Petrol in India is traded at Rs 69.59 per litre in New Delhi, Rs 76.31 per litre in Mumbai City, Rs 73.30 per litre in Kolkata, Rs 72.28 per litre in Chennai. Earlier the petrol and diesel prices were revised every fortnight, which means the petrol price and diesel price changed on the 1st and the 16th of every month. However, from June 2017, a new scheme was implemented under which petrol prices are being revised every morning at 6 am. The petrol price and diesel rate are being revised on a regular basis due to dynamic fuel pricing.
The NDTV Challan Update app, apart from giving you status of your online challan, provides you with information on petrol price in India. It provides you the list petrol prices in metro cities - Delhi, Mumbai, Kolkata and Chennai. As you scroll down, the app would give the per litre petrol price of the day in all the cities across India, along with the change (upward or downward). The city-wise list is arranged alphabetically. As you scroll further down, a state-wise list of updated petrol price would appear along with the fluctuation from previous day.
To simplify the process and know the petrol rate today, all you need to do is use the drop down menu, select the state and the city you wish to check the price of petrol for. By selecting the same, the petrol price for the day would appear. Apart from it, a map would surface that would show fluctuations in the past ten days. The petrol prices for the last 10 days would also appear in a tabulated form and it would also reflect the downward and upward change in the petrol prices.
You can also get notifications of the petrol price in the city every day by subscribing to the NDTV service via mail and SMS. To subscribe to this service, simply punch in your e-mail id and mobile number to get notifications. You can subscribe for browser notifications facility. It is a simple way to be updated about the petrol price in your city. You can also subscribe for to get browser alert by checking the box against this service. It’s an easy way to be updated about the petrol price in your city.
The page would also list the cities of your chosen state and list the petrol prices against it.
The price of fuel is dependent upon the cost of crude oil, the taxes that centre and state impose, dealer’s commission, among others. There are daily fluctuations in the prices of petrol and diesel due to dynamic pricing system that reflects fluctuations in global oil market.
Earlier the petrol and diesel prices were revised every fortnight, which means the petrol price and diesel price changed on the 1st and the 16th of every month. However, from June 2017, a new scheme was implemented under which prices are being revised every morning at 6 am. This was done to decontrol price and benefit the customers. With dynamic pricing, speculative market forces are also being kept in check.
India imports more than 80 per cent of petroleum products. From procurement to payment to the refineries, to excise duty, dealer commission and Value-Added Tax or VAT help in deciding the retail price of petrol. Change in global crude oil prices significantly impacts the prices in the country. Another factor that affects the petrol and diesel price is the value of the dollar. Also, since the global prices for petrol and diesel are priced in dollars, the strength of the local currency against the US dollar vastly impacts the prices of the fuel.