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Petrol Price in Lucknow (19th March 2024)

Today's petrol price in Lucknow is at Rs. 94.56 per litre, reflecting a slight decrease compared to yesterday's rate of Rs. 94.65. Over the past 10 days, fluctuations have been observed, with prices ranging between Rs. 96.47 and Rs. 94.56. You can also view today's petrol prices in other districts of Uttar Pradesh and compare them with the rates from the previous day, which already include state taxes.

Mar 19, 2024
₹ 94.56 / Ltr ( ₹ -0.09 )

Last 10 Days Petrol Rate in Lucknow

Date Price Price Change
Mar 18, 2024 ₹ 94.65 -0.04
Mar 17, 2024 ₹ 94.69 0.13
Mar 16, 2024 ₹ 94.56 -0.09
Mar 15, 2024 ₹ 94.65 -1.92
Mar 14, 2024 ₹ 96.57 0.01
Mar 13, 2024 ₹ 96.56 -0.01
Mar 12, 2024 ₹ 96.57 0.15
Mar 11, 2024 ₹ 96.42 -0.15
Mar 10, 2024 ₹ 96.57 0.00
Mar 9, 2024 ₹ 96.57 0.00

Daily & Monthly Petrol Price in Lucknow : Graphical Representation

Historical Petrol Price in Lucknow

  • Petrol Rate in Lucknow, March 2024
  • Petrol Price
    1st March ₹ 96.62
    19th March ₹ 94.56
    Highest rate in March ₹ 96.62 ( March 1st )
    Lowest Rate in March ₹ 94.56 ( March 16th )
    Over all performance Falling
    % Change 2.13%

    Petrol Price Trend in Lucknow for March 2024

    - Petrol prices in Lucknow commenced the month at Rs 96.62 per litre.

    - The lowest recorded rate was Rs 94.56, a -2.13% decrease relative to the month's initial price.

    - The latest data indicates that the current price of petrol is Rs 94.65 per litre.

    - Overall, March showcases a falling trend in Lucknow's petrol prices.

  • Petrol Rate in Lucknow, February 2024
  • Petrol Rate in Lucknow, January 2024
  • Petrol Rate in Lucknow, December 2023
  • Petrol Rate in Lucknow, November 2023
  • Petrol Rate in Lucknow, October 2023
  • Petrol Rate in Lucknow, September 2023

How are Petrol Prices in Lucknow Updated?

In Lucknow, under the dynamic fuel pricing system that came into force on 16 June 2017, all petrol bunks must update the petrol prices. Dynamic fuel pricing is a standardised fuel pricing system where fuel prices are modified at 06:00 a.m. every day. In accordance with crude oil exchange rate and cost. Other countries that adopt the regular method of revision are the United States, Russia and Australia. By adopting the strategy, India also joins these countries. The regular analysis will raise optimism in the sustainability of modernization, as routine changes can be quickly forwarded on to buyers. In the new arrangement, the change is free of government regulation. Dynamic fuel pricing also allows greater stability and versatility for the oil marketing companies (OMCs). Distributors will be in a position to follow the best principles of wealth management. The daily revision is a significant change in the fuel retail industry. 

Daily price revision of petrol in Lucknow

In Lucknow, petrol rates are changing every day opposed to the earlier trend of revising rates once every 15 days. But if you're going to load petrol every day, it is recommended to check today's petrol price of the city. By considering this, monitoring the daily petrol prices at goodreturns.in will be essential. The petrol price of Lucknow is updated every day at 6 A.M. So it'd be wise to search for an update in the daily petrol prices in Lucknow before you leave the house. The frequent adjustment of the petrol prices is likely to only be for a few paise or rupee. If you already fill large quantities, though, a minor revision may also mean a tonne. Therefore, it'll become necessary to search the daily petrol prices in Lucknow before loading your vehicles with petrol.

Note, such rates are generally updated depending on what the global market situation is. So, when foreign crude oil prices are rising, the price of petrol in Lucknow will also jump. You can check the modified petrol price of Lucknow and also compare current price with the previous day visiting Goodreturns.in regularly.  

What is Dynamic Fuel Pricing?

In India, dynamic fuel pricing was implemented to eliminate political impact on fuel pricing, guarantee 100% consistency in fuel pricing, sync petrol consumers with market trends, immediately transfer ups and falls in international crude oil rates to end-users, reduce the burden on dealers' and oil marketing companies' working capital and encourage private holders in the sector of fuel retailing. The petrol price of Lucknow was revised every fortnight before dynamic pricing, i.e. on the 1st and 16th of each month. But now, Lucknow’s petrol consumers are followed on a daily basis by dynamic fuel pricing. The revised fuel price will be adjusted by 6 a.m, as per the new mechanism and hence all the oil companies will reflect the updated price across their respective fuel stations, mobile apps, and official websites in India. Considering this automated centrally-connected filling stations will get an automated petrol price change non-automated fuel bunks will have to render the updated price manually accessing the price from of the official website of the respective oil company. 

Petrol consumers of Lucknow can download and install the mobile apps of specific oil firms, such as state-owned Indian Oil, Hindustan Petroleum, Bharat Petroleum and private-owned Shell and Essar, to find the latest petrol price of the city. Apart from this, the consumers can also use SMS service and toll-free numbers of the respected oil firms to track the petrol price of Lucknow on a daily basis. As a petrol consumer of Lucknow or any other city you can visit our site i.e.

Goodreturns.in regularly at 6 a.m to track the accurate and updated petrol and diesel rate from the comfort of your bed.    

How the petrol rates in Lucknow are determined by the Dynamic Fuel Pricing?

After its deployment on June 17, the mechanism named as 'dynamic fuel pricing' was widely known. Fuel prices tend to shift on a regular basis, in line with the currency exchange ratio between the USD and the INR, as well as the price of crude oil. Consequently, monitoring fuel prices is often necessary before filling your tank. Whereas Lucknow was impacted, all petrol stations adopted the dynamic fuel pricing model across the city from 17 June thereafter. Although Dynamic Fuel Pricing has been introduced in the country, the main objective of the strategy is to improve the reliability of fuel prices so that the OMCs (Oil Marketing Companies) are not controlled or pressured by federal agencies. Consequently, the updated prices can be easily provided to the customers because of the fluctuation in crude oil rates and the INR-USD exchange rate, and even fuel station dealers can manage their commissions and cash efficiently by following the current mechanism. 

Impact of GST on petrol price in Lucknow

For all types of goods and services, Indian customers are paying GST. On 1 July 2017, GST came into force. Under a unified forum called GST, all Indian taxpayers are placed forward. Petrol and diesel are not listed in the GST regime. The new GST rate does not, however, make any impact to the price of petrol in the state. The price of petrol is expected to decrease by at least 30 percent if GST is levied on petrol.   

How to get the correct petrol price of Lucknow?

The recent fuel changes can effectively be monitored of state-owned oil companies such as Bharat Petroleum (BP), Hindustan Petroleum (HP), Indian Oil and Shell Oil through an SMS and customer care facility, But apart from this offline mechanism you can also visit the websites of these oil firms directly to hunt the transparent petrol price of Lucknow.

Hence, as a petrol consumer of Lucknow you can search Lucknow's current petrol price by using any of the methods mentioned below. Following the Dynamic Fuel Pricing mechanism, the petrol price across all the cities of India keep changing on a daily basis. And hence you can compare the petrol price of today with yesterday’s petrol price on the adobe mentioned table of this page. Today's petrol price in a city is very hard to confirm due to the daily revision in petrol price. However, OMCs have established many initiatives to verify Lucknow's daily petrol prices. 

Via SMS- The following method will allow you to get the latest petrol price of the city via the SMS facility.

  • Indian Oil: SMS RSP dealer code and send it to 9224992249  
  • Bharat Petroleum: SMS RSP dealer code and send it to 9223112222 
  • Hindustan Petroleum: SMS HPPRICE dealer code and send it to 9222201122

Via website- You can visit the official website of Indian Oil, Bharat Petroleum and Hindustan Petroleum to find the exact petrol price of Lucknow. But in addition to this, Goodreturns also helps you to find the appropriate oil prices for all cities in India, including Lucknow.

Via Mobile Apps of the OMCs- Mobile applications promising the existing fuel cost of an area have been introduced by OMCs. Indian Oil customers can access and use the 'Fuel@IOC' app, whereas Bharat Petroleum customers can utilize the 'SmartDrive' app and Hindustan Petroleum's fuel buyers can use the 'MY HPCL' app to monitor the accurate price of the city

Via toll-free numbers- You can determine the proper petrol price of Lucknow by contacting the toll-free numbers of the OMCs given below.

  • Indian Oil- 9224992249  
  • Bharat Petroleum-9223112222  
  • Hindustan Petroleum-9222201122

How is Petrol Price calculated?

The price of petrol is rapidly rising, necessitating an understanding of how the price is calculated.

Petrol is one commodity in India that has been exempt from the Goods and Services Tax (GST). In India, the retail selling price of petrol is determined by the crude oil price, the OMC margin, transportation costs, freight costs, central government taxes, state government taxes, excise duty, and other taxes.

Crude oil: India is a major importer of crude oil and a major component of the retail selling price of gasoline. Because crude oil is required for the production of gasoline, Indian oil companies pay additional fees to overseas crude oil companies in addition to freight and insurance charges to obtain the oil.

OMC Costs: Oil marketing firms refine crude oil into gasoline and then sell it to dealers. These companies sell gasoline to dealers after deducting their own profit margin, which includes transportation, operational, and refinery processing costs, among other things.

VAT : The value added tax on gasoline varies by state, which is why gasoline prices differ across states and cities.

Central and state taxes: The Indian government currently levies an excise duty of Rs.21.48 per litre on petrol. 

Petrol prices in Lucknow Rise

Every year, numerous factors play a significant role in dictating the price of petrol globally and locally. This year, the residents of Lucknow have found it difficult to accommodate the rise in petrol prices in their daily budgeting. However, understanding the causes behind this spike can provide a perspective into the future of energy costs in the region.

The cost of petrol is subject to numerous influences, primarily tied to global oil prices. The Organization of Petroleum Exporting Countries (OPEC) decide production levels, which can affect global oil price. Any instability or alteration in production in these countries can directly affect petrol prices in Lucknow and elsewhere.

While global factors do play a significant role, domestic issues also affect petrol prices in Lucknow.

Specifically, state-imposed taxes can heavily influence the end price consumers pay at the pump. Moreover, the Indian Rupee's exchange rate against the dollar affects the net import price, finally reflecting on the petrol prices at the retail level.

The basic principles of economics, supply and demand, also have an influence in this scenario. The price of petrol can increase when the demand for petrol outstrips supply, especially during peak travel seasons. COVID-19 pandemic and subsequent lockdowns have caused unusual fluctuations in this balance, causing gasoline prices to spike.

In spite of these challenges, a surge in petrol prices can also act as a motivator for exploring sustainable energy solutions. With Lucknow being one of the fastest-growing cities in India, the adoption of renewable energy alternatives for transportation can bring long-term stability in energy pricing, also reducing dependence on fossil fuels.

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