Petrol Price In Haryana Today

Petrol price in Haryana today is based on the ‘Dynamic Fuel Pricing’ method. Here, you can check the current petrol price in Haryana. Find today's petrol price with quarterly price trends in Haryana. New petrol prices in Haryana are updated daily at 6:00 am IST.

Get to know how petrol prices in Haryana are calculated and different components of the petrol price. Also, find the current Haryana petrol price and factors affecting petrol prices in India. The below petrol price trend in Haryana offers insights such as the highest and lowest petrol prices recorded during a month.

  • Today's Petrol Price ( 18 Apr 2019 )
    ₹ 68.96
    Current Petrol Price Per Litre
    Compare Petrol Price in Haryana (Today & Yesterday)
    (18 Apr 2019)
    (17 Apr 2019)
    Rate Change
    Petrol ( / litre) ₹ 68.96 ₹ 68.96 ₹ 0 ↑
    Petrol Price in Haryana - Last 10 Days Data
    Date Petrol ( / litre)
    18 Apr 2019 ₹ 68.96
    17 Apr 2019 ₹ 68.96
    16 Apr 2019 ₹ 68.96
    15 Apr 2019 ₹ 69.01
    14 Apr 2019 ₹ 68.9
    13 Apr 2019 ₹ 68.9
    12 Apr 2019 ₹ 68.9
    11 Apr 2019 ₹ 68.84
    10 Apr 2019 ₹ 68.84
    09 Apr 2019 ₹ 68.84

    Petrol Rate Trend

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    Petrol Price In Haryana

    Haryana is a North Indian state bordered by Rajasthan to the west and the south and by Himachal Pradesh and Punjab to the north. By population, the state is the eighteenth biggest. It is an affluent state too with a constant growth in industrial and agricultural sectors. Chandigarh is the capital city of Haryana. Faridabad, the National Capital Region, is the state’s most populated city while Gurgaon is the NCR’s financial hub.

    In July 2016, 10-year-old diesel and 15-year-old petrol vehicles were prohibited by the Haryana government after Kerala and Delhi. It was for all RTO registered vehicles coming under the territory of National Capital Region like Faridabad, Sonepat, Jhajjar, Gurgaon. Diesel-run vehicles are in demand presently in the state like any other part of India.

    Petrol Prices in Haryana

    A litre of petrol in Ambala, a city in Haryana, costs Rs.67.94 per litre at Bharat Petroleum. The same revision can be seen in other state-run petrol retailers such as Shell India, Essar Oil, Hindustan Petroleum. The latest change in the cost of petrol in Ambala was on 4th October 2017. It was reduced by Rs.2.49.

    The average price for the last ten days is Rs.70.34. After the first fortnight of dynamic fuel pricing, the price was Rs.63.51 per litre that later raised to Rs.68.52. The price has increased by Rs.5.01 since the implementation of daily revision.

    Petrol Prices in Haryana vs. other metro cities

    The petrol price in the capital is Rs.68.38 per litre while in Chennai, it is Rs.70.85 a litre; in Haryana, it is Rs.67.94 a litre; and in Kolkata, it is Rs.73.62 per litre as on 4th October 2017. New Delhi has the less price fixed for petrol compared to other Indian metro cities. It is mainly because of the moderate state VAT on petrol levied by the government.

    How Frequently are Petrol Prices in Haryana Revised?

    As we all know, state-run oil marketing companies in India have quit the 15-year-old fortnightly based price revision and have adopted a new fuel pricing mechanism called dynamic fuel pricing. The system was introduced in June 2017. However, all petrol stations in all cities of the Haryana state are currently updating fuel prices on a daily basis.

    The new pricing system is good for consumers who are mapped to market dynamics. Any variations in global crude oil prices and the currency conversion rate are instantly transmitted. This was not the case in the previous daily price revision mechanism.

    Each bunk in Haryana will revise petrol and diesel rates at 06:00 a.m. every day and the updated rates will be made accessible to customers. They can get the latest prices through online or offline means. The primary objective behind the new pricing system is to make fuel pricing more transparent.

    Quarterly Petrol Price Trend in Chandigarh Between October and December 2018

    October November December
    Opening date price Rs.80.67 a litre Rs.75.00 a litre Rs.68.60 a litre
    Closing date price Rs.75.16 a litre Rs.68.94 a litre Rs.65.06 a litre
    Highest price Rs.80.90 a litre booked on 4 October 2018 Rs.75.00 a litre booked on the 1 November 2018 Rs.68.60 a litre booked on the 1 December 2018
    Lowest Price Rs.75.16 a litre booked on the 30 and 31 October 2018 Rs.68.94 a litre booked on the 30 November 2018 Rs.65.06 a litre booked on the 31 December 2018
    Trend Downward Downward Downward
    % Change -6.83% -8.08% -5.16%

    Petrol Price Trend in Haryana Between October and December 2018

    • When the month began, petrol was priced Rs.80.67 per litre in Haryana, revised by the State-run Oil Marketing Companies (OMCs).
    • Petrol prices are revised daily by OMCs based on the ‘Dynamic Fuel Pricing’ mechanism, which considers the 14-day average price of crude oil as well as the rupee exchange rate of the US dollar.
    • Prices of petrol in Haryana continued to climb upwards as it touched the highest price on 4 October when a litre of petrol was sold at Rs.80.90 per litre.
    • With the cut in excise duty levied on the sale of fuel in the country, petrol prices across the country declined by Rs.2.50 per litre, which included fuel subsidy of Rs.1 per litre absorbed by OMCs.
    • In October, the petrol price trend in Haryana fell by 6.83% mainly due to the cut in excise duties coupled with a slight drop in crude oil prices.
    • On 1 November, petrol was priced Rs.75.00 per litre, the highest recorded price in November in Haryana.
    • Crude oil prices are influenced by factors such as geopolitical tensions, which was one of the factors which prompted crude oil prices to touch a four-year record high early October.
    • The trade war between the US and China, while Iran limited the supply of oil in the market after the US pulled out of the nuclear deal between the two countries and was looking to impose sanctions on Iran.
    • By the end of the month, crude oil was trading much lower than the beginning of October, which influenced the 8.08% decline in petrol prices in Haryana.
    • The petrol rate in Haryana on 1 December stood at Rs.68.60 per litre, which was the highest registered petrol price during the month.
    • Crude oil prices dropped to around $56 per barrel, down from $80 per barrel recorded early October. This led to a significant drop in petrol prices across the country.
    • On 31 December, petrol was at its cheapest since the start of the quarter between October and December as the fuel was sold at Rs.65.06 per litre.
    • The petrol price trend in Haryana during December fell by 5.16% attributed to the drop in crude oil prices as well as due to the marginal appreciation of the Indian currency over the US dollar.

    Quarterly Diesel Price Trend in Haryana between July and September 2018

    July August September
    Opening date price Rs.65.43 a litre Rs.65.92 a litre Rs.68.31 a litre
    Closing date price Rs.65.96 a litre Rs.68.31 a litre Rs.72.44 a litre
    Highest price Rs.66.63 a litre recorded on the 14th Rs.68.31 a litre recorded on the 31st Rs.72.44 a litre recorded on 28th, 29th and the 30th
    Lowest Price Rs.65.43 a litre recorded on the 1st Rs.65.92 a litre recorded on the 1st Rs.68.31 a litre recorded on the 1st
    Trend Upward Upward Upward
    % Change +0.81% +3.16% +6.05%

    Diesel Price Trend in Haryana in July 2018

    • Similar to other states, diesel and petrol prices are revised daily under the dynamic fuel pricing mechanism by State-run oil companies in the country.
    • Under this method, oil companies arrive at the retail price of diesel in a city by taking into account the global crude oil price and the rupee-dollar exchange rate.
    • The opening price of diesel in Chandigarh, the capital city of Haryana, stood at Rs.65.43 per litre which was also the lowest price recorded over the course of the month.
    • The diesel price trend during the first and second weeks in Haryana inclined to touch the highest price on the 14th when a litre of diesel was sold at Rs.66.63.
    • Despite the decline in prices, the rate of diesel didn’t breach below the opening price of the month.
    • On the last day of the month, the diesel price in Haryana stood at Rs.65.96 a litre, an increase of 53 paise over the opening price.
    • The diesel price trend in Haryana during the month inclined by 0.81% due to the marginal increase in crude oil prices in the international market.

    Diesel Price Trend in Haryana in August 2018

    • Oil companies cut the diesel price in Haryana on the 1st of August by 4 paise when a litre was sold at Rs.65.92. This is also the lowest price registered during the month.
    • Diesel prices were hiked relentlessly over the course of the first and second weeks by oil companies following the trend in crude oil prices in the market.
    • Due to geopolitical tensions, crude oil prices increased significantly which led to an increase in diesel prices across the country.
    • The U.S. administration pulled out the nuclear with Iran and was readying sanctions against the later on the supply of oil in the market.
    • This led to a shortage in the supply of crude oil in the market prompting oil prices to increase sharply.
    • The closing diesel price in Haryana for the month of August stood at Rs.68.31 per litre, an increase of Rs.2.39 per litre when compared to the opening price.
    • Overall, diesel prices in Haryana in August grew by 3.16% owing to the rise in crude oil prices in the international.

    Diesel Price Trend in Haryana in September 2018

    • On the 1st of September, the diesel price in Haryana stood at Rs.68.31 per litre which was kept unchanged until the 2nd of the month. This is also the lowest diesel price in Haryana for the month.
    • Prices were hiked relentlessly over the course of the first and second weeks in tandem with the incline in crude oil prices in the market.
    • Due to geopolitical tensions, the supply of oil declined to prompt crude oil prices to touch a four-year high of $80 per barrel.
    • Also, the rupee declined to a record low of Rs.72 over the U.S. dollar offering no respite in the spiralling rates of diesel and petrol across the country.
    • Several states such as Karnataka, Rajasthan, West Bengal and Andhra Pradesh announced a cut in the local sales tax or VAT which led to a decline in fuel prices in those states.
    • There was no let up in the incline in diesel prices in Haryana as it touched the highest price on the 28th when diesel was sold at Rs.72.44 per litre which was kept unchanged until the end of the month.
    • Overall, the diesel price trend in Haryana in September inclined by a significant 6.05% primarily due to the steep rise in oil prices in the market coupled with the sharp depreciation of the Indian currency over the U.S. dollar.

    Quarterly Petrol Price Trend in Haryana between April and June 2018

    April May June
    Opening date price Rs.70.90 a litre Rs.71.77 a litre Rs.75.33 a litre
    Closing date price Rs.71.77 a litre Rs.75.39 a litre Rs.72.66 a litre
    Highest price Rs.71.81 a litre recorded on the 24th Rs.75.46 a litre recorded on the 29th Rs.75.33 a litre recorded on the 1st
    Lowest price Rs.70.90 a litre recorded on the 1st Rs.71.77 a litre recorded on the 1st Rs.72.66 a litre recorded on the 27th
    Trend Upward Upward Downward
    %Deviation +1.22% +5.04% -3.54%

    Petrol Price Trend in Haryana in April 2018

    • In April 2018, state-run fuel companies such as Indian Oil, Hindustan Petroleum and Bharat Petroleum revised petrol rates in Haryana under dynamic fuel pricing.
    • Dynamic fuel pricing takes into account the fluctuations in the exchange rate and crude oil costs in order to determine the fuel rate on a daily basis.
    • Under this system, the fuel was valued at Rs.70.90 a litre on the 1st in Chandigarh, the capital city of Haryana. The fuel rate remained constant at Rs.71.15 a litre on the 3rd and the 4th.
    • By the end of the second week, the fuel price stood at Rs.71.10 per litre. On the 21st, petrol rate per litre stood at Rs.71.37.
    • For April 2018, the highest petrol rate was Rs.71.81 a litre whereas the lowest petrol price per litre was Rs.70.90.
    • Petrol rates are also affected by indigenous factors such as excise duty and Value-added Tax (VAT). When they are revised, fuel companies adjust fuel rates accordingly.
    • Since the cost of crude oil was increased slightly by oil-exporting countries, petrol rates throughout the state of Haryana were on the rise. They were increased by 1.22% in this month.

    Petrol Price Trend in Haryana in May 2018

    • During the first week, the fuel was retailed at an average price of Rs.71.77 per litre in various cities of Haryana such as Chandigarh, Kamal, Ambala, etc.
    • On the 14th, the fuel was sold at a price of Rs.71.98 a litre. By the end of the third week, the fuel rate stood at Rs.73.68 per litre.
    • In May 2018, excise duty was retained unchanged at Rs.15.33 a litre in Haryana. Even the State Government of Haryana did not revise Value-added Tax (VAT).
    • Global factors such as crude oil costs and the exchange rate impacted the pricing of petrol in this month. According to Petroleum Planning Analysis Cell, the cost of crude oil per barrel was up by $6 in this month.
    • Therefore, petrol prices in all regions of Haryana were increased by 5.04%. The closing date price stood at Rs.75.39 per litre for the month.
    • As petrol rates moved upwards this month, the highest fuel rate was lodged at Rs.75.46 a litre towards the end of the month. The lowest fuel price was lodged at Rs.71.77 a litre at the beginning of the month.

    Petrol Price Trend in Haryana in June 2018

    • In this quarter also, both forms of taxes were not changed. Other domestic influencers such as the commission for dealers, the total amount of overheads spent by OMCs and the profit ratio of OMCs were also not revised.
    • Throughout the quarter, the revision of petrol rates occurred on the basis of dynamic fuel pricing, which is based on the exchange rate and costs of crude oil as mentioned earlier.
    • Since the cost of crude oil per barrel reduced to $73.85 in June 2018 from $75.31, petrol prices across the state were down 3.54% to Rs.72.66 per litre.
    • The INR/USD exchange was completely volatile in nature, but the revision of fuel prices was not affected by the exchange rate.
    • For this month, the highest petrol rate was booked at Rs.75.33 per litre whereas the lowest fuel rate was booked at Rs.72.66 a litre.
    • Between April 2018 and June 2018, petrol rates in Chandigarh and other notable cities of Haryana increased by 2.48%.

    How are Petrol Prices in Haryana calculated?

    Well, the retail selling price of petrol in Haryana is assessed based on a few considerations such as the cost of unrefined oil in overseas markets, refinery expenses, the central excise duty, the state VAT on petrol, the dealer’s commission. Currently, a barrel of oil costs approximately $50. This is subject to change. The cost of OMC is estimated to be Rs.9.34 per litre that is added to the cost oil per litre.

    The central excise duty imposed by the central government and the state VAT imposed by the Haryana government are added to the price, which is charged to petrol retailers. The recent cut in the central excise duty was Rs.2.00 per litre of petrol and diesel on 4th October 2017. The state VAT imposed on petrol by the local government is currently 26.25% with effect from 1st September 2017.

    Factors Affecting the Cost of Petrol in Haryana

    The cost of crude is the biggest factor influencing the RSP of petrol in any part of the country. Oil is always traded in the base currency, which is the USD. India is an oil importing country. If the base currency strengthens against the local currency, the purchasing cost of oil will go up; if it falls against the local currency, then buying cost of oil will be diminished. As a result, the RSP of petrol in Haryana is proportionately impacted by the cost.

    The state VAT, which varies from state to state and the central excise duty, which is the same across the country have a direct impact on the final price. If the local and central governments amend any changes, the petrol price in Haryana will be adjusted accordingly. Variations in the dealer’s commission can affect the price in an imperceptible margin.

    GST Impact on Fuel in Haryana

    Goods and Services Tax (GST) is a new, unified, comprehensive taxation platform for Indian taxpayers. The government implemented it in the month of July 2017. What happened in Haryana soon after the execution of this platform? If sources are to be believed, in Haryana, high-speed diesel sales are down nearly about 30% because of slashed demand from fuel retailers and trucks.

    The demand for trucks has come down radically under GST. It is because of new stocks that cannot be moved in the similar value as prior GST. Goods transport agencies are excluded, but the receivers of such services are required to deposit a tax of 5%.The oil and natural gas industry remains unpretentious by GST entirely. The compliance cost would have hiked by 200% and petrol prices in Haryana would have been approximately Rs.43.10 per litre if GST was levied on petrol at 28%.

    Petrol Rate vs. Diesel Rate in Haryana

    As on 4th October 2017, the cost of diesel is Rs.56.79 a litre while the cost of a litre of petrol is Rs.67.94. The difference between the two fuels is Rs.11.15. Both fuels had an upward trend for the last ten days, which is between 26th September 2017 and 4th October 2017.

    For the next few months, prices are expected to go up marginally considering the latest trends. GST may or may not be imposed on petrol. Home delivery of fuels may be brought into practice.

    Also Check Petrol Price in NearBy Cities of Haryana

    *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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    News About Petrol Price In Haryana

    • Global oil prices remain steady amid concerns

      Even though there were concerns regarding US sanctions on Venezuelan exports, oil prices remained stable on Tuesday. A cloudy outlook for the global economy supported by worries over disruptions to supply also played a part in the oil prices being stable. Brent crude and West Texas Intermediate (WTI) crude were trading at 61.33 dollars and 53.28 dollars per barrel on Tuesday. The oil futures of Brent crude were up by 1% while the prices of West Texas Intermediate (WTI) crude was down by 3 cents since their last close. 

      The Indian rupee ended flat at 71.11 against the US dollar, an increase by just 1 paisa. The rupee opened on a weak note at the Interbank Foreign Exchange and fell further before erasing the initial gains by the end of the day. The reason for rupee not doing well was accounted to focus shifting to the Fed policy meet and the US-China trade talks. 

      31 January 2019

    • Petrol Prices Drop for the Tenth Straight Day, Becomes Cheaper Across the Nation

      Petrol prices were slashed for the tenth straight and it has now hit its lowest ever rates since the July of this year. After Saturday’s round of price cuts, petrol prices went down by Rs.0.30 to Rs.0.36 across all major cities. Petrol was priced at Rs.72.53 per litre as opposed to Rs.72.87 per litre seen during the previous day. In economic capital Mumbai, petrol dropped below the Rs.72 mark as it traded at Rs.71.90 per litre as opposed to Rs.72.18 per litre recorded on Friday.

      Chennai saw petrol prices hold at Rs.75.26 per litre on Saturday compared to Rs.75.62 per litre on Friday. In Kolkata, prices were at Rs.74.65 per litre compared to Rs.74.88 per litre during the previous day. International crude oil prices were also dropping with benchmark Brent crude oil prices going down below $60 per barrel mark to $59.46 per barrel. Various reports doing the rounds have suggested that this is the worst month for crude oil in the last ten years, having dropped by 30% from the figures recorded in October.

      3 December 2018

    • Fuel Prices Reduced Again by 43 Paise

      Petrol and diesel prices declined again today as rates were cut by up to 43 paise per litre as crude oil prices in the international market dipped. While petrol prices were reduced between 40 and 43 paise per litre across all four major metro cities in the country, diesel prices were cut between 30 to 48 paise per litre. With the revision in prices, now, petrol costs Rs.75.97 a litre in Delhi, while diesel retails at Rs.70.97 a litre. In Mumbai, petrol is available at Rs.81.50 per litre and diesel at Rs.74.34 a litre. Similarly, prices were reduced in Chennai and Kolkata. Petrol is being sold at Rs.78.88 per litre in Chennai, while in Kolkata its available at Rs.79.31 a litre. Diesel, on the other hand, costs Rs.74.99 a litre in Chennai and Rs.72.83 in Kolkata. Fuel prices are influenced by the global crude oil price and the exchange rate of the Indian currency over the U.S. dollar. Fuel prices touched record highs early October 2018. Since then, it has decreased amid softening of crude oil prices in the international market.

      23 November 2018

    • Traders in Bhopal Feel of Pinch of Fuel Hike

      Fuel prices have risen over the last month or so with petrol prices rising by 12.47% while that has diesel has risen by 16.47%. Of this rise, 6.08% rise in petrol has come in September alone while that of silver has risen by 6.65% in the same period.

      In Bhopal, petrol rates have hit Rs.89.35 per litre, while that of diesel has surged to Rs.79.18 per litre. With fuel prices seeing little to no hope of slowing down, inflationary concerns have began to rise as well. Prices of snacks, tea, and food have already gone up. School buses are also feeling the pinch of price hikes with institutions beginning to hike bus fees to match that of the fuel costs in the market. Public transport modes like buses and cabs from Ola and Uber are also witnessing a rise in the overall cost of a ride.

      As a result of fuel rates going up, cost of everyday groceries are also rising making the concerns over inflation already a reality, with much worse yet to arrive in the coming months when crude prices are expected to hit $100 per barrel from November and beyond.

      12 October 2018

    • Petrol Prices Remain Unchanged in Delhi

      Oil Marketing Companies (OMCs) kept the prices of petrol in all the metro cities of the country unchanged as of Wednesday. On Tuesday, the rates in the national capital were hiked by Rs.0.12 for every litre of petrol. The hike saw every litre cost Rs.83.85 in Delhi. In other metros of the country, i.e Mumbai, Chennai, and Kolkata, the rates of petrol were Rs.91.20, Rs.87.18, and Rs.85.65 respectively. It needs to be mentioned that petrol prices in the country have witnessed a steep rise in the last few months owing to a variety of factors.

      As of Tuesday, the rates of Brent crude oil and US West Texas Intermediate (WTI) crude were up by 6 cents and one cent respectively. The hike saw every barrel of Brent crude and US WTI crude cost $84.86 and $75.24 respectively.

      It needs to be mentioned that OMCs of the country had adopted the daily fuel revision system in June last year. The system replaced the practice of revising fuel prices on the 1st and 16th day of every month.

      3 October 2018

    • Petrol and Diesel Prices Soar to Record High

      State-owned Oil Marketing Companies (OMCs) further raised the prices of petrol and diesel on 7 September 2018. Fuel prices were the highest in Mumbai among four major metro cities where petrol costs Rs.87.39 per litre, while a litre of diesel costs Rs.76.51. In Delhi, petrol is available at Rs.79.99 a litre and diesel at Rs.72.07. Other metros such as Kolkata and Chennai, the retail price of petrol stands at Rs.83.14 and Rs.82.88 respectively. Prices are expected to rise as rupee touched yet another all-time low of 72.12 against the US dollar on 7 September 2018. Brent crude, the benchmark of crude oil price, was wavering around $78 a barrel. More than 80% of crude is imported by India, and any decline in the Indian rupee will lead to an increase in fuel prices.

      11 September 2018

    • Crude Oil Report

      International-benchmark Brent crude oil futures and US West Texas Intermediate were retailing consistently early Wednesday succeeding the announcement of the weekly stock report from the American Petroleum Institute and ahead of a alike report from the United States of America’s Energy Information Administration. At 0753 GMT, September WTI unrefined oil was up by 0.09% to $69.23 per barrel, while October Brent crude oil was up 0.03% to $74.67 per barrel. After the introduction of sanctions against Iran by the United States of America, crude oil rates increased on Tuesday. The first round of sanctions focused on the purchase of US dollars by Iran. Added sanctions were positioned on industrial software, coal, metal trading, etc.

      The Administration of Donald Trump, the President of the United States of America, shall also target the petroleum segment of Iran beginning in the month of November 2018. Iran is the third-biggest OPEC manufacturer. Traders comprehend the sanctions to ultimately affect 3% of overseas demand. With the crude oil market currently supported by the commencement of sanctions on Iran, investors focuses on EIA inventories report, which was released on 08 August 2018. It was anticipated that EIA inventories report will show a downfall of 2.8 million barrels for the week completing on 03 August 2018.

      14 August 2018

    • Petrol Prices Hiked by 9 paise in the National Capital

      Petrol price in the national capital was hiked by 9 paise on Tuesday. The prices of petrol were also hiked by the same margin in Mumbai and Chennai while in Kolkata it was hiked by 11 paise. With the hike in the prices, petrol in the four metro cities of the country was as follows - Rs.77.06 in Delhi, Rs.80 in Kolkata, Rs.84.50 in Mumbai and Rs.80.05 in Chennai. The increase in the prices was accounted to global crude prices surging by nearly 20 percent in 2018 and crossing the 80 dollar mark for the first time since 2014. With many traders in Asia being reluctant to take on new positions given that the US was planning to impose sanctions on major crude exporter Iran, oil markets started trading cautiously on Tuesday. This resulted in the futures of Spot Brent Crude oil and US West Texas Intermediate (WTI) crude seeing a decline. Both recorded a decline of 1 cent and 8 cents respectively and cost 73.74 dollars and 68.93 dollars per barrel.

      8 August 2018

    • Petrol and Diesel Prices Kept Unchanged for the Second Day in a Row

      State-run oil companies kept petrol and diesel prices unchanged for the second day in a row even as global oil prices extended their gains for the third consecutive day on Thursday. Today’s prices came into effect from 6 am and were kept unchanged according to the data from the country leading oil retailer, Indian Oil Corporation Ltd. (IOCL). Petrol is being sold at Rs.76.23 per litre in New Delhi, while in other metro cities such as Kolkata, Mumbai and Chennai it stands at Rs.79.10, Rs.83.68 and Rs.79.18 respectively. Diesel is available at Rs.67.79 a litre in New Delhi, Rs.70.48 in Kolkata, Rs.71.97 in Mumbai and Rs.71.59 in Chennai. Petrol and diesel prices are revised every day on the basis of the international crude oil price and the currency exchange rate of the US dollar over rupee. Prices are updated at 6 am daily by State-run oil companies.

      26 July 2018

    • Petrol and Diesel Prices Kept Unchanged Today

      State-run oil companies kept petrol and diesel prices unchanged on Wednesday after increasing it for six days in a row. As per the rate chart published by Indian Oil, petrol is being sold at Rs.76.53 per litre in New Delhi, Rs.83.91 in Mumbai, Rs.79.20 in Kolkata and Rs.79.43 per litre in Chennai. Diesel prices also were kept unchanged today with the fuel being sold at Rs.68.23 in New Delhi, Rs.72.40 in Mumbai, Rs.70.78 in Kolkata and Rs.72.03 in Chennai. The new rates are applicable from 6:00 a.m today. Oil companies revise petrol and diesel prices every day under the ‘Dynamic Fuel Pricing’ mechanism. Fuel prices are updated based on the preceding day’s crude oil rate and the currency exchange rate of the US dollar over rupee. This method was introduced by the Indian government from mid-June to reflect a revision in crude oil rate instantly.

      11 July 2018

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