Petrol Price In Kolkata Today

  • Today's Petrol Price in Kolkata( 21 Oct 2019 )
    ₹ 75.97
    Current Petrol Price Per Litre
    Compare Petrol Price in Kolkata (Today & Yesterday)
    Today
    (21 Oct 2019)
    Yesterday
    (20 Oct 2019)
    Rate Change
    Petrol ( / litre) ₹ 75.97 ₹ 75.97 ₹ 0 ↑
    Petrol Price in Kolkata - Last 10 Days Data
    Date Petrol ( / litre)
    21 Oct 2019 ₹ 75.97
    20 Oct 2019 ₹ 75.97
    19 Oct 2019 ₹ 75.97
    18 Oct 2019 ₹ 75.97
    17 Oct 2019 ₹ 75.97
    16 Oct 2019 ₹ 75.97
    15 Oct 2019 ₹ 75.97
    14 Oct 2019 ₹ 76.02
    13 Oct 2019 ₹ 76.02
    12 Oct 2019 ₹ 76.02

    Petrol Rate Trend in Kolkata

    • 7 Days
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    • 3 Months
    • 6 Months

    Petrol Rate in Kolkata:

    Petrol price in Kolkata is the third highest among the five other metro cities in India.

    The capital city of Indian state of West Bengal, Kolkata is one of the metropolitan cities in India. It is the main commercial and financial hub of North-East and East India.

    With a population of more than 14 million people, the city is a third populous metropolitan city in India. The city has less number of private vehicles on road compared to other metros as most of the city’s population relies on public transport such as Kolkata Suburban Railway, Kolkata Metro, buses, and trams.

    Just like in other cities, most of the petrol pumps in Kolkata are owned by the state-owned oil companies including Bharat Petroleum (BP), Hindustan Petroleum (HP), and Indian Oil (IOCL). Shell, Reliance, Essar are the private players.

    Indian Oil operates more than 40 petrol pumps in Kolkata, BP has more than 70, and HP operates more than 50 fuel stations in the city.

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

    Parameters Rates/litre
    1st September  Rs.74.68
    30th September Rs.77.08
    Highest Rate in September Rs.77.08
    Lowest Rate in September Rs.74.42
    Overall Performance Incline
    Percentage Change 3.21%

    September - Week 1 (1-7):

    • Petrol prices in Kolkata opened at Rs.74.68 on 1 September. State-run Oil Marketing Companies (OMCs) kept the rates unchanged from the previous day due to low demand.
    • The prices of the fuel remained constant for the next three days before sliding by 3 paise on 5 September to cost Rs.74.65 per litre. While crude oil prices gained globally after Washington confirmed talks with Beijing in the immediate future, petrol prices slumped further.
    • The petrol rate in kolkata closed the first week of September at Rs.74.48 per litre. Petrol’s overall performance in Kolkata was -0.26%.

    September - Week 2 (8-14):

    • Petrol price in Kolkata opened at Rs.74.42 per litre on the 8th of September—unchanged from previous day’s closing price. It’s also the lowest recorded petrol price in Kolkata for the month of September till now. Meanwhile, in the international oil industry, crude futures dropped after participants reduced positions due to a weak trend in global markets.
    • Petrol rate in Kolkata remained unchanged for a day before rising slightly again on 10 September, recording Rs.74.47 per litre. The hike was primarily due to a sharp drop in US inventories.
    • The price of Petrol in kolkata kept trending upwards, closing the week at Rs.74.67 per litre. Though the overall performance of petrol was -0.01%, market forecast suggests that the prices are going to shoot up in the coming days.

    September - Week 3 (15-21):

    • Petrol price in Kolkata opened at Rs.74.73 per litre on the 15th of September—6 paise higher than the previous day’s closing price.
    • After staying stable for a day, Price of Petrol soared, recording Rs.74.87 per litre on 17 September. Meanwhile, in the international market, prices slid after Saudi Arabia’s energy minister stated the kingdom will restore lost oil production by the end of the month.
    • Petrol rate in Kolkata closed the week at Rs.76.03 per litre, its highest recorded price in the month of September. The substantial increase in petrol prices was primarily due to last week’s drone attack on Saudi Arabia’s Aramco oil refinery. The overall performance of petrol was 1.90%, trending upwards.

    September - Week 4 (22-30):

    • In Kolkata, petrol price opened at Rs.76.29 per litre on the 22nd of September. The rates were 26 paise higher than the previous day’s closing price.
    • Oil Marketing Companies continued to hike the price of petrol over the next few days due to the drone attack on Saudi Arabia’s Aramco oil refinery and geopolitical tensions. Petrol prices soared to Rs.77 per litre on September 27 before remaining constant for the next two days.
    • Petrol price in Kolkata closed the final week of September at Rs.77.08 per litre. This was the highest recorded price in the city for the month. The overall performance of petrol for September was 3.21%, trending upwards.

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

    Parameters Rates/litre
    1st August Rs.75.50
    31st August Rs.74.68
    Highest Rate in August Rs.75.50
    Lowest Rate in August Rs.74.51
    Overall Performance Decline
    Percentage Change -1.08%

    August 2019 – Week 1 (1-7):

    • Petrol price in Kolkata opened at Rs.75.50 per litre on 1 August, dropping slightly (5 paise) than the previous day’s closing price. Weak demand of the oil in the international as well as in the local market was the primary reason for the slump. Meanwhile, in the international crude oil market, crude prices dropped after the possibility of rate cuts initiated by the US Federal Reserve got squashed. However, diesel prices remained stable without undergoing any price change.
    • Petrol slumped further on the next day, trending at Rs.75.34 per litre on 2 August, marking a drop of 16 paise per litre. Prices kept trending downwards with petrol closing at Rs.74.94 per litre on 6 August. In the international oil market, crude prices slumped amid worries over weak demand of the oil after the Trump administration declared that it would impose tariffs on more Chinese imports, further fuelling the trade tension between the two countries.
    • Petrol remained unchanged from its previous day’s closing price, recording Rs.74.94 per litre on 7 August, its lowest price till now for the month of August. The overall decline in petrol price in Kolkata recorded in the first week of August is -0.74%. Meanwhile, in the international oil market, crude dropped owing to US-China trade tensions.

    August 2019 – Week 2 (8-14):

    • Petrol price in Kolkata opened at Rs.74.89 per litre on 8 August, recording a 5 paise drop from previous day’s closing price.
    • Petrol dipped further by 15 paise on the next day, standing at Rs.74.74 per litre. The dip was primarily due to the ongoing US-China trade tensions, fuelled further by Trump administration’s decision to impose more tariffs on Chinese imports. Rise in US inventories was also one of the primary reasons for the dip.
    • Petrol price in Kolkata dropped marginally in the next few days before stabilising at Rs.74.66 per litre. The overall performance compared to the opening day was -1.11% trending downwards. Meanwhile, in the international oil market, crude prices dropped due to possible supply cuts amidst looming global economic crisis.

    August 2019 – Week 3 (15-21):

    • Petrol price in Kolkata opened at Rs.74.66 per litre on 15 August, unchanged from previous day’s closing price.
    • Petrol remained stable for the next couple of days before dropping to Rs.74.58 per litre on 18 August. The slump was due to weak demand of the oil in the local market.
    • Petrol dropped further before stabilising at Rs Rs.74.51 per litre. The overall performance of petrol in Kolkata was -1.31%, trending downwards. However, in the international oil market, crude gained due to a drop in US inventories. But the gains were not that great due to sluggish growth in the global economy.

    August 2019 – Week 4 (22-31):

    • Petrol price in Kolkata opened at Rs.74.51 per litre, unchanged from previous day’s closing price. After staying stagnant for the next few days, petrol prices went up marginally, recording Rs.74.74 per litre on 26 August. In the international oil market, crude gained after US inventories recorded a substantial slump.
    • Petrol prices saw a slash of 6 paise on the next day, recording Rs.74.68 per litre. Petrol remained unchanged till the end of the week.
    • Overall, petrol’s performance in Kolkata was -1.08%, trending downwards. In the international oil market, crude slumped after concerns about the strength of US economy.

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

    Parameters Rates/litre
    1st July Rs.72.69
    28th July Rs.75.80
    Highest Rate in July Rs.75.92
    Lowest Rate in July Rs.72.69
    Overall Performance Incline
    Percentage Change 4.27%

    July 2019 – Week 1 (1-7):

    • Petrol price in Kolkata opened at Rs.72.69 per litre on 1 July, an increase of 9 paise per litre from 30 June price. The hike was primarily due to the oil marketing companies move to revise the existing rates.
    • Petrol rose further to Rs.72.80 per litre on July 6 owing to the revision in prices initiated by the oil marketing companies. The prices remained unchanged till 6 July.
    • Petrol rate in Kolkata recorded its highest price on 7 July that stood at Rs.75.20 per litre. The hike of Rs.2.40 per litre can be attributed to the Government’s decision to increase the excise duty and road and infrastructure cess on petrol by Rs.2 per litre.

    July 2019 – Week 2 (8-14):

    • Petrol was priced at Rs.75.20 per litre when the week began, similar to the previous day’s rate, which was hiked after the Union Government through the 2019 Budget announced to increase the excise duty on petrol and diesel by Rs.2 per litre to fund its social welfare schemes.
    • Prices were reduced the next day to Rs.75.17 per litre – the lowest prices recorded during the week attributed by the marginal decline in crude prices amid supply cuts led by the OPEC and its allies despite tensions in the Middle East and the ongoing trade war between the US and China.
    • By the end of the week, prices rose to touch the highest for the week when the petrol price in Kolkata stood at Rs.75.43 per litre largely due to the slight increase in crude oil prices.

    July 2019 – Week 3 (15-21):

    • The petrol price in Kolkata on 15 July stood at Rs.75.60 per litre – the lowest rate recorded during the week – largely due to the slight decline in crude oil prices amid indications that the Chinese economy is slowing down and could impact the demand from the world’s largest importer of crude.
    • Prices of petrol in the city continued to rise to touch its weekly high of Rs.75.82 per litre on 18 July and remained unchanged until 21 July despite a marginal increase in crude oil prices amid tensions in the Middle East and the slowing down of the Chinese economy.
    • Petrol prices in Kolkata during the week rose by 22 paise per litre attributed by the sharp incline in crude oil prices in the oil market after the US shot down an Iranian drone, escalating tensions in the region.

    July 2019 – Week 4 (22-28):

    • Petrol in Kolkata opened at Rs.75.82 per litre on 22 July. The price was similar to the previous day’s closing price, completely unchanged. This was possibly due to the state-run oil marketing companies deciding not to alter the fuel prices. However, the international crude oil industry recorded weaker demand due to supply cuts.
    • Petrol rose to Rs.75.92 per litre on the next day, the highest recorded price for the month of July. The hike, though marginal, could be attributed to the rapid fall of US inventories and the US Navy claiming to have shot down another Iranian drone.
    • Petrol price in Kolkata dropped soon after, closing the week at Rs.75.80 per litre. The drop was possible due to the weak demand of crude oil among investors coupled with Russia and OPEC deciding to extend supply cuts till March 2020.As per the International Energy Agency (IEA), international crude oil prices are unlikely to go up in the forthcoming days owing to a weak demand and glut in the global crude industry.

    Also Check Petrol Price in Metro Cities

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

    Parameters Rates /litre
    2nd June Rs.73.71
    30th June Rs.72.60
    Highest Rate in June Rs.73.71
    Lowest Rate in June Rs.72.17
    Overall Performance Decline-to-rise
    Percentage Change -1.51%

    June 2019 – Week 1 (2-8):

    • Petrol price in Kolkata was at Rs.73.71 per litre on 2 June 2019, down by 6 paise compared with 31 May.
    • The week saw a steady decline in the prices, with the lowest recorded price at Rs.73.16 per litre on 8 June.
    • The decline come on the back of a drop in global crude oil prices during the initial days of the week. The prices became stable towards the end of the week. The market was dull as investors were expecting a global economic slump.

    June 2019 – Week 2 (9-15):

    • On 9 June 2019, petrol price in Kolkata was the same as the previous day – Rs.73.16.
    • During the week, the price kept dropping, closing at Rs.72.23 on 15 June.
    • Crude oil prices stabilised by mid-week, on the back of expectations that OPEC will withhold supply for some more time. Globally, the demand for petrol is reducing because of the expected economic downtrend.

    June 2019 – Week 3 (16-22):

    • The week opened with Petrol price in Kolkata dropping by 6 paise to Rs.72.17 on 16 June 2019. This price kept steady for the whole week.
    • With the US-China trade issues expected to affect economic growth in the world, crude oil prices continued to fall through the week.

    June 2019 – Week 4 (23-30):

    • Kolkata saw petrol prices remaining the same on 23 June 2019, at Rs.72.17 – the same as the previous day.
    • On the last day of June, the price stood at Rs.72.60, a rise of 43 paise over the week. Overall monthly petrol price movement in Kolkata was a decline of 1.51% between 2 June and 30 June.
    • The beginning of this week saw a drop in crude oil prices as investors awaited the results of the G20 summit and the meeting between OPEC and other oil producers. However, crude prices picked up on 26 June on the back of news of depleted supply of the raw material in the US.

    Petrol Price in Kolkata Compared to Other Metro Cities

    Compared to other India metro cities, the petrol price in Kolkata is the third highest followed by other metros including Chennai, Bengaluru and Delhi. Just like in other metro cities, the prices of petrol in Kolkata align to the global crude oil prices.

    The difference in petrol prices between Kolkata and other major metro cities is due to the varying local sales tax or Value Added Tax (VAT) levied on the sale of fuel in the city.

    How Often are Petrol Prices Revised in Kolkata?

    Petrol prices in Kolkata, similar to other cities, are being revised on a daily basis ever since the dynamic fuel pricing has been introduced in June 2017.

    Dealers of the petrol pumps across the city will update the petrol price every day by 6 a.m. as decided by the oil marketing companies.

    The price will be displayed high at the fuel stations in Kolkata and is also available on the respective websites of oil companies. The companies also have a dedicated mobile app, through which customers can fetch the daily revised petrol price in Kolkata.

    Making the information available online helps customers to compare and go for the one offering petrol at lesser prices. However, the difference of price from one pump to the other would be marginal.

    Also Know: Diesel Price In Kolkata

    Factors Affecting Petrol Rate in Kolkata

    Petrol pricing in India is made up of many components other than the product price. Petrol is usually bought in crude form from the international markets in barrels for US dollars. So the basic price of petrol mostly depends on the crude oil price and the Indian rupee to US dollar exchange rate.

    After purchasing the crude oil, the oil marketing companies (OMCs) get it processed in the refineries to produce petroleum products. After adding the refinery price, cost of freight, and a profit margin, they sell the petrol to the dealers in various cities. The dealer then adds his commission, state and central taxes and other charges and finally sells it to the customers.

    Most of the components in petrol pricing remain the same across all Indian cities, except for the value added tax (VAT) levied by the respective state government.

    In Kolkata, VAT levied by the West Bengal government is what makes a major difference in the petrol price in the city.

    Other factors that show the marginal effect on the petrol rate in Kolkata include the dealer’s commission, the fuel supplying company and the pump maintenance charges.

    State Taxes and Petrol Price in Kolkata

    The West Bengal government charges value added tax (VAT) of 25% or Rs.13.12 per litre whichever is higher as sales tax on petrol, second highest among among the East Indian states of Jharkhand, Odisha and Bihar. The highest is being charged by the Jharkhand government with the lowest VAT on petrol observed at Bihar in East India.

    Effect of GST on Kolkata Petrol Price

    The GST or the goods and services tax being levied on most of the goods and services in India came in to effect in July 2017. Post GST, the uniform rate is observed on various products across India. However, petroleum products such as petrol, diesel, jet fuel and natural gas are kept outside GST net, as of now.

    Therefore, the petrol prices in Kolkata or in any other Indian city are largely unaffected by GST.

    Considering the recent uproar about bringing petroleum products under GST, if petrol is taxed under GST, the petrol rate in Kolkata is likely to come down as the highest tax bracket under GST is 28% which is lesser than the combined VAT and central excise duty of Rs. 19.48 per litre of petrol.

    Petrol versus Diesel Rate in Kolkata

    Just like in other cities in India, petrol costs little higher than diesel in Kolkata. The price variation is majorly due to the difference in the state and central taxes levied on the two commodities. Other factors include the difference in international crude oil price, refinery charges, the price charged to the dealers and dealer’s commission.

    The central excise duty and the VAT levied by the central and state governments respectively is different for petrol and diesel.

    The excise duty on petrol is Rs.17.98 per litre, while it is Rs.13.83 on a litre of diesel. Similarly, the VAT charged by the West Bengal government on petrol is 25% or Rs.13.12 per litre, whichever is higher, as sales tax, whereas for diesel, it is 17% or Rs.7.70 per litre, whichever is higher.

    Lesser tax rates on diesel compared to that of petrol are making diesel cheaper by Rs. 11-12 per litre than petrol in Kolkata.

    Also Check Petrol Price in NearBy Cities of Kolkata

    *Disclaimer: BankBazaar makes no guarantee or warranty on the accuracy of the data provided on this page, the prevailing price

    Petrol Rate in Kolkata

    The capital city of Indian state of West Bengal, Kolkata is one of the metropolitan cities in India. It is the main commercial and financial hub of North-East and East India.

    With a population of more than 14 million people, the city is a third populous metropolitan city in India. The city has less number of private vehicles on road compared to other metros as most of the city’s population relies on public transport such as Kolkata Suburban Railway, Kolkata Metro, buses, and trams.

    Petrol price in Kolkata is the third highest among the five other metro cities in India.

    Just like in other cities, most of the petrol pumps in Kolkata are owned by the state-owned oil companies including Bharat Petroleum (BP), Hindustan Petroleum (HP), and Indian Oil (IOCL). Shell, Reliance, Essar are the private players.

    Indian Oil operates more than 40 petrol pumps in Kolkata, BP has more than 70, and HP operates more than 50 fuel stations in the city.

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

    Parameters Rates/litre
    1st July Rs.72.69
    21st July Rs.75.82
    Highest Rate in July RRs.75.82 from 18 to 21 July
    Lowest Rate in July Rs.72.69 on 1 July
    Overall Performance Incline
    Percentage Change 4.30%

    July 2019 – Week 1 (1-7)

    • Petrol price in Kolkata opened at Rs.72.69 per litre on 1 July, an increase of 9 paise per litre from 30 June price. The hike was primarily due to the oil marketing companies move to revise the existing rates.
    • Petrol rose further to Rs.72.80 per litre on July 6 owing to the revision in prices initiated by the oil marketing companies. The prices remained unchanged till 6 July.
    • Petrol rate in Kolkata recorded its highest price on 7 July that stood at Rs.75.20 per litre. The hike of Rs.2.40 per litre can be attributed to the Government’s decision to increase the excise duty and road and infrastructure cess on petrol by Rs.2 per litre.

    July 2019 – Week 2 (8-14):

    • Petrol was priced at Rs.75.20 per litre when the week began, similar to the previous day’s rate, which was hiked after the Union Government through the 2019 Budget announced to increase the excise duty on petrol and diesel by Rs.2 per litre to fund its social welfare schemes.
    • Prices were reduced the next day to Rs.75.17 per litre – the lowest prices recorded during the week attributed by the marginal decline in crude prices amid supply cuts led by the OPEC and its allies despite tensions in the Middle East and the ongoing trade war between the US and China.
    • By the end of the week, prices rose to touch the highest for the week when the petrol price in Kolkata stood at Rs.75.43 per litre largely due to the slight increase in crude oil prices.

    July 2019 – Week 3 (15-21):

    • The petrol price in Kolkata on 15 July stood at Rs.75.60 per litre – the lowest rate recorded during the week – largely due to the slight decline in crude oil prices amid indications that the Chinese economy is slowing down and could impact the demand from the world’s largest importer of crude.
    • Prices of petrol in the city continued to rise to touch its weekly high of Rs.75.82 per litre on 18 July and remained unchanged until 21 July despite a marginal increase in crude oil prices amid tensions in the Middle East and the slowing down of the Chinese economy.
    • Petrol prices in Kolkata during the week rose by 22 paise per litre attributed by the sharp incline in crude oil prices in the oil market after the US shot down an Iranian drone, escalating tensions in the region.

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

    Parameters Rates /litre
    2nd June Rs.73.71
    30th June Rs.72.60
    Highest Rate in June Rs.73.71
    Lowest Rate in June Rs.72.17
    Overall Performance Decline-to-rise
    Percentage Change -1.51%

    June 2019 – Week 1 (2-8):

    • Petrol price in Kolkata was at Rs.73.71 per litre on 2 June 2019, down by 6 paise compared with 31 May.
    • The week saw a steady decline in the prices, with the lowest recorded price at Rs.73.16 per litre on 8 June.
    • The decline come on the back of a drop in global crude oil prices during the initial days of the week. The prices became stable towards the end of the week. The market was dull as investors were expecting a global economic slump.

    June 2019 – Week 2 (9-15):

    • On 9 June 2019, petrol price in Kolkata was the same as the previous day – Rs.73.16.
    • During the week, the price kept dropping, closing at Rs.72.23 on 15 June.
    • Crude oil prices stabilised by mid-week, on the back of expectations that OPEC will withhold supply for some more time. Globally, the demand for petrol is reducing because of the expected economic downtrend.

    June 2019 – Week 3 (16-22):

    • The week opened with Petrol price in Kolkata dropping by 6 paise to Rs.72.17 on 16 June 2019. This price kept steady for the whole week.
    • With the US-China trade issues expected to affect economic growth in the world, crude oil prices continued to fall through the week.

    June 2019 – Week 4 (23-30):

    • Kolkata saw petrol prices remaining the same on 23 June 2019, at Rs.72.17 – the same as the previous day.
    • On the last day of June, the price stood at Rs.72.60, a rise of 43 paise over the week. Overall monthly petrol price movement in Kolkata was a decline of 1.51% between 2 June and 30 June.
    • The beginning of this week saw a drop in crude oil prices as investors awaited the results of the G20 summit and the meeting between OPEC and other oil producers. However, crude prices picked up on 26 June on the back of news of depleted supply of the raw material in the US.

    Petrol Price in Kolkata Compared to Other Metro Cities

    Compared to other India metro cities, the petrol price in Kolkata is the third highest followed by other metros including Chennai, Bengaluru and Delhi. Just like in other metro cities, the prices of petrol in Kolkata align to the global crude oil prices.

    The difference in petrol prices between Kolkata and other major metro cities is due to the varying local sales tax or Value Added Tax (VAT) levied on the sale of fuel in the city.

    How Often are Petrol Prices Revised in Kolkata?

    Petrol prices in Kolkata, similar to other cities, are being revised on a daily basis ever since the dynamic fuel pricing has been introduced in June 2017.

    Dealers of the petrol pumps across the city will update the petrol price every day by 6 a.m. as decided by the oil marketing companies.

    The price will be displayed high at the fuel stations in Kolkata and is also available on the respective websites of oil companies. The companies also have a dedicated mobile app, through which customers can fetch the daily revised petrol price in Kolkata.

    Making the information available online helps customers to compare and go for the one offering petrol at lesser prices. However, the difference of price from one pump to the other would be marginal.

    Also Know: Petrol Price Trend In Kolkata

    Factors Affecting Petrol Rate in Kolkata

    Petrol pricing in India is made up of many components other than the product price. Petrol is usually bought in crude form from the international markets in barrels for US dollars. So the basic price of petrol mostly depends on the crude oil price and the Indian rupee to US dollar exchange rate.

    After purchasing the crude oil, the oil marketing companies (OMCs) get it processed in the refineries to produce petroleum products. After adding the refinery price, cost of freight, and a profit margin, they sell the petrol to the dealers in various cities. The dealer then adds his commission, state and central taxes and other charges and finally sells it to the customers.

    Most of the components in petrol pricing remain the same across all Indian cities, except for the value added tax (VAT) levied by the respective state government.

    In Kolkata, VAT levied by the West Bengal government is what makes a major difference in the petrol price in the city.

    Other factors that show the marginal effect on the petrol rate in Kolkata include the dealer’s commission, the fuel supplying company and the pump maintenance charges.

    State Taxes and Petrol Price in Kolkata

    The West Bengal government charges value added tax (VAT) of 25% or Rs.13.12 per litre whichever is higher as sales tax on petrol, second highest among among the East Indian states of Jharkhand, Odisha and Bihar. The highest is being charged by the Jharkhand government with the lowest VAT on petrol observed at Bihar in East India.

    Effect of GST on Kolkata Petrol Price

    The GST or the goods and services tax being levied on most of the goods and services in India came in to effect in July 2017. Post GST, the uniform rate is observed on various products across India. However, petroleum products such as petrol, diesel, jet fuel and natural gas are kept outside GST net, as of now.

    Therefore, the petrol prices in Kolkata or in any other Indian city are largely unaffected by GST.

    Considering the recent uproar about bringing petroleum products under GST, if petrol is taxed under GST, the petrol rate in Kolkata is likely to come down as the highest tax bracket under GST is 28% which is lesser than the combined VAT and central excise duty of Rs. 19.48 per litre of petrol.

    Petrol versus Diesel Rate in Kolkata

    Just like in other cities in India, petrol costs little higher than diesel in Kolkata. The price variation is majorly due to the difference in the state and central taxes levied on the two commodities. Other factors include the difference in international crude oil price, refinery charges, the price charged to the dealers and dealer’s commission.

    The central excise duty and the VAT levied by the central and state governments respectively is different for petrol and diesel.

    The excise duty on petrol is Rs.17.98 per litre, while it is Rs.13.83 on a litre of diesel. Similarly, the VAT charged by the West Bengal government on petrol is 25% or Rs.13.12 per litre, whichever is higher, as sales tax, whereas for diesel, it is 17% or Rs.7.70 per litre, whichever is higher.

    Lesser tax rates on diesel compared to that of petrol are making diesel cheaper by Rs. 11-12 per litre than petrol in Kolkata.

    Also Check Petrol Price in NearBy Cities of Kolkata

    *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.

    $LPD_EMBEDDED_ITEM_PETROL_3s 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 Kolkata

    • Petrol and diesel prices remain unchanged after recent hikes

      After recent hikes in the prices of petrol and diesel, the domestic price of fuel remains unchanged on 2 October 2019. The price of petrol in New Delhi remained unchanged at Rs.74.61 per litre whereas was Rs.80.21 per litre in Mumbai. 

      On the other hand, diesel prices in New Delhi was Rs.64.49 per litre and Rs.70.76 per litre in Mumbai. The price of fuel and diesel were hiked by more than 3% in the last few months in the metro cities. Petrol price was increased by Rs.2.41 per litre and diesel by Rs.2.08 per litre in New Delhi. In Mumbai, the price of petrol was increased by Rs.2.41 per litre and Rs.2.23 per litre for diesel.  

      The domestic rates of fuel are determined by various factors such as global crude oil prices and the value of the rupee against the United States dollar.  

      3 October 2019

    • Petrol prices hiked by 22-23 paise per litre on Tuesday

      The prices of petrol were hiked for the eighth consecutive day on Tuesday. State-run Oil Marketing Companies (OMCs) increased the prices by 20-22 paise per litre. Following the revision in the prices, a litre of petrol was retailed for Rs.74.13 in the national capital. In Mumbai, consumers were required to shell out Rs.79.79 for a litre while in Kolkata and Chennai OMCs charged Rs.76.82 and Rs.77.06 respectively for a litre. Among all the metropolitan cities, the rates of petrol are the lowest in New Delhi because of lower taxes being charged by OMCs.

      In non-metropolitan cities Noida and Gurugram, a litre of petrol was retailed for Rs.75.61 and Rs.73.81 on Tuesday. It needs to be mentioned here that the prices of petrol have been on the climb since 17 September after attacks were carried out on Saudi Arabian crude oil facilities.

      In India, the prices of fuel are revised daily as per the dynamic pricing scheme. As per the mechanism, the rates are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar. The oil companies adopted the scheme in June 2017.

      24 September 2019

    • Petrol prices hiked by 5 paise across the major cities

      State-run Oil Marketing Companies (OMCs) on Tuesday hiked the rates of petrol by 5 paise per litre. Following the revision in the prices, a litre of petrol was retailed for Rs.71.76 in the national capital. In the financial capital i.e., Mumbai consumers were required to shell out Rs.77.45 for a litre. In the other two metropolitan cities i.e., Kolkata and Chennai, OMCs charged Rs.74.49 and Rs.74.56 for a litre. It needs to be mentioned here the prices of petrol was the lowest in New Delhi among all the metropolitan cities. This is because the tax imposed on the fuel in the national capital is lower than what is charged in the other metropolitan cities. In Noida and Gurugram, a litre of petrol was retailed for Rs.73.75 and Rs.71.95 respectively after the rates were increased by 4 paise each on Tuesday.

      In the international oil market, crude oil prices went up amid expectations that OPEC and other countries may agree to cut production in order to support the prices. The futures of Brent crude oil were up by 42 cents or 0.7% since the last close and was trading at Rs.63.01 per barrel.

      It must be noted here that the rates charged for a litre in the country are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

      10 September 2019

    • Petrol prices remain unchanged across the country

      State-owned Oil Marketing Companies (OMCs) kept the rates of petrol unchanged in the country on Wednesday. Following the revision in the prices, every litre of petrol was retailed for Rs.71.84 in the national capital while in the commercial capital the rates charged were Rs.77.50. In the other two metropolitan cities of the country i.e., Kolkata and Chennai consumers were required to pay Rs.74.54 and Rs.74.62 for a litre. In non-metropolitan cities of the country like Noida and Gurugram, a litre of petrol cost Rs.73.79 and Rs.71.99 respectively.

      In the international oil market, prices of crude oil shot up. The jump in the prices came as data revealed a big drop in US crude inventories. The rates climbed to $60 per barrel for the first time in over a week. Brent crude futures were up by 13 cents or 0.2 percent since the last close to be trading at $60.16 per barrel.

      It needs to be mentioned here that last month Goldman Sachs lowered its 2019 oil demand projection. This came after other forecasters like International Energy Agency (IEA) and OPEC had done so. With India importing 80% of its total crude requirement, the rates charged for fuel are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

      21 August 2019

    • OMCs Keep Petrol Prices Constant in the Country

      State-run Oil Marketing Companies (OMCs) on Thursday decided to keep the prices of petrol constant in all the metropolitan cities of the country. It was the second consecutive day when the prices remained constant. Following Thursday’s revision in the prices, every litre of petrol was retailed for Rs.72.90 in the national capital. In the other three metropolitan cities of the country i.e., Mumbai, Kolkata, and Chennai, the rates charged for a litre of petrol were Rs.78.52, Rs.75.12, and Rs.75.70 respectively. In the international oil market, US oil futures hit their highest levels in more than a month on Thursday. While the futures of Brent crude oil were down by 5 cents, the futures of US West Texas Intermediate were up by 11 cents since the last close. Both the crude oils were trading at $66.96 and $60.54 per barrel.

      Nirmala Sitharaman, the Union Finance Minister in her budget speech had stated that the government will levy additional excise duty of Rs.2 per litre on fuel. She added that of the two rupees, Re.1 will go to the road ministry for infrastructure while the remaining shall go to the revenue department. It needs to be mentioned here that the rates of fuel in the country are revised daily as per the dynamic pricing scheme that was adopted by state-run OMCs in June 2017. As per the mechanism, the rates depend on international oil prices on a 15-day average and the rupee-US dollar exchange rate.

      15 July 2019

    • Petrol Prices Touch Rs.76 per litre in Mumbai

      State-controlled oil marketing companies (OMCs) have hiked petrol and diesel prices today across major metro cities of the country. In Mumbai, petrol is being sold at Rs.76.12 per litre and diesel is being sold at Rs.67.51 per litre. In the national capital Delhi, petrol is available at Rs.70.43 per litre while diesel is being sold at Rs.64.39 per litre. Similarly, in Kolkata, petrol costs Rs.72.68 per litre and diesel costs Rs.66.31 per litre. In Chennai, petrol is being retailed at Rs.73.17 per litre and diesel is being sold at Rs.68.11 per litre. In other metro cities such as Noida and Gurugram, petrol is being sold at Rs.70.33 and Rs.70.85 per litre, respectively, while diesel is being retailed at Rs.63.80 and Rs.63.89 per litre, respectively. Fuel prices in India are revised daily under the dynamic fuel pricing mechanism which considers the 15-day average price of crude oil and the exchange rate of rupee over the US dollar. It may be noted that petrol and diesel prices in Delhi are lower due to lower taxes. Also, prices may vary between fuel stations and cities due to taxes and transportation costs. New prices are effective from 6:00 am IST.

      17 June 2019

    • Petrol Prices Decline by 7 Paise on Monday

      State-owned Oil Marketing Companies (OMCs) slashed petrol prices by 7 to 8 paise per litre today across major metro cities of the country, while diesel prices were kept unchanged. In Delhi, a litre of petrol costs Rs.73 per litre as compared to Rs.73.07 per litre on Sunday while diesel costs Rs.66.66 per litre. It may be noted that the OMCs had hiked petrol prices by 8 to 9 paise and diesel by 5 to 6 paise per litre on Sunday. In Mumbai, petrol is being sold at Rs.78.59 per litre and diesel is being sold at Rs.69.81 per litre. In Kolkata and Chennai, petrol is being retailed at Rs.75.04 and Rs.75.79 a litre, while diesel costs Rs.75.11 and Rs.70.43 a litre, respectively. In other metro cities like Noida and Gurugram, petrol is available at Rs.72.41 and Rs.72.85 per litre, while diesel costs Rs.65.72 and Rs.72.85 per litre, respectively. Prices of petrol and diesel are lower compared to other metro cities and some state capitals due to lower taxes. Fuel prices in India are proportional to the global crude oil prices and the rupee-dollar exchange rate. On Monday, in the global oil market, crude oil rates declined over 2% amid US administration decision to hike tariffs on Chinese goods. International benchmark, Brent crude oil futures wa s down by $1.51 per barrel or 2.1% at $69.34 per barrel compared to its previous close.

      8 May 2019

    • Petrol and Diesel Prices Stable in spite of Massive Fluctuations in the Global Oil Industry

      Recently, the US President, Donald Trump, lifted oil waivers from eight countries, which included India as well. This suggests that, from May 2 onwards, India won’t be able to import oil from Iran. On the other hand, as per reports, global oil prices have increased by a whopping 7% per barrel in the last few weeks. If reports are to believed, the sole reason why India is yet to witness a noticeable hike in petrol and diesel is the ongoing elections. Similar situations have been witnessed earlier too when oil prices remained constant in spite of severe oil market fluctuations. Right now, the prices are fairly stable or constant. Some of the major cities in India witnessed a hike between 5 paise and 10 paise in petrol and diesel. This is quite miniscule considering the staggering hike in international oil prices.

      However, sources reveal that the prices may increase once the elections are over. With Trump’s new diktat, India has to look for other alternatives to import oil. Earlier, Trump decided not to renew waivers that allowed India to buy oil from Iran without facing sanctions.

      26 April 2019

    • Petrol prices increased in the range of 5-6 paise

      The rates of petrol in the country were hiked in the range of 5-6 paise by Oil Marketing Companies (OMCs) on Monday. The increase in the prices came even though the rates were hiked by 6 paise on Sunday. Following the increase in the prices, every litre of petrol was sold for Rs.72.98 in the national capital. The prices were increased by 6 paise in New Delhi when compared to the rates of Sunday. In Mumbai, the commercial capital of the country the rates were increased by 6 paise and every litre was retailed for Rs.78.55.

      In the other two metro cities of the country i.e., Kolkata and Chennai, consumers were required to shell out Rs.75 and Rs.75.75 respectively. While in the increase in the rates was 6 paise in the city of joy, the increase recorded in the southern metropolitan city was 7 paise. It needs to be mentioned here that the rates of petrol across the major cities of the country have gone up by about Rs.4 per litre. In the international oil market, crude prices fell on Monday. The fall in the prices came after Brent crude oil hit a new five-month high. The futures of Brent crude oil stood at $71.46 per barrel. It was down by 9 cents since their last close.

      16 April 2019

    • Every litre of Diesel Costs Rs.66.14 in the National Capital

      Oil Marketing Companies (OMCs) on Friday increased the rates of petrol marginally across the four metropolitan cities of the country. The increase recorded in the prices was 5 paise for every litre. Following the hike in the prices, one litre of petrol in the national capital cost Rs.72.91 while in Mumbai the commercial capital consumers were required to pay Rs.78.48 for every litre. In Kolkata and Chennai, OMCs charged Rs.74.93 and Rs.75.67 respectively. The rates of petrol were hiked after four days of stagnation.

      In the international oil market, the prices fell on Friday. Brent crude oil slipped away from the $70 mark after it rose above the mark in the previous session. The drop in the prices was accounted to the fact that the US-China trade talks have not yet come to a conclusion. The futures of International benchmark Brent crude decreased by 23 cents or 0.3 percent to $69.17 per barrel. In the previous session, it had touched it’s highest since November 12 last year with every barrel being traded at $70.03.

      In the international oil market, the prices fell on Friday. Brent crude oil slipped away from the $70 mark after it rose above the mark in the previous session. The drop in the prices was accounted to the fact that the US-China trade talks have not yet come to a conclusion. The futures of International benchmark Brent crude decreased by 23 cents or 0.3 percent to $69.17 per barrel. In the previous session, it had touched it’s highest since November 12 last year with every barrel being traded at $70.03.

      8 April 2019

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

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