Get to know the latest fuel prices across multiple cities in India. This is updated on a regular basis so that you are always aware of accurate fuel rates in India wherever you are.
₹ 0
Ltr | Today | Yesterday | Price Change |
1 ltr | ₹ 94.49 | ₹ 94.49 | ₹ 0 |
Date | Price |
05 Sep 2025 | ₹ 94.49(0) |
04 Sep 2025 | ₹ 94.49(0) |
03 Sep 2025 | ₹ 94.49(0) |
02 Sep 2025 | ₹ 94.49(0) |
01 Sep 2025 | ₹ 94.49(0) |
31 Aug 2025 | ₹ 94.49(0) |
30 Aug 2025 | ₹ 94.49(0) |
29 Aug 2025 | ₹ 94.49(0) |
28 Aug 2025 | ₹ 94.49(0) |
27 Aug 2025 | ₹ 94.49(0) |
*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
Situated in the Indian state of Uttar Pradesh, Meerut is a city with a rich ancient past boasting of settlements which dates back to the Indus Valley civilisation. With the national capital of New Delhi a few hours away, a large number of commuters travel to work from Meerut to Delhi, Greater Noida, Noida, Gurgaon and Ghaziabad.
State-owned buses offer public transportation to cities across the State as well as to nearby cities. Apart from buses, commuters use auto rickshaws and private vehicles to travel between destinations. With the rise in the vehicular density, petrol consumption has risen significantly in the recent past.
Fuel companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum operate more than 90% of fuel stations across Meerut. Petrol prices in Meerut are revised on a daily basis which is influenced mainly by the change in the global crude oil price. India imports more than 70% of crude or unrefined oil from oil-producing countries making the commodity an expensive product.
Apart from the global crude oil price, there are several other factors which impact the petrol price in Meerut. Let's review each of these factors in detail and understand why petrol prices are revised daily and how fuel prices are assessed before customers pay the Retail Selling Price (RSP).
As mentioned, petrol prices in Meerut are revised on a daily basis. The daily revision of the petrol price in Meerut is influenced by international and domestic factors.
Fuel prices in India include various components which make up the final selling price. Here's an example of the petrol price in Meerut recorded on 3 June 2018. This offers an insight into how petrol rates are priced.
Sl.No. | Component | Price |
1 | International Crude Oil Price + Freight Charges | Rs.32.98/Litre |
2 | Profit margin of Oil Companies, transportation, refining, and operational costs | Rs.5.32/Ltr |
3 | Central Excise Duty + Road Cess | Rs.19.48/Ltr |
4 | Dealer Commission | Rs.3.63/Ltr |
5 | Value Added Tax (VAT) | Rs.17.61/Ltr |
Total | Retail selling price of petrol in Meerut | Rs.79.03/Ltr |
Until 16 June 2017, fuel prices including petrol and diesel were revised every fortnight based on the average global crude oil price in the preceding fortnight as well as the US dollar exchange value. However, this didn't let oil companies increase or decrease petrol rates if there were sudden fluctuations in crude oil prices.
To offset the losses to the oil companies and to pass on the latest crude oil rate to consumers, the 'dynamic fuel pricing' mechanism was introduced. Under the new pricing method, petrol prices are updated daily at 6:00 a.m. IST to ensure that the benefit of even a slight change in the global crude oil price can be passed on to dealers and consumers. With this new pricing mechanism, the current petrol price in Meerut is more aligned to market dynamics.
The move to price petrol under the dynamic fuel pricing will benefit both the consumer and the oil marketing companies. Let's look at some of the advantages and disadvantages of dynamic fuel pricing mechanism.
With petrol prices changing every day, it might be a challenge to check the current petrol price in a city or a fuel station. However, OMCs have introduced several ways to track the latest petrol price in Meerut and in across cities in the country.
Currently, the Goods and Service Tax (GST) is not applicable to the sale of petrol in India. Petroleum products such as petrol and diesel continue to attract the Centre's excise duty and the State's VAT. Since the current tax on petrol is higher compared to the highest tax slab in GST, the revenue generated by selling petrol by the government will reduce significantly. Therefore, petrol is exempted from the framework of the GST. That said, if petrol is brought under GST, the petrol price in Meerut will reduce accordingly.
*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.
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