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  • Petrol Price In India Today

    Petrol Price In Indian Cities
    City Petrol ( / liter)
    AGRA ₹ 77.23
    AHMEDABAD ₹ 75.92
    ALIGARH ₹ 77.45
    ALLAHABAD ₹ 77.5
    AMBALA ₹ 76.91
    AMRAVATI ₹ 85.37
    AURANGABAD ₹ 83.11
    BANGALORE ₹ 78.05
    BAREILLY ₹ 77.53
    BELGAUM ₹ 78.07
    BHOPAL ₹ 82.4
    BHUBANESHWAR ₹ 75.62
    CHANDIGARH ₹ 73.86
    CHENNAI ₹ 79.71
    COIMBATORE ₹ 80.07
    CUTTACK ₹ 75.8
    DEHRADUN ₹ 78.05
    DELHI ₹ 76.8
    DINDIGUL ₹ 80.55
    ERODE ₹ 80.13
    FARIDABAD ₹ 77.58
    GHAZIABAD ₹ 77.48
    GULBARGA ₹ 78.01
    GUNTUR ₹ 82.94
    GURGAON ₹ 77.33
    GUWAHATI ₹ 78.96
    HYDERABAD ₹ 81.35
    INDORE ₹ 82.45
    JABALPUR ₹ 82.49
    JAIPUR ₹ 79.55
    JALGAON ₹ 85.09
    JAMMU ₹ 78.51
    JAMNAGAR ₹ 75.86
    JAMSHEDPUR ₹ 76.7
    JODHPUR ₹ 79.46
    KAKINADA ₹ 83.13
    KANNUR ₹ 78.85
    KANPUR ₹ 77.31
    KARNAL ₹ 77.1
    KARUR ₹ 80.05
    KOLHAPUR ₹ 84.38
    KOLKATA ₹ 79.46
    KOTA ₹ 79.18
    KOZHIKODE ₹ 78.89
    KURNOOL ₹ 83.17
    LUCKNOW ₹ 77.54
    LUDHIANA ₹ 82.29
    MADURAI ₹ 80.32
    MALAPPURAM ₹ 79.18
    MANGALORE ₹ 77.43
    MEERUT ₹ 77.32
    MUMBAI ₹ 84.18
    MYSORE ₹ 77.75
    NAGERCOIL ₹ 80.56
    NAGPUR ₹ 84.08
    NANDED ₹ 85.66
    NASIK ₹ 84.52
    NELLORE ₹ 83.21
    NOIDA ₹ 77.59
    PATNA ₹ 82.28
    PONDICHERRY ₹ 75.6
    PUNE ₹ 83.99
    RAIPUR ₹ 77.2
    RAJKOT ₹ 75.78
    RANCHI ₹ 76.7
    RATLAM ₹ 82.35
    SALEM ₹ 80.43
    SANGLI ₹ 84.12
    SHIMLA ₹ 76.97
    SHIMOGA ₹ 78.68
    SOLAPUR ₹ 84.73
    SRINAGAR ₹ 81.21
    SURAT ₹ 75.85
    THANE ₹ 84.26
    THANJAVUR ₹ 80.38
    THIRUVANANTHAPURAM ₹ 79.92
    THRISSUR ₹ 79.08
    TIRUCHIRAPALLI ₹ 80.19
    TIRUNELVELI ₹ 80.06
    UDAIPUR ₹ 80.11
    UDUPI ₹ 77.63
    VADODARA ₹ 75.66
    VARANASI ₹ 77.6
    VELLORE ₹ 80.81
    VISAKHAPATNAM ₹ 82.08
    WARANGAL ₹ 80.98

    Introduction to Fuel Pricing in India

    Petrol is an essential commodity in our day-to-day life. We use it mainly for the purpose of transportation. The price, which is charged at petrol pumps, is the retail price of petrol for consumers. Have you ever questioned yourself that how petrol rates in India are computed? Which are the influencers of the cost of petrol? Whether or not petrol has been covered under the regime of GST? These are very important questions from the stance of petrol users someone like you. Let’s get into the discussion.

    Daily Revision of Petrol and Diesel Prices in India (Dynamic Fuel Pricing)

    How are petrol and diesel prices in India determined today? We have a new fuel pricing mechanism in place called dynamic fuel pricing, which is also called daily revision of fuel rates. The new pricing system was introduced in India on 16th June 2017 after conducting a long 40-day trial in five cities - Chandigarh, Udaipur, Jamshedpur, Puducherry, Vishakhapatnam.

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    Under this system, fuel rates are revised on a daily basis considering global crude oil rates and the rate of currency conversion. The system is in practice across 58,000 petrol bunks in India. The system brings transparency and addresses complexities involved in the previous fortnightly-based revision. It lets fuel users pay market-determined prices despite the impact.

    Petrol and diesel rates are revised at 06:00 a.m. every day.

    There are two categories of petrol bunks:

    1. Automated, which automatically modify rates with no human intervention and
    2. Non-automated, which manually revise. Only 20% out of 58,000 petrol bunks are automated and the rest are non-automated. The revised rates shall be displayed at bunks for the public.

    How to Check Petrol Prices in India every day?

    State-owned oil marketing entities account for at least 90% of retail fuel stations in India. Renowned oil brands such as Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), and Indian Oil have strategically designed a few initiatives that help consumers spot the latest rates.

    Here is How You Can Track Petrol Prices Regularly:

    Options HP BPCL Indian Oil
    SMS service Type: HPPRICE DEALER CODE and send it to 9222201122 Type: RSP DEALER CODE and send it to 9223112222 Type: RSP DEALER CODE and send it to 9224992249
    Online Service Visit www.hindustanpetroleum.com and then go to “Pump Locator” Visit www.bharatpetroleum.in and then go to “Pump Locator” Visit www.iocl.com and then go to “Pump Locator”

    Mobile app You can also download Bankbazaar App and check the prices instantly on your smartphone. Google Play

    Trend in Petrol Prices in Delhi (January 2018-March 2018)

      January 2018 February 2018 March 2018
    Opening date price Rs.69.97 Rs.73.05 Rs.71.57
    Closing date price Rs.72.92 Rs.71.51 Rs.73.55
    Highest price Rs.72.92 (Booked on 30 January) Rs.73.38 (Booked on 6 February) Rs.73.55 (Booked on March 26)
    Lowest price Rs.69.97 (Booked on 1 January) Rs.71.50 (Booked on 25 February) Rs.71.57 (Booked on 1 March)
    Overall performance Increasing Declining Increasing
    % Deviation 4.05% 2.15% 2.69%
    Petrol Price in Delhi

    The data has been sourced from the official websites to construct this table. As you can see from the table, the petrol price has produced an upward trend throughout the month of January 2018. It was up 4.05% to Rs.72.92 per litre on the closing date. Since the crude oil has decreased marginally, the fuel prices was down 2.15% to Rs.71.51 per litre on the last day of February 2018.

    The fuel rate stirred upwards during the first few days of the month and began sliding towards the end. It continued an upward trend in March 2018 and was up by 2.69% during the month. The highest petrol rate was registered at Rs.73.55 per litre on 26 March 2018 whereas the lowest petrol price at Rs.69.97 per litre on the beginning day of January 2018.

    Trend in Petrol Prices in Mumbai (January 2018 -March 2018)

      January 2018 February 2018 March 2018
    Opening date price Rs.77.87 Rs.80.91 Rs.79.45
    Closing date price Rs.80.79 Rs.79.39 Rs.81.41
    Highest price Rs.80.79 (Registered on 30 January) Rs.81.24 (Registered on 6 February) Rs.81.41 (Registered on 31 March
    Lowest price Rs.77.87 (Registered on 1 January) Rs.79.38 (Registered on 25 February) Rs.79.45 (Registered on 1 March)
    Overall performance Growing Decreasing Growing
    % Deviation 3.61% 1.19% 2.41%
    Petrol Price in Mumbai

    The VAT is levied in Mumbai, the capital city of Maharashtra, at 47.94% on petrol. It is the highest among other Indian states. This is the reason why the petrol price in Mumbai is costlier. The petrol rates not only in Mumbai but also in Chennai, Delhi and Kolkata have hit their historical highs in January 2018. They have gained in January 2018 and March 2018 by 3.61% and 2.41% correspondingly.

    So far this year, 2018, the fuel was priced the highest at Rs.81.41 per litre on 31 March 2018 in the city. The lowest price was registered at Rs.77.87 per litre on 1 January 2018. The fuel rate has slid by 1.19% in February 2018 since costs of crude oil were comparatively low during the month. The price is anticipated to grow further.

    Trend in Petrol Prices in Bangalore (January 2018-March 2018)

      January 2018 February 2018 March 2018
    Opening date price Rs.71.06 Rs.74.20 Rs.72.69
    Closing date price Rs.74.07 Rs.72.63 Rs.74.71
    Highest price Rs.74.07 (Booked on 30 January) Rs.74.54 (Registered on 6 February) Rs.74.71 (Registered on 31 March)
    Lowest price Rs.71.06 (Booked on 1 January) Rs.72.62 (Registered on 23 February) Rs.72.69 (Booked on 1 March)
    Overall performance Increasing Falling Increasing
    % Deviation 4.06% 2.16% 2.70%
    Petrol Price in Bangalore

    As we can observe from the table, the petrol price in Bangalore is lower compared to Mumbai, but higher compared to Delhi. The price of the fuel tends to vary from city to city because of two reasons: 1) the VAT component and 2) the dealer’s commission. Like Delhi and Mumbai, even in Bangalore, the petrol prices were up in January 2018 and March 2018 by 4.06% and 2.70% respectively.

    Between January 2018 and March 2018, in the city of Bangalore, the highest fuel price was logged at Rs.74.71 per litre on 31 March and the lowest fuel price at Rs.71.06 per litre on the opening of January 2018. The quantum of deviation is different amid these cities. For instance, in Bangalore, the percentage of fall in the petrol price in February 2018 is different from that of in Delhi and Mumbai.

    Impact of GST on Oil and Natural Gas Industry

    The Goods and Services Tax (GST) is a unified indirect tax platform that was implemented in July 2017.As on today, the oil and natural gas industry has been kept outside the GST regime. What would have been the impact on the industry if GST was imposed?

    The cost of compliance would have doubled as the industry had to comply with the present and GST tax structures. The implementation of GST would have resulted in non-creditable tax, which means the participants of the industry had to pay GST upon the purchase of plant and machinery. They would not have been able to obtain credit on saleable products. Moreover, upstream corporations would have been adversely affected by a hike in the tax rate from 15% to 18%.

    With respect to the segment of gas utilities, gas marketers would have faced complexities since they had to remit GST on transmission rates. GST excludes five petroleum derivatives - natural gas, high-speed diesel, crude oil, motor spirit and aviation turbine fuel while it covers other commodities such as kerosene, LPG, fuel oil, naphtha.

    GST Impact on Petrol Prices in India

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

    Fuel cost (after freight, margin of OMCs, refining expenses) Rs.27.51 a litre
    The center’s excise duty Rs.21.48 a litre
    Pump dealer’s commission Rs.2.5 a litre
    Gross rate before Value Added Tax Rs.51.48 a litre
    27% VAT on gross price (Delhi) Rs.13.9 a litre
    Pollution cess at 25p Rs.0.25 a litre
    Retail price of petrol (RSP) Rs.65.63 a litre

    32% of the retail price of petrol goes to the central government and 21.5% to the state. The central government gets Rs.21.48 and the state Rs. 14.15 if the RSP is 65.63. This is the current scenario.

    What is the impact of GST on petrol prices in India? Let’s take an example of the capital city, Delhi.

    A litre of petrol costs Rs.70.56 in Delhi as on 28th September 2017. It will fall to Rs.30.85 a litre when we take out Rs.21.48 paid as the excise duty a litre, the state government’s 27% VAT, Rs.3.24 remitted as commission to dealers. If GST is imposed on petrol, how much do we pay?

    Here goes the calculation:

    · In case 12% GST on petrol, a litre of petrol costs Rs.38.10.

    · In case 18% GST on petrol, the cost of petrol per litre is Rs.40.05.

    · In case 28% GST, which is the highest rate fixed till date, the cost in the city is Rs. 43.44 per litre.

    Petrol prices in India would have cheaper for consumers, but the revenue source for both the governments would have been adversely affected. Let’s wait till the next turn.

    Industry Stakeholders

    It is important to understand the participants of the oil and natural gas industry to understand how petrol prices in India are determined. They include:

    • Oil production and exploration corporations: These corporations are liable for producing oil in its crude form. The major participants of this segment include Crain India, Reliance Industries, Oil and Natural Gas Corporation (ONGC), Oil India. Only 25% of the country’s oil requirements is met through these companies and the rest through importing.
    • Oil Marketing Corporations: Oil marketing companies, also called refineries, manage everything from the stage of crude oil till the delivery of saleable fuel to dealers. This segment consists both public and private sector companies such as Reliance Industries, Essar, Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Private Corporate.
    • Dealers: Owners of petrol bunks are called dealers who can be individuals or business entities. They sell petrol to end customers after adding their margins and local taxes.

    Quarterly Petrol Price Trend In India Between January 2018 And March 2018

      January February March
    Opening date price Rs.69.97 per litre Rs.73.03 per litre Rs.71.63 per litre
    Closing date price Rs.72.92 per litre Rs.71.49 per litre Rs.73.55 per litre
    Highest price Rs.72.92 per litre recorded on 31 Rs.73.36 per litre recorded on 6 & 7 Rs.73.55 per litre recorded on 31
    Lowest price Rs.69.97 per litre recorded on 1 Rs.71.49 per litre recorded on 27 & 28 Rs.71.63 per litre recorded on 1
    Trend Upward Downward Upward
    %Change +4.05% -2.15% +2.69%

    Trend In Petrol Price In India In January 2018

    • On the first day of 2018, petrol price in India stood at Rs.69.97 per litre which is also the lowest price of petrol for the month. Cost of petrol in metros such as Kolkata stood at Rs.72.72 per litre, Mumbai at Rs.77.87 per litre, and Chennai at Rs.72.53 per litre.
    • While the trend of petrol prices in the first week of January remained steady, they gradually increased by up to a rupee by the second week of the month ending at Rs.71.18 per litre on the 15th.
    • The increase in fuel prices was attributed to the hike in the Indian Oil Basket price which stood at $67.50 per barrel on the the 10th, then moving upwards at $68.02 on the 15th.
    • The average petrol price in January 2018 stood at Rs.71.45 per litre in the country and on the last day of the month petrol price stood at Rs.72.92 per litre.
    • Overall, petrol price in India in January 2018 indicated an upward trend of 4.05% attributed to an increase in international crude oil price and the USD/ INR exchange ratio, which was down by 14 paise.

    Trend In Petrol Price In India In February 2018

    • Petrol price in India on the 1st February stood at Rs.73.03 per litre and remained steady during the first 15 days averaging Rs.73 per litre.
    • The Union Budget for fiscal 2018-19 was presented by the Finance Ministry and despite being a key driver in determining the petrol price in India, there were no noticeable changes in the price of fuel in first two weeks.
    • In the second half of February 2018, petrol price declined by nearly a rupee as INR gained against the USD. The lowest petrol price in India in February was recorded at Rs.71.59 per litre on the 25th.
    • The trend in petrol price in India in February 2018 was on the downward recording a 2.15% decline from the opening date price to the closing date price.
    • Prices of petrol in February 2018 recorded the highest as well as the lowest rate, Rs.71.49 per litre on the last day of the month, for the quarter.

    Trend In Petrol Price In India In March 2018

    • Petrol price in March 2018 began with Rs.71.63 per litre on the first day, which is also the lowest petrol price for the month.
    • Since the value of the USD dropped against INR, the price of petrol in India increased nearly by a rupee by the 15th of the month compared to the opening date price.
    • During the third week of the month, the increase in petrol price was significantly lower, but towards the end of the month, petrol price was at its highest at Rs.73.55 per litre.
    • Overall, the trend of petrol price for the month witnessed an upward trend of 2.69% determined by the hike in the international crude oil prices and the appreciation of INR over the USD.

    Components of Petrol Prices in India

    A litre of petrol in the national capital costs you Rs.70.56 at the moment. The central excise duty is Rs.21.48 a litre as on today? Why are we paying so much then? How is the RSP computed? The computation of RSP is based a few considerations, which are:

    1.Cost of crude oil plus cost and freight charges

    The cost of crude oil is the biggest component of the RSP. Oil manufacturing companies pay crude oil prices in addition to the cost and freight charges to buy oil from overseas companies. India is one among the biggest importers of crude oil.

    2.Refinery transfer price (RTP)

    Refinery transfer price is the cost incurred by OMCs to convert crude oil into refined petrol. In other words, RTP is a fee charged by refineries to OMCs to convert oil into refined petrol.

    3.OMCs profit margin

    OMCs retain the possession of oil until it is refined and then they sell refined petrol to local dealers after adding a profit margin.

    4.Central and state taxes

    Tax on petrol is imposed by the state and the central. The central excise duty is the same across the nation while the component of VAT varies within states.

    5. Dealer commission

    Local dealers or petrol bunk owners sell petrol to end customers after adding their commission per litre of petrol. Dealer commission may slightly vary.

    All the aforementioned components get added to the final price. The variable components of petrol prices in India are transportation costs and the state VAT.

    Breakup of Petrol Prices in India

    The INR has strengthened against the USD recently. The crude oil price floats around $48 at present. The cost of one barrel, which is equivalent to 159 litres, is Rs.3210 that means a litre of oil costs you Rs.20.19. Crude oil prices are also marked to market dynamics. With this information, let’s now take a closer glimpse at the breakup of petrol prices in India as on 24th August 2017.

    Petrol rate
    The cost of crude oil with freight Rs.3,210 a barrel of 159 litres
    The cost of crude a litre Rs.20.19
    OMC cost computation
    Refinery and processing expenses Rs.6.03 a litre
    Freight, transportation, OMC margin Rs.3.31 a litre
    Fuel cost after refining Rs.29.53 a litre (52% of RSP)
    The central excise duty on petrol Rs.21.48 a litre (25% of RSP)
    Dealer price before VAT Rs.51.01 a litre
    Dealer retail price computation
    Dealer commission Rs.3.23 a litre (2% of RSP)
    VAT 27% plus 25p pollution cess Rs.14.64 a litre (17% of RSP)
    Retail selling price of petrol in Delhi Rs.68.88 a litre

    This is how the retail selling price of petrol is computed in India.

    VAT on Petrol Prices in India

    The following table gives you an idea about effective rates of VAT imposed on petrol by Indian states as on 1st September 2017. The data has been released by Petrol Planning and Analysis Cell (PPAC).

    State VAT on petrol State VAT on petrol
    Andhra Pradesh 38.82 Arunachal Pradesh 20.00
    Chhattisgarh 28.88 Bihar 26.00
    Assam 32.66 Goa 17.00
    Delhi 27.00 Himachal Pradesh 27.00
    Haryana 26.25 Puducherry 21.15
    Jharkhand 31.07 Gujarat 28.96
    Madhya Pradesh 38.79 Jammu & Kashmir 29.53
    Manipur 25.00 Maharashtra 47.64
    Kerala 34.06 Karnataka 30.00
    Mizoram 20.00 Nagaland 24.68
    Rajasthan 32.91 Punjab 36.04
    Sikkim 30.88 Tamil Nadu 34.00
    Odisha 26.00 Meghalaya 22.44
    Telangana 35.20 Uttarakhand 32.51
    Uttar Pradesh 32.45 West Bengal 26.85
    Also Know: Diesel Price In India

    Factors Impacting Petrol Prices in India

    The cost of petrol in India is impacted by the following factors:

    1. Crude oil prices

    The pricing of crude oil is often what impacts petrol rates the most. Crude oil, also called unrefined oil, is an international commodity. The market for which is dynamic in nature. The most common influencers of the cost of oil include:

    • Demand and supply: The law of demand applies even for petrol prices, which increase when there is an increased demand for oil and decrease if there is a decreased demand.
    • Future supplies and reserves: An inadequate amount of oil reserves increases the oil cost that in turn impacts fuel rates.
    • Political events: Crude oil pricing is affected by wars, natural calamities, new government regulations.
    • Demand from leading economies: The oil price boosts when there is a larger demand from leading economies of the world.

    2. Taxes

    As discussed earlier, petrol is taxed by centrally and by the state. Petrol prices in India will change in proportion to changes in the central excise duty and the state VAT.

    3. Refinery Consumption Ratio

    This is a very important consideration. Crude oil when imported by OMCs is sent to refineries for further processing. A lower refinery consumption ratio leads to a lower quantity of refined petrol for sale and, thus increases the cost of petrol.

    4. Currency Conversion Rate

    The USD is the base currency to buy raw oil. If the USD strengthens against the INR, the buying cost of oil shall go up; when it weakens, the cost will be declined. Ups and downs in oil impact the buying cost of petrol as a result.

    Determinants of Bunk Prices

    1. Seasonal condition

    Seasonal conditions in oil producing countries have a direct impact on extracting raw oil. Oil manufacturing companies cannot have the same productivity throughout all seasons. A drop in productivity gives a boost to the buying cost of raw oil at global markets, thereby affects petrol prices at bunks.

    2. Weather reports

    Weather reports differ from seasonal conditions. Crude oil once purchased by OMCs is transported to refineries. When bad weather reports interrupt transportation activities, we are left with an inadequate quantum of refined petrol for consumption.

    3.Restricted refining capabilities

    There exists a dearth of refined petrol when refineries limit their refining capabilities due to high running expenses. So, usable oil is short in supply, leading to a price hike at bunks.

    4.Devaluation of USD

    As we know, crude oil is traded in US dollars. Oil manufacturing companies tend to tweak prices if the USD weakens against the major currencies of the world.

    LPG, Domestic LPG, CNG, Kerosene

    • Liquified Petroleum Gas (LPG) is a composition of commercial propane and commercial butane. It can be extremely dangerous. The way it is utilised, shifted, and bottled should be paid extreme importance. LPG, under moderate pressures, can be readily liquified.
    • Domestic LPG is a composition of hydrocarbons that are vaporous at usual temperature. Hydrocarbons can be stockpiled in cylinders and liquified at temperate pressure. Domestic LPG is a gas with no colors and not dangerous. The gas connection at homes should be done with utmost care.
    • Compressed natural gas (CNG), a fuel, can be utilised in lieu of propone, gasoline, diesel fuel. CNG ignition foodstuffs lesser detrimental gases than other fuels. In the event of a spill, it is harmless compared to other fuels. It can be discovered above oil repositories.
    • Kerosene, also called paraffin, is a combustible liquid and utilised as a fuel for power, heat, light. It is usually a multipurpose fuel and can be used effectively, carefully in order to get incredible results. Kerosene is famous among people for cost-effectiveness.

    Also check Today's Petrol Price in the most popular Indian cities

    Frequently Asked Questions on Petrol Price

    1. What is the retail price of fuel?

    The retail price of fuel encompasses the product’s cost, the operating expenses of the state government, excise duties, taxes, margins.

    2. Who manages bunk prices in India?

    In June 2010 and October 2014, the Indian government has deregulated diesel and petrol prices. Both central and state governments have no direct control over fuel prices. Now, they are market determined. The components of pump prices today are global crude prices, transportation and refinery costs, VAT, excise duty.

    3. Why do fuel prices vary from one country to another?

    Fuel prices vary from one country to another due to the following reasons:

    • Currency variations
    • Government subsidies for fuel
    • Government tax rates and excise duty
    • Availability of crude oil
    • Market speculation
    • Government regulations related to petroleum products

    4. Does the US exchange rate impact fuel prices?

    The world’s crude oil is traded in US dollars. Due to which, fluctuations in currency exchange rates shall definitely impact fuel prices. For instance, if the Indian rupee falls against the US dollar, the purchasing price of crude oil for India may increase.

    5. Why is diesel rate lower than petrol price in India?

    The agricultural sector consumes diesel. The sector employs more than 40% of Indians and accounts for 14% of gross domestic product (GDP). Diesel price is lower than petrol rate since it is subsidised by respective governments. Petrol is used for non-economic activities.

    6. Why has the Indian government not imposed GST on diesel and petrol?

    Diesel and petrol are major revenue sources for both state and central governments. Currently, the central excise duty is 23% and the state government VAT is 34%. If the central government had imposed GST on petrol and diesel, the government would have generated 28% tax. This is the biggest value of GST that would have affected the revenue.

    7. Which are the factors affecting natural gas prices?

    Natural gas prices are influenced by net imports, underground storage levels, natural gas production, economic conditions, weather, petroleum prices.

    8. Why do fuel prices differ within Indian states?

    Petrol rates differ within Indian states because of three vital factors: 1) tax regulations, 2) transportation expenses, 3) political health. India has different tax regulations across the states. Both central and state governments tax petroleum derivatives differently. A state with a lower tax rate has a lower price charged for petrol and diesel. Transportation expenses even impact petrol prices. The distance covered from refineries to dealers gets added. A shorter distance covered has a lower price charged compared to a longer distance. Political stability is another important consideration. A shift in rolling government may alter existing tax structures and subsidies either through a hike or through a drop.

    9. How Shell petrol differs from other brands?

    Well, there is no difference in terms of quality. Quantity may differ as Shell petrol price is a little more than Bharat Petroleum Petrol price, HP petrol price or Indian Oil petrol price.

    *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 India Google Play

    • Petrol and Diesel Prices Hiked by 6 Paise

      Petrol prices were hiked by 6 paise in New Delhi on Thursday by State-run oil companies. Petrol prices were increased in other metros as well. Petrol was being sold at Rs.83.97 per litre in Mumbai, Rs.79.26 in Kolkata, Rs.79.49 in Chennai. Similarly, diesel prices were increased. The diesel price in New Delhi stands at Rs.68.30 per litre, Rs.72.47 in Mumbai, Rs.70.85 in Kolkata and Rs.72.10 in Chennai. Petrol prices in the nation’s capital are the lowest among metros in the country due to lower Value Added Tax (VAT) rate. Petrol and diesel prices are largely determined by oil-companies according to global crude oil rates, currency exchange rate. Fuel prices in India are revised on a daily basis based on the ‘Dynamic Fuel Pricing’ mechanism where fuel companies update petrol and diesel prices every day at 6:00 a.m. IST.

      13 July 2018

    • Crude Oil to Gain Its Price Triggered by a Steep Downfall in US Oil Supplies

      On 27 June 2018, the prices of the sweet and light crude oil were increased in excess of $2 per barrel for two days in a row to settle beyond $72 per barrel on the NY market and at the same time, the price of Brent crude increased by $1 per barrel to settle beyond $77 per barrel. It was attributed to falling US supplies by market analysts. According to a weekly government stock report, US supplies were dropped more than the anticipated level. For the week completed on 22 June 2018, according to the US Energy Information Administration, unrefined oil stocks have been fallen by 9.9 million barrels to 416.6 million barrels.

      2 July 2018

    • Petrol Prices Down by 14 Paise & Diesel by 10 Paise

      Petrol prices were down by 14 paise per litre while diesel was cut by 10 paise effective 6 a.m. on Tuesday. After the cut, the petrol price stood at Rs.75.55 a litre in the National Capital, Rs.83.12 in Mumbai, Rs.78.23 in Kolkata and Rs.78.40 a litre in Chennai. As for the diesel price, in Delhi, it stands at Rs.67.38 a litre in Delhi, Rs.71.52 a litre in Mumbai, Rs.69.93 in Kolkata and Rs.71.12 a litre in Chennai. Fuel prices have been on a downward trajectory since it touched its peak rate on 29 May 2018. The decline in petrol and diesel price is attributed to the fall in the crude oil rate in the international market even as oil-producing countries agreed to moderately increase the output amid concerns of high fuel prices across the globe.

      26 June 2018

    • Petrol Prices Cut After Three Consecutive Days of No Change

      Petrol prices were cut after three consecutive days of no change adding to the downward trend in fuel prices so far this month. The cut in petrol prices was in the range of 8 to 12 paise a litre. In Delhi, petrol was sold at Rs.76.27 a litre on 19 June 2018. In Mumbai, petrol price stood at Rs.84.06 a litre, Rs.78.94 in Kolkata and Rs.79.16 a litre in Chennai as per Indian Oil, the country’s leading oil retailer. The reduction in petrol price is attributed to the fall in the crude oil prices on expectations that Organisation of the Petroleum Exporting Countries (OPEC) and important ally Russia will gradually increase the production of crude oil after limiting supplies since 2017.

      19 June 2018

    • Select Fuel Stations in Maharashtra Offering Petrol Less Than Market Price Today

      Select fuel stations in Maharashtra are offering petrol less than the market price on Thursday. A reduction in the range of Rs.4-9 a litre was announced today. The cut in fuel prices was to mark the birthday of Maharashtra Navnirman Sena president, Raj Thackeray, who turned 50 today. As per ANI, two-wheeler customers will pay Rs.4-5 per litre less at select petrol pumps in the State, while customers will pay Rs.9 a litre less at Mumbai Shivadi Assembly constituency. The waiver in petrol prices is being offered since 8 a.m. IST today and will continue till afternoon.

      14 June 2018

    • A Resident of Telangana Donates 9 paise to the Prime Minister’s Relief Fund

      A disappointed fuel buyer in the Telangana state has donated a cheque of 9 paise to the Relief Fund of the Indian Prime Minister on 06 June 2018. Chandu Goud, aged about 38 year, presented the cheque to the officials and said that the price of petrol in his state was reduced by 9 paise per litre recently. He further said “Recently, you have reduced the price of petrol by 9 paise per litre. The money I have saved from the downfall in petrol rates, I am giving it to the Prime Minister’s Relief Fund. My donation can be used for a better cause by the government. On 02 June 2018, from Rs.83 per litre, petrol price was reduced to Rs.82.91 per litre. The rate was just cut by 1 paise per litre in four metros on 30 May.”

      6 June 2018

    • A minute Fall in Petrol Prices Brings no Joy to End Customers

      Fuel consumers are not happy with a marginal drop in petrol prices. Petrol rate was just down by 6 paise per litre respectively on Friday 01/06/2018. In Delhi, petrol is available at Rs.78.29 per litre. After the daily revision, petrol price was revised to Rs.80.92 per litre, Rs.86.10 per litre, Rs.81.28 per litre in Kolkata, Mumbai and Chennai respectively. On Thursday, in Kolkata, Mumbai and Chennai, the fuel was valued at Rs.80.98 per litre, Rs.86.16 per litre, Rs.81.35 per litre respectively. The fuel price was reduced by just 1 paisa per litre on Wednesday.

      1 June 2018

    • India Wants to Take a Long-run Vision on Fuel Price Revision

      On Wednesday, Dharmendra Pradhan, Oil Minister, said “India would like to take a long-run perspective on the petrol prices in order to keep consumers unaffected from the fluctuations in overseas markets.’’ Petrol prices have reached a record high especially in metro cities. A litre of petrol now costs Rs.77.17 per litre in the national capital. Ravi Shankar Prasad said ‘’It is desirable to have a long-term perspective to combat volatility arising out of overseas marketplaces.’’ The opposition party leaders have criticised the central government for not reducing petrol rates.

      28 May 2018

    • Petrol Prices likely to be Increased by 4 rupees

      For oil companies to return to pre-Karnataka poll hiatus margin levels, petrol prices in the country need to be increased by Rs.4 per litre. It needs to be mentioned that during the period of the freeze, oil companies had to bear a lot of loss as the global crude kept on increasing. As such, oil companies like IOC, HPCL and BPCL increased petrol prices immediately after the Karnataka elections got over.

      Following the increase in prices for the fifth consecutive day on Friday, the prices of petrol in the national capital have reached its highest in almost five years with every litre costing Rs.75.32. The oil companies had to bear a lot of loss because they had to absorb a higher cost that resulted from an increase in the international crude prices as well as for the fall of rupee against the US dollar. It is noteworthy that the benchmark international rate for petrol had gone up to 82.48 dollars per barrel by the time the freeze in petrol prices was lifted by the oil companies.

      18 May 2018

    • Petrol Prices in Metros Remain Unchanged for Ninth Consecutive Day

      State owned oil companies like HPCL, BPCL and IOCL decided to keep petrol prices unchanged for the ninth consecutive day even though international crude oil prices continued to rise. The decision of not increasing the petrol rates has been accounted to the upcoming Karnataka assembly elections that is scheduled for May 12. It needs to be mentioned that there is almost no chance of reduction in petrol prices as international crude prices have been volatile since the start of the year.

      Though the prices of petrol remained unchanged on Wednesday, the current rates in the four metros of the country were still at their highest in recent times. The price for every litre of petrol in the national capital cost Rs.74.63, which is at a six-year high. In Chennai, consumers had to pay Rs.77.43 for every litre of petrol. Petrol prices in the metro crossed the Rs.77 mark for the first since May 2012. In Kolkata and Mumbai, the prices were at their highest since May 2012 and March 2014 with one litre of petrol costing Rs.77.32 and Rs.82.48. As for international crude oil prices, Brent crude oil futures were up by 0.2 percent while US West Texas Intermediate (WTI) crude futures were up by 0.3 percent.

      4 May 2018

    Petrol Price In Metro Cities
    Petrol Price In Other Capitals
    Petrol Price In Other Major Cities
    Petrol Price In States
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