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.
03 February 2025, Monday
Bangalore₹102.92PETROL (₹/L)0.00
Chennai₹100.90PETROL (₹/L)0.10
Hyderabad₹107.46PETROL (₹/L)0.00
Kolkata₹105.01PETROL (₹/L)0.00
Mumbai City₹103.50PETROL (₹/L)0.00
New Delhi₹94.77PETROL (₹/L)0.00
Find Fuel Price In Your Region
City Wise Fuel Prices
city | Petrol (1L) | Change |
Bishnupur | ₹99.25 | 0.10 |
Chandel | ₹99.67 | 0.00 |
Churachandpur | ₹99.70 | -0.16 |
East Imphal | ₹99.21 | -0.07 |
Imphal | ₹99.21 | -0.07 |
Jiribam | ₹101.15 | 0.00 |
Kakching | ₹99.51 | 0.00 |
Kangpokpi | ₹99.57 | 0.00 |
Nicobar | ₹82.46 | 0.00 |
Noney | ₹99.67 | 0.00 |
State Wise Fuel Prices
state | Petrol (1L) | Change |
Andaman And Nicobar | ₹82.46 | 0.00 |
Andhra Pradesh | ₹108.35 | -0.10 |
Arunachal Pradesh | ₹91.08 | 0.41 |
Assam | ₹98.19 | 0.00 |
Bihar | ₹105.58 | 0.00 |
Chandigarh | ₹94.30 | 0.00 |
Chhattisgarh | ₹100.31 | -0.16 |
Dadra And Nagar Haveli | ₹92.56 | -0.01 |
Daman And Diu | ₹92.44 | 0.00 |
Delhi | ₹94.77 | 0.00 |
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More on Petrol Prices
Currently, petrol is retailing at Rs 94.77 a litre in Delhi . In Mumbai, Chennai and Kolkata petrol costs Rs 103.50 , Rs 100.90and Rs 105.01 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.
FAQs:
- Why do petrol prices change daily?
Petrol prices change due to dynamic pricing, which reflects fluctuations in international crude oil prices and currency exchange rates.
- What factors influence petrol prices in India?
Factors include global crude oil prices, currency exchange rates, local taxes (VAT), and dealer commissions.
- How is the petrol price calculated in India?
The petrol price includes the cost of crude oil, refinery charges, excise duty, dealer commission, VAT, and other local taxes.
- Which state has the lowest petrol price in India?
States with lower VAT and local taxes usually have lower petrol prices. Check the current petrol prices by state on our page for updates.
- Are petrol prices the same across all fuel stations in a city?
Petrol prices are generally uniform across fuel stations in a city, but slight variations may occur due to differences in operational costs.
- What is the impact of crude oil prices on petrol prices?
Crude oil prices are a major factor in petrol pricing. Any increase or decrease in global crude oil prices directly impacts retail petrol prices.
- How can I save on petrol costs?
To save on petrol, drive efficiently, maintain proper tyre pressure, avoid idling, and use loyalty programs offered by fuel stations.
- Why is petrol more expensive than diesel?
Petrol is more expensive due to higher taxes and differences in the production and demand for diesel and petrol.
- Can petrol prices affect inflation in the economy?
Yes, petrol prices directly impact transportation costs and production expenses, influencing inflation in the economy.
- How do I stay updated on daily petrol price changes?
Subscribe to HT alerts, or visit our website (hindustantimes.com) to get daily updates on petrol prices in your city.
- What is the excise duty on petrol in India?
The excise duty is a central government tax included in the petrol price. It varies over time based on government policies.
- What is the difference between normal petrol and premium petrol?
Premium petrol has higher octane levels and is designed for high-performance vehicles, offering better mileage and engine efficiency.
- Why do petrol prices vary between states?
Petrol prices vary due to differences in state-level taxes, including VAT and additional levies.
- What are the benefits of monitoring petrol prices?
Monitoring petrol prices helps plan your refueling schedule, save money, and make informed travel decisions.
