

    June 2019 – Week 1 (2-8):

    • Petrol opened at Rs.71.53 per litre on 2 June, a marginal increase compared to the previous day’s price as it was impacted by the slight drop in crude prices in the international oil market.
    • Prices of petrol continued to decline over the week with the lowest price recorded at Rs.70.97 per litre on 7 June.
    • The decline in prices came amid the stabilization of crude prices as the international benchmark Brent crude futures, was down by 22 cents or 0.4% after plummeting 10% in the last four days.

    June 2019 – Week 2 (9-15):

    • The week opened with petrol being sold at Rs.70.97 per litre, no change compared to the previous day’s price.
    • State-run Oil Marketing Companies (OMCs) cut petrol prices further by 51 paise on 10 June and kept it unchanged until 12 June.
    • Prices continued to drop over the week and recorded its weekly low of Rs.70.02 per litre on 15 June impacted by the concerns of a trade war between the US and China and supply cuts led by the OPEC and its allies.

    June 2019 – Week 3 (16-22):

    • On 16 June, petrol was priced at Rs.69.96 per litre in Delhi even as oil companies cut prices by 6 paise compared to the previous day’s rate.
    • Oil firms kept Delhi petrol prices unchanged until the end of this week even as prices of crude declined on indications that global economic growth being hit by the trade war between the US and China.
    • Also, despite crude oil prices inclining over the week amid tensions in the Middle East after Iran shot down a US military drone as well as on expectations for a reduction in US interest rates that may trigger global growth, prices remained the same until the end of the week.

    June 2019 – Week 4 (23-30):

    • During the 4th week of June, petrol opened at Rs.69.96 per litre in Delhi, the same as the previous day’s price.
    • On 24 June, oil firms hiked the petrol price in Delhi by 12 paise per litre to be sold at Rs.70.08 per litre and remained constant until 26 June.
    • Crude oil prices declined as investors awaited the outcome of the G20 summit and the meeting of the OPEC and allies to take a decision on an extension of production cuts in the international oil market.

    Petrol Rates in Delhi:

    Since the implementation of "Dynamic Fuel Pricing" in mid-June, petrol prices in the city have grown by 8% because of a 14% hike in overseas oil and a 40% rise in dealer’s commission. The retail selling price of petrol witnessed an 8.66% hike from Rs.65.23 a litre as on 17th June 2017 to Rs.70.88 a litre as on 3rd October 2017.

    In just a span of 13 days post Dynamic Fuel Pricing, petrol rates have fallen by Rs.3.45 a litre with oil companies reducing prices or keeping it unaltered for 12 days in a row. They have been in a growing trend since then. From the first day of daily revision, the cost of petrol per litre in Delhi has gone up by Rs.5.65 till date. Have you noticed?

    The recent price hikes can be attributed to the increasing price of crude oil in the overseas markets as mentioned earlier. The last five days have shown an increasing trend with the rate growing from Rs.70.56 as on 29th September 2017 to Rs.70.88 till date.

    Petrol Prices in Delhi vs. Other Metro Cities:

    Petrol prices in Delhi are cheaper compared to other metro cities of India. This is attributed to the lower VAT levied on the sale of fuel in the national capital. Petrol prices in four metro cities as on 20 January 2019 are Rs.70.64 per litre in Delhi, Rs.76.22 in Mumbai, Rs.73.27 in Chennai, and Rs.72.69 in Kolkata after their daily price revision.

    Similarly, the diesel Price in Delhi is Rs.65.06 per litre, Rs.68.06 in Mumbai, Rs.68.66 in Chennai, and Rs.66.78 in Chennai. The Petrol Price in Delhi is less compared to other metro cities because of the lower state VAT (27%) imposed on petrol by the state government.

    Also Check: Petrol Price in Mumbai

    Determinants of Delhi Petrol Rates

    Petrol rates in Delhi are impacted by mainly the buying cost of crude oil, the exchange rate, the dealer’s commission, the central excise duty, the state VAT. Crude oil prices are subject to vary. Any increase or decrease in oil prices will proportionately impact the retail selling price of petrol.

    The central excise is the same across the country, but the state VAT is something that varies from state to state. As mentioned in the earlier section, a litre of petrol costs you less in Delhi compared to other three metro cities due to the lower state VAT imposed on petrol in Delhi.

    The exchange rate of the USD to the INR is another important consideration. If the INR weakens against the USD, the buying cost of oil will increase; if the INR strengthens against the USD, the buying cost of oil will decrease. Any ups and downs in crude oil prices will equally affect the cost of petrol in Delhi.

    How often Petrol Rates in Delhi Revised?

    Like any other India city, state-run oil companies such as Indian Oil, Hindustan Petroleum, and Bharat Petroleum dominate the petrol market in New Delhi. All these oil brands are currently revising diesel and petrol prices on a daily basis, which is also called dynamic fuel pricing.

    The new pricing system was proposed and implemented by the government of India post mid-June 2017. Every petrol station in Delhi whether automated or non-automated revises fuel prices at 06:00 a.m. each day. Make sure to make a note of updated prices that will be displayed by each bunk.

    Fuel prices are presently raising marginally in the city. If you are a retail consumer, daily price revisions will not impact you much. If you are a consumer of petrol in larger quantities, even a minute fall or a hike can make a big difference to your billing amount.

    In fact, the new fuel pricing system is in practice throughout the nation. All fuel users whether from Delhi or from other Indian cities are expected to be benefited from the system. The pricing is transparent under the system.

    Impact of GST on Petrol Rates in Delhi

    As we all know, the oil and natural gas industry has not been brought under the regime of GST till date. It means all types of petroleum products do not have to comply with the GST tax structure that was brought into act in July 2017. However, the industry remains unaffected.

    If GST was imposed on petrol, what is the anticipated price of petrol per litre in Delhi?

    · A litre of petrol costs you Rs.38.10 in case 12% GST is imposed.

    · A litre of petrol costs you Rs.40.05 in case 18% GST is imposed.

    · A litre of petrol costs you Rs.43.44 in case 28% GST is imposed.

    For Delhi customers, petrol prices would have been cheaper. But, the revenues for the Delhi government would have been adversely affected. The government imposes 27% VAT on petrol and 16.75% VAT on diesel with effective from 1st September 2017.

    Petrol vs. Diesel in Delhi

    Since the global crude oil was trading around $80 per barrel early October 2018, it’s now trading around $56 per barrel on the back of the decline in the geopolitical tensions between the US and China over the trade war between them. Also, the Centre reduced the excise duty of Rs.1.50 per litre and asked oil companies to further subsidise Rs.1 per litre on 4 October 2019 which was also one of the factors which led to the fall in fuel rates in the country.

    While petrol was sold at Rs.83.81 per litre on 1 October 2018, it was sold at Rs.70.64 per litre on 20 January 2019, thereby declining by Rs.13.17 per litre.

    As for the diesel price in Delhi, it was sold at Rs.75.17 per litre on 1 October 2018, which has now declined to Rs.65.06 per litre as of 20 January 2019, reducing by Rs.10.11 per litre.

    When you compare the petrol and diesel price in Delhi, diesel rates are much lower than that of the petrol price in the national capital. The difference between the two fuels is approximately Rs.6 per litre.

    Also Check Petrol Price in NearBy Cities of Delhi

    *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.

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    • Prices of petrol reduced for the third day in a row on 14 January 2020

      Oil marketing companies that are run by the state reduced the prices of petrol by up to 11 paise across the major cities in India on 14 January 2020. This the third day in a row that the prices of petrol have reduced.

      According to the data available on the official website of Indian Oil Corporation, the prices of diesel fell by 10 paise and hit Rs.75.70 for a litre. It is worth noting that the prices of diesel are the cheapest in Delhi when compared to most other states due to low taxes. As over 80% of the crude requirements of India are imported, the value of the rupee against the dollar and the crude oil prices in the global market play a vital role in affecting the prices of petrol. The value of the rupee increased by 8 paise against the dollar and touched Rs.70.86. The prices of petrol decreased by 10 paise in Mumbai and Kolkata and hit Rs.81.29 and Rs.78.29 for a litre. In Chennai, the price of petrol decreased by 11 paise and hit Rs.78.65 for a litre. The price of petrol decreased by 7 paise in Noida and touched Rs.76.80 for a litre. In Gurugram, the price of petrol decreased by 8 paise and touched Rs.75 for a litre.

      14 January 2020

    • Petrol prices see no change on Wednesday

      On Wednesday, state-run Oil Marketing Companies (OMCs) kept the rates of petrol unchanged across the major cities of the country. In New Delhi, a litre of petrol was retailed for Rs.74.63 following the daily revision. In Mumbai, Kolkata, and Chennai consumers were required to pay Rs.80.29, Rs.77.29, and Rs.77.58 respectively. The rates were the cheapest in the national capital among all the metropolitan cities due to lower taxes. In Noida and Gurugram, both non-metropolitan cities a litre of petrol was sold for Rs.76 and Rs.74.20 respectively.

      In the international oil market, the futures of Brent crude oil and US West Texas Intermediate (WTI) are expected to trade at $61.23 and $56 per barrel in the first quarter of 2020 as per a Wall Street Journal poll.

      It must be noted here that the rates of fuel in the country are revised as per the dynamic pricing scheme which was adopted by OMCs in June 2017. As per the mechanism, the rates are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

      25 December 2019

    • Prices of diesel remain the same for the sixth day in a row on 15 December 2019

      Oil marketing companies that are operated by the state did not change the prices of diesel for the sixth consecutive on 15 December 2019 across the major cities in India.

      According to the official website of Indian Oil Corporation, the price of diesel in Delhi is at Rs.66.04 for a litre. It is worth noting that the price of diesel is the cheapest in Delhi when compared to most other state capitals and all metros because of low taxes being levied. The price of diesel in Kolkata, Mumbai, Chennai, Noida, and Gurugram remained the same as well when compared to 15 December. The prices of diesel in Kolkata, Mumbai, Chennai, Noida, and Gurugram are at Rs.68.45, Rs.69.27, Rs.69.81, Rs.66.35, and Rs.65.35 for a litre, respectively. On 13 December 2019, crude oil prices increased. Brude crude prices increased by 1.59% and were trading at $65.22 for a barrel. The value of the rupee also appreciated by 2 paise against the dollar and touched Rs.70.81. According to Morgan Stanley, the output that has been reduced by Opec and its allies will help the market only in the short-term. The Brent crude prices are expected to be trading around $60 for a barrel by mid-2020.

      16 December 2019

    • Petrol prices remain unchanged for second consecutive day

      State-run Oil Marketing Companies (OMCs) on Wednesday kept the rates of petrol unchanged for the second consecutive day. Following the daily revision, every litre of petrol was retailed for Rs.75 in the national capital. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai consumers were required to shell out Rs.80.65, Rs.77.67, and Rs.77.97 respectively. In non-metropolitan cities like Noida and Gurugram, OMCs charged Rs.76.29 and Rs.74.49 respectively for a litre. It needs to be mentioned here that petrol prices in Delhi is the cheapest among all metropolitan cities and state capitals due to lower taxes.

      In the international oil market, crude oil prices declined on Wednesday. The futures of International Brent crude oil and US West Texas Intermediate (WTI) were down by 37 cents and 30 cents to be trading at $63.97 and $58.94 per barrel.

      The rates in the country are revised as per the dynamic pricing scheme. As per the mechanism, the rates 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 requirements.

      11 December 2019

    • Petrol prices hiked by 8-10 paise on Saturday

      State-run Oil Marketing Companies (OMCs) on Saturday again increased the prices of petrol across the country. Following the daily revision in the prices, the rates were increased by 8-10 paise across the four metropolitan cities. In Delhi, the national capital OMCs hiked the prices by 9 paise and sold a litre of petrol for Rs.74.44. In Mumbai and Chennai, the rates were increased by 9 paise each while in Kolkata the prices were hiked by 8 paise. The increase in the prices saw every litre of petrol being retailed for Rs.80.10, Rs.77.12, and Rs.77.38 respectively. The cost required to be paid for a litre of petrol is the cheapest in Delhi among all metropolitan cities due to lower taxes. In non-metropolitan cities like Noida and Gurugram, OMCs increased petrol prices by 7 paise per litre and was retailed for Rs.75.85 and Rs.74.05 per litre respectively.

      Petrol prices in the country are revised daily in the country as per the dynamic pricing scheme that was adopted by OMCs in June 2017. As per the mechanism, the rates are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar. This is also because India imports 80% of the total crude requirements.

      23 November 2019

    • Prices of petrol increase by 10 paise on 8 November 2019

      On 8 November 2019, petrol prices increased by 7-10 paise across all the major cities in India. The prices of petrol are revised on a daily basis. The price of petrol in Delhi increased by 10 paise and hit Rs.72.70 for a litre.

      On 7 November 2019, petrol prices remained the same for the second day in a row by oil marketing companies that are state-run. The price of petrol in Delhi is cheapest when compared to other metros because of low taxes. The price of petrol in Mumbai also increased by 10 paise and hit Rs.78.38 for a litre. Prices of petrol in Kolkata, Gurugram, and Noida increased by 9 paise, 8 paise, and 7 paise and hit Rs.75.41, Rs.72.69, and Rs.74.48 for a litre, respectively. On 7 November 2019, the prices were at Rs.75.32, Rs.72.61, and Rs.74.41, respectively. According to the daily pricing mechanism of the country, prices of petrol are dependent on the rupee to dollar exchange rate and the global crude oil prices. On 7 November 2019, the value of the rupee against the dollar was at Rs.70.97. Due to the uncertainty of the trade deal between China and the US, prices of crude decreased in the international oil market.

      8 November 2019

    • No changes in diesel and petrol prices on 23 October

      There were no changes witnessed by the diesel and oil prices on 23 October as per the data made available by the Indian Oil Corporation Limited on its website. At present, the price of petrol in Delhi stands at Rs.73.22 per litre while that of diesel was recorded at Rs.66.11 per litre. The price of one litre of petrol was recorded at Rs.78.80 in Mumbai while that of diesel was Rs.69.29 per litre. In Chennai, one litre of petrol cost Rs.76.04 while diesel is priced at Rs.69.83. The price of one litre of petrol in Kolkata is Rs.75.87 while that of diesel is Rs.64.83 a litre. The retail price of one litre of petrol in Noida is Rs.74.85 while the price of diesel reduced to Rs.66.37 a litre. In Gurugram, petrol is selling at Rs.73.05 per litre while the cost of diesel is Rs.65.36 per litre. In Delhi, the cost of CNG is Rs.45.20 per kg while in Noida, it is Rs.51.35 per kg. Fuel prices are revised daily at 6:00 a.m to sync it with the variation in global oil prices.

      23 October 2019

    • Petrol prices kept constant for fifth consecutive day

      Oil Marketing Companies (OMCs) on Sunday decided to keep the rates of petrol constant for the fifth consecutive day. Following the revision in the prices, a litre of petrol was retailed for Rs.73.27 in Delhi while in Mumbai consumers were required to shell out Rs.78.88. In the eastern and southern metropolitan cities i.e., Kolkata and Chennai OMCs charged Rs.75.92 and Rs.76.09 for a litre of petrol. As per the data available on the Indian Oil Corporation website, a litre of petrol cost Rs.74.89 in Noida and Rs.73.09 in Gurugram as of Sunday.

      The rates of petrol in the national capital have declined by Rs.1.34 per litre so far this month. It must be noted here that the rates of petrol are the cheapest in Delhi among all metropolitan cities and state capitals due to lower taxes.

      In India which imports 80 percent of the total crude requirement, Oil Marketing Companies revises the price of petrol on a daily basis after they adopted the dynamic pricing scheme in June 2017. As per the mechanism, the rates are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

      20 October 2019

    • Petrol prices kept constant for fifth consecutive day

      Oil Marketing Companies (OMCs) on Sunday decided to keep the rates of petrol constant for the fifth consecutive day. Following the revision in the prices, a litre of petrol was retailed for Rs.73.27 in Delhi while in Mumbai consumers were required to shell out Rs.78.88. In the eastern and southern metropolitan cities i.e., Kolkata and Chennai OMCs charged Rs.75.92 and Rs.76.09 for a litre of petrol. As per the data available on the Indian Oil Corporation website, a litre of petrol cost Rs.74.89 in Noida and Rs.73.09 in Gurugram as of Sunday.

      The rates of petrol in the national capital have declined by Rs.1.34 per litre so far this month. It must be noted here that the rates of petrol are the cheapest in Delhi among all metropolitan cities and state capitals due to lower taxes.

      In India which imports 80 percent of the total crude requirement, Oil Marketing Companies revises the price of petrol on a daily basis after they adopted the dynamic pricing scheme in June 2017. As per the mechanism, the rates are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

      20 October 2019

    • Petrol prices kept unchanged across the country on Sunday

      The rates of petrol were kept unchanged across the country on Sunday. State-run Oil Marketing Companies (OMCs) kept the prices constant after three days of constant reduction. Following the daily revision of the prices on Sunday, a litre of petrol was retailed for Rs.73.32 in the national capital. In the commercial capital i.e., Mumbai consumers were required to shell out Rs.78.93 while in Kolkata and Chennai a litre cost Rs.75.97 and Rs.76.14 respectively. In cities like Noida and Gurugram, OMCs charged Rs.74.93 and Rs.73.13 for a litre. It needs to be mentioned here that the price of petrol is the cheapest in the national capital among all metropolitan cities and state capitals due to lower taxes.

      In the international oil market, the price of crude oil surged on Friday. The increase recorded in the prices was more than 2%. It was accounted to the fact that an Iranian tanker was hit by missile strikes in Saudi Arabia, which raised fresh supply concerns.

      It needs to be mentioned here that the prices of petrol are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

      15 October 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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