Petrol Price In Kerala Today

  • Today's Petrol Price ( 26 Feb 2021 )

    ₹ 92.79
    Current Petrol Price Per Litre

    Compare Petrol Price in Kerala (Today & Yesterday)

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    Rate Change
    Petrol ( / litre) ₹ 92.79 ₹ 92.79 ₹ 0 ↑

    Petrol Price in Kerala - Last 10 Days Data

    Date Petrol ( / litre)
    26 Feb 2021 ₹ 92.79
    25 Feb 2021 ₹ 92.79
    24 Feb 2021 ₹ 92.79
    23 Feb 2021 ₹ 92.79
    22 Feb 2021 ₹ 92.44
    21 Feb 2021 ₹ 92.44
    20 Feb 2021 ₹ 92.44
    19 Feb 2021 ₹ 92.05
    18 Feb 2021 ₹ 91.74
    17 Feb 2021 ₹ 91.4

    Petrol Rate Trend

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    • 3 Months
    • 6 Months

    Petrol Rate in Kerala:

    • Current Petrol Price in Kerala is Rs.92.79 per Litre.
    • Today's Petrol price in Kerala is Rs.92.79 per litre

    Trend of Petrol Price in Kerala for February 2021 (Rates per litre):

    Parameters Rates/litre
    1st February Rs.88.31
    14th February Rs.90.59
    Highest Rate in February Rs.90.59
    Lowest Rate in February Rs.88.31
    Overall Performance Incline
    Percentage Change 2.58%

    February - Week 1 (1 - 7):

    • Petrol price in Kerala stood at Rs.88.31 per litre on the 1st of February as prices continued to rise.
    • Petrol closed the week at Rs.88.81 per litre.
    • The overall percentage change was 0.56%.

    February – Week?2?(8 - 14):

    • Petrol price in Kerala continued to rise like any other state/city in India, closing the week at Rs.90.59?per litre.
    • This was the highest recorded price for the month of February.
    • The overall percentage change for petrol was 2.58%.

    Trend of Petrol Price in Kerala for January 2021 (Rates per litre):

    Parameters Rates/litre
    1st January Rs.85.68
    31st January Rs.88.31
    Highest Rate in January Rs.88.31
    Lowest Rate in January Rs.85.68
    Overall Performance Incline
    Percentage Change 3.06%

    January - Week 1 (1 - 7):

    • Petrol price in Kerala stood at Rs.85.68 per litre on the 1st of January.
    • Petrol prices fluctuated in the next few days, closing the week at Rs.86.47.20 per litre.
    • The overall percentage change was 1.19%.

    January – Week 2 (8 - 14):

    • Petrol price in Kerala stood at Rs.86.22 per litre on the 8th of January as prices continued to rise.
    • Petrol prices increased in the next few days, closing the week at Rs.86.73 per litre.
    • The overall percentage change was 1.22%.

    January – Week 3 (15 - 21):

    • Petrol price in Kerala at the start of the third week of January was Rs.86.48. When compared to the closing price of the previous week, the rate was down by 25 paise in the state.
    • Over the week, the price of the fuel increased in the southern state and touched its highest price for the month till date on 19th January. On the mentioned date, oil companies charged Rs.87.21 for a litre.
    • Petrol rates didn’t see any change till the end of the week and closed at the same price. The overall performance of the fuel in the state was one of incline with the percentage change being 1.78%.

    January – Week 4 (22 - 31):

    • Petrol price in Kerala stood at Rs.87.46 per litre on the 22nd of January as prices continued to rise.
    • Petrol closed the month at Rs.88.31 per litre.
    • The overall percentage change was 3.06%.

    Trend of Petrol Price in Kerala for December 2020 (Rates per litre):

    Parameters Rates/litre
    1st December Rs.84.17
    31st December Rs.85.68
    Highest Rate in December Rs.85.96
    Lowest Rate in December Rs.84.17
    Overall Performance Incline
    Percentage Change 1.79%

    December - Week 1 (1 - 7):

    • Petrol price in Kerala stood at Rs.84.17 per litre on the 1st of December.
    • Petrol prices continued to go up, closing the week at Rs.85.72 per litre.
    • Massive increase in oil prices could be attributed to increase in global crude oil prices and higher fuel taxes levied by the central and state governments.

    December – Week 2 (8 - 14):

    • Petrol price in Kerala stood at Rs.85.54 per litre on the 8th of December.
    • Petrol prices rose a bit, closing the week at Rs.85.86 per litre.
    • The overall percentage change was 2%.

    December – Week 3 (15 - 21):

    • Petrol price in Kerala stood at Rs.85.72 per litre on the 15th of December.
    • Petrol prices fluctuated throughout the week, closing the week at Rs.85.54 per litre.
    • The overall percentage change was 1.62%.

    December – Week 4 (22 - 28):

    • Petrol price in Kerala stood at Rs.85.96 per litre on the 22nd of December, its highest recorded price in the month of December.
    • Petrol prices fluctuated a bit closing the week at Rs.85.72 per litre.
    • The overall percentage change was 1.84%.

    December – Week 5 (29 - 31):

    • Petrol price in Kerala stood at Rs.85.68 per litre on the 29th of December.
    • Petrol prices were stable, closing the week at Rs.85.68 per litre.
    • The overall percentage change was 1.66%.

    Trend of Petrol Price in Kerala for November 2020 (Rates per litre):

    Parameters Rates/litre
    1st November Rs.82.96
    30th November Rs.84.59
    Highest Rate in November Rs.84.59
    Lowest Rate in November Rs.82.66
    Overall Performance Incline
    Percentage Change 1.96%

    November - Week 1 (1 - 7):

    • Petrol price in Kerala stood at Rs.82.96 per litre on the 1st of November, slightly higher than its previous day’s closing price.
    • After fluctuating for the next few days, petrol closed the week at Rs.82.95 per litre.
    • The overall percentage change was -0.01%.

    November – Week 2 (8-14):

    • Petrol price in Kerala stood at Rs.82.89 per litre on the 8th of November, dropping a bit from its previous day’s closing price.
    • Petrol closed the week at Rs.82.95 per litre, slightly increasing from the earlier drop.
    • The overall percentage change was -0.01%.

    November – Week 3 (15-22):

    • Petrol price in Kerala stood at Rs.83.29 per litre on the 22nd of November, dropping a bit from its 20th November price that stood at Rs.83.46 per litre.
    • The overall percentage change of petrol in Kerala was 0.39% upwards.
    • In the international oil market, prices climbed up in anticipation of an early recovery in demand following news of a third successful COVID vaccine candidate. .

    November – Week 4 (22-30):

    • Petrol price in Kerala stood at Rs.84.59 per litre on the 30th of November, showing a steady hike as state-run oil marketing companies decided to hike oil prices.
    • The overall percentage change of petrol in Kerala was 1.96% upwards.
    • In the international oil market, oil prices rose due to increased demand catapulted by the possible release of COVID vaccine.

    Trend of Petrol Price in Kerala for October 2020 (Rates per litre):

    Parameters Rates/litre
    1st October Rs.82.89
    31st October Rs.82.89
    Highest Rate in October Rs.83.12
    Lowest Rate in October Rs.82.50
    Overall Performance Stable
    Percentage Change 0%

    October - Week 1 (1 - 7):

    • Petrol price in Kerala stood at Rs.82.89 per litre on the 1st of October, unchanged from its previous day’s closing price.
    • The oil price fluctuated in the next few days, first dropping to Rs.82.54 per litre and then increasing to Rs.82.96 per litre before falling back to its opening day price.
    • Petrol rate in Kerala stood at Rs.82.89 on the 7th of October.

    October – Week 2(8 - 14):

    • Petrol in Kerala stood at Rs.82.89 per litre on the 8th of October, unchanged from its previous day’s closing price.
    • Petrol price in Kerala fluctuated for the next few days before increasing to Rs.83.12 per litre.
    • In the international oil market, prices dropped because of the concerns related to spike in coronavirus cases.

    October – Week 3 (15 - 21):

    • A litre of petrol was retailed for Rs.82.95 in Kerala on 15th October. The price of the fuel was down by 17 paise when compared to the previous week’s closing price.
    • The price of petrol remained stagnant in the state till 18th October before slipping considerably. On 20th October, petrol was retailed for Rs.82.72 per litre.
    • Petrol price in Kerala closed the third week of October at Rs.82.89. The overall performance of the fuel was stable.

    October – Week 4 (22 - 28):

    • Petrol opened the fourth week of October at Rs.82.89 per litre. There was no change in the rates when compared to the previous week’s closing price.
    • Over the week, the price of petrol saw a lot of fluctuations. A litre was retailed for Rs.82.95 on 24th October before slipping to Rs.82.66 on 26th October.
    • Petrol price in Kerala closed the week at Rs.82.89 after the rates improved slightly. The overall performance of the fuel remained stable in the state.

    October – Week 5 (29 - 31):

    • Petrol price in Kerala stood at Rs.83.12 per litre on the 29th of October.
    • Petrol price dropped a bit closing the month at a price same as its opening day, Rs.82.89 per litre.
    • Meanwhile, in the international oil market prices fell as coronavirus infections surged in the US and UK prompting renewed lockdowns and reducing demand for the oil.

    Trend of Petrol Price in Kerala for September 2020 (Rates per litre):

    Parameters Rates/litre
    1st September Rs.83.97
    30th September Rs.82.89
    Highest Rate in September Rs.84.04
    Lowest Rate in September Rs.82.89
    Overall Performance Decline
    Percentage Change -1.28%

    September - Week 1 (1 - 7):

    • The petrol price in Kerala on 1st of September was Rs.83.97 per litre. When compared to the closing price of the precious month, the rate was up by 5 paise.
    • Over the week, petrol rate in the southern state remained mostly stagnant. The price of petrol slipped on 4th September and recorded its lowest for the month till date with a litre costing Rs.83.68.
    • While petrol price improved on 5th September its slipped again the following day. Petrol price in Kerala closed the week at Rs.84.04 per litre, which was the highest for the month till date. The overall performance witnessed an inclining trend with the percentage change being 0.08%.

    September – Week 2 (8 to 14):

    • For the month of September, petrol opened at the rate of Rs.83.97 per litre in Kerala. When compared to the previous closing rate, there was a hike of 5 paise in the price of the fuel.
    • The price of the fuel witnessed fluctuations in the first two weeks of the month. The lowest price of the fuel was recorded on 9th September wherein it was being traded at the rate of Rs.83.56 per litre. The highest price of the fuel was Rs.84.04 per litre which was recorded on 7th September.
    • On the last day of the second week, that is on 14th September, the liquid gold was being traded at the rate of Rs.83.61 per litre. The overall performance of the fuel witnessed a decline of –0.43%.

    September – Week 3 (15 to 21):

    • Petrol price in Kerala dropped a bit but the margin of drop was negligent
    • Petrol closed the second week at Rs.83.03 per litre, it’s lowest recorded price for the month of September.
    • The overall performance of petrol in Kerala was -1.11%.

    September – Week 4 (22 - 30):

    • The price of petrol in Kerala was Rs.82.95 per litre at the start of the fourth week of September. When compared to the closing price of the previous week, the price was down by 8 paise for every litre.
    • Over the week, petrol rate in the state remained mostly stagnant. The price of petrol slipped on 28th September to record its lowest for the month. A litre was retailed for Rs.82.72 on the mentioned date.
    • Petrol closed the month at Rs.82.89 per litre with the overall performance witnessing a declining trend. The percentage change recorded in the rates stood being -1.28%.

    Trend of Petrol Price in Kerala for August 2020 (Rates per litre):

    Parameters Rates/litre
    1st August Rs.82.32
    21st August Rs.83.92
    Highest Rate in August Rs.83.92 on 30 and 31 August
    Lowest Rate in August Rs.82.13 on 10, 11, and 15 August
    Overall Performance Incline
    Percentage Change 1.94%

    August - Week 1 (1 - 7):

    • Petrol price in Kerala at the start of August was Rs.82.32 per litre. When compared to the closing price of the previous month, the rates were up by 17 paise.
    • While the rates remained unchanged till 4th of August, it jumped to Rs.83.32 per litre on 5th July. This was the highest recorded price of the fuel in the state for the month till date.
    • Petrol rates dropped in the state following that and closed the opening week at Rs.81.97 per litre. The closing price of the fuel was the lowest price for the month till date in the southern state. The overall performance witnessed a declining trend with the percentage change being -0.42%.

    August – Week 2 (8 – 14):

    • At the beginning of the second week of August, a litre of petrol was being traded at the rate of Rs.82.32 in Kerala. Compared to the closing price of the previous week, there was a hike of 17 paise in the price of the fuel.
    • Throughout the month, the price of the fuel was more or less stable and had witnessed minor fluctuations. The lowest price recorded during the month was Rs.81.97 as on 7th August 2020.
    • The highest price of the fuel was recorded on 14 August when it stood at the rate of Rs.82.55 per litre. The overall performance of petrol in Kerala witnessed an incline of 0.28%.

    August – Week 3 (15 – 21):

    • At the start of the third week of August, the price of petrol in Kerala was Rs.82.13. There was a drop of 42 paise in the rates when compared to the closing price of the previous week.
    • Over the week, petrol rate fluctuated a lot in the southern state of the country. A litre of the fuel was retailed for Rs.82.76 on 17th August after petrol price was hiked by state-owned oil companies.
    • While the rate of the fuel continued to see fluctuations, petrol price in Kerala closed the week at Rs.82.85 per litre. The overall performance of the fuel witnessed an inclining trend with the percentage change being 0.64%.

    August – Week 4 (22 – 31):

    • At the start of the third week of August, the price of petrol in Kerala was Rs.82.13. There was a drop of 42 paise in the rates when compared to the closing price of the previous week.
    • Over the week, petrol rate fluctuated a lot in the southern state of the country. A litre of the fuel was retailed for Rs.82.76 on 17th August after petrol price was hiked by state-owned oil companies.
    • While the rate of the fuel continued to see fluctuations, petrol price in Kerala closed the week at Rs.82.85 per litre. The overall performance of the fuel witnessed an inclining trend with the percentage change being 0.64%.

    Trend of Petrol Price in Kerala for July 2020 (Rates per litre):

    Parameters Rates/litre
    1st July Rs.82.27
    31st July Rs.82.15
    Highest Rate in July Rs.82.36 on July 3
    Lowest Rate in July Rs.82.05 on July 29
    Overall Performance Decline
    Percentage Change -0.14%

    July – Week 1 (1 – 7):

    • Petrol price in Kerala opened the first week of July at Rs.82.27 per litre. There was an incline of 35 paise in the rates when compared to the closing price of the previous month.
    • The rates dropped to its lowest for the month till date the following day as oil companies slashed the rates by 20 paise in the state. A litre was retailed for Rs.82.07 on the mentioned date. The highest price for the month was recorded on 3rd July when a litre cost Rs.82.36.
    • Petrol rates fluctuated over the week and closed at Rs.82.13 per litre. In Kerala, the rates witnessed a declining trend with the percentage change being -0.17%.

    July – Week 2 (8 – 14):

    • In Kerala, petrol price opened the second week of July at Rs.82.13 per litre. Compared to the price charged on the final day of the previous week, there was no change in the rates of the fuel.
    • Over the week, the rates of the fuel remained unchanged in the state. State-run Oil Marketing Companies (OMCs) refrained for making changes even though crude oil rates changed in the international market.
    • The overall performance of petrol witnessed a declining trend in the state. The percentage change recorded in the rates was -0.17%.

    July - Week 3 (15 – 21):

    • Petrol price in Kerala was Rs.82.13 per litre on 15th of July. Compared to what was charged on the final day of the previous week, the rates didn’t see any change.
    • The price of petrol remained stagnant in the state over the week even though international oil rates saw changes.
    • In Kerala, petrol price witnessed a declining trend with the percentage change being -0.17%.

    July - Week 4 (22 – 28):

    • In Kerala, petrol price at the start of the fourth week of July was Rs.82.13 per litre. There was no change in the rates when compared to what was charged on the final day of the previous week.
    • Even though international oil rates saw some changes, the price of petrol in the southern state remained unchanged over the week.
    • Petrol rate in Kerala saw a declining trend. The percentage change recorded in the rates stood at -0.17%.

    July - Week 5 (29– 31):

    • Petrol price in Kerala at the start of the final week of July was Rs.82.05 per litre after the rates dropped by 8 paise. The opening price of the week was the lowest for the month in the state.
    • The price of petrol shot up the next day before dropping on the final day of the week and closing the month at Rs.82.15 per litre.
    • Petrol rate in Kerala witnessed a declining trend over the month of July. The percentage change recorded in the rates stood at -0.14%.

    Trend of Petrol Price in Kerala for June 2020 (Rates per litre):

    Parameters Rates/litre
    1st June Rs.72.99 per litre
    30th June Rs.81.92 per litre
    Highest Rate in June Rs.82.10 per litre on 28 June
    Lowest Rate in June Rs.72.99 per litre from 1 - 6 June
    Overall Performance Incline
    Percentage Change 12.23%

    June – Week 1 (1 – 7):

    • Petrol was priced Rs.72.97 at the start of the month in the state of Kerala. Compared to the closing price of the previous month, there was no change in the rates.
    • The rates didn’t see any change over the next six days in the city before recording an incline of 60 paise for every litre.
    • In Kerala, the fuel closed the opening week at Rs.72.97 per litre. This was the highest price for the month till date. The overall performance of the fuel witnessed an inclining trend with the percentage change being 0.82%.

    June – Week 2 (8 - 14):

    • A litre of petrol was retailed for Rs.74.39 in Kerala at the start of the second week of June. Over the week, the rates of the fuel increased by Rs.4.72 per litre.
    • With state-run Oil Marketing Companies (OMCs) increasing the rates on all days of the week, petrol price jumped to its highest for the month till date on 14th June.
    • Petrol closed the week at Rs.77.71 per litre in the state of Kerala. The overall performance of the fuel witnessed an inclining trend in the state with the percentage change being 6.46%.

    June – Week 3 (15 – 21):

    • A litre of petrol was priced at Rs.77.18 at the start of the third week of June in the state of Kerala. When compared to the price charged on the final day of the previous week, the rates were down by 53 paise.
    • The rates of fuel witnessed an inclining trend over the week in the state as state-owned Oil Marketing Companies (OMCs) hiked the rates on a daily basis. The daily revision of fuel rates as per the dynamic pricing scheme resumed on 7 June after an 82-day hiatus.
    • Petrol closed the week in Kerala at Rs.80.95 per litre. This was the highest price of petrol for the month till date in the state. The percentage change recorded in the rates was 10.90%.

    June – Week 4 (22 – 30):

    • In Kerala, petrol opened the fourth week of June at Rs.81.18 per litre. Compared to the price charged on the final day of the previous week, the rates were up by 23 paise.
    • Petrol touched its highest price for the month in the state on 28th June with a litre being retailed for Rs.82.10.
    • The rates slipped in Kerala following that and closed the week at Rs.81.92 per litre. The overall performance witnessed an inclining trend with the percentage change being 12.23%.

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

    Parameters Rates/litre
    1st May Rs.72.99
    31st May Rs.66.31
    Highest Rate in May Rs.73.20
    Lowest Rate in May Rs.66.31
    Overall Performance Decline
    Percentage Change -10.07%

    May – Week 1 (1 – 7):

    • Petrol price in Kerala stood at Rs.72.99 per litre on the 1st of May. Prices fluctuated in the next few days.
    • Petrol prices soon jumped to Rs.73.15 per litre after the Indian Government increased excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.
    • The overall performance of petrol in Kerala was 0.21%.

    May – Week 2(8 - 14):

    • Petrol price in Kerala stood at Rs.72.89 per litre on the 8th of May, slumping quite a bit compared to its previous day’s closing price.
    • Petrol prices fluctuated in the next few days, even peaking at Rs.73.20, its highest recorded price before dropping back to Rs.72.99 per litre. Meanwhile, the Indian Government increased excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.
    • Overall, petrol prices fluctuated in Kerala.

    May – Week 3 (15 - 21) :

    • Petrol price in Kerala stood at Rs.72.79 per litre on the 15th of May, its lowest recorded price.
    • Petrol prices fluctuated throughout the week before closing the week at Rs.72.84 per litre. Meanwhile, the Indian Government increased the excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.
    • The overall performance of petrol in Kerala was -0.20%, trending negative.

    May – Week 4 (22 - 28):

    • In Kerala, a litre of petrol was priced at Rs.73.20 on 22nd May. There was a jump of 36 paise in the rates when compared to what was charged for a litre on the last day of the previous week.
    • Over the week, petrol prices witnessed a lot of fluctuations. The rates changed every single day over the week in the state before closing at Rs.73.20 per litre, the same price at which the rates started the week.
    • Petrol’s overall performance witnessed an incline in the rates with the percentage change being 0.28%.

    May – Week 5 (29 - 31):

    • Petrol opened the final week of May at Rs.73.04 per litre in Kerala. Compared to what was charged on the last day of the precious week, the rates were down by 16 paise.
    • The drop in the rates continued and recorded a massive drop of Rs.6.68 for every litre on the final day of the month. The decline in the rates saw a litre of petrol cost Rs.66.31 in the state.
    • The overall performance of the fuel witnessed a declining trend with the percentage change being -10.07%.

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

    Parameters Rates/litre
    1st April Rs.72.97
    28th April Rs.72.84
    Highest Rate in April Rs.73.20
    Lowest Rate in April Rs.72.67
    Overall Performance Decline
    Percentage Change -0.17%

    April – Week 1 (1 – 7):

    • Petrol price in Kerala stood at Rs.72.97?per litre on the 1st of April, unchanged from its previous day’s closing price.
    • After staying stable for the next few days, petrol slumped a bit on the 6th of April. However, the oil improved on the next day and closed the week at?Rs.72.84 per litre.
    • The overall performance of petrol in Kerala was -0.17%.

    April – Week 2(8 - 14):

    • Petrol price in Kerala stood at Rs.69.59 per litre on the 8th of April, 15 paise higher from its previous day’s closing price.
    • Petrol prices fluctuated for the next few days before closing the week at Rs.72.99 per litre. In the international oil market, oil prices fluctuated due to the coronavirus pandemic, diminishing demand for the oil.
    • The overall performance of petrol in Kerala was -0.24%.

    April– Week 3 (15 - 21):

    • Petrol price in Kerala stood at Rs.72.91 per litre on the 15th of April, 12 paise higher than its previous day’s closing price.
    • Petrol prices fluctuated for the next few days, closing the week at Rs.72.84 per litre. In the international oil market, oil prices crashed record two-decade low due to the COVID-19 pandemic, thereby sending ripples across countries.
    • The overall performance of petrol in Kerala was -0.17%.

    April – Week 4 (22 - 28):

    • Petrol price in Kerala stood at Rs.72.99 per litre on the 22nd of April, a hike of 15 paise from its previous day’s closing price.
    • Petrol fluctuated for the next few days, closing the week at Rs.72.84 per litre. In the international oil market, oil prices crashed a two-decade low due to the COVID-19 pandemic, thereby sending ripples across countries.
    • The overall performance of petrol in Kerala was -0.17%.

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

    Parameters Rates/litre
    1st March Rs.76.53
    31st March Rs.72.97
    Highest Rate in March Rs.76.53
    Lowest Rate in March Rs.72.97
    Overall Performance Decline
    Percentage Change -2.88%

    March – Week 1 (1 – 7):

    • In Bangalore, the price of diesel opened at the rate of Rs.66.48 per litre on the 1st of March 2020. This was the highest recorded rate for the fuel during the first week of the month.
    • Due to the spread of Corona virus, there has been a slowdown of the economy. In addition to that, investors have been doubtful about investments which has affected the Indian Rupee (INR) and it has taken a hit against the US Dollar (USD). The price of the fuel has taken a hit owing to these factors.
    • In Bangalore, the price of diesel for the first week of March 2020 closed at the rate of Rs.75.47 per litre on 7th March. There was a percentage change of –0.95% in the overall performance of the fuel.

    March – Week 2 (8 - 14):

    • In Kerala, petrol opened the second week of March at Rs.74.24 per litre. There was a drop of 20 paise in the prices when compared to the previous week’s closing price.
    • The sharp decline in the prices was accounted to the fact that Brent crude prices recorded its biggest daily percentage fall since December 2008 on Friday when the rates fell by nearly 9 percent.
    • Petrol prices in the state continued to slip further and dropped to Rs.73.70 per litre of 11 March as international oil prices slipped further due to the ongoing price war between Russia and Saudi Arabia and the outbreak of coronavirus. The rates closed the week at Rs.72.97 per litre with the overall performance showing a decline of 2.88%.

    March – Week 3 (15 - 21):

    • Petrol price in Kerala stood at Rs.73.39 per litre on the 15th of March. Prices kept slumping on the next few days.
    • Petrol closed the week at Rs.72.97 per litre. In the international oil market, oil prices fluctuated due to the coronavirus pandemic.
    • The overall performance of petrol in Kerala was -2.88%, trending downwards.

    March – Week 4(22-31):

    • Petrol price in Kerala stood at Rs.72.97 per litre on the 22nd of March, unchanged from its previous day’s closing price.
    • Petrol closed the week at Rs.72.97 per litre after state-run oil marketing companies decided not to lower the price further. In the international oil market, oil prices fluctuated due to the coronavirus pandemic, diminishing the demand of the oil.
    • The overall performance of petrol in Kerala was -2.88%, trending downwards.

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

    Parameters Rates/litre
    1st February Rs.76.53
    29th February Rs.75.29
    Highest Rate in February Rs.76.53
    Lowest Rate in February Rs.75.29
    Overall Performance Decline
    Percentage Change -1.62%

    February – Week 1 (1 – 7):

    • Petrol price in Kerala stood at Rs.76.53 per litre on the 1st of February, unchanged from its previous day’s closing price. In the international oil market, there’s been a squeeze on oil demand owing to China’s fast spreading coronavirus.
    • The state-run oil marketing companies decided to cut petrol rates further. Petrol closed the week at Rs.76?per litre.
    • The overall performance of petrol in Kerala was -0.69%, trending downwards.

    February – Week 2 (8 - 14):

    • Petrol price in Kerala stood at Rs.75.77 per litre on the 8th of February, trending a bit lower compared to its previous day’s closing price.
    • In the next few days, the state-run oil marketing companies decided to cut petrol rates further. Petrol closed the week at Rs.71.94 per litre, its lowest recorded price for the month.
    • The overall performance of petrol in Kerala was -1.55%, trending downwards.

    February – Week 3 (15 - 21):

    • In Kerala, petrol prices opened the third week of February at Rs.75.34 per litre. When compared to the previous week’s closing price there was no change in the rates.
    • Oil Marketing Companies (OMCs) kept the rates unchanged for the next couple of days in the state. However, the rates fell by 5 paise for every litre on 18 February and was retailed for Rs.76.53 per litre.
    • Petrol rate closed the penultimate week of February at Rs.75.29, the lowest recorded price for the month till date. The overall performance of petrol in Kerala was -1.62%, trending downwards.

    February – Week 4 (22 - 29):

    • Petrol price in Kerala stood at Rs.at Rs.75.29 per litre on the 22nd of February, unchanged from the previous day’s closing price.
    • Petrol prices increased a bit for the next couple of days before dropping back to Rs.75.29 per litre, its lowest recorded price for the month of February.
    • The overall performance of petrol in Kerala was -1.62%, trending downwards.

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

    Parameters Rates/litre
    1st January Rs.78.56
    31st January Rs.76.67
    Highest Rate in January Rs.79.47
    Lowest Rate in January Rs.76.67
    Overall Performance Decline
    Percentage Change -2.40%

    January – Week 1 (1 – 7):

    • The price of petrol opened at the rate of Rs.77.69 per litre in Kerala for the first week of January 2020. The price of the fuel carried forward the same rate at which it closed on the previous day, i.e. 31st December 2019. For the rest of the week, the price of the fuel increased steadily.
    • There was a hike of more than 2% in the price of Brent crude oil in the international market. The main reason behind this hike was the threat from the US President Donald Trump to impose curbs on Iraq in the light of the recent war-like situation in the Middle East.
    • In Kerala, the price of petrol came to a close for the first week of January 2020 at the rate of Rs.78.43 which was the highest recorded rate of the fuel for the week. Based on the opening and the closing rates of the fuel in Kerala, the overall performance of petrol witnessed a percentage change of +0.94%.

    January – Week 2 (8-14):

    • In Kerala, petrol opened the second week of January at Rs.79.20 per litre. The rates charged for a litre in the state saw a drop of 10 paise when compared to the previous week’s closing price.
    • Due to the turmoil in global oil markets because of the standoff between the United States and Iran, the rates were on the upward curve over the next few days. The spike in the prices saw diesel touch its highest price for the month till date on 11 January with every litre costing Rs.79.47.
    • The rates of petrol closed the week at Rs.79.16 per litre in the southern state after the prices fell as the tensions between the countries eased. The overall performance of the fuel showed an incline of 0.76% and was trending upwards.

    January – Week 3 (15-21):

    • Petrol price in Kerala opened at Rs.79.16 per litre on the 15th on January, unchanged from the previous day’s closing price. However, prices dropped on the following days.
    • Petrol stood at Rs.78.53 per litre on the 19th of January, marking a gradual drop from its opening day’s price.
    • Petrol rate dropped further, closing the week at Rs.78.26 per litre as state-run oil marketing companies decided to slash rates, thereby its lowest recorded price for the month of January 2020. Overall performance of petrol in Kerala was –0.38%, trending downwards.

    January – Week 4 (22-28):

    • Petrol price in Kerala stood at Rs.78.26 per litre on January 20. There was no change in the prices of the fuel when compared to the previous week’s closing price.
    • The rates of the fuel slipped in the state given the fear that the demand of global oil will fall because of the impact of coronavirus on Chinese economy. Petrol prices declined by Rs.1.26 per litre since the start of the week in the state.
    • In Kerala, petrol closed the week at Rs.77 per litre. This was the lowest recorded price of petrol for the month till date. The overall performance of the fuel in the state was -1.98%, trending downwards.

    January – Week 5 (29-31):

    • Petrol price in Kerala stood at Rs.77 per litre on the 29th of January, unchanged from its previous day’s closing price. Prices fluctuated in the international market owing to coronavirus and its effect on the Chinese economy.
    • Petrol closed the month at Rs.76.67 per litre, its lowest recorded price for the month of January.
    • The overall performance of petrol in Delhi was -2.40%, trending downwards.

    Trends in Petrol Prices in Kerala

    Let’s consider the three major cities of Kerala for analyzing trends. In Trivandrum, the average price of petrol was Rs.72.18 between 10 October 2017 and 16 October 2017. In Kozhikode, between 10 October 2017 and 16 October 2017, the average rate of petrol was Rs.72.11. For the same period, the average cost of petrol in Kottayam was Rs.72.14. The average price was almost the same across the three major cities in Kerala.

    Petrol Prices in Kerala and other States

    Between 10 October 2017 and 16 October 2017, the average price of petrol in Kerala was Rs.72.14, which was the consolidated average of the three major cities the state. The average cost of petrol in Karnataka for the same tenure was Rs.69.46. In Maharashtra, it was Rs.75.92. The petrol rate in Mumbai was high compared to other states.

    What is the Mechanism used to Determine the Cost of Petrol in Kerala?

    The daily revision is currently in practice throughout the state since 16 June 2017. The daily revision is also called ‘dynamic fuel pricing.’ Before 16 June 2017, fuel rates in Kerala used to be revised twice a month, which is on the sixteenth and first of every month. The fortnightly-based revision was used by all state-run oil marketing companies for the last 15 years.

    The daily revision plays a significant role in transmitting the volatility of the exchange rate and worldwide crude oil prices instantly to petrol customers. The exchange rate and the price of crude oil are highly volatile in nature. They tend to change regularly. Since the petrol price is revised on a daily basis under the new system, market-determined prices can be immediately shifted to consumers. This is the biggest advantage of dynamic fuel pricing.

    The daily revision has been in practice in developed economies such as the United State of America (USA) and Australia. The Government of India has adopted the new system in order to bring transparency in fuel pricing and encourage the best inventory management practices. Petrol prices in Kerala once revised at 06:00 a.m. every day will be made available to customers.

    Quarterly Petrol Price Trend in Kerala between January and March 2019

    January February March
    Opening date price Rs.71.98/litre Rs.74.16/litre Rs.75.09/litre
    Closing date price Rs.74.38/litre Rs.74.98/litre Rs.76.11/litre
    Highest price Rs.74.56/litre recorded between 22nd and 28th Rs.74.98/litre recorded on 28th Rs.76.17/litre recorded on 24th, 25th, 26th and 27th
    Lowest Price Rs.71.66/litre recorded on 4th, 5th and 6th Rs.73.54/litre recorded on 11th, 12th and 13th Rs.75.09/litre recorded on 1st, 2nd and 3rd
    Trend Upward Upward Upward
    % Change 3.33% 1.10% 1.35%

    Quarterly Petrol Price Trend in Kerala Between October and December 2018

    October November December
    Opening date price Rs.87.20 a litre Rs.82.71 a litre Rs.75.84 a litre
    Closing date price Rs.82.89 a litre Rs.76.20 a litre Rs.71.98 a litre
    Highest price Rs.87.45 a litre booked on the 4 October 2018 Rs.82.71 a litre booked on the 1 November 2018 Rs.75.84 a litre booked on the 1 December 2018
    Lowest Price Rs.82.89 a litre booked on the 30 and 31 October 2018 Rs.76.20 a litre booked on the 30 November 2018 Rs.71.98 a litre booked on the 31 December 2018
    Trend Downward Downward Downward
    % Change -4.95% -7.87% -5.09%

    Petrol Price Trend in Kerala Between October and December 2018

    • Fuel prices in India are based on the 14-day average rate of crude oil in the international market and the exchange rate of the rupee over the US dollar.
    • Rates are revised daily by State-run oil companies in India and are updated at 6:00 am every day. On 1 October, the petrol price in Kerala stood at Rs.87.20 per litre.
    • Petrol prices were on record highs due to the rising crude oil prices in the market triggered by the trade war between the US and China as well as after the US pulled of the Iran nuclear deal.
    • Prices touched the highest for the month when a litre was sold at Rs.87.45 per litre on 4 October prompting the Centre to cut excise duty of Rs.1.50 per litre and asked oil firms to further subsidise Rs.1 per litre.
    • By the end of the month, petrol prices in Kerala declined to Rs.82.89 per litre on 30 and 31 October, dropping by 4.95% over the opening price of the month.
    • On 1 November, the petrol rate in Kerala stood at Rs.82.71 per litre – the highest price recorded for the month.
    • There was a marginal decline in oil prices in the global market which prompted oil firms to pass on the reduction to consumers.
    • On 30 October, the lowest petrol price in Kerala was recorded for the month when a litre was available at Rs.76.20 per litre.
    • Overall, the petrol price trend in Kerala for the month declined significantly by 7.87% influenced by the drop in crude oil prices and a slight appreciation of the Indian currency over the US dollar.
    • In December, petrol was priced Rs.75.84 per litre on the first day of the month. This was also the highest price registered during the month.
    • With the geopolitical tension on the decline, the global crude oil price dropped significantly from $80 per barrel early October to $56 per barrel late December.
    • This prompted petrol prices in Kerala to drop to Rs.71.98 per litre on 31 December – the lowest rate recorded during the month.
    • The petrol price trend in Kerala in December fell by 5.09% mainly attributed to the massive decline in crude oil price coupled with the appreciation of the rupee over the US dollar.

    Quarterly Petrol Price Trend in Kerala between July and September 2018

    July August September
    Opening date price Rs.78.39 a litre Rs.79.23 a litre Rs.82.14 a litre
    Closing date price Rs.79.52 a litre Rs.81.85 a litre Rs.87.05 a litre
    Highest price Rs.80.16 a litre recorded on the 14th Rs.81.85 a litre recorded on the 31st Rs.87.05 a litre recorded on the 30th
    Lowest Price Rs.78.39 a litre recorded on the 1st Rs.79.23 a litre recorded on the 1st Rs.82.14 a litre recorded on the 1st
    Trend Upward Upward Upward
    % Change +1.42% +3.20% +5.64%

    Petrol Price Trend in Kerala in July 2018

    • Petrol prices in India are revised on a daily basis under the dynamic fuel pricing mechanism, which is updated by State-run oil companies.
    • Oil companies base the global crude oil price and the exchange rate of rupee over the U.S. dollar, making both these factors significant in fixing the retail selling price of petrol in Kerala as well as other states.
    • On the 1st of July, the petrol price in Thiruvananthapuram - the capital of Kerala - stood at Rs.78.39 per litre, the lowest price for the month.
    • Petrol prices during the first week rose to touch Rs.78.81 per litre but dropped to Rs.78.53 by the 6th, post which it continued to incline to touch the highest price of Rs.80.16 per litre on the 14th.
    • After touching a high, petrol prices declined over the course of third and fourth weeks and by the end of the month, a litre of petrol in Kerala stood at Rs.79.30.
    • In the month of July, petrol prices witnessed an upward trend of 1.42% influenced by the fluctuations in the global crude oil price and the exchange rate of rupee over the U.S. dollar.

    Petrol Price Trend in Kerala in August 2018

    • Oil companies cut the petrol price in Kerala by 7 paise on the 1st of August as a litre of petrol was sold at Rs.79.23 as per the dynamic fuel pricing mechanism - the lowest petrol price in August in Kerala.
    • Petrol prices during the first and second week continued to rise with no respite to consumers as the global crude oil price moved upwards.
    • Despite the significant rise in petrol prices in the country, there was no cut in taxes either from the State or the Centre and oil companies continued to absorb any decline in oil prices instead of passing it on to consumers.
    • The upward trend was witnessed during third and fourth weeks as well with petrol prices touching record highs.
    • By the end of the month, the highest petrol price in August was recorded at Rs.81.85 per litre on the 31st of the month.
    • Overall, petrol prices in Kerala during the month rose by 3.20% compared to the opening price of the month. The rise in prices is attributed to the increase in oil prices in the international market due to geopolitical tensions.

    Petrol Price Trend in Kerala in September 2018

    • A litre of petrol in Kerala on the 1st of September stood at Rs.82.14, up by 39 paise over the previous day’s price, this was also the lowest price for the month.
    • The geopolitical tensions of a possible trade war between the U.S. and China led the oil price to rise significantly in September.
    • Per barrel of crude oil was trading in bourses at $80 - a four-year high, which prompted petrol prices in Kerala and other states to incline considerably.
    • Along with the rise in crude oil prices, the rupee declined to its all-time low with the exchange rate touching Rs.72 against the dollar.
    • Petrol prices continued to breach new records with relentless hikes by oil companies across the country.
    • Except for certain states such as Rajasthan, Karnataka, West Bengal and Andhra Pradesh, no other states nor the Central government reduced any form of taxes which kept petrol prices on record highs.
    • The highest petrol price recorded for the month stood at Rs.87.05 per litre, up by nearly Rs.4 per litre when compared to the opening price of the month.
    • Petrol price trend in Kerala in September was upward and grew significantly by 5.64% impacted by high crude oil prices and the fall in exchange rate of the rupee.

    Quarterly Petrol Price Trend in Kerala Between April and June 2018

    April May June
    Opening date price Rs.77.67 per litre Rs.78.61 per litre Rs.81.48 per litre
    Closing date price Rs.78.61 per litre Rs.82.58 per litre Rs.78.63 per litre
    Highest price Rs.78.65 per litre recorded on 24th Rs.82.66 per litre recorded on 29th Rs.81.48 per litre recorded on 1st
    Lowest price Rs.77.67 per litre recorded on 1st Rs.78.61 per litre recorded from 1st to 11th Rs.78.63 per litre recorded from 27th to 30th
    Trend Upward Upward Downward
    %Change +1.21% +5.05% -3.50%

    Petrol Price Trend in Kerala in April 2018

    • On the 1st of the month, the petrol price in Thiruvananthapuram, the capital city of Kerala, stood at Rs.77.67 per litre. Fuel prices in Kerala and other states in India are revised on a daily basis under the ‘Dynamic Fuel Pricing’ mechanism. This price is also the lowest recorded cost of petrol in Kerala for the month.
    • Petrol prices in Kerala for the next two weeks rose marginally by as much as 29 paise per litre compared to the opening date price. Fuel prices are revised according to the global crude oil prices by state-run oil marketing companies (OMCs).
    • The slight increase in petrol price is attributed to the marginal increase in the international crude oil prices.
    • By the end of the month, petrol prices increased by as much as 1.21% compared to the opening price of petrol in the state of Kerala.
    • The incline in petrol prices is largely attributed to the increase in the crude oil prices which is sold in barrels in the global market.

    Petrol Price Trend in Kerala in May 2018

    • OMCs didn’t revise the petrol price in Kerala till the 11th of the month due to the 2018 Karnataka Assembly Election which was held on the 11th.
    • The petrol price in Kerala on the 1st stood at Rs.78.61 per litre which continued till the 11th similar to other cities in the country. This was also the lowest petrol price in the state for the month.
    • With the Karnataka State Assembly concluded, fuel companies began the exercise of revising petrol prices across the country.
    • Petrol prices in Kerala and across the country started increasing sharply as the global crude oil price touched $80 per barrel which led to the higher price of the fuel.
    • On 29th May 2018, the petrol price in Kerala touched an all-time high of Rs.82.66 per litre much to the dismay of consumers across the country.
    • The rise on global crude oil rates is attributed to geopolitical fears as the US administration decided to pull out of the nuclear deal with Iran. With the backdrop of a possible shortage in supply of crude oil from Iran, the cost of crude oil rose sharply.
    • Petrol prices in Kerala during the month reflected a rise of 5.05% overall mainly impacted by the rise in the price of crude oil in the international market.

    Petrol Price Trend in Kerala in June 2018

    • After touching an all-time high, the petrol price in Kerala in the 1st declined slightly with the price of crude oil relenting much to the relief of customers.
    • During the first few days, petrol prices in Kerala remained steady with the prices falling below Rs.80 mark on the 11th.
    • Crude oil rates fell by 1% and oil companies began reducing the petrol price in cities across the country including Kerala.
    • From a high of $80 per barrel, oil prices began to decline to post $73.50 during the second week of the month.
    • The Organisation of Petroleum Exporting Countries (OPEC) met on 22 June 2018 to decide on the future course of action against the sharp incline in crude oil rates. The OPEC along with its key ally Russia agreed to increase the output slightly to address the concern of the rising fuel prices.
    • With the global crude oil price on the decline, the petrol price trend in Kerala reflected a downward trajectory at 3.50%. The decline in petrol prices is largely due to the fall in the global crude oil prices as the OPEC decided to increase the output marginally.

    Trend in Petrol Price in Kerala between January 2018 and March 2018

    January February March
    Opening date price Rs.73.77 a litre Rs.76.97 a litre Rs.75.43 a litre
    Closing date price Rs.76.83 a litre Rs.75.37 a litre Rs.77.49 a litre
    Highest price Rs.76.83 a litre booked on 30 Rs.77.31 a litre booked on 6 Rs.77.49 a litre booked on 29
    Lowest price Rs.73.77 a litre booked on 1 Rs.75.36 a litre booked on 5 Rs.75.43 a litre booked on 1
    Trend Increasing Decreasing Increasing
    % Change 3.98% up 2.12% down 2.66% up
    Petrol Price Trend in Kerala

    Trend in Petrol Price in Kerala in January 2018

    • The fuel prices in all parts of Kerala have broken their historical highs, including its capital city at the beginning of the month. HPCL, BPCL and IOC have declared an average fuel price of Rs.73.77 a litre on 01 in tandem with the overseas influencers.
    • Globally, crude oil gained demand and thus, oil-producing countries have slightly accelerated the price of WTI and Brent Crude oil.
    • As a result, the fuel prices have been on a rise steadily during the third week and the fourth week. They have accelerated to Rs.74.9 a litre on 14 and Rs.75.96 a litre on 21. The growth rate was 1.41%.
    • The fuel companies extended to enhance the rates under dynamic fuel pricing during the last week in sync the price influencers.
    • On 22,23,24,25,26,27,28, at IOC, petrol was valued at Rs.76.12 a litre, Rs.76.27 a litre, Rs.76.32 a litre, Rs.76.39 a litre, Rs.76.53 a litre, Rs.76.63 a litre and Rs.76.68 a litre respectively.
    • The fuel climbed to its highest price at Rs.76.83 a litre on 30 and 31. This month the crude oil rate was up in excess of $5 per barrel. However, the fuel has gained its price 3.98%.

    Trend in Petrol Price in Kerala in February 2018

    • Oil exporting countries have experienced a steady growth in the demand for unrefined oil during the first 5-7 days. They have not reduced the price.
    • In the end, the OMCs have begun increasing the RSP of petrol. Thus, the highest rate was offered on 06 at Rs.77.31 a litre.
    • Over the next 15 days, the crude oil’s cost was down almost Rs.1 per barrel. Therefore, fuel prices dropped to Rs.70 per litre on 15.
    • Even though the Union Budget was proposed this month, the whole oil and natural gas industry was left unaffected.
    • The falling trend continued even during the third week. The closing price of the week was Rs.68.98 a litre, which is inclusive of excise duty and VAT.
    • The closing date price was Rs.75.37 a litre and was down 2.12% compared to the opening date price.
    • In this month, no other factors have impacted the fuel rate except the crude oil price of Indian Basket, which declined to $63.54 a barrel.
    • To some extent, a reasonable hike in the USD value has impacted the fall in the fuel price in all cities of Kerala. On 1, the USD/INR was Rs.63.95 and increased to Rs.65.22 on 28. There is a major change that should be accounted for.

    Trend in Petrol Price in Kerala in March 2018

    • The petrol price as on the opening date was up 06 paise to Rs.75.43 a litre. On 2, it reached to Rs.75.62 a litre and was revised at Rs.75.88 a litre on 3.
    • The USD/INR currency conversion ratio depreciated 0.29% on 5, 0.19% on 6 and 0.04% on 7. Unrefined oil gained its price to $62.83 a barrel.
    • Therefore, the OMCs have enhanced the petrol rate on 2, 3,4,5,6 and 7 continually. The fuel was offered at Rs.76.28 a litre at OIC. The same offer even made by HPCL and BPCL at the end of the week 1.
    • On 14, the fuel was retailed at a price of Rs.76.37 a litre, which was up 09 paise compared to the price recorded on 7.
    • The crude oil’s demand was stable until the completion of the month, which registered the unrefined oil price of $63.80 a barrel.
    • The variations in the cost price crude oil should only be accounted for a price upsurge of 2.66% and pushed the petrol price to Rs.77.49 a litre on the second last day.

    Note: Crude oil can be of two categories, which include 1) Brent Crude Oil and 2) WTC Crude Oil. In India, the Central Government takes into account the combined price of these two forms to make the required changes.

    Computation of Petrol Prices in Kerala

    Petrol rates in Kerala are assessed in the following steps:

    Step 1: Calculation of the Crude Oil Price

    Overseas oil-producing companies sell unrefined oil to Indian oil marketing companies (OMCs) at benchmark rates. The present price of a barrel, which is equivalent to 159 litres, of crude oil is $49 in global markets. Therefore, the cost of a litre of crude oil is computed by converting US dollars into Indian rupees and then divided by 159. The cost of crude oil also includes freight charges paid by oil marketing companies.

    Step 2: Calculation of Refinery Expenses

    Upon importing crude oil from overseas oil companies, Indian oil marketing companies will shift crude oil to refineries for further processing. Crude oil is then clustered into several products such as diesel, coal tar, and petrol in distillation towers of these refineries. The cost that is incurred to convert crude oil into petrol is called refinery cost, which is added to the cost of crude oil. Moreover, crude custom levies and charges from ports to refineries are added.

    Step 3: Other Cost Elements

    Clustered petrol is now ready to be stockpiled in the stowage reservoirs of oil marketing companies. The actual rate of petrol, which is paid by end consumers, consists of all the aforementioned costs plus the commission charged by dealers, excise duty, value added tax (VAT), and total duties. In other words, the petrol price is the cost price that consists refining, procuring, marketing, the excise duty, and state taxes.

    Factors affecting Petrol Prices in Kerala

    The following factors affect petrol prices in Kerala:

    • Cost of Crude Oil
    • The cost of crude oil influences the retail selling price of petrol. If it increases, the retail selling price will increase; if it decreases, the retail selling price will decrease. The cost of crude oil is influenced by many factors such as seasonal variations, weather reports, overseas demands and supplies, the capabilities of refineries, and political stability or instability in oil-producing countries.

    • Exchange Rate
    • The exchange rate of the Indian currency to the base currency also has a direct impact on the cost of crude oil. For example, if the INR falls against the USD, the buying cost of crude oil in Indian rupees will rise. Similarly, if the USD falls against the INR, the cost of crude oil in Indian rupees will decrease.

    • Excise Duty and VAT
    • Petrol is taxed by the central and state governments. The cost price of petrol will increase if the percentage of tax imposed by both the governments increase. Similarly, the cost price of petrol will fall when the percentage of tax levied by both the governments decrease. On 4 October 2017, the central excise duty was reduced by Rs.2 by the central government. After the revision, the petrol rate in Kerala was reduced to Rs.72 from Rs.74.

    Impact of GST on Petrol Rates in Kerala

    The Goods and Services Tax (GST) was implemented in India in July 2017. It is the biggest tax reform since independence. Under the regime of GST, all classes of goods and services are taxed primarily under four slabs: 5%, 12%, 18%, and 28%. Petroleum products such as jet fuel, diesel, natural gas, and petrol have not been included in the regime of GST. So, GST does not impact fuel rates in Kerala including petrol and diesel. If GST is levied on petrol even at the highest rate of 28%, the tax outgo will be lesser.

    Also Check Petrol Price in NearBy Cities of Kerala

    Petrol price in Kerala FAQs

    1. Is the price of petrol revised every day in Kerala?

      Yes, the price of petrol is revised every day in the state.

    2. Do state-run oil companies revise the rates as per the dynamic pricing scheme?

      Yes, state-run oil companies revise the price of petrol in Kerala as per the dynamic pricing scheme.

    3. How was the overall performance of petrol in the state for the month of September?

      The overall performance of petrol in the state for the month of September was one of incline.

    4. From what time are the new rates effective?

      The new rates are effective from 6 a.m. onwards.

    5. On what factors is the price of petrol revised in Kerala?

      The price of petrol is revised in the state after taking into account international oil rates and rupee – US dollar exchange rate.

    Apply For A Fuel Credit Card – Reduce Your Petrol Expenses

    *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 Kerala Today

    • Petrol prices unchanged across the four metros for 26 consecutive days

      OMCs that are run by the state did not make any changes to the prices of petrol across the four metros in India on 3 January 2021. Petrol rates have not been changed across the four metros for 26 days in a row. Petrol prices are revised by OMCs on a daily basis. Since the country imports around 83% of its crude requirements, the prices of petrol depend on the value of the rupee against the dollar and the crude oil prices in the international markets. The updated petrol rates in Kolkata, Chennai, Mumbai, and Delhi are at Rs.85.19, Rs.86.51, Rs.90.34, and Rs.83.71 for a litre, respectively.

      3 January 2021

    • OMCs do not make any changes to the petrol rates in Delhi on 16 November 2020

      OMCs that are run by the state did not make any changes to the prices of petrol in the national capital on 16 November 2020. Petrol rates have not been changes in Delhi and most other cities for around 7 weeks. Petrol prices are different in every state due to local taxes. The updated prices of petrol in Delhi, Mumbai, Chennai, and Kolkata are at Rs.81.06, Rs.87.74, Rs.84.14, and Rs.82.59 for a litre, respectively. Since India imports more than 80% of its crude requirements, the value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of petrol in the country.

      17 November 2020

    • Petrol rates see no change for seventh consecutive day

      State-run Oil Marketing Companies on Monday kept the rates of petrol constant for the seventh consecutive day. Following the daily revision in the rates, a litre of petrol was retailed for Rs.80.43 in the national capital. In the other three metropolitan cities like Mumbai, Kolkata, and Chennai, OMCs charged Rs.87.19, Rs.82.10, and Rs.77.72 for a litre. In non-metropolitan cities like Noida and Gurugram the cost of a litre was Rs.81.08 and Rs.78.64 respectively. It must be noted that since June 7, the rate of petrol has gone by Rs.9.17 or 13 percent. This is a record high since diesel rates were deregulated in October 2014.

      India, which imports 80 percent of its total crude requirements revised the rates of fuel as per the dynamic pricing scheme which was adopted in June 2017. As per the mechanism, the rates are dependent on international oil rates and value of rupee against the US dollar.

      6 July 2020

    • Petrol prices remain stable across the major cities on 4 June 2020

      Oil marketing companies that are operated by the state did not make any changes to the prices of petrol across the major cities in India on 4 June 2020. The prices of petrol are expected to increase over the coming days due to a hike in VAT.

      In Delhi, the price of petrol remained the same as yesterday and is at Rs.71.26 for a litre. Petrol prices are the cheapest in Delhi when compared to most state capitals and all the metros because of lower taxes. The base price of petrol has not been changed since 16 March 2020 even though the prices of Brent crude oil have fallen significantly. According to the details available on the official website of Indian Oil Corporation, the prices of petrol in Hyderabad, Chennai, and Mumbai remained the same as well when compared to 3 June 2020. The updated prices of petrol in Hyderabad, Chennai, and Mumbai are at Rs.73.07, Rs.75.54, and Rs.76.32 for a litre, respectively. Since more than 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the global markets play a huge in determining the prices of petrol in the country. The demand for petrol has reduced drastically in India over the last two months because of the coronavirus outbreak and the subsequent lockdown.

      4 June 2020

    • Petrol prices reduced by up to 17 paise on 16 March 2020

      Oil marketing companies that are managed by the state reduced the prices of petrol by up to 17 paise across the major cities in India on 16 March 2020. Fuel prices were reduced by 12-14 paise on 15 March 2020.

      As per the data available on the official website of Indian Oil Corporation, the price of petrol in Delhi was reduced by 16 paise and is at Rs.69.59 for a litre. So far in March, the price of petrol in the National Capital Region has been reduced by Rs.2.12. The price of petrol is the cheapest in Delhi when compared to all the metros and most state capitals because of lower taxes. In Chennai, the price of petrol was reduced by 16 paise and is at Rs.72.45 for a litre. The prices of petrol in Mumbai and Kolkata were reduced by 15 paise and are at Rs.72.29 and Rs.75.30 for a litre, respectively. On 14 March 2020, the excise duty on petrol was increased by Rs.3 for litre in order to improve the revenue at a time when the economy is in a slowdown. Since around 83% of India’s crude requirements are imported, the value of the rupee against the dollar and crude oil prices in the international market affects the prices of petrol in the country. On 13 March 2020, the value of the rupee improved by 48 paise against the dollar and was at Rs.73.80.

      16 March 2020

    • No changes made to the prices of petrol on 5 February 2020

      Oil marketing companies that are run by the state did not make any changes to the prices of petrol across the major cities in India on 5 February 2020. This is the second day in a row that no changes have been made.

      The price of petrol in Delhi is the same when compared to 4 February 2020 and is at Rs.72.98 for a litre. It is worth noting that the prices of petrol in the national capital are cheapest when compared to all metros and most state capitals because of lower taxes. Since around 84% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international market play a vital role in affecting the prices of petrol. On 4 February 2020, the value of the rupee increased by 13 paise against the dollar and touched Rs.71.25. According to the details available on the official website of Indian Oil Corporation, the prices of petrol in Kolkata, Mumbai, Chennai, Gurugram, and Noida remained the same as well when compared to 4 February 2020. The updated prices of petrol in Kolkata, Mumbai, Chennai, Gurugram, and Noida are at Rs.75.65, Rs.78.63, Rs.75.83, Rs.72.89, and Rs.74.69 for a litre, respectively. Brent crude oil futures prices in the international market increased by 0.8% and were trading at $54.40 for a barrel.

      5 February 2020

    • Sharpest Rise Recorded in Diesel, Petrol Prices on Wednesday

      The retail prices of diesel and petrol recorded on Wednesday, September 18, was the sharpest increase recorded since the Union Budget came out on 5 July. Oil marketing companies controlled by the state increased the price of petrol by 25 to 27 paisa per litre, and the price of diesel rose by 24 to 26 paisa per litre in the 4 major cities in India. Following the revision of rates, petrol prices in Delhi were recorded at Rs.72.42 per litre, marking an increase of 25 paisa from Rs.72.17 per litre on the previous day. With regards to diesel, the price per litre on Tuesday was Rs.65.58, marking an increase of 24 paisa in comparison with the Rs.65.82 recorded on Tuesday, according to data released by the website of the Indian Oil Corporation.

      It is important to note that the prices of diesel and petrol at petrol pumps in Delhi are lower than in other metros as well as most of the state capitals in the country. The reason for this is lower taxes. Fuel retailers on Tuesday increased diesel prices by 15 paisa and petrol prices by 14 paisa across India. Those who wish to purchase fuel in Mumbai will have to spend Rs.78.10 per litre of petrol and Rs.69.04 per litre of diesel. Petrol prices in Chennai also rose by 27 paisa to Rs.75.26 litre, having gone for Rs.74.99 per litre on Tuesday. Prices in Kolkata stand at Rs.75.14 per litre of petrol and Rs.68.23 per litre of diesel.

      18 September 2019

    • Crude Oil Prices Incline Amid Gulf of Mexico Storm and Middle East Tensions

      Crude oil prices inclined on Friday as US oil producers in the Gulf of Mexico reduced more than half their production amid a tropical storm and the ongoing tensions in the Middle East. International benchmark, Brent Crude futures rose by 0.6% or 37 cents at $66.89 per barrel by 0115 GMT. Brent crude futures closed 0.7% down on Thursday after touching its highest since 30 May at $67.52 per barrel. US West Texas Intermediate (WTI) crude futures inclined by 0.6% or 34 cents at $60.54 a barrel. WTI closed 0.38% down on Thursday after touching its highest since 23 May at $60.94 per barrel. By Thursday, US oil producers in the Gulf of Mexico had reduced more than 1 million barrels per day (bpd) of production, or 53% of the regions output, due to Tropical Storm Barry. US crude stockpiles have declined for four consecutive weeks. US crude stocks declined by 9.5 million barrels in the week to 5 July, a decline that was more than triple the 3.1 million-barrel draw expected by analysts.

      Meanwhile, Iran’s alleged attempt to block a British oil tanker increased tensions in the Middle East as well as due to the shooting down of a US military drone by Iran in June. However, a lower 2020 oil demand outlook from the Organisation of Petroleum Exporting Countries (OPEC) kept oil prices incline on check. OPEC said the world would require 29.27 million bpd of crude from its 14 member countries in 2020, down by 1.34 million bpd this year.

      15 July 2019

    • Every litre of Diesel Retailed for Rs.63.84 in the National Capital

      State-run Oil Marketing Companies (OMCs) on Tuesday decided to keep the rates of diesel unchanged in the country. This was second consecutive day in the country when the prices were not hiked or cut. The rates of fuel in the country are revised on a daily basis after state-owned Oil Marketing Companies (OMCs) adopted the dynamic pricing scheme in June 2017. Consumers residing in the four metropolitan cities i.e., New Delhi, Mumbai, Kolkata, and Chennai were required to pay Rs.63.84, Rs.66.93, Rs.65.76, and Rs.67.52 respectively for a litre of diesel. In non-metropolitan cities of the country like Noida and Gurugram every litre of diesel cost Rs.63.32 and Rs.63.42 respectively.

      In the international oil market, crude oil prices dropped after more indications emerged that global economic was being hit by the trade tensions between US and China. The futures of Brent crude oil were down by 16 cents or 0.3% from their last close to be trading at $60.78 per barrel. It needs to be mentioned here that the rates of fuel in the country have been on a downward trend since May 29. The retail prices of diesel have dropped by Rs.2.52 per litre this month.

      20 June 2019

    • Petrol Prices cut by 8 - 9 paise

      The rates of petrol were slashed by Oil Marketing Companies (OMCs) on Friday. Following Friday’s revision of prices, petrol rates were cut by 8-9 paise across the four metropolitan cities of the country. In the national capital of the country, every litre of petrol was retailed for Rs.71.10 while in Mumbai, the rates charged were Rs.76.71. In Kolkata and Chennai, the price charged for Rs.73.17 and Rs.73.79 per litre respectively. OMCs cut the rates of petrol by 8 paise in New Delhi, Mumbai, and Kolkata while in Chennai the rates were cut by 9 paise.

      In the international oil market, crude prices went up on Friday. The futures of Brent crude oil were up by 38 cents from their last close to be trading at $73 per barrel. It needs to be mentioned here that the rates of fuel are dependent on global crude prices and the value of rupee against the dollar as the country imports 80% of the total crude requirements.

      21 May 2019

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

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