Petrol Price in Tamil Nadu

0
Petrol Price in India (₹/L)
Diesel
88.66Per Litre

Petrol Price in Tamil Nadu Sep 18 2021

 

₹ 93.1


Current Petrol Price Per Litre

Petrol Price in Tamil Nadu – Last 10 Days

 

Date Petrol ( / litre)
12 Mar 2021 ₹ 93.1
11 Mar 2021 ₹ 93.1
10 Mar 2021 ₹ 93.1
09 Mar 2021 ₹ 93.1
08 Mar 2021 ₹ 93.1
07 Mar 2021 ₹ 93.1
06 Mar 2021 ₹ 93.1
05 Mar 2021 ₹ 93.1
04 Mar 2021 ₹ 93.1
03 Mar 2021 ₹ 93.1

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

Petrol Price In Tamil Nadu

  • The current Petrol Price in Tamil Nadu is Rs.93.1 per litre.
  • Today’s Petrol price in Tamil Nadu is Rs.93.1/litre.

The trend of Petrol Price in Tamil Nadu for February 2021 (rates per litre):

Parameters Rates/litre
1st February  Rs. 88.82
28th February Rs. 93.11
Highest Rate in February Rs. 93.11 on 27th February
Lowest Rate in February Rs.88.82 on February 1st
Overall Performance Rising
Overall Price Change    +4.61%

 

Monthly Petrol Price Trend in Tamil Nadu for February 2021:

  • The petrol price in Tamil Nadu started at Rs. 88.82 per litre on 1st February
  • In the last week of February, the prices closed at Rs. 93.11 per litre, which is also the highest rate of petrol.
  • The trend of change is rising.
  • The overall price change reads at +4.61%

The trend of Petrol Price in Tamil Nadu for January 2020 (rates per litre):

Parameters Rates/litre
1st January Rs. 86.51
31st January Rs. 88.82
Highest Rate in January Rs. 88.82 On January 27
Lowest Rate in January Rs. 86.51 On January 1
Overall Performance Rising
Overall Price Change +2.60%

 

Monthly Petrol Rate Trend in Tamil Nadu for January 2020:

  • The petrol price in Tamil Nadu started at Rs. 86.51 per litre on 1st January
  • In the last week of January, the prices closed at Rs. 88.82 per litre, which is also the highest rate of petrol.
  • The trend of change is rising.
  • The overall price change reads at +2.60%.

The trend of Petrol Price in Tamil Nadu for December 2020 (rates per litre):

Parameters Rates/litre
1st December Rs. 85.31
31st December Rs. 86.51
Highest Rate in December Rs. 86.51 on December 18th
Lowest Rate in December Rs. 85.31 on December 3rd
Overall Performance Rising
Overall Price Change +1.39%

 

Monthly Petrol Price Trend in Tamil Nadu for December 2020:

  • The petrol price in Tamil Nadu started at Rs. 85.31 per litre on 1st December
  • In the last week of December, the prices closed at Rs. 86.51 per litre, which is also the highest rate of petrol.
  • The trend of change is rising.
  • The overall price change reads at +1.39%

The trend of Petrol Price in Tamil Nadu for November 2020 (rates per litre):

Parameters Rates/litre
1st November Rs. 84.14
30th November Rs. 85.31
Highest Rate in November Rs. 85.31 on November 29th
Lowest Rate in November Rs. 84.14 on November 5th
Overall Performance Rising
Overall Price Change +1.37%

 

Monthly Petrol Price Trend in Tamil Nadu for November 2020:

  • The petrol price in Tamil Nadu started at Rs. 88.15 per litre on 1st November
  • In the last week of November, the prices closed at Rs. 85.31 per litre, which is also the highest rate of petrol.
  • The trend of change is rising.
  • The overall price change reads at +1.37%

The trend of Petrol Price in Tamil Nadu for October 2020 (rates per litre):

Parameters Rates/litre
1st October Rs. 84.14
31st October Rs. 84.14
Highest Rate in October Rs. 84.14 on October 1st
Lowest Rate in October Rs. 84.14 on October 1st
Overall Performance Constant
Percentage Change 0%

 

Monthly Petrol Price Trend in Tamil Nadu for October 2020:

  • The petrol price in Tamil Nadu started at Rs. 84.14 per litre on 1st October
  • In the last week of October, the prices closed at Rs. 84.14 per litre, which is the highest as well as the lowest price.
  • The trend of change is constant (no change).
  • The overall price change reads at 0%.

The trend of Petrol Price in Tamil Nadu for September 2020 (rates per litre) :

Parameters Rates/litre
1st September Rs. 85.11
30th September Rs. 84.14
Highest Rate in September Rs. 85.11 on 7th September
Lowest Rate in September Rs. 84.14 on 24th September
Overall Performance Falling
Percentage Change -1.07%

 

Monthly Petrol Price Trend in Tamil Nadu for September 2020:

  • The petrol price in Tamil Nadu started at Rs. 85.11 per litre on 1st September and continued till 7th September, which was the highest price.
  • In the last week of September, the prices closed at Rs. 84.14 per litre, which was the lowest price that month, recorded on 24th September.
  • The trend of price change is declining.
  • The percentage change reads at -1.07%.

Petrol Rate in Tamil Nadu

The mean petrol price in Tamil Nadu following the lowering of the central excise was Rs. 69.64 per litre. The highest charge that lately charged was Rs.71.72. In September 2017, Tamil Nadu’s petrol prices increased by 1.98%. In August 2017, they rose by 5.41% and by July 2017, that increase was 3.32%. On the first day of June, the petrol price was Rs. 67.22, which later reduced to Rs. 63.51 on the month’s last day. In May 2017, prices were relatively steady throughout the month.

How Frequently is Petrol Price in Tamil Nadu Reviewed?

The review is occurring daily by proposing a new fuel-pricing practice called dynamic fuel pricing or daily revision. The central government implemented the new pricing method to make fuel-pricing more honest from the consumers’ viewpoint. The contrast between the former and prevailing pricing systems is the rate of revision.

Petrol Costs in Tamil Nadu and the Other States

Petrol prices cannot be identical over the country. For instance, in Maharashtra, the local government’s tax on petrol is relatively high compared to other states. The average rates of petrol per litre were Rs. 88.54, Rs. 98.40, Rs. 90.89, and Rs. 91.71 in Tamil Nadu, New Delhi, Tamil Punjab, and West Bengal. New Delhi offers the lowest rate. The highest rate is being offered by Maharashtra, succeeded by Tamil Nadu.

How are Petrol Prices in Tamil Nadu Computed?

Different components of the price breakup of petrol in Tamil Nadu include the followings:

  • RSP= Price of crude oil (includes freights) + the primary excise + Refinery Transfer Price + OMCs’ profit margin + commission charged by merchants + VAT + pollution cess.
  • Over 80% of India’s crude oil is imported from overseas oil-producing countries. Domestic production only serves the remaining 20%. The expense acquired by Indian oil retailing companies to buy crude oil is called COB (including freight charges). Oil marketing corporations also acquire the refinery transfer price (RTP), refineries charging crude oil into petrol.
  • Pump owners also charge a particular percentage of profit margin for providing petrol. This may differ within the towns of Tamil Nadu. The share imposed by petrol bunks, which are more proximate to supply stations, is smaller than that of petrol pumps far from supply stations. Among all Indian states, the central excise duty imposed on petrol is identical, but VAT changes from one state to another. As of 1 September 2017, the state government of Tamil Nadu taxes petrol by 36.04%.

Factors Affecting Petrol Prices in Tamil Nadu

  • Freight: The price paid to a transporter for the imported crude oil is called ocean freight. When ocean freight is added to the FOB price, we get cost and freight price.
  • Free On Board Price (FOB): The price paid by Indian oil marketing companies to import crude oil from overseas corporations.
  • Customs Duty: It is a tax imposed by the government on imported crude oil. As of February 2021, it is charged 2.5% of the cost and freight price.
  • Excise Duty: The tax that the central government imposes on petrol. It remains identical throughout the country.
  • Import Charges: Import charges comprise of 3 charges: (i) insurance charges, (ii) port dues, and (iii) ocean losses. The insurance service provider (ISP) premium for the insurance cover is called insurance charges. Port dues are the charges paid for using the facilities of a port.
  • Refinery Transfer Price: It price is the price repaid by oil marketing companies to refineries for buying petrol.
  • Depot Price: The price paid by retail petrol owners to buy/import petrol from oil marketing companies.
  • Inland Freight: It is the price paid by oil marketing companies for transporting petrol from refineries to retail markets.

Impact of GST on Petrol Rates in Tamil Nadu

The GST regime taxes all kinds of goods and services under 4 tax slabs, which are

  • 5%,
  • 12%,
  • 18%, and
  • 28%.

The lowest rate fixed by the GST Council to date is 5%, and the highest rate is 28%. 5 petroleum products, including petrol, have been kept outside the regime of GST. Even though petrol is taxed at the highest rate, the state and central governments’ revenue will be significantly affected. Hence, the GST structure does not impact petrol prices in Tamil Nadu.

Diesel Costs vs Petrol Costs in Tamil Nadu

As of 1 March 2021, the mean petrol price was Rs. 91.76, whereas diesel’s mean rate was Rs. 82.24. Petrol rates in the state are expected to rise over the next few months marginally.

If you have any queries regarding the fuel prices in any of the states or union territories of India, please visit Dialabank.

FAQs about Petrol Price in Tamil Nadu

✅ What is today’s Petrol price in Tamil Nadu?

Today’s Petrol price in Tamil Nadu is ₹ 93.1 per litre.

✅ What is the average Petrol price in Tamil Nadu?

The average Petrol price in Tamil Nadu was ₹ 93.9 per litre on 27 February 2021.

✅ When was the highest Petrol price in Tamil Nadu?

At ₹ 93.9 per litre, the highest Petrol price in Tamil Nadu was recorded on 27 February 2021.

✅ Which city has the costliest Petrol price in Tamil Nadu?

Ooty has the costliest Petrol price in Tamil Nadu, with ₹ 95.01.

✅ Which city has the lowest Petrol price in Tamil Nadu?

Chennai has the lowest Petrol price in Tamil Nadu with ₹ 93.1.

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