Petrol Price in Bangalore

Petrol Price in Bangalore Today (Apr 25 2024)

The price of Petrol in Bangalore is at ... today.

The total petrol prices in Bangalore have been turning very volatile, as crude oil prices have also been showing the firm trend. It is most important to check today’s petrol price in this city of Bangalore, which is at ...  (Apr 25 2024), especially if you are going for a little bit longer drive. Remember, petrol and diesel prices are revised daily, so you can also lose much if you travel a little bit long distances. The rupee has also moved significantly cheaper against the dollar, making Bangalore’s petrol prices more expensive than before. It is also hoped that the government can reduce excise duties to enable rates to become less coming days.

Change In Prices of Petrol in Bangalore (Today & Yesterday)

Petrol Price in Bangalore

Bangalore is the capital of India’s southern and the Karnataka state, also Check Petrol Price in Karnataka. The centre of India’s very high-tech industry, the city is known for its parks and nightlife. It is meant to be part of the Bangalore capital area or very Greater Bangalore, including Bangalore. The city is spread over 709km and is well operated by transportation through two and four-wheelers. Bangalore’s transports rely on fuel to support its economy as well as growing transportation. Petrol has also become a crucial commodity due to the growing vehicle density in this Bangalore city. Bangalore’s petrol price is also determined by the Global Crude or Unrefined Oil Cost, Excise Duty & Value Added Tax, Dealer Commission, and Pollution Cess. Although the calculation, as mentioned above, provides a broad understanding of Indian petrol pricing, let’s take a closer look at all those.

Cost of Global Crude Oil: India also buys crude oil from the oil-producing countries, and crude oil costs are dynamic, which is modified depending on many factors such as increased demand, supply shortages, production cuts, or geopolitical conflicts. Some factors influence the total price we also purchase for one litre of petrol in Bangalore. Since India purchases crude oil in US dollars, any adjustment in the exchange rate affects both Bangalore’s petrol price and other cities across India. 

VAT: Petrol prices also include taxes that are paid by the federal government as well as states. And also the centre charges this excise duty per litre of the petrol price.

Dealer’s commission: The oil refineries or fuel stations are run to the store and dispense petrol to the customers. The suppliers also make a big profit in the petrol price before being marketed among the fuel consumers.

The petrol prices are updated regularly under the current ‘dynamic fuel pricing of the system. Until July 2017, petrol prices were also updated every fortnight by considering the US dollar exchange rate and the average global crude oil price. However, this process did not allow the dealers to raise or decrease the total price if there were any crude oil fluctuations. The government implemented this new strategy to supply fuel at the crude oil price of the previous day and the US dollar’s global exchange rate to reduce the losses. The rise in the international price of this crude oil would also raise India’s current petrol price and vice versa.

Ways to Check The Petrol Rate in Bangalore?

With this latest pricing system in place, petrol’s current price is significantly more or less different from those of the last day. Noticing today’s petrol price in a city is complicated; however, OMCs have also established most verifying the petrol price daily.

Via Mobile Apps: The oil firms have unveiled their corresponding mobile apps for all the regular monitoring or reviewing of the petrol price. IOC has released this ‘Fuel@IOC’ app, and the ‘SmartDrive’ app can be used by the BPCL consumers whenever HPCL has released the ‘MY HPCL’ app to search the current petrol cost in the specific area

Via SMS: To check Bangalore’s petrol rate via SMS, follow some of the details below. IOC: SMS RSP dealer code as well as send this to 9224992249.

HPCL: SMS HP PRICE dealer code and send this to 9222201122.

BPCL: SMS RSP dealer code and send it to 9223112222.

Via website: Besides, fuel the customers can visit the specific OMC website to find Bangalore’s current petrol price. Apart from that, all customers can regularly visit Dialabank to find the best and the right petrol price for every city, including Bangalore.

How is Petrol Rate Calculated in Bangalore?

The crude oil rates, the total cost of the refinery, the retailer’s commission, the profit margin of these OMCs, the state VAT already imposed on the petrol as well as excise duty imposed on petrol are some of the main components which also decides the retail selling price (RSP) of petrol in the Bangalore. Crude oil is also traded globally in US dollars. The oil markets are influenced by global supplies, supply, and demand across significant countries, natural factors, and the USD’s total exchange rate against global currencies.

Nationally, the total price of refineries varies and is the price of refining crude oil into petrol through oil manufacturing firms. A particular portion of the profit margin on the litre of fuel sold to retail distributors is then enforced by the whole of the Oil Marketing Companies (OMCs). The rates charged to retail petrol dealers are then imposed by both the state and central governments. In all regions of the whole country, including Bangalore, the central excise duty tends to be the same, primarily with the pricing model of petrol and State Value Added Tax (VAT) framework for petroleum products from state to state across India.

How is The Petrol Price in Bangalore Revised?

India is following some of the dynamic fuel pricing mechanisms currently in operation to adjust these fuel prices. This Dynamic fuel pricing system is a system for fuel pricing that also considers fuel prices regularly, relying on the crude oil markets and currency exchange rates. In June 2017, after the 40-day pilot operating in some cities across India, the method was established in India. The United States of America (USA), Australia, and Russia are other countries that are following this new mechanism for petrol pricing to maintain a very smooth cash flow, the economy, and transparent petrol price. Let examine a look at the benefits of dynamic fuel pricing. The petrol price adjustment is undertaken all day at 06:00 a.m.

The price of petrol will be modified automatically by all these automated filling stations. This price of petrol will be manually adjusted by all non the automated refuelling stations. Distributors can manage working capital very efficiently. This type of mechanism also allows dealers to have craftier stock or stock control Adjustments in the crude oil prices, and INR / USD rates will be immediately transferred to end-users. By downloading the oil marketing companies’ smartphone apps like Indian Oil, Bharat Petroleum, Hindustan Petroleum, and Shell Oil, Bangalore’s petroleum, the customers can monitor the current petrol price. Or they can either go via SMS or the customer support facilities. Through every mechanism, Bangalore’s petrol consumers can track this city’s correct and transparent petrol price.

OMCs’ Mobile Apps To Track The Transparent Petrol Price of Bangalore

The fuel prices in every region of the nation are also revised regularly. The petrol customers in Bangalore also face some of the barriers to monitoring this city’s accurate and transparent petrol price. It is not just for petrol consumers in Bangalore, but some of the problems are also faced by petrol consumers in all other cities. India’s pioneering oil companies, such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum, have been able to keep up-to-date with the current petrol price in Bangalore or any other area in diverse manners for the fuel users such as SMS, smartphone applications as well as customer support. Through some of the following such tactics, petrol consumers can now forget to worry about assessing the city’s correct petrol price.

And apart from the ancient concept of so-called SMS or the toll-free numbers, modern petrol customers in the electronic age can browse and install the related OMCs’ mobile apps to view the current petrol rate anytime and anywhere they want. After June 2017, India’s leading oil firms have already launched the Dynamic Fuel Pricing system, leading to a regular revision of petrol prices across India’s states or cities. Owing to specific reasons, such as state taxes, currency volatility, and more, petrol rates, appear to differ regularly. Therefore, the oil companies also developed smartphone apps that allow you to witness your Bangalore city or Bangalore’s transparent petrol price. Below are mobile applications that always make you keep a lookout without missing the pleasure with the updated and exact petrol price of Bangalore.

The Trend of Petrol Price in Bangalore for February 2021

The trend of Petrol Rate in Bangalore, Feb 2021

Petrol Price

1st February Rs.89.19

14th February Rs.91.68

The highest rate in February Rs.91.68 on February 14th

Lowest Rate in February Rs.89.19 on February 1st

Overall performance Rising

% Change +2.79%

February 2021

• The price of petrol in Bangalore at Rs.89.19 on the 1st of February as prices continued to rise high.
• The price of petrol closed the week at Rs.89.83.
• The price of petrol overall percentage change was 0.71%.

The Trend of Petrol Price in Bangalore for January 2021

The trend of Petrol Rate in Bangalore, Jan 2021

Petrol Price

1st January Rs.86.47

31st January Rs.89.19

The highest rate in January Rs.89.19 on January

Lowest Rate in January Rs.86.47 on January

Overall performance Rising

% Change +3.14%

 

January 2021

• The price of petrol in Bangalore at Rs.86.47 on the 1st of January.
• The price of petrol increased in the next few days, closing the week at Rs.87.04.
• The petrol price of overall percentage change was 0.65%.

 

The Trend of Petrol Price in Bangalore for December 2020

The trend of Petrol Rate in Bangalore, Dec 2020

Petrol Price

1st December Rs.85.09

31st December Rs.86.47

The highest rate in December Rs.86.51 on December

Lowest Rate in December Rs.85.09 on December

Overall performance Rising

% Change +1.62%

 

December 2020

• The price of petrol in Bangalore stood at Rs.85.09 on the 1st of December.
• The price of petrol continued to go up, closing the week at Rs.86.51.
• The massive increase in oil prices could be more attributed to the increase in global crude oil prices and higher fuel taxes levied by the central and state governments.

 

The Trend of Petrol Price in Bangalore for November 2020

The trend of Petrol Rate in Bangalore, November 2020

Petrol Price

1st November Rs.83.69

30th November Rs.85.09

The highest rate in November Rs.85.09 on November

Lowest Rate in November Rs.83.69 on November

Overall performance Rising

% Change +1.67%

 

November 2020

• The price of petrol in Bangalore at Rs.83.75 on the 1st of November, unchanged from the last day’s closing price.
• After staying stable for the next few days, the price of petrol in Bangalore increased to Rs.83.75.
• The price of petrol overall percentage change was 0.07%.

 

The Trend of Petrol Price in Bangalore for October 2020

The trend of Petrol Rate in Bangalore, Oct 2020

Petrol Price

1st October Rs.83.69

31st October Rs.83.69

The highest rate in October Rs.83.77 on October

Lowest Rate in October Rs.83.69 on October

Overall performance Rising

% Change 0

 

October 2020

• The price of petrol in Bangalore at Rs.83.69 on the 1st of October, unchanged from the last day’s closing price.
• The petrol price in Bangalore increased a bit before going back to the opening day price.
• In the international oil market, prices dropped after US President Donald Trump dismissed the speculations for providing a fourth stimulus package to boost the coronavirus-hit economy.

 

The Trend of Petrol Price in Bangalore for September 2020

The trend of Petrol Rate in Bangalore, Sep 2020

Petrol Price

1st September Rs.84.81

30th September Rs.83.69

The highest rate in September Rs.84.81 on September

Lowest Rate in September Rs.83.69 on September

Overall performance Rising

% Change -1.32%

 

September 1st 2020

• In September, the price of petrol in Bangalore opened at the rate of Rs.84.81. Whenever compared to the last rates.
• The price of the fuel witnessed a very fluctuation during the first week. The petrol prices were the very lowest on 4, 6, and 7 September. During these days.
• On the previous day of the week, on 7th September, the liquid gold was being traded at the petrol rate of Rs.84.75.

 

The Trend of Petrol Price in Bangalore for August 2020

The trend of Petrol Rate in Bangalore, Aug 2020

Petrol Price

1st August Rs.83.11

31st August Rs.84.76

The highest rate in August Rs.84.76 on August

Lowest Rate in August Rs.83.02 on August

Overall performance Rising

% Change +1.99%

 

August 2020

• The price of Petrol in Bangalore at the start of the first week of August was Rs.83.11. If compared to the closing price of the last month, the rates were up by 7 paise.
• The rates of petrol did not see the change in the city over the opening week.
• The price of Petrol’s overall performance in Bangalore was stable as the remained stagnant.

 

The Trend of Petrol Price in Bangalore for July 2020

The trend of Petrol Rate in Bangalore, Jul 2020

Petrol Price

1st July Rs.83.04

31st July Rs.83.04

The highest rate in July Rs.83.04 on July

Lowest Rate in July Rs.83.02 on July

Overall performance Rising

% Change 0

 

July 2020

• The price of petrol in Bangalore opened in July at Rs.83.04.
• The opening price of the fuel was the very highest for the month till date. While the rates also remained stagnant for the first three days of this month.
• The price rates improved the following day before dropping again and closing the week at Rs.83.02.

 

The Trend of Petrol Price in Bangalore for June 2020

The trend of Petrol Rate in Bangalore, Jun 2020

Petrol Price

1st June Rs.73.53

30th June Rs.83.04

The highest rate in June Rs.83.04 on June

Lowest Rate in June Rs.73.53 on June

Overall performance Rising

% Change +12.90%

 

June 2020

• In Bangalore, the per litre price of petrol was Rs.73.53. Compared to the closing price of the last month.
• The price of petrol price did not see any change in the rates over the next few days in the city. The petrol rates climbed on the final day of the week as state-owned Oil Marketing Companies.
• The fuel closed the week at Rs.74.13, the very highest for the month. The rates saw an inclining trend over the week, with the percentage change nearby 0.81%.

 

The Trend of Petrol Price in Bangalore for May 2020

The trend of Petrol Rate in Bangalore, May 2020

Petrol Price

1st May Rs.73.55

31st May Rs.73.55

The highest rate in May Rs.73.55 on May

Lowest Rate in May Rs.73.55 on May

Overall performance Rising

% Change 0

 

May 2020

• The price of petrol in Bangalore at Rs.73.55 on the 1st of May, unchanged from the last day’s closing price.
• The price of petrol stayed stable for the next few days, closing the week at Rs.73.55. Meanwhile, the Indian Government increased more excise duty on petrol and diesel.
• The price of petrol overall performance in Bangalore was stable with no change in prices.

 

The Trend of Petrol Price in Bangalore for April 2020

The trend of Petrol Rate in Bangalore, Apr 2020

Petrol Price

1st April Rs.71.95

28th April Rs.73.55

The highest rate in April Rs.73.55 on April

Lowest Rate in April Rs.71.95 on April

Overall performance Rising

% Change +2.22%

 

April 2020

• The price of petrol in Bangalore stood at Rs.71.9 on the 1st of April, unchanged from the previous day’s closing price.
• After staying stable for the next few days, the price of petrol jumped to Rs.73.55 on account of a hike in-state sales tax or VAT rates.
• The price of petrol overall performance in Bangalore was 2.22%.

 

The Trend of Petrol Price in Bangalore for March 2020

The trend of Petrol Rate in Bangalore, Mar 2020

Petrol Price

1st March Rs.74.15

31st March Rs.71.95

The highest rate in March Rs.74.15 on March

Lowest Rate in March Rs.71.95 on March

Overall performance Rising

% Change -2.96%

 

March 2020

• The price of petrol in Bangalore opened the first week of March at Rs.74.15. 
• Over the week, the price of petrol slipped considerably as international oil prices dipped due to the growing concerns about the spread of this coronavirus worldwide.
• The price of petrol closed the opening week at Rs.73.435

 

The Trend of Petrol Price in Bangalore for February 2020

The trend of Petrol Rate in Bangalore, Feb 2020

Petrol Price

1st February Rs.75.63

29th February Rs.74.30

The highest rate in February Rs.75.63 on February

Lowest Rate in February Rs.74.30 on February

Overall performance Rising

% Change -1.75%

 

February 2020

• The price of petrol in Bangalore at Rs.75.63 on the 1st of February, unchanged from the last day’s closing price. 
• The state-run oil marketing companies decided to cut the petrol rates further. Petrol closed the week at Rs.75.10.
• The price of petrol’s overall performance in Bangalore was -0.70%, trending downwards.

 

The Trend of Petrol Price in Bangalore for January 2020

The trend of Petrol Rate in Bangalore, Jan 2020

Petrol Price

1st January Rs.77.69

31st January Rs.75.77

The highest rate in January Rs.78.62 on January

Lowest Rate in January Rs.75.77 on January

Overall performance Rising

% Change -2.47%

 

January 2020

• The price of petrol in Bangalore opened at Rs.77.69 for the first week of January 2020. The price of the fuel carried forward the same rate at which this closed on the last day.
• There was also a hike of more than 2% in Brent crude oil price in the international market. 
• In Bangalore, the petrol price came to a close for the first week of January 2020 at the rate of Rs.78.43, which was the very highest recorded rate of fuel for the week. 

News

18th February 2021

Petrol Prices Hiked by Rs.0.06 on Sunday

State-run Oil Marketing Companies (OMCs) on Sunday hiked the rates of petrol by Rs.0.06 across the country’s major cities. Following the increase in the prices, every litre of petrol was retailed for Rs.72.92 in the national capital. In the other metro cities of the country, i.e., Mumbai, Kolkata, and Chennai, one litre of petrol was sold for Rs.74.94. Rs.78.49 and Rs.75.68 respectively.

Petrol and Diesel Prices Kept Unchanged Today

On Thursday, state-owned Oil Marketing Companies (OMCs) kept petrol and diesel prices unchanged for the second straight day after a steep increase on Tuesday, the sixth day of fuel price revision. In Delhi, petrol costs Rs.71.27 per litre, while diesel is sold at Rs.65.90 per litre. In Mumbai, petrol is available at Rs.76.90 per litre and diesel Rs.69.01 per litre. In Chennai, petrol is available at Rs.73.99 per litre, while diesel is sold at Rs.69.62 per litre. Meanwhile, in Noida and Gurugram, petrol costs Rs.70.97 per litre and Rs.71.99 per litre, respectively, while the diesel price stands at Rs.65.06 litre and 65.67 per litre. In Faridabad, petrol and diesel prices are sold at Rs.72.21 per litre and Rs.65.89 per litre, respectively.

Diesel prices downfallen by Rs.14 per litre over the last two months

Diesel prices are reported to have fallen by 16 paise a litre across major cities in the country. Today, diesel is selling at a rate of Rs.64.66 a litre in Delhi; Rs.65 a litre in Bangalore; Rs.67.66 a litre in Mumbai, Rs.72.82 a litre in Chennai and Rs.66.40 a litre in Kolkata. Overseas crude oil prices neared a price range of $60 a barrel on Monday, 10 December 2018. The OPEC members declared to reduce the distribution cut since January 2019 by 1.2 million barrels per day.

FAQs

What is today’s Petrol price in Bangalore?

Today’s Petrol price in Bangalore is 88.41 ₹/L per litre.

What was the highest Petrol price in Bangalore?

The highest Petrol price in Bangalore was ₹87.41 per litre on 18th February 2021.

When was the highest Petrol price in Bangalore?

At ₹ 88.41 per litre, the highest Petrol price in Bangalore was recorded on 18th February 2021.

What is the current Petrol price in Bangalore?

The current Petrol price in Bangalore is ₹ 88.41 per litre.

What was the highest Petrol price in Bangalore in the last 5 years?

Bangalore’s highest Petrol price in the last 5 years was ₹ ₹88.41 per litre on 18th February 2021.

What was the highest Petrol price in Bangalore in the last 10 years?

Bangalore’s highest Petrol price in the last 10 years was ₹ 81.79 per litre on 29th August.

What was the highest Petrol price in Bangalore in 2020?

The highest Petrol price in Bangalore in 2020 was ₹ Rs.82.68 per litre on 31 December 2020.

What was the lowest Petrol price in Bangalore in 2020?

The lowest Petrol price in Bangalore in 2020 was ₹ Rs.80.93 per litre on 04 January 2020.

What was the highest Petrol price in Bangalore in 2021?

The highest Petrol price in Bangalore in 2021 was ₹ 88.41 per litre on 18th February 2021.

What was the lowest Petrol price in Bangalore in 2021?

The lowest Petrol price in Bangalore in 2021 was ₹ 84.54 per litre on 1st January 2021.