Petrol Price In Mumbai Today

Last 7 days Petrol Price in Mumbai

Date Petrol Price(Rs/Lt) Price Change
Oct 21st 2019 78.94 0
Oct 20th 2019 78.94 0
Oct 19th 2019 78.94 0
Oct 18th 2019 78.94 0
Oct 17th 2019 78.94 0
Oct 16th 2019 78.94 0
Oct 15th 2019 78.94 -0.05
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  • Today's Petrol Price ( 21 Oct 2019 )
    ₹ 78.94
    Current Petrol Price Per Litre
    Compare Petrol Price in Mumbai (Today & Yesterday)
    Today
    (21 Oct 2019)
    Yesterday
    (20 Oct 2019)
    Rate Change
    Petrol ( / litre) ₹ 78.94 ₹ 78.94 ₹ 0 ↑
    Petrol Price in Mumbai - Last 10 Days Data
    Date Petrol ( / litre)
    21 Oct 2019 ₹ 78.94
    20 Oct 2019 ₹ 78.94
    19 Oct 2019 ₹ 78.94
    18 Oct 2019 ₹ 78.94
    17 Oct 2019 ₹ 78.94
    16 Oct 2019 ₹ 78.94
    15 Oct 2019 ₹ 78.94
    14 Oct 2019 ₹ 78.99
    13 Oct 2019 ₹ 78.99
    12 Oct 2019 ₹ 78.99

    Petrol Rate Trend

    • 7 Days
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    • 6 Months

    Petrol Rate in Mumbai:

    Mumbai is the capital city of Maharashtra. It is also the business and commercial capital of India. The city has a huge demand for petrol with the highest number of working individuals.

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

    Parameters Rates/litre
    1st October Rs.80.27
    7th October Rs.79.43
    Highest Rate in October Rs.80.27
    Lowest Rate in October Rs.79.43
    Overall Performance Decline
    Percentage Change -1.04%

    October - Week 1 (1-7):

    • In Mumbai, petrol price opened the month of October at Rs.80.27 per litre. The rates increased by 22 paise per litre compared to the previous day. It was the highest recorded price for the opening week of the month.
    • With the prices of crude oil cooling down and reversing all gains, the rates of petrol dropped considerably over the week after staying constant for the next day. A litre of petrol in the commercial capital cost Rs.79.99 per litre on October 4.
    • The Petrol price in Mumbai closed the first week of the month at Rs.79.43 per litre after crude oil prices recorded its second consecutive weekly decline. The overall performance of the fuel in Mumbai was -1.04%.

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

    Parameters Rates/litre
    1st September Rs.77.64
    30th September Rs.80.05
    Highest Rate in September Rs.80.05
    Lowest Rate in September Rs.77.37
    Overall Performance Incline
    Percentage Change 3.10%

    September - Week 1 (1-7):

    • Petrol prices in Mumbai opened at Rs.77.64 per litre. The rates were unchanged from the previous day’s closing price.
    • In Mumbai, Petrol prices remained constant for the next few days in the city as the demand for oil was low in the local market. Crude oil prices, however, were on the rise after United States confirmed that talks will be held with China in the upcoming months.
    • Petrol prices dropped considerably towards the end of the first week and closed at Rs.77.43 per litre. Petrol’s overall performance in the first week was -0.27%.

    September - Week 2 (8-14):

    • Petrol price in Mumbai opened at Rs.77.37 per litre in Mumbai on the 8th of August—6 paise lower than the previous day’s closing price. Meanwhile, in the international oil industry, crude futures dropped after participants reduced positions due to a weak trend in global markets.
    • After staying stable for a day, price of petrol rose again on 11 September, recording Rs.77.42 per litre. The 5 paise hike was primarily due to a sharp drop in US inventories.
    • Petrol rate in Mumbai closed the week at Rs.77.63 per litre. Overall performance of petrol in Mumbai was -0.01%, trending upwards.

    September - Week 3 (15-21):

    • Petrol price in Mumbai opened at Rs.77.69 per litre—6 paise higher than the previous day’s closing price on the 15th of September.
    • After staying stable for a day, petrol prices soared, recording Rs.78.07 per litre on 18 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.
    • Price of petrol in India closed the week at Rs.78.99 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 1.73%, trending upwards.

    September - Week 4 (22-30):

    • In the commercial capital of the country i.e., Mumbai petrol prices opened the fourth week of September at Rs.79.26. Compared to the previous day’s prices, the rates witnessed an increase of 27 paise.
    • Petrol price in Mumbai continued to increase in the metropolitan city over the week due to geopolitical tensions. The rates climbed to Rs.79.97 per litre on 27 September before remaining constant for the next three days. The increase in the prices was accounted to the drone attack on Saudi Arabia’s oil facilities.
    • The rates closed the month at Rs.80.05 per litre. This was the highest recorded price of petrol for the month in the financial capital. The overall performance of petrol for the month was 3.10%.

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

    Parameters Rates/litre
    1st August Rs.78.47
    31st August Rs.77.64
    Highest Rate in August Rs.78.47
    Lowest Rate in August Rs.77.47
    Overall Performance Decline
    Percentage Change -1.05%

    August 2019 – Week 1 (1-7):

    • Petrol price in Mumbai opened at Rs.78.47 per litre on 1 August, 6 paise lower than the previous day’s closing price. In the international crude oil market, crude prices dropped after the US Federal Reserve squashed the chances of possible rate cuts. However, the diesel prices remained stable without undergoing any price change.
    • Petrol slumped further, recording Rs.78.31 per litre on 2 August, marking a drop of 16 paise per litre. Prices dropped further, trending at Rs.77.99 per litre on 5 August. Meanwhile, in the international oil market, crude prices fell amid worries over weaker demand after the Trump administration said it would impose tariffs on more Chinese imports.
    • Mumbai Petrol price closed the week at Rs.77.90, its lowest recorded price till now in the month of August. The overall decline in petrol price recorded in the first week of August is -0.72%. In the international oil market, crude price dropped owing to US-China trade tensions. With Trump announcing to impose more tariffs on Chinese imports, crude prices could drop further in the coming days. However, amidst US-China trade war, state-run oil marketing companies decided not to change the diesel rates, which stayed stable for the entire week of August.

    August 2019 – Week 2 (8-14):

    • Petrol price in Mumbai opened at Rs.78.47 per litre on the second week of August—6 paise lower than the previous day’s closing price.
    • Petrol dipped further by 16 paise on the next day, standing at Rs.78.31 per litre. The dip was primarily due to the ongoing US-China trade tension with Trump administration deciding to impose more tariffs on Chinese imports.
    • Petrol price in Mumbai slumped slightly more in the next few days before stabilising at Rs.77.62 per litre. 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 in Mumbai opened at Rs.77.62 per litre, unchanged from previous day’s closing rate.
    • Prices remained unchanged before dropping to Rs.77.54 per litre on 18 August—recording an 8 paise slump.
    • Petrol dropped further on the next day and remained unchanged till the end of the week at Rs.77.47 per litre—its lowest recorded price in August. The slump was primarily due to weak demand of the oil in the local market. Meanwhile, in the international crude market, oil prices went up due to slump in US inventories.

    August 2019 – Week 4 (22-31):

    • Petrol price in Mumbai opened at Rs.77.47 per litre on 22nd August, unchanged from previous day’s closing price. After staying stagnant for the next few days, petrol prices went up marginally, recording Rs.77.70 per litre. In the international oil market, crude gained after US inventories recorded a substantial slump.
    • Petrol rates were slashed by 6 paise on the next day, recording Rs.77.64 per litre. Petrol remained unchanged till the end of the week.
    • Overall, petrol’s performance in Mumbai was -1.05%, trending downwards. In the international oil market, crude slumped after concerns about the strength of US economy.

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

    Parameters Rates/litre
    1st July Rs.76.13
    28th July Rs.78.81
    Highest Rate in July Rs.79.07
    Lowest Rate in July Rs.76.13
    Overall Performance Incline
    Percentage Change 3.52%

    July 2019 – Week 1 (1-7):

    • Petrol price in Mumbai was priced at Rs.76.13 per litre on 1 July, the lowest price recorded during the week marked by the marginal decrease in crude oil prices in the international market owing to production cuts led by the OPEC and its allies.
    • On 2 July, state-run Oil Marketing Companies (OMCs) hiked the petrol price in Mumbai by 7 paise per litre to be sold at Rs.76.20 per litre and remained unchanged until 6 July.
    • Mumbai Petrol Price during this week rose to touch a weekly high of Rs.78.62 per litre on 7 July due to the hike in excise duty by Re.1 per litre, and road and infrastructure cess of Re.1 per litre which led to an incline of 3.27% during the week.

    July 2019 – Week 2 (8-14):

    • Petrol was priced at Rs.78.62 per litre on 8 July, this was including the additional excise duty hike announced by the Central Government in the 2019 Finance Budget of Rs.2 per litre to mop up revenue for social welfare schemes.
    • State-run Oil Marketing Companies decreased petrol prices in Mumbai on 9 July when a litre of the fuel was sold at Rs.78.57 after crude prices declined amid concerns of a decline in demand after the recent indications that tariff war between the US and China dragged the global economy.
    • On 14 July, prices rose to its weekly high of Rs.78.75 per litre, inclining by 0.17% during the week attributed by slight increase in crude prices due to tensions in the Middle East despite the ongoing production cuts led by the OPEC.

    July 2019 – Week 3 (15-21):

    • When the week began, petrol in Mumbai was priced at Rs.78.87 per litre – the lowest price recorded during the week; however, it had inclined over the previous day amid rise in crude oil prices attributed by concerns over the slowdown of the Chinese economy indicating a possible decline in demand.
    • Prices continued to rise over the week as crude oil prices rose amid increasing prices of crude oil in the oil market influenced by tensions in the Middle East.
    • By the end of the week, petrol prices in Mumbai rose significantly attributed by the rise in crude oil prices after the US shot down a drone of Iran escalating tensions in the Middle East despite the ongoing supply cuts led by the OPEC and its allies to keep prices stable.

    July 2019 – Week 4 (22-28):

    • Petrol in Mumbai opened at Rs.79.01, unchanged from the previous day’s closing price. However, in the international crude oil industry, prices dropped following International Energy Agency (IEA) statement that it would act quickly if required to keep the market afloat amid hostilities in the Middle East.
    • Prices improved marginally on the next day, recording at Rs.79.07 per litre, the highest in the month. The slight hike could be attributed to the huge fall in US inventories. Meanwhile, the US Navy claimed to have shot down another Iranian drone, which further affected global oil prices.
    • Petrol prices started falling soon after, closing the week at Rs. 78.81 per litre. Weak demand coupled with Russia and OPEC agreeing to extend oil supply cuts are the obvious reasons for this petrol price drop. Also, as per IEA (International Energy Agency), it’s unlikely that crude prices will go up considerably in the next few days owing to weak demand and a glut in the crude market.

    Also Check Petrol Price in Metro Cities

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

    Parameters Rates /litre
    2nd June Rs.77.16 per litre
    30th June Rs.76.13 per litre
    Highest Rate in June Rs.77.16 per litre on 2 June
    Lowest Rate in June Rs.75.60 per litre from 16 – 23 June
    Overall Performance Decline
    Percentage Change -1.34%

    June 2019 – Week 1 (2-8):

    • Petrol opened the week at Rs.77.16 per litre, a slight incline compared to the previous day’s price influenced by a fall in crude oil prices in the global oil market.
    • Over the week, petrol prices slumped with the lowest price of the week recorded at Rs.76.60 per litre on 7 June, also the lowest price for the month.
    • The fall in prices comes amid the stabilisation of crude oil prices as Brent crude futures, the international benchmark, fell by 22 cents or 0.4% after declining sharply by 10% in the last four days.

    June 2019 – Week 2 (9-15):

    • The week opened with petrol being retailed at Rs.76.60 per litre, no revision compared to the previous day’s rate.
    • State-run Oil Marketing Companies (OMCs) cut the petrol price by 50 paise on 10 June passing on the benefits to customers as crude oil prices were down in the last week.
    • Petrol prices continued to fall over the week to touch a weekly low of Rs.75.66 a litre on 15 June influenced by concerns of investors of a trade war between the US and China and output cuts led by the Organisation of Petroleum Exporting Countries (OPEC) and its allies.

    June 2019 – Week 3 (16-23):

    • On 16 June, petrol was retailed at Rs.75.60 per litre even as OMCs reduced petrol prices by 6 paise a litre against the previous day’s rate.
    • Petrol prices in Mumbai declined sharply impacted by the decline in crude oil prices on indications that global economic growth slowing down influenced by the US-China tariff war.
    • Oil firms decided to keep petrol prices unchanged for the rest of the week despite the rise in crude prices amid tensions in the Middle East after Iran shot down a military drone of the US, and on expectations for a cut in US interest rate that may spruce up the global growth.

    June 2019 – Week 4 (24-30):

    • During the last week of June, petrol opened at Rs.75.72 per litre, rising by 12 paise over the previous day’s rate and remained unchanged until 26 June.
    • Oil companies continued to revise the petrol price daily until the end of the week to touch Rs.76.13 per litre on 30 June, a weekly high.
    • In the international oil market, crude oil rates fell as traders awaited the outcome of the G20 summit as well as meeting of the OPEC and its allies to take a decision on the possible extension of the output cuts in the global oil market.

    How are Petrol Prices in Mumbai Updated?

    India joins the United States of America (USA) and Australia with the introduction of the daily fuel price revision on 16th June 2017. Every petrol station owned by the country’s premier oil corporations such as Indian Oil, Shell Oil, Hindustan Petroleum, and Bharat Petroleum in Mumbai will update diesel and petrol rates at 06:00 a.m. every day.

    The daily revision, which is also called as dynamic fuel pricing, replaces the earlier fortnightly-based fuel price revision. As per the new system, fuels are priced in consideration with overseas crude oil rates and the exchange ratio between the USD, the base currency and the INR, the local currency. Consumers will now remit market-determined prices irrespective of ups or downs.

    Fuel consumers in Mumbai can track the recent updates on petrol through an SMS service or a customer care service offered by state-owned oil entities including Bharat Petroleum (BP), Hindustan Petroleum (HP), Indian Oil, and Shell Oil. They can also check online by visiting the website of any of these oil companies.

    How are Petrol Prices in Mumbai Assessed?

    The final price, which is paid by consumers for petrol, is called as the retail selling price (RSP) of the commodity. How is the RSP computed? The calculation of the RSP is simple. We add the cost of crude oil including freight charges, the refinery transfer price (RTP), the commission charged by dealers, the VAT levied by the state government, and the central government’s excise duty to arrive at the retail selling price of petrol in Mumbai.

    The cost of crude oil is the cost incurred by oil marketing companies (OMCs). Oil is always traded in terms of the USD. Currently, a barrel of crude oil, which is equal to 159 litres, costs $50. The cost of a litre of oil is added in the price breakup of petrol. OMCs also incur the refinery cost. The commission charged by dealers may change within the city.

    The state VAT and the excise duty are the two tax components in the price structure of petrol. Both are subject to vary. Currently, petrol is taxed at 47.64% by the government of Maharashtra. The excise duty currently is Rs.19.48 per litre. The dealer’s commission is Rs.2.58 per litre in Mumbai.

    Factors Influencing Petrol Rates in Mumbai:

    The factors that influence Mumbai petrol prices are many in number. Let’s consider the most important influencers, which include the buying cost of unrefined oil, global political events, the demand and supply pattern, fluctuations in seasons and the currency conversion rate, the tax charged by the state, the tax charged by the central, and developments in oil-producing nations.

    In general, the Selling Price Petrol will go up when:

    • The purchasing price of raw oil gains.
    • The Indian currency falls against the base currency.
    • The central and state governments hike the tax levied on petrol.

    Similarly, Petrol Rate will come down when:

    • The purchasing price of raw oil diminishes.
    • The Indian currency gains against the USD (the base currency).
    • The central and state governments dampen the tax levied on petrol.

    The purchasing cost of unrefined oil is impacted by seasonal conditions, the refinery capabilities, overseas political moves, the demand for petrol by leading economies, overseas supplies and reserves, and weather conditions.

    GST vs. Petrol Prices in Mumbai

    Goods and Services Tax (GST) is a multi-phase, location-based, all-inclusive tax that shall be imposed on each value addition. It is a complete indirect tax platform that was introduced in July 2017. GST has been imposed on all goods and services except petroleum products.

    Also Know: Petrol Price Trend In Mumbai

    The Oil Minister has recently tweeted that the inclusion of petroleum derivatives is the only recipe for balanced fuel rates. If GST is imposed on petroleum products, fuel prices will be cheaper. If GST is to be levied on petrol, all the tax components in the current price structure should be compensated by the GST rate.

    The entire oil and natural gas industry does not fall under the scope of the present GST system. The implementation of GST in the industry will result in double compliance expenses as all the industry stakeholders have to adhere to the current tax structure and the GST tax slab as well. Since petrol is not taxed under the GST framework, petrol prices in Mumbai remain unaffected.

    Diesel Cost vs. Petrol Costs in Mumbai:

    The current price of diesel, which is as on 10th October 2017, is Rs.60.51 per litre while the current rate of petrol is Rs.77.54. Before reducing the excise duty, the cost of petrol in Mumbai was Rs.79.92 whereas the cost of diesel was Rs.62.76. The net difference between the cost of diesel and petrol has fallen to Rs.17.03 from Rs.17.16 after reducing the excise duty.

    Petrol Prices in Mumbai and other Prime Cities:

    As on the latest date, a litre of petrol costs Rs.70.89 while a litre of diesel Rs.59.97 in Chennai. The current rate of diesel in New Delhi is Rs.56.97 whereas the cost of petrol is Rs.68.42. In Kolkata, petrol is priced at Rs.71.19 while diesel is priced at Rs.59.62. A litre of petrol in Bangalore costs Rs.69.48 while a litre of diesel Rs.57.04. Needless to say, fuel prices in Mumbai are comparatively more.

    Also Check Petrol Price in NearBy Cities of Mumbai

    *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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    News about Petrol Price In Mumbai

    • Price of petrol decreases as state-run companies reduce rates

      The price of petrol and diesel decreased marginally on 15 October 2019 by 5 paise as the state-run oil marketing companies reduced the rates. Crude oil futures decreased to Rs.3,854 per barrel, down by 0.39% as investors reduced positions with a weak global trend.

      Crude oil for delivery on the Multi Commodity Exchange dipped by Rs.15 to Rs.3,584 per barrel with a volume of 21,539 lots. Brent Crude, the international benchmark was priced at $59.81 per barrel falling by 1.16%.

      According to the website of Indian Oil Corporation Ltd (IOCL), in Delhi, petrol prices were down by 5 paise, priced at Rs.73.27 per litre on Tuesday, while the price of diesel was down by 5 paise to Rs.66.41 per litre on 15 October 2019.

      In Mumbai, a litre of petrol was priced at Rs.78.88 on Tuesday, recording a decrease of 5 paise down 5 paise from 14 October 2019 whereas a litre of diesel is priced at Rs.69.61 in Mumbai.

      Coming to Chennai, petrol was priced at Rs.76.09 per litre, while diesel was being sold at Rs.70.15 a litre. In Kolkata, the petrol rate is down by 5 paise to Rs.75.92 a litre on 15 October, while diesel was priced at Rs.68.77 a litre on the same day.

      In Noida, petrol prices were retailing at Rs.74.89 a litre, while the price of diesel reduced by 5 paise to Rs.66.67 per litre. In Gurugram, the price of petrol was Rs.73.09 a litre while diesel was selling at Rs.65.62 per litre.

      17 October 2019

    • Price of petrol decreases as state-run companies reduce rates

      The price of petrol and diesel decreased marginally on 15 October 2019 by 5 paise as the state-run oil marketing companies reduced the rates. Crude oil futures decreased to Rs.3,854 per barrel, down by 0.39% as investors reduced positions with a weak global trend.

      Crude oil for delivery on the Multi Commodity Exchange dipped by Rs.15 to Rs.3,584 per barrel with a volume of 21,539 lots. Brent Crude, the international benchmark was priced at $59.81 per barrel falling by 1.16%.

      According to the website of Indian Oil Corporation Ltd (IOCL), in Delhi, petrol prices were down by 5 paise, priced at Rs.73.27 per litre on Tuesday, while the price of diesel was down by 5 paise to Rs.66.41 per litre on 15 October 2019.

      In Mumbai, a litre of petrol was priced at Rs.78.88 on Tuesday, recording a decrease of 5 paise down 5 paise from 14 October 2019 whereas a litre of diesel is priced at Rs.69.61 in Mumbai.

      Coming to Chennai, petrol was priced at Rs.76.09 per litre, while diesel was being sold at Rs.70.15 a litre. In Kolkata, the petrol rate is down by 5 paise to Rs.75.92 a litre on 15 October, while diesel was priced at Rs.68.77 a litre on the same day.

      In Noida, petrol prices were retailing at Rs.74.89 a litre, while the price of diesel reduced by 5 paise to Rs.66.67 per litre. In Gurugram, the price of petrol was Rs.73.09 a litre while diesel was selling at Rs.65.62 per litre.

      16 October 2019

    • Price of petrol decreases as state-run companies reduce rates

      The price of petrol and diesel decreased marginally on 15 October 2019 by 5 paise as the state-run oil marketing companies reduced the rates. Crude oil futures decreased to Rs.3,854 per barrel, down by 0.39% as investors reduced positions with a weak global trend.

      Crude oil for delivery on the Multi Commodity Exchange dipped by Rs.15 to Rs.3,584 per barrel with a volume of 21,539 lots. Brent Crude, the international benchmark was priced at $59.81 per barrel falling by 1.16%.

      According to the website of Indian Oil Corporation Ltd (IOCL), in Delhi, petrol prices were down by 5 paise, priced at Rs.73.27 per litre on Tuesday, while the price of diesel was down by 5 paise to Rs.66.41 per litre on 15 October 2019.

      In Mumbai, a litre of petrol was priced at Rs.78.88 on Tuesday, recording a decrease of 5 paise down 5 paise from 14 October 2019 whereas a litre of diesel is priced at Rs.69.61 in Mumbai.

      Coming to Chennai, petrol was priced at Rs.76.09 per litre, while diesel was being sold at Rs.70.15 a litre. In Kolkata, the petrol rate is down by 5 paise to Rs.75.92 a litre on 15 October, while diesel was priced at Rs.68.77 a litre on the same day.

      In Noida, petrol prices were retailing at Rs.74.89 a litre, while the price of diesel reduced by 5 paise to Rs.66.67 per litre. In Gurugram, the price of petrol was Rs.73.09 a litre while diesel was selling at Rs.65.62 per litre.

      15 October 2019

    • OMCs slash petrol prices by 11-13 paise

      State-run Oil Marketing Companies (OMCs) continued to slash the prices of petrol across the major cities of the country on Friday. Following the revision of the prices, the rates for a litre of petro were cut by 11-13 paise. As per the data available on the Indian Oil Corporation (IOC) website, consumers were required to pay Rs.73.42 for a litre in New Delhi. Compared to the previous day, the prices were cut by 12 paise in the capital on Friday. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai a litre cost Rs.79.03, Rs.76.07, and Rs.76.25 respectively. In Noida and Gurugram, a litre of petrol was retailed for Rs.75.01 and Rs.73.21 on Friday. It needs to be mentioned here that the price of petrol is the cheapest in the national capital among all the metropolitan cities and state capitals due to lower taxes.

      In the international oil market, the prices of crude oil shot up on Friday after OPEC indicated that it might make deeper cuts in supply. Hopes reviving over talks between the United States and China to end the trade war also helped the matter. The futures of international Brent crude were up by 24 cents or 0.4% since the last close and was trading at $59.34 per barrel.

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

      11 October 2019

    • Petrol prices remain stagnant on Wednesday

      The rates of petrol were kept constant across the major cities of the country on Wednesday. This came after two successive days of upward revision. Following Wednesday’s revision in the prices, a litre of petrol was retailed for Rs.74.61 in the national capital. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai a litre of petrol cost Rs.80.21, Rs.77.23, and Rs.77.50 respectively. 

      In the international oil market, crude prices increased on Wednesday after reports emerged that there was a decrease in oil reserved in the US. Data released by the American petroleum institute showed that the reserve fell by 59 lakh barrels from the previous week. The futures of Brent crude oil were trading at $59.34 per barrel after the rates increased by 0.75%.  

      It needs to be mentioned here that the prices surged to over $70 a barrel last month after the attack on Saudi Arabia’s oil facilities impacted the supply of crude globally. 

      2 October 2019

    • Every litre of petrol cost Rs.73.91 in the national capital

      The rates charged for a litre of petrol in the country was hiked by 28-31 paise on Monday. This was the seventh consecutive day when the prices were increased by state-run Oil Marketing Companies (OMCs).

      Following the daily revision of the prices on Monday, every litre of petrol was retailed for Rs.73.91 in New Delhi, the national capital. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai a litre cost Rs.79.57, Rs.76.60, and Rs.76.83 respectively. Consumers residing in Noida and Gurugram were required to shell out Rs.75.44 and Rs.73.64 for a litre of petrol. In the last seven days, petrol prices have increased by Rs.1.87 per litre which is the most since daily price revision was introduced by OMCs across the country in 2017.

      It needs to be mentioned here that the rates charged for a litre of petrol was the cheapest in New Delhi among all metropolitan cities and state capitals. This is because the tax imposed on the fuel is lower in the national capital than in other cities.

      In the international oil market, the prices of crude oil surged to their highest in two sessions on Monday. This came amid worries about supply disruptions from Saudi Arabia and high tensions in the Middle East. The futures of Brent crude were up by 57 cents or 0.9% since the last close and was trading at $65.50 per barrel.

      23 September 2019

    • Petrol prices increased by 6-7 paise per litre in the country on Sunday

      State-run Oil Marketing Companies (OMCs) continued to hike the rates of petrol across the major cities of the country on Sunday. The rates were increased by 6-7 paise per litre across the major cities of the country. In New Delhi, every litre of petrol was retailed for Rs.72.03 while in Mumbai, the commercial capital consumers were required to pay Rs.77.71. In the other two metropolitan cities of the country i.e., Kolkata and Chennai a litre of petrol was retailed for Rs.74.76 and Rs.74.85 respectively. In non-metropolitan cities Noida and Gurugram, OMCs charged Rs.73.96 and Rs.72.16 for a litre of petrol.

      It needs to be mentioned here that the rates charged for a litre of petrol in the country are dependent on international oil prices and the rupee-US dollar exchange rate. This is because India imports 80% of the total crude requirement.

      15 September 2019

    • OMCs keep petrol prices constant in the country

      The rates charged for a litre of petrol in the country was kept constant for the seventh consecutive day on Wednesday by state-run Oil Marketing Companies (OMCs). Following the daily price revision, a litre of petrol was retailed for Rs.72.07 in the national capital. In Mumbai, the commercial capital of the country consumers were required to shell out Rs.77.67 for a litre. In the other two metropolitan cities i.e., Kolkata and Chennai, a litre was sold for Rs.74.71 and Rs.74.80 respectively. In non-metropolitan cities Noida and Gurugram, OMCs charged consumers Rs.73.92 and Rs.72.13 for a litre. It needs to be mentioned here that the rates charged for a litre was the lowest in New Delhi because the tax imposed on the fuel is low in the national capital.

      The rates charged for a litre of petrol in the country is revised on a daily basis as per the dynamic pricing scheme. As per the mechanism, the prices depend on international oil prices on a 15-day average and the value of rupee against the US dollar. It must be noted here that the Indian rupee has depreciated by 5% against the US dollar since the start of July.

      4 September 2019

    • Petrol Prices Reduced Across Country

      The price of petrol was slashed for the second consecutive day across metro cities. The international oil market was volatile as global crude prices rose following a weekend attack on a Saudi oil facility.

      Petrol prices in New Delhi were lowered by 7 paise, with the fuel now priced at Rs.71.84 per litre on Monday, 19th August, 2019.

      Petrol prices in Mumbai also fell by 7 paise with the fuel priced at Rs.77.50 per litre. The fuel’s price in Kolkata dropped to Rs.75.54 per litre.

      In Chennai, petrol costs Rs.74.62 per litre while the fuel costs Rs.71.44 per litre, recording a decrease of 5 paise from the price the previous day.

      Petrol prices in Noida dropped to Rs.64.54 per litre while petrol in Gurugram dropped by 6 paise and is being sold at Rs.71.99 per litre.

      Continued uncertainty over the U.S.-China trade war as well as global recession fears have also impacted crude prices.

      19 August 2019

    • Petrol Prices Hiked Today, Diesel Remains Unchanged

      State-run Oil Marketing Companies (OMCs) hiked petrol prices today by 6 to 10 paise per litre while diesel prices were kept unchanged across major metro cities of the country. In Delhi, petrol is being sold at Rs.73.27 per litre, up by 6 paise, while diesel is being sold at Rs.66.24 per litre. In Mumbai, petrol is available at Rs.78.88 per litre, an incline of 6 paise over yesterday’s price and diesel is available at Rs.69.43 per litre. Similarly, in Kolkata, petrol costs Rs.75.65 per litre, up by 10 paise while diesel costs Rs.68.31 per litre. In Chennai, petrol is being retailed at Rs.76.09 per litre and diesel is being retailed at Rs.69.96 a litre. In other metro cities such as Noida and Gurugram, petrol is being sold at Rs.72.52 and Rs.73.04 per litre, respectively, while diesel in these cities costs Rs.65.34 and Rs.65.43 per litre, respectively. Fuel prices in India are calculated on a daily basis under the dynamic fuel pricing mechanism by considering the 15-day average price of curde and the exchange rate of the US dollar and the rupee. New prices are effective from 6:00 am IST and can vary between cities due to local sales tax and transportation costs.

      25 July 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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