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Petrol Price in Chennai (21st May 2018)

Petrol prices are changing everyday in Chennai against the earlier practice of revising prices once in 15 days. So, if you are looking to fill petrol everyday now, you should look at today's petrol prices in Chennai. Therefore, it would be important to check the daily petrol prices at goodreturns.in.

Petrol Price in Chennai Today (Applicable from 6 am)

Last 10 Days Petrol Rate in Chennai

Date Price Price Change
May 20, 2018 ₹ 79.13 ₹ 0.35
May 19, 2018 ₹ 78.78 ₹ 0.32
May 18, 2018 ₹ 78.46 ₹ 0.30
May 17, 2018 ₹ 78.16 ₹ 0.23
May 16, 2018 ₹ 77.93 ₹ 0.16
May 15, 2018 ₹ 77.77 ₹ 0.16
May 14, 2018 ₹ 77.61 ₹ 0.18
May 13, 2018 ₹ 77.43 ₹ 0.00
May 12, 2018 ₹ 77.43 ₹ 0.00
May 11, 2018 ₹ 77.43 ₹ 0.00

Daily & Monthly Petrol Price in Chennai : Graphical Representation

Historical Petrol Price in Chennai

  • Trend of Petrol Rate in Chennai, April 2018
  • Petrol Price
    1 st April Rs.76.48
    30th April Rs.77.43
    Highest rate in April Rs.77.43 on April 24
    Lowest Rate in April Rs.76.48 on April 1
    Over all performance Rising
    % Change +1.23%
  • Trend of Petrol Rate in Chennai, March 2018
  • Trend of Petrol Rate in Chennai, February 2018
  • Trend of Petrol Rate in Chennai, January 2018
  • Trend of Petrol Rate in Chennai, December 2017
  • Trend of Petrol Rate in Chennai, November 2017

Petrol Price in Tamil Nadu State and Major Cities

In Tamil Nadu petrol is used in day to day life as an essential commodity and used primarily for transportation purpose. It is important to track petrol rates in Chennai and other cities as the same is changed everyday by oil marketing companies like IOC, HPCL and BPCL at the petrol pumps in Tamil Nadu. At the same time, it is essential to know the daily petrol price that is changing slightly every day in major cities of Tamil Nadu like Tiruchirappalli, Madurai, Erode, Vellore and Coimbatore etc... Prior to Capital/Metro city Chennai, petrol prices may also vary slightly from city to city in Tamil Nadu.

Daily Petrol Price Revise in Chennai 

In fact, petrol prices would now be revised at 6 am in the morning. So, before you leave for work, it would be advisable to look for a change in petrol prices daily in Chennai. It is likely that the daily revision in petrol prices would be only for a few paise. However, if you are also filling large amounts, a small revision could also mean a lot. It therefore becomes imperative to check the daily petrol prices in Chennai, before you fill petrol in your vehicles. Remember, these prices are revised largely based on what the situation in the global markets is. So, when international crude oil prices jump, petrol prices in Chennai too rally. You can now check the daily petrol prices in Chennai on our website.

Why Petrol Rates in Chennai Change Everyday

The petrol rates in Chennai is changing every day. This is due to change of the petrol prices in the global Markets. There is no production of petrol in India. So India needs to import it, and for importing crude, we need to pay for it. So depending upon the various factors demand for the oil and importing charges, export charges and much more the petrol price in Chennai is fixed.

Demand for the petrol is day by day increasing the number of the vehicle are increasing. If we see, the statistics the number of vehicles increased with the increase in the population. Top oil companies such as Indian oil take various aspects such as duties and charges into consideration and give a new price every day. Within the state for every different city, the price will be slightly different due to various tolls and charges.

Petrol Rates in Chennai

The petrol price in India used to change monthly twice from first and sixteenth of every month. This is when oil companies were facing difficulties to change the price due to various issues. However, now we have petrol rates in Chennai changing on a daily basis. This is called dynamic fuel pricing. The increase and decrease of the petrol price in Chennai will now depend on the crude oil price in the international market. Now moving a step ahead The Indian oil corporation introduced a new app called FUEL@IOC. It helps to know the current petrol rates. If we observe the petrol price in Chennai from last four days, petrol prices were Rs. 67.78, 67.51, 67.37, 67.18. and today the petrol price in Chennai is 67.71.

Petrol prices steady in Chennai

 Petrol prices saw some change in Chennai on Friday as compared to Thursday, as global petrol prices were higher.
 Indian oil companies have introduced many methods to check daily petrol prices daily at morning 6 am.
 Buyers can check the prices through SMS alerts, oil companies mobile apps, websites and toll-free phone numbers.
 Buyers can type RSPDEALER CODE, and send to 9224992249.
 For Indian Oil- 9224992249, Bharat Petroleum-9223112222, Hindustan Petroleum-9222201122.
 The information also will available on company websites and mobile apps, like Fuel@IOC, Smart Drive (BPCL), and My HP CL.
 Yesterday, the petrol price in Chennai was Rs.68.02, and today it was Rs.68.32, a slight change in petrol price.

How todays petrol rates in Chennai are infuenced 

Todays petrol rates in Chennai depend on a host of factors. Among these include the behaviour of crude oil in the global markets and also the movement of the currency. For example, when the rupee falls against the dollar, it becomes very expensive to import crude oil and this reflects on prices of crude. There has been a trend of increasing crude oil prices, which have moved higher from levels of $55 to the current levels of $60. This has led to prices of petrol in Chennai moving way above the Rs 70 mark. 

When this happens it leads to increase in prices of all commodities as petrol is needed for transportation. However, it is better to frequently check prices as this may save you money if you are especially filling large amounts of petrol in your vehicle.  

Why petrol prices in Chennai are high?

In the past, the petrol prices in the country were centralized and changed every fortnight. These days, thanks to a myriad of changes in the political situation in the country, dynamic pricing has been introduced and due to that the prices change every day.

As all of us are well aware, petrol prices in India is something on which both the central and the state government levy their taxes. In fact this is the reason for the current variation in the price of petrol in different areas of the country. In the case of Chennai, there has been an increase in the state tax and this has consequently impacted the price of petrol in the area. That is why although the price of petrol in Chennai in the last month was Rs. 75.07, with effect from the 27th of March it has reached an all time high of Rs 75.66. At this point it is to be noted that the average petrol price in the country last month was Rs 74.26 and that the figures in Chennai were always a tad bit higher as compared to the values at other metros.

One of the other reasons for the sudden rise of the petrol prices in Chennai is, of course, the impact of the global scene. The increase in the global crude oil price was bound to have an impact on the rate in Chennai. With economists predicting these values to rise in the coming months we can only hope that Chennai is able to bear the brunt of it all.

Petrol price in Chennai is close to becoming costliest ever

After today's daily update, petrol price in Chennai is close to beating its all-time high of Rs 79.55 per litre that was seen on 14 September 2013. It was up by 34 paise today from Rs 79.13 to Rs 79.47 per litre. The increase in petrol rate in Chennai was more than the average hike of 33 paise in other metro cities of India, which makes its weekly hike more than Rs 2 per litre.

Crude oil prices internationally and falling rupee has also impacted the fuel price rise in India. Brent oil, the international benchmark was trading at a little above $79 per barrel today.

However, petrol is sold by the same oil marketer at different rates in various states due to the imposition of state-specific taxes. Apart from fuel processing charges and central excise duty, VAT (Value Added Tax) imposed by the Tamil Nadu government along with pollution cess and surcharge is also included in the petrol price in Chennai.

Petrol price in Chennai up 7 paise

Petrol price in Chennai was up 7 paise on March 22, as compared to rates seen on march 21. The rise was largely after crude prices in the global markets rallied. Crude pil prices gained marginally in the global markets on a drawdown in US stocks. Some gains were also seen for the commodity after the US fed hiked interest rates and felt there were another 2 hikes likely in this year. 

This led to some pressure on the dollar, which also pushed fuel prices higher. In Chennai, the Shell Petrol prices also rallied in line with the petrol hike by the largest retailer Indian oil. 

Petrol and diesel are largely sold through major outlets of Hindustan Petroleum, Bharat Petroleum and Indian Oil. It is likely that we will continue to see some uptick in petrol prices in Chennai, if the global trend supports. In the last few weeks the fuel has not seen any major movement in most of the cities. 

Petrol prices in Chennai at Rs 74.86

Todays petrol prices in Chennai have remained stble when compared to the previous day. On Monday, we saw a marginal dip in petrol rates by 1 paise, when compared to Sunday. In fact, over the last 10 days we have seen a decent fall in the price of petrol from level of Rs 75.12 seen on March 9 to Rs 74.86 on March 19. 

This is good news for those looking to fill their tanks completely. The large part of the fall has come on account of a drop in crude prices. In fact, we have seen Brent Crude itself fall, which may have dragged down the prices of petrol in Chennai today. 

However, the rupee against the dollar and softening of the currency has helped to support prices of the precious metal in the last few days. We expect price of petrol to harden in the next few days, as crude prices fall. One hopes that there maybe further decline in prices in the coming days.  

Petrol price in Chennai falls by 9 paise

It was good for those looking to enjoy the weekend as petrol prices in Chennai saw a dip and fell by as much as 9 paise. Todays prices of petrol in Chennai at the petrol pump was Rs 74.95, when compared to Rs 75.15, that was seen on March 15 2018.

The trend of falling rates may continue as globally we have seen prices of the commodity reduce. There has been some reaction that has been happening in the last few days.

Another reason why petrol prices in Chennai today are lower is also because of the international factor. There has been some fall in Brent Crude and WTI Crude, which also led to the India crude basket falling. This has promoted rates to see a nice decline across various cities including rates in other cities of Tamil Nadu.

Petrol Rates in Chennai

Two-wheeler are the largest consumers of petrol in India and they consume 61.42 per cent of the country's total petrol sales.
Petrol consumption by two-wheeler exceeds 60 per cent of total sales in Chennai. Chennai is third largest two-wheeler using city in India
The petrol price has always changed frequently in Chennai. These has recently happened due to Goods & Services Tax Law (GST) The price of crude oil and refined product have grown, and therefore fuel prices have increased. The cost of crude oil and refined product are grown by number of factors, such as rising oil demand, limits in refining capacity, seasonal demand for product and extreme weather The price of fuel at the retail station covers the product cost, central government excise and taxes, State government taxes and operating rates and margin.
According to fuel market in Chennai from last July 24, 2017 to July 27, 2017, the petrol price in Chennai has moved higher to Rs 67.07 per litre.
The current Petrol price in Chennai is 67.18 per litre.

Petrol prices in Chennai stay steady

Petrol prices barely changed on July 27, as international crude prices were steady. Prices in Chennai were last seen at 67.01. In fact, petrol prices in Chennai have been rising since July 17 from 66.67 and crossing Rs 67. The reason for this sudden jump is international global prices, which have rallied in the last few days. It is largely expected that petrol prices in the city of Chennai may continue to move higher. The rupee on which petrol rates also depends was largely stable and it is expected to remain so, in the next few days.


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