Petrol prices in Hyderabad 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 Hyderabad ₹ 86.18 (4th 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 Hyderabad 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 3, 2020||₹ 85.97||₹ 0.17|
|Dec 2, 2020||₹ 85.80||₹ 0.16|
|Dec 1, 2020||₹ 85.64||₹ 0.00|
|Nov 30, 2020||₹ 85.64||₹ 0.00|
|Nov 29, 2020||₹ 85.64||₹ 0.22|
|Nov 28, 2020||₹ 85.42||₹ 0.25|
|Nov 27, 2020||₹ 85.17||₹ 0.19|
|Nov 26, 2020||₹ 84.98||₹ 0.12|
|Nov 25, 2020||₹ 84.86||₹ 0.00|
|Nov 24, 2020||₹ 84.86||₹ 0.06|
|Highest rate in December||Rs.86.18 on December 4th|
|Lowest Rate in December||Rs.85.64 on December 1st|
|Over all performance||Rising|
|Highest rate in November||Rs.85.64 on November 29th|
|Lowest Rate in November||Rs.84.25 on November 1st|
|Over all performance||Rising|
|Highest rate in October||Rs.84.25 on October 1st|
|Lowest Rate in October||Rs.84.25 on October 1st|
|Over all performance||No Change|
|Highest rate in September||Rs.85.30 on September 1st|
|Lowest Rate in September||Rs.84.25 on September 22nd|
|Over all performance||Falling|
|Highest rate in August||Rs.85.25 on August 30th|
|Lowest Rate in August||Rs.83.66 on August 1st|
|Over all performance||Rising|
|Highest rate in July||Rs.83.49 on July 1st|
|Lowest Rate in July||Rs.83.49 on July 1st|
|Over all performance||No Change|
|Highest rate in June||Rs.83.49 on June 29th|
|Lowest Rate in June||Rs.73.97 on June 1st|
|Over all performance||Rising|
Now you can check the daily prices of petrol in Hyderabad given the fact that prices have changed for the very first time on a daily basis on June 15, 2017.
The good thing for Hyderabadis is that they may not have to worry about sudden changes given that a daily change in petrol price would see small variations, as compared to the earlier 15 days, where there was a huge escalation in the costs of changes that one saw. Petrol prices and diesel, both draw their prices from the international markets. In the global markets we have not seen too much of a change in crude prices, though much of the output would largely depend on global factors.
Hyderabad is one of the major metropolitan city with many individuals travelling with the enormous benefits of the IT sector.
In the recent past fuel usage in Hyderabad has risen, making it an important resource for every travelling citizen of Hyderabad. Petrol Price of Hyderabad was updated every 15 days or two weeks before 16 June 2017, modifying the rate on the 1st and 16th of each month. The pricing method was dependent on both the international market's 15-day average price of crude oil and the currency exchange rate between Rupee and Dollar. But currently India is moving with new 'Dynamic Fuel Pricing' pricing mechanism across all the cities and states including Hyderabad. By considering this mechanism the Hyderabad petrol price is updated regularly by taking into account the 14-day average crude oil price and the exchange value of rupee-dollar. The Oil Marketing Companies (OMCs) like Indian Oil Corporation Ltd. (IOCL), Bharat Petroleum Ltd. (BPCL) and Hindustan Petroleum Corporation Ltd. (HPCL) set the petrol price of Hyderabad everyday at 6:00 am IST.
The key factors that influence Hyderabad's petrol price are the global price of crude oil and the currency value of the rupee against the US dollar. But there are other factors that define a city's retail price of petrol. These include import costs, entrance duty, refining costs, the margin and logistics for oil producers. The Center charges excise duties in addition to these operating expenses, while the relevant state government levies state sales tax or Value Added Tax (VAT). Typically, these charges are fixed and not volatile like the price of crude oil or the currency value of rupee-dollars. Let’s examine the reasons for varying crude oil prices.
Demand and supply of crude oil: Currently the international market demand for crude oil is fairly constant; but, due to many reasons, it varies. The Organization of Petroleum Exporting Countries (OPEC) are the leading crude oil producers on the sector, therefore affecting oil prices. OPEC's initiatives are affected by any economic changes, so any demand on each of the countries involved is expected to restrict the supply, leading to a spike in crude oil prices and conversely.
Geopolitical tensions: In evaluating the oil price in the market, geopolitics occupies a significant factor. Conflicts in oil-producing or oil-exporting countries also result in rising oil prices, influenced by supply shortages. The spike in oil prices is often caused by incidents such as war, natural disasters, and political chaos.
Future supply of oil and reserves: In the event of oil prices dropping due to many causes, the major oil-producing nations stockpile crude oil to keep their economies secure. To keep oil prices stable, these countries store their inventories and then allocate the production across the economy.
Petrol rates in Hyderabad are updated on a regular basis with effect from 16 June 2017 with the implementation of dynamic fuel pricing or daily price revision. Until dynamic pricing, the city's petrol prices were updated every fortnight, i.e. on the 1st and 16th of each month. And nowadays fuel consumers of Hyderabad are surrounded with the regular price revision on a daily basis. The revised price of fuel will be shown across all the fuel stations of the city. As per the latest guidelines, the updated fuel price will be changed by 6 a.m. every morning for all fuel pumps. Although automated centrally-connected fuel stations will have an auto-update of petrol price whereas non-automated stations have to render it manually by retrieving the same price from the websites of the oil company in Hyderabad. Customers can install the particular oil companies' mobile apps such as the state-owned Indian Oil, Hindustan Petroleum, Bharat Petroleum and private-owned Shell and Essar to locate the modified petrol price on a daily basis.
After it was launched on June 17, the idea of so-called "dynamic fuel pricing" has been popular. In line with the dollar exchange rate with Indian Rupee and international crude oil, fuel prices tend to be changed on a regular basis. This price adjustment is conducted every day (Indian Standard Time) at 6.00 AM. Therefore, verifying the fuel prices is often necessary prior to filling your tank. Since Hyderabad was involved, all petrol stations implemented the dynamic fuel pricing system across the city from June 17. The major concern of this system is to introduce fuel price regulation so that federal agencies are unable to leverage or pressure the OMCs (Oil Marketing Companies) since Dynamic Fuel Pricing has been introduced throughout the country. Hence, the updated rate due to the fluctuations in crude oil rates and the INR – USD exchange rate can be efficiently provided to customers even fuel station dealers can comfortably manage their commission and resources by following the latest mechanism.
Due to the introduction of Dynamic Fuel Pricing, the petrol price is constantly changed across all regions of the country, including Hyderabad. And hence to find the correct petrol price for the fuel consumers of Hyderabad is quite difficult. OMCs have developed many mechanisms to track the price of a litre of petrol through mobile apps, SMS services and through the official websites of oil companies of India. The following process will help you to verify the right and accurate price of Hyderabad.
Through mobile apps of the oil companies- OMCs have initiated mobile apps that offer the current fuel cost of an area. The 'Fuel@IOC' app can be downloaded and accessed by Indian Oil customers, while Bharat Petroleum customers can use the 'SmartDrive' app and Hindustan Petroleum's fuel consumers can use the 'MY HPCL' app to track the correct petrol price of Hyderabad.
Through SMS- The method below will enable you to have the current petrol price of Hyderabad through 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
Through toll-free numbers- By calling on the below given toll-free numbers you can find the correct petrol price of Hyderabad
Indian Oil- 9224992249
Through website- To find the accurate petrol price of Hyderabad you can visit the official website of Indian Oil, Bharat Petroleum and Hindustan Petroleum. But apart from this Goodreturns is also allows you to find the correct petrol rates of all the cities in India including Hyderabad.
Petrol and diesel prices tend to change on a regular basis and it is believed that it is a challenge to find the right fuel price as the key question in the consumers’ mind is that how and where we can get the transparent petrol price of Hyderabad or any other city. And anyway, in order to keep abreast with the city's daily petrol and diesel costs, several oil and gas firms such as Indian Oil, Bharat Petroleum and Hindustan Petroleum have obtained different methods such as SMS, smartphone applications and customer care service. Fuel customers can download the smartphone applications of India's oil firms which is free to install and access on the Google Play Store and the App Store. Fuel buyers around the country can conveniently monitor the current price pattern of petrol right from their ease by using the smartphone apps of OMCs. The Dynamic Fuel Pricing System, which was launched on June 17 for daily petrol price adjustments across the country, is currently being adopted by all the metropolitan areas of the nation, including Hyderabad. Therefore, before going to your office or fuelling your vehicle, it is advised to check Hyderabad's recent petrol price regularly which will help you stay updated with the market dynamics of petrol. Fuel rates vary across states, due to state taxes and other factors. Smartphone applications, nevertheless, enable fuel customers to check the transparent fuel prices on their go. In addition, current fuel prices can also be accessed via SMS services or by accessing the site of a particular oil company as stated above. Below are the smartphone apps that allow you to track the actual and transparent petrol price of Hyderabad from your fingertips.
The Fuel@IOC-Indian Oil mobile app helps Indian oil fuel customers to monitor Hyderabad's fuel prices conveniently. Indian oil fuel consumers can quickly pick the appropriate price of petrol and diesel from the comfort of their office or residence via this app. This software is compatible with permissions from both IOS and Android users. The Fuel@IOC-Indian Oil app can be downloaded by Android users from the Google Play Store, and IOS fans can access it from the App Store without any charges. Indian Oil's mobile app helps consumers to validate existing fuel rates on a 24x7 basis. It is recommended to check Hyderabad's current petrol price before filling your vehicle, as this approach would help you stay tuned to the volatility in petrol prices on a regular basis.
The Fuel@IOC-Indian Oil app is the perfect assistance to keep up to date with the city's modified petrol price anywhere anytime. Open your palm to snatch this user-friendly app by installing the app from your mobile's default store with just a few taps to find the current fuel price pattern in Hyderabad. And apart from this mobile app category, if you are not a mobile owner, you can also record Hyderabad's current fuel price by checking Indian Oil's official page, calling the customer support service or using SMS facility provided by the Indian Oil Company.
The Indian oil companies have started to cut the prices of the petrol slightly on day to day basis from past three days.
Today the price of petrol in Hyderabad is down by 6 paise compared to its previous day’s price.
After 16 days of the continuous price hike, the cut in the price of fuel has brought in some respite amongst the Indian consumers who were otherwise bearing the wrath of expenses in the form of fuel purchase.
Today’s price of petrol per liter in Hyderabad stands at Rs 82.94.
Brent crude oil surged to record $80 per barrel in the month of May in the United States of America, which impacted on the prices of petrol in India as well as other countries which mainly depend on imports of oil from the U.S.
The hike in the rates of petrol further fueled inflation rates in the country.1 June 2018
The rates of petrol were cut by 7 paise a liter for the second day in a row amidst softening international oil prices.
Indian Oil announced cut in the price of petrol by 1 paise per liter yesterday which saw the beginning of the reduction in the prices of the fuel which witnessed a continuous rise in the prices for over 16 days in a row.
In spite of the cut in the price of petrol, the prices of the fuel are touching an all-time high of Rs 83.00 per liter in Hyderabad, which was previously never seen or heard off.
The rise in the prices of the petrol in the global market will have a direct effect on the prices of petrol in India since the country depends mostly on the 80% of oil imports.
The prices of the crude oil in the international market has eased slowly and the rates of WTI crude oil stands at $67.89 per barrel and Brent crude stands at $77.47 per barrel. The Brent Crude touched an all-time high of $80 per barrel in mid-May which spiraled the fuel prices across the globe.31 May 2018
The prices of petrol per liter are increasing continuously for more than a month now. The price of petrol in Hyderabad was recorded at Rs 82.45 per liter today. The prices are up by Re 0.38 paise than the previous price.
The surge in the prices of petrol is mainly attributed to the rise in the prices of crude oil in the international market which is having a concurrent effect even on the domestic prices of fuel in India.
During the month of November 2017, the prices of petrol were recorded at Rs 73.20 per liter. The prices have almost surged by 12.66% as compared to November’s price of petrol.
It is high time for the government to step in to tackle the prices of petrol by cutting down the customs duty on the petrol.25 May 2018
The prices of petrol in Hyderabad is surging and currently stands at Rs 81.75 per liter on May 23, which is up by Re 0.32 per liter from the previous day’s price. The global rise in the crude oil is having a negative impact on the prices of the petrol in the domestic market.
For the past four weeks in a row, the prices of petrol are rising to a new high on a day-to-day basis.
As per the new rule implemented in India starting from June 16, 2017, the prices of petrol and diesel are set to a revision on a daily basis -daily morning at 6 am. This is mainly done to sync in the domestic prices of the liquid fuel with the international prices which is beneficial for both the consumers as well as the government.
Any kind of positive or negative impact on the prices of crude oil in the international market will affect the prices of petrol and diesel in the domestic market.
The prices of petrol were recorded at Rs 73.20 per liter in November 2017.23 May 2018
Petrol prices in Hyderabad hit Rs 81.11, sending distress among individuals. This was the seventh straight day of gains for petrol rates in Hyderabad.
One may recall, the oil marketing companies had stopped raising interest rates, following the Karnataka elections. Petrol prices which were at Rs 79.04, has jumped by Rs 1.07 in the last seven days. It is likely we may see further escalation in rates, if the rupee falls more.
The government has hinted that it make look at solutions to cut petrol and diesel prices. However, one is not sure, what solutions the government may find. In fact, oil marketing companies may be forced, to absorb, a further increase in crude prices.
Analysts believe that crude at $80 per barrel, may also see some decline. If that happens, fuel prices in Hyderabad could fall over again. That would bring some respite for consumers.21 May 2018
Todays petrol price in Hyderabad showed an uptick of 2 paise at Rs 76.46 per litre. This was largely as we saw modest gains that were accorded for prices in the city. We have constantly been seeing a steady movement for petrol prices in Hyderabad, though it is a good idea to check fuel rates before filling your vehicle.
Brent crude has remained stable around the $66 mark, which means it has lent decent support to prices in the domestic market, including cities like Hyderabad. We are unlikely to see great movement in prices as oil supplies from the US have been adequate leading to flat rates across the globe.
In the last few days, we have seen a superb drop in the prices of petrol in Hyderabad of almost 20 paise. This is welcome relief given the fact that we now have the summer season fast approaching. Analysts largely anticipate the trend to continue to be flattish in the coming days.
20 March 2018
Petrol, diesel and natural gas are not under the tax of GST because it is the biggest source of revenue for the national as well as the state government. Since it is a basic necessity, and there are heavy taxes on the petrol and diesel. And a tax on the same will be charged by the respective states under the current state laws. Since only petroleum products have an exemption from the GST, GST will be priced on the rest of the goods sold by the petrol pumps, i.e., lubricants, distilled water. Over all the cost of the petrol pumps will increase after the introduction of GST, yet there will be no change in the price of petrol and diesel due to GST effect. So the current tax applied on petrol. There is no change in the petrol price due to GST. The growth of automobiles in the Hyderabad is increasing day by day and hence it is important to watch for petrol prices in Hyderabad which is 72.93 Rs/Ltr at the moment.28 August 2017