Find today's Petrol price in Mysore. The latest petrol rates are regularly updated here. Read on to find out the current petrol price in Mysore.
₹ 0
Ltr | Today | Yesterday | Price Change |
1 ltr | ₹ 102.45 | ₹ 102.45 | ₹ 0 |
Date | Price |
05 Sep 2025 | ₹ 102.45(0) |
04 Sep 2025 | ₹ 102.45(0) |
03 Sep 2025 | ₹ 102.45(0) |
02 Sep 2025 | ₹ 102.45(0) |
01 Sep 2025 | ₹ 102.45(0) |
31 Aug 2025 | ₹ 102.45(0) |
30 Aug 2025 | ₹ 102.45(0) |
29 Aug 2025 | ₹ 102.45(0) |
28 Aug 2025 | ₹ 102.45(0) |
27 Aug 2025 | ₹ 102.45(0) |
*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
The petrol price in Mysore is currently fixed and revised under the daily revision system. The price majorly includes taxes, OMC overheads and crude oil rates. The Central Government levies an excise duty of Rs.17.48 on petrol a litre as of 1 February 2018. The State Government levies a VAT of 30% on petrol a litre. The BJP Government, which was formed in 2014, decreased the excise duty several times. The central tax was declined by Rs.2 a litre in October 2017 and February 2018 respectively.
Indian Oil, Hindustan Petroleum and Bharat Petroleum, which are the three publicly-owned brands for marketing oil, switched to the daily revision mechanism in June 2017 by quitting the 15-year old fortnightly-based revision. Before June 2017, the revision of fuel prices in Mysore used to happen twice a month. The first revision used to happen on the 1st of every month and the second revision used to befall on the 16th of every month. Fuel prices used to be steady at least for a period of 15 days.
This is not the case now. Dynamic fuel pricing, also called the daily price revision, majorly takes into the USD/INR conversion rate and crude oil rates to fix and revise the petrol price. The scheduled time to revise the fuel price is 06:00 a.m. everyday. The oil marketing brands shall update the revised fuel prices for consumers. Dynamic fuel pricing allows the revision of fuel prices through a mechanised system. Fuel stations, which are not automated, should do it manually. In a nutshell, petrol prices in Mysore have been varying owing to dynamic fuel pricing.
You have three options to trace the latest petrol price in Mysore. The first option is to make use of the mobile applications, the second option is to make use of SMS services and the third option is to check the online portals. Fuel@IOL, SmartDrive and My HPCL are the three mobile applications, which you can download if you are using smartphones. If you are willing to avail the SMS services, be sure to visit the websites of Indian Oil, Bharat Petroleum and Hindustan Petroleum to find the tips. Today's petrol price in Mysore can also be traced through online portals.
All the cost elements are added to arrive at the petrol price in Mysore.
The USD/INR exchange rate is a major influencer. It tends to change frequently on a daily basis. Any deviations in the exchange rate affect the current petrol price in Mysore. The USD/INR exchange rate is influenced by the public debt and inflation rate of two countries, and the supply and demand pattern. The cost of crude oil is another influencer. Taxes also impact the fuel rate in the city. The demand for petrol has nothing to do with its price since petrol is not indigenously produced.
What is the impact of the GST framework on fuel rates in the city? The GST system is highly debated in the country today. It does not consider petrol for taxation purposes currently. In other words, petrol users across the country do not pay GST taxes on petrol. So, the GST framework has no impact on the price of the fuel. If petrol consumers are taxed at the GST rates, the retail selling price shall drop. Eventually, the income source of the government is negatively impacted. The GST Council was asked to bring petrol under the GST mechanism. But, the final decision has to be taken by the GST council in consultation with the Indian Prime Minister.
*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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