Petrol Price In Mumbai Today

Last 7 days Petrol Price in Mumbai.

Date Petrol Price(Rs/Lt) Price Change
Feb 3rd 2021 97.55 0
Mar 2nd 2021 97.55 0
Mar 1st 2021 97.55 0
Feb 28th 2021 97.55 0
Feb 27th 2021 97.55 +0.23
Feb 26th 2021 97.32 0
Feb 25th 2021 97.32 0
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  • Today's Petrol Price ( 03 Mar 2021 )

    ₹ 97.55
    Current Petrol Price Per Litre

    Compare Petrol Price in Mumbai (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Petrol ( / litre) ₹ 97.55 ₹ 97.55 ₹ 0 ↑

    Petrol Price in Mumbai - Last 10 Days Data

    Date Petrol ( / litre)
    03 Mar 2021 ₹ 97.55
    02 Mar 2021 ₹ 97.55
    01 Mar 2021 ₹ 97.55
    28 Feb 2021 ₹ 97.55
    27 Feb 2021 ₹ 97.55
    26 Feb 2021 ₹ 97.32
    25 Feb 2021 ₹ 97.32
    24 Feb 2021 ₹ 97.32
    23 Feb 2021 ₹ 97.32
    22 Feb 2021 ₹ 96.98

    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 February 2021 (Rates per litre)

    Parameters Rates/litre
    Parameters Rates/litre
    1st February Rs.92.84
    21st February Rs.96.98
    Highest Rate in February Rs.96.98
    Lowest Rate in February Rs.92.84
    Overall Performance Incline>
    Percentage Change 4.45%

    February – Week 1 (1 - 7):

    • Petrol price in Mumbai stood at Rs.92.84 per litre on the 1st of February as prices continued to rise.
    • Petrol closed the week at Rs.93.47 per litre.
    • The overall percentage change was 0.67%.

    February – Week 2 (8 - 14):

    • Petrol price in Mumbai continued to rise like any other city in India, closing the week at Rs.95.19 per litre.
    • This was the highest recorded price for the month of February.
    • The overall percentage change for petrol was 2.53%.

    February – Week 3 (15 - 21):

    • Petrol price in Mumbai continued to rise like any other city in India, closing the week at Rs.96.98 per litre.
    • This was the highest recorded price for the month of February.
    • The overall percentage change for petrol was 4.45%.

    Trend of Petrol Price in Mumbai for January 2021 (Rates per litre)

    Parameters Rates/litre
    Parameters Rates/litre
    1st January Rs.90.30
    31st January Rs.92.84
    Highest Rate in January Rs.92.84
    Lowest Rate in January Rs.90.34
    Overall Performance Incline>
    Percentage Change 2.81%

    January – Week 1 (1 - 7):

    • Petrol price in Mumbai stood at Rs.90.30 per litre on the 1st of January.
    • Petrol prices increased in the next few days, closing the week at Rs.90.83 per litre.
    • The overall percentage change was 0.58%.

    January – Week 2 (8 - 14):

    • Petrol price in Mumbai stood at Rs.90.83 per litre on the 8th of January as prices continued to rise.
    • Petrol prices increased in the next few days, closing the week at Rs.91.32 per litre.
    • The overall percentage change was 1.12%.

    January – Week 3 (15 - 21):

    • A litre of petrol was retailed for Rs.91.32 in Mumbai at the start of the third week of January. There was no change in the price of the fuel when it was compared to the closing price of the previous week.
    • Petrol price in Mumbai touched the highest level for the month till date on 19th January when oil companies charged Rs.91.78 for a litre.
    • The overall performance of petrol in the metropolitan city was one of incline with the percentage change standing at 1.63%.

    January – Week 4 (22 - 31):

    • Petrol price in Mumbai stood at Rs.92.02 per litre on the 22nd of January as prices continued to rise.
    • Petrol closed the month at Rs.92.84 per litre.
    • The overall percentage change was 2.81%.

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

    Parameters Rates/litre
    Parameters Rates/litre
    1st December Rs.89.02
    31st December Rs.90.30
    Highest Rate in December Rs.90.34
    Lowest Rate in December Rs.89.02
    Overall Performance Incline>
    Percentage Change 1.43%

    December – Week 1 (1 - 7):

    • Petrol price in Mumbai stood at Rs.89.02 per litre on the 1st of December.
    • Petrol prices continued to go up, closing the week at Rs.90.34 per litre.
    • Massive increase in oil prices could be attributed to increase in global crude oil prices and higher fuel taxes levied by the central and state governments.

    December – Week 2 (8 - 14):

    • Petrol price in Mumbai stood at Rs.90.30 per litre on the 8th of December.
    • Petrol prices increased a bit, closing the week at Rs.90.34 per litre.
    • The overall percentage change was 1.48%.

    December – Week 3 (15 - 21):

    • Petrol price in Mumbai stood at Rs.90.34 per litre on the 15th of December.
    • Petrol prices were more or less stable, closing the week at Rs.90.34 per litre.
    • The overall percentage change was 1.48%.

    December – Week 4 (22 - 28):

    • Petrol price in Mumbai stood at Rs.90.34 per litre on the 22nd of December
    • Petrol prices were more or less stable though dropping by 4 paise at one point before closing the week at Rs.90.34 per litre.
    • The overall percentage change was 1.48%.

    December – Week 5 (29 - 31):

    • Petrol price in Mumbai stood at Rs.90.30 per litre on the 29th of December.
    • Petrol prices were stable, closing the week at Rs.99.30 per litre.
    • The overall percentage change was 1.43%.

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

    Parameters Rates/litre
    Parameters Rates/litre
    1st November Rs.87.74
    30th November Rs.89.02
    Highest Rate in November Rs.89.02
    Lowest Rate in November Rs.87.74
    Overall Performance Incline>
    Percentage Change 1.45%

    November – Week 1 (1 - 7):

    • Petrol price in Mumbai stood at Rs.87.74 per litre on the 1st of November, unchanged from its previous day’s closing price.
    • After staying stable for the next few days, petrol increased to Rs.87.80 per litre.
    • The overall percentage change was 0.06%.

    November – Week 2 (8-14):

    • Petrol price in Mumbai stood at Rs.87.74 per litre on the 8th of November, dropping a bit from its previous day’s closing price.
    • Petrol closed the week at Rs.87.80 per litre.
    • The overall percentage change of petrol in Mumbai was 0.06%.

    November – Week3 (15-22):

    • Petrol price in Mumbai stood at Rs.88.16 per litre on the 22nd of November, crawling up as state-run oil marketing companies decided to hike oil prices.
    • The overall percentage change of petrol in Mumbai was 0.47% upwards.
    • In the international oil market, prices climbed up in anticipation of an early recovery in demand following news of a third successful COVID vaccine candidate.

    November – Week 4 (22-30):

    • Petrol price in Mumbai stood at Rs.89.02 per litre on the 30th of November, showing a steady hike as state-run oil marketing companies decided to hike oil prices.
    • The overall percentage change of petrol in Mumbai was 1.45% upwards.
    • In the international oil market, oil prices rose due to increased demand catapulted by the possible release of COVID vaccine.

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

    Parameters Rates/litre
    Parameters Rates/litre
    1st October Rs.87.74
    31st October Rs.87.74
    Highest Rate in October Rs.87.80
    Lowest Rate in October Rs.87.74
    Overall Performance Stable
    Percentage Change 0%

    October – Week 1 (1 - 7):

    • Petrol price in Mumbai stood at Rs.87.74 per litre on the 1st of October, unchanged from its previous day’s closing price.
    • The oil stayed stable throughout the week and closed at Rs.87.74 per litre.
    • In the international oil market, prices dropped after US President Donald Trump dismissed the speculations to provide a fourth stimulus package to boost the coronavirus-hit economy.

    October – Week 2 (8 - 14):

    • Petrol in Mumbai stood at Rs.87.74 per litre on the 8th of October, unchanged from its previous day’s closing price.
    • Petrol price in Mumbai increased to Rs.87.80 per litre before dropping back to Rs.87.74 per litre.
    • In the international oil market, prices dropped because of the concerns related to spike in coronavirus cases.

    October – Week 3 (15 - 21):

    • The price of petrol in Mumbai was Rs.87.80 per litre on 15th October. There was an increase of 6 paise in the rates when compared to the previous week’s closing price.
    • While petrol price remained unchanged till 18th October, it slipped to Rs.87.74 on 19th October.
    • Petrol price in Mumbai closed the third week of October at the same price with the overall performance being stable.

    October – Week 4 (22 - 28):

    • In Mumbai, a litre of petrol was retailed for Rs.87.74 at the start of the fourth week of October. There was no change in the rates when compared to the closing price of the previous week.
    • The price charged for a litre of petrol climbed to Rs.87.80 on 24th October after the rates remained stagnant on 23rd October.
    • Petrol price in Mumbai closed the week at Rs.87.74 per litre after the price dropped on 26th October. The overall performance of petrol remained stable in the commercial capital.

    October – Week 5 (29 - 31):

    • Petrol price in Mumbai stood at Rs.87.74 on the 29th of October, unchanged from previous day’s closing price.
    • Petrol closed the month at the same price with no change whatsoever.
    • Meanwhile, in the international oil market prices fell as coronavirus infections surged in the US and UK prompting renewed lockdowns and reducing demand for the oil.

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

    Parameters Rates/litre
    Parameters Rates/litre
    1st September Rs.88.78
    30th September Rs.87.74
    Highest Rate in September Rs.88.78 on 1, 2, 3, and 5 September
    Lowest Rate in September Rs.87.74 on 28, 29, and 30 September
    Overall Performance Decline
    Percentage Change -1.17%

    September – Week 1 (1 - 7):

    • For the month of September, petrol opened at the rate of Rs.88.78 per litre in Mumbai. When compared to the previous rates, there was a hike of 5 paise in the price of the fuel.
    • The price of the fuel witnessed a fluctuation during the first week. The petrol price in Mumbai were the lowest on 4th, 6th, and 7th September. During these days, the price of the fuel at which it was being traded was Rs.88.73 per litre.
    • On the last day of the week, that is on 7th September, the liquid gold was being traded at the rate of Rs.88.73 per litre. The overall performance of the fuel witnessed a decline of –0.06%.

    September – Week 2 (8 to 14):

    • Like any other city or state in India, petrol price in Mumbai continued to stay in the above Rs.80 per litre price bracket.
    • Petrol in Mumbai closed the second week at Rs.88.44 per litre, a bit lower than its opening day price.
    • The overall performance of petrol was -0.38%, trending downward.

    September – Week 3 (15 to 21):

    • Petrol price in Mumbai dipped over the second week of September after opening the month at Rs.88.78 per litre.
    • Petrol closed the week at Rs.87.87 per litre, recording more than a rupee dip in its price.
    • The overall performance of petrol in Mumbai was -1.02%, going stable.

    September – Week 3 (15 to 21):

    • Petrol price in Mumbai dipped over the second week of September after opening the month at Rs.88.78 per litre.
    • Petrol closed the week at Rs.87.87 per litre, recording more than a rupee dip in its price.
    • The overall performance of petrol in Mumbai was -1.02%, going stable.

    September – Week 4 (22 to 30):

    • For the 4th week of September, petrol rate opened at the rate of Rs.87.80 per litre in Mumbai. When compared to the previous rates, there was a dip of 7 paise in the price of the fuel.
    • The price of the fuel was mostly steady during the last week. The prices were the lowest from 28th to 30th of September. During these days, the price of the fuel at which it was being traded was Rs.87.74 per litre.
    • On the last day of the week, that is on 30 September, the liquid gold was being traded at the rate of Rs.87.74 per litre. The overall performance of the fuel witnessed a decline of –1.17%.

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

    Parameters Rates/litre
    Parameters Rates/litre
    1st August Rs.87.19
    31st August Rs.88.73
    Highest Rate in August Rs.88.73 on 30 and 31 August
    Lowest Rate in August Rs.87.17 on 10, 11 and 15 August
    Overall Performance Incline
    Percentage Change 1.77%

    August – Week 1 (1 - 7):

    • A litre of petrol was retailed for Rs.87.19 in Mumbai on 1st of August. There was no change in the price of petrol when compared to what was charged on the final day of the previous month.
    • The price of petrol remained unchanged in the metropolitan city over the opening week of the month as state-run Oil Marketing Companies (OMCs) decided against increasing or decreasing the rates.
    • In Mumbai, petrol’s overall performance over the first week of August was stable.

    August – Week 2 (8 - 14):

    • Petrol price in Mumbai at the start of the second week of August was Rs.87.19 per litre. The opening price of the week was the highest recorded price of the fuel for the month of August till date.
    • The price of petrol slipped on 10th August and was retailed for Rs.87.17 per litre. This was the lowest price of the fuel for the month till date.
    • Petrol price closed the week at Rs.87.19 per litre after the rates shot up on 12th August. The fuel’s overall performance in the metropolitan city remained stable.

    August – Week 3 (15 - 21):

    • Petrol price in Mumbai at the start of the third week of August was Rs.87.17 per litre. Compared to the closing price of the previous week, the rate of the fuel was down by 2 paise in the metropolitan city.
    • Over the week, petrol rate increased in the commercial capital of the country. On 18th August, the price of petrol was Rs.87.58 per litre.
    • Petrol price closed the week at Rs.87.87 per litre, which was the highest for the month of August till date. The overall performance witnessed an inclining trend with the percentage change standing at 0.77%.

    August – Week 4 (22 – 31):

    • The month of August petrol price in Mumbai being traded at the rate of Rs.87.19 per litre. When compared to the previous rates, there was no change in the price of the fuel.
    • The price of the fuel witnessed a gradual rise for the rest of the month. The prices were the lowest on 11 and 15 August wherein it was being traded at the rate of Rs.87.17 per litre.
    • The 4th week of August ended on 31st August wherein the liquid gold was being traded at the rate of Rs.88.73 per litre. The overall performance of the fuel witnessed an incline of 1.77%.

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

    Parameters Rates/litre
    Parameters Rates/litre
    1st July Rs.87.19
    28th July Rs.87.17
    Highest Rate in July Rs.87.19 on July 1, 2, 3, and 5
    Lowest Rate in July Rs.87.17 on July 4 and from 6 – 28
    Overall Performance Decline
    Percentage Change -0.02%

    July – Week 1 (1 - 7):

    • Petrol price in Mumbai opened the first week of July at Rs.87.19 per litre. There was no change in the rates when compared to what was charged on the last day of the previous month. The opening price of the fuel was the highest for the month till date.
    • The rates dropped to Rs.87.17 per litre on the 4th of July. This was the lowest recorded price of the fuel in the metropolitan city.
    • While the rates improved on 5th July, it dropped again and closed the week at Rs.87.17 per litre. The overall performance witnessed a declining trend with the percentage standing at -0.02%.

    July – Week 2 (8 - 14):

    • In Mumbai, the commercial capital of the country, petrol opened the week at Rs.87.17 per litre. Compared to what was charged on the final day of the week, there was no change in the rates.
    • In the metropolitan city, the rates of the fuel saw no change over the week.
    • The fuel recorded a percentage change of -0.02% in the rates.

    July – Week 3 (15 – 21):

    • Petrol price in Mumbai at the start of the third week of July was Rs.87.17 per litre. The rate charged for a litre was similar to what was charged on the final day of the previous week.
    • Petrol rate saw no change in the metropolitan city over the week.
    • The price of petrol witnessed a declining trend in Mumbai with the percentage change being -0.02%.

    July – Week 4 (22 – 28):

    • In Mumbai, petrol price at the start of the fourth week of July was Rs.87.17 per litre. There was no change in the rate of the fuel when compared to the closing price of the previous week.
    • Over the week, petrol rates didn’t see any change even though international oil rates witnessed some activity.
    • Petrol price in Mumbai witnessed a declining trend with the percentage change being -0.02%.

    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.

    Apply For A Fuel Credit Card – Reduce Your Petrol Expenses

    News about Petrol Price In Mumbai

    • Petrol rates increased by 30 paise in Delhi on 13 February 2021

      State-run OMCs increased the prices of petrol in Delhi by 30 paise on 13 February 2021. Petrol rates in the national capital have been increased for the fifth day in a row. Since India imports more than 80% of its crude requirement, petrol prices depend on the value of the rupee against the dollar and the crude oil prices in the global markets. When compared to all the metros, petrol prices are the highest in Mumbai. Following the revision, the updated prices of petrol in Delhi, Mumbai, Chennai, and Kolkata are at Rs.88.44, Rs.94.93, Rs.90.70, and Rs.89.73 for a litre, respectively. OMCs revise petrol rates on a daily basis and the prices are different in every city because of local taxes.

      13 February 2021

    • No changes made to the prices of petrol on 16 January 2021

      OMCs that are run by the state did not make any changes to the prices of petrol across all the metros in India on 16 January 2021. When compared to all the metros, petrol rates are the highest in Mumbai. Petrol prices are revised by OMCs on a daily basis and depend on the value of the rupee against the dollar and the crude oil prices in the international markets. The prices of petrol are different in every state because of local taxes. The updated petrol rates in Delhi, Mumbai, Chennai, and Kolkata are at Rs.84.70, Rs.91.32, Rs.87.40, and Rs.86.15 for a litre, respectively.

      18 January 2021

    • A litre of petrol retailed for Rs.83.71 in the national capital

      Oil Marketing Companies (OMCs) on Tuesday sold a litre of petrol for Rs.83.71 in New Delhi, the national capital. In Mumbai, consumers were required to shell out Rs.90.34 while in Kolkata and Chennai OMCs charged Rs.85.19 and Rs.86.51 respectively. It needs to be mentioned here that the price charged for a litre of petrol was the lowest in the national capital among all the metropolitan cities because the VAT imposed on the fuel was lower when compared to other cities.

      In the international market, the futures of Brent crude the global benchmark fell on Friday. The crude oil was trading at $51.39 per barrel after dropping by 0.21 percent. The rupee however rose marginally and settled at 73.56.

      It is noteworthy to mention here that in India the price of fuel is dependent on international oil rates on a 15-day average and the value of rupee against the US dollar as oil companies revise the rates daily as per the dynamic pricing scheme.

      22 December 2020

    • No changes made to the prices of petrol on 30 November 2020

      OMCs that are run by the state did not make any changes to the prices of petrol across all the metros in India on 30 November 2020. Petrol rates have been changed nine times over the last 11 days. OMCs revise petrol prices on a daily basis. Petrol rates are different in every state due to VAT. The updated prices of petrol in Delhi, Mumbai, Chennai, and Kolkata are at Rs.82.34, Rs.89.02, Rs.85.31, and Rs.83.87 for a litre, respectively. 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.

      30 November 2020

    • Petrol rates unchanged in Mumbai on 19 November 2020

      OMCs that are run by the state did not make any changes to the prices of petrol in Mumbai on 19 November 2020. Petrol rates have not been changed in most cities for over eight weeks. 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. The prices of petrol in Mumbai, Kolkata, Delhi, and Chennai are at Rs.87.74, Rs.82.59, Rs.81.06, and Rs.84.14 for a litre, respectively. OMCs such as Hindustan Petroleum, Bharat Petroleum, and Indian Oil revise petrol rates on a daily basis.

      19 November 2020

    • No changes made to the prices of petrol on 1 November 2020

      OMCs that are state-run did not make any changes to the prices of petrol across all the metros in India on 1 November 2020. Petrol prices have not been changed for nearly a month in most states. Diesel rates are different in every state due to VAT. The excise duty, the rupee to the dollar exchange rate, and the crude oil prices in the global markets. The prices of petrol on 1 November in Mumbai, Kolkata, Delhi, and Chennai are at Rs.87.74, Rs.82.59, Rs.81.06, and Rs.84.14 for a litre, respectively.

      1 November 2020

    • Diesel price continue to see no change on Monday

      On Monday, state-run Oil Marketing Companies (OMCs) kept the price of diesel unchanged across the metropolitan cities of the country. A litre of diesel was retailed for Rs.70.46 in Delhi following the daily revision of rates. In Mumbai, Kolkata, and Chennai, a litre of diesel was retailed for Rs.76.86, Rs.73.99, and Rs.75.95 respectively. This was the 20th consecutive day when the price of diesel remained unchanged in the metropolitan cities of the country.

      In the international market, the price of crude oil slipped for the second consecutive session as U.S. producers began restoring output after Hurricane Delta weakened and the strike of workers in Norway came to an end. The futures of Brent crude for December delivery and those of US West Texas Intermediate (WTI) crude for November delivery were trading at $42.30 and $40.08 per barrel after slipping by 55 and 52 cents respectively.

      It must be noted here that the price of fuel is revised in the country as per the dynamic pricing scheme which was adopted in June 2017 by the OMCs. As per the mechanism, the rates are dependent on international oil rates on a 15-day average and the rupee - US dollar exchange rate.

      12 October 2020

    • Petrol prices remain unchanged in most of the metros on 21 September

      Except for Kolkata, OMCs did not make any changes to the prices of petrol in the other metros in India on 21 September 2020. The price of petrol in Kolkata has been reduced by 2 paise. The prices of petrol are revised by state-run OMCs on a daily basis. Petrol prices differ from state-to-state due to VAT. According to the details provided by Indian Oil Corporation, the updated prices of petrol in Delhi, Mumbai, Kolkata, and Chennai are at Rs.81.14, Rs.87.82, Rs.82.67, and Rs.84.21 for a litre, respectively. Petrol prices depend on several factors such as the value of the rupee against the dollar, the excise duty, and the crude oil rates in the international markets.

      21 September 2020

    • Petrol rates hiked for the fifth consecutive day

      The price of petrol was hiked in the country for the fifth consecutive day on Monday. Following the daily revision, the price charged for a litre was increased by 12 – 14 paise. In Delhi, a litre of petrol was retailed for Rs.81.62 while in Mumbai a litre cost Rs.88.28. In the other two metropolitan cities i.e., Kolkata and Chennai consumers were required to shell out Rs.83.13 and Rs.84.64 for a litre of petrol.

      In the international market, crude oil prices were up as oil production on the Gulf of Mexico went down by half due to storms. The futures of Brent crude and US West Texas Intermediate (WTI) shot up by 8 and 7 cents respectively and was trading at $44.43 and $42.41 per barrel.

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

      24 August 2020

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