Petrol Price In Jaipur Today

  • Today's Petrol Price ( 21 Oct 2019 )
    ₹ 77.16
    Current Petrol Price Per Litre
    Compare Petrol Price in Jaipur (Today & Yesterday)
    Today
    (21 Oct 2019)
    Yesterday
    (20 Oct 2019)
    Rate Change
    Petrol ( / litre) ₹ 77.16 ₹ 77.16 ₹ 0 ↑
    Petrol Price in Jaipur - Last 10 Days Data
    Date Petrol ( / litre)
    21 Oct 2019 ₹ 77.16
    20 Oct 2019 ₹ 77.16
    19 Oct 2019 ₹ 77.16
    18 Oct 2019 ₹ 77.16
    17 Oct 2019 ₹ 77.16
    16 Oct 2019 ₹ 77.16
    15 Oct 2019 ₹ 77.16
    14 Oct 2019 ₹ 77.21
    13 Oct 2019 ₹ 77.21
    12 Oct 2019 ₹ 77.21

    Petrol Rate Trend

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    Petrol Rate in Jaipur

    This article speaks about various elements related to petrol by keeping in mind petrol consumers in Jaipur. It is extremely vital to check the current petrol price in Jaipur since it has been varying on a daily basis since June previous year. Fuel rates have been changing in all regions of the country because of dynamic fuel pricing, not only in Jaipur, the capital city of Rajasthan. All state-owned oil marketing enterprises will revise the fuel price at retail petrol outlets each day. At 06:00 a.m., they will offer a new price to fuel consumers in the city. As of 9 March 2018, the petrol rate in Jaipur was Rs.75.38 a litre and it consists of a central tax of Rs.19.48. It also includes Value-added Tax (VAT), which is levied at 32.95% on petrol in Rajasthan. To impose VAT, the price charged to dealers is taken into consideration.

    Petrol Price Trend in July 2019:

    Date Diesel starting Price(Per Lt) Diesel Ending Price(Per Lt)
    1st July – 7th july 71.13 75.82
    8th July – 14th july 75.82 76.94
    15th July – 21th july 77.07 77.22
    22nd July – 28th july 77.22 77.0

    Trends in Current Fuel Rates in Jaipur:

    Like many of us, petrol is utilised for transportation. Demand for petrol in all cities of India, including Jaipur, has increased over the last few years because of the arrival of fuel-efficient petrol-based vehicles. An increasing number of petrol-based two-wheelers and four-wheelers has no direct impact on fuel rates. In India, in excess of 75% of fuel requirement is sufficed through importing crude oil from other countries, primarily OPEC countries. Only 25% of Indian fuel requirement is met through indigenous production. So, trends in petrol prices in Jaipur will largely rely on overseas market performances.

    During the first two months in 2018, petrol was sold at an average rate of Rs.75 a litre in Jaipur. The New Year commenced with a price tag of Rs.72.74 a litre. Towards the end of January 2018, the fuel was retailed at Rs.75.88. February 2018 began with a price tag of Rs.76.02 a litre and ended with a price tag of Rs.74.44 a litre. During this month, petrol price in Jaipur was down by 2.12%. In January 2018, it showed a rising trend of 4.14%. In the city, the lowest rate was registered on 1 January 2018 at Rs.72.74 a litre. Similarly, the highest rate was registered at Rs.75.88 a litre on 18 January 2018. The first two months in 2018 produced both upward and downward trends in petrol price in Jaipur. Due to dynamic fuel pricing in place, they are expected to increase or decline marginally.

    Features of Dynamic Fuel Pricing

    At all petrol centers in Jaipur, oil marketing enterprises, including Indian Oil Company Limited (OICL), Bharat Petroleum Company Limited (BPCL) and Hindustan Petroleum Company Limited (HPCL), will provide a new price of petrol to its consumers. Under this system, the revision of fuel rates in Jaipur will be done based on movements in crude oil prices and the exchange rate. In other words, fuel users are offered market-determined petrol price in Jaipur. Any ups and downs will be transmitted to them instantly. This is a major benefit offered by dynamic fuel pricing to customers. It has been introduced in all Indian cities, including Jaipur in June 2017. Prior to it, oil marketing businesses (OMCs) used to review petrol rates on 1st and 16th of every month.

    Dynamic Fuel Pricing Benefits for OMCs

    The newly adopted fuel revision scheme offers many advantages to OMCs. Here, we list the major ones. Managing stocks was a major problem for OMCs before the daily revision system (dynamic fuel pricing). Since June 2017, neither OMCs nor consumers have raised concerns over stocks. OMCs can minimise the workforce required to run the business under this system. As a result, they can reduce maintenance expenses. Moreover, the daily revision mechanism permits OMCs to easily monitor the capital needed to run day-to-day activities (working capital) and cash flows. They can assure fuel revision and pricing are completely transparent.

    Solutions to Trace Current Petrol Price in Jaipur

    This is an important section that discusses solutions available to obtain the latest petrol rate in Jaipur. Today, a majority of petrol consumers are making use of mobile applications conceptualised by all OMCs. Mobile applications are easy to download and use. They provide significant benefits to users. Information-related to a two-wheeler and four-wheeler insurance can also be traced using these applications. They can be accessed through all mobile-run devices. The mobile application designed by Hindustan Petroleum is ‘My HPCL,’ the mobile application designed by Bharat Petroleum is ‘SmartDrive,’ and the mobile application designed by Indian Oil is Fuel@IOC.If you are not using smartphones, you may consider using SMS services. Just visit websites of either BPCL or IOL or HPCL for more details. This how you can get today’s petrol price in Jaipur.

    Structure of Current Petrol Price in Jaipur

    In January 2018, petrol and diesel rates reached their historical highs as a result of increasing Brent crude oil rates globally. Over the last 10-12 months, they went up by 20%. In addition, fuel retailers increased their commission by Rs.1 a litre. As of 3 February 2018, the structure of petrol price per litre in Jaipur is as follows:

    • Crude oil rate is estimated to be Rs.26.42 a litre. Cost of a litre of crude oil = cost of crude oil per barrel in INR/159
    • OMCs expenses are then added. Operational expenditures, entry charges and Refinery Transfer Price (RTP) are estimated to be Rs.4.75 a litre. On the contrary, the margin of OMCs, transportation expenses and import duties are estimated to be Rs.3.31 a litre. The overall expenses incurred by OMCs are comprehended to be Rs.8 a litre roughly.
    • A central levy of Rs.19.48 a litre is further added. Now, the price quoted to dealers works out to be Rs.53.96 a litre. To this price, dealers add a commission of Rs.3.59 a litre. Fuel price prior to VAT works out to be Rs.57.55 a litre.
    • VAT makes petrol prices to change in different states. As of 4 September 2017, VAT in Rajasthan was 32.95%. So, 32.95% of Rs.57.55 works to be Rs.18.70. The petrol price in Jaipur will be Rs.76 a litre approximately.

    Determinants of Petrol Cost in Jaipur

    Crude oil has a major role to play. Production levels and political changes in oil-exporting economies directly affect fuel prices in India. If oil exporting countries announced a production cut, cost prices of crude oil bound to increase. Similarly, any variations in the USD/INR conversion ratio has an impact. The exchange rate is based on many aspects such as the import and export structure of India and the USA, bank interest rates offered in both countries and inflation rates in India and the USA. On a daily basis, the RBI regulates the exchange rate.

    Taxes vs Today’s Petrol Price in Jaipur

    Tax is a major income source for the central government. Like petrol, it is imposed on other commodities and services as well. In November 2014, excise duty on petrol was Rs.9.20 per litre. In August 2017, it jumped to Rs.21.48 a litre. It was further declined to Rs.19.48 a litre in February 2018 by the Central Government. Likewise, any changes made by the government will directly affect fuel prices in Jaipur and other Indian cities. Whether to increase or decrease VAT is left at the discretion of local governments. The Central Government had advised states to cut VAT in October 2017. Only Gujarat, Uttar Pradesh and Maharashtra had declined VAT, but no other states did. Eventually, the central and state governments’ policies related to imposing taxes on petrol affect petrol rate in Jaipur.

    Current Fuel Rates in Jaipur vs GST

    Goods and Services Tax is one of the largest tax reforms in the Indian tax system. It is a tax system, which removes all types of indirect taxes. GST gives a unified platform for taxpayers and merchants. GST is presently imposed at the highest rate of 25% except petrol. However, GST does not have any effect on fuel prices in Jaipur. If levied, fuel rates in the city will slide by 20-30%. The Central Government cannot execute GST on petrol at current rates since it loses a prime chunk of revenues. The GST Council has to rework on tax rates if it wishes to consider petrol under the GST regime.

    Also Check Petrol Price in NearBy Cities of Jaipur

    *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 Jaipur Today

    • Petrol prices remain unchanged in the country

      State-run Oil Marketing Companies (OMCs) on Monday kept the rates of petrol unchanged across all the major cities of the country. In the national capital, every litre of petrol was retailed for Rs.72.96. In the other three metropolitan cities of the country i.e., Mumbai, Kolkata, and Chennai the rates charged for a litre were Rs.78.57, Rs.75.15, and Rs.75.76 respectively. In the international oil market, the prices of crude oil rose on Monday. The futures of Brent crude oil were up by 10 cents or 0.2% and was trading at $64.33 per barrel.

      It needs to be mentioned here that the government in the Union budget on Friday announced that it would impose additional excise duty of Rs.2 per litre. Of the Rs.2 hike, Re.1 each will go to the revenue department and the road ministry. The government had in October last year reduced the excise duty on petrol by Rs.1.50 per litre. At that time, they stated that OMCs would absorb the impact to the tune of Re.1 per litre.

      15 July 2019

    • Petrol Prices cut for the Sixth Consecutive Day

      The rates of petrol were slashed for the sixth consecutive day on Tuesday. State-owned Oil Marketing Companies (OMCs) following Tuesday’s revision of prices reduced the prices by 7 paise per litre across the metropolitan cities. The rates of petrol have been slashed by 56 paise per litre since May 29. In the national capital, every litre of petrol was retailed for Rs.71.23 while in the commercial capital i.e., Mumbai the rates charged for a litre of petrol was Rs.76.91. In the other two metropolitan cities of the country i.e., Kolkata and Chennai consumers were required to shell out Rs.73.47 and Rs.74.01 per litre respectively.

      In the international oil market, crude oil prices stabilised on Tuesday. The prices had plummeted by 10% in the last four days as investors assessed the prospect of a global economic slowdown. The futures of Brent crude oil, however, were down by 22 cents since the last close to be trading $61.01 per barrel. It needs to be mentioned here that the rates of fuel in the country are revised as per the dynamic pricing scheme that was adopted by OMCs in the month of June 2017. Under the mechanism, fuel prices in the country are dependent on global crude oil rates and the value of rupee against the US dollar as India imports 80% of the total crude oil requirement.

      13 June 2019

    • Fuel Prices Cut for the Fifth Straight Day v

      State-controlled Oil Marketing Companies (OMCs) cut petrol and diesel prices on Monday across major metro cities of the country. This is the fifth straight cut in prices. While petrol prices were slashed by 29 to 32 paise per litre, diesel prices were cut by 13 to 14 paise per litre. After the revision, a litre of petrol in Delhi costs Rs.71.43, lowered by 30 paise, while diesel costs Rs.65.98 per litre, down by 13 paise. It may be noted that petrol and diesel prices in the national capital is cheaper than other metro cities and some state capitals due to lower taxes. In Mumbai, petrol is being sold at Rs.77.04 per litre, cut by 30 paise, while diesel is being sold at Rs.69.13 per litre, down by 14 paise. Similarly, in Kolkata, petrol is available at Rs.73.50 per litre and diesel is available at Rs.67.73 per litre. In Chennai, petrol costs Rs.74.14 per litre and diesel costs Rs.69.74 per litre. OMCs compute petrol and diesel prices based on the daily dynamic pricing mechanism which considers the 15-day average price of crude and the rupee-dollar exchange rate. On Monday, in the international oil market, crude oil rates were mixed amid concerns over the global economic prospects due a deadlock in the US-China trade discussions. International benchmark, Brent crude oil futures were trading at $70.73 per barrel, inclining by 11 cents or 0.2% over its previous close.

      14 May 2019

    • Petrol Prices Decline Again to Cost Rs.75.57 per litre in Delhi

      Fuel prices were further cut today with petrol being sold at Rs.75.57 a litre and diesel at Rs.70.56 in Delhi. In Mumbai, petrol is available at Rs.81.10 per litre and diesel at Rs.73.91. Prices were cut across other cities such as Kolkata and Chennai as per the Indian Oil Corporation Ltd. (IOCL) data. Petrol costs Rs.77.53 per litre in Kolkata and diesel at Rs.72.41 a litre. Similarly, in Chennai, petrol is being sold at Rs.77.53 per litre and diesel at Rs.72.41. Fuel prices have been on the decline after the U.S. recently softened its stand on sanctions on Iran and approved eight countries to import oil from Iran temporarily. These countries include India, South Korea, China, Italy, Turkey, Japan, UAE and Taiwan. Fuel prices had touched record highs after crude oil prices touched a four-year high. Prices have declined by almost Rs.3 per litre for petrol and Rs.2 for diesel.

      27 November 2018

    • Petrol Costs Rs.84 in the National Capital

      Petrol prices witnessed a hike again on Thursday after a day of lull of Wednesday. The rates were hiked by Rs.0.15 per litre in Delhi by the Oil Marketing Companies (OMCs). The hike in the prices saw every litre of petrol being sold for Rs.84 in the national capital, Rs.91.34 in Mumbai, Rs.87.34 in Chennai, and Rs.85.80 in Kolkata. It needs to be mentioned that petrol is being sold at over Rs.92 per litre in several districts of Maharashtra and Bihar.

      As of Thursday, global trends in oil are also disturbing as Brent crude oil went past the four-year high at $85.85 per barrel. Brent crude oil on Wednesday was trading at $86.74 per barrel which came down on Thursday after the US raised its inventories and reports emerged that a private deal was signed in September between Russia and Saudi Arabia, that was aimed at raising crude output. US West Texas Intermediate (WTI) crude also witnessed a drop and was trading at $76.11 per barrel.

      It is noteworthy to mention here that though the prices of both petrol and diesel have witnessed a steep rise in the last few weeks, the central government has refused to cut the excise duty rates. As of now, Rs.19.48 is charged as excise duty on petrol and Rs.15.33 is charged on diesel.

      12 October 2018

    • Petrol and Diesel Prices Continue to Rise

      Petrol and diesel prices continued to rise in the country with the prices of petrol hiked by 14 paise per litre in Mumbai. Petrol costs Rs.90.22 per litre in Mumbai, while in other districts of Maharashtra, prices of petrol range between Rs.85-91 per litre. The 14 paise per litre increase is across the four major metro cities in the country. In Delhi, petrol is being sold at Rs.82.26, Rs.86.13 in Chennai and Rs.84.68 in Kolkata. Prices of diesel have been hiked by 11 paise a litre in Mumbai with the fuel being sold at Rs.78.69. In the national capital and other metros, diesel price was increased by 11 paise per litre costing Rs.74.12 in Delhi, Rs.78.36 in Chennai, Rs.75.97 in Kolkata. Fuel prices are the lowest in Delhi due to lower local sales tax or VAT, while its the highest in Mumbai among all major metros in the country. As per State-run oil companies, refinery gate price of petrol, excluding any central or state taxes and dealer commission, stands at Rs.42.04 per litre for petrol and diesel is at Rs.45.34.

      1 October 2018

    • PM to Review the Economy this Weekend

      The Prime Minister of India is planning to review the economy of the country this weekend. On Wednesday, the Indian rupee appreciated by 1.1% to 71.92 per US dollar after touching a record low of 72.91 in the early trading session. On the foreign exchange market, the INR closed up by 0.7% at 72.18. According to an analyst, there have been dangers in utilising the overvaluation argument to not sustenance the INR when it is reaching the previous lows. Amid the initiatives that may be pondered, the Central Bank of India or the Reserve Bank of India, can hike the key rates in its next fiscal policy revise on 5 October in order to trunk overseas outflows while extending to sell US dollars. As in the year 2013, the government also consider to refill overseas –currency funds. It may also declare higher taxes on a few products to limit the import of crude oil.

      17 September 2018

    • Petrol Prices Fall for the First Time in August

      On Monday, 20 August 2018, petrol price was reduced by 9 paise per litre by oil marketing companies in Delhi, the capital city of India. Petrol prices in the month of August 2018 breached the Rs.77 a litre mark over the last two months in the city as the prices of crude oil per barrel have increased. Similarly, petrol rates were revised to Rs.84.58 per litre in Mumbai, the capital city of Maharashtra; Rs.80.14 a litre in Chennai, the capital city of Tamil Nadu; and Rs.71.56 a litre in Kolkata, the capital city of West Bengal.

      Since 10 April 2018, overseas Brent crude oil rates have been around $70-$79 a barrel respectively on Monday, 20 August 2018. Petrol prices have reached an all-time of Rs.78.43 a litre and also diesel prices also have reached an all-time of Rs.69.30 per litre on 29 May 2018. State-run fuel marketing companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum deployed the system of dynamic fuel pricing on 16 June 2017. Since then, they have been revising fuel prices on a daily basis in sync with crude oil costs and the exchange rate.

      23 August 2018

    • Petrol Prices Remain Unchanged for the Third Consecutive Day

      Petrol prices remained unchanged for the third consecutive day on Monday, 18 June 2018. Petrol prices have eased after touching its record high on 29 May. The reduction so far is nearly Rs.2 per litre for petrol prices in Delhi, Mumbai, Kolkata and Chennai compared to that of nearly the double the increase in May. An increase in the global crude oil and a stronger dollar led to the hike in petrol prices in the country. The petrol price in Delhi on Monday stands at Rs.76.35 per litre, Rs.84.18 a litre in Mumbai, Rs.79.02 in Kolkata and Rs.79.24 a litre in Chennai. The fall in the petrol price is attributed to the indication by Saudi Arabia and Russia to increase the production of crude oil and refined products.

      18 June 2018

    • Petrol Price In India Today Remains Unchanged — Check City-Wise Petrol Prices

      Petrol price remained unchanged on April 11, 2018. Fuel prices are revised under the dynamic pricing scheme on a daily basis in concurrent with global crude oil prices. Petrol price in metros like New Delhi was available at Rs.73.98 per litre, Kolkata at Rs.76.69 per litre, Mumbai at Rs. 81.83 per litre, and Chennai at Rs.76.75 per litre.

      Petrol prices in Agartala was available at Rs.69.80 per litre, Aizawl at Rs.69.93 per litre, Ambala at Rs.74.11 per litre, Bangalore at Rs.75.15 per litre, Bhopal at Rs.79.52 per litre, Bhubaneswar at Rs.72.82 per litre, Chandigarh at Rs.71.14 per litre, Dehradun at Rs.75.82 per litre, Gandhinagar at Rs.73.30 per litre, Gangtok at Rs.76.95 per litre, Guwahati at Rs.76.06 per litre, Hyderabad at Rs.78.35 per litre, Imphal at Rs.72.11 per litre, Itanagar at Rs.70.00 per litre, Jaipur at Rs.76.69 per litre, Jammu at Rs.75.77 per litre, Jullundur at Rs.79.17 per litre, Kohima Rs.72.46 per litre, Lucknow at Rs.75.32 per litre, Panjim at Rs.68.15 per litre, Patna at Rs.79.49 per litre, Pondicherry at Rs.72.79 per litre, Port Blair at Rs.63.85 per litre, Raipur at Rs.74.43 per litre, Ranchi at Rs.74.48 per litre, Shillong at Rs.73.40 per litre, Shimla at Rs.74.13 per litre, Srinagar at Rs.78.37 per litre, Trivandrum at Rs.77.93 per litre, Silvassa at Rs.71.95 per litre and Daman at Rs.71.88 per litre.

      11 April 2018

    Petrol Price In Metro Cities
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