Petrol Price In Punjab Today

  • Today's Petrol Price (27 Nov 2022)

    ₹ 96.18
    Current Petrol Price Per Litre

    Compare Petrol Price in Punjab (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Petrol ( / litre) ₹ 96.18 ₹ 96.18 ₹ 0 ↑

    Petrol Price in Punjab - Last 10 Days Data

    Date Petrol ( / litre)
    27 Nov 2022 ₹ 96.18
    26 Nov 2022 ₹ 96.18
    25 Nov 2022 ₹ 96.18
    24 Nov 2022 ₹ 96.18
    23 Nov 2022 ₹ 96.18
    22 Nov 2022 ₹ 96.18
    21 Nov 2022 ₹ 96.18
    20 Nov 2022 ₹ 96.18
    19 Nov 2022 ₹ 96.18
    18 Nov 2022 ₹ 96.18

    Petrol Rate Trend

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

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

    Parameters Rates/litre
    1st October Rs.96.18
    31st October Rs.96.18
    Highest Rate in October Rs.96.18 from 1 to 31 October
    Lowest Rate in October Rs.96.18 from 1 to 31 October
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Punjab for October 2022

    • Petrol prices opened the month of October standing at the rate of Rs.96.18 per litre in Punjab. 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 Punjab.
    • In Punjab, the last week of October closed with the price of the fuel standing at the rate of Rs.96.18 per litre. Over the month, the fuel prices displayed a stability in its overall performance in Punjab.

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

    Parameters Rates/litre
    1st September Rs.96.18
    30th September Rs.96.18
    Highest Rate in September Rs.96.18 from 1 to 30 September
    Lowest Rate in September Rs.96.18 from 1 to 30 September
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Punjab for September 2022

    • Petrol prices opened the month of September standing at the rate of Rs.96.18 per litre in Punjab. 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 Punjab.
    • In Punjab, the last week of September closed with the price of the fuel standing at the rate of Rs.96.18 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Punjab.

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

    Parameters Rates/litre
    1st August Rs.96.18
    31st August Rs.96.18
    Highest Rate in August Rs.96.18 from 1 to 31 August
    Lowest Rate in August Rs.96.18 from 1 to 31 August
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Punjab for August 2022

    • Petrol prices opened the month of August standing at the rate of Rs.96.18 per litre in Punjab. 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 Punjab.
    • In Punjab, the last week of August closed with the price of the fuel standing at the rate of Rs.96.18 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Punjab.

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

    Parameters Rates/litre
    1st July Rs.96.18
    31st July Rs.96.18
    Highest Rate in July Rs.96.18 from 1 to 31 July
    Lowest Rate in July Rs.96.18 from 1 to 31 July
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Punjab for July 2022

    • Petrol prices opened the month of July standing at the rate of Rs.96.18 per litre in Punjab. 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 Punjab.
    • In Punjab, the last week of July closed with the price of the fuel standing at the rate of Rs.96.18 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Punjab.

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

    Parameters Rates/litre
    1st June Rs.96.18
    30th June Rs.96.18
    Highest Rate in June Rs.96.18 from 1 to 30 June
    Lowest Rate in June Rs.96.18 from 1 to 30 June
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Punjab for June 2022

    • Petrol prices opened the month of June standing at the rate of Rs.96.18 per litre in Punjab. 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 Punjab.
    • In Punjab, the last week of June closed with the price of the fuel standing at the rate of Rs.96.18 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Punjab.

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

    Parameters Rates/litre
    1st May Rs.104.74
    31st May Rs.96.18
    Highest Rate in May Rs.104.74 on 1 May
    Lowest Rate in May Rs.96.18 from 22 to 31 May
    Overall Performance Decline
    Percentage Change -8.17%

    Monthly Petrol Price Trend in Punjab for May 2022

    • Petrol price in Punjab opened the month of May standing at the rate of Rs.104.74 per litre.
    • The highest petrol rate was recorded on 1 May wherein a litre of petrol was being traded at the rate of Rs.104.74. The lowest price of petrol was recorded from 22 to 31 May when it stood at the rate of Rs.96.18 per litre.
    • In Punjab, the month of May closed with the price of the fuel standing at the rate of Rs.96.18 per litre. There was an overall declining trend of -8.17% in the performance of petrol price in Punjab.

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

    Parameters Rates/litre
    1st April Rs.101.19
    30th April Rs.104.74
    Highest Rate in April Rs.104.74 on 30 April
    Lowest Rate in April Rs.101.19 on 1 April
    Overall Performance Incline
    Percentage Change 3.51%

    Monthly Petrol Price Trend in Punjab for April 2022

    • Petrol price in Punjab opened the month of April standing at the rate of Rs.101.19 per litre.
    • The highest petrol rate was recorded on 30 April wherein a litre of petrol was being traded at the rate of Rs.104.74. The lowest price of petrol was recorded on 1 April when it stood at the rate of Rs.101.19 per litre.
    • In Punjab, the month of April closed with the price of the fuel standing at the rate of Rs.104.74 per litre. There was an overall inclining trend of 3.51% in the performance of petrol price in Punjab.

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

    Parameters Rates/litre
    1st March Rs.94.21
    31st March Rs.101.19
    Highest Rate in March Rs.101.19 on 31 March
    Lowest Rate in March Rs.94.21 from 1 March to 21 March
    Overall Performance Incline
    Percentage Change 7.41%

    Monthly Petrol Price Trend in Punjab for March 2022

    • Petrol price in Punjab opened the month of March standing at the rate of Rs.94.21 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.101.19. The lowest price of petrol was recorded from 1 to 21 March when it stood at the rate of Rs.94.21 per litre.
    • In Punjab, the month of March closed with the price of the fuel standing at the rate of Rs.101.19 per litre. There was an overall inclining trend of 7.41% in the performance of petrol price in Punjab.

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

    Parameters Rates/litre
    1st February Rs.94.21
    28th February Rs.94.21
    Highest Rate in February Rs.94.21 from 1 to 28 February
    Lowest Rate in February Rs.94.21 from 1 to 28 February
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Punjab for February 2022

    • Petrol prices in Punjab opened the month of February standing at the rate of Rs.94.21 per litre. There were no fluctuations or changes in the price of the fuel when compared to the closing price of the previous month.
    • The price of the liquid gold stood steady in Punjab 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.94.21 per litre.
    • In February, the price of petrol closed the month at the rate of Rs.94.21 per litre. The overall performance of the fuel witnessed a stability during the month of February in Punjab.

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

    Parameters Rates/litre
    1st January Rs.94.21
    31st January Rs.94.21
    Highest Rate in January Rs.94.21 from 1 to 31 January
    Lowest Rate in January Rs.94.21 from 1 to 31 January
    Overall Performance Stable
    Percentage Change 0%

    Monthly Petrol Price Trend in Punjab for January 2022

    • The price of petrol in Punjab opened the month of January standing at the rate of Rs.94.21 per litre. When compared to the closing price of the fuel of the previous week, there were no changes in the price.
    • The price of the liquid gold stood steady in Punjab 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.94.21 per litre.
    • Petrol closed the month of January while being traded at the rate of Rs.94.21 per litre. The overall performance of the fuel witnessed a stability during the month of January in Punjab.

    What is the base to determine the current petrol rate in the Punjab? The daily revision will also take into intercontinental crude oil rates and the exchange rate of the Indian currency to the currency of the United States. The price what we pay for petrol today may not the same tomorrow. Why? When the petrol rate is assessed on the basis of the exchange rate and worldwide crude oil prices, it tends to vary every day slightly.

    The daily revision of petrol prices in the Punjab is beneficial for final consumers and retailers as well. The owners of diesel bunks across the state can practice the best inventory management principles. This was not the case in the previous revision system. Each diesel supply station throughout the state will display revised rates after 06:00 a.m. every day.

    For the benefit of petrol consumers, all state-run oil marketing brands including Shell Oil, Indian Oil, Hindustan Petroleum, and Bharat Petroleum in the state will help you track the latest petrol price through an online service, an SMS service, and a customer care service. All brands have uniquely designed mobile applications to help consumers get revised fuel rates quickly and easily.

    Petrol Price in Punjab

    The average petrol rate in Punjab since the reduction of the central excise was Rs.68.54 per litre. The highest rate that was recently offered was Rs.71.02. In September 2017, petrol rates in Chandigarh, which is the capital city of the Punjab, have increased by 1.98%. In August 2017, they have accelerated by 5.41% and by 3.32% in July 2017. On the opening day of June, the cost of petrol was Rs.67.22 that was later decreased to Rs.63.51 on the closing day of the month. In May 2017, prices were almost consistent throughout the month.

    Petrol Costs in Punjab and Other States

    Petrol prices cannot be the same across the country. In some states like Maharashtra, the tax that is imposed on petrol by the local government is comparatively high amid all states. The average prices of petrol per litre were Rs.68.54, Rs.70.89, Rs.68.40, and Rs.71.71 in the Punjab, Tamil Nadu, New Delhi, and West Bengal. The lowest price is being offered by New Delhi. The highest price is being offered by Maharashtra followed by Tamil Nadu.

    Procedure to Compute Petrol Prices in in Punjab

    The current petrol rate Punjab is assessed using the following formula:

    RSP= Cost of crude oil (including freights) + Refinery Transfer Price + OMCs’ profit margin + the central excise + VAT + commission charged by dealers + pollution cess

    Over 80% of the country’s crude oil requirement is met through importing crude oil from overseas oil-producing nations. Indigenous production only suffices the remaining 20%. The cost incurred by Indian oil marketing companies to buy crude oil is called COB (including freight charges). Oil marketing companies also incur the refinery transfer price (RTP), which is charged by refineries to convert crude oil into petrol.

    Pump owners charge a certain percentage of profit margin for supplying petrol. The percentage of profit margin may vary within the cities of the Punjab. The commission charged by petrol bunks, which are nearer to supply stations, is less compared to that of petrol pumps that are far from supply stations. Amid all Indian states, the central excise duty charged on petrol is the same, but VAT varies from one state to another. As on 1 September 2017, the state government of the Punjab taxes petrol by 36.04%.

    Elements Impacting Petrol Prices in Punjab

    Petrol prices in the Punjab are influenced by the cost of crude oil, which is traded transnationally, the fluctuations in the currency conversion rate, customs duty, excise duty, and VAT. Similarly, the purchasing cost of crude oil is impacted by changes in weather and seasons, the equation of supply and demand, the percentage of reserves and supplies, demand for crude oil from developing economies like India, and transnational political events.

    The retail selling price of petrol will increase if the cost of crude oil, customs duty, excise duty, and VAT increase. It will fall down if the cost of crude oil, customs duty, excise duty, and VAT decrease. The tax component can be domestically administered, but factors like the exchange rate and crude oil rates cannot be domestically managed.

    How are Petrol Prices in Punjab Responding to GST?

    In India, there is no other tax form except Goods and Services Tax (GST). GST is in practice since 1 July 2017. It is applicable to all types of goods and services, which are transacted throughout the nation, except petroleum derivatives including petrol. Currently, petrol is not taxed under the regime of GST. Therefore, petrol rates are not impacted by present tax slabs. In a broader picture, the entire oil and natural gas industry has been kept outside the GST purview.

    Diesel Rate vs. Petrol Rates in Punjab

    Like mentioned in the earlier section, the average price of petrol per litre in all cities of the state was Rs.68.54. The average price of diesel was Rs.57.73 as on the latest date, which 11 October 2017. The difference between two fuels does not fluctuate much compared to other states such as Kerala, Maharashtra, Tamil Nadu, and West Bengal. The current petrol price is moving in an upward direction.

    Also Check Petrol Price in NearBy Cities of Punjab

    *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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