Petrol Price in Madhya Pradesh

0
Petrol Price in India (₹/L)
Diesel
91.42Per Litre

Petrol Price in Madhya Pradesh: Oct 21 2021

Petrol prices in Madhya Pradesh have been highly increasing in the recent past. The reason behind such constant growth is the increase in crude oil in the international market. Petrol prices are regularly revised every 6:00 am. There are several factors associated with the cost of fuel. It includes rupee to US dollar rate of exchange, demand for fuel, cost of crude oil, and much more.

Petrol Price in Madhya Pradesh- Last 10 Days Data

DATE
PETROL PRICE
Mar 13, 2021 99.25 ₹/L
Mar 12, 2021 99.25 ₹/L
Mar 11, 2021 99.25 ₹/L
Mar 10, 2021 99.25 ₹/L
Mar 09, 2021 99.25 ₹/L
Mar 08, 2021 99.25 ₹/L
Mar 07, 2021 99.25 ₹/L
Mar 06, 2021 99.25 ₹/L
Mar 05, 2021 99.25 ₹/L
Mar 04, 2021 99.25 ₹/L

State-wise Petrol Prices

STATE PETROL PRICE
Andhra Pradesh 87.24 ₹/L
Assam 87.24 ₹/L
Bihar 92.91 ₹/L
Chhattisgarh 89.06 ₹/L
Delhi 90.58 ₹/L
Gujarat 87.67 ₹/L
Haryana 88.67 ₹/L
Himachal Pradesh 88.55 ₹/L
Jammu And Kashmir 92.11 ₹/L
Jharkhand 88.06 ₹/L
Karnataka 93.22 ₹/L
Kerala 91.05 ₹/L
Madhya Pradesh 98.64 ₹/L
Maharashtra 97.30 ₹/L
Odisha 91.30 ₹/L
Punjab 89.64 ₹/L
Rajasthan 97.10 ₹/L
Tamil Nadu 93.07 ₹/L
Telangana 94.18 ₹/L
Uttar Pradesh 88.78 ₹/L
Uttarakhand 89.44 ₹/L
West Bengal 91.78 ₹/L

Petrol Prices in Major Cities

CITY PETROL PRICE TODAY
New Delhi ₹ 90.19
Kolkata ₹ 91.41
Mumbai ₹ 96.62
Chennai ₹ 92.25
Gurgaon ₹ 87.53
Noida ₹ 88.11
Bangalore ₹ 93.21
Bhubaneswar ₹ 90.25
Chandigarh ₹ 86.17
Hyderabad ₹ 93.10

Trend of Petrol Price in Madhya Pradesh for February 2021 (rates per liter):

Parameters Rates/litre
1st February Rs. 94.30
28th February Rs. 99.19
Highest Rate in February Rs. 99.30
Lowest Rate in February Rs. 91.00
Overall Performance Rise
Percentage Change +4.93%

 

  • The petrol price in Madhya Pradesh has settled to Rs. 94.30 per litre on the 1st February
  • In the previous week, the prices were closed to Rs. 99.30 per litre
  • The overall percentage reads to +4.93%

Trend of Petrol Price in Madhya Pradesh for January 2021 (rates per liter):

Parameters Rates/litre
1st January Rs.91.52
31st January Rs.94.30
Highest Rate in January Rs.94.58
Lowest Rate in January Rs.91.52
Overall Performance Rise
Percentage Change +2.95%

 

  • The petrol price in Madhya Pradesh has settled to Rs. 91.52 per litre on the 1st January
  • In the previous week, the prices were closed to Rs. 94.30 per litre
  • The overall percentage reads to +2.95%

Trend of Petrol Price in Madhya Pradesh for December 2021 (rates per liter):

Parameters Rates/litre
1st December Rs. 90.16
31st December Rs.91.57
Highest Rate in December Rs.92.02
Lowest Rate in December Rs.90.16
Overall Performance Rise
Percentage Change +1.54%

 

  • The petrol price in Madhya Pradesh has settled to Rs. 90.16 per litre on the 1st December
  • In the previous week, the prices were closed to Rs. 91.57 per litre
  • The overall percentage reads to +1.54%

Trend of Petrol Price in Madhya Pradesh for November 2021 (rates per liter):

Parameters Rates/litre
1st November Rs.88.78
30th November Rs.90.31
Highest Rate in November Rs.90.31
Lowest Rate in November Rs.88.72
Overall Performance Rise
Percentage Change +1.69%

 

  • The petrol price in Madhya Pradesh has settled to Rs. 88.78 per litre on the 1st November
  • In the previous week, the prices were closed to Rs. 90.31 per litre
  • The overall percentage reads to +1.69%

Trend of Petrol Price in Madhya Pradesh for October 2021 (rates per liter):

Parameters Rates/litre
1st October Rs.88.81
31st October Rs.88.82
Highest Rate in October Rs.89.19
Lowest Rate in October Rs.88.65
Overall Performance Rise
Percentage Change +0.01%
  • The petrol price in Madhya Pradesh has settled to Rs. 88.81 per litre on the 1st October
  • In the previous week, the prices were closed to Rs. 88.82 per litre
  • The overall percentage reads to +0.01%

Trend of Petrol Price in Madhya Pradesh for September 2021 (rates per liter):

Parameters Rates/litre
1st September Rs.81.23
30th September Rs.80.13
Highest Rate in September Rs.81.23
Lowest Rate in September Rs.80.23
Overall Performance Rise
Percentage Change +1.23%

 

  • The petrol price in Madhya Pradesh has settled to Rs. 81.23 per litre on the 1st October
  • In the previous week, the prices were closed to Rs. 80.23 per litre
  • The overall percentage reads to +1.23%

Petrol Price in Madhya Pradesh

The cost of crude oil is on the verge to influence the retail selling prices of petrol. According to the sources, it has been noticed that retail prices are anticipated to witness significant growth. Moreover, it has also been noticed that the retail prices will only decrease on the behavior of the reduction in petrol prices. The major driving factors influencing the petrol prices in Madhya Pradesh include differences due to the season, increasing international demand and supplies, political fluctuations in oil-manufacturing countries, capabilities of refineries.

How Frequently is Petrol Price in Madhya Pradesh Reviewed?

The current crude oil expects to change with the casual observations through an SMS ready or a client assistance administration. The oil manufacturing companies such as Bharat Petroleum, Indian Oil, Hindustan Petroleum, and Shell Oil has the authority to monitor and the recent fuel cost of Maharashtra in advance.

Procedure to Compute Petrol Prices in Madhya Pradesh

Step 1: Calculation of the petroleum Price

Leading international oil manufacturing companies provides unrefined oil to Indian Oil Manufacturing (OMCs) at benchmark rates. These are the prices that measure over 159 liters of crude that costs $49 in the global markets. The cost of a liter of crude is computed by converting US dollars into an Indian rupee. The cost of crude includes freight charges that are reportedly paid by oil manufacturing companies.

Step 2: Calculation of Refinery Expenses

With the import of crude from leading international oil manufacturing companies, Indian oil marketing companies are shifting their focus from crude to refineries. This helps them make the process more transparent and feasible. Crude is the clustered that includes several products such as diesel, coal tar, and petrol in distillation towers.

Step 3: Other Cost Elements

Clustered petrol is allowed to be stockpiled in the reservoirs of oil manufacturing companies. The rate of petrol is paid by end consumers. It consists of the above costs and the commission is officially charged by excise duty, dealers, value-added tax, and total duties. The petrol price is the cost prices that include excise duty, procuring marketing, state taxes, and refining.

Elements Impacting Petrol Prices in Madhya Pradesh

Petrol prices in India change in accordance with the changes in government policies that impose taxes on fuels. To urge marginal returns and recover the losses, Indian oil companies change their rate counting on the changing rate of taxes.
This is one of the vital factors having an enormous impact on petrol price in India. So, when the dollar strengthens against the Indian rupee, the buying cost goes high, thus impacting the value of petrol.
The imported crude is shipped to refineries for further processing.

How are Petrol Prices in Madhya Pradesh Responding to GST?

In India, there are hardly any other forms except Goods and Services Tax (GST). GST is compulsorily applicable to all the vendors who are into the business of any goods and services. At present, petrol is not taxed under the regime of GST. Petrol prices are highly impactful by current tax slabs.

Diesel Rate vs. Petrol Rates in Madhya Pradesh

It has been noticed that the average price of petrol per liter in the major cities and states reached to Rs. 68.54 and diesel is worth Rs. 57.73. The difference between these two fuel does not fluctuate at regular intervals in Jammu and Kashmir, Maharashtra, West Bengal, Kerala, and many others.

News

Petrol Costs Rs.89.44 in Mumbai

State-run Oil Marketing Companies (OMCs) on Saturday kept the rates of petrol constant across the main cities of the country. In the capital i.e., New Delhi, every litre of petrol was retailed for Rs.72.90 while in the commercial capital of the country i.e., Mumbai the rates were Rs.78.52 per litre.  The rates charged for fuel in the country are hooked into international oil prices on a 15-day average and therefore the cost of rupee against the US dollar. This is often because India imports 80 percent of its total petroleum requirement.

FAQ’s

Is the price of petrol revised a day in Madhya Pradesh?

Yes, the worth of petrol is revised a day in the state.

Do state-run oil companies revise the rates as per the dynamic pricing scheme?

Yes, state-run oil companies revise the worth of petrol in Madhya Pradesh as per the dynamic pricing scheme.

How was the general performance of petrol in the state for the month of September?

The overall performance of petrol in the state for the month of September was one among incline.

On what factors is that the price of petrol revised in Madhya Pradesh?

The price of petrol is revised in the state after taking under consideration international oil rates and rupee – US dollar rate of exchange.

Visit our Dialabank for more such insights.

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