Petrol Price In Lucknow Today

  • Today's Petrol Price ( 12 Aug 2020 )

    ₹ 80.97
    Current Petrol Price Per Litre

    Compare Petrol Price in Lucknow (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Petrol ( / litre) ₹ 80.97 ₹ 80.97 ₹ 0 ↑

    Petrol Price in Lucknow - Last 10 Days Data

    Date Petrol ( / litre)
    11 Aug 2020 ₹ 80.97
    10 Aug 2020 ₹ 80.97
    09 Aug 2020 ₹ 81.11
    08 Aug 2020 ₹ 80.91
    07 Aug 2020 ₹ 80.91
    06 Aug 2020 ₹ 80.91
    05 Aug 2020 ₹ 81.04
    04 Aug 2020 ₹ 80.91
    03 Aug 2020 ₹ 80.93
    02 Aug 2020 ₹ 80.91

    Petrol Rate Trend

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    Petrol Prices in Lucknow

    Being the capital city of Uttar Pradesh, Lucknow is a center of finance, technology and commerce. It is the biggest city by population and area. The city has a vast number of petrol users. In Lucknow, there are approximately 100 petrol stations owned by Bharat Petroleum, Hindustan Petroleum and Indian Oil. A majority of petrol stations are owned by Bharat Petroleum, which is a premier oil marketing brand in India. The consumption of petrol is increasing with a growing number of petrol users in the city. Petrol price in Lucknow are no different.

    Trend of Petrol Price in Lucknow for July 2020 (rates per litre):

    Parameters Rates/litre
    1st July Rs.81.01
    30th July Rs.81.01
    Highest Rate in July Rs.81.01 on 1 July and 31 July
    Lowest Rate in July Rs.80.93 on 5 July
    Overall Performance Stable
    Percentage Change N/A

    Monthly Petrol Price Trend in Lucknow for July 2020:

    • Petrol price in Lucknow was trading at the rate of Rs.81.01 at the start of the month. Compared to the closing price of the previous month, the rates didn’t see any change.
    • The fuel recorded its highest price for the month on 1st of July and 31st of July wherein a litre was retailed at the rate of Rs.81.01. The lowest rate was recorded on 5th July wherein the fuel was being traded at the rate of Rs.80.93 per litre.
    • The liquid gold prices in Lucknow closed the month of July being traded at the rate of Rs.81.01 per litre. The overall performance witnessed a stability throughout the month.

    Trend of Petrol Price in Lucknow for June 2020 (rates per litre):

    Parameters Rates/litre
    1st June Rs.74.00
    30th June Rs.80.98
    Highest Rate in June Rs.80.98 on June 30
    Lowest Rate in June Rs.73.84 on June 4
    Overall Performance Incline
    Percentage Change 9.43%

    Monthly Petrol Price Trend in Lucknow for June 2020:

    • Petrol price in Lucknow was priced Rs.74 per litre at the start of the month. There was an increase of 6 paise in the rates when compared to the closing price of the previous month.
    • Petrol recorded its highest and lowest price for the month on 30th and 4th June respectively. On the mentioned dates, a litre of petrol was retailed for Rs.80.98 and Rs.73.84 respectively.
    • The fuel which witnessed an inclining trend over the month closed at Rs.80.98 per litre in the city. The percentage change recorded in the rates was 9.43%.

    Trend of Petrol Price in Lucknow for May 2020 (rates per litre):

    Parameters Rates/litre
    1st May Rs.71.92
    31st May Rs.73.94
    Highest Rate in May Rs.74.02
    Lowest Rate in May Rs.71.82
    Overall Performance Incline
    Percentage Change 2.80%

    Monthly Petrol Price Trend in Lucknow for May 2020:

    • A litre of petrol was retailed for Rs.71.92 on the 1st of May in Lucknow. There was an increase of 4 paise in the rates when compared to the closing price of the previous month.
    • Over the month of May, petrol rates fluctuated a lot in the city. The fuel recorded its highest price for the month on 8th May when a litre cost Rs.74.02 while the lowest price was recorded on 5th May with state-run Oil Marketing Companies (OMCs) charging consumers Rs.71.82 for a litre.
    • Petrol closed the month of May at Rs.743.94 per litre. The overall performance of the fuel in the city witnessed an inclining trend with the percentage change being 2.80%.

    Trend of Petrol Price in Lucknow for April 2020 (rates per litre):

    Parameters Rates/litre
    1st April Rs.71.91
    30st April Rs.71.88
    Highest Rate in April Rs.72.02
    Lowest Rate in April Rs.71.81
    Overall Performance Decline
    Percentage Change -0.04%

    Monthly Petrol Price Trend in Lucknow for April 2020:

    • In Lucknow, petrol price stood at Rs.71.91 per litre. Compared to the closing price of the previous month, there was no change in the price which was charged for a litre by state-run Oil Marketing Companies (OMCs).
    • Petrol recorded its highest and lowest price for the month on 8th and 10th of April. The highest and lowest price charged for a litre of petrol in the city was Rs.72.02 and Rs.71.81 per litre respectively.
    • The fuel which witnessed a lot of fluctuations over the month closed at Rs.71.88 per litre. The overall performance of the fuel in the city witnessed a declining trend with the recorded percentage change standing at -0.04%.

    Trend of Petrol Price in Lucknow for March 2020 (rates per litre):

    Parameters Rates/litre
    1st March Rs.73.58
    31st March Rs.71.91
    Highest Rate in March Rs.73.58
    Lowest Rate in March Rs.71.91
    Overall Performance Decline
    Percentage Change -2.26%

    Monthly Petrol Price Trend in Lucknow for March 2020:

    • Petrol price in Lucknow opened the month of March at Rs.73.58 per litre. It was the highest recorded price of the fuel for the month in the city. Compared to the previous week’s closing price, the rates were down by 11 paise.
    • The rates were on a declining trend over the month as the demand was down. Petrol prices slipped to Rs.73.03 by the end of first week before recorded its lowest on 16th March. On the mentioned date, Oil Marketing Companies (OMCs) charged Rs.71.91 for a litre.
    • Over the second half of the month, petrol didn’t see any change in the prices as OMCs decided against changing the rates given the lockdown. The fuel closed the month at Rs.71.91 per litre in the city with the prices witnessing a percentage change of -2.26%.

    Trend of Petrol Price in Lucknow for February 2020 (rates per litre) :

    Parameters Rates/litre
    1st February Rs.74.70
    29th February Rs.73.69
    Highest Rate in February Rs.74.70
    Lowest Rate in February Rs.73.69
    Overall Performance Decline
    Percentage Change -1.35%

    Monthly Petrol Price Trend in Lucknow for February 2020:

    • Petrol prices in Lucknow stood at Rs.74.70 per litre on the 1st of February, marking its highest recorded price for the month.
    • Petrol prices dipped in the second week as the state-run oil marketing companies decided to cut rates.
    • Prices kept fluctuating in the international oil market due to weak demand of the oil caused by the coronavirus outbreak in China. Petrol closed the month at Rs.73.69 per litre, its lowest recorded price for the month of February.
    • The overall performance of petrol in Lucknow was –1.35%, trending downwards.

    Trend of Petrol Price in Lucknow for January 2020 (rates per litre):

    Parameters Rates/litre
    1st January Rs.76.26
    31st January Rs.74.81
    Highest Rate in January Rs.76.96
    Lowest Rate in January Rs.74.81
    Overall Performance Decline
    Percentage Change -1.90%

    Monthly Petrol Price Trend in Lucknow for January 2020:

    • Petrol prices in Lucknow witnessed a declining trend over the opening month of 2020. Having opened at Rs.76.26 per litre, the rates slipped to Rs.74.81 by the end of the month with the overall performance showing a downward trend of 1.90%.
    • In the opening 10 days or so, the rates of petrol were on an upward curve in the city. This was accounted to tensions between the United States of America and Iran after the killing of an Iranian military general in a US drone attack.
    • The increase in the prices saw petrol touch its highest for the month on 11 January with every litre being retailed for Rs.76.96 in the city. However, with the outbreak of coronavirus in China and easing tensions in the Middle East saw global oil prices come down and ensure that the prices of the fuel slipped in Lucknow.
    • The petrol rates continued to slip in the city for the rest of the month as a global health emergency was declared by the World Health Organisation (WHO) keeping in view the increasing number of coronavirus cases and deaths.

    Trend of Petrol Price in Lucknow for December 2019 (rates per litre):

    Parameters Rates/litre
    1st December Rs.76.10
    31st December Rs.76.36
    Highest Rate in December Rs.76.36
    Lowest Rate in December Rs.75.86
    Overall Performance Incline
    Percentage Change 0.34%

    Monthly Petrol Price Trend in Lucknow for December 2019:

    • The petrol price in Lucknow opened at Rs.76.10 per litre in Lucknow for the month of December 2019. The price increased by 8 paise when compared to the previous day, i.e. 30 November 2019 wherein the rate of petrol was Rs.76.02 per litre.
    • With the expectations related to the US-China trade deal, the price of Brent crude oil was quite steady. However, the rise in the price of crude oil in the international market led to the increase in the price of the fuel.
    • During the year, there was an overall increase of 24% in the Brent crude prices.
    • In Lucknow, the price of petrol closed at the rate of Rs.76.36 per litre. This is the highest recorded rate of the fuel in Lucknow for the month of December 2019. In terms of overall performance, there was an incline of 0.34% in the performance of petrol in Lucknow.

    Trend of Petrol Price in Lucknow for November 2019 (rates per litre):

    Parameters Rates/litre
    1st November Rs.74.44
    30th November Rs.76.02
    Highest Rate in November Rs.76.02
    Lowest Rate in November Rs.74.23
    Overall Performance Incline
    Percentage Change 2.12%

    Monthly Petrol Price Trend in Lucknow for November 2019:

    • Petrol price in Lucknow opened the month of November at Rs.74.44 per litre. The rates dropped by 9 paise per litre when compared to the previous day’s closing price. Over the opening week, petrol prices dropped in the city as crude oil prices were relaxed due to the upcoming US and European economic data.
    • The rates started to improve from the second week of the month and closed the week at Rs.74.90 per litre.
    • Petrol prices continued to improve further in the third and fourth week before closing the month at Rs.76.02 per litre. The rates charged on the final day of the month was also the highest recorded price for petrol in the city.
    • The overall performance of petrol for November in Lucknow was 2.12%, trending upwards.

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

    Parameters Rates/litre
    1st October Rs.75.86
    31st October Rs.74.53
    Highest Rate in October Rs.75.86
    Lowest Rate in October Rs74.53
    Overall Performance Decline
    Percentage Change -1.75%

    Monthly Petrol Price Trend in Lucknow for October 2019:

    • Petrol price in Lucknow opened the month of October at Rs.75.83 per litre . The rates charged on the opening day of the month was the highest recorded price for the entire month.
    • The rates dropped gradually after staying constant for a day and closed the first week at Rs.75.19 per litre.
    • With seemingly weak demand for fuel and global economic crisis, petrol prices continued to slide in the following weeks as well. Due to the cut in the prices, petrol closed the second and third week of the month at Rs.74.85 and Rs.74.81 respectively.
    • The rates of petrol dropped further in the final week of October as fuel suffered in the international oil market due to unprecedented rise in US inventories. Petrol closed the month at Rs.74.53 per litre, the lowest recorded price for the month in Lucknow. Petrol’s overall performance in the city for the month was -1.75%, trending downwards.

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

    Parameters Rates/litre
    1st August Rs.72.08
    31st August Rs.73.77
    Highest Rate in August Rs.73.82 on 26, 27 and 28 August
    Lowest Rate in August Rs.71.29 on 19 August
    Overall Performance Incline
    Percentage Change 2.34%

    Monthly Petrol Price Trend in Lucknow for August 2019:

    • Petrol prices in Lucknow opened the month of August at Rs.72.08 per litre, a 4 paise drop from the rates charged the previous day. The rates dropped in the next few days and closed the first week of the month at Rs.71.63 per litre.
    • With the international oil prices fluctuating due to the trade tensions between the United States and China, the rates dropped to Rs.71.41 per litre on 11 August. The rates dropped further in the next couple of days to register the lowest price for the month on 19 August of Rs.71.29.
    • The petrol rates in Lucknow jumped in the following days as the prices of international crude oil witnessed a spike with the trade tensions between Washington and Beijing eased. Petrol prices touched Rs.73.82 per litre on 26 August, the highest for the month before closing at Rs.73.77 per litre.
    • The overall performance of petrol in Lucknow for August was 2.34%.

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

    Parameters Rates/litre
    1st July Rs.70.22
    31st July Rs.72.12
    Highest Rate in July Rs.72.56 on 23 and 24 July
    Lowest Rate in July Rs.70.22 per litre on 1 July
    Overall Performance Incline
    Percentage Change 2.71%

    Monthly Petrol Price Trend in Lucknow for July 2019:

    • When the month began, petrol in Lucknow was sold at Rs.70.22 per litre – the lowest price during the month – and inclined by the end of the week to close at Rs.72.20 per litre after the Centre imposed an additional excise duty and cess of Rs.2 per litre to mop up revenue for social welfare schemes.
    • While petrol prices rose initially during the second week, it declined by the end of the month to close at Rs.72.30 per litre despite an inclining crude oil prices due to tensions in the Middle East although supply cuts led by the OPEC and its allies kept markets stable.
    • Prices continued to rise during the third week to end at Rs.72.51 per litre amid rising crude oil prices marked largely due to the escalating tensions in the Middle East after the US navy said it downed an Iranian drone in the region.
    • By the end of the month, petrol prices rose to touch a monthly high of Rs.72.56 per litre on 23 and 24 July as crude oil price rose sharply amid declining US inventories indicating a weak demand and the ongoing tensions in the Middle East after the US said it may have downed a second Iranian drone.

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

    Parameters Rates/litre
    2nd June Rs.71.04 per litre
    30th June Rs.70.15 per litre
    Highest Rate in June Rs.71.04 per litre on 2 June
    Lowest Rate in June Rs.69.80 per litre from 16-23 June
    Overall Performance Decline
    Percentage Change -1.25%
    • Petrol was priced Rs.71.04 per litre on 2 June, up marginally compared to the previous day’s price in Lucknow. This was also the highest petrol price in Lucknow for June 2019.
    • Prices declined in the first and second week attributed by the fall in crude oil prices in the market supported by the supply cuts led by the OPEC and its allies even after geopolitical tensions in the Middle East after Iran shot down a US military drone.
    • Between 16 and 23 June, petrol prices in Lucknow were at its lowest for the month when it was sold at Rs.69.80 per litre influenced by the sharp fall in crude oil prices in the global market.
    • Overall, petrol prices during June 2019 declined by 1.25% owing to the drop in crude oil prices despite geopolitical tensions between the US and China over trade between the two nations and sanctions on Iran.

    How are Petrol Prices in Lucknow Revised?

    In Lucknow, all 100 petrol bunks will revise petrol prices under the dynamic fuel pricing method, which came into effect on 16 June 2017. Dynamic fuel pricing is a streamlined fuel pricing method in which fuel rates are updated every day at 06:00 a.m. in sync with the exchange rate and the cost of crude oil. Other countries that follow the daily revision system include the United States of America, Russia and Australia. India joins these countries by introducing the system.

    The daily revision will enhance confidence in the sustainability of deregulation since regular variations can be easily transmitted to consumers. Under the new system, the revision is free from government interventions. Dynamic fuel pricing also gives oil marketing companies (OMCs) better control and flexibility. Dealers will be able to adopt the best inventory management principles. In the fuel retailing sector, the daily revision is a major reform.

    Why Dynamic Fuel Pricing?

    Dynamic fuel pricing has been introduced in India to eradicate political influence on fuel pricing, ensure 100% transparency in fuel pricing, align petrol customers to market dynamics, instantly transfer ups and downs in global crude oil prices to end users, reduce the impact on the working capital of dealers and oil marketing entities, and attract the involvement of private participants in the fuel retailing segment.

    Petrol Rates in Lucknow Before Dynamic Fuel Pricing

    In April 2017, petrol rates in the city were steady throughout the month. The fuel was sold at a price of Rs.69.35 per litre. In May 2017, the price revision was made twice. On the first day of May 2017, the price was Rs.70.76. On the last day of the month, it reduced to Rs.68.61. Prices were down by 3.13% in May 2017. On the opening day of June 2017, petrol was priced at Rs.69.86. On the closing day of the month, the petrol price in the city diminished to Rs.66.74 due to the effect of dynamic fuel pricing.

    Petrol prices in Lucknow after dynamic fuel pricing

    After the first two weeks of the daily revision, the petrol price in Lucknow started increasing marginally. On the last day of July 2017, the price increased to Rs.68.52 from Rs.66.74 as on the last day of June 2017. The lowest price in July 2017 was Rs.66.51 whereas the highest rate was Rs.68.52. Petrol prices were up by 4.04% and 2.90% in August 2017 and July 2017 respectively. The highest rate in August 2017 was Rs.71.53. On the last day of September 2017, the price further increased to Rs.72.71.

    Petrol Costs in Lucknow and other Cities

    Petrol was priced at Rs.70.86 in October 2017 in Lucknow. In New Delhi, the capital city of India, the fuel was priced at Rs.68.70. In Kolkata, the capital city of West Bengal, the average petrol rate per litre was Rs.71.50 in the same month. In Mumbai, the state VAT imposed on petrol is high. Due to which, the fuel was sold at an average price of Rs.75.75 per litre. In Chennai, the capital city of Tamil Nadu, the petrol price was lower than Rs.71.50 per litre in the same month.

    How are Petrol Prices in Lucknow Assessed?

    Crude oil is the primary raw material of petrol. It is bought from overseas oil marketing entities. Crude oil is traded in the base currency, which the currency of the United States of America (USA). The price remitted by Indian oil marketing corporations to purchase unrefined oil is called the cost of crude oil. Indian oil marketing companies also pay the freight charges incurred to shift crude oil from overseas ports to Indian ports. Another cost element is refinery transfer price, which is the price charged by refineries to convert crude oil into petrol.

    The profit margin of oil marketing companies (OMCs) is added to the costs incurred by OMCs. The biggest cost element in the price structure of petrol is the tax imposed on petrol. In Uttar Pradesh, petrol is taxed at 32.90%. The central excise duty levied on petrol in India was Rs.19.48 per litre as on 4 October 2017. Other cost elements include the commission charged dealers and pollution cess. All these cost elements are added to arrive at the retail selling price of petrol in Lucknow.

    Determinants of Petrol Prices in Lucknow

    The central government reduced the central excise duty on petrol by Rs.2 per litre on 3 October 2017. After the revision, the petrol rate in Lucknow was low by Rs.2 per litre. This is how the cost of petrol is impacted by variations in the central excise duty. Unlike Gujarat and Maharashtra, the government of Uttar Pradesh has not lowered the state VAT imposed on petrol in October 2017. Consequently, variations in the state VAT affect the final petrol price. The exchange rate and crude oil prices also affect petrol rates.

    What is the Impact of GST on Petrol Price in Lucknow?

    Indian customers pay GST on all types of goods and services. GST came into effect on 1 July 2017. All Indian taxpayers are brought under a common platform called GST. Petrol and diesel have not been included under the regime of GST. Therefore, the current GST rate does not make any difference to the cost price of petrol in the state. It is projected that the cost price of petrol will be reduced by at least 30% if GST is imposed on petrol.

    Also Check Petrol Price in NearBy Cities of Lucknow

    Petrol Price in Meerut Petrol Price in Varanasi Petrol Price in Noida Petrol Price in Ghaziabad Petrol Price in Chandigarh
    Petrol Price in Agra Petrol Price in Kanpur Petrol Price in Aligarh Petrol Price in Bareilly

    *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 Lucknow Today

    • Petrol prices remain the same across all the metros on 6 August 2020

      State-run OMCs did not make any changes to the prices of petrol across all the metros in India on 6 August 2020. The prices of petrol have not been changed for over a month. Since 7 June, OMCs resumed revising the prices of petrol on a daily basis. Before that, the prices of petrol had not been changed for 82 consecutive days. Petrol prices vary from state-to-state due to VAT. According to the details available on the official website of Indian Oil Corporation, the updated prices of petrol in Chennai, Mumbai, Kolkata, and Delhi are at Rs.83.63, Rs.87.19, Rs.82.05, and Rs.80.43 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. Brent crude prices increased by 1.7% and are trading at $45.17 for a barrel.

      6 August 2020

    • Petrol rates remains unchanged on Monday

      For the 14th consecutive day, the rates of petrol remained unchanged in the country on Monday. State-run Oil Marketing Companies continued to retail a litre of petrol for Rs.80.43 in the national capital. In Mumbai and Kolkata, consumers were required to shell out Rs.87.19 and Rs.82.10 for a litre while OMCs charged Rs.83.63 for a litre in Chennai. It must be noted here that the rates of petrol are revised as per the dynamic pricing scheme which was adopted in June 2017. As per the mechanism, the rates are dependent on international crude oil rates and rupee-dollar foreign exchange rate.

      On Monday, oil rates slipped in the international market as traders eyed an OPEC technical meeting scheduled to be held this week. It is expected that participants would recommend easing in supply cuts that have propping up crude prices. The futures of Brent crude and U.S. West Texas Intermediate (WTI) crude slipped by 27 and 28 cents respectively and was trading at $42.97 and $40.27 per barrel.

      As restrictions on transport and industrial activity have been eased, global oil rates have regained some ground from March lows. Brent crude futures had hit a 21-year low of $15.98 per barrel in the month of April.

      13 July 2020

    • Petrol rates hiked for 13th consecutive day

      The rates of petrol were hiked in the country for the thirteenth consecutive day on Friday. State-run Oil Marketing Companies (OMCs) increased the rates by 56 paise in the national capital. Following the hike, a litre of petrol cost Rs.78.37. In the other three metropolitan cities like Mumbai, Kolkata, and Chennai, consumers were required to shell out Rs.85.21, Rs.80.13, and Rs.81.82 for a litre. The rates of petrol were the cheapest in the national capital among all metropolitan cities due to lower taxes. In the last 12 days, petrol prices have increased by 7.11 per litre in Delhi.

      In the international oil market, the rates extended gains from the previous session after members of OPEC and allies promised to meet their supply cut commitments and two major oil traders stated that demand is recovering. The futures of Brent crude increased by 0.43 percent and was trading $41.69 per barrel.

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

      19 June 2020

    • Petrol prices remain the same in all the major cities on 12 April 2020

      Oil marketing companies that are controlled by the state did not make any changes in the prices of petrol across the major cities in India on 12 April 2020. The prices of petrol have not been changed for more than 25 consecutive days.

      According to the data available on the official website of Indian Oil Corporation, the price of petrol in Delhi remained the same as on 11 April 2020 and is at Rs.69.59 for a litre. Delhi has the cheapest prices of petrol when compared to most state capitals and all the metros because of lower taxes. The prices of petrol in Mumbai, Kolkata, Chennai, Noida, and Gurugram remained the same as well when compared to 11 April 2020. The updated prices of petrol in Mumbai, Kolkata, Chennai, Noida, and Gurugram are Rs.76.31, Rs.73.30, Rs.72.28, Rs.72.03, and Rs.70.21 for a litre, respectively. On 1 April 2020, the prices of petrol in Kolkata, Hyderabad, and Chennai were increased by up to Rs.1.50 for a litre due to a hike in VAT. Since more than 80% of India’s crude requirements are imported, the crude oil prices in the international markets and the value of the rupee against the dollar determine the prices of petrol in the country. On 10 April 2020, the prices of Brent crude oil increased by nearly 4% due to expectations that leading producers may sign a deal to reduce the output due to the coronavirus outbreak.

      12 April 2020

    • Price of petrol and diesel slip

      As the price for crude oil continues to swim in the bear market, the rates for petrol and diesel slipped once again. The price of petrol had reduced by 15 paise and the cost of diesel slid to 12 paise. In the month of March, a litre of petrol saw a drop in price to Rs1.75 and the price of diesel reduced by Rs.1.62 a litre.

      In the national capital, petrol has been priced at Rs.70.14 per litre and diesel costs Rs.62.89 per litre. While petrol is being sold at Rs.72.54 in Bengaluru, diesel has been priced at Rs.65.04 per litre. While petrol and diesel cost Rs.74.56 and Rs.68.47 respectively, in Gurgaon, pumps are selling petrol at Rs.70.64 and diesel at Rs.62.59. In Mumbai, one has to pay Rs.75.84 per litre for petrol and Rs.65.84 per litre for diesel. In Chennai, petrol costs Rs.72.86 per litre and one has to shell out Rs.66.35 per litre.

      Industry chamber PHD Chamber of Commerce and Industry has also been urging the government to reduce the excise duty and VAT on petrol and diesel. They are looking at a cut of 25% in order to reduce the price of fuel by Rs.9 or Rs.10 per litre. President D K Aggarwal had also added that the 50% drop in the international crude oil rates had been driven by the 7% dip in the domestic petrol prices.

      12 March 2020

    • Petrol prices remain stable on Thursday

      State-owned Oil Marketing Companies (OMCs) on Thursday kept the rates of petrol unchanged across the major cities of the country. The halt in the prices came after a period of six days. As per the data available on the Indian Oil Corporation (IOC) website, a litre of petrol was retailed for Rs.71.94 in the national capital. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai consumers were charged Rs.77.60, Rs.74.58, and Rs.74.73 respectively. In non-metropolitan cities like Noida and Gurugram, a litre of petrol cost Rs.73.86 and Rs.72.04. It must be noted here that the rates of petrol were the cheapest in the national capital among all metropolitan cities and most state capitals due to lower taxes. In the last 11 days, petrol prices in the New Delhi have seen a decline of Rs.1.15 for every litre.

      In the international oil market, the rates of crude oil shot up on Wednesday due to expectations that producers may enact significant output reductions in a bid to counterbalance the fall in demand. The futures of Brent crude oil and US West Texas Intermediate (WTI) crude were up by 17 and 29 cents respectively to be trading $55.96 and $51.46 per barrel.

      In India, the rates of fuel are revised as per the dynamic pricing scheme which was adopted by OMCs in June 2017. 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.

      13 February 2020

    • Petrol prices slashed across the major cities

      State-run Oil Marketing Companies (OMCs) on Thursday slashed the rates of petrol across the major cities of the country. The cut in the prices came after a day of no change. Following Thursday’s revision, the rates were reduced by 23-25 paise for every litre.

      In Delhi, consumers were required to shell out Rs.73.36 for a litre while in Mumbai, Kolkata, and Chennai a litre of petrol cost Rs.78.97, Rs.75.99, and Rs.76.19 respectively. In non-metropolitan cities like Noida and Gurugram, OMCs charged Rs.74.96 and Rs.73.16 for a litre after the rates were reduced by 19 paise. It must be noted here that the rates of petrol were the cheapest in the national capital among all metropolitan cities and most state capitals due to lower taxes.

      In the international oil market, the futures of Brent crude and US West Texas Intermediate (WTI) crude were down by 24 and 26 cents respectively to be trading at $59.97 and $53.07 per barrel.

      In India, the rates of fuel are revised by OMCs as per the dynamic pricing scheme which was adopted in June 2017. As per the mechanism, the rates are dependent on international oil prices and the value of rupee against the US dollar.

      30 January 2020

    • Petrol prices kept unchanged for third consecutive day

      The rates of petrol were kept unchanged for the third consecutive day on Friday. State-run Oil Marketing Companies (OMCs) retailed a litre of petrol for Rs.74.63 in New Delhi following Friday’s revision. In other metropolitan cities namely Mumbai, Kolkata, and Chennai consumers were charged Rs.80.29, Rs.77.29, and Rs.77.58 respectively. In cities like Noida and Gurugram, OMCs charged Rs.76 and Rs.74.20 respectively for a litre of petrol. It must be noted here that the price of petrol is the cheapest in the national capital among all metropolitan cities and state capitals due to lower taxes.

      OMCs operating in the country revise the prices of fuel as per the dynamic pricing scheme that was adopted in June 2017. 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. This is because India imports 80% of the total crude requirements.

      20 December 2019

    • Petrol prices hiked for the third consecutive day

      State-run Oil Marketing Companies (OMCs) on Thursday increased the prices of petrol across all the major cities of the country. This was the third consecutive day when the rates were increased. The prices were increased by 29 paise for every litre in New Delhi, Mumbai, and Kolkata while in Chennai the rates were hiked by 30 paise per litre. Following the increase in the prices, every litre was retailed for Rs.72.71 in the national capital. In Mumbai, Kolkata, and Chennai a litre cost Rs.78.39, Rs.75.43, and Rs.75.56 respectively.

      It needs to be mentioned here on Wednesday, the prices of crude oil retreated by about 2 percent. The futures of Brent crude oil were down by 95 cents or 1.5% and was trading at $63.60 per barrel. The rupee also opened lower at Rs.71.34 against the US dollar on Thursday. It must be noted here that the rates are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar as India imports 80% of the total crude requirement.

      19 September 2019

    • Rates charged for petrol and diesel gets cheaper in the national capital than in UP

      With the Uttar Pradesh government raising taxes on both petrol and diesel, the rates charged for a litre of both petrol and diesel has become cheaper in New Delhi than in the neighbouring state of UP. It needs to be mentioned here that following the cut in VAT by BJP-ruled states on 5 October 2018, the rates charged for both the fuels in Noida and Ghaziabad had become cheaper when compared to the prices charged in the national capital.

      Following the hike in VAT by the UP government, a litre of petrol was sold for Rs.73.79 in Noida. In Ghaziabad, consumers were required to shell out Rs.73.65. In New Delhi, Oil Marketing Companies (OMCs) retailed a litre for Rs.71.84. A litre of diesel was sold for Rs.65.11 in New Delhi. In the UP towns of Noida and Ghaziabad, a litre cost Rs.65.40 and Rs.65.26 respectively.

      It is noteworthy to mention here that the UP government had raised VAT on petrol and diesel by 26.80 and 17.48 percent respectively. In terms of rupees, the hike responds to Rs.16.74 for petrol and Rs.9.41 for diesel.

      21 August 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

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.