Petrol Price In Hyderabad Today

  • Today's Petrol Price in Hyderabad( 26 May 2020 )

    ₹ 73.97
    Current Petrol Price Per Litre

    Compare Petrol Price in Hyderabad (Today & Yesterday)

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    Petrol ( / litre) ₹ 73.97 ₹ 73.97 ₹ 0 ↑

    Petrol Price in Hyderabad - Last 10 Days Data

    Date Petrol ( / litre)
    26 May 2020 ₹ 73.97
    25 May 2020 ₹ 73.97
    24 May 2020 ₹ 73.97
    23 May 2020 ₹ 73.97
    22 May 2020 ₹ 73.97
    21 May 2020 ₹ 73.97
    20 May 2020 ₹ 73.97
    19 May 2020 ₹ 73.97
    18 May 2020 ₹ 73.97
    17 May 2020 ₹ 73.97

    Petrol Rate Trend in Hyderabad

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    Petrol Rate in Hyderabad

    Hyderabad is fast becoming a large metropolitan city with several people migrating with the massive opportunities in the Information Technology industry. Consumption of petrol in Hyderabad has an increase in the recent past, making it an essential commodity for the common man.

    Prior to 16 June 2017, Petrol Price in Hyderabad were revised every 15-days or two weeks, revising the price on the 1st and 16th of every month. The pricing mechanism was based on the 15-day average price of the crude oil in the international market as well as the rupee-dollar exchange rate. Presently, India has moved to a new pricing method known as the ‘Dynamic Fuel Pricing’.

    Under the new method, the petrol price in Hyderabad is revised daily by considering the 14-day average price of crude oil and the rupee-dollar exchange value. The new fuel price is effective from 6:00 am IST. State-run Oil Marketing Companies (OMCs) such as Indian Oil Corporation Ltd. (IOCL), Bharat Petroleum Ltd. (BPCL) and Hindustan Petroleum Corporation Ltd. (HPCL) fix the final selling price of petrol in Hyderabad.

    Also Know: Diesel Price In Hyderabad

    Trend of?Petrol?Price in?Hyderabad?for?May?2020 (Rates per litre):

    Parameters Rates/litre
    1st May Rs.72.28
    14th May Rs.75.54
    Highest Rate in May Rs.75.54
    Lowest Rate in May Rs.72.28
    Overall Performance Incline
    Percentage Change 4.51%

    May – Week 1 (1 - 7):

    • Petrol?price in?Hyderabad?stood at Rs.73.97?per litre on the?1st of May, unchanged from its previous day’s closing price.
    • Petrol?stayed stable for the next few days, closing the week at Rs.73.97 per litre. Meanwhile, the Indian Government increased excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.
    • The overall performance of?petrol?in?Hyderabad?was?stagnant with no hike or decline in prices.

    May – Week 2 (8-14):

    • Petrol?price in?Hyderabad?stood at Rs.75.54?per litre on the?8th?of May, unchanged from its previous day’s closing price.
    • Petrol?stayed stable for the next few days and closed the week at Rs.75.54 per litre after the Indian Government?increased excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.
    • The overall performance of?petrol?in?Hyderabad?was?4.51%, trending upwards.?

    Trend of Petrol Price in Hyderabad for April 2020 (Rates per litre):

    Parameters Rates/litre
    1st April Rs.73.95
    28th April Rs.73.97
    Highest Rate in April Rs.73.97
    Lowest Rate in April Rs.73.95
    Overall Performance Incline
    Percentage Change -0.02%

    April – Week 1 (1 - 7):

    • Petrol price in Hyderabad stood at Rs.73.95 per litre on the 1st of April, unchanged from its previous day’s closing price.
    • After staying stable for the next few days, petrol jumped to Rs.73.97 per litre on account of hike in state sales tax or VAT rates.?In the international oil market, demand for the crude were low due to the ongoing COVID-19 pandemic.
    • The overall performance of petrol in Hyderabad was 0.02%.

    April – Week 2 (8-14):

    • Petrol in Hyderabad stood at Rs.73.95 per litre on the 1st of April, unchanged from its previous day’s closing price.
    • After staying stable for the next few days, petrol jumped to Rs.73.97 per litre on account of hike in state sales tax or VAT rates.In the international oil market, demand for the crude were low due to the ongoing COVID-19 pandemic.
    • The overall performance of petrol in Hyderabad was 0.02%.

    April – Week 3 (15 - 21):

    • Petrol price in Hyderabad stood at Rs.73.97 per litre on the 15th of April, unchanged from its previous day’s closing price.
    • Petrol stayed stable for the next few days, closing the week at Rs.73.97 per litre. In the international oil market, oil prices crashed record two-decade low due to the COVID-19 pandemic, thereby sending ripples across countries.
    • The overall performance of petrol in Hyderabad was 0.02%.

    April – Week 4 (22 - 28):

    • Petrol price in Hyderabad stood at Rs.73.97 per litre on the 22nd of April, unchanged from its previous day’s closing price.
    • Petrol stayed stable for the next few days, closing the week at Rs.73.97 per litre as the state-run oil marketing companies decided to keep the prices stagnant. In the international oil market, oil prices?crashed a two-decade low due to the COVID-19 pandemic, thereby sending ripples across countries.
    • The overall performance of petrol in Hyderabad was 0.02%.

    Trend of Petrol Price in Hyderabad for March 2020 (Rates per litre):

    Parameters Rates/litre
    1st March Rs.76.21
    31st March Rs.73.95
    Highest Rate in March Rs.76.21
    Lowest Rate in March Rs.73.95
    Overall Performance Decline
    Percentage Change -2.96%

    March – Week 1 (1 – 7):

    • Petrol price in Hyderabad opened at the rate of Rs.74.49 per litre on the 1st of March 2020. This was the highest recorded rate for the fuel during the first week of the month.
    • In the wake of the Corona virus, the economy has been slowing down significantly. Investors have also been jittery about it which has also led to a major drop in the value of the Indian Rupee against the US Dollar (USD). All these factors have been major reasons behind the constant fall in the price of the liquid gold.
    • In Hyderabad, the price of petrol for the first week of March 2020 closed at the rate of Rs.75.47 per litre on 7th March. There was a percentage change of –0.98% in the overall performance of the fuel.

    March – Week 2 (8 – 14):

    • In Hyderabad, petrol prices stood at Rs.75.27 per litre on 8 March. The rates were down by 20 paise when compared to the closing price of the previous week. The sharp decline in the prices was accounted to the biggest daily percentage fall in Brent crude prices on Friday since December 2008.
    • Petrol prices continued to slip further in the city as the outbreak of coronavirus and price war between Saudi Arabia and Russia meant that the global crude prices continued to fall.
    • The rates closed the week at Rs.73.95 per litre, the lowest recorded price for the month till date. In Hyderabad, the overall performance showed a decline of 2.96% in the prices.

    March – Week 3 (15 - 21):

    • Petrol price?in Hyderabad stood at Rs.74.39 per litre on the 15th of March. Prices kept slumping on the next few days.
    • Petrol closed the week at Rs.73.95 per litre. In the international oil market, oil prices fluctuated due to the coronavirus pandemic.
    • The overall performance of petrol in Hyderabad was -2.91%, trending downwards.

    March – Week 4 (22 - 31):

    • Petrol price in Hyderabad stood at Rs.73.95 per litre on the 22nd of March, unchanged from its previous day’s closing price.
    • Petrol closed the week at Rs.73.95 per litre after state-run oil marketing companies decided not to lower the price further. In the international oil market, oil prices fluctuated due to the coronavirus pandemic, diminishing the demand of the oil.
    • The overall performance of petrol in Hyderabad was -2.96%, trending downwards.

    Trend of Petrol Price in Hyderabad for February 2020 (Rates per litre):

    Parameters Rates/litre
    1st February Rs.77.74
    29th February Rs.76.36
    Highest Rate in January Rs.77.74
    Lowest Rate in February Rs.76.36
    Overall Performance Decline
    Percentage Change -1.80%

    February – Week 1 (1 – 7):

    • Petrol price in Hyderabad stood at Rs.77.74 per litre on the 1st of February, unchanged from its previous day’s closing price. In the international oil market, there’s been a squeeze on oil demand owing to China’s fast spreading coronavirus.
    • The state-run oil marketing companies decided to cut petrol rates further. Petrol closed the week at Rs.77.20 per litre.
    • The overall performance of petrol in Hyderabad was -0.69%, trending downwards.

    February – Week 2 (8 - 14):

    • Petrol price in Hyderabad stood at Rs.76.96 per litre on the 8th of February, trending a bit lower compared to its previous day’s closing price.
    • In the next few days, the state-run oil marketing companies decided to cut petrol rates further. Petrol closed the week at Rs.76.41 per litre, its lowest recorded price for the month.
    • The overall performance of petrol in Hyderabad was -1.71%, trending downwards.

    February – Week 3 (15 - 21):

    • In Hyderabad, petrol prices stood at Rs.76.41 per litre on 15 February. There was no change in the prices when compared to the previous week’s closing price.
    • After staying constant for a couple of days, the rates of diesel dropped by 5 paise in the city on 18 February. This was the only time when the prices saw any change over the week.
    • Petrol prices closed the penultimate week of February at Rs.76.36 per litre in Hyderabad. This was the lowest recorded price for the month till date in the city with the overall performance witnessing a decline of 1.77%.

    February – Week 4 (22 - 29):

    • Petrol price in Hyderabad stood at Rs.76.36 per litre on the 22nd of February, unchanged from the previous day’s closing price.
    • Petrol prices increased a bit for the next couple of days before dropping back to Rs.76.36 per litre, its lowest recorded price for the month of February.
    • The overall performance of petrol in Hyderabad was -1.80%, trending downwards.

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

    Parameters Rates/litre
    1st January Rs.79.85
    31st January Rs.77.89
    Highest Rate in January Rs.80.80
    Lowest Rate in January Rs.77.89
    Overall Performance Decline
    Percentage Change -2.45%

    January – Week 1 (1 – 7):

    • The petrol price in Hyderabad opened at the rate of Rs.79.85 per litre on 1st January 2020. The fuel closed at the same rate on the previous day, i.e. the 31st of December 2019.
    • The price of the fuel inclined from the 2nd day of the week owing to the heated-up situation in the Middle East. One of the major reasons behind the hike in the price of the fuel was the threating statement made by the US President of imposing curbs on Iraq. This led to a hike of over 2% in the price of Brent crude oil in the international market.
    • In Hyderabad, the price of petrol came to a close at the rate of Rs.80.61 per litre at the end of the first week of January 2020. This was also the highest recorded rate of the fuel during the week. There was an incline of 0.95% in the overall performance of the fuel during the week.

    January – Week 2 (8-14):

    • In Hyderabad, petrol prices stood at Rs.80.51 per litre on 8 January. Compared to the previous week’s closing price, the rates witnessed a drop of 10 paise per litre.
    • The rates climbed over the next three days and touched the highest price for the month till date on 11 January with every litre costing Rs.80.80. The spike in the prices was accounted to the turmoil in global oil markets as a result of the standoff between Iran and the United States.
    • Petrol closed the second week of January at Rs.80.47 per litre in the city as the rates slipped towards the end of the week. The overall performance of the fuel was 0.77%, trending upwards.

    January – Week 3 (15-21):

    • Petrol price in Hyderabad opened at Rs.80.47 per litre on the 15th on January, unchanged from the previous day’s closing price. However, prices dropped on the following days.
    • Petrol stood at Rs.79.82 per litre on the 19th of January, marking a gradual drop from its opening day’s price.
    • Petrol dropped further, closing the week at Rs.79.54 per litre as the state-run oil marketing companies decided to slash rates, thereby marking its lowest recorded price for the month of January 2020. Overall performance of petrol in Hyderabad was –0.38%, trending downwards.

    January – Week 4 (22-28):

    • Petrol price stood at Rs.79.54 per litre on 22 January in the city of Hyderabad. Compared to the previous week’s closing price, the rates of the fuel didn’t see any change.
    • With concerns growing that demand for global oil will take a hit due to the impact of coronavirus on the Chinese economy, the rates slipped over the week. Petrol prices declined by Rs.1.30 per litre since the start of the week.
    • The rates of petrol closed the fourth week of January at Rs.78.24 per litre, which was lowest for the month till date. The overall performance of petrol was -2.01%, trending downwards.

    January – Week 5 (29-31):

    • Petrol price in Hyderabad stood at Rs.78.24 per litre on the 29th of January, unchanged from its previous day’s closing price. Prices fluctuated in the international market owing to coronavirus and its effect on the Chinese economy.
    • Petrol closed the month at Rs.77.89 per litre, its lowest recorded price for the month of January.
    • The overall performance of petrol in Hyderabad was -2.45%, trending downwards.

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

    Parameters Rates/litre
    1st December Rs.79.64
    29th December Rs.79.58
    Highest Rate in December Rs.79.70
    Lowest Rate in December Rs.79.31
    Overall Performance Decline
    Percentage Change -0.07%

    December – Week 1 (1 – 7):

    • Petrol price in Hyderabad stood at Rs.79.64 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.79.64 per litre.
    • Prices dipped on the 7th of December, with petrol closing at Rs.79.55 per litre, a 9 paise drop from the previous day’s closing price. Overall performance of petrol in Hyderabad was -0.11%, trending downwards.

    December – Week 2 (8--14):

    • Petrol price in Hyderabad stood at Rs.79.64 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.79.70 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.79.53 per litre. Overall performance of petrol in Hyderabad was -0.13%, trending downwards.

    December – Week 3 (15 - 21):

    • Petrol prices in Hyderabad stood at Rs.79.43 per litre at the start of the third week of December. Compared to the previous day’s closing price, the rates witnessed a drop of 10 paise.
    • The rates continued to be on a downward curve in the next few days. Petrol prices slipped to Rs.79.31 per litre as of 19 December due to low demand for the fuel.
    • The fuel closed the week at Rs.79.31 per litre in Hyderabad. This was the lowest recorded price for the month till date. Petrol’s overall performance in the city was -0.41%, trending downwards.

    December – Week 4 (22 - 29):

    • Petrol price in Hyderabad started the fourth week of December at Rs.79.31 per litre. The rates charged for a litre was unchanged from the previous week’s closing price.
    • The rates remained unchanged for the next few days before starting to climb from 27 December. Petrol prices didn’t see any change over the first few days of the week as Oil Marketing Companies (OMCs) waited for Washington and Beijing to sign a trade deal.
    • In Hyderabad, petrol prices closed the week at Rs.79.58 per litre. The overall performance of the fuel in the city was -0.07%, trending downwards.

    Trend of Petrol Price in Hyderabad for November 2019 (Rates per litre)

    Parameters Rates/litre
    1st November Rs.77.39
    30th November Rs.79.51
    Highest Rate in November Rs.79.51
    Lowest Rate in November Rs.77.11
    Overall Performance Incline
    Percentage Change 2.73%

    November – Week 1 (1 – 7):

    • The price of petrol in Hyderabad opened at Rs.77.39 per litre on the first week of November. Petrol closed at Rs.77.52 per litre on 31 October 2019. This concludes a dip of 13 paise per litre when compared to the previous rate.
    • The Washington-Beijing trade war has affected the demand for the fuel. Brent crude oil was being traded at $55.94 per barrel in the international market. The rate of the crude oil was 26 cents lower than the last recorded closing rate. The crude oil prices were relaxed in the international market owing to the upcoming US and European economic data.
    • At the end of the first week, i.e. on the 7th of November, the price of petrol in India stood at Rs.77.11. So far, this is the lowest price of petrol for the month of November. The overall dip in performance of petrol is -0.36%.

    November – Week 2 (8 – 14):

    • Petrol price in Hyderabad stood at Rs.77.22 per litre on the 8th of November, recording a 11 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 this week.
    • Petrol rose further in the following days, closing the week at Rs.78.02 per litre, its highest recorded price for the month of November till now.
    • The overall performance of petrol in Hyderabad was 0.81%, trending upwards. 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 Hyderabad at Rs.78.21 per litre on the 15th of November, recording a 19 paise hike than the previous day’s closing price. Earlier, during the first week of November, petrol was on declining mode. However, the trend changed last week.
    • Petrol rose further in the following days, closing the week at Rs.78.81 per litre, its highest recorded price for the month of November till now.
    • The overall performance of petrol in Hyderabad 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 Hyderabad started the fourth week of November at Rs.at Rs.78.97 per litre. The prices saw an increase of16 paise per litre when compared to the previous day’s rates.
    • The rates continued to climb over the week as international oil prices increased. Petrol prices jumped to Rs.79.41 on 26th November.
    • Petrol rate closed the month of November at Rs.79.51 per litre. This was the highest recorded price of petrol in Hyderabad for the month. Overall performance of the fuel was 2.73%, trending upwards.

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

    Parameters Rates/litre
    1st October Rs.79.31
    31st October Rs.77.52
    Highest Rate in October Rs.79.31
    Lowest Rate in October Rs.77.52
    Overall Performance Decline
    Percentage Change -2.25%

    October - Week 1 (1-7):

    • Petrol opened the first week of October in Hyderabad at Rs.79.31 per litre. Compared to the previous day’s closing price, the rates increased by 23 paise per litre. The rate charged on the opening day was the highest recorded price in the city for the month till date.
    • With prices of crude oil cooling down and reversing all gains, the prices dropped considerably over the week. After staying constant on October 2, the prices declined by 60 paise in the next three days to cost Rs.78.71 on October 5.
    • The petrol price in Hyderabad closed the week at Rs.78.41 per litre in Hyderabad with the prices of crude oil recording the second consecutive weekly decline. The overall performance of petrol over the week was -1.13%

    October - Week 2 (8 – 14):

    • Petrol price in Hyderabad opened at Rs.78.23 per litre on the 8th of October. There was a drop of 18 paise per litre since the previous day’s closing price.
    • With international oil prices fluctuating over the week, the rates dropped further after staying constant for the next day. OPEC indicating deeper cuts in supply and renewed geopolitical tensions in the Middle East also played its part in the decline of the prices.
    • The rates closed the second week of the month at Rs.77.94 per litre. The closing price was the lowest recorded price of petrol in the city for the month of October till date. The overall performance of the fuel was -1.72% and was trending downwards.

    October - Week 3 (15 – 21):

    • In Hyderabad, petrol price in Hyderabad opened the third week of October at Rs.77.89 per litre. The rates witnessed a fall of 5 paise per litre from the previous day’s prices.
    • Petrol rate in Hyderabad remained the same throughout the week in Hyderabad. International crude oil prices however fluctuated over the week as concerns regarding the demand for oil across the world increased.
    • Petrol closed the third week of October at Rs.76.15 per litre. Till date, this was the lowest recorded price for petrol in the month of September. The overall performance of petrol in Hyderabad was -1.81%, trending downwards.

    October - Week 4 (22 – 28):

    • The price of petrol opened at Rs.77.84 per litre for the fourth week of October in Hyderabad. The rate for the same was Rs.77.89 per litre at the end of the previous day. This marked a dip of 5 paise per litre for the price of petrol.
    • Although the Brent oil was being traded at more than $60 per barrel in the international market, the price of the crude oil witnessed an overall drop.
    • At the end of the fourth week, the petrol price in Hyderabad stood at Rs.77.58 per litre. This was the lowest recorded rate for the month of October. In terms of the overall performance of the fuel, it witnessed a percentage change of -2.18%.

    October - Week 5 (29-31):

    • Petrol price in Hyderabad opened at Rs.77.52 per litre on the 29th?of October, dropping 6?paise?from the previous day’s closing price. It’s also the lowest recorded petrol price in Hyderabad for the month of October. In the international oil market, prices remained stagnant despite Russia promising to pledge a deal with OPEC to keep a check on production and support prices.
    • Petrol rate in Hyderabad stood at Rs.77.52?on the 31st?of October, unchanged from its previous day’s closing price. Meanwhile, in the international oil market, crude prices dipped after an unprecedented rise in US inventories.
    • In the month of October, petrol saw a steady decline in its prices. The overall performance of petrol price in Hyderabad was -2.29%, trending downwards.

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

    Parameters Rates/litre
    1st September Rs.76.49
    30th September Rs.79.08
    Highest Rate in September Rs.79.08
    Lowest Rate in September Rs.76.20
    Overall Performance Incline
    Percentage Change 3.38%

    September - Week 1 (1-7):

    • The prices of petrol in Hyderabad opened the month of September at Rs.76.49 per litre. Petrol prices were the same as the one charged the previous day as the demand for oil in the local market was low.
    • Petrol price in Hyderabad remained constant for the next three days before declining continuously to end the week at Rs.76.27 per litre. In the international oil market, crude oil prices gained after the United States confirmed that trade talks with China will be held in the coming months.
    • The overall performance of petrol in Hyderabad for the first week of September was -0.28%.

    September - Week 2 (8-14):

    • Petrol Price in Hyderabad opened at Rs.76.20 per litre on the 8th of September -7 paise lower than the previous day’s closing price. It’s also the lowest recorded petrol price in Hyderabad for the month of September till now. Meanwhile, in the international oil industry, crude futures dropped after participants reduced positions due to a weak trend in global markets.
    • Petrol rate in Hyderabad remained unchanged for a day before rising slightly again on 10 September, recording Rs.76.26 per litre. The hike was primarily due to a sharp drop in US inventories.
    • The price petrol kept trending upwards, closing the week at Rs.76.48 per litre. Though the overall performance of petrol was -0.01%, market forecast suggests that the prices are going to shoot up in the coming days.

    September - Week 3 (15-21):

    • Petrol price in Hyderabad opened at Rs.76.54 per litre on the 15th of September—6 paise higher than the previous day’s closing price.
    • After staying stable for a day, petrol prices soared, recording Rs.76.79 per litre on 17 September. Meanwhile, in the international market, crude prices dropped after Saudi Arabia’s energy minister stated the kingdom will restore lost oil production by the end of the month.
    • Petrol rate in Hyderabad closed the week at Rs.77.95 per litre, its highest recorded price in the month of September. The substantial increase in petrol prices was primarily due to last week’s drone attack on Saudi Arabia’s Aramco oil refinery. The overall performance of petrol was 1.90%, trending upwards.

    September - Week 4 (22-30):

    • In Hyderabad, petrol price opened at Rs.78.23 per litre on the 22nd of September. The rates were 28 paise higher than the previous day’s closing price.
    • Over the week, the prices continued to climb in the city due to geopolitical tensions and the drone attack on Saudi Arabia’s Aramco oil refinery. Petrol prices jumped to Rs.79 per litre on 27 September before remaining constant for two days.
    • Petrol price closed the final week of September at Rs.79.08 per litre. This was the highest recorded price in the city for the month. The overall performance of petrol was 3.38%, trending upwards.

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

    Parameters Rates/litre
    1st August Rs.77.37
    31st August Rs.76.49
    Highest Rate in August Rs.77.37
    Lowest Rate in August Rs.76.31
    Overall Performance Decline
    Percentage Change -1.13%

    August 2019 – Week 1 (1-7):

    • Petrol price in Hyderabad opened at Rs.77.37 per litre on 1 August, dropping slightly from the previous day’s closing price. Weak demand of the oil in the international as well as in the local market was the primary reason for the slump. Meanwhile, in the international crude oil market, crude prices dropped after the possibility of rate cuts initiated by the US Federal Reserve got squashed.
    • Petrol slumped further on the next day, trending at Rs.77.20 per litre on 2 August— a 17 paise per litre drop from the previous day’s closing price. Prices kept trending downwards with petrol closing at Rs.76.78 per litre on 6 August. In the international oil market, crude prices slumped amid worries over weak demand of the oil after the Trump administration declared that it would impose tariffs on more Chinese imports, further fuelling the trade tension between the two countries.
    • Petrol remained unchanged from its previous day’s closing price, recording Rs.76.78 per litre on 7 August, its lowest price till now in the month of August. The overall decline in petrol price in Hyderabad recorded in the first week of August is -0.76%.

    August 2019 – Week 2 (8-14):

    • price of petrol in Hyderabad opened at Rs.76.72 per litre on the second week of August, recording a 6 paise drop from previous day’s closing price.
    • Petrol dipped further by 16 paise on the next day, standing at Rs.76.56 per litre. The dip was primarily due to the ongoing US-China trade tension, fuelled further by Trump administration’s decision to impose more tariffs on Chinese imports. Rise in US inventories also contributed to the price drop.
    • Petrol price in Hyderabad slumped slightly in the next few days before stabilising at Rs.76.47 per litre, its lowest recorded price till now for the month of August. The overall performance compared to the opening day was -1.16% (decline). Meanwhile, in the international oil market, crude prices dropped due to possible supply cuts amidst looming global economic crisis.

    August 2019 – Week 3 (15-21):

    • Petrol price in Hyderabad opened at Rs.76.47 on 15 August, unchanged from the previous day’s closing price.
    • Petrol prices remained stable for the next few days before dropping to Rs.76.38 per litre on 18 August due to weak demand of petrol in the local market.
    • Petrol prices in Hyderabad slumped further before stabilising at Rs.76.31, its lowest recorded price in the month of August. The overall performance of petrol was -1.37%, trending downwards. Meanwhile, in the international crude industry, oil prices went up due to a drop in US inventories. However, prices are speculated to come down due to sluggish economic growth.

    August 2019 – Week 4 (22-31) :

    • Petrol price in Hyderabad opened at Rs.76.31 per litre on 22nd August, unchanged from previous day’s closing price. After staying stagnant for the next few days, petrol prices went up marginally, recording Rs.76.55 per litre on 26 August. In the international oil market, crude gained after US inventories recorded a substantial slump.
    • Petrol prices were slashed by 6 paise, recording Rs.76.49 per litre. Petrol remained unchanged till the end of the week.
    • Overall, petrol’s performance in Hyderabad was -1.13%, trending downwards. In the international oil market, crude slumped after concerns about the strength of US economy.

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

    Parameters Rates/litre
    1st July Rs.74.86
    28th July Rs.77.73
    Highest Rate in July Rs.78.02
    Lowest Rate in July Rs.74.86
    Overall Performance Incline
    Percentage Change 3.96%

    July 2019 – Week 1 (1-7):

    • Petrol price in Hyderabad opened at Rs.74.86 per litre on 1 July, an increase of 10 paise per barrel owing to oil marketing companies’ decision to raise petrol and diesel prices.
    • Petrol further rose to Rs.74.94 per litre on 2 July. The hike was primarily due to the revised rates as initiated by the oil marketing companies. The prices remained constant until 6 July.
    • Petrol rate in Hyderabad peaked at Rs.77.53 per litre on 7 July, the highest price recorded in the first week of the month of July. The sharp increase was primarily due the Indian Government’s decision to raise excise duty and road and infrastructure cess on petrol by Rs.2 per litre, an announcement made during theBudget 2019.

    July 2019 – Week 2 (8-14):

    • Petrol prices in Hyderabad was priced at Rs.77.53 per litre when the week began, unchanged compared to the previous day’s price, which was an increase of about Rs.2 per litre after the Union Government raised excise duty on petrol and diesel to fund its social welfare scheme.
    • Prices were reduced on 9 July when a litre of petrol was priced at Rs.77.48 amid slight decline in crude oil prices backed by supply cuts led by the OPEC and its allies despite tensions in the Middle East and the ongoing trade war between the US and China.
    • By the end of the week, petrol prices in Hyderabad inclined marginally by 0.18% attributed by the slight increase in crude oil prices despite the supply cuts led by the OPEC and its allies.

    July 2019 – Week 3 (15-21):

    • Petrol was priced at Rs.77.80 per litre on 15 July, which was also the lowest petrol price in Hyderabad during the week after crude oil prices were slightly low after China reported its slowest quarterly economy in 27 years signaling a weak demand from China.
    • Prices rose to touch Rs.77.95 per litre on 18 July – the highest for the week – and remained unchanged until the end of the week amid rising crude oil prices due to weak demand and tensions in the Middle East.
    • By the end of the week, petrol price in Hyderabad was at its highest attributed by the increase in oil prices in the market prompted by tensions in the Middle East after the US shot down an Iranian drone and the ongoing trade war between the US and China.

    July 2019 – Week 4 (22-28):

    • Petrol in Hyderabad opened at Rs.77.95 per litre on 22 July, unchanged from the previous day’s closing price. State-run oil marketing companies decided not to alter or change prices. However, in the international crude oil industry, prices dipped owing to weak demand of oil.
    • Petrol prices increased marginally on the next day by Rs.0.07, standing at Rs.78.02 per litre on 23 and 24 July. The rise was primarily due to a speculated drop in US inventories and ongoing Middle East tensions. The US navy claiming that they have shot down an Iranian drone may have also affected petrol prices globally. However, after staying stable for a couple of days, petrol prices started to drop.
    • After the hike, petrol price gradually dropped, closing the week at Rs.77.53 per lite on 28 July. The slump could be attributed to the weak demand of petrol among investors. Goldman Sachs had earlier slashed its 2019 oil demand projection, thereby lowering its outlook for fuel use. International Energy Agency or IEA predicted that petrol prices are unlikely to go up in the next few days or weeks due to poor demand and a glut in the international crude oil industry.

    Also Check Petrol Price in Metro Cities

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

    Parameters Rates /litre
    2nd June Rs.75.96
    30th June Rs.74.76
    Highest Rate in June Rs.75.96
    Lowest Rate in June Rs.74.29
    Overall Performance Decline-to-rise
    Percentage Change -1.58%

    June 2019 –Week1 (2-8):

    • The price of petrol in Hyderabad fell to Rs.75.96 per litre on 2 June 2019, 9 paise lower than on 31 May.
    • Petrol price in Hyderabad kept falling through the week, hitting a low of Rs.75.37 on 8 June.
    • Global crude oil price declines during the initial days of the week triggered the continuing decline in petrol cost. Though crude price became steady in the last couple of days of the week, investors remained cautious in anticipation of a slowdown in the global economy.

    June 2019 –Week 2 (9-15):

    • Starting at Rs.75.37 on 9 June 2019, the same as the previous day, petrol price in Hyderabad continued to decrease, and settled at Rs.74.36 on 15 June.
    • The prices of crude oil continued to remain stable as OPEC was expected to hold back supply for some more time. The expected economic slump is also leading to reduced demand for petrol across the world.

    June 2019 – Week 3 (16-22):

    • After a 7 paise fall from the previous day in petrol price in Hyderabad on 16 June 2019 to Rs.74.29, there was no change in the fuel’s price during the week.
    • Crude oil prices, on the other hand, saw a downtrend amid confusion over how the US-China trade disruption would hit global economic growth.

    June 2019 – Week 4 (23-30):

    • On 23 June 2019, petrol in Hyderabad carried over at the same rate as the previous day – Rs.74.29.
    • Between 23 and 30 June, the prices rose to Rs.74.76, up 47 paise (0.63%). The overall decrease in petrol price during the month was 1.58%.
    • Crude oil prices fell at the beginning of this week as the world watched with bated breath the proceedings of the G20 summit. There was also an important meeting between other oil producers and the Organisation of the Petroleum Exporting Countries (OPEC). But with news of US crude supplies being lower than expected, its price went up on 26 June.

    Dynamic Fuel Pricing Meaning:

    State-run oil firms consider the 14-days average price of the global crude oil prices as well as the rupee’s exchange rate against the U.S. dollar under the Dynamic Fuel Pricing mechanism since oil prices are dynamic in nature. This is the reason why petrol prices in Hyderabad fluctuate daily. Under this mechanism, oil companies can offset any losses and pass on any benefits to the consumer.

    The reason behind the move to revise fuel prices daily was aimed to pass on the benefit, even the smallest of the change to the customer as well as to dealers. Under the previous method, there were instances of sharp incline or decline in fuel prices, burdening consumers alike.

    With the new pricing, oil companies can shield themselves from sudden leaps in fuel prices which is needed to be brought into effect at the end of a fortnight.

    Components Affecting the Petrol Price in Hyderabad

    The primary factors which affect the petrol price in Hyderabad are the global crude oil price and the rupee’s exchange rate against the U.S. dollar. However, there are other components which determine the retail price of petrol in a city. These include freight charges, entry tax, refinery charges, oil companies’ margin and logistics. Apart from these operational costs, the Centre levies excise duty, while the respective state government charges the local sales tax or Value Added Tax (VAT).

    These charges are usually constant and are not dynamic like the crude oil price or the rupee-dollar exchange rate. Let’s review the reasons why crude oil prices fluctuate.

    • Crude Oil Supply and Demand: Presently, the demand for crude oil in the international market is steady; however, it does fluctuate due to several factors. The Organisation of Petroleum Exporting Countries (OPEC) are the biggest suppliers of crude oil in the market, thereby influencing oil prices. Policies of the OPEC are influenced by any geopolitical developments, hence, any pressure on any of the member countries is bound to limit the supply, which leads to a rise in the prices of crude oil and vice versa.
    • Geopolitical Events: Geopolitics plays an important role in determining the oil price in the market. Tensions in oil-producing or oil-exporting countries often lead to a rise in oil prices, impacted by the shortage in supply. Also, events such as war, natural disasters, and political upheaval influence the rise in oil rates.
    • Future Supply of Oil and Inventories: The biggest oil-producing nations reserve crude oil to keep their economies healthy in case the oil prices incline due to several reasons. These countries stock up their inventories and then spread the supply across the economy to keep oil prices stable.

    Petrol Price Calculation in Hyderabad

    Know how the petrol price in Hyderabad is calculated by State-owned oil companies. Prices shown here are as of 3 January 2019.

    Components Petrol Price Calculation (per litre)
    International Crude Oil Price with Ocean Freight $56.5 or Rs.3,967 per barrel
    One Barrel of Crude Oil 159 litres
    Crude Oil – Cost Rs.24.95
    OMCs Cost for Refinery and Logistics Rs.7.16
    Basic Cost of Fuel after Refining Cost Rs.32.11
    Excise Duty + Road Cess Rs.17.98
    Price Charged to Petrol Pump Owners before VAT Rs.50.09
    Commission to Dealers Rs.3.57
    Cost before VAT Rs.53.66
    VAT (35.20%) Rs.18.89
    Final Retail Price of Petrol as on 3 January 2019 Rs.72.55

    Petrol Price in Hyderabad Compared to other Metro Cities

    The VAT levied on the sale of petrol in Hyderabad is the highest among other states. While petrol attracts VAT of 35.20%, other major metro cities such as Delhi charges 27%, in Mumbai, the VAT on petrol is 26%, while in Chennai it’s 34%.

    Petrol Price Vs. Diesel Price in Hyderabad

    The basic cost of crude oil is similar for both petrol and diesel, however, taxes on petrol is higher compared to diesel. In Hyderabad, petrol attracts VAT of 35.20%, while diesel attracts 27%, making the former costlier.

    Why Petrol is not under GST?

    A new taxation system known as the Goods and Service Tax (GST) was introduced in India from 16 July 2017. However, five petroleum products such as petrol, diesel, natural gas, crude oil, and Aviation Turbine Fuel (ATF) were exempted from the GST. This is because, both the Centre and states were not in favour of GST levied on the sale of petrol and diesel. By bringing petrol and diesel under the GST, the Centre could lose up to Rs.20,000 crore as revenue generated through excise duty, while the states wanted to keep their revenue pool intact for any contingency.

    Also, the total tax incidence of excise duty and VAT is about 45-50% on petrol, while diesel attracts about 35-40%. Under the GST, the highest tax incidence is 28%, thereby reducing the revenue generated by both the Central government and states. The GST is a charged as a percentage on the ex-factory price of the commodity which could have a huge impact on the final selling price whenever the refinery price is hiked amid the rise in crude oil prices in the international market and it could be true vice versa as well.

    If petrol is brought under the ambit of the GST, the final price we pay towards the purchase of petrol will certainly decline, benefiting consumers the most. That said, we need to see if there will be a different tax structure for petroleum products as they are a huge source of revenue for both the Centre and states.

    State Taxes and Petrol Price in Hyderabad

    State and central government taxes form about 50% of the selling price of petrol in Hyderabad. While the state government of Telangana levies a value added tax (VAT) of 35.20% on a litre of petrol, the central government’s excise duty is Rs. 19.48/Lt of petrol.

    The VAT levied by the state government is highest among the other states in India and is the second highest among the south Indian states.

    It was reported that the non-abolishment of entry tax, which is 8% of VAT, by the Telangana government is the reason for high tax rate in the state. As per the new goods and services tax (GST) act, all taxes including the entry tax need to be abolished. However, the state government is still collecting entry tax as part of VAT and preventing people from enjoying the reduced tax benefits.

    How Often Petrol Prices are Revised in Hyderabad?

    With the introduction of dynamic fuel pricing or daily revision of prices, petrol prices in Hyderabad are revised on a daily basis with effect from 16 June 2017.

    Before dynamic pricing, petrol prices in the city were revised on a fortnightly basis, i.e., on 1st and 16th of every month. But now with the daily price revision in place, Hyderabadis, along with people from other cities, have to pay a different price every day for petrol.

    The updated petrol price will be displayed at the petrol pumps within the city. As per the new regulations, all the petrol pumps need to update the revised petrol price by 6 a.m. every morning. While automated petrol stations, which are centrally connected, will have an auto update of petrol price in Hyderabad, the non-automated stations have to do it manually, by fetching the same from the oil company’s websites.

    Customers can download the mobile apps of respective oil companies such as the state-owned Indian Oil, Hindustan Petroleum, Bharat Petroleum and privately-held Shell and Essar to find the daily revised petrol price.

    For dealer/fuel station-specific price, customers can SMS the dealer’s code, which is again displayed at the petrol pump, to a specific number as allotted by the oil companies.

    Effect of GST on Hyderabad Petrol Price

    As we all are aware, the Indian government has implemented a new tax system to charge all the goods and services in the country. Popularly known as GST, the goods and services tax is an indirect tax levied on the supply of goods and services in the country.

    GST successfully replaced all state and central taxes levied at cascading stages on a product/service. Since its inception, many of us are curious about how GST affects petrol price in Hyderabad. If you are one among them, here is the eye-opener.

    The effect of GST on petrol price is currently nil, as petrol along with other petroleum products, are not taxed under GST. They still have the old tax model, which includes state levied value added tax (VAT) and centre levied excise duty.

    This is the reason why petrol prices remained least affected, even after GST became effective from July 2017.

    However, experts opine that bringing petrol under GST would significantly bring its price down as the combined state and central taxes on petrol are more than the highest tax rate levied under GST.

    Petrol versus Diesel Rate in Hyderabad

    Petrol price in Hyderabad, just like in other cities, is higher than the diesel price. Though both petrol and diesel are extracted from the same crude oil, the price difference is mainly due to the difference in the taxes levied on each product, the difference in the international crude oil price and to some extent the difference in dealer’s margin.

    While the central excise tax levied on petrol is Rs. 19.48/Lt, it is Rs.15.33/Lt on diesel. Similarly, there is a difference in the value added tax (VAT) levied by the state government. The VAT on petrol in Telangana state is 35.20%, whereas it is only 27% on diesel.

    The difference in tax is what makes petrol dearer than diesel. Other factors that make a marginal difference in the price of petrol and diesel are the dealer’s margin, oil company’s profits, cost of marketing, transport and other charges.

    Also Check Petrol Price in NearBy Cities of Hyderabad

    *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 Hyderabad

    • No changes made to the prices of petrol across most cities on 17 May 2020

      Oil marketing companies that are run by the state did not make any changes to the prices of petrol across the major cities in India on 17 May 2020. Depending on the demand, there may be fluctuation in petrol prices in a few places.

      Even though the prices of crude oil have fallen drastically, the prices of petrol have mostly remained unchanged. The Central Government increased the VAT on petrol by Rs.10. The prices of petrol in Hyderabad, Delhi, Chennai, and Mumbai remained the same when compared to 16 May 2020. The updated prices of petrol in Hyderabad, Delhi, Chennai, and Mumbai are at Rs.73.97, Rs.71.26, Rs.75.54, and Rs.76.31 for a litre, respectively. The prices of petrol are the cheapest in Delhi when compared to most state capitals and all the metros because of lower taxes. Since more than 80% of India crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of petrol in the country. The demand for petrol in India has dropped down significantly due to the coronavirus outbreak and the subsequent lockdown. Brent crude oil prices have fallen drastically and are nearly $30 for a barrel.

      17 May 2020

    • Prices of petrol increased in Kolkata and Mumbai on 2 April 2020

      Oil marketing companies that are operated by the state increased the prices of petrol in Kolkata and Mumbai by Rs.1.01 on 2 April 2020. The prices of petrol in both cities were stagnant over the last 16 days.

      According to the data available on the official website of Indian Oil Corporation, the prices of petrol in Kolkata and Mumbai have been increased by Rs.1.01 and are at Rs.73.30 and Rs.76.31 for a litre, respectively. Apart from Kolkata and Mumbai, the prices of petrol have remained the same across the major cities in India on 2 April 2020 for 17 days in a row. The price of petrol in Delhi has remained the same as on 1 April 2020 and is at Rs.69.59 for a litre. Delhi has the cheapest prices of petrol when compared to most state capitals and all the metros because of lower taxes. In the month of March, the price of petrol in Delhi was reduced by Rs.2.12. The prices of petrol in Chennai, Noida, and Gurugram are also the same when compared to 1 April 2020 and are at Rs.72.28, Rs.72.03, and Rs.70.21 for a litre, respectively. Since around 83% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the global markets determine the prices of petrol in the country. From 1 April 2020, the country moved to BS-VI norms.

      2 April 2020

    • Prices of petrol reduced by up to 15 paise across the major cities on 13 March 2020

      Oil marketing companies that are run by the state reduced the prices of petrol by up to 15 paise across the major cities in India on 13 March 2020. However, no changes were made to the prices of petrol in Delhi.

      According to the details available on the official website of Indian Oil Corporation, the price of petrol in Delhi remained the same as 12 March 2020 and is at Rs.70.14 for a litre. It is worth noting that the price of petrol is the cheapest in Delhi when compared to all the metros and most state capitals because of lower taxes. So far in March, the price of petrol has been reduced by Rs.1.75 in the National Capital Region (NCR). The prices of petrol in Noida and Gurugram remained the same when compared to 12 March 2020. The updated prices of petrol in Noida and Gurugram are Rs.72.46 and Rs.70.64 for a litre, respectively. In Kolkata, the price of petrol was reduced by 13 paise and is at Rs.72.70 for a litre. The price of petrol in Mumbai was reduced by 14 paise and is at Rs.75.70 for a litre. In Chennai, the price of petrol was reduced by 15 paise and is at Rs.72.71 for a litre. Since around 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international market determine the prices of petrol in the country.

      13 March 2020

    • Prices of petrol fall for the fourth consecutive day on 3 March 2020

      Oil marketing companies that are controlled by the state reduced the prices of petrol by up to 5 paise across the major cities in India on 3 March 2020. The prices of petrol have been reduced for the fourth day in a row.

      In the last week, Brent crude oil prices in the international market reduced by 14%, its biggest drop since January 2016. The price of petrol in Delhi has been reduced by 5 paise and touched Rs.71.44 for a litre. The price of petrol is the cheapest in Delhi when compared to all the metros and most state capitals because of lower taxes. On 2 March 2020, the prices of petrol were reduced by up to 23 paise across the major cities in India. The prices of petrol were reduced by 5 paise in Kolkata, Mumbai, and Chennai and hit Rs.74.11, Rs.77.13, and Rs.74.23 for a litre, respectively. In Gurugram and Noida, the prices of petrol were reduced by 4 paise and touched Rs.71.66 and Rs.73.48 for a litre, respectively. According to India’s daily pricing mechanism, the value of the rupee against the dollar and the crude oil prices in the global markets affect the prices of petrol in the country. Brent crude oil futures prices in the international market increased by 2.5% and were trading at $53.18 for a barrel.

      4 March 2020

    • OMCs cut petrol prices for sixth successive day

      The rates of petrol were slashed across the major cities of the country for the sixth successive day on Tuesday. State-run Oil Marketing Companies (OMCs) reduced the prices by 16-17 paise per litre following the revision in the prices.

      A litre of petrol was retailed for Rs.71.94 in New Delhi after the prices were reduced by 16 paise. In Mumbai and Kolkata, the rates got cheaper by 16 paise and was retailed for Rs.77.60 and Rs.74.58 respectively while in Chennai petrol prices dipped by 17 paise per litre to cost Rs.74.73. In non-metropolitan cities like Noida and Gurugram, a litre of petrol was retailed for Rs.75.15 and Rs.72.04 after the rates were cut by 13 and 12 paise respectively.

      It must be noted here that in the last ten days the rates of petrol have declined by Rs.1.15 per litre in New Delhi. Petrol prices are the cheapest in the national capital among all metropolitan cities and most state capitals due to lower taxes.

      In the international oil market, crude oil prices jumped by 1 percent on Tuesday. The futures of Brent crude and US West Texas Intermediate (WTI) crude were up by 73 and 63 cents to be trading at $54.06 and $50.20 per barrel respectively.

      The rates charged for a litre of petrol in the country 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 February 2020

    • OMCs continue to slash petrol prices

      Oil Marketing Companies (OMCs) continued to cut the rates of petrol across the major cities of the country. On Sunday, the prices were slashed for the fourth consecutive day. Compared to the previous day’s rates, petrol prices were reduced by 16-18 paise for a litre. Following the revision in the prices, a litre of petrol was retailed for Rs.75.09 in Delhi, Rs.77.69 in Kolkata, Rs.80.68 in Mumbai, and Rs.78.01 in Chennai.

      In the international oil market, crude oil prices stabilised on Friday as slow economic growth in China raised concerned over fuel demand and countered the optimism from the signing of a trade deal between Washington and Beijing. The futures of Brent crude oil were up by 23 cents and was trading at $64.85 per barrel. The rupee however declined for the second straight day and settled at 71.08 against the US dollar.

      It must be noted here that the rates of fuel in the country are revised daily by OMCs as per the dynamic pricing scheme which was adopted 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 January 2020

    • Prices of petrol increase by up to 17 paise on 30 December 2019

      Oil marketing companies that are managed by the state increased by the prices of petrol by up to 17 paise across the major cities in India on 30 December 2019. The main reason for the increase in prices was the gain in crude oil prices in the global markets.

      According to the data available on the official website of Indian Oil Corporation, the price of petrol in Delhi was increased by 16 paise and hit Rs.75.04 for a litre. However, Delhi has the cheapest prices when compared to most other cities in India as lower taxes are levied. On 29 December 2019, the prices of petrol were increased by up to 15 paise across the major cities in India. So far for the month of December, the prices of petrol have increased by up to 13 paise for a litre. The price of petrol in Kolkata was increased by 18 paise and hit Rs.77.70 for a litre. In Mumbai, the price of petrol was increased by 16 paise and hit Rs.80.69 for a litre. In Chennai, the price of petrol was increased by 17 paise and hit Rs.78.02 for a litre. In Gurugram and Noida, the prices of petrol increased by 13 paise and 12 paise and touched Rs.74.53 and Rs.76.32 for a litre, respectively. On 30 December 2019, the prices of crude oil increased in the global market as there was optimism that the trade deal between China and the US would be signed soon.

      30 December 2019

    • Petrol prices remain the same on 8 December 2019

      Oil marketing companies that are owned by the state did not make any changes to the prices of petrol across the major cities in India on 8 December 2019. There were no changes in the prices of petrol on 7 December 2019 as well.

      As per the official website of Indian Oil Corporation, the price of petrol in Delhi is at Rs.74.86 for a litre. The prices of petrol are the cheapest in Delhi when compared to most other state capitals as lower taxes are levied. The prices of petrol in Mumbai, Kolkata, Chennai, Noida, and Gurugram were the same on 8 December 2019 when compared to 7 December 2019. The prices of petrol in Mumbai, Kolkata, Chennai, Noida, and Gurugram are at Rs.80.51, Rs.77.54, Rs.77.83, Rs.76.18, and Rs.74.38 for a litre, respectively. Some of the main factors that affect the prices of petrol in India are the rupee to the dollar exchange rate and global crude prices. Over 80% of the crude requirements of India are imported.

      9 December 2019

    • Petrol prices increase for the fifth day in a row on 18 November 2019

      On 18 November 2019, oil marketing companies that are run by the state increased the prices of petrol by up to 16 paise for the fifth consecutive day. In the month of November, the prices of petrol have increased by Rs.1.19 for a litre so far.

      According to the data available on the official website of Indian Oil Corporation, the price of petrol in Delhi increased by 16 paise and hit Rs.74.05 for a litre. The price of petrol is the cheapest in Delhi when compared to other major cities because lower taxes are levied. On 17 November 2019, the price of petrol increased by 10-12 paise. In Mumbai and Kolkata, the prices of petrol increased by 16 paise and hit Rs.79.71 and Rs.76.74 for a litre, respectively. The price of petrol in Chennai also increased by 16 paise and hit Rs.76.81 for a litre. The prices of petrol in Noida and Gurugram increased by 12 paise and 13 paise and hit Rs.75.54 and Rs.73.75 for a litre, respectively. According to India’s daily pricing mechanism, the prices of petrol are determined by the global crude prices and the rupee to the dollar exchange rate. Crude prices were static on 18 November 2019 as there were predictions that a trade deal between China and the US would be struck.

      18 November 2019

    • Petrol prices remain constant for second consecutive day

      The rates of petrol remained constant across the major cites of the country for the second consecutive day on Monday. Following Monday’s revision in the prices, a litre of petrol cost Rs.72.98 in the national capital. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai consumers were required to shell out Rs.78.60, Rs.75.63, Rs.74.79 respectively. In non-metropolitan cities like Noida and Gurugram OMCs charged Rs.74.66 and Rs.72.86 for a litre of petrol. The cost of petrol was the cheapest in the national capital among all metropolitan cities and state capitals due to lower taxes.

      In the international oil market, crude prices remained static on Monday after Russia affirmed its pledge to a deal with OPEC in keeping the production in check as well as support prices. The futures of Brent crude oil were trading at $62.01 per barrel.

      It needs to be mentioned here that the prices of fuel charged in the country are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar. This became a norm after OMCs adopted the dynamic pricing scheme in June 2017 and also because the country imports 80% of the total crude requirement.

      30 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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