Petrol Price in Shimla

0
Petrol Price in India (₹/L)
Diesel
81.47Per Litre

Petrol Price in Shimla Today (Aug 03 2021) : The price of Petrol in Shimla is at Rs 88.41 per litre Today.

The petrol prices in Shimla have reached Rs. 88.41 per liter (Aug 03 2021). The very last change in Shimla’s petrol price was on Aug 03 2021, raised by 0.19 rupees. In the last 10 days, the petrol prices in Shimla have constantly been fluctuating between Rs. 85.01 and Rs. 87.63. You can also check the petrol prices in other cities of Himachal Pradesh and the change in the pricing compared to the previous day. 

Last 10 days petrol rate in Shimla

February 17, 2021 87.47 -0.37
February 16, 2021 87.84 0.46
February 15, 2021 87.38 0.66
February 14, 2021 86.72 0.28
February 13, 2021 86.44 0.18
February 12, 2021 86.26 -0.2
February 11, 2021 86.46 0.33
February 10, 2021 86.13 0.81
February 09, 2021 84.99 0.33
February 08, 2021 84.13 0.16

Daily and Monthly Petrol Price in Shimla

The graph to be added here

Historical Petrol Price in Shimla

1st February Rs. 84.54
18th February Rs. 88.41
The highest rate in February Rs. 88.41 on February 18th
The lower rate in February Rs. 84.54 on February 1st
Overall performance Rising
% Change 0.0438

Petrol Price in Shimla

Petrol price in ShimlaCrude oil is considered as one of the vital raw materials for petrol. Currently, over 75% of India’s crude oil is meant through imports. International prices of crude oil and foreign exchange rates are among the base elements in recognizing the price of petrol. Moreover, they majorly form a small component of the retail price. A host of other factors recognizes the final price. Over more than 57% of the retail petrol price per litre meets taxes, duties, dealer margin, cesses. To analyze the mechanism for the pricing of petrol, it is essential to determine stakeholders involved in the production process to retailing of petrol.

Oil Production and companies

The leading oil companies are responsible for producing oil in crude. There is a combination of private sector companies like Cairn India Ltd, Reliance Industries, and public sector counterparts like Oil and Natural Gas Corporation, Oil India and others in the sector. Moreover, these companies cater to only 25% of India’s crude oil requirement. The rest of the crude oil is imported.

Oil Marketing Companies

The crude oil is then bought by Oil Marketing Companies (OMCs), which handle oil from its crude stage until it is handed to the dealers in its refined form. Thus, OMCs refining crude oil into petrol and selling the refined petrol to the dealers. This sector also comprises both public and private companies. However, the three PSUs- Bharat Petroleum Corporation Limited (BPCL), Indian Oil Corporation Limited (IOCL) and Hindustan Private Corporate Limited (HPCL) control around 95% of this sector, while the two private players- Reliance Industries and Essar cater to the remaining market.

Dealers

Dealers are individuals or businesses that own petrol pumps. Thus they are the final sellers of petrol to end users at retail prices, after adding taxes and their own margins.

Why is The Petrol Price of Shimla Updated Regularly?

Petrol prices are updated at regular intervals because of the constant fluctuations in the pricing system. Petrol prices were updated regularly depending upon the US dollar exchange rate and the average global crude oil price. The process is organized that does not allow dealers to raise or decrease the price without any fluctuations in the crude oil. The newly formed strategy was executed to supply fuel at the crude oil price of the previous day and the US dollar’s global exchange rate. 

Ways to Check The Petrol Rate in Shimla

With the advanced pricing system in place, petrol’s price is comparatively more or less different from those previous statistics. If we address today’s petrol price in a city, it comes up with a very complexion. OMC has come up with several potential ways for verifying the price of petrol daily. 

Mobile apps

Oils companies disclose their corresponding mobile apps for regular checking of the petrol prices. IOC has recently launched the Fuel@IOC app. BPCL consumers also use the SmartDrive app. 

Via SMS

To check the petrol rate of Shimla via SMS, follow the below details: 

IOC: SMS RSP dealer code and send it to 9224992249

HPCL: SMS HPPRICE dealer code and send it to 9222201122

BPCL: SMS RSP dealer code and send it to 9223112222

Via website:

Fuel consumers can easily visit the specific OMC website to ensure the current price of petrol of Shimla. The customers can also visit Dialabank to check the best and accurate petrol price of all the cities including Shimla. 

How is Petrol Rate Calculated in Shimla?

The retailer’s commission, the profit margin of the OMCs, the state VAT imposed on petrol and the excise duty are major elements that predict the retails selling price of petrol in Shimla. Crude oil is considerably traded on a global basis in US dollars. The global oil market also deals in supply and demand in developed countries, natural factors, and the USD’s exchange rate against global currencies. In all the country regions, including Shimla, the central excise duty is anticipated to remain the same, primarily about the petrol pricing model. 

How is The Petrol Price in Shimla Revised?

To adjust the fuel prices, India has some following dynamic fuel pricing mechanisms currently in operation. This type of dynamic fuel pricing is a system for fuel pricing that always considers fuel prices regularly, relying on the crude oil markets and currency exchange rates. In June 2017, after a pilot operating in some cities across India, the complete method was established in India. The United States of America, Australia, and Russia are other countries that are also following this new mechanism for petrol pricing to maintain smooth cash flow, the economy as well as transparent petrol price. Let’s examine the benefits of dynamic fuel pricing. The petrol price adjustment is undertaken all day morning at 06:00 a.m. The price of petrol will be modified automatically by all these automated filling stations. All non-the automated refuelling stations will manually adjust this correct price of petrol. Distributors can very only manage working capital efficiently. This type of mechanism always allows dealers to have craftier stock or stock control Adjustments in 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, Shimla’s petroleum, every customer can monitor the current petrol price. Or they can either go via SMS or customer support facilities. Through all the mechanisms, petrol consumers of Shimla can very track the correct and transparent petrol price of the city of Shimla.

OMCs Mobile Apps to Monitor the Petrol Price of Shimla

The customers in Shimla are facing challenges in monitoring the relevant petrol price of Shimla. It is not just about Shimla, but petrol customers have faced this issue in all the major countries. India’s leading oil companies such as Hindustan Petroleum, Bharat Petroleum, Indian Oil are keeping the trends with the current petrol cost in Shimla in various fuel customers’ methods. India’s leading oil companies have officially released the Dynamic Fuel Pricing system, leading to a regular revision of petrol prices across the country. The smartphone apps developed by the oil companies also allow the users to track Shimla’s petrol price.

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

State-wise 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

The Trend of Petrol Price in Shimla for February 2021

1st February Rs. 84.89
18th February Rs. 87.81
The highest rate in February Rs. 87.81 on February 18th
The lower rate in February Rs. 84.80 on February 1st
Overall performance Rising
% Change 3.43%

 

The lowest Petrol price in Shimla in 2021 was ₹ 84.89 per litre on 1st February 2021.

 

Parameters

Rates/litre

1st January

Rs.82.80

31st January

Rs.84.80

Highest Rate in January

Rs.85.12 from 27th to 31st January

Lowest Rate in January

Rs.82.80 on 1st, 2nd, and 3rd January

Overall Performance

Incline

Percentage Change

+2.36%

 

Monthly Petrol Price Trend in Shimla for January 2021:

  • In Shimla, the price of petrol opened at the rate of Rs.84.80 per litre. When compared to the fuel’s closing rate for December, there was no change in the price.
  • Petrol prices in Shimla fluctuated in the state over the month. The fuel recorded its highest price for the month from 27th to 31st January wherein it stood at the rate of Rs.85.12 per litre. The lowest price was recorded on 1st, 2nd, and 3rd January wherein a litre of petrol was retailing at the rate of Rs.85.12 per litre.
  • The fuel’s overall performance witnessed an inclining trend in Shimla, with the percentage change witnessing an incline of +2.36%.

 

The Trend of Petrol Price in Shimla for December 2020 (rates per litre):

Parameters

Rates/litre

1st December

Rs.81.92

31st December

Rs.83.21

Highest Rate in December

Rs.83.40 on 7th, 8th, 12th through 29th December

Lowest Rate in December

Rs.81.86 on 2nd December

Overall Performance

Rising

Percentage Change

+1.55%

 

Monthly Petrol Price Trend in Shimla for December 2020:

  • In Shimla, the price of petrol opened at the rate of Rs.81.92 per litre. When compared to the fuel’s closing rate for November, there was no change in the price of the liquid gold in Shimla.
  • Petrol price in Shimla rose during the first few days of the month, followed by which it was quite steady. The fuel recorded its highest price for the month on 7th and 8th December, after which it stood at the same rate between 12th December and 29th December. During this period, the price stood at the rate of Rs.83.40 per litre. The lowest price was recorded on 2nd December wherein a litre of petrol was retailing at the rate of Rs.81.86 per litre.
  • The fuel’s overall performance witnessed an inclining trend in Shimla, with the percentage change witnessing an incline of +1.55%.

 

The Trend of Petrol Price in Shimla for November 2020 (rates per litre):

Parameters

Rates/litre

1st November

Rs.81

30th November

Rs.82.03

Highest Rate in November

Rs.82.03 on 29th and 30th November

Lowest Rate in November

Rs.80.73 from 1st to 12th November

Overall Performance

Rising

Percentage Change

1.26%

 

Monthly Petrol Price Trend in Shimla for November 2020:

  • In Shimla, the price of petrol opened at the rate of Rs.81 per litre. There was a rising trend in the price of the fuel over the month with gradual fluctuations.
  • The petrol price in Shimla was steady from the beginning of the month till the 12th of November. The fuel recorded its highest price for the month on 29th and 30th November, wherein it stood at the rate of Rs.82.03 per litre. The lowest price was recorded from 1st to 12th November, wherein the fuel retailed price was at the rate of Rs.80.73 per litre.
  • The fuel’s overall performance witnessed an inclining trend in Shimla, with the percentage change standing at 1.26%.

 

The Trend of Petrol Price in Shimla for October 2020 (rates per litre):

Parameters

Rates/litre

1st October

Rs.80.91

31st October

Rs.80.86

Highest Rate in October

Rs.81.12

Lowest Rate in October

Rs.80.73

Overall Performance

Falling

Percentage Change

-0.06%

 

Monthly Petrol Price Trend in Shimla for October 2020:

  • Petrol price in Shimla opened the month of October at Rs.80.91 per litre. There was no change in the rates when compared to the closing price of the previous week.
  • Over the month, the price of petrol didn’t see much change in the city. The fuel recorded its highest price for the month on 10th October with a litre costing Rs.81.12.
  • Petrol closed the month at Rs.81.12 per litre. The fuel’s overall performance in the metropolitan city remained stable as there was no change in the opening and closing price.

 

The Trend of Petrol Price in Shimla for September 2020 (rates per litre):

Parameters

Rates/litre

1st September

Rs.81.52

30th September

Rs.80.73

Highest Rate in September

Rs.81.78

Lowest Rate in September

Rs.80.73

Overall Performance

Falling

Percentage Change

-0.98%

 

Monthly Petrol Price Trend in Shimla for September 2020:

  • A litre of petrol was priced Rs.81.52 at the start of the month in Shimla. The opening price of the fuel was the highest for the month. Compared to the closing price of the previous month, the price of petrol was up by 5 paise in the city.
  • The price of petrol witnessed a lot of fluctuations in the city of Shimla over the month. Petrol recorded its lowest price for the month on the 29th and 30th of September. Oil companies retailed a litre of petrol for Rs.80.73 on the mentioned dates.
  • Petrol’s overall performance in Shimla witnessed a declining trend. The percentage change recorded in the rates stood at -0.98%.

 

The Trend of Petrol Price in Shimla for August 2020 (rates per litre):

Parameters

Rates/litre

1st August

Rs.80.30

31st August

Rs.81.65

Highest Rate in August

Rs.81.59 on 30 and 31 August

Lowest Rate in August

Rs.80.30 from 1 to 9 August and 12 to 14 August

Overall Performance

Rising

Percentage Change

+1.65%

 

Monthly Petrol Price Trend in Shimla for August 2020:

  • The month of August opened with the price of petrol being traded at the rate of Rs.80.30 per litre in Shimla. There was no change in the price till the 9th of August.
  • Over the month, the price of petrol witnessed fluctuations in the city of Shimla. The fuel recorded its lowest prices from 1st August to 9th August and 12th August to 14th August, wherein it stood at the rate of Rs.80.30 per litre.
  • The price of petrol in Shimla closed the month of August being traded at the rate of Rs.80.83 per litre. There was a rising trend in the fuel’s overall performance, with the percentage change being +1.65%.

 

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 Shimla?

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

What was the highest Petrol price in Shimla?

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

When was the highest Petrol price in Shimla?

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

What is the current Petrol price in Shimla?

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

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

The highest Petrol price in Shimla in the last 5 years was ₹ ₹88.41 per litre on 18th February 2021.

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

The highest Petrol price in Shimla in the last 10 years was ₹ 81.79 per litre on 29th August.

What was the highest Petrol price in Shimla in 2020?

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

What was the lowest Petrol price in Shimla in 2020?

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

What was the highest Petrol price in Shimla in 2021?

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

What was the lowest Petrol price in Shimla in 2021?

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

 










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