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Petrol Price in Bangalore (17th August 2017)

It becomes extremely important to check the daily petrol price in Bangalore before you fill your tank. This is because unlike before, where petrol prices changed every fortnight, what we are seeing is that prices keep changing in Bangalore city more often. For example, today's petrol prices in Bangalore was very different to what it was until a few days ago. This is because of beginning of June 15, there is a daily price revision.

Petrol Price in Bangalore Today (Applicable from 6 am)

Last 10 Days Petrol Rate in Bangalore

Date Price Price Change
Aug 16, 2017 ₹ 69.19 ₹ 0.07
Aug 15, 2017 ₹ 69.12 ₹ 0.12
Aug 14, 2017 ₹ 69.00 ₹ 0.20
Aug 13, 2017 ₹ 68.80 ₹ 0.26
Aug 12, 2017 ₹ 68.54 ₹ 0.24
Aug 11, 2017 ₹ 68.30 ₹ 0.31
Aug 10, 2017 ₹ 67.99 ₹ 0.16
Aug 9, 2017 ₹ 67.83 ₹ 0.06
Aug 8, 2017 ₹ 67.77 ₹ 0.09
Aug 7, 2017 ₹ 67.68 ₹ 0.15

Daily & Monthly Petrol Price in Bangalore : Graphical Representation

Historical Petrol Price in Bangalore

  • Trend of Petrol Rate in Bangalore, July 2017
  • Petrol Price
    1 st July Rs.64.24
    31st July Rs.66.45
    Highest rate in July Rs.66.45 on July 2
    Lowest Rate in July Rs.64.21 on July 2
    Over all performance Rising
    % Change +3.33%
  • Trend of Petrol Rate in Bangalore, June 2017
  • Trend of Petrol Rate in Bangalore, May 2017
  • Trend of Petrol Rate in Bangalore, April 2017
  • Trend of Petrol Rate in Bangalore, February 2017
  • Trend of Petrol Rate in Bangalore, January 2017

Daily Petrol Price Revise in Bangalore

In fact, after petrol prices were deregulated, we saw fortnight revisions. This was highly inconvenient for consumers who ended-up paying Rs 2-3 higher for fortnightly revisions. This put an additional pressure and burden on the consumer. Things have become a lot easier these days with the everyday price revision of petrol not only in the city of Bangalore but, also the entire nation. Oil marketing companies like Indian Oil, HPCL and BPCL will now revise the prices early morning and this is a big plus for consumers.

India is a fast growing country, and also India is a big producer, consumer, and importer of petroleum products. Demand for oil products is increasing in India and India, There is a vast scope of oil storage. Having petroleum will provide technological improvements, financial incentives, policy initiatives and legislative measures. Mainly, the transport sector is the sector where most of the petroleum products especially petrol and high-speed diesel are consumed. Due to this consumption petrol price in Banglore is increasing day by day. Comparatively the petrol rates in Banglore in the past ten years are up by nearly thirty to forty rupees. There was a time when petrol price Bangalore was as low as Rs 40. But now due to the high Consumption and the necessity petrol rates are now at nearly almost at Rs 70. As of the rates seems to be doubled. Road transport solely accounts for about 37 per cent of the total oil usage, and the remaining is consumed for the machinery and other products which run on fuel.

Petrol Rates in Bangalore Steady

From the past three years the petrol price in Bangalore has changed frequently once every 15 days. Before June 16th petrol price in Bangalore used to change every 15 days or two weeks by the top petroleum companies once. But the price of petrol now changed daily in the morning at 6.00 a. This change has been due to various reasons. Before two weeks once the price used to change around one or two rupees whereas now the price change in paise.
Anyhow due to the price change, larger vehicles tend to lose or save money every day. Even the companies which use a lot of petrol every day by buying and storing them in the big vessels may also buy petrol by having a track on petrol every day and buy it when the price of the petrol in Bangalore falls.

Why is Diesel price less than Petrol price in Bangalore?

We know that both petrol and diesel are produced from crude oil then why is the petrol price in Bangalore is costlier than Diesel price most of us wonder. There are many reasons such as the refining costs, taxes, demand, etc.

The first and the main reason for it is the refining cost. In the refining process of the crude oil, crude Oil is separated into different components then further it is treated to form petrol, diesel or other petroleum products. So during the further treatment for making petrol, it will cost a lot whereas for the diesel it will not cost that much comparatively. Diesel is heavier and less volatile when compared to petrol. So, Diesel is not as much refined as petrol is refined. There are other duties such as Excise Duty, VAT, etc. which are a little higher for petrol when compared to Diesel. All these together make the petrol price in Bangalore costlier comparatively.

Comparing petrol prices vs diesel prices?

 In diesel car, initial buying cost is high, but mileage is greater than its petrol counterpart. So now what matters is how much you drive in a month, if you drive around 1500kms a month or 50kms every day, then go for diesel, otherwise petrol.

 If you are someone who frequently takes long distance trips, comfort ability would be a factor, and diesel cars are more comfortable than petrol, plus the ease of driving will be better in diesel ones.
Coming to Bangalore, the usage of four wheeler has risen in both petrol and diesel. But, people prefer the petrol cars because compare to diesel, petrol cars are low on maintenance. Oil marketing companies are planning to put in place a mechanism to which fuel prices petrol will be compared with international crude oil prices on a daily basis.
 From the past four days, the petrol price in Bangalore rose to 12 paise.i.e Rs 68 to RS 68.12 paisa.

Petrol price today at Rs 65.85

According to Transport Department data, two-wheelers continue to dominate the city’s roads, followed by cars
Around 60 lakhs of vehicles using petrol in Bangalore. Petrol plays important role in Indian economy.But the rate of the petrol will never stay constant. As on Monday, July 24, 2017, the petrol cost is 65.79 Rs/Ltr, but, has moved higher by the week end to Rs 65.85 as on Friday, July 28, 2017.

 

Petrol prices in Bangalore at 65.75

Petrol prices in the city of Bangalore have been on a constant uptick since the start of July 17. On July 27 we have Bangalore prices of petrol at Rs 65.75, up from levels of 65.32 that we saw since July 17. It is likely that crude oil prices may stay steady and this could also lead to steady prices of of petrol in the city of Bangalore. The city derives its prices from international crude which have seen a rebound in the last few days and hence this has impacted prices in Bangalore as well. It is unlikely that we will see a further sharp escalation in prices of petrol and diesel in Bangalore.

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