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Petrol Price in Jaipur (19th March 2024)

Today's petrol price in Jaipur is at Rs. 104.88 per litre, reflecting a slight decrease compared to yesterday's rate of Rs. 105.71. Over the past 10 days, fluctuations have been observed, with prices ranging between Rs. 108.48 and Rs. 104.88. You can also view today's petrol prices in other districts of Rajasthan and compare them with the rates from the previous day, which already include state taxes.

Mar 19, 2024
₹ 104.88 / Ltr ( ₹ -0.83 )

Last 10 Days Petrol Rate in Jaipur

Date Price Price Change
Mar 18, 2024 ₹ 105.71 0.83
Mar 17, 2024 ₹ 104.88 0.00
Mar 16, 2024 ₹ 104.88 0.00
Mar 15, 2024 ₹ 104.88 -3.95
Mar 14, 2024 ₹ 108.83 0.38
Mar 13, 2024 ₹ 108.45 -0.03
Mar 12, 2024 ₹ 108.48 0.00
Mar 11, 2024 ₹ 108.48 0.00
Mar 10, 2024 ₹ 108.48 0.00
Mar 9, 2024 ₹ 108.48 -0.35

Daily & Monthly Petrol Price in Jaipur : Graphical Representation

Historical Petrol Price in Jaipur

  • Petrol Rate in Jaipur, March 2024
  • Petrol Price
    1st March ₹ 108.48
    19th March ₹ 104.88
    Highest rate in March ₹ 108.83 ( March 8th )
    Lowest Rate in March ₹ 104.88 ( March 15th )
    Over all performance Falling
    % Change 3.32%

    Petrol Price Trend in Jaipur for March 2024

    - Petrol prices in Jaipur commenced the month at Rs 108.48 per litre.

    - The highest recorded rate stood at Rs 108.83, indicating 0.32% increase from the month's initial price.

    - The lowest recorded rate was Rs 104.88, a -3.32% decrease relative to the month's initial price.

    - The latest data indicates that the current price of petrol is Rs 105.71 per litre.

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

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

Petrol Price in Jaipur

This section addresses numerous factors related to petrol, bearing in mind consumers of petrol in Jaipur. Finding the existing petrol price in Jaipur is extremely significant, as it has varied daily since June 2017. Owing to volatile fuel pricing not just in Jaipur, the capital city of Rajasthan, fuel prices have increased in all regions of the country. Each day, all state-owned oil marketing firms will update the price of fuel at retail petrol outlets. They will deliver a new price to petrol customers in the town at 06:00 a.m. Petrol is the most essential part for transportation as we all know. Owing to the introduction of fuel-efficient petrol-based cars, availability for petrol in all India's cities, including Jaipur, has risen. A large majority of two-wheelers and four-wheelers dependent on petrol do not explicitly influence the fuel prices. In India, importing crude oil from other nations, mainly OPEC nations, is enough for more than 75 percent of the fuel requirement. Just 25 per cent of the demand for Indian fuel is achieved by local implementation.

Thus, developments in Jaipur's petrol prices will primarily depend on growth in the overseas sector. Oil marketing enterprises, namely Indian Oil Company Limited (OICL), Bharat Petroleum Company Limited (BPCL) and Hindustan Petroleum Company Limited (HPCL) is supporting the fuel consumers with the innovative mechanism of fuel pricing across all the petrol centres in Jaipur. Under this framework, fuel rates is updated in Jaipur based on changes in crude oil prices and the currency exchange rate between Rupees and Dollar. In other words, fuel consumers in Jaipur have been provided with a market-determined price of petrol. Any fluctuations are immediately expressed to them. This is a major advantage given to consumers by dynamic fuel pricing. It was launched in all Indian cities, in June 2017, including Jaipur.

How to routinely check the right petrol price of Jaipur? 

The present petrol modifications can be easily monitored via a SMS alert or a customer support service operated by state-owned oil firms namely Bharat Petroleum (BP), Hindustan Petroleum (HP), Indian Oil and Shell Oil. And apart from this, by accessing the portals of those oil firms, you can also check the latest fuel price of Jaipur. Following the methods below, the fuel customers of Jaipur can check for the current petrol rate of the city without compromising their own comfort. 

Check petrol price through mobile apps: Oil producers have declared their respective mobile applications for day-to-day updates of the latest fuel price for a particular city including Jaipur. IOC has launched the 'Fuel@IOC' app, the 'SmartDrive' app was launched by BPCL and the 'MY HPCL' app was released by HPCL to monitor Jaipur’s new petrol rate regularly. 

Check petrol price through SMS: You can also verify Jaipur's current petrol price by sending a Text message (SMS) as per the format given below.

IOC: SMS RSP dealer code and send it to 9224992249. 

HPCL: SMS HPPRICE dealer code and send it to 9222201122. 

BPCL: SMS RSP dealer code and send it to 9223112222.

Check petrol price through website: In contrast, fuel consumers can visit the relevant OMC online platforms to search the latest petrol price of Jaipur Moreover, customers should also visit Goodreturns.in on a regular basis in order to find the current and accurate petrol price of Jaipur. 

What do you mean by Dynamic Fuel Pricing? 

In India, dynamic fuel pricing was enforced to minimise the political influence on fuel pricing, maintain 100 percent reliability of fuel prices, align petrol consumers with market trends, fast pass ups and downs in the price of international crude oil to end users, lessen the cash flow burden of dealers and oil marketing companies, and encourage private entities in the fuel retail industry.

The petrol price of Jaipur was revised every fortnight before dynamic fuel pricing. But after the introduction of dynamic fuel pricing mechanism on June 2017 the petrol price is updated on a regular basis at 6 a.m across the city. And hence, all oil companies will also display the adjusted price across their respective filling stations, smartphone apps, and designated sites in India. With regard to this automated central filling station, the price will be changed automatically and the new price will have to be revised manually by non-automated fuel bunks by retrieving the price from the registered site of the specific oil company. The city's fuel consumers can simply download the smartphone application of particular oil companies, such as state-owned Indian Oil, Hindustan Petroleum, Bharat Petroleum, and private-owned Shell and Essar, without any concealed charges. In addition, consumers can also use the esteemed oil companies' SMS service and toll-free numbers to record the modified petrol price of Jaipur. You can also access our site i.e. Goodreturns.in to review the current and updated petrol and diesel rates of your city.  

Advantages of Dynamic Fuel Pricing For OMCs

Oil marketing firms, including Indian Oil Company Limited, Bharat Petroleum Company Limited (BPCL) and Hindustan Petroleum Company Limited (HPCL), will offer new fuel prices to their customers at all fuel centres in Jaipur. The modification of fuel rates in Jaipur will be carried out under this system on the basis of fluctuations in crude oil prices and the exchange rate. In other terms, market-determined petrol prices are given to fuel consumers in Jaipur. Any highs and lows would inevitably be conveyed to them. This is a big advantage offered to customer through dynamic fuel pricing. It was launched in all Indian cities, including in June 2017 in Jaipur. Before that, on the 1st and 16th of every month, oil marketing companies (OMCs) used to monitor fuel prices.

The recently introduced fuel revision framework provides OMCs with several benefits. We mention the big ones here. Before the regular revision method (dynamic fuel pricing), handling resources was a big challenge for OMCs. Neither OMCs nor customers have expressed questions about supplies since June 2017. Under this method, OMCs can reduce the manpower needed to operate the firm. As a consequence, they can reduce operating costs. In addition, the regular revision process helps OMCs to efficiently track the capital required to perform day-to-day operations (working capital) and capital structure. They can maintain a fully open fuel analysis and pricing.  

Alternatives for monitoring the current price of petrol in Jaipur

This is an essential part that addresses available solutions for accessing the current cost of petrol in Jaipur. A plurality of petrol customers currently use smartphone apps that are conceived by all OMCs. It is easy to download and use smartphone apps. They provide consumers with considerable benefits. Using these applications, details regarding two-wheeler and four-wheeler insurance can also be identified. All mobile-run devices enable them to be accessed. Hindustan Petroleum's mobile application is 'My HPCL,' Bharat Petroleum's mobile application is 'SmartDrive,' and Indian Oil's mobile application is Fuel@IOC. You can consider using SMS services if you don't use smartphones. For more info, just visit some BPCL or IOL or HPCL websites. This is how you can get the price of petrol today in Jaipur.

Aspects of petrol price in Jaipur

There is a big role that crude oil has to perform. Fuel prices in India are directly influenced by supply trends and political movements in oil-exporting economies. If oil-exporting countries declare a reduction in demand, crude oil prices are likely to rise. Similarly, there is an effect on some fluctuations in the USD / INR conversion ratio. The exchange rate is dependent on many factors, such as India's and the United States' import and export system, bank interest rates paid in both countries and inflation rates in India and the United States.

The RBI manages the exchange rate on an everyday basis.   

Why are Jaipur's petrol prices fluctuating on a daily basis?

Previously, petrol prices in India were centralised and changed every two weeks. However, because of the country's volatile political situation, petrol prices fluctuate on a daily basis. State governments levy taxes, which are factored into the calculation of gasoline prices. This is why petrol prices in India vary from city to city. In the case of Jaipur, the increase in state tax has impacted the price of gasoline. Another reason for the increase in gasoline prices is the changing face of crude oil in global markets, as well as currency movement. The other reason for the increase in petrol prices is the changing face of crude oil in the global markets and also the movement of the currency. When the rupee falls, import prices for crude oil soar. During these times, petrol prices are high.  

Petrol Price in Jaipur surges

The skyrocketing petrol prices in Jaipur this year have taken everyone by surprise. It is a result of a complex mix of factors such as the unpredictable fluctuations in international crude oil rates, the government's tinkering with taxes and duties, and the constantly shifting currency exchange rates. Unfortunately, the combined effect of these factors has led to petrol prices reaching an all-time high, causing significant financial strain for the average person in Jaipur. With no signs of prices stabilizing anytime soon, the burden on the common man's pocket is becoming increasingly unbearable.

The unprecedented surge in petrol prices in Jaipur this year is a result of various factors. Analysts point out that the fluctuations in international crude oil rates have had a major influence on the price rise. Additionally, alterations in the taxes and duties imposed by the government have also contributed to the higher cost.

Moreover, the constantly changing currency exchange rates have impacted the prices of petroleum products in the city. As a result of these combined effects, petrol has become more expensive than ever before, creating a burden for the common man who now has to bear the increased expenses.

Although the government has made efforts to mitigate the situation by tweaking the taxes and duties, the measures have not successfully translated into noticeable relief for the public. The common man continues to bear the burden of the petrol price increase, drawing much dissent and public outcry. Protests and demands for government intervention to stabilize the petrol prices have become increasingly frequent.

In conclusion, the surge in petrol prices in Jaipur this year has taken a significant toll on the city's residents. It has not only strained individual finances but also affected the overall local economy. Despite the government's attempts to alleviate the situation, the public is still awaiting substantial relief. The occurrence underscores the heightened need for alternative, sustainable modes of transportation and effective policy interventions to buffer against such issues in the future.

Latest Updates on Petrol Price in Jaipur

Petrol Prices Firm in Jaipur

The petrol prices are firm in Jaipur despite a marginal fall in the global crude rates. The petrol rates in Jaipur traded at Rs 108.44 per litre.

In the global scenario, Brent stood at $85.62 per barrel, down by 0.89% and West Texas Intermediate (WTI) at $78.89 per barrel, down by 1.04%.

The crude prices which were witnessing positive growth last week kickstarted the week with a marginal drop in the rates. The drop in fuel demand has added concerns to the existing issues, which the oil markets are currently facing.

An analyst from OANDA notes that the crude prices are softening as energy traders are forecasting a potentially weak fuel demand in the coming days and this might force the Fed to tighten the policy stance much more aggressively.

The resumption of Azerbaijani oil exports at Turkey’s Ceyhan amidst the devastating earthquake which completely shook Turkey has relieved supply concerns.

Turkey and Syria witnessed strong earthquakes last week, leading to the damage of oil terminals. Ceyhan, Turkey’s city is the storage and loading point for pipelines which carry oil from Azerbaijan and Iraq.

Last week, Russia announced its plans to trim down crude production in retaliation against western curbs on its oil imports which were imposed in response to Moscow's invasion of Ukraine.

13 February 2023

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