Petrol Price In Pune Today

Petrol Rate in Pune

Pune is the second biggest city in Maharashtra and the seventh most populous city in India. The city is renowned for its automobile and industrial industries. According to the data released by oil marketing entities, the sale of petrol has accelerated by 100% while that of diesel has diminished for the fiscal year 2014-2015. The varying trend signals a rise in the sale of petrol-run vehicles and a fall in that of diesel-run vehicles in the city. From April 2014 till March 2015, the petrol consumption increased by 10%.

Trend of Petrol Price in Pune for November 2022 (rates per litre):

Monthly Petrol Price Trend in Pune for November 2022

• Petrol prices opened the month of November standing at the rate of Rs.105.82 per litre in Pune. 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 November in Pune.
• In Pune, the last week of November closed with the price of the fuel standing at the rate of Rs.105.82 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Pune.

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

Monthly Petrol Price Trend in Pune for October 2022

• Petrol prices opened the month of October standing at the rate of Rs.105.82 per litre in Pune. 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 Pune.
• In Pune, the last week of October closed with the price of the fuel standing at the rate of Rs.105.82 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Pune.

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

Monthly Petrol Price Trend in Pune for September 2022

• Petrol prices opened the month of September standing at the rate of Rs.105.82 per litre in Pune. 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 Pune.
• In Pune, the last week of September closed with the price of the fuel standing at the rate of Rs.105.82 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Pune.

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

Monthly Petrol Price Trend in Pune for August 2022

• Petrol prices opened the month of August standing at the rate of Rs.105.82 per litre in Pune. 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 Pune.
• In Pune, the last week of August closed with the price of the fuel standing at the rate of Rs.105.82 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Pune.

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

Monthly Petrol Price Trend in Pune for July 2022

• Petrol prices opened the month of July standing at the rate of Rs.110.86 per litre in Pune. 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 Pune.
• In Pune, the last week of July closed with the price of the fuel standing at the rate of Rs.110.86 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Pune.

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

Monthly Petrol Price Trend in Pune for June 2022

• Petrol prices opened the month of June standing at the rate of Rs.110.86 per litre in Pune. 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 Pune.
• In Pune, the last week of June closed with the price of the fuel standing at the rate of Rs.110.86 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Pune.

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

Monthly Petrol Price Trend in Pune for May 2022

• Petrol price in Pune opened the month of May standing at the rate of Rs.119.97 per litre.
• The highest petrol rate was recorded on 1 May wherein a litre of petrol was being traded at the rate of Rs.119.97. The lowest price of petrol was recorded from 22 to 31 May when it stood at the rate of Rs.110.86 per litre.
• In Pune, the month of May closed with the price of the fuel standing at the rate of Rs.110.86 per litre. There was an overall declining trend of -7.59% in the performance of petrol price in Pune.

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

Monthly Petrol Price Trend in Pune for April 2022

• Petrol price in Pune opened the month of April standing at the rate of Rs.116.19 per litre.
• The highest petrol rate was recorded on 30 April wherein a litre of petrol was being traded at the rate of Rs.119.97. The lowest price of petrol was recorded on 1 April when it stood at the rate of Rs.116.19 per litre.
• In Pune, the month of April closed with the price of the fuel standing at the rate of Rs.119.97 per litre. There was an overall inclining trend of 3.25% in the performance of petrol price in Pune.

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

Monthly Petrol Price Trend in Pune for March 2022

• Petrol price in Pune opened the month of March standing at the rate of Rs.109.50 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.116.19. The lowest price of petrol was recorded from 1 to 21 March when it stood at the rate of Rs.109.50 per litre.
• In Pune, the month of March closed with the price of the fuel standing at the rate of Rs.116.19 per litre. There was an overall inclining trend of 6.11% in the performance of petrol price in Pune.

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

Monthly Petrol Price Trend in Pune for February 2022

• The petrol price in Pune opened the month of February standing at the rate of Rs.109.50 per litre. There were no fluctuations or changes in the price of the fuel when compared to the closing price of the previous month.
• Petrol prices stood steady in Pune 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.109.50 per litre.
• In February, the price of petrol closed the month at the rate of Rs.109.50 per litre. The overall performance of the fuel witnessed a stability during the month of February in Pune.

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

Monthly Petrol Price Trend in Pune for January 2022

• The petrol price in Pune opened the month of January standing at the rate of Rs.109.50 per litre. When compared to the closing price of the fuel of the previous week, there were no changes in the price.
• Petrol prices stood steady in Pune during the month. It witnessed no fluctuations and stood at the same price point wherein a litre of the fuel was being traded at the rate of Rs.109.50 per litre.
• Petrol closed the month of January while being traded at the rate of Rs.109.50 per litre. The overall performance of the fuel witnessed a stability during the month of January in Pune.

Petrol Price in Pune and other major cities in India

The average petrol price in Bangalore, the capital city of Karnataka, in October 2017 was Rs.69.70 while it was Rs.75.70 in Mumbai, the capital city of Maharashtra. Similarly, the average petrol price in delhi, the capital city of India, was Rs.68.70 while it was Rs.71.20 in Chennai, the capital city of Tamil Nadu. Petrol was sold at an average price of Rs.71.40 in October 2017 in Kolkata, the capital city of West Bengal.

How are Petrol Costs in Pune Reviewed?

Oil marketing companies have quit using the fortnightly revision system and have adopted a new fuel pricing system called dynamic fuel pricing. The new fuel pricing system came into effect on 16 June 2017. Therefore, all non-automated and automated petrol stations across the city will review the petrol rate on a daily basis in lieu of twice a month. Dynamic fuel pricing method is followed by other developed countries such as Australia, Russia and the United States of America.

Petrol consumers in Pune can access the latest cost of petrol by downloading the mobile applications created by all oil marketing corporations including Hindustan Petroleum, Indian Oil and Bharat Petroleum. The revised price will be updated on the websites of all these oil marketing companies. After revising the price at 06:00 a.m. every day, each petrol bunk will display the revised price for the public. Customers can also avail the benefit of the customer care services provided by all oil brands.

Why Dynamic Fuel Pricing?

Dynamic fuel pricing or the daily revision has been adopted in India in order to align petrol users to market dynamics, ensure fuel pricing is free from government influence fully, make fuel pricing transparent, quickly transfer the daily movements in global crude oil prices and the exchange rate to end consumers, deploy the best stock management practices and minimise the impact on the working capital of dealers and oil marketing companies.

How are petrol prices in Pune assessed?

The retail or the final selling price of petrol = cost price of unrefined oil + refinery transfer price + excise duty + VAT + dealer commission + pollution cess + other expenses incurred by oil marketing companies

The formula to compute the cost price of crude is:

Cost of crude oil = exchange rate of INR/USD X cost of crude oil per barrel in overseas markets

Let’s assume the cost of crude oil per barrel in global markets to be $50 and the value of the INR against the USD to be Rs.65. Then the cost of crude oil will be Rs.3,250 ($50X65).

To compute the cost of crude oil per litre, the total cost of crude oil per barrel is divided by 159 since a barrel of crude oil is equivalent to 159 litres. Freight charges incurred by oil marketing companies are added to the cost of crude oil.

Refinery transfer price is the price paid by oil marketing entities in order to convert unrefined oil into petrol. As on 4 October 2017, the central excise duty levied on petrol was Rs.19.48 per litre. As on the same date, the state VAT in Navi Mumbai, Mumbai and Thane was 47.94% on petrol. In the rest of the state, it was 46.81%.

Factors Affecting Petrol Costs in Pune

The final price of petrol is impacted by the exchange rate. When the USD appreciates against the INR, the cost of crude oil will increase; when the USD depreciates against the INR, the cost of crude oil will decrease. Variations in the cost of crude oil have a direct impact on the retail selling price. The exchange rate is influenced by interest rates, inflation rates and the overall public debt of a nation. The central bank of India determines the exchange rate.

Crude oil or unrefined oil is a global commodity and is purchased from foreign oil marketing companies. Moreover, it is traded in global markets. There are many factors that influence the cost of crude oil. The most common factors include the demand for unrefined oil from developing nations, seasonal fluctuations, weather reports, political moves and the capabilities of refineries. The central excise duty and the state VAT are other factors affecting petrol prices.

How does GST Affect Petrol Prices in Pune?

What is GST? The Goods and Services Tax is a completely streamlined taxation platform customised for Indian taxpayers. All merchandisers who sell goods and services pay tax to the government under the purview of GST, which came into effect on 1 July 2017. GST tax rates have no impact on petrol prices since petrol has been excluded from the GST regime. The entire oil and natural gas industry continues to pay taxes under the existing slab. If petrol is brought under the purview of GST, the cost of petrol per litre will be cheaper for consumers.

Petrol price in Pune FAQs

1. The price of petrol fixed in Pune as per which mechanism?

   The price of petrol is fixed in Pune as per the dynamic pricing scheme which was adopted by oil companies in June 2017.

2. On what factors is the price of petrol dependent on?

   The price of petrol is dependent on international oil rates on a 15-day average and the value of rupee against the US dollar.

3. Is the price of petrol revised every day in Pune?

   Yes, the price of petrol is revised every day.

4. Why is the price of petrol revised every day?

   The price of petrol is revised everyday so that the benefit of low international oil rates can be passed on to customers.

5. What was the performance of petrol in the city for the month of September?

   The overall performance of petrol in Pune for the month of September was a one of decline.

Also Check Petrol Price in NearBy Cities of Pune

*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.