Petrol Price In Nagpur Today

  • Today's Petrol Price (27 Nov 2022)

    ₹ 106.01
    Current Petrol Price Per Litre

    Compare Petrol Price in Nagpur (Today & Yesterday)

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    Rate Change
    Petrol ( / litre) ₹ 106.01 ₹ 106.01 ₹ 0 ↑

    Petrol Price in Nagpur - Last 10 Days Data

    Date Petrol ( / litre)
    27 Nov 2022 ₹ 106.01
    26 Nov 2022 ₹ 106.01
    25 Nov 2022 ₹ 106.01
    24 Nov 2022 ₹ 106.01
    23 Nov 2022 ₹ 106.01
    22 Nov 2022 ₹ 106.01
    21 Nov 2022 ₹ 106.01
    20 Nov 2022 ₹ 106.01
    19 Nov 2022 ₹ 106.01
    18 Nov 2022 ₹ 106.01

    Petrol Rate Trend

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    Trend of Petrol Price in Nagpur for October 2022 (rates per litre):

    Parameters Rates/litre
    1st October Rs.106.01
    31st October Rs.106.01
    Highest Rate in October Rs.106.01 from 1 to 31 October
    Lowest Rate in October Rs.106.01 from 1 to 31 October
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Nagpur for October 2022:

    • Petrol prices opened the month of October standing at the rate of Rs.106.01 per litre in Nagpur. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of October in Nagpur.
    • In Nagpur, the last week of October closed with the price of the fuel standing at the rate of Rs.106.01 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Nagpur.

    Trend of Petrol Price in Nagpur for September 2022 (rates per litre):

    Parameters Rates/litre
    1st September Rs.106.01
    30th September Rs.106.01
    Highest Rate in September Rs.106.01 from 1 to 30 September
    Lowest Rate in September Rs.106.01 from 1 to 30 September
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Nagpur for September 2022:

    • Petrol prices opened the month of September standing at the rate of Rs.106.01 per litre in Nagpur. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of September in Nagpur.
    • In Nagpur, the last week of September closed with the price of the fuel standing at the rate of Rs.106.01 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Nagpur.

    Trend of Petrol Price in Nagpur for August 2022 (rates per litre):

    Parameters Rates/litre
    1st August Rs.106.01
    31st August Rs.106.01
    Highest Rate in August Rs.106.01 from 1 to 31 August
    Lowest Rate in August Rs.106.01 from 1 to 31 August
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Nagpur for August 2022:

    • Petrol prices opened the month of August standing at the rate of Rs.106.01 per litre in Nagpur. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of August in Nagpur.
    • In Nagpur, the last week of August closed with the price of the fuel standing at the rate of Rs.106.01 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Nagpur.

    Trend of Petrol Price in Nagpur for July 2022 (rates per litre):

    Parameters Rates/litre
    1st July Rs.111.06
    31st July Rs.111.06
    Highest Rate in July Rs.111.06 from 1 to 31 July
    Lowest Rate in July Rs.111.06 from 1 to 31 July
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Nagpur for July 2022:

    • Petrol prices opened the month of July standing at the rate of Rs.111.06 per litre in Nagpur. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of July in Nagpur.
    • In Nagpur, the last week of July closed with the price of the fuel standing at the rate of Rs.111.06 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Nagpur.

    Trend of Petrol Price in Nagpur for June 2022 (rates per litre):

    Parameters Rates/litre
    1st June Rs.111.06
    30th June Rs.111.06
    Highest Rate in June Rs.111.06 from 1 to 30 June
    Lowest Rate in June Rs.111.06 from 1 to 30 June
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Nagpur for June 2022:

    • Petrol prices opened the month of June standing at the rate of Rs.111.06 per litre in Nagpur. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of June in Nagpur.
    • In Nagpur, the last week of June closed with the price of the fuel standing at the rate of Rs.111.06 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Nagpur.

    Trend of Petrol Price in Nagpur for May 2022 (rates per litre):

    Parameters Rates/litre
    1st May Rs.120.14
    31st May Rs.111.06
    Highest Rate in May Rs.120.14 from 1 to 21 May
    Lowest Rate in May Rs.111.06 from 22 to 31 May
    Overall Performance Decline
    Percentage Change -7.56%

    Monthly Petrol Price Trend in Nagpur for May 2022:

    • Petrol price in Nagpur opened the month of May standing at the rate of Rs.120.14 per litre.
    • The highest petrol rate was recorded from 1 to 21 May wherein a litre of petrol was being traded at the rate of Rs.120.14. The lowest price of petrol was recorded from 22 to 31 May when it stood at the rate of Rs.111.06 per litre.
    • In Nagpur, the month of May closed with the price of the fuel standing at the rate of Rs.111.06 per litre. There was an overall declining trend of -7.56% in the performance of petrol price in Nagpur.

    Trend of Petrol Price in Nagpur for April 2022 (rates per litre):

    Parameters Rates/litre
    1st April Rs.116.38
    30th April Rs.120.14
    Highest Rate in April Rs.120.14 from 6 to 30 April
    Lowest Rate in April Rs.116.38 on 1 April
    Overall Performance Incline
    Percentage Change 3.23%

    Monthly Petrol Price Trend in Nagpur for April 2022:

    • Petrol price in Nagpur opened the month of April standing at the rate of Rs.116.38 per litre.
    • The highest petrol rate was recorded from 6 to 30 April wherein a litre of petrol was being traded at the rate of Rs.120.14. The lowest price of petrol was recorded on 1 April when it stood at the rate of Rs.116.38 per litre.
    • In Nagpur, the month of April closed with the price of the fuel standing at the rate of Rs.120.14 per litre. There was an overall inclining trend of 3.23% in the performance of petrol price in Nagpur.

    Trend of Petrol Price in Nagpur for March 2022 (rates per litre):

    Parameters Rates/litre
    1st March Rs.109.68
    31st March Rs.116.38
    Highest Rate in March Rs.116.38 on 31 March
    Lowest Rate in March Rs.109.68 from 1 March to 21 March
    Overall Performance Incline
    Percentage Change 6.11%

    Monthly Petrol Price Trend in Nagpur for March 2022:

    • Petrol price in Nagpur opened the month of March standing at the rate of Rs.109.68 per litre. After being stable for weeks, the fuel price witnessed a hike on 22 March.
    • The highest petrol rate was recorded on 31 March wherein a litre of petrol was being traded at the rate of Rs.116.38. The lowest price of petrol was recorded from 1 to 21 March when it stood at the rate of Rs.109.68 per litre.
    • In Nagpur, the month of March closed with the price of the fuel standing at the rate of Rs.116.38 per litre. There was an overall inclining trend of 6.11% in the performance of petrol price in Nagpur.

    Trend of Petrol Price in Nagpur for February 2022 (rates per litre):

    Parameters Rates/litre
    1st February Rs.109.68
    28th February Rs.109.68
    Highest Rate in February Rs.109.68
    Lowest Rate in February Rs.109.68
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Nagpur for February 2022:

    • In Nagpur, the price of petrol opened the month of February standing at the rate of Rs.109.68 per litre. There were no changes in the price, when compared to the closing price of the fuel of the previous week.
    • The price of the liquid gold stood steady in Nagpur during the month. In the month of February, the price of the fuel was unaltered, witnessed no fluctuations, and was trading at the rate of Rs.109.68 per litre.
    • The price of the fuel closed the month of February while being traded at the rate of Rs.109.68 per litre. The overall performance of the fuel witnessed a stability during the month of February in Nagpur.

    Trend of Petrol Price in Nagpur for January 2022 (rates per litre):

    Parameters Rates/litre
    1st January Rs.109.68
    31st January Rs.109.68
    Highest Rate in January Rs.109.68
    Lowest Rate in January Rs.109.68
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Nagpur for January 2022:

    • At the start of January, petrol price in Nagpur was Rs.109.68 per litre. The rate of fuel saw no change in the city when the rate was compared to the previous month’s closing price.
    • With state-run oil companies deciding to keep fuel rates stagnant, the price of the fuel remained unchanged in the city over the opening month of 2022.
    • Petrol’s overall performance in Nagpur remained stable.

    Petrol Price in Nagpur

    This page gives you a detailed analysis of petrol prices in Nagpur, which is the third biggest city in Maharashtra and after Mumbai and Pune. The price paid by consumers is called the retail selling price (RSP). It includes the local tax levied by the government of Maharashtra and the central excise duty levied by the central government. In October 2017, the excise duty on petrol was reduced by Rs.2 per litre and the state VAT by Rs.2 per litre.

    What is the Trend in Petrol Prices in Nagpur?

    Cost of crude oil has been growing. The INR/USD exchange rate is highly volatile. The variations in these two price determinants are replicated in the RSP of petrol, which is revised every day. In Nagpur, the RSP has been increasing marginally as a result of growing crude oil rates. Fuel prices including petrol and diesel are expected to go up slightly in the city. Consumers should check the current petrol price in Nagpur before fueling their vehicles. Let’s now look at the historical prices.

    Date Petrol Price per litre
    01 April 2017 Rs.72.70
    01 May 2017 Rs.77.50
    01 June 2017 Rs.78.48
    01 July 2017 Rs.74.34
    01 August 2017 Rs.74.60
    01 September 2017 Rs.78.42
    01 October 2017 Rs.79.91
    01 November 2017 Rs.76.29

    State Levies on Petrol – A Comparison

    Maharashtra Karnataka Uttar Pradesh Madhya Pradesh
    VAT on Petrol 47.94% 30% 32.90% 38.90%

    The local tax on petrol was 47.94% in Mumbai, Navi Mumbai and Thane. It was 46.81% in rest of the rest as per the data published by Petroleum Planning and Analysis Cell on 04 October 2017. The petrol price in Nagpur is less compared to Mumbai and Thane. The local tax levied on petrol by the government of Maharashtra was the highest among all Indian states. This is the reason why petrol prices in all cities in Maharashtra including Nagpur were high.

    How is the Price Revision of Petrol done in Nagpur?

    This section is extremely important from the viewpoint of petrol consumers in Nagpur. Currently, the petrol price revision is done on a daily basis. The daily revision is called dynamic fuel pricing. All oil marketing entities including Hindustan Petroleum, Bharat Petroleum, Indian Oil and Shell Oil have adopted the dynamic fuel pricing mechanism to review the price of both petrol and diesel. This new system came into effect on 16 June 2017 in India.

    Therefore, all petrol stations in Nagpur will revise the fuel price every day at 06:00 a.m. The revised fuel price will be uploaded to the websites of oil marketing companies for the public to refer. Earlier, fuel rates used to be reviewed on the first and sixteenth of every month. Under the new system, the fluctuations in crude oil prices and the currency exchange rate are quickly replicated in the price charged to end customers.

    How do I Check the Current Petrol Price in Nagpur?

    Tracing the current petrol rate in Nagpur is not difficult since all oil marketing companies have created customised mobile applications. It is extremely useful for smartphone users who can download these mobile applications to trace the latest fuel price. Alternatively, consumers can request for the fuel price by sending text messages. They can also dial the customer care help desk and visit the websites of OMCs.

    Additional features of Dynamic Fuel Pricing

    • Dealers and oil marketing companies can better manage their stocks or inventory.
    • Working capital for dealers and oil marketing companies can be well managed.
    • The Indian fuel retailing sector can be interlinked to international fuel markets.
    • The automation drive of petrol stations can be enhanced.

    How are Petrol Prices Computed?

    The retail selling price of petrol is computed by adding the following factors:

    Cost of crude oil: The cost of crude oil is the primary component, which is based on international factors such as seasonal variations, weather conditions, the demand for oil from emerging countries, the capabilities of refineries and the exchange rate. It is quoted in international markets. As on 15 September 2017, the cost of WTI Crude Oil was 55.17%. One barrel of crude oil is equal to 159 litres.

    Taxes: Taxes account for more than 50% of the final price paid by consumers. Taxes are subject to vary from time to time. The local tax imposed by the government of Maharashtra as on 04 October 2017 was 46.81% in Nagpur and the excise duty on petrol was Rs.19.48 per litre. Both the central and state levies have recently been revised in October 2017.

    Expenses incurred by OMCs: Oil marketing companies are the major stakeholders in the oil and natural gas industry. They buy crude oil from overseas oil companies and deliver it to refineries for further processing. The costs incurred by oil marketing companies include entry taxes, marketing expenses, operational expenses, refinery transfer price and landing expenses.

    In addition to the aforementioned cost elements, the retail selling price also comprises of dealer commission and pollution cess.

    Which factors do affect Petrol Rates in Nagpur?

    As discussed in the earlier section, petrol is priced differently every day. It is because of crude oil prices and the INR/USD exchange rate. So, these two are the biggest influencers of petrol prices. If the cost of crude oil goes up, the RSP goes up and vice versa. Similarly, if the value of the INR goes up, the crude oil price goes up; if the value of the INR falls down, then crude oil prices reduce. Finally, the RSP of petrol will be impacted. The local tax and the excise duty are other influencers of RSP.

    GST and Petrol Prices in Nagpur

    The Goods and Services Tax is a comprehensive tax platform introduced in India in July 2017. All types of commodities and services will fall under the purview of GST. They are taxed currently at 5%, 12%, 18% and 28%. GST is not applicable to petrol and diesel. Bringing these two fuels under the purview of GST will bring down the revenue source for the government. Till date, petrol prices in Nagpur remain unaffected.

    Also Check Petrol Price in NearBy Cities of Nagpur

    *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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