Petrol Price In India Today

City Today's Petrol Price(Rs/Lt) Yesterday's Petrol Price(Rs/Lt)
Delhi 73.33 73.38
Mumbai 78.94 78.99
Bangalore 75.78 75.83
Chennai 76.16 76.21
Hyderabad 77.89 77.94
Kolkata 75.97 76.02
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  • Petrol Price In Indian Cities
    City Petrol ( / litre)
    AGRA ₹ 74.68
    AHMEDABAD ₹ 70.69
    ALIGARH ₹ 74.84
    ALLAHABAD ₹ 74.87
    AMBALA ₹ 72.72
    AMRAVATI ₹ 80.17
    AURANGABAD ₹ 77.82
    BANGALORE ₹ 75.78
    BAREILLY ₹ 74.9
    BELGAUM ₹ 75.69
    BHOPAL ₹ 81.44
    BHUBANESHWAR ₹ 72.32
    CHANDIGARH ₹ 69.29
    CHENNAI ₹ 76.16
    COIMBATORE ₹ 76.53
    CUTTACK ₹ 72.54
    DEHRADUN ₹ 75.45
    DELHI ₹ 73.33
    DINDIGUL ₹ 77.06
    ERODE ₹ 76.65
    FARIDABAD ₹ 73.32
    GHAZIABAD ₹ 74.8
    GULBARGA ₹ 75.63
    GUNTUR ₹ 77.6
    GURGAON ₹ 73.13
    GUWAHATI ₹ 75.45
    HYDERABAD ₹ 77.89
    INDORE ₹ 81.53
    JABALPUR ₹ 81.52
    JAIPUR ₹ 77.16
    JALGAON ₹ 80
    JAMMU ₹ 74.84
    JAMNAGAR ₹ 70.66
    JAMSHEDPUR ₹ 71.58
    JODHPUR ₹ 77
    KAKINADA ₹ 77.83
    KANNUR ₹ 75.43
    KANPUR ₹ 74.63
    KARNAL ₹ 72.78
    KARUR ₹ 76.49
    KOLHAPUR ₹ 79.18
    KOLKATA ₹ 75.97
    KOTA ₹ 76.71
    KOZHIKODE ₹ 75.48
    KURNOOL ₹ 77.84
    LUCKNOW ₹ 74.8
    LUDHIANA ₹ 73.57
    MADURAI ₹ 76.77
    MALAPPURAM ₹ 75.81
    MANGALORE ₹ 75.09
    MEERUT ₹ 74.62
    MUMBAI ₹ 78.94
    MYSORE ₹ 75.43
    NAGERCOIL ₹ 77.09
    NAGPUR ₹ 78.88
    NANDED ₹ 80.75
    NASIK ₹ 79.34
    NELLORE ₹ 77.91
    NOIDA ₹ 74.92
    PATNA ₹ 76.87
    PONDICHERRY ₹ 72.51
    PUNE ₹ 78.71
    RAIPUR ₹ 74.03
    RAJKOT ₹ 70.51
    RANCHI ₹ 71.66
    RATLAM ₹ 81.36
    SALEM ₹ 77
    SANGLI ₹ 78.88
    SHIMLA ₹ 72.2
    SHIMOGA ₹ 76.58
    SOLAPUR ₹ 79.49
    SRINAGAR ₹ 77.99
    SURAT ₹ 70.62
    THANE ₹ 79.03
    THANJAVUR ₹ 76.85
    THIRUVANANTHAPURAM ₹ 76.67
    THRISSUR ₹ 75.68
    TIRUCHIRAPALLI ₹ 76.64
    TIRUNELVELI ₹ 76.52
    UDAIPUR ₹ 77.75
    UDUPI ₹ 75.32
    VADODARA ₹ 70.4
    VARANASI ₹ 75.35
    VELLORE ₹ 77.41
    VISAKHAPATNAM ₹ 76.61
    WARANGAL ₹ 77.5

    Petrol Rate in India:

    Find the current petrol rate and factors affecting petrol prices in India. The below petrol price trend in India offers insights such as the highest and lowest petrol prices recorded during a month.

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

    Parameters Rates/litre
    1st October Rs.74.67
    7th October Rs..73.82
    Highest Rate in October Rs.74.67
    Lowest Rate in October Rs..73.82
    Overall Performance Decline
    Percentage Change -1.13%

    October - Week 1 (1-7):

    • The petrol price in India opened the first week of October at Rs.74.67 per litre. Compared to the previous’s day rates, the rates increased by 21 paise per litre. It was the highest recorded price for the month so far in the national capital.
    • Petrol rate in India dropped considerably over the week with crude oil prices cooling down and reversing all gains. On October 5, consumers were required to pay Rs.74.10 for a litre of petrol.
    • The prices closed the first week of October at Rs.73.82 per litre, the lowest recorded price for the month so far. The overall performance of petrol in the country was -1.13%.

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

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

    September - Week 1 (1-7):

    • The Petrol price in India opened the month at Rs.72.01 per litre, unchanged from what was charged the previous day.
    • Due to soft demand, the prices remained constant for the next few days before sliding continuously to close the first week at Rs.71.81 per litre. Globally crude oil prices did well after Washington announced that trade talks will be held with Beijing to reach a trade pact.
    • The overall performance of Petrol in the country over the first week of September was -0.27%.

    September - Week 2 (8-14):

    • Petrol price in India opened at Rs.72.01 per litre in India on the 8th of September—4 paise lower than the previous day’s closing price. Meanwhile, in the international oil industry, crude futures dropped after participants reduced positions due to a weak trend in global markets.
    • After staying stable for a day, petrol rose again on 11 September, recording Rs.71.80 per litre. The hike in prices was primarily due to a sharp drop in US inventories.
    • Petrol rate in India closed the week at Rs.72.01 per litre, thereby marking a sharp increase since its 4 paise drop at the beginning of the week.

    September - Week 3 (15-21):

    • Petrol price in India opened at Rs.72.07 per litre 6 paise higher than the previous day’s closing price on the 15th of September.
    • After staying stable for a day, petrol rate in India soared recording Rs.72.46 per litre on 18 September.
    • Price of Petrol closed the week at Rs.73.39 per litre, its highest recorded price in the month of September. The substantial increase in petrol prices was primarily due to last week’s drone attack on Saudi Arabia’s Aramco oil refinery. The overall performance of petrol was 1.91%, trending upwards.

    September - Week 4 (22-30):

    • Petrol price in India opened the final week of September at Rs.73.66 per litre. Compared to the previous day’s closing price, the rates increased by 27 paise per litre.
    • The rates continued to climb over the week in the country due to geopolitical tensions and the drone attacks on Saudi Arabia’s Aramco oil refinery. Consumers were required to pay Rs.74.38 for a litre of petrol on September 27.
    • On 30th September the rates witnessed a hike of 8 paise and closed at Rs.74.46, the highest recorded price for the month of September. The overall performance of petrol in the country for September was 3.40%, trending upwards.

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

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

    August 2019 – Week 1 (1-7):

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

    August 2019 – Week 2 (8-14):

    • Petrol price in India opened at Rs.72.23 per litre on the second week of August 5 paise lower than the previous day’s closing price.
    • Petrol rate in India dipped further by 15 paise on the next day, standing at Rs.72.08 per litre. The dip was primarily due to the ongoing US-China trade tension, further fuelled by Trump administration’s decision to impose more tariffs on Chinese imports.
    • Petrol in India slumped slightly more in the next few days before stabilising at Rs. 71.99 per litre. Meanwhile, in the international oil market, crude prices fell owing to possible supply cuts due to weak demand because of trade and geopolitical tensions. The overall performance of petrol was -1.19% trending downwards.

    August 2019 – Week 3 (15-21)

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

    August 2019 – Week 4 (22-31)

    • Petrol price in India opened at Rs.71.84 per litre, unchanged from previous day’s closing price. After staying stagnant for the next few days, petrol prices went up marginally, recording Rs.72.07 per litre. In the international oil market, crude gained after US inventories recorded a substantial slump.
    • Petrol prices were slashed by 6 paise on the next day, recording Rs.72.01 per litre. Petrol remained unchanged till the end of the week.
    • Overall, petrol’s performance in India was -1.16%, trending downwards. In the international oil market, crude slumped after concerns about the strength of US economy.

    Also Check Petrol Price in Metro Cities

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

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

    July 2019 – Week 1 (1-7):

    • Petrol price in India was at Rs.70.50 per litre on 1 July, the lowest rate recorded for week 1 amid slight decline in crude oil prices influenced by the supply cuts led by the OPEC and its allies.
    • On 2 July, petrol rate India were hiked by 7 paise per litre to be sold at Rs.70.57 per litre, this was kept unchanged until 6 July influenced by the marginal increase in crude oil prices in the international market due to tensions in the Middle East.
    • By the end of the week, price of petrol in India rose to its highest when it was sold at Rs.73.01 per litre due to the increase in excise duty of Re.1 per litre and road and infrastructure cess of Re.1 per litre

    July 2019 – Week 2 (8-14):

    • The petrol price in India on 8 July stood at Rs.73.01 per litre, the same as yesterday’s price after the Central Government increased excise duty on petrol and diesel by Rs.2 per litre to raise revenue for its social welfare schemes.
    • Prices rate fell the next day to Rs.72.96 per litre, the lowest prices recorded during the week as crude prices declined amid supply cuts led by the OPEC and its allies despite tensions in the Middle East and the trade war between the US and China.
    • By the end of the week, prices of petrol rose by 0.17% influenced by the drop in crude oil prices despite falling demand for crude after a global economy slowdown due to the ongoing tariff war between the US and China.

    July 2019 – Week 3 (15-21):

    • In India, petrol price on 15 July stood at Rs.73.27 per litre, which was also the lowest price recorded during the week despite a marginal increase in crude oil prices in the oil market after China reported its slowest quarterly economic growth indicating a slump in demand in China.
    • Prices were hiked over the course of the week even as crude oil prices continued to move upwards amid escalating tensions in the Middle East and the slowdown of Chinese economy as well as the trade tensions between the US and China.
    • By the end of the week, petrol prices in India rose by 14 paise per litre largely due to the incline in crude oil prices in the market influenced by the tensions in the Middle East after the US shot down an Iranian drone and the declining growth of the Chinese economy.

    July 2019 – Week 4 (22-28):

    • Petrol rate in India opened at Rs.73.41 per litre on 22 July, unchanged from the previous day’s closing price. Prices remained stable primarily because of the lack of demand in crude oil in the international market amid growing tensions in the Middle East.
    • Petrol price went up slightly on the next day, recording at Rs.73.47 per litre and remained stable till the next day after which it fell to Rs.73.41 per litre on 25 July. In the international oil market, crude gained midst reports of a huge drop in US inventories and after the US Navy said it may have downed a second Iranian drone last week.
    • Petrol price in India started to drop from the next day, closing the week at Rs.73.20 per litre on 28 July. Weak demand among the market players could be one of the most obvious reasons of the price drop. Also, Goldman Sachs had earlier slashed its 2019 oil demand projection, thereby lowering its outlook for fuel use.

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

    Parameters Rates /litre
    2nd June Rs.66.19 per litre
    30th June Rs.64.32 per litre
    Highest Rate in June Rs.66.19 per litre on 2 June
    Lowest Rate in June Rs.63.81 per litre from 20 – 23 June
    Overall Performance Decline
    Percentage Change -2.82%

    June 2019 – Week 1 (2-8):

    • Petrol price in India on 2 June stood at Rs.66.19 per litre, a marginal increase over the previous day’s rate influenced by the slide in crude oil prices in the global oil market.
    • Price rate continued to decline during the week with petrol recording its lowest for the week at Rs.64.93 per litre on 8 June.
    • The decline in petrol rate in India came amidst the stable price of crude oil even as Brent crude futures, the international benchmark, was down by 22 cents or 0.4% after a slump of 10% in the last four days.

    June 2019 – Week 2 (9-15):

    • Petrol price in India remained the same on 9 June compared to the previous day’s price even as petrol was sold at Rs.64.93 per litre in India.
    • State-run Oil Marketing Companies (OMCs) reduced the petrol price by 51 paise a litre on 10 June when it was retailed at Rs.64.42 per litre and was kept unchanged until 12 June.
    • On 15 June, petrol price were further cut when a litre of petrol was available at Rs.63.96, down by 24 paise compared to the price it was sold the previous day.

    June 2019 – Week 3 (16-23):

    • The petrol price in India on 16 June stood at Rs.63.87 per litre and was kept unchanged until 19 June, down by 9 paise a litre.
    • Prices of petrol in India remained unchanged even as crude oil prices in the international market declined amid indications that the global economic growth was declining due to the ongoing trade war between the US and China.
    • On 20 June, petrol prices were reduced to be sold at Rs.63.81 per litre and were kept unchanged until the end of the week. The sliding crude oil rates came amid tensions in the Middle East after Iran shot down a US military drone.

    June 2019 – Week 4 (24-30):

    • The price of petrol on 24 June stood at Rs.63.93 per litre and was kept unchanged until 26 June before it rose by 5 paise on 27 June when it was available at Rs.63.98 per litre.
    • Prices were increased on 28 June when a litre of petrol in India stood at Rs.64.04, increasing by 6 paise per litre and remained unchanged the next day as well.
    • Petrol price in India in June declined by 2.82% influenced by the significant drop in crude oil rates as traders awaited the outcome of the G20 summit and the meeting of OPEC and its allies about the extension of its production cuts.
    • Budget 2019: Central Government Hikes Excise Duty on Petrol, Diesel by Re.1 (Date:5th July'19)

      The Central Government has decided to increase an additional excise duty on petrol and diesel by Re.1 per litre. Finance Minister Nirmala Sitharaman made the announcement in her maiden Budget speech today. Petroleum products, being a huge source of revenue for the government’s exchequer and an increase will certainly hurt consumers. With the additional levy, petrol and diesel prices in the country will increase by a sharp margin. On 4 July, petrol was priced Rs.70.51 per litre in Delhi and Rs.76.15 per litre in Mumbai, while diesel was sold at Rs.64.33 per litre in Delhi and Rs.67.96 per litre in Mumbai.

      Currently, the excise duty on petrol is Rs.17.98 per litre, while the Value Added Tax (VAT) levied on petrol amounts to Rs.14.98 per litre. The overall rate charged to dealers amounts to Rs.32.96 per litre. As for diesel, the central government charges Rs.13.83 per litre as excise duty and Rs.9.47 per litre as VAT, while the price charged to dealers is Rs.23.30 per litre. In has been a practise in the past to cut excise duty on petrol and diesel whenever crude oil prices increases; however, since 2014, the government has been increase duties leading to an increase in revenue for the central government.

    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 Petrol Price in India (Dynamic Fuel Pricing)

    How are petrol and petrol 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.

    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 petrol 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

    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.

    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 tables listed below gives you an idea about effective rates of VAT imposed on petrol by Indian states as on 1st September 2019. The data has been released by the Petroleum Planning and Analysis Cell (PPAC).

    State VAT on petrol State VAT on petrol
    Andhra Pradesh 31% + Rs.2/litre Arunachal Pradesh 16.2%
    Chhattisgarh 25% + Rs.2/litre Bihar 22.20%
    Assam 32.66% Goa 20% + 0.5% Green cess
    Delhi 27% Himachal Pradesh 23.10%
    Haryana 22.26% + 5% additional tax Puducherry 21.15%
    Jharkhand 22% + cess of Rs.1/litre - Rs.2.50/litre Gujarat 23% + 3% Tripura Road Development Cess
    Madhya Pradesh 28% + Rs.3.5/litre + 1% cess Jammu & Kashmir 24% MST + Rs.5/litre employment cess – Rs.2.5/litre
    Manipur 21.20% Maharashtra 26% + Rs.7.12/litre
    Kerala 30.08% + Rs.1/litre + 1% cess Karnataka 32%
    Mizoram 20% Nagaland 20.38% + 5% surcharge + Rs.1.50/litre
    Rajasthan 30% +Rs.1500/kl road development cess Punjab 20.11% + 10% additional tax + Rs.2050/KL
    Sikkim 25% + Rs.3,000/KL cess + Rs.100/KL Sikkim Consumer Welfare Fund Tamil Nadu 34%
    Odisha 26% Meghalaya 22% +2% surcharge – Rs.2.50/litre
    Telangana 35.20% Uttarakhand 25%
    Uttar Pradesh 6.80% West Bengal 25% + Rs.1000/KL cess –Rs.1000/KL exemption

    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

    • 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.

    • 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 price in India. Now, they are market determined. The components of pump prices today are global crude prices, transportation and refinery costs, VAT, excise duty.

    • 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
    • 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.

    • 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.

    • 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.

    • 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.

    • 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.

    • 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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    • Petrol prices slashed by 5 paise per litre

      State-run Oil Marketing Companies (OMCs) on Tuesday slashed the rates of petrol across all the metropolitan cities of the country. The rates for every litre were slashed by 5 paise. Following the revision, a litre of petrol cost Rs.73.27 in the national capital. In the other three metropolitan cities of the country i.e., Mumbai, Kolkata, and Chennai consumers were required to pay Rs.78.88, Rs.75.92, and Rs.76.09 respectively for a litre. It needs to be mentioned here that petrol prices have been on a steady decline for the last few days. Since October 4, the rates of petrol have declined by Rs.1.01 per litre in New Delhi.

      In the international oil market, crude oil prices lost about 2 per cent on Monday. This was due to worries that the demand for global crude could stay under pressure as the trade talks between US and China did little to assure a quick resolution to the tariff fight between the nations. The futures of Brent crude oil and US West Texas Intermediate (WTI) were down by 1.92 and 2.03 percent respectively and was trading at $59.35 and $53.59 per barrel.

      15 October 2019

    • Petrol and Diesel prices lowered for third straight day

      The prices of petrol and diesel were lowered for the third straight day. The price of petrol was lowered by 10 paise per litre in Mumbai and Delhi. The price of diesel was lowered by 14 paise and 15 paise per litre in Delhi and Mumbai respectively.

      The price of petrol in Delhi was Rs.73.32 per litre, while the price of diesel stood at Rs.66.46 per litre. The price of petrol in Mumbai was Rs.78.93 per litre, while the price of diesel stood at Rs.69.66 per litre.

      The price of petrol and diesel in Kolkata was Rs.75.97 per litre and Rs.68.82 respectively, while in Chennai, the price of petrol was Rs.76.14 per litre and Rs.70.20 per litre for diesel respectively.

      The price of crude oil rose by 2% after an Iranian media report stated that a state-owned oil tanker was attacked in Red Sea near Saudi Arabia. The ongoing trade tensions between China and U.S seemed to ease down with the situation looking optimistic, the general sentiment looked uplifting.

      14 October 2019

    • Petrol prices slashed by 5 paise per litre

      State-run Oil Marketing Companies (OMCs) on Thursday slashed the rates of petrol across the major cities of the country. Following Thursday’s revision in the prices, the rates were slashed by 5 paise per litre. As per the data available on the Indian Oil Corporation website, a litre of petrol was retailed for Rs.73.54 in the national capital. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai a litre of petrol was sold for Rs.79.15, Rs.76.18, and Rs.76.38 respectively. In Noida and Gurugram, OMCs charged Rs.75.10 and Rs.73.30 for a litre of petrol.

      It needs to be mentioned here that the price of petrol is the cheapest in New Delhi among all metropolitan cities and state capitals. This is because the tax imposed on the fuel is lower than what it is in other cities.

      In the international oil market, the rates of crude oil fell on Thursday. The futures of Brent crude were down by 26 cents or 0.5 percent since the last close and was trading at $58.05 per barrel. The drop in the prices was accounted to fading expectations of any breakthrough in the trade talks between China and the United States when officials meet this week.

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

      10 October 2019

    • OMCs cut petrol prices by 13 paise per litre

      State-run Oil Marketing Companies (OMCs) on Monday continued to cut the rates of petrol across the country. Following the daily revision of the prices on Monday, petrol prices were cut by 13 paise per litre. In New Delhi, consumers were required to shell out Rs.73.76 for a litre whereas in the commercial capital i.e., Mumbai OMCs charged Rs.79.37 for a litre. In the other two metropolitan cities i.e., Kolkata and Chennai a litre of petrol cost Rs.76.40 and Rs.76.61 respectively.

      In the international oil market, crude oil prices fell on Monday. The futures of Brent crude oil and US West Texas Intermediate (WTI) crude were down by 24 cents and 12 cents respectively. They were trading at $58.13 and $52.69 per barrel.

      It needs to be mentioned here that the prices of petrol in the country were pushed up due to the drone attack on Saudi Arabia’s oil facilities. The attack had disabled around 5% of the global supply. India which imports 80% of the total crude requirement buys around 2,00,000 tonnes of LPG every month from Saudi Arabia. The imports from Saudi Arabia makes up for a fifth of the total oil imports made by the country.

      7 October 2019

    • Petrol prices fall for the second consecutive day

      State-run Oil Marketing Companies (OMCs) on Friday cut petrol prices for the second consecutive day. Following the daily revision, the rates were cut by 18 paise per litre. In the national capital, a litre of petrol was sold for Rs.74.33. In the other metropolitan cities like Mumbai and Chennai consumers were required to shell out Rs.79.93 and Rs.77.21 respectively. In non-metropolitan cities of the country like Bangalore, Hyderabad, and Gurgaon OMCs charged Rs.76.81, Rs.79.04, and Rs.73.92 for a litre of petrol.

      In the global market, the futures of Brent crude oil rose by 8 cents or 0.1% to be trading at $57.79 per barrel. U.S West Texas Intermediate crude futures also rose on Friday and was trading at $52.57 per barrel after increasing by 12 cents or 0.2% since the last close.

      It needs to be mentioned here that the prices of petrol had gone up more than Rs.2 in the country since 17 September before falling in the last two days. The increase in the prices was accounted to the drone attacks on Saudi Arabia’s oil facilities which knocked out about 5% of world’s oil supplies.

      4 October 2019

    • Petrol prices remain unchanged on Saturday

      State-owned Oil Marketing Companies (OMCs) on Saturday kept the prices of petrol constant across the major cities of the country. Following the daily revision on Saturday, a litre of petrol was retailed for Rs.74.34 in the national capital. In the other three metropolitan cities of the country i.e., Mumbai, Kolkata, and Chennai consumers were required to shell out Rs.80, Rs.77.03, and Rs.77.28 for a litre. It needs to be mentioned here that the rates charged for a litre is the cheapest in the national capital among all the metropolitan cities and state capitals. This is due to lower taxes being levied on the fuel in New Delhi.

      In the international oil market, the rates of crude oil rose by 0.48 percent to Rs.3,993 per barrel on Friday. The rise in the prices was accounted to raising of bets by participants on a strong overseas trend as well as good demand. The futures of Brent crude oil increased by 0.77% to $62.26 per barrel.

      It must be noted here that the prices of petrol are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar. This is primarily because India imports 80% of the total crude requirements.

      28 September 2019

    • OMCs hike petrol prices by 15 paise per litre

      State-run Oil Marketing Companies (OMCs) continue to hike the prices of petrol across all the metropolitan cities of the country. The rates for every litre was increased by 15 paise. It needs to be mentioned here that the prices have been on the rise for over a week now barring Wednesday. The constant hike in the prices have seen petrol climb by Rs.2.31 per litre in the last 11 days.

      As per the data available on the Indian Oil Corporation website, consumers were required to shell out Rs.74.34 in the national capital. In Mumbai, the commercial capital a litre of petrol was retailed for Rs.80 while in the eastern and southern metropolitan cities i.e., Kolkata and Chennai, a litre cost Rs.77.03 and Rs.77.28 respectively.

      The increase in the prices of petrol across the country have been accounted to the drone attack carried out on Saudi Arabia’s oil facilities. The attack which knocked out 5.7 million barrels of production or about 60 per cent of what Saudi Arabia currently produces shook global oil markets. The attacks have significantly impacted the rates of fuel in India because the country depends on Saudi Arabia for a fifth of its oil imports. In a month, India buys around 2,00,000 tonnes of LPG from Saudi Arabia.

      27 September 2019

    • Petrol prices hiked by 7 paise per litre on Thursday

      The rates of petrol were hiked by 7 paise per litre across all the metropolitan cities of the country on Thursday. The recent increase in the prices have seen petrol get costlier by Rs.2.7 per litre in the past ten days. Following the daily revision in the prices, a litre of petrol was retailed for Rs.74.19 in New Delhi. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai consumers were required to shell out Rs.79.85, Rs.77.12, and Rs.76.88 for a litre.

      The increase in the prices have been accounted to the drone attacks carried out on Saudi oil facilities. It must be noted here that the attacks jolted global oil markets and disabled around 5 percent of the global supply. Given the fact that India depends on Saudi Arabia for a fifth of its oil imports, the attacks have impacted petrol rates significantly in the country.

      26 September 2019

    • Petrol prices soar by Rs.1.59 a litre while diesel prices soar by Rs.1.31 due to Saudi attacks

      Owing to the massive strike at oil facilities in Saudi Arabia, there have been a rise in the prices of petrol and diesel. Petrol prices rose by Rs.1.59 a litre while diesel prices rose by Rs.1.31 in the past 6 days. In Delhi, there was a hike of 27 paise in the petrol prices taking the current rate to Rs.73.62 a litre. This data was revealed at a price notification issued by state-owned oil companies. In the meantime, diesel prices saw a hike of 18 paise to touch Rs.66.74 a litre. The main reason behind the global rise in oil prices has been attributed to the unprecedented drone missile strikes on the oil facilities in Saudi Arabia. 5% of the global oil supply was disabled due to this. Since the spike on 16 September, there has been a cool off in the oil prices. Around 5.7 million barrels of oil was knocked out by low-flying drones and cruise missiles in Saudi Arabia leading to the largest supply disruption in history.

      23 September 2019

    • Petrol Prices Record Steepest Hike On Global Crude Concerns

      State-run oil marketing companies raised petrol and diesel prices by the steepest margin since the Union Budget in July. Petrol prices have been raised by 34-27 paise per litre while diesel prices have gone up by 28-30 paise per litre across major cities.

      Petrol in Delhi today costs Rs.73.06 per litre as against Rs.72.71 per litre the previous day. Fuel retailers have hiked prices in response to reduced oil output from Saudi Arabia following the attack on the country’s oil infrastructure last week.

      Petrol prices in Mumbai meanwhile have risen by 34 paise, with petrol selling at Rs.78.73 per litre today compared to yesterday’s price of Rs.78.39 per litre.

      Petrol prices in Chennai rose by 37 paise with the fuel priced at Rs.75.93 per litre, up from Rs.75.56 per litre the previous day.

      Motorists in Kolkata will be paying Rs.75.77 per litre for petrol, an increase of 34 paise from the previous day’s price of Rs.75.43 per litre.

      Petrol in Gurugram is retailing at Rs.72.97 per litre, with prices rising by 27 paise compared to yesterday’s rate of Rs.72.70 per litre.

      In Noida, petrol is retailing at Rs.74.77 per litre, an increase of 28 paise from yesterday’s price of Rs.74.69 per litre.

      20 September 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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