Petrol Price In Telangana Today

Petrol price in Telangana today is revised daily based on the ‘Dynamic Fuel Pricing’ mechanism. Here, you can check the current petrol price in Telangana as well as find today's petrol price with quarterly price trends in Telangana. The new petrol price in Telangana is effective from 6:00 am IST.

Get to know how the petrol price in Telangana is calculated and how does it compare to other states. Also, find the current Telangana petrol price and factors affecting petrol prices in Telangana. The below quarterly petrol price trend in Telangana highlights the highest and lowest petrol prices recorded during a month.

  • Today's Petrol Price ( 18 Apr 2019 )
    ₹ 77.39
    Current Petrol Price Per Litre
    Compare Petrol Price in Telangana (Today & Yesterday)
    (18 Apr 2019)
    (17 Apr 2019)
    Rate Change
    Petrol ( / litre) ₹ 77.39 ₹ 77.39 ₹ 0 ↑
    Petrol Price in Telangana - Last 10 Days Data
    Date Petrol ( / litre)
    18 Apr 2019 ₹ 77.39
    17 Apr 2019 ₹ 77.39
    16 Apr 2019 ₹ 77.39
    15 Apr 2019 ₹ 77.44
    14 Apr 2019 ₹ 77.32
    13 Apr 2019 ₹ 77.32
    12 Apr 2019 ₹ 77.32
    11 Apr 2019 ₹ 77.25
    10 Apr 2019 ₹ 77.25
    09 Apr 2019 ₹ 77.25

    Petrol Rate Trend

    • 7 Days
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    • 3 Months
    • 6 Months

    Petrol Prices in Telangana

    Checking petrol prices is enormously important before you fuel your vehicles. It is because petrol prices unlike before keep fluctuating more often in all parts of Telangana, which is a newly formed south Indian state. Since 16 June 2017, the petrol price is getting revised on a daily basis under the fuel pricing mechanism called ‘dynamic fuel pricing’. After the daily revision on 7 November 2017, petrol was sold at Rs.63.29 per litre. The price includes crude oil prices, taxes and the exchange rate.

    Petrol Price in Hyderabad

    Let’s take the three major cities in Telangana in order to make a comprehensive study. In Hyderabad, the capital city of Telangana, the fuel was sold more than Rs.73.30 per litre since the beginning of November 2017. In the previous month, which is October 2017, the fuel was sold at the highest rate of Rs.75.06 per litre whereas the lowest price was Rs.72.28 per litre.

    Petrol Prices in Warangal and Karimnagar

    Warangal is the second largest city in Telangana. After the daily revision on 6 November 2017, the petrol price in the city was Rs.73.54 per litre. On 24 October 2017, the fuel price was Rs.72.76 per litre that increased to Rs.72.76 on 30 October 2017. On 16 October 2017, the fuel was sold at Rs.71.93 per litre whereas on 24 October 2017 the fuel was priced at Rs.72.26 per litre. In Karimnagar, the fifth largest city, the fuel was Rs.73.93 per litre on 6 November 2017 after the daily revision. In all the three major cities in Telangana, the fuel rate was almost the same.

    State Levies on Petrol

    Petroleum Planning and Analysis Cell has recently released data on 04 October 2017. According to reports, the state VAT levied on petrol was 35.20% in Telangana. In Karnataka, it was 30%. In Tamil Nadu, it was 34%. Similarly, the state VAT levied on the fuel was 26.87% in West Bengal. In Uttar Pradesh, it was 32.90%. In Maharashtra, the state VAT was 47.94%, which was the highest.

    Quarterly Petrol Price Trend in Telangana Between October and December 2018

    October November December
    Opening date price Rs.88.85 a litre Rs.84.19 a litre Rs.76.98 a litre
    Closing date price Rs.84.38 a litre Rs.77.35 a litre Rs.72.97 a litre
    Highest price Rs.89.11 a litre booked on the 4 October 2018 Rs.84.19 a litre booked on the 1 November 2018 Rs.76.98 a litre booked on the 1 December 2018
    Lowest Price Rs.84.38 a litre booked on 30 and 31 October 2018 Rs.77.35 a litre booked on the 30 November 2018 Rs.72.97 a litre booked on the 31 December 2018
    Trend Downward Downward Downward
    % Change -5.03% -8.13% -5.21%

    Petrol Price Trend in Telangana Between October and December 2018

    • Like diesel, petrol prices are revised daily by State-owned Oil Marketing Companies (OMCs) under the ‘Dynamic Fuel Pricing’ mechanism, which considers the 14-day average crude oil prices as well as the rupee-dollar exchange rate.
    • Based on this method, the petrol price in Telangana on 1 October stood at Rs.88.85 per litre, a record high on the back of the rising crude oil prices.
    • Prices continued to rise significantly when it recorded the highest price of Rs.89.11 per litre on 4 October.
    • Petrol recorded the lowest price the next day as excise duty of Rs.1.50 per litre was cut by the Centre, while it asked oil firms to reduce Rs.1 per litre under fuel subsidy.
    • While prices increased after 5 October, towards the end of the month, petrol rates in Telangana dropped marginally.
    • Overall, the petrol price trend in Telangana declined by 5.03% attributed to the fall in crude oil prices as well as to the cut in excise duty on fuel.
    • On 1 November, petrol was priced Rs.84.19 per litre in Telangana, which was also the highest recorded price of the month.
    • The incline in oil prices was influenced by the trade war between the US and China as well as after the US pulled out of the Iran Nuclear Deal, which led to a shortage in oil supply.
    • While oil prices were on the decline this month, it was not on par with the start of the year, which kept fuel prices on record highs.
    • By the end of the month, petrol recorded an 8.13% decline in prices influenced by the sharp fall in crude oil prices in the international market.
    • The petrol price in Noida on 1 December stood at Rs.76.98 per litre, a record high for the month in the city.
    • Crude oil prices declined to trade around $56 per barrel, down from four-year record high of $80 per barrel early October.
    • This prompted fuel prices in India to decline when a litre of petrol in Telangana stood at Rs.72.97 per litre on 31 December.
    • By the end of the month, the petrol price trend in Telangana declined by 5.21% impacted by the sharp fall in crude oil rates as well as due to the marginal appreciation of the Indian currency over the US dollar.

    Quarterly Petrol Price Trend in Telangana between July and September 2018

    July August September
    Opening date price Rs.80.03 a litre Rs.80.90 a litre Rs.83.30 a litre
    Closing date price Rs.80.94 a litre Rs.83.30 a litre Rs.88.32 a litre
    Highest price Rs.81.51 a litre recorded on the 14th Rs.83.30 a litre recorded on the 31st Rs.88.32 a litre recorded on the 28th, 29th and 30th
    Lowest Price Rs.80.03 a litre recorded on the 1st Rs.80.90 a litre recorded on the 1st Rs.83.30 a litre recorded on the 1st
    Trend Upward Upward Upward
    % Change +1.14% +2.97% +6.03%

    Petrol Price Trend in Telangana in July 2018

    • Fuel prices in Telangana are revised daily by State-run Oil Marketing Companies (OMCs) based on the dynamic fuel pricing mechanism which takes into account the global crude oil price and the exchange rate of the Indian currency over the U.S. dollar.
    • The petrol price in Hyderabad, the capital city of Telangana, on the 1st of July stood at Rs.80.03 per litre - the lowest price in July.
    • Prices were kept unchanged until the 5th before increasing it by 17 paise per litre on the 6th of the month.
    • During the first and second weeks, petrol prices in Telangana were increased relentlessly to touch the highest price of the month at Rs.81.51 a litre on the 14th of the month.
    • Prices were subsequently reduced; however, it never came below the opening price of the month.
    • By the end of the month, petrol prices had reduced by 57 paise as against the highest price recorded during the month when a litre was sold at Rs.80.94 a litre on the 30th of the month.
    • The petrol price trend in Telangana during the month of July grew by 1.14% primarily due to the marginal rise in crude oil price in the global market.

    Petrol Price Trend in Telangana in August 2018

    • Oil companies reduced the petrol price in Telangana on the 1st of August by 3 paise per to stand at Rs.80.90 per litre. This was also the lowest price recorded in Telangana in August.
    • Petrol prices were increased daily during the first and second weeks as crude oil prices continued to soar.
    • The rise in crude oil prices in the global market was due to geopolitical tensions between the U.S. administration and Iran as the former pulled out of the nuclear deal between the two nations.
    • This led to a shortage in the supply of crude oil in the market prompting fuel prices to increase across the globe.
    • By the end of the month, petrol prices in Telangana rose to touch Rs.83.30 per litre, an increase of Rs.2.40 per litre when compared to the opening price of the month. This was also the highest price registered during the course of the month.
    • Overall, petrol prices during the month of August in Telangana inclined by 2.97% mainly due to the increase in crude oil prices in the market.

    Petrol Price Trend in Telangana in September 2018

    • On the 1st of September, the petrol price in Telangana stood at Rs.83.30 per litre similar to that of previous day. This rate was the lowest price of the month in the State.
    • There was no let up as petrol prices continued to rise significantly over the course of the first and second weeks.
    • The incline in fuel prices was influenced by the steep increase in crude oil prices due to geopolitical tensions.
    • Crude oil price rose to touch $80 per barrel, a four-year high prompting fuel prices to soar across the globe.
    • Additionally, the exchange rate of the Indian currency touch record low of Rs.72 over the U.S. dollar.
    • Both the rise in oil prices and the massive drop in the exchange rate of rupee-dollar influenced fuel prices to touch record levels during the third and fourth weeks.
    • By the end of the month, petrol prices in Telangana during September rose to touch the highest price of Rs.88.32 per litre on the 28th which was kept untouched until the last day.
    • Overall, the petrol price trend in Telangana during the month grew significantly by 6.03% primarily due to the sharp incline in oil prices coupled with the depreciation of the Indian currency.

    How are Petrol Rates in Telangana Revised?

    Since the introduction of dynamic fuel pricing on 16 June 2017, fuel rates (diesel and petrol) are revised at 06:00 a.m. every day in all cities in Telangana. It is advisable to check for a change in petrol prices. The daily revision of fuel rates will only for a few paise. If your fuel consumption is more, a minute variation can also mean a lot. The petrol price is revised largely based on the currency conversion rate and worldwide crude oil prices.

    Advantages of Dynamic Fuel Pricing

    Dynamic Fuel Pricing offers the following benefits:

    • The mechanism ensures 100% fuel pricing.
    • Dealers can effectively and efficiently manage stocks.
    • The Indian fuel retailing sector can be interlinked to global fuel markets.
    • Daily movements in the exchange rate and crude oil rates can be easily transferred to end consumers like you.
    • Dealers and oil marketing companies can manage their working capital effectively and efficiently.

    Quarterly Petrol Price Trend in Telangana Between April and June 2018

    April May June
    Opening date price Rs.78.08 per litre Rs.79.04 per litre Rs.82.98 per litre
    Closing date price Rs.79.04 per litre Rs.83.04 per litre Rs.80.03 per litre
    Highest price Rs.79.08 per litre recorded on 24th Rs.83.13 per litre recorded on 29th Rs.82.98 per litre recorded on 1st
    Lowest price Rs.78.08 per litre recorded on 1st Rs.79.04 per litre recorded from 1st to 11th Rs.80.03 per litre recorded from 27th to 30th
    Trend Upward Upward Downward
    %Change +1.23% +5.06% -3.56%

    Petrol Price Trend in Telangana in April 2018

    • On 1st, the petrol price in Hyderabad, the current capital of Telangana, stood at Rs.78.08 a litre. This was also the lowest price of the month in the State.
    • Petrol prices in India are revised every day under the ‘Dynamic Fuel Pricing’ mechanism. State-run oil companies fix petrol prices based on the global crude oil rate and the currency exchange value.
    • With prices revised daily, during the first week, petrol prices in Telangana moved upwards marginally impacted by the rise in oil prices.
    • While petrol prices inclined marginally, it was not influenced by domestic factors such as taxes, operational costs or the commission to dealers but rather by international factors of oil and currency exchange rates.
    • Petrol prices rose to post the highest cost for the month at Rs.79.05 per litre on the 24th of the month mainly due to the increase in oil prices.
    • There was an upward trend in petrol prices in Telangana of 1.23% largely due to higher crude oil rates.

    Petrol Price Trend in Telangana in May 2018

    • Fuel companies kept the petrol price unchanged in Telangana until the 11th of the month as oil prices in the global market remained steady.
    • Petrol prices were revised from the 12th onwards with the cost increased in tandem with the crude oil price.
    • The global crude oil price increased sharply in the backdrop of fears over a shortage in supply. With the US administration pulling out of the Iran nuclear deal, there were apprehensions that sanctions will be imposed by the US and thereby leading to a potential shortage in supply of oil.
    • By the end of the third week, petrol prices had risen by Rs.2.11 per litre in Telangana compared to the 1st of the month.
    • With the significant rise in crude oil rates, petrol prices in India continued to increase sharply to touch an all-time high of Rs.83.13 per litre in Telangana.
    • By the end of the month, petrol prices in the State grew considerably by 5.06% despite the State and the Centre keeping domestic factors such as taxes and operational costs unchanged.

    Petrol Price Trend in Telangana in June 2018

    • The petrol price on 1st in the State stood at Rs.82.98 a litre, a slight reduction in price over the previous day. This price was also the highest for the month.
    • During the first week, petrol prices in the State remained steady with a marginal decline in cost.
    • With fuel prices touching an all-time high across the globe, the members of the Organisation of Petroleum Exporting Countries (OPEC) and its key ally Russia decided to meet on the 22nd to discuss ways to tackle the rising oil price.
    • Petrol price in Telangana fell marginally in the second and third week influenced by the drop in crude oil rates in the global market.
    • OPEC and Russia agreed to increase the production of oil by about one million barrels a day to offset disruptions in Libya and Venezuela along with the looming losses in Iran.
    • The lowest petrol price in the State was recorded on the 27th at Rs.80.03 influenced by the fall in the global crude oil rate.
    • Overall, petrol prices in Telangana in June reflected a downward trend of 3.56% mainly impacted by the decline in crude oil prices in the global market.

    Trend in Petrol Price in Telangana between January 2018 and March 2018

    January February March
    Opening date price Rs.74.09 a litre Rs.77.34 a litre Rs.75.84 a litre
    Closing date price Rs.77.22 a litre Rs.75.70 a litre Rs.77.89 a litre
    Highest price Rs.77.22 a litre booked on 31st Rs.77.69 a litre booked on 6th and 7th Rs.77.89 a litre booked on 31st
    Lowest price Rs.74.09 a litre booked on 1st Rs.75.70 a litre booked on 28th Rs.75.84 a litre booked on 1st
    Trend Upward Downward Upward
    %Change +4.22% -2.12% +2.70%

    Trend in Petrol Price in Telangana in January 2018

    • Petrol turned out to be an expensive fuel in Telangana. A multi-year high was ruptured at Rs.77.22 a litre this month because of crude oil expenses.
    • The exchange rate also impacts the revision of the price tag to some degree. In this month, the USD depreciated minutely versus the Indian currency.
    • Since there were no notable changes in the crude oil overheads and the exchange rate, fuel prices for the first 3 days were steady.
    • Afterwards, the Indian Oil Marketing Companies have begun increasing the fuel rate under the dynamic fuel pricing framework.
    • Dynamic fuel pricing enables the Indian OMCs to instantly transmit the changes in the currency conversion rate and transactional unrefined oil rates to customers.
    • Fuel buyers were asked to pay Rs.74.09 to buy a litre of petrol in Hyderabad on 1st. The offer flown to Rs.74.42 a litre on 7th. You can now watch a price rise of 39 paise a litre.
    • Likewise, on 15th, the fuel price further increased to Rs.75.37 a litre and Rs.76.33 a litre on 21st. The offer as on 28th stood at Rs.77.06 a litre. It can be interpreted that the weekly growth rate has gone up progressively.

    Trend in Petrol Price in Telangana in February 2018

    • On 1st, Arun Jaitley presented the Union Budget to the country. He announced a few noticeable changes in the excise duty levied on petrol. Fascinatingly, the fuel market was not affected by the announcement of the budget.
    • During the first week, the average petrol rate in Hyderabad was Rs.77.51 a litre. The average fuel rate dropped to Rs.77.46 a litre during the second week.
    • A price difference of 5 paise per litre was provoked by a strengthened USD and a reasonable gain in the price of unrefined oil in international markets.
    • Further, the average fuel rate decreased to Rs.76.37 a litre during the third week and Rs.75.75 a litre during the last week.
    • In the entire month, Hindustan Petroleum, Bharat Petroleum and Indian Oil have declared a price fall of 2.12% in all parts of Telangana influenced a fall in the demand for unrefined oil.
    • As far as indigenous forces are concerned, no deviations were noted. The fabrication and supply of crude oil were usual.
    • Globally, refinery activities were also reported to be steady. The revision of crude oil costs was not affected by the political trends in oil-producing countries.

    Trend in Petrol Price in Telangana in March 2018

    • No changes have been made as far as the excise duty is concerned in the quarter. As of 31st, on petrol per litre, the central levy was Rs.19.48. The State Government of Telangana collected the VAT at 33.21%.
    • The overheads incurred by the Indian OMCs were Rs.8 per litre and the commission charged by the fuel dealers was Rs.3.59 a litre across the state of Telangana.
    • In sync with the INR/USD currency translation rate and global unrefined oil prices, the petrol rate appreciated 4.87% to Rs.77.89 a litre on 31st between January 2018 and March 2018.
    • For the whole quarter, the highest and lowest fuel prices stood at Rs.77.89 a litre and Rs.74.09 a litre.
    • Like the first two months, the supply of crude oil was persistent in March also. According to reliable sources, the production of crude oil remained unaffected.
    • The Central Government may reduce the tax on petrol to curb the growing fuel prices. Moreover, the State Government of Telangana may consider revising the VAT to reduce the fuel price for end consumers.

    Why do Petrol Rates in Telangana Change Every Day?

    Petrol prices in Telangana are varying every day due to the variations in global crude oil prices. Petrol is not a domestic commodity. India imports crude oil from foreign companies. Depending upon several factors such as importing charges, the demand for crude oil and export expense, the petrol rate in all parts of Telangana is determined. The demand for petrol is growing day by day with a growing number of petrol-run vehicles. Premier oil marketing companies consider charges and duties and offer a new price every day. The price will be slightly different because of various charges and tolls.

    How can you Trace the Current Petrol Price in Telangana?

    Indian oil marketing companies, which include Indian Oil, Bharat Petroleum and Hindustan Petroleum, have introduced many ways to track petrol prices daily at 06:00 a.m. Petrol consumers can trace the petrol price through mobile applications designed by oil marketing entities, SMS alerts, toll-free customer care numbers and websites. Fuel@IOC is the mobile application of Indian Oil, SmartDrive is the mobile application of Bharat Petroleum and My HPCL is the mobile application of Hindustan Petroleum.

    How are Petrol Prices in Telangana Computed?

    The Retail Selling Price of Petrol Consists of the following factors:

    Taxes: How much is petrol taxed currently in Telangana? The tax imposed on petrol by the local government is subject to vary. Recently, Maharashtra and Gujarat have diminished the state VAT. In Telangana, petrol was taxed at 35.20% as on 4 October 2017. The central excise duty was Rs.19.48 per litre as on the same date.

    Crude Oil Rates: Crude oil is bought from foreign oil marketing companies on a contractual basis. On 6 November, WTI Crude Oil was priced at 57.35 per barrel, which is equivalent to 159 litres.

    Refinery transfer price (RTP): Refinery transfer price is paid by oil marketing companies. It is paid to convert crude oil into petrol.

    Expenses incurred by OMCs: Entry taxes, operational expenses, marketing expenses and freight charges are the expenses incurred by oil marketing companies.

    Therefore, the final price of petrol paid by end consumers includes all the aforesaid components. Pollution cess and the commission charged by dealers are also included in the retail selling price of petrol.

    Factors Affecting Petrol Prices in Telangana

    If the INR, the Indian currency, falls against the USD, the currency of the United States of America; the cost price of crude oil increases, and thus the retail selling price goes up. If the INR appreciates against the USD; the cost price of petrol decreases, and thus the retail selling price comes down. Crude oil prices and taxes are other factors affecting petrol prices in Telangana. The excise duty was reduced to Rs.19.48 per litre. Therefore, petrol prices were down in Telangana in October 2017.

    Effect of GST on Petrol Prices in Telangana

    The Goods and Services Tax (GST) is a united tax system introduced in India in July 2017. Unlike other commodities, petrol has been kept outside the scope of GST. So, GST has no impact on petrol prices. In a bigger picture, the oil and natural gas industry does not fall under the GST regime. If GST is levied, the cost of compliance will increase for industry participants and the petrol cost will decrease by 35-40%. The current GST rates should be reworked in order to apply GST on petrol.

    Also Check Petrol Price in NearBy Cities of Telangana

    *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.

    News About Petrol Price In Telangana

    • Oil Firms Hike Petrol and Diesel Prices Today

      Petrol and diesel prices were hiked today by State-run oil firms across major metro cities. While the price of petrol increased by 5 paise per litre, diesel witnessed a hike by 6-7 paise per litre. After the revision, the petrol price in Delhi stands at Rs.70.33 per litre and diesel at Rs.65.62 per litre. In Kolkata, petrol costs Rs.72.44 per litre and diesel costs Rs.67.40 per litre. In Chennai, petrol is available at Rs.73.00 per litre and diesel at Rs.69.25 per litre. In the financial capital Mumbai, petrol is being retailed at Rs.75.97 per litre and diesel at Rs.68.71 per litre. In Noida and Gurugram, petrol costs Rs.70.25 per litre and Rs.71.26 per litre, respectively, while diesel costs Rs.64.85 per litre and 65.44 per litre, respectively. International benchmark Brent Crude Oil Futures were trading at $61.39 per barrel, down by 1.1% or 7 cents compared to their last settlement.

      12 February 2019

    • Petrol Pump Dealers to Question Government’s Decision of Opening 56,000 new Pumps

      The central government had announced on 26th November that it will open over 55,649 fuel pumps across the country as a pre-election bonanza for the people. While there were plenty of people who lauded the move, one body that has vehemently went against this move is the apex body for petrol pump dealers. The body has said that opening so many outlets is contrary to the government’s own policy and went on to also question the legality of such a move.

      Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) issued an announcement on the 25th that over 55,649 pumps will be opened across the country. This announcement has irked a lot of pump dealers who have voiced their dissent against the central government. At present, India has over 64,674 petrol pumps, most of which are owned by public sectors firms. The highest private sector owned pumps come from Nayara Energy Ltd, which has 4,895 outlets, Reliance Industries has over 1,400 outlets, while Royal Dutch/Shell has over 116 outlets.

      The opening of new outlets will almost double the number of outlets in the country and it will go beyond the 1 lakh figure once all of them become operational. The association of petrol pump dealers have also planned to challenge the motion in court and have hired to top bearer to stand in their stead.

      3 December 2018

    • Stock Prices of HPCL, BPCL and IOCL to Gain Slightly

      The stock prices of the oil marketing companies such as HPCL, BPCL and IOCL have increased slightly after crude oil prices dropped to their 2-week low. The share prices of Hindustan Petroleum increased by 19.8% at Rs.216.40 per share on the National Stock Market (NSE). Similarly, the stock prices of GAIL increased by 4.65% at Rs.352, the stock prices of Bharat Petroleum by 7.2% at Rs.284.50 per share, the share prices of IOCL by 7.4% at Rs.159.60 and the stock prices of HPCL by 19.8% at Rs.216.40 per share. The S&P Bombay Stock Exchange oil and gas index increased by 5% on the Bombay Stock Exchange. The stock prices of the oil marketing companies have increased because of the fact that they need to have to worry about the higher subsidies for oil.

      17 October 2018

    • Petrol Hiked by Rs.0.24 per litre

      Oil Marketing Companies (OMCs) on Monday hiked the prices of petrol by Rs.0.24 per litre in the financial capital of the country i.e., Monday. The recent hike saw the price for one litre of petrol cross the Rs.91-mark in Mumbai. As of Monday, every litre of petrol in Mumbai costs Rs.91.08 at Indian Oil Corporation outlets, Rs.91.15 at Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) outlets. It needs to be mentioned that since mid-August the prices of petrol have risen by Rs.6.59 per litre. This is the most in any six weeks after Oil Marketing Companies (OMCs) adopted the dynamic fuel pricing scheme in June last year.

      On the global front, the cost of Brent crude oil rose to its highest since November 2014 on Monday. Brent which is the benchmark for more than half the world’s oil climbed to $83.27 per barrel. It is noteworthy to mention that high international crude oil prices accompanied by the fall of rupee against the dollar have resulted in high petrol and diesel prices in the country.

      3 October 2018

    • Rising Fuel Prices Turning into a Concern for Prime Minister Narendra Modi

      India being the world’s fastest and fastest growing oil user is under significant threat right now as the free fall of the rupee returns and is posing a problem for Prime MInister Narendra Modi.

      The rupee, which was Asia’s worst performer, has caused petrol and diesel prices to hit a new high and the backlash against the government has also risen massively with opposition parties and people alike are going against the government.

      Thus far, the NDA government has decided against populist tax cuts on fuel prices as it doesn’t want to miss the budget goals. However, the constant rise rupee is pushing the administration into a corner and it is now left to either balance the economy or forgo the massive revenues the taxes generate.

      It remains to be seen how the Narendra Modi government will tackle this situation and still come out on top. On Monday, petrol prices hit Rs.89 in Mumbai and was closing in on the Rs.90 per mark while other cities like Chennai and Kolkata saw it trade at the Rs.85 per litre range.

      21 September 2018

    • The Rise in Fuel Prices under the NDA and UPA Governments

      The NDA Government came up with some graphical representation of the hike in fuel prices in order to defend the Modi-led NDA Government on Monday against the attack of the opposition parties on fuel price rise. The graphs, which went viral on social media channels, clearly depicted the percentage rise in both diesel and petrol rates under the BJP-led Government. A graph on diesel price interprets that diesel rate increased by 28% between 16 May 2014 and 10 September 2018 under the Modi-led NDA Government and between 16 May 20009 and 16 May 2014, diesel price was up by 83.7%.

      The graph on diesel shows a fall in diesel prices instead of a rise. Moreover, the graph on petrol shows a decrease in petrol prices instead of a rise. On Monday, a litre of petrol was sold at a price of Rs.80.73 and a litre of diesel was retailed at Rs.72.83 in Delhi, the national capital. The Congress Party said the graphs on diesel and petrol released by the BJP are incorrect. When the cost of a barrel of petroleum was $106.85, petrol price was Rs.72.26 a litre and diesel price per litre was Rs.55.49 in Delhi in May 2014. As on 10 September 2018, the cost of a barrel of crude oil was $77.51, petrol price per litre in Delhi was Rs.80.73 and diesel price per litre was Rs.72.83 in the national capital.

      12 September 2018

    • Petrol and Diesel Rates Kept Unchanged Today

      State-owned fuel companies kept petrol and diesel prices unchanged today across four metro cities of the country. As per India’s largest oil retailer, Indian Oil petrol is being sold at Rs.76.31 per litre in New Delhi, Rs.83.76 in Mumbai, Rs.79.20 in Kolkata and Rs.79.26 in Chennai. Diesel prices stand at Rs.67.82 in New Delhi, while in Kolkata, Mumbai and Chennai petrol are available at Rs.70.58, Rs.72.00 and Rs.71.62 a litre respectively. The prices are effective from 6:00 am from 1 August 2018. Fuel companies such as Bharat Petroleum, Hindustan Petroleum and Indian Oil revise petrol and diesel prices on a daily basis under the ‘Dynamic Fuel Pricing’ mechanism by including the global crude oil rate and the currency exchange value of the US dollar over rupee.

      6 August 2018

    • Petrol Rates Have been cut Today, Check Petrol Rates City-wise

      State-run fuel companies decreased the petrol rate on Monday, 17 July 2018. The petrol prices were Rs.76.84 a litre in Delhi, Rs.79.51 a litre in Kolkata, Rs.84.22 a litre in Mumbai and Rs.79.77 a litre in Chennai. On Sunday, 16 July 2018, petrol rates were retained unchanged at Rs.76.95 a litre in Delhi, Rs.79.61 a litre in Kolkata, Rs.84.33 a litre in Mumbai and Rs.79.87 a litre in Chennai respectively. Oil rates also fell on Monday. The price of US crude oil per barrel was dropped by 0.5%, while the price of Brent crude oil was decreased by 0.7%.

      Currently, Indian fuel companies such as Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited will make use of dynamic fuel pricing to reset the price of petrol per litre. Petrol rates are revised considering the previous day’s crude oil rate per barrel and the exchange rate. Under this system, petrol rates not only in metro cities but also in other cities increased and crossed their multi-year highs. The government was criticised by the common public and even by the fuel users across India for not making petrol prices cheaper.

      17 July 2018

    • Government Unlikely To Cut Fuel Prices Despite Decline In The Global Crude Price

      The Modi government is looking to prevail the ongoing call to cut fuel prices despite the global rally in crude oil price is likely to reduce and this will ease the burden of the end consumers. With high fuel prices becoming an issue, the government may be reluctant in cutting the excise duty to reduce the Retail Selling Price of fuel in the country. Oil prices have declined by $2 per barrel in the last two days after leading oil-producer Saudi Arabia and its partner outside the OPEC group, Russia, indicated that they may agree to relax the two-year production cut deal. The World Bank has projected a jump in global prices of energy commodities such as crude oil, gas and coal by 20% this year. This could hinder the Modi government expenditure on social welfare schemes.

      28 May 2018

    • Petrol Prices Kept Unchanged for the Fourteenth Consecutive Day

      State owned oil companies decided to keep petrol prices unchanged for the fourteenth consecutive day even though international crude oil prices touched the 70 dollars per barrel mark on Monday. Global crude oil prices touched the 70 dollar mark for the first time since November 2014 after the economic crisis in Venezuela deepened.

      Given that international crude prices have continued to surge, the government had asked oil companies in the country to absorb Rs.1 hike every litre but that seems difficult as there is not much room for reduction.

      As of Monday, petrol prices in metros like New Delhi, Mumbai, Kolkata and Chennai were Rs.74.63, Rs.82.48 Rs.77.32 and Rs.77.43 respectively. In other state capitals of the country, petrol prices were as follows – Rs.75.82 in Bengaluru, Rs.71.77 in Chandigarh, Rs.79.04 in Hyderabad, Rs.80.13 in Patna, Rs.79 in Srinagar etc. On the international front, Brent Crude oil futures were up by 84 cents to 75.71 dollars while U.S West Texas Intermediate (WTI) crude futures were up by 66 cents to 70.39 dollars per barrel.

      7 May 2018

    • The Goods and Services Tax (GST) Council to assemble on 18 January

      A meeting of the Council of the Goods and Services Tax (GST) has been scheduled on 18 January 2018 ahead of the budget of the central government. The Council discusses about the climbing petrol prices at the meeting, which is led by Arun Jaitley, Finance Minister. The Council may conclude the discussion, but the seriousness of the decision relies on the readiness of all Indian states to reduce the Value-added Tax (VAT).

      Last week, Dharmendra Pradhan, Oil Minister, reacted to queries whether the Central Government shall diminish the excise duty on both diesel and petrol through instructing all state governments to dampen Value-added Tax (VAT). Since December 2014, Brent Crude Oil reached $70.05 a barrel previous week whereas WTI Crude Oil reached $64.77 per barrel. The rally in crude oil rates transformed signals to the government to reduce the central excise duty by Rs.2 a litre in the October 2017 when the price of petrol touched Rs.70.88 a litre in the national capital. Owing to the reduction in the central excise duty, the petrol price fell to Rs.70.88 per litre in the national capital.

      18 January 2018

    Petrol Price In Metro Cities
    Petrol Price In Other Capitals
    Petrol Price In Other Major Cities
    Petrol Price In States

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