Petrol Price In Karnataka Today

Petrol price in Karnataka today is fixed under the daily ‘Dynamic Fuel Pricing’ method. Here, you can check the current petrol price in Karnataka, find today's petrol price with quarterly price trends in Karnataka. New petrol prices in Karnataka are updated daily at 6:00 am IST by state-run oil companies.

Know how petrol prices in Karnataka are computed and how is it compared to other states. Also, find the current Karnataka petrol price and components affecting petrol prices in India. The below petrol price trend in Karnataka offers details like the highest and lowest petrol prices recorded during a month.

  • Today's Petrol Price ( 24 Apr 2019 )
    ₹ 75.38
    Current Petrol Price Per Litre
    Compare Petrol Price in Karnataka (Today & Yesterday)
    (24 Apr 2019)
    (23 Apr 2019)
    Rate Change
    Petrol ( / litre) ₹ 75.38 ₹ 75.38 ₹ 0 ↑
    Petrol Price in Karnataka - Last 10 Days Data
    Date Petrol ( / litre)
    24 Apr 2019 ₹ 75.38
    23 Apr 2019 ₹ 75.38
    22 Apr 2019 ₹ 75.38
    21 Apr 2019 ₹ 75.43
    20 Apr 2019 ₹ 75.43
    19 Apr 2019 ₹ 75.36
    18 Apr 2019 ₹ 75.36
    17 Apr 2019 ₹ 75.36
    16 Apr 2019 ₹ 75.36
    15 Apr 2019 ₹ 75.41

    Petrol Rate Trend

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    • 6 Months

    Petrol Price In Karnataka

    Karnataka is one of the renowned south Indian states. Bangalore, the silicon valley of India, is the capital and largest city of the state with a huge network of IT and Non-IT companies. The state is the seventh biggest by region and eighth biggest by population. The real estate industry has always been booming in the state, attracting domestic and NRI investments.

    As on 31st March 2015, In India, the total count of licensed vehicles was 2,10,023,289 out of which the total count of licensed vehicles in Karnataka was 14,784,961. With the growing number of petrol-run and diesel-run vehicles in the state, the petrol and diesel consumption is also growing at an attractive rate.

    Trends in Petrol Prices in Karnataka

    Petrol rates in Karnataka in the last three years have changed often. The change can be attributed to many reasons. Let’s consider the trend in petrol prices in Bangalore, the capital city of Karnataka, over the last five months. Petrol prices are moving in an upward direction in the capital and other major cities including Belgaum, Mysore, Davangere, Hubli.

    The petrol cost per litre in Bangalore has accelerated by 3.33% for July and by 5.47% for August of the current fiscal year. Both May and June 2017 had a decreasing trend. Prices were constant throughout April 2017. The lowest rate recorded since April 2017 is Rs.64.21.

    Petrol Prices in Karnataka vs. Other States

    It is quite interesting to note that both diesel and petrol rates have slashed soon after the implementation of GST, which is completely a new, streamlined taxation platform. With effect from 1st July 2017, Karnataka is the first south Indian state to offer lower prices for diesel and petrol. Fuel rates have fallen by Rs.3.00 per litre.

    As on 1st July 2017, the lowest price for diesel was recorded at Rs.53.65 a litre while in Bangalore it was Rs.54.23 a litre. Interestingly, petrol and diesel rates per litre in other states such as Delhi, Maharashtra, and Uttar Pradesh were comparatively high on the similar date.

    Quarterly Petrol Price Trend in Karnataka Between October and December 2018

    October November December
    Opening date price Rs.84.47 a litre Rs.80.04 a litre Rs.73.17 a litre
    Closing date price Rs.80.22 a litre Rs.73.53 a litre Rs.69.36 a litre
    Highest price Rs.84.72 a litre booked on the 4 October 2018 Rs.80.04 a litre booked on the 1 November 2018 Rs.73.17 a litre booked on the 1 December 2018
    Lowest Price Rs.80.22 a litre booked on the 30 and 31 October 2018 Rs.73.53 a litre booked on the 30 November 2018 Rs.69.36 a litre booked on the 31 December 2018
    Trend Downward Downward Downward
    % Change -5.03% -8.14% -5.21%

    Petrol Price Trend in Karnataka Between October and December 2018

    • In Karnataka and other states in the country, petrol and diesel rates are fixed daily under the ‘Dynamic Fuel Pricing’ method which includes the 14-day average price of the global crude oil price and the exchange rate of rupee-dollar.
    • Based on this mechanism, the petrol price in Karnataka on 1 October stood at Rs.84.47 per litre, a record high after crude oil prices were trading at a four-year high.
    • Prices rose to touch the highest rate for the month when a litre of petrol in Karnataka was sold at Rs.84.72 per litre on 4 October, prompting the Central government to announce a reduction in excise duty levied on the sale of fuel in the country.
    • While the Centre reduced Rs.1.50 per litre, it asked oil companies to further subsidise Rs.1 per litre which led to a drop in fuel prices in the country.
    • By the end of the month, petrol prices in Karnataka dropped to Rs.80.22 per litre on 30 October, thereby recording a 5.03% drop in crude oil prices during the month.
    • On 1 November, petrol in Karnataka was priced at Rs.80.04 per litre - the highest recorded for the month.
    • With crude oil prices marginally declining, petrol rates in Karnataka dropped during the month. The decline was influenced by the drop in geopolitical tensions between the US and China over trade between the two countries.
    • Prices dropped to its lowest for the month when it was sold at Rs.73.53 per litre on 30 November due to the fall in oil prices.
    • By the end of the month, petrol recorded a drop of 8.14% in Karnataka mainly due to the significant decline in oil rates as well as the appreciation of the rupee over the US dollar.
    • In December, petrol opened at Rs.73.17 per litre in Karnataka, which is also the highest petrol price in Karnataka for the month.
    • While the global crude oil was trading at $80 per barrel early October, it declined to around $56 per barrel late December, which led to a sharp drop in fuel prices in the country.
    • Petrol prices in Karnataka fell to Rs.69.36 per litre on 31 December in the back of a softening crude oil price.
    • The petrol price trend in Karnataka in December reflected a drop of 5.21% impacted by the steep fall in oil prices coupled with the appreciation of the rupee over the US dollar.

    Quarterly Petrol Price Trend in Karnataka between July and September 2018

    July August September
    Opening date price Rs.76.77 a litre Rs.78.77 a litre Rs.81.27 a litre
    Closing date price Rs.78.81 a litre Rs.81.12 a litre Rs.84.15 a litre
    Highest price Rs.79.36 a litre recorded on the 14th Rs.81.12 a litre recorded on the 31st Rs.84.74 a litre recorded on the 2nd
    Lowest Price Rs.76.77 a litre recorded on the 1st Rs.78.77 a litre recorded on the 1st Rs.81.27 a litre recorded on the 1st
    Trend Upward Upward Upward
    % Change +2.65% +2.98% +3.54%

    Petrol Price Trend in Karnataka in July 2018

    • Similar to other states in India, fuel prices are revised on a daily basis in Karnataka based on the dynamic fuel pricing mechanism.
    • State-run oil firms fix the retail selling price of petrol and diesel based on the global crude oil price and the rupee’s exchange rate against the U.S. dollar.
    • On the 1st of July, the petrol price in Bengaluru, the capital city of Karnataka, stood at Rs.76.77 per litre. This was also the lowest price during the course of the month.
    • Oil companies kept petrol prices in Karnataka unchanged until the 5th before increasing it by 17 paise per litre.
    • Petrol prices continued to incline in the first and second week to touch the highest on the 14th when a litre of petrol was sold at Rs.79.36.
    • In the third and fourth weeks, petrol prices in Karnataka remained steady and closed for the month at Rs.78.81 on the 31st.
    • The rise in petrol prices in Karnataka was influenced by the increase in the global crude oil prices due to geopolitical tensions.
    • Overall, the petrol price trend in Karnataka in July inclined by 2.65% attributed to incline in oil prices in the global market.

    Petrol Price Trend in Karnataka in August 2018

    • Oil companies cut petrol price in Karnataka by 4 paise on the 1st of August when a litre of fuel was available at Rs.78.77. This was also the lowest price of the month.
    • Petrol prices continued to incline over the course of first and second weeks with relentless hikes by oil companies.
    • In Bengaluru, petrol prices breached the Rs.80 mark on the 20th when a litre was sold at Rs.80.06 offering no respite to the common man.
    • The second half of the month, petrol prices increased steeply to touch the highest price of Rs.81.12 per litre on the 31st of the month.
    • The significant rise in petrol prices was influenced by the incline in the global crude oil price which was prompted by geopolitical tensions between the U.S. and Iran over possible sanctions.
    • Overall, petrol prices in Karnataka during the course of the month rose by 2.98% primarily impacted by the rise in crude oil prices.

    Petrol Prices Trend in Karnataka in September 2018

    • Oil companies hiked petrol prices in Karnataka on the 1st of the month by 14 paise per litre to stand at Rs.81.27, this was the lowest petrol price for the month.
    • Petrol prices rose to touch its highest price of the month at Rs.84.74 per litre on the 17th influenced by the sharp rise in oil prices coupled with the fall in rupee’s exchange rate over the U.S. dollar.
    • On the 17th, the State government announced a cut in VAT levied on petrol by Rs.2 per litre, which offered some respite to consumers.
    • The cut in the VAT on the sale of petrol led the petrol price to decline by Rs.1.92 per litre on the 18th of the month.
    • By the end of the month, petrol price rose despite the cut in the VAT with a litre of petrol sold at Rs.84.15 per litre on the 31st of the month.
    • The petrol price trend in Karnataka in the month of September rose sharply by 3.54% mainly influenced by the rise in oil rates and the steep decline in the exchange rate of rupee over the U.S. dollar.

    Quarterly Petrol Price Trend in Karnataka Between April and June 2018

    April May June
    Opening date price Rs.74.90 per litre Rs.75.82 per litre Rs.79.61 per litre
    Closing date price Rs.75.82 per litre Rs.79.67 per litre Rs.76.77 per litre
    Highest price Rs.75.86 per litre recorded on 24th Rs.79.75 per litre recorded on 29th Rs.79.61 per litre recorded on 1st
    Lowest price Rs.74.90 per litre recorded on 1st Rs.75.82 per litre recorded from 1st to 11th Rs.76.77 per litre recorded from 27th to 30th
    Trend Upward Upward Downward
    %Change +1.23% +5.08% -3.57%
    Petrol Price Trend in Karnataka

    Petrol Price Trend in Karnataka in April 2018

    • On the first day of the month, the petrol price in Karnataka stood at Rs.74.90 per litre, the lowest for the month.
    • With crude oil prices slightly moving upwards, petrol prices were revised accordingly with an average rate between Rs.75 to Rs.76.
    • The highest petrol rate in the month was recorded at Rs.75.86 per litre on the 24th.
    • Despite an increase in petrol prices, the incline trend did not indicate a significant rise in fuel prices in the country.
    • Overall, the month indicated an upward trajectory in petrol prices in the State by 1.23% due to the rise in oil prices in the international market.

    Petrol Price Trend in Karnataka in May 2018

    • Oil companies kept the petrol price unchanged since the 24th of the previous month due to the 2018 Karnataka Assembly Elections scheduled to be held on the 11th.
    • After a 19-day hiatus, fuel companies began revising petrol prices under the daily pricing mechanism.
    • Oil companies follow the ‘Dynamic Fuel Pricing’ mechanism to compute fuel prices in India. The preceding day’s global crude oil rate and the currency exchange value are considered before selling petrol at its Retail Selling Price (RSP).
    • Petrol prices increased sharply during the second and third week as the crude oil rate increased to record at $80 per barrel.
    • Fuel prices reached a new record of Rs.79.75 per litre as the global crude oil continued to move upwards.
    • On the closing day, the petrol price in Karnataka stood at Rs.79.67 per litre – a slight fall from its peak rate.

    Petrol Price Trend in Karnataka in June 2018

    • Fuel companies sold petrol at Rs.79.61 per litre on the opening day of the month, down by 6 paise compared to the previous the day.
    • With fuel prices on the rise around the globe, the Organisation of Petroleum Exporting Countries and its ally Russia decided to meet on 22 June 2018 to discuss ways to the rising oil prices.
    • Crude oil prices continued to fall marginally and the petrol price was revised accordingly.
    • Over the course of the month, the highest petrol price in Karnataka stood at Rs.79.61 per on the opening day of the month.
    • The OPEC and Russia decided to increase the crude or unrefined oil output to the address the concern of higher fuel prices across the world.
    • By the end of the petrol price in Karnataka fell to lowest of Rs.76.77 per litre, which was kept unchanged from the 27th to the end of the month.

    Trend in Petrol Price in Karnataka between January and March 2018

    January February March
    Opening date price Rs.71.06 per litre Rs.74.20 per litre Rs.72.69 per litre
    Closing date price Rs.74.07 per litre Rs.72.63 per litre Rs.74.71 per litre
    Highest price Rs.74.07 per litre recorded on 30 Rs.74.54 per litre recorded on 6 Rs.74.71 per litre recorded on 31
    Lowest price Rs.71.06 per litre recorded on 1 Rs.72.62 per litre recorded on 23 Rs.72.69 per litre recorded on 1
    Trend Growing Decreasing Growing
    % Deviation 4.06% (Up) 2.16% (Down) 2.70% (Up)
    Petrol Price Trend in Karnataka

    Trend in Petrol Rate in Karnataka in January 2018

    • Petrol was valued at Rs.71.06 per litre in Bangalore, the capital city of Karnataka and Rs. 71.17 per litre in Belgaum on 1. Almost the same price was observed in other prime cities, including Mysore and Hubli.
    • The fuel continued gaining its rate under the dynamic fuel pricing mechanism that takes into account the changes in the INR/USD exchange rate and crude oil costs internationally.
    • Within the first fifteen days, the fuel entities declared a rise of 1.73% in the petrol price in major cities since the Indian Crude Oil Basket gained its price substantially.
    • Bangalore, Belgaum, Hubli and Mysore have recurrently augmented the fuel price until the last day of the month because of the stabilized demand, interrupted production and supply of unrefined oil.
    • As a result, on 21, the last day of the week 3, the price offer of petrol accelerated to Rs.73.21 a litre and Rs.73.92 per litre on 28.
    • Indian Oil Company, BPCL and HPCL unveiled the highest petrol price at Rs.74.07 per litre on 30 and extended the same rate on 31 as well.
    • January produced a 4.06% increase in the fuel price as a result of almost a 5-rupee up in the crude oil rate, but not due to domestic factors.

    Trend in Petrol Price in Karnataka in February 2018

    • Unlike the previous month, February depicted a mixed reaction in the petrol price influenced by irregularities in crude oil costs. In Bangalore, the fuel rate as on the opening date was Rs.74.20 a litre.
    • Even though the Union Budget was unveiled on 1 for the fiscal year 2018-2019, the OMCs neither reported a price drop nor a price up.
    • The upward trend was extended until 06 and the highest rate was booked at Rs.74.54 per litre in Karnataka within the first week.
    • 7 onwards, all the three OMCs have begun deteriorating the price offer in tandem with the variations in the global parameters.
    • However, the fuel lost its price by almost a rupee per litre at the end of the week 2 impacted by a gained dollar.
    • BPCL, HPCL and Indian Oil further depreciated the petrol rate to Rs.72.84 a litre on 21 and elongated the downward trend until 28, the last day.
    • An aggregated price of WTI and Brent Crude Oil soared by 5.53% this month and thus, the petrol rate depreciated by 2.16%. The domestic influencers such as the Value-added Tax and the excise duty were retained unchanged during this month.

    Trend in Petrol Price in Karnataka in March 2018

    • The average fuel price stood at Rs.72.60 a litre and the lowest price was booked at Rs.72.69 a litre on 1 at HPCL and BPCL.
    • Between 7 and 15, the fuel rate has increased to Rs.73.59 a litre at a growth rate of 0.08% as the USD/INR conversion rate decreased slightly.
    • On 21, 22, 23, 24, 25, 26 and 27, the petrol price was Rs.73.33 a litre, Rs.73.40 a litre, Rs.73.44 a litre, Rs.73.52 a litre, Rs.73.69 a litre, Rs.73.94 a litre and Rs.74.05 a litre correspondingly.
    • Over the last three months, the cost of crude oil has been depreciated to $63.80 per barrel. Domestic factors were not changed.
    • Therefore, the closing price and the highest price for the month was Rs.74.71 a litre and the overall price has been hiked by 2.70%.

    How are Petrol Rates in Karnataka Computed?

    Petrol is priced based on a few considerations such as the cost of unrefined oil, which is traded in the USD; the refinery transfer price, which is the price paid by oil marketing companies to refineries; the central excise duty, which is fixed across the nation; the state VAT, which is the VAT imposed on petrol by the Karnataka government; and finally the dealer’s commission, which is the commission charged by retail petrol stations. The retail selling price of petrol in Karnataka includes all these cost elements. If any of these elements varies, the RSP will be adjusted accordingly.

    How Frequently are Petrol Prices in Karnataka Updated?

    Earlier, fuel price revision used to happen on the first and sixteenth of each month. Fuel rates used to be constant at least for a period of fifteen days. Currently, we have a new fuel pricing system called dynamic fuel pricing or daily revision of fuel prices in all cities of Karnataka.

    The new system revises fuel prices on a daily basis based on two important factors:

    1. crude oil prices and
    2. the currency conversion rate. Why?

    Indigenous production of crude oil in India is just 25% of the country’ oil requirements and the rest 75% is sufficed through importing. However, variations in crude oil prices and the currency conversion rate should be reflected in the selling price of fuels. The new system is transparent, perfect. Tracking information is easy for consumers as the biggest oil brands such as Indian Oil, HP, BP, and Shell have designed some means to get the latest information. Daily revision of petrol rates is a good proposal for many reasons. Firstly, it enables customers to absorb regular petrol price variations in Karnataka by a little margin. In case of fortnightly-based revision, there used to be big variations.

    Impact of GST on Petrol Prices in Karnataka

    The Goods and Services Tax (GST) excludes the oil and natural gas industry till now. If it was imposed, the cost of compliance would have increased. The industry participants were required to conform to the current and GST tax regimes. If it was imposed on petrol, the cost of petrol per litre would have come down at least by Rs.15-20.

    The highest rate fixed by the GST council till today is 28%. Even if 28% GST tax bracket was imposed on petrol, the revenues for the government would have adversely been affected. A few experts are of the opinion that GST can also be imposed on petrol, diesel, and petroleum products. In fact, the issue was debated in the recent past.

    Petrol vs. Diesel Rates in Karnataka

    The process of daily revision of fuel prices has already been active in the state since 16th June 2017. Petrol rates in Bangalore and other major cities of Karnataka have reduced since dynamic fuel pricing. As on 6th October 2017, a litre of petrol costs Rs.69.17 while a litre of diesel costs Rs.56.79 in Mysore. A litre of diesel costs Rs.56.95 while a litre of petrol costs Rs.69.34 in Mandya. In Koppal, a litre of petrol costs Rs.70.08 while a litre of diesel costs Rs.57.64.

    In Kolar, a litre of petrol costs Rs.69.34 while a litre of diesel costs Rs.56.95. In Haveri, a litre of diesel costs Rs.57.46 while a litre of petrol costs Rs.69.88. A litre of petrol in Belgaum costs Rs.69.49 a litre while a litre of diesel costs Rs.57.12. In Shimoga, a litre of diesel costs Rs.70.07 while a litre of petrol costs Rs.57.58. Entry taxes were banned in the state on 2nd July 2017 and, as a result, diesel and petrol rates were down by Rs.3 per litre.

    In a nutshell, Karnataka is one of the south Indian states to charge petrol and diesel quite reasonably. The recent cut in entry taxes is the primary highlight in Karnataka. Diesel and petrol prices are envisioned to be steady over the next few months unless there are major changes in overseas crude oil.

    Also Check Petrol Price in NearBy Cities of Karnataka

    *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 Karnataka

    • Petrol Prices Slashed Today

      State-owned oil companies slashed petrol prices today while diesel prices were kept unchanged across major metro cities of the country. Petrol rates were cut by 5 paise per litre. In Delhi, petrol is being retailed at Rs.72.80 per litre as against Monday’s price of Rs.72.85 per litre, and diesel is being sold at Rs.66.11 per litre, no change compared to yesterday’s rate. In Mumbai, petrol costs Rs.78.37 per litre, a 5 paise cut compared to yesterday's price and diesel is available at Rs.69.19 per litre. In Chennai, petrol is available at Rs.75.56 per litre and diesel costs Rs.69.80 a litre. After the revision, in Kolkata a litre of petrol costs Rs.74.82 and diesel costs Rs.67.85 a litre. Petrol was retailed at Rs.74.87 per litre and diesel at Rs.67.85 a litre in Kolkata yesterday. New prices are effective from 6:00 am IST.

      Petrol and diesel prices are proportional to global crude oil prices and the rupee-dollar exchange rate. On Tuesday, in the global oil market, crude oil prices declined due to weak economic outlook. International benchmark Brent crude oil futures rose to touch the highest level since November last year at $71.34 per barrel, before dropping to $70.96 per barrel, declining by 14 cents or 0.2% compared to its previous settlement. Crude oil prices have inclined by about 7% in the last one month, with Brent crude past $70 mark.

      15 April 2019

    • Petrol prices up by Rs.0.09 to Rs.0.10

      The rates of petrol in the country was hiked by Rs.0.09 to Rs.0.10 on Sunday. In Delhi, the national capital consumers were required to pay Rs.72.40 for every litre of petrol. The rates charged on Sunday was Rs.0.09 more than what was charged on Saturday.  

      In the financial capital of the country i.e., Mumbai, one litre of petrol cost Rs.78.03 while in Kolkata the rates were Rs.74.48, as per the data on IOC’s website. In Chennai, the price of petrol was increased by Rs.0.10 on Sunday which saw the rates climb to Rs.75.19 per litre. 

      The increase in the rates of petrol can be largely attributed to the rise in the price of international crude oil. Given the sudden rise in the price of international crude oil, India raised its concern regarding the matter with Saudi Arabia’s Minister of Energy. 

      It needs to be mentioned here that the government wants to keep the prices of fuel under control in the days leading up the general elections in order to prevent any outrage among the consumers. 

      13 March 2019

    • Punjab govt. cut the rates of petrol by Rs.5

      Oil Marketing Companies (OMCs) continued to hike the prices of petrol for the fifth consecutive day across all the four metro cities of the country on Monday. The rates were increased by Rs.0.15 to Rs.0.16 per litre. Interestingly, at a time when the rates are being increased by OMCs, the Punjab government has announced that it has slashed the rates of petrol by Rs.5 per litre.  

      The decision to cut the rates comes after State Finance Minister Manpreet Singh Badal presented the state budget for FY20. The total outlay of Rs.1, 58, 493 crore comes with no new taxes.  

      It needs to be mentioned here that the budget is focussed on agriculture, health, education and, rural and urban infrastructure. The total outstanding debt was projected at Rs.2, 29, 612 crore for 2019-20. 

      20 February 2019

    • Sharp Rise In The Prices Of Petrol And Diesel On Monday 

      In an attempt to counter the drop in the value of the rupee, the prices of petrol and diesel were raised on Monday by the major PSUs of the country. As a result, the revised price of petrol in Delhi is Rs.71.14 per litre and that of diesel is Rs.65.71 per litre. 

      In Mumbai, after a hike of 19 paise, a litre of petrol now costs Rs.76.77. The revised price of per litre of petrol in Kolkata, Chennai, Gurugram, and Hyderabad is Rs.73.23, Rs.73.85, Rs.71.89, and Rs.75.47 respectively. In Bengaluru, the price is Rs.73.48 a litre and in Patna, it’s Rs.75.21 a litre. 

      On the other hand, the price of per litre of diesel in Hyderabad, Patna, Trivandrum, and Chennai is Rs.71.43, Rs.70.57, Rs.70.57, and Rs.69.41 respectively. The fresh rise in the prices of fuels started with the recovery of price of global crude oil since 7th January. 

      Last year on 4th October, fuel prices reached peak levels putting the government in under intense pressure to absorb the prices. 

      21 January 2019

    • Petrol prices cut for the second consecutive day

      Oil Marketing Companies (OMCs) slashed the rates of petrol in the country for the second straight day on Saturday. The cut in the prices came as international crude oil prices declined further and the Indian rupee appreciated against the US dollar. Following the cut in the prices, every litre of petrol in the major cities of the country became cheaper by Rs.0.19 to Rs.0.20. In the national capital i.e., Delhi petrol was sold for Rs.70.27 while in Mumbai every litre of petrol cost Rs.75.89. In the other two metro cities of the country, i.e Kolkata and Chennai, petrol was sold for Rs.72.36 and Rs.72.91 respectively.

      On the global front, Brent Crude futures closed 0.98 per cent lower at 53.82 dollars per barrel. It needs to be mentioned here that this is the lowest level since the third quarter of last year i.e., 2017.

      It is noteworthy to mention that the rupee has appreciated by over 2 per cent this week. The decline in the prices of crude oil and the appreciation of rupee is good news for consumers as the retail fuel prices are decided by keeping these factors in mind.

      26 December 2018

    • Petrol Prices Go Below Rs.74 per Litre Since April, Diesel Prices Wipe Off All Rises

      Fuel prices had risen to their highest levels just under two months ago on 4th October, when it was close to hitting Rs.90 per litre for petrol and Rs.80 per litre for diesel. However, as crude oil prices have gone down significantly over the last month or so, fuel prices have pretty much wiped off all the gains recorded over this period. On Wednesday, diesel continued on its six-week long price reduction spree as it dropped down to Rs.68.89 per litre - which was a Rs.0.40 per litre drop.

      With this, price reduction for the last six week stands at Rs.7.2 for diesel, which is a massive number.Rates have been on a steep decline from the 18th of October and it looks like the numbers are going to fall as crude oil prices are witnessing some of the worst troughs in history.

      In the global market, crude oil prices have dropped below $60 per barrel, which has enabled with the stark drop in fuel prices. There is, however, a concern here as the government is looking to hike the excise duties it had cut back in October, by Rs.1.50 per litre to calm some nerves and voices of dissent against the government. In Mumbai, diesel prices were holding at Rs.79.35 per litre with other cities also following suit. As per reports, prices are expected to go further lower in the coming days and weeks.

      3 December 2018

    • Petrol Prices Reduced by 19 Paise a Litre

      State-owned oil companies cut petrol prices by 19 paise a litre, while diesel received a cut of 17 paise today. Now, petrol is being sold at Rs.76.52 per litre and diesel at Rs.71.39 a litre in Delhi. In Mumbai, petrol is available at Rs.82.04 a litre and diesel at Rs.74.79 per litre. Fuel prices have declined in the last 30 days due to the decline in crude oil rates in the global market. The crude oil price had inclined to a four-year high of $80 per barrel early October 2018 coupled with the significant depreciation of the Indian currency over the U.S. dollar prompting petrol and diesel prices to touch record highs in the country. However, oil prices have come down after the U.S. softened its stand on sanctions against Iran towards the later’s oil supply to eight countries including that of India temporarily. Both petrol and diesel rates are influenced by the crude oil price and the exchange rate of the Indian currency over the U.S. dollar.

      22 November 2018

    • Petrol Rates Decline for the 12th Consecutive Day

      The rates of petrol declined for the 12th consecutive day in the country. On Monday, the rates were cut by Rs.0.30 which saw every litre of petrol cost Rs.79.75 in the national capital and Rs.85.24 in Mumbai. It needs to be mentioned that the rates of petrol were at an all-time high of Rs.84 in the national capital and breached the Rs.91 mark in Mumbai before the drop in the prices.

      The prices of petrol in the country have come down in the last twelve days owing to the fall in international crude oil prices, cut of excise duty and reduction in local sales tax or VAT by the state government. The rates of petrol have seen a cumulative drop of Rs.3.08 in the last 12 days thereby providing relief to the common people in the festive season.

      31 October 2018

    • Petrol Prices Stagnant, Price of Diesel Keeps Rising

      The price of fuel has been constantly rising as seen on Monday morning with an increase of 8 paise and 9 paise in the metros. While Mumbai and Chennai recorded an increase of 9 paise per litre, Delhi and Kolkata saw an increase of 8%.

      The opposition constantly blames the Government for the increase in prices of fuel, and the Government in turn pushes the blame towards the global prices of crude and other international factors.

      Amidst this, the prices of diesel is Rs.75.46 in Delhi and Rs.77.31 in Kolkata, while in Mumbai and in Chennai, diesel is priced at Rs.79.11 and Rs.79.80 respectively.

      Apart from diesel, petroleum is at a stagnant price of Rs.82.72 per litre since Sunday. In Mumbai, the price of petrol was a whopping Rs.88.18 per litre and Rs.79.71 in Chennai, whereas in Kolkata, petrol is priced at Rs.84.54 per litre.

      16 October 2018

    • Petrol Prices hit Rs.90.22 per litre in Mumbai, Sparks Outrage

      Fuel prices have been on the rise for over the past month now and on the 25th of September, they hit Rs.90.22 per litre in Mumbai, the highest in the country. Fuel prices are also the entire in Maharashtra, and compared to other states, iit is a good Rs.1 or Rs.2 higher. The reason for the high rates is the higher Value Added Tax (VAT) on fuel, as opposed to all the other states.

      From the 1st of September, petrol prices have gone up by Rs.4.13 per litre in Mumbai, and the rising crude prices are adding more to the woes of the common people, as there is not end to fuel price hikes.

      The consistent depreciation of the Indian rupee is also adding to the rising cost of fuel. US Brent has seen its price per barrel rise up to $81 dollar, and it will increase in the coming days once the sanctions on Iran takes effect in November.

      1 October 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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