Petrol Price In Gurgaon Today

Trend of Petrol Price in Gurgaon for December 2022 (rates per litre):

Monthly Petrol Price Trend in Gurgaon for December 2022:

• Petrol prices opened the month of December standing at the rate of Rs.97.17 per litre in Gurgaon. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the month of December in Gurgaon.
• In Gurgaon, the last week of December closed with the price of the fuel standing at the rate of Rs.97.17 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Gurgaon.

Trend of Petrol Price in Gurgaon for November 2022 (rates per litre):

Monthly Petrol Price Trend in Gurgaon for November 2022:

• Petrol prices opened the month of November standing at the rate of Rs.97.17 per litre in Gurgaon. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the month of November in Gurgaon.
• In Gurgaon, the last week of November closed with the price of the fuel standing at the rate of Rs.97.17 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Gurgaon.

Trend of Petrol Price in Gurgaon for October 2022 (rates per litre):

Monthly Petrol Price Trend in Gurgaon for October 2022:

• Petrol prices opened the month of October standing at the rate of Rs.97.17 per litre in Gurgaon. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the month of October in Gurgaon.
• In Gurgaon, the last week of October closed with the price of the fuel standing at the rate of Rs.97.17 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Gurgaon.

Trend of Petrol Price in Gurgaon for September 2022 (rates per litre):

Monthly Petrol Price Trend in Gurgaon for September 2022:

• Petrol prices opened the month of September standing at the rate of Rs.97.17 per litre in Gurgaon. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the month of September in Gurgaon.
• In Gurgaon, the last week of September closed with the price of the fuel standing at the rate of Rs.97.17 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Gurgaon.

Trend of Petrol Price in Gurgaon for August 2022 (rates per litre):

Monthly Petrol Price Trend in Gurgaon for August 2022:

• Petrol prices opened the month of August standing at the rate of Rs.97.17 per litre in Gurgaon. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the month of August in Gurgaon.
• In Gurgaon, the last week of August closed with the price of the fuel standing at the rate of Rs.97.17 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Gurgaon.

Trend of Petrol Price in Gurgaon for July 2022 (rates per litre):

Monthly Petrol Price Trend in Gurgaon for July 2022:

• Petrol prices opened the month of July standing at the rate of Rs.97.17 per litre in Gurgaon. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the month of July in Gurgaon.
• In Gurgaon, the last week of July closed with the price of the fuel standing at the rate of Rs.97.17 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Gurgaon.

Trend of Petrol Price in Gurgaon for June 2022 (rates per litre):

Monthly Petrol Price Trend in Gurgaon for June 2022:

• Petrol prices opened the month of June standing at the rate of Rs.97.17 per litre in Gurgaon. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the month of June in Gurgaon.
• In Gurgaon, the last week of June closed with the price of the fuel standing at the rate of Rs.97.17 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Gurgaon.

Trend of Petrol Price in Gurgaon for May 2022 (rates per litre):

Monthly Petrol Price Trend in Gurgaon for May 2022:

• Petrol price in Gurgaon opened the month of May standing at the rate of Rs.105.84 per litre.
• The highest petrol rate was recorded from 1 to 21 May wherein a litre of petrol was being traded at the rate of Rs.105.84. The lowest price of petrol was recorded from 22 to 31 May when it stood at the rate of Rs.97.17 per litre.
• In Gurgaon, the month of May closed with the price of the fuel standing at the rate of Rs.97.17 per litre. There was an overall declining trend of -8.19% in the performance of petrol price in Gurgaon.

Trend of Petrol Price in Gurgaon for April 2022 (rates per litre):

Monthly Petrol Price Trend in Gurgaon for April 2022:

• Petrol price in Gurgaon opened the month of April standing at the rate of Rs.102.25 per litre.
• The highest petrol rate was recorded from 6 to 30 April wherein a litre of petrol was being traded at the rate of Rs.105.84. The lowest price of petrol was recorded on 1 April when it stood at the rate of Rs.102.25 per litre.
• In Gurgaon, the month of April closed with the price of the fuel standing at the rate of Rs.105.84 per litre. There was an overall inclining trend of 3.51% in the performance of petrol price in Gurgaon.

Trend of Petrol Price in Gurgaon for March 2022 (rates per litre):

Monthly Petrol Price Trend in Gurgaon for March 2022:

• Petrol price in Gurgaon opened the month of March standing at the rate of Rs.95.88 per litre. After being stable for weeks, the fuel price witnessed a hike on 22 March.
• The highest petrol rate was recorded on 31 March wherein a litre of petrol was being traded at the rate of Rs.102.25. The lowest price of petrol was recorded from 1 to 21 March when it stood at the rate of Rs.95.88 per litre.
• In Gurgaon, the month of March closed with the price of the fuel standing at the rate of Rs.102.25 per litre. There was an overall inclining trend of 6.64% in the performance of petrol price in Gurgaon.

Trend of Petrol Price in Gurgaon for February 2022 (rates per litre):

Monthly Petrol Price Trend in Gurgaon for February 2022:

• Petrol prices in Gurgaon opened the month of February standing at the rate of Rs.95.88 per litre. There were no fluctuations or changes in the price of the fuel when compared to the closing price of the previous month.
• The price of the liquid gold stood steady in Gurgaon during the month. In the month of February, the price of the fuel was unaltered, witnessed no fluctuations, and was trading at the rate of Rs.95.88 per litre.
• In February, the price of petrol closed the month at the rate of Rs.95.88 per litre. The overall performance of the fuel witnessed a stability during the month of February in Gurgaon.

Trend of Petrol Price in Gurgaon for January 2022 (rates per litre):

Monthly Petrol Price Trend in Gurgaon for January 2022:

• A litre of petrol was priced Rs.95.88 per litre on 1st January in Gurgaon. When the opening price was compared to the previous month’s closing price, no change was witnessed.
• No change was seen in the price of the fuel over the month.
• Petrol’s overall performance in Gurgaon remained stable as the rate remained stagnant.

State Levies – A Comparison

Source: Petroleum Planning and Analysis Cell (PPAC)

Petrol Rate Comparison among Indian Cities

The following table illustrates the Average Price of Petrol in November 2017:

How are Petrol Prices in Noida Revised?

India follows the dynamic fuel pricing system to revise fuel prices currently. What is dynamic fuel pricing? It is a fuel pricing system that reviews fuel rates on a daily basis on the basis of crude oil rates and the currency conversion rate. The system was introduced in June 2017 in India after running a 40-day pilot in five Indian cities. The United States of America (USA), Australia and Russia are other countries that follow the system.

Features of Dynamic Fuel Pricing

• The revision of petrol price is done at 06:00 a.m. every day.
• All automated petrol stations will automatically revise the petrol price.
• All non-automated petrol stations will manually revise the petrol price.
• Dealers can manage working capital effectively.
• The system enables dealers to better manage stock or inventory.
• The fluctuations in crude oil rates and the INR/USD rate can be instantly shifted to end consumers.

Petrol consumers in Gurgaon can track the current petrol price through downloading the mobile applications of oil marketing companies including Indian Oil, Bharat Petroleum and Hindustan Petroleum and Shell Oil. They can request the current price through SMS alerts and customer care support. Like mentioned earlier, oil marketing companies will update their websites after revising the price every day.

How are Petrol Prices in Gurgaon Computed?

The Retail Selling Price of petrol in Gurgaon consists of the following elements:

Crude Oil Cost: Crude oil cost is the price charged by Indian oil marketing companies. As on 14 November 2017, the cost of crude oil per barrel was $62.85. One barrel of crude oil is equal to 159 litres. Freight charges are added to crude oil prices.

Taxes: More than 50% of the retail selling price comprises of the central and state levies. The excise duty imposed on petrol as on 04 November 2017 was Rs.19.48 per litre. The local tax levied on the fuel as on the same date was 26.25% in Haryana.

Refinery transfer price (RTP): Refinery transfer price (RTP) is charged by refineries. After importing crude oil, oil marketing companies will deliver it to refineries for further processing. RTP is paid by OMCs.

OMC Expenses: Expenses incurred by oil marketing companies consist of entry levies, operational costs, marketing expenses, distribution expenses and profit margin of OMCs. The commission charged by dealers and pollution cess are other two components of the RSP.

What are the factors affecting Petrol Prices in Gurgaon?

The exchange rate, crude oil rates and taxes are the elements affecting the petrol price in Gurgaon. The exchange rate is the ratio between the value of the INR and the USD. The Central Bank of India, the Reserve Bank of India fixes the exchange rate. The exchange rate is impacted by several factors including interest parity rates, interest rates, exports and imports, the overall public debt of a country and the inflation rate. There are many factors that influence crude oil prices. The most common factors include seasonal variations, weather conditions, the capabilities of refineries, political moves in oil-producing nations and many more.

The retail Selling Price of Petrol increases if:

• The INR falls against the USD
• Crude oil prices increase
• The central excise duty increases
• The local tax increases

The retail Selling Price of Petrol decreases if:

• The INR gains against the USD
• Crude oil rates decrease
• The local tax (state VAT) decrease
• The central excise duty decrease

Impact of GST on petrol prices in Gurgaon

GST Impact on Petrol Costs in Gurgaon

Let’s take a look at how much is taxed on petrol.

21.5% of the retail price of petrol goes towards the state and 32% to the central government. How does GST affect petrol prices in Gurgaon?

If GST is imposed at 12%, the cost per litre will be Rs.38.10.

If GST is imposed at 18%, the cost per litre will be Rs.40.05.

If GST is imposed at 28%, the cost per litre will be Rs.43.44.

The Goods and Services Tax (GST) is a comprehensive tax system introduced in India in July 2017. It is imposed on various types of commodities and services at 5%, 12%, 18% and 28% currently. GST does not affect petrol prices in Gurgaon since petrol has not been included under the GST regime.

Also Check Petrol Price in NearBy Cities of Gurgaon

*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.