Petrol prices in Bangalore have been turning more volatile, as prices of crude oil have been showing a firm trend. It is important to check todays petrol price in Bangalore ₹ 85.42 (3rd December 2020), especially if you are going for a long drive. Remember, petrol and diesel prices are revised daily, so you can lose much, if you are travelling on a long distance. The rupee has also moved lower against the dollar, which has made petrol prices in Bangalore more expensive than before. It is hoped that the government can reduce excise duties, so as to enable rates to become more cheaper in the coming days.
|Dec 2, 2020||₹ 85.25||₹ 0.16|
|Dec 1, 2020||₹ 85.09||₹ 0.00|
|Nov 30, 2020||₹ 85.09||₹ 0.00|
|Nov 29, 2020||₹ 85.09||₹ 0.22|
|Nov 28, 2020||₹ 84.87||₹ 0.24|
|Nov 27, 2020||₹ 84.63||₹ 0.20|
|Nov 26, 2020||₹ 84.43||₹ 0.12|
|Nov 25, 2020||₹ 84.31||₹ 0.00|
|Nov 24, 2020||₹ 84.31||₹ 0.06|
|Nov 23, 2020||₹ 84.25||₹ 0.07|
|Highest rate in December||Rs.85.42 on December 3rd|
|Lowest Rate in December||Rs.85.09 on December 1st|
|Over all performance||Rising|
|Highest rate in November||Rs.85.09 on November 29th|
|Lowest Rate in November||Rs.83.69 on November 1st|
|Over all performance||Rising|
|Highest rate in October||Rs.83.69 on October 1st|
|Lowest Rate in October||Rs.83.39 on October 7th|
|Over all performance||No Change|
|Highest rate in September||Rs.84.75 on September 1st|
|Lowest Rate in September||Rs.83.69 on September 22nd|
|Over all performance||Falling|
|Highest rate in August||Rs.84.70 on August 30th|
|Lowest Rate in August||Rs.83.11 on August 1st|
|Over all performance||Rising|
|Highest rate in July||Rs.83.12 on July 24th|
|Lowest Rate in July||Rs.83.04 on July 1st|
|Over all performance||No Change|
|Highest rate in June||Rs.83.04 on June 29th|
|Lowest Rate in June||Rs.73.55 on June 1st|
|Over all performance||Rising|
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 the beginning of June 15, there is a daily price revision.
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 85 per litre.
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 am. 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.
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.
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, comfortability 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 wheelers 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 is constant.
Petrol prices consists of different factors such as the international price of crude oil, freight costs, refining costs, profit margins of the oil manufacturing company, commission of the distributors, state and federal taxes and other charges such as pollution prevention and pump servicing fees. Even though most of the factors appear the same from location to location, the value added tax (VAT) levied by the state government is one major factor that greatly impacts the petrol price in Bangalore or any other city in India.
In Bengaluru's scenario it is the VAT imposed on petroleum products by the Karnataka government that is the biggest factor when it comes to the petrol price in Bengaluru. Also, the petrol price varies from one fuel firm to the other and the price differ from BP and HP petrol pumps and IOC. Other influences that cause small differences in the fuel cost are commission charges for dealers and service charges for petrol stations, which are different for various stations around the region.
The price of petrol is updated on a daily basis in Bangalore as well as all other cities and states across India due to the implementation of Dynamic Fuel Pricing mechanism. Hence, due to the daily changes in the petrol price, it’s difficult for petrol consumers of Bangalore to track the transparent petrol price of the city. Many strategies for monitoring the petrol price of all the cities of India including Bangalore have been introduced by the OMCs which are: Via SMS facility, Via Mobile Apps, Via Toll-Free numbers and Through the Official Websites of the OMCs. The following procedure will allow you to check the correct or transparent petrol price of Bangalore from the comfort of your home or office.
Via SMS- By following the below-given process you can easily track the latest petrol price of Bangalore through SMS service.
Fuel consumers of Indian Oil: SMS RSP dealer code and send it to 9224992249
Fuel consumers of Bharat Petroleum: SMS RSP dealer code and send it to 9223112222
Fuel consumers of Hindustan Petroleum: SMS HPPRICE dealer code and send it to 9222201122
Via toll-free numbers- You can get the current petrol price of Bangalore by calling the toll-free numbers of the respective OMCs given below.
Indian Oil- 9224992249
Via Mobile Apps- Mobile applications which are delivering the existing fuel price of a city have been introduced by OMCs. Mobile applications delivering the existing fuel price of a city have been introduced by OMCs. Indian Oil customers can install and use the 'Fuel@IOC' app, whereas Bharat Petroleum customers can utilize the 'SmartDrive' application and Hindustan Petroleum's fuel buyers can access the 'MY HPCL' app to monitor the transparent fuel price of Bangalore.
Through website- You can follow the authoritative website of Indian Oil, Bharat Petroleum and Hindustan Petroleum to identify the correct petrol price Bangalore. But in addition to this, Goodreturns.in also assists you to seek the appropriate fuel prices for all cities in India.
Petrol and diesel prices continue to adjust on a daily basis and it is assumed that seeking the appropriate fuel price is a struggle as the main question in the thoughts of consumers is how to track the correct and latest petrol price of Bengaluru. After all, multiple oil and gas companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum have taken to various fuel customer service strategies such as SMS, mobile apps and customer support in order to keep up to date with the city's regular oil and diesel prices. Fuel consumers can download the mobile apps of the above mentioned oil companies of India. The apps are currently available on Google Play Store and App Store and only Android/IOS users can install and use this app for free. Using the mobile apps fuel consumers across the country can easily track the latest price trend of petrol directly from their comfort.
All the metro cities of the country including Bengaluru are currently following the Dynamic Fuel Pricing mechanism which was introduced on June 17 for regular modifications of petrol price across the country. Hence, it is suggested to track the current petrol price of Bangalore before heading to your office or fuelling your vehicle, this will not only keep you updated with the latest price of petrol but also save your money. Because of state taxes and other reasons, fuel prices differ across states or cities. However, smartphone apps allow fuel customers to track fuel prices anytime anywhere. Apart from this the current fuel rates can also be obtained through SMS services or by visiting a specific oil provider's website as mentioned above. Below are the mobile apps that enables you check the current petrol price of Bangalore by staying at your comfort.
The smartphone app Fuel@IOC-Indian Oil allows Indian oil fuel customers to conveniently search the fuel rates of Bangalore. Indian oil fuel customers can conveniently find the correct price of petrol and diesel through this app from the ease of their workplace or bedroom. This app is compliant with both IOS and Android devices for download. Android users can download the Fuel@IOC-Indian Oil app from the Google Play Store and the IOS lovers can download the same from App Store. The smartphone app of Indian Oil helps users to check for current fuel prices on a 24x7 basis. Before fuelling your vehicle, it is advised to track the latest petrol price of Bangalore as this strategy will help you to stay tuned with the fluctuations of petrol rates on a daily basis. Fuel@IOC-Indian Oil app is your right compliment to keep abreast anywhere with the updated petrol price of the city. To consider the ongoing fuel price pattern in Bangalore open your palm to grab this user-friendly app by downloading the app from the default store of your mobile just with few taps. Fuel@IOC-IndianOil is free to download on both Apple and Android phones, which are the most popular platforms in India. But apart from this mobile app segment, you can also track the latest fuel price of Bangalore by visiting the official sites of Indian Oil, calling to the customer care service or via SMS, in case you are not a smartphone user.
Hindustan Petroleum, launched by my HPCL mobile app, also adds a better section to stay informed with Bangalore's revised and precise petrol price. My HPCL Mobile App is absolutely free to download for all types of mobile users. Hence, IOS, Android, and Windows mobile users can download this app within a few seconds from the default app store of their mobile phones. This app also has some fascinating features for Bangalore's fuel users, such as Outlets & Services, My Vehicle, Notifications, Customer Care Section, Reviews, Assistance & Tips, and also offers access to Renewal of the existing insurance with the partner company, DTPLUS (HPCL Loyalty Program for fleet operators) and HPGAS (LPG). In addition to providing the transparent petrol price to the fuel consumers of Bangalore, this app also provides user-centric services to the HPCL’s user database. The petrol rates keep changing on daily basis based on the global market conditions and USD to INR currency exchange value.
Hence it is important for the fuel consumers of Bangalore to stay tuned with the daily price revision or market dynamics of petrol of the city. By keeping My HPCL Mobile App handy petrol consumers of Bangalore can track the petrol price of the city on their go based on 24x7 time-frame. Petrol consumers in Bangalore can quickly check for new petrol prices in the city from the comfort of their domicile or office. Before going to the office or loading the fuel container of their car, customers can hit the revamped petrol price every morning with a few taps by using the My HPCL Mobile App. Bangalore's petrol consumers who do not have a mobile can also access HPCL's website or use the SMS service or HPCL's toll-free number to regularly monitor the city's current fuel prices.
Today's petrol rate in Karnataka is set according to the regular 'Dynamic Fuel Pricing' process. You can verify the latest oil price in Karnataka here, find today's petrol rate in Karnataka with quarterly market patterns. Petrol prices are revised regularly in Karnataka by state-run oil firms at 6:00 am IST. By covering the below you can know how petrol prices are determined in Karnataka and how they are relative to other states of India and also you can find the latest petrol price of Karnataka and components impacting India's petrol prices as well on this page. Karnataka is one of the southern Indian states and Bangalore, India's silicon valley, is the capital city of the state. Every day around 1,750 new vehicles are registered in the city and in the previous year the vehicle population in Bengaluru passed 80,45 lakh. Throughout the state, the overall number of vehicles registered in the previous fiscal year went up to 2,10 crore. With the rising number of fuel-run and vehicles in the state, the fuel consumption is also rising at a lucrative speed.
Bangalore is one of the biggest metropolitan city of India.
The population is very huge while comparing with other major cities in India. The petrol rate in Bangalore is not changed today and stands at Rs.75.30/- due to elections which are going to held in the city tomorrow. From the last 10 days, petrol rate in Bangalore has been moving in a very narrow band.
The fuel rates in Bangalore mainly depends on how international prices of crude oil move. It is largely linked to international crude prices, which trade abroad. Indian crude basket determines the price of petrol in Bangalore. In the international oil market, crude prices went up, backed by worries over tightening global supply because of US curbs against Iran and Venezuela. International Brent crude oil futures were trading at USD 71.93 per barrel, up by 21 cents or 0.3 per cent from their last close.17 April 2019
Petrol price in Bangalore today was increased to Rs 75.23 per litre. The rise in fuel rates was seen despite a fall in international rates. The prices of Oil eased by 1 percent from their 2019 highs after the attention has now shifted to the lack of progress in the US and China talks. To pile on to the fears of the global economic slowdown was the release of grim manufacturing data from Germany and the US. Slower growth in the world economy is bad for oil demand, thus pushing its prices lower. Benchmark Brent crude futures fell by 1.3 percent to $66.96 a barrel. The contract hit a four-month high of $68.69 on Thursday. Supply cuts from the OPEC and its allies have caused oil prices to increase by as much as 20 percent from January. PMI data released in Germany and France further disappointed traders as the slowdown concerns have moved to all the major parts of the world.23 March 2019
Petrol price in Bangalore today was increased to Rs 75.18 per litre even as international rates fell and the rupee strengthened. While the Indian rupee turned tables from being the worst performing currency in Asia to the best, the international benchmark for crude oil Brent fell by 14 cents from its last close to $67.72 a barrel. US West Texas Intermediate (WTI) futures were down by 14 cents to $59.84 per barrel. The hike in petrol price in Bangalore today appears to be a result of the rise in the benchmarks in the previous trading day. Crude rates are mixed for the moment with factors like the OPEC production cuts and concerns of a slowdown in economic growth have been balancing the price both ways. In a previous session this week Brent hit its four-month high, however, data suggests that economic activity has slowed down in Europe, Asia, and North America.22 March 2019
Petrol price in Bangalore today was reduced by 7 paise to Rs 75.13 per litre. The fuel's rates were reduced despite an increase in international rates to their 2019 highs. Supported by the tightening of US stocks and reduced output from OPEC due to scheduled cuts and sanctions on Venezuela and Iran has pushed the oil rates higher. Benchmark Brent crude oil futures were up by 5 cents to $68.55 a barrel while the US West Texas Intermediate was down by 13 cents to $60.10 per barrel. India imports crude oil from the USA as well as the Middle East. Apart from the global rate of crude, the foreign exchange rate also impacts the price at which fuel is sold in India. With rupee sailing strong for nearly two weeks, it is likely that the fall in petrol price in Bangalore today was a result of it.21 March 2019
Petrol price in Bangalore today was unchanged at Rs 72.78 per litre on firm global cues. The international oil prices climbed marginally from supply cuts from the OPEC and US sanctions on Venezuelan and Iranian exports. The climb was curbed by the concerns of an economic slowdown around the globe. Benchmark Brent crude oil futures rose by 18 cents or 0.3 percent to $67.79 a barrel when compared to their last close. US WTI increased marginally by 6 cents to $ 59.09 per barrel. The global rates have increased by almost a third in 2019 mainly due to OPEC's decision to withhold around 1.2 million barrels per day. Analysts are expecting the prices to curb down from the suspected global economic slowdown. On Wednesday, a Thomson Reuters/INSEAD survey found that Asian business confidence held near three-year lows in the first quarter from the US-China trade dispute that was dragged on.20 March 2019
Petrol price in Bangalore today remained at Rs 75.20 per litre as international oil prices slipped from their four-month highs on Tuesday, but still hovered near their 2019 peaks as supply cuts led by producer club OPEC remain. Sanctions against oil producers Iran and Venezuela from the US are also adding pressure to the crude prices. Traders feel that the market may be being capped by the rising American output. Global benchmark Brent crude oil futures were was down by 4 cents at $67.50 per barrel. Earlier today it rose to a four-month high of $68.20 a barrel. US West Texas Intermediate (WTI) futures for April delivery dropped 25 cents to $58.84 per barrel, after hitting an intraday peak at $59.57, its highest level since 12 November. Petrol price in Bangalore is set based on the average of the fuel prices for 15 days and the exchange rate of the rupee. The Indian rupee rose for the seventh straight trading session today.19 March 2019
Petrol price in Bangalore today was increased by 7 paise to Rs 75.20 per litre. The retail prices of fuel were raised across Indian cities despite a fall in crude prices internationally. In the global markets, benchmark Brent fell by 26 cents to $ 66.90 a barrel from concerns of an economic slowdown that could possibly dent demand for fuel and despite the possibility of prolonged OPEC-led oil supply curbs. After a report said the OPEC's panel meeting on Monday to review progress with an OPEC-led supply cut deal is recommending the producers cancel a policy meeting that was scheduled for April, caused the prices to go lower. While Saudi Arabia, OPEC's de-facto leader has been cutting output by more than the amount it is required to and after canceling the April meeting, it is suggesting its unwillingness by other OPEC and non-OPEC producers to do anything to stop prices from rising. However, the increase in oil outputs from the United States has helped to offset the supply cuts.18 March 2019
Petrol price in Bangalore today was increased to Rs 75.05 per litre despite a fall in international crude oil rates. The global benchmarks, Brent and US West Texas Intermediate fell to $67 and $58.42 a barrel respectively from worries of a global economic slowdown and reduced US production. At the end of last year, the OPEC and its allies had agreed to cut their production in order to stabilize the oil prices. However, the threat of a slowdown in economic activities has increased largely between then and now especially after China reduced its growth projections and increased risk of the bad Brexit deal. Traders are concerned that the demand for oil in parts of Europe and Asia would not rise if not lower. The increase in US shale output also added to the factors that caused the rates to fall. Petrol price in Bangalore was however not lowered in reflection to the change in global rates.16 March 2019
Petrol price in Bangalore today rose to Rs 74.96 per litre despite a fall in the international prices and a stronger rupee. In the global market, both the oil benchmarks fell. While the US West Texas Intermediate (WTI) crude oil futures dipped 48 cents to $58.13 per barrel after having hit their highest so far this year at $58.95. Brent crude oil futures were trading at $66.51 per barrel, down by 72 cents from their last settlement and below their 2019 peak of $68.14 that it reached on Thursday. The Organization of the Petroleum Exporting Countries and its allies that include Russia had cut its production as planned in December. The prices have still been cushioning because of the concerns of a global slowdown once again. There are concerns among traders of an economic slowdown that has gripped large parts of Asia and Europe (especially after Brexit) that will dent growth in fuel demand.15 March 2019
Petrol price in Bangalore today was increased to Rs 74.89 per litre after international oil prices rose to its highest level for this year. Unexpected production disruptions added to the ongoing planned supply cuts from the OPEC (Organisation of Petroleum Exporting Countries) and sanctions from the US on Iran and Venezuela. Benchmark Brent crude futures rose to a 2019 high of $67.80 per barrel. It was also its strongest level since November 2018. US West Texas Intermediate (WTI) crude futures were up by 12 cents to $58.38 a barrel. An unexpected fall in the US oil inventories and production pushed the rates higher. Additionally, the massive blackout from the economic and political crisis in Venezuela has caused production and export disruption in the country. Iran's crude exports are being sought to be actively cut by the US who aims to reduce it by 20 percent to below 1 million barrels per day. By imposing sanctions Iranian imports, it aims at reducing the amount of oil that Iran's customers are currently purchasing.14 March 2019