Petrol Price In Mumbai Today

Last 7 days Petrol Price in Mumbai

Date Petrol Price(Rs/Lt) Price Change
July 3rd 2020 87.17 0
July 2nd 2020 87.17 0
July 1st 2020 87.17 0
June 30th 2020 87.17 0
June 29th 2020 87.17 +0.05
JUne 28th 2020 87.12 0
June 27th 2020 87.12 +0.23
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  • Today's Petrol Price ( 04 Jul 2020 )

    ₹ 87.19
    Current Petrol Price Per Litre

    Compare Petrol Price in Mumbai (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Petrol ( / litre) ₹ 87.19 ₹ 87.19 ₹ 0 ↑

    Petrol Price in Mumbai - Last 10 Days Data

    Date Petrol ( / litre)
    03 Jul 2020 ₹ 87.19
    02 Jul 2020 ₹ 87.19
    01 Jul 2020 ₹ 87.19
    30 Jun 2020 ₹ 87.19
    29 Jun 2020 ₹ 87.19
    28 Jun 2020 ₹ 87.14
    26 Jun 2020 ₹ 86.91
    25 Jun 2020 ₹ 86.7
    24 Jun 2020 ₹ 86.54
    23 Jun 2020 ₹ 86.54

    Petrol Rate Trend

    • 7 Days
    • 30 Days
    • 3 Months
    • 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 June 2020 (Rates per litre)

    Parameters Rates/litre
    Parameters Rates/litre
    1st June Rs.78.30
    30th June Rs.87.19
    Highest Rate in June Rs.87.19 on 29 and 30 June
    Lowest Rate in June Rs.78.30 from 1 and 2 June
    Overall Performance Incline
    Percentage Change 18.94%

    June – Week 1 (1 - 7):

    • A litre of petrol price in Mumbai was retailed for Rs.78.30 per litre on 1st of June. There was an no change in the rates of the fuel when compared to the closing price of the previous month.
    • Having remained stagnant for most part of the week, the rates climbed by 60 paise for every litre on 7th June. The increase in the rates saw petrol close the week at Rs.78.90 per litre in the city.
    • In the financial capital of the country, petrol’s overall performance witnessed an incline with the recorded percentage change being 0.76%.

    June – Week 2 (8 - 14):

    • In Mumbai, a litre of petrol was retailed for Rs.79.49 at the start of the second week of June. There was an increase of 60 paise in the rates when compared to the closing price of the previous week.
    • Over the week, the rates of petrol climbed in the financial capital of the country as state-owned Oil Marketing Companies continued to hike the rates. Petrol breached the Rs.80 mark on 9th of June before going up to Rs.80.98 per litre on 11th of June.
    • The hike in the rates of the fuel continued in the city and closed the week at Rs.82.70 per litre. This was the highest recorded price of the fuel for the month till date. The rates witnessed an inclining trend over the week with the percentage change standing at 12.82%.

    June – Week 3 (15 – 21):

    • The price charged for a litre of petrol in Mumbai at the start of the third week was Rs.83.17. There was an incline of 47 paise in the rates when compared to what was charged on the final day of the previous week.
    • The rates of the fuel were on an inclining trend over the week in the financial capital of the country. With state-run Oil Marketing Companies (OMCs) continuing to hike the rates daily, petrol price climbed by Rs.2.87 over the week.
    • Petrol closed the week at Rs.86.04 per litre. This was the highest recorded price of the fuel for the month of June till date. The fuel’s overall performance in Mumbai recorded an incline with the percentage change being 17.38%.

    June – Week 4 (22 – 30):

    • Petrol price in Mumbai opened the final week of June at Rs.86.36 per litre after the rates increased by 32 paise. On the last day of the previous week, a litre of petrol was retailed for Rs.86.04.
    • With the rates increasing in the commercial capital of the country every day, the rates climbed to its highest for the month on 29th June with a litre costing Rs.87.19.
    • The fuel closed the week at the same price as the state-run Oil Marketing Companies (OMCs) refrained from hiking the rates. Petrol’s overall performance witnessed an inclining trend in the city with the percentage change being 18.94%.

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

    Parameters Rates/litre
    Parameters Rates/litre
    1st May Rs.76.31
    21st May Rs.76.31
    Highest Rate in May Rs.76.31
    Lowest Rate in May Rs.76.31
    Overall Performance Stable
    Percentage Change -

    May – Week 1 (1 - 7):

    • Petrol price in Mumbai stood at Rs.76.31 per litre on the 1st of May, unchanged from its previous day’s closing price.
    • Petrol stayed stable for the next few days, closing the week at Rs.76.31 per litre. Meanwhile, the Indian Government increased excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.
    • The overall performance of petrol in Mumbai was 0%, going stable.

    May?– Week 2 (8 - 14):

    • Petrol price in Mumbai stood at Rs.76.31 per litre on the 8th of May, unchanged from its previous day’s closing price.
    • Petrol stayed stable for the next few days and closed the week at Rs.76.31 per litre. Meanwhile, Indian Government increased excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.
    • The overall performance of petrol in Mumbai was stable with no change in prices.

    May – Week 3 (15 - 21):

    • In Mumbai, petrol opened the third week of May at Rs.76.31 per litre. There was no change in the rates when compared to the closing price of the previous week.
    • Just like in the previous two weeks, the rates saw no fluctuations over the week in the financial capital of the country. This was accounted to state-run Oil Marketing Companies (OMCs) keeping the rates stagnant.
    • Petrol closed the penultimate week of the month at the same price in Mumbai. The fuel’s overall performance remained stable because of no rate change.

    May – Week 4 (22 - 28):

    • Petrol was retailed for Rs.76.31 per litre at the start of the fourth week of May in Mumbai. There was no change in the rates when compared to the previous week’s closing price.
    • The rates of the fuel remained unchanged throughout the week as Oil Marketing Companies decided against the increasing or decreasing the petrol price.
    • The overall performance of petrol remained stable in the commercial capital as the rates have seen no change since the start of the month.

    May – Week 5 (29 - 31):

    • In Mumbai, a litre of petrol was retailed for Rs.76.31 on 29th May. Compared to what was charged on the final day of the previous week, there was no change in the rates.
    • The rates slipped by 2 paise the following day in the commercial capital and a litre was retailed for Rs.76.29.
    • Petrol closed the month of May at Rs.76.31 per litre after the rates recovered. The overall performance of petrol remained stable in the city as there was no change in the opening and closing price for the month.

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

    Parameters Rates/litre
    Parameters Rates/litre
    1st April Rs.75.28
    28th April Rs.76.31
    Highest Rate in April Rs.76.31
    Lowest Rate in April Rs.75.28
    Overall Performance Incline
    Percentage Change 1.36%

    April – Week 1 (1 - 7):

    • Petrol price in Mumbai stood at Rs.75.28 per litre on the 1st of April, unchanged from its previous day’s closing price.
    • After staying stable for the next few days, petrol jumped to Rs.76.31 per litre on account of hike in state sales tax or VAT rates. In the international oil market, demand for the crude were low due to the ongoing COVID-19 pandemic.
    • The overall performance of petrol in Mumbai was 1.36%.

    April – Week 2 (8 - 14):

    • Petrol price in Mumbai stood at Rs.76.31 per litre on the 8th of April, unchanged from its previous day’s closing price.
    • Petrol stayed stable for the next few days closing the week at Rs.76.31 per litre. In the international oil market, oil prices fluctuated due to the coronavirus pandemic, diminishing demand for the oil.
    • The overall performance of petrol in Mumbai was 1.36%.

    April – Week 3 (15 - 21):

    • Petrol price in Mumbai stood at Rs.76.31 per litre on the 15th of April, unchanged from its previous day’s closing price.
    • Petrol stayed stable for the next few days, closing the week at Rs.76.31 per litre. In the international oil market, oil prices crashed record two-decade low due to the COVID-19 pandemic, thereby sending ripples across countries.
    • The overall performance of petrol in Mumbai was 1.36%.

    April – Week 4 (22 - 28):

    • Petrol price in Mumbai stood at Rs.76.31 per litre on the 22nd of April, unchanged from its previous day’s closing price.
    • Petrol stayed stable for the next few days, closing the week at Rs.76.31 per litre as the state-run oil marketing companies decided to keep the prices stagnant.?In the international oil market, oil prices crashed a two-decade low due to the COVID-19 pandemic, thereby sending ripples across countries.
    • The overall performance of petrol in Mumbai was 1.36%.

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

    Parameters Rates/litre
    Parameters Rates/litre
    1st March Rs.77.38
    31st March Rs.75.28
    Highest Rate in March Rs.77.38
    Lowest Rate in March Rs.75.28
    Overall Performance Decline
    Percentage Change -2.78%

    March – Week 1 (1 - 7):

    • Petrol price in Mumbai stood at Rs.77.38 per litre at the start of March. Compared to the previous week’s closing price, the rates witnessed a drop of 14 paise for every litre in Mumbai.
    • Given the increase in the number of coronavirus cases across the world, the rates of petrol in the commercial capital slipped to Rs.77.16 per litre on 2 March and remained constant for the next couple of days.
    • The petrol rates dropped further in the metropolitan city as crude prices tumbled due to concerns over the spread of coronavirus and closed the opening week at Rs.76.69 per litre in Mumbai, the lowest recorded price of the fuel till date in the month. The overall performance showed a decline of 0.89% in the prices.

    March – Week 2 (8 - 14):

    • In Mumbai, the rates of petrol opened the month of March at Rs.77.38 per litre. When compared to the previous week’s closing price, there was a drop of 18 paise per litre in the prices of the fuel. The rate of the fuel continued to drop, and it was mainly affected by the fall in the price of Brent crude oil in the international market. Since December 2008, this is biggest ever fall in the price of Brent crude oil which has been witnessed.
    • Almost a fall of 9% in the price of Brent crude oil was witnessed in the international market. Owing to the outbreak of the pandemic Corona virus and the price war between Saudi Arabia and Russia, the price of the fuel continued to fall further.
    • For the second week of the month, the price of petrol in the capital closed at the rate of Rs.75.55 per litre on the 14th of March. This is the lowest recorded price for the month so far. The overall performance of the fuel witnessed a percentage change of –2.36%.

    March – Week 3 (15 - 21):

    • In Mumbai, petrol opened the third week of March at Rs.75.44 per litre. There was a decline of 11 paise in the prices when compared to the previous week’s closing price.
    • The rates slipped further in the commercial capital the next day. A litre of petrol was retailed for Rs.75.28 on 16 March after the prices declined by 16 paise for a litre. There was no change in the prices over the week as Oil Marketing refrained from increasing or decreasing the prices even though international crude oil prices fluctuated.
    • Petrol closed the penultimate week of the month at Rs.75.28 per litre in Mumbai. This was the lowest recorded price of petrol in the financial capital till date in March. The overall performance witnessed a declining trend of 2.71% in the prices.

    March – Week 4 (22 - 31):

    • Petrol price in Mumbai stood at Rs.75.28 per litre on the 22nd of March, unchanged from its previous day’s closing price.
    • Petrol closed the week at Rs.75.28 per litre after state-run oil marketing companies decided not to lower the price further. In the international oil market, oil prices fluctuated due to the coronavirus pandemic, diminishing the demand of the oil.
    • The overall performance of petrol in Mumbai was -2.78%, trending downwards.

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

    Parameters Rates/litre
    Parameters Rates/litre
    1st February Rs.78.80
    29th February Rs.77.52
    Highest Rate in February Rs.78.80
    Lowest Rate in February Rs.77.52
    Overall Performance Decline
    Percentage Change -1.62%

    February – Week 1 (1 - 7):

    • Petrol price in Mumbai stood at Rs.78.80 per litre on the 1st of February, unchanged from its previous day’s closing price. In the international oil market, there’s been a squeeze on oil demand owing to China’s fast spreading coronavirus.
    • The state-run oil marketing companies decided to cut petrol rates further. Petrol closed the week at Rs.78.30 per litre.
    • The overall performance of petrol in Mumbai was -0.63%, trending downwards.

    February – Week 2 (8 - 14):

    • Petrol price in Mumbai stood at Rs.78.07 per litre on the 8th of February, trending a bit lower compared to its previous day’s closing price.
    • In the next few days, the state-run oil marketing companies decided to cut petrol rates further. Petrol closed the week at Rs.77.57 per litre, its lowest recorded price for the month.
    • The overall performance of petrol in Mumbai was -1.56%, trending downwards.

    February – Week 3 (15 - 21):

    • In Mumbai, petrol price stood at Rs.77.57 per litre on the 15th of February. Compared to the previous week’s closing price, there was no change in the prices.
    • Over the next couple days, the rates of the fuel didn’t see any change. However, the rates slipped by 5 paise on 18 February and was retailed for Rs.77.52 per litre in the commercial capital.
    • Petrol closed the week at the lowest recorded price for the month till date. The overall performance showed a decline of 1.62% in the financial capital.

    February – Week 4 (22 - 29):

    • Petrol price in Mumbai stood at Rs.at Rs.77.52 per litre, unchanged from the previous day’s closing price.
    • Petrol prices increased a bit for the next couple of days before dropping back to Rs.77.52 per litre, its lowest recorded price for the month of February.
    • The overall performance of petrol in Mumbai was -1.62%, trending downwards.

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

    Parameters Rates/litre
    Parameters Rates/litre
    1st January Rs.80.77
    31st January Rs.78.94
    Highest Rate in January Rs.81.65
    Lowest Rate in January Rs.78.94
    Overall Performance Decline
    Percentage Change -2.26%

    January – Week 1 (1 - 7):

    • The petrol price in Mumbai opened at the rate of Rs.80.77 per litre on the 1st of January 2020. The same rate was prevalent on the 31st of December 2019. The prices have constantly increased for a week after that.
    • In the light of the war-like situation in the Middle East, the threats from the United States of America to impose curbs on Iraq lead to a hike of more than 2% was witnessed in the Brent crude prices in the international market.
    • On the 7th of January 2020, the week came to a close with the price of petrol standing at the rate of Rs.81.49 per litre. This was also the highest recorded rate of the fuel for the week. The lowest recorded rate was on the 1st day of the week. There was overall increase of 0.89% in the performance of the fuel in Mumbai.

    January – Week 2 (8-14):

    • Petrol price opened the second week of January at Rs.81.39 per litre in Mumbai. The rates charged for a litre in the financial capital of the country dropped by 10 paise when compared to the previous week’s closing price.
    • Due to the turmoil in global oil markets as a result of the standoff between the United States and Iran, petrol price soared in the next few days and touched Rs.81.65 per litre on 11 January. This was the highest recorded price for the month till date in the metropolitan city.
    • As the tensions between both the countries started to ease, petrol prices in Mumbai started to slip and closed the week at Rs.81.34 per litre. The overall performance of the fuel over the first two weeks was 0.70%, trending upwards.

    January – Week 3 (15-21):

    • In Mumbai, petrol opened the third week of January at Rs.81.34 per litre. The rates charged for a litre of the fuel remained unchanged in the commercial capital when compared to the previous week’s closing price.
    • Given that the rates of international crude oil softened after two months of relentless rate hikes, petrol prices in the metropolitan city slipped over the week.
    • Petrol rate closed the week at Rs.80.47 per litre in Mumbai. This was the lowest recorded price of petrol for the month till date. The overall performance of petrol in Mumbai was -0.37%, trending downwards.

    January – Week 4 (22-28):

    • Petrol price in Mumbai stood at Rs.80.47 per litre on the 22nd of January, unchanged from its previous day’s closing price. Prices fluctuated in the international market owing to coronavirus and its effect on the Chinese economy.
    • On India’s Republic Day, petrol stood at Rs.79.52 per litre, thereby marking a substantial drop in its prices.
    • Petrol rate closed the week at Rs.79.27 per litre, its lowest recorded price in the month of January. The overall performance of petrol in Mumbai was -1.85%, trending downwards.

    January – Week 5 (29-31):

    • Petrol price in Mumbai stood at Rs.79.27 per litre on the 29th of January, unchanged from its previous day’s closing price. Prices fluctuated in the international market owing to coronavirus and its effect on the Chinese economy.
    • Petrol closed the month at Rs.78.94 per litre, its lowest recorded price for the month of January.
    • The overall performance of petrol in Mumbai was -2.26%, trending downwards.

    Also Check Petrol Price in Metro Cities

    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

    • OMCs keep petrol rates stagnant on Sunday

      After a period of 21 days, the rates of petrol were kept stagnant in the country on Sunday. State-run Oil Marketing Companies (OMCs) retailed a litre of petrol for Rs.80.38 in the national capital. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai consumers were required to shell out Rs.87.14, Rs.82.05, and Rs.83.59 respectively for a litre. It must be noted here that oil companies had restarted the revision of fuel prices on a daily basis on June 7 following a 12-week hiatus.

      In the international oil market, crude oil prices slipped on Friday given that the number of new coronavirus cases surged in United States of America and China and concerns grew about rising US output. The futures of Brent crude were down by 3 cents and was trading at $40.91 per barrel.

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

      28 June 2020

    • Prices of petrol increased for the fourth consecutive day in India

      Oil marketing companies that are run by the state increased the prices of petrol by up to 42 paise across the major cities in India on 10 June 2020. The prices of petrol have been increased for the fourth day in a row. The base price of petrol had not been changed for 82 days in a row.

      On 9 June 2020, the prices of fuel were increased by up to 60 paise. The price of petrol in Delhi has been increased by 40 paise and is at Rs.73.40 for a litre. Delhi has the cheapest petrol prices when compared to all the metros and most state capitals because of lower taxes. According to the details available on the official website of Indian Oil Corporation, the updated prices of petrol in Mumbai, Kolkata, Chennai, Noida, Bengaluru, and Gurugram are at Rs.80.40, Rs.75.36, Rs.77.43, Rs.75.69, Rs.75.77, and Rs.72.86 for a litre, respectively. On 7 June 2020, the revision of petrol prices has been restarted. Since more than 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of petrol in the country. Brent crude futures prices reduced by 1.4% and were at $40.61 for a barrel.

      10 June 2020

    • Petrol price sees no change in New Delhi on Wednesday

      On Wednesday, petrol price saw no change in the rates in Delhi. With state-run Oil Marketing Companies (OMCs) deciding to keep the rates unchanged following the daily revision, a litre of petrol cost Rs.71.26 in the national capital. In other cities like Mumbai, Chennai, and Hyderabad consumers were required to shell out Rs.76.31, Rs.75.60, and Rs.73.97 respectively for a litre. The cost of a litre was the cheapest in Delhi among all the cities because of lower taxes.

      It must be noted here that the rates of petrol in the country have been mostly stable in the country since March 16 as international oil rates have dropped due to lack of demand.

      In India, OMCs revise the rates of petrol 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 US dollar.

      27 May 2020

    • Prices of petrol remain stagnant in India even though excise duty has been increased

      Oil marketing companies that are run by the state did not make any changes to the prices of petrol across the major cities in India on 6 May 2020. On 5 May 2020, the Centre increase the excise duty on petrol by Rs.10 for a litre.

      The increase in prices has been absorbed by oil marketing companies. Therefore, there would be no increase in the prices of petrol. The prices of Brent oil in the international market are at a two-decade low and are at almost $30 for a barrel. The price of petrol in Delhi remained the same as on 5 May 2020 and is at Rs.71.26 for a litre. The price of petrol is the cheapest in Delhi when compared to most other cities because of lower taxes. The prices of petrol remained the same in Mumbai, Kolkata, Chennai, Patna, Lucknow, Jaipur, Noida, Gurugram, Indore, and Bhopal remained the same as well when compared to 5 May 2020. The updated prices of petrol in Mumbai, Kolkata, Chennai, Patna, Lucknow, Jaipur, Noida, Gurugram, Indore, and Bhopal are at Rs.76.31, Rs.73.30, Rs.75.54, Rs.74.25, Rs.71.92, Rs.76.60, Rs.72.03, Rs.72.21, Rs.77.67, and Rs.77.58 for a litre, respectively. 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.

      6 May 2020

    • Petrol prices remain the same across many cities for 37 days in a row

      Oil marketing companies that are operated by the state did not increase the prices of petrol across the major cities in India on 22 April 2020. In many cities, petrol prices have not changed for 37 consecutive days.

      The price of petrol in Delhi remained the same when compared to 21 April 2020 and is at Rs.69.59 for a litre. Petrol prices are cheap in the national capital when compared to most other cities due to lower taxes. The prices of petrol were increased in Bengaluru, Mumbai, and Kolkata on 1 April 2020. Petrol prices in Kolkata, Chennai, Noida, Bengaluru, Mumbai, Gurgaon, and Hyderabad remained the same when compared to 21 April 2020. The updated prices of petrol in Kolkata, Chennai, Noida, Bengaluru, Mumbai, Gurgaon, and Hyderabad are at Rs.73.30, Rs.72.28, Rs.72.12, Rs.73.55, Rs.76.31, Rs.70.21, and Rs.73.97 for a litre, respectively. The prices of Brent crude oil in the international markets have reduced by nearly 50% due to the coronavirus outbreak. Since around 83% of India’s crude requirements are imported, 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.

      22 April 2020

    • Petrol prices continue to remain stagnant across the country

      State-run Oil Marketing Companies (OMCs) on Saturday kept the rates of petrol unchanged across the country. Following the daily revision, a litre of petrol was retailed for Rs.69.59 in the national capital. In the other three metropolitan cities like Mumbai, Kolkata, and Chennai consumers were required to pay Rs.76.31, Rs.73.30, and Rs.72.28 for a litre of petrol. In non-metropolitan cities like Noida and Gurugram, a litre of petrol cost Rs.72.03 and Rs.70.21 respectively. It must be noted here that the rates of petrol have remained unchanged in most states of the country since March 16. In states where the rates have seen some change has been due to a hike in value-added taxes (VAT).

      In the international oil market, crude oil prices surged on Friday after OPEC stated that it will talk to non-members notably Russia, thereby giving investors hope for an end to a price war which has created market chaos. The futures of Brent crude and US West Texas Intermediate (WTI) crude were trading at $29.05 and $23.98 per barrel respectively.

      In India, the rates of fuel are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

      4 April 2020

    • Price of fuel remain unchanged for 4th day

      On Saturday, India witnessed the prices of its fuel across many cities remain unchanged. This trend has carried on for the fourth day in a row in the nation. One litre of petrol costs Rs.69.59 per litre in the national capital, and in Kolkata, petrol costs Rs.72.29 per litre. In Mumbai, one has to pay Rs.75.30 per litre.

      here seems to be no change in the rates of petrol prices in cities like Bangalore, Hyderabad and also Chennai. While a litre of petrol costs Rs.72.28 in Chennai, in Bangalore the fuel costs Rs.71.97 per litre. In Hyderabad, petrol costs Rs.73.97 per litre. When it comes to Gurgaon and Noida, there had been a few changes in the prices of these fuels. In Gurgaon, the price of one litre of petrol had dipped by 0.19 paise. Petrol was sold at Rs.70.02 per litre. In Noida, petrol costs Rs.72.16 per litre.

      The price of diesel in most cities had remained the same. One litre of diesel in New Delhi had cost you Rs.62.29. In Mumbai, Kolkata, and Chennai, the fuel costs Rs.65.21, Rs.64.62, and Rs.65.71 per litre. While crude oil prices continue to fall, the Indian market is yet to see a fall in the retail price of these two fuels. The base price of petrol is Rs.27.96 per litre in the national capital, and diesel was Rs.31.49 per litre on 16 March 2020.

      A few oil sector experts and analysts had said that the prices of diesel and petrol are now free from the administered price mechanism, and high level of taxes. The government is yet to allow the customers to gain some benefit from the lower fuel prices by keeping the tax collections pretty strong.

      23 March 2020

    • Petrol prices reduced by up to 27 paise on 9 March 2020

      Oil marketing companies that are managed by the state reduced the prices of petrol by up to 27 paise across the major cities in India on 9 March 2020. The prices of petrol have been reduced for the fifth day in a row.

      The reduction in Brent crude prices was the main reason for the price of petrol to reduce. The price of petrol in Delhi was reduced by 24 paise and is selling at Rs.70.59 for a litre. Over the last five days, the price of petrol in Delhi has been reduced by 85 paise. The price of petrol in Delhi is the cheapest when compared to all the metros and most state capitals because of lower taxes. On 8 March 2020, fuel prices were reduced by up to 20 paise across the major cities in India. The price of petrol in Kolkata was reduced by 23 paise and is at Rs.73.28 for a litre. In Chennai, the price of petrol was reduced by 25 paise and is at Rs.73.33 for a litre. The price of petrol in Mumbai was reduced by 27 paise and is at Rs.76.29 for a litre. Since around 83% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the global markets affect petrol prices in the country. On 6 March 2020, the value of the rupee fell by 54 paise against the dollar and was at Rs.73.87.

      9 March 2020

    • Petrol prices remain constant for third consecutive day

      State-run Oil Marketing Companies (OMCs) on Wednesday decided to keep the rates of petrol constant for the third consecutive day. Following the revision in the prices, a litre of petrol cost Rs.72.01 in the national capital. In the other three metropolitan cities like Mumbai, Kolkata, and Chennai consumers were required to shell out Rs.77.67, Rs.74.65, and Rs.74.81 respectively for a litre.

      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 month of February, the rates have declined by Rs.1.18 till date and are at a five-month low in New Delhi. In non-metropolitan cities like Noida and Gurugram, OMCs charged Rs.73.92 and Rs.72.09 for a litre.

      In the international oil market, the futures of Brent crude and US West Texas Intermediate (WTI) crude shot up by 42 and 43 cents respectively and was trading for $55.37 and $50.33 per barrel.

      In India, the rates of fuel are revised 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 US dollar.

      27 February 2020

    • Prices of petrol remained unchanged on 15 February 2020

      Oil marketing companies that are state-run did not make any changes to the prices of petrol across the major cities in India on 15 February 2020. Since 11 February 2020, there have been no changes made to the prices of petrol.

      According to the details available on the official website of Indian Oil Corporation, the price of petrol in Delhi remained the same as 14 February 2020 and is selling at Rs.71.94 for a litre. However, the price of petrol is the cheapest in Delhi when compared to all other metros because of low taxes. So far in February, the price of petrol has been reduced by Rs.1.15 for a litre in Delhi. The prices of petrol in Mumbai, Kolkata, Chennai, Gurugram, and Noida remained unchanged on 15 February 2020 as well. The prices of petrol in Mumbai, Kolkata, Chennai, Gurugram, and Noida are Rs.77.60, Rs.74.58, Rs.74.73, Rs.72.04, and Rs.73.86 for a litre, respectively. Since over 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the global markets have a huge impact in determining the prices of petrol. Brent crude oil prices in the international markets increased by 1.74% and were trading at $57.32 for a barrel.

      15 February 2020

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

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