New Delhi 250C
Thursday, Oct 5, 2023

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.

05 October 2023, Thursday

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    City Wise Fuel Prices

    city

    Petrol (1L)

    Change

    Adilabad

    111.830.00

    Agar

    109.7-0.30

    Agartala

    99.490.00

    Agra

    96.470.11

    Ahmedabad

    96.490.07

    Ahmednagar

    106.210.00

    Aizwal

    95.840.00

    Ajmer

    108.2-0.17

    Akola

    106.140.00

    Alappuzha

    108.490.72
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    State Wise Fuel Prices

    state

    Petrol (1L)

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    Andaman And Nicobar

    84.10.00

    Andhra Pradesh

    110.480.00

    Arunachal Pradesh

    92.78-0.05

    Assam

    98.080.05

    Bihar

    107.240.00

    Chandigarh

    96.20.00

    Chhatisgarh

    102.530.08

    Dadra And Nagar Haveli

    94.430.00

    Daman And Diu

    94.310.07

    Delhi

    96.720.00
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    More on Fuel Prices

    Currently, petrol is retailing at Rs undefined a litre in Delhi . In Mumbai, Chennai and Kolkata petrol costs Rs undefined , Rs undefinedand Rs undefined 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.