New Delhi240C
Monday, Oct 14, 2024

Petrol Price in India

Petrol prices are revised at 06:00 A.M every day. From June 2017, Petrol prices in India are revised daily, and this is called the dynamic Petrol price method.

14 October 2024, Monday

  • bangaloreBangalore102.86PETROL (₹/L)0.00
  • chennaiChennai100.75PETROL (₹/L)0.00
  • hyderabadHyderabad107.41PETROL (₹/L)0.00
  • kolkataKolkata104.95PETROL (₹/L)0.00
  • mumbai-cityMumbai City103.44PETROL (₹/L)0.00
  • new-delhiNew Delhi94.72PETROL (₹/L)0.00
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City Wise Fuel Prices

city

Petrol (1L)

Change

Adilabad

109.690.28

Agar

107.650.13

Agartala

97.470.00

Agra

94.47-0.23

Ahmedabad

94.530.09

Ahmednagar

104.27-0.49

Aizwal

99.210.00

Ajmer

104.52-0.10

Akola

104.410.13

Alappuzha

106.400.00
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State Wise Fuel Prices

state

Petrol (1L)

Change

Andaman And Nicobar

82.420.00

Andhra Pradesh

108.290.00

Arunachal Pradesh

90.920.00

Assam

98.350.00

Bihar

105.360.18

Chandigarh

94.240.00

Chhatisgarh

100.390.00

Dadra And Nagar Haveli

92.510.00

Daman And Diu

92.390.00

Delhi

94.720.00
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More on Petrol Prices

Currently, petrol is retailing at Rs 94.72 a litre in Delhi . In Mumbai, Chennai and Kolkata petrol costs Rs 103.44 , Rs 100.75and Rs 104.95 respectively.

India imports about 80% of its oil needs and so domestic pump rates are dependent on international prices, as denominated by Indian basket of crude oil. The other factors on which domestic petrol and diesel prices depend on include central excise duty, VAT or value added tax levied by state governments, dealer and refining margins and transportation cost. As of now, petrol and diesel don't come under the purview of GST.

The value of the rupee also has a bearing on domestic fuel prices. A weak rupee increases the landed cost of dollar-denominated crude oil.

Petrol and diesel prices in India are reviewed daily in line with the benchmark international rate of the preceding 15 days. So state-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) are supposed to review petrol and diesel prices daily in line with the cost.

Diesel is one of the primary sources of energy for transportation of goods in India. Any change in diesel prices has a direct impact on inflation.