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Petrol Price in Kolkata (19th August 2022)

Petrol prices in Kolkata 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 Kolkata ₹ 106.03 (19th August 2022), 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 Kolkata 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.

Aug 19, 2022
₹ 106.03 /Ltr

Last 10 Days Petrol Rate in Kolkata

Date Price Price Change
Aug 18, 2022 ₹ 106.03 ₹ 0.00
Aug 17, 2022 ₹ 106.03 ₹ 0.00
Aug 16, 2022 ₹ 106.03 ₹ 0.00
Aug 15, 2022 ₹ 106.03 ₹ 0.00
Aug 14, 2022 ₹ 106.03 ₹ 0.00
Aug 13, 2022 ₹ 106.03 ₹ 0.00
Aug 12, 2022 ₹ 106.03 ₹ 0.00
Aug 11, 2022 ₹ 106.03 ₹ 0.00
Aug 10, 2022 ₹ 106.03 ₹ 0.00
Aug 9, 2022 ₹ 106.03 ₹ 0.00

Daily & Monthly Petrol Price in Kolkata : Graphical Representation

Historical Petrol Price in Kolkata

  • Trend of Petrol Rate in Kolkata, August 2022
  • Petrol Price
    1st August ₹ 106.03
    19th August ₹ 106.03
    Highest rate in August ₹ 106.03 ( August 1st )
    Lowest Rate in August ₹ 106.03 ( August 1st )
    Over all performance No Change
    % Change 0%
  • Trend of Petrol Rate in Kolkata, July 2022
  • Trend of Petrol Rate in Kolkata, June 2022
  • Trend of Petrol Rate in Kolkata, May 2022
  • Trend of Petrol Rate in Kolkata, April 2022
  • Trend of Petrol Rate in Kolkata, March 2022
  • Trend of Petrol Rate in Kolkata, February 2022

Petrol prices in the city of Kolkata will change every day. The new revision which began from June 15, should provide some respite against any sharp increase in prices. To check daily prices of petrol in Kolkata you can visit goodreturns.in

The one reason why petrol prices in Kolkata will change every day is because of international prices of crude. When crude oil in the foreign markets gain momentum, it makes way for domestic firms to see higher prices. It is unlikely that crude oil prices would fall in a hurry. In fact, crude oil prices may now fall well below the $40 mark. In Kolkata petrol prices is now around the Rs.83 mark and if oil falls below $40 it will allow for further reduction in prices in Kolkata. How petrol prices in Kolkata today also depend on the movement of the rupee against the dollar. When the rupee gains it makes petrol price much cheaper.

Petrol price slightly higher in kolkata

The main reason for petrol prices in Kolkata to be higher for the last few days is because the cost of crude oil has slightly risen in the international markets.

This is because due to tightening in the supply of crude oil especially in the US.Petrol prices. In India there are two components for fuel prices, one is due to global crude oil prices, and one is due to taxes by the Indian government. Coming to Kolkata, petrol consumption has increased up to six percent in 2017. These are due to the automobile industries expanding their products with maximum benefits rates to customers with more EMI schemes and with attractive offers on two-wheeler and four wheeler. These are the reasons for a steady rise in petrol price in Kolkata and a massive increase in automobiles.

How prices of petrol vary daily in Kolkata?

There are many factors that influence the prices of petrol in Kolkata. One of these is the dollar movement against a basket of currencies and the other is the India crude basket. The latter is linked to international prices and when global prices are up, this gets reflected in Kolkata petrol prices. Thus, today's petrol prices depends on currency movement and also the international crude prices. 

Prices of Petrol Stable in Kolkata

Petrol prices increased a little in Kolkata as compared to yesterday. Top Indian Oil companies have developed numerous methods to monitor daily oil prices at 6 a.m every morning.

Buyers can go through SMS facility, official websites and mobile apps of oil companies and toll-free numbers of oil companies to check the petrol prices on a daily basis.

To know the current petrol price through SMS buyers can type RSPDEALER CODE, and send to 9224992249.
To know the current petrol price through toll-free numbers, buyers can make a call to the Indian Oil- 1800 233 3555, Bharat Petroleum- 1800 22 4344, Hindustan Petroleum- 1800 233 3555.

The latest petrol price is also available on the company's website and mobile app, buyers can go through the same to track the latest petrol price

Yesterday the Petrol Price of Kolkata is a bit higher than today, which is a slight change in the price or paise. 

How can I find the latest petrol price of Kolkata?

You can check the latest and current price of Kolkata by following our website or by using the smartphone applications offered by Indian Oil, Hindustan Petroleum, Bharat Petroleum and Shell Oil. The revised price shall be provided accessible to fuel users once the fuel price is updated at 06:00 a.m. 

Can petrol price in Kolkata fall?

As with every other place in this country and beyond, the petrol price in Kolkata is directly associated with that of the international price of crude oil. Thus, since in the recent days there has been a sudden rise in the price of petrol in the foreign market, Kolkata has also been impacted by the same. As of now international economists predict that there will be no fall in the price of petrol in the near future.

At the moment, the price of petrol in Kolkata is same as mentioned on the above table per litre. If, due to some reason, the international oil price does fall to below $40, the price in Kolkata is likely to reduce drastically. 

Another possible scenario where the price of petrol in Kolkata can fall is if the value of the rupee gains against that of the dollar. Such a thing is another occurance in the global scene that will have direct implication on the petrol prices in Kolkata. At this point it is to be noted that the petrol prices in Kolkata may slightly vary from that of other areas of West Bengal (like Darjeeling, Howrah or Durgapur). Let us, on an optimistic note, hope the current petrol price in Kolkata does come down in the near future as we have logically seen that the petrol prices can actually come down.

How to predict petrol prices in Kolkata?

An accurate forecast of petrol prices in any city for that matter is impossible to arrive at. As crude prices in the international market, rupee-dollar currency exchange rate, demand and supply factor, logistics, taxes levied by state governments and several other factors are taken into consideration before arriving at the final price of per litre of petrol in Kolkata. A costlier crude price in the overseas markets will shoot up the prices of petrol in India as the country relies on exports for oil to meet its domestic requirements. A week rupee value will also make the fuel prices expensive.

Properties of flexible fuel prices in Kolkata

  • All the fuel customers wanted to know why the fuel prices keeps changing over time to time. It is because of the central excise duty and cost of raw oil, which is correlated with the global supplies / reserves and the exchange rate of currencies. If crude oil is currently in short supply, the cost of oil purchases would rise. If the oil supply is on a consistent with global requirements, then the oil purchasing cost would be low or moderate. 
  • The petrol price adjustment must be finished at 06:00 a.m. every day in West Bengal, by both automatic and non-automated petrol bunks. Automated fuel stations can adjust the fuel prices automatically, however non-automated petrol stations can do so manually.
  • Current oil refining firms' reserves and existing liabilities must be efficiently managed. The oil marketing firms should also handle cash inflows and capital outflows adequately.

Properties of Dynamic Fuel Pricing

  • Fuel price adjustment should be performed at 06:00 a.m. e very day in West Bengal, through all automatic and non-automated fuel bunkers. Automated petrol stations can adjust the fuel prices automatically, while non-automated petrol pumps can do this manually.
  • The oil refining firms' existing assets and existing liabilities can be efficiently managed. The oil refining firms can also optimally handle capital inflows and cash outflows.
  • India's fuel retail market may be interrelated with the global fuel retailing industry.

Why do petrol price in Kolkata is high?

Earlier, the country's fuel prices were regulated and modified per fortnight. Thanks to the Dynamic fuel pricing mechanism which was implemented on June 17 to update the petrol price across India on a regular basis. Due to a multitude of changes in the political situation in the country, and because of that, prices are changing every day. As we are all well-informed, India's oil prices are something that both the central government and the state government levy their taxes on. This is in reality the explanation for the increasing difference of petrol prices of various parts of the country. There has been a rise in the state tax in the case of Kolkata and this has subsequently affected the price of petrol in the city. Of course, one of the factors behind the drastic increase in Kolkata’s petrol prices is the influence of the global stage. The rise in the global price of crude oil was meant to have an effect on the price of petrol in Kolkata as well as other cities of India. Including experts expecting those prices to increase in the months ahead, we only can assume that Kolkata may bear the consequences of all of this. One other reason is that depending on the difficulty involved in refining crude into its appropriate components, the price of the end product can differ. Take Diesel, compared to petrol, it's heavier, less volatile, and quicker to refine. As a result, in most countries across the world, diesel continues to be marginally cheaper than petrol. In India, we see this same pattern. However, because of the lopsided tax system, diesel rates trade at much stepper price across the country. In comparison to petrol, which is mainly used in private vehicles, consumers use diesel in factories, farms, motors, automobiles, etc. Therefore, the government doesn't tax diesel at all. And diesel has generally been more affordable as a result.  

How to check the current petrol price in West Bengal?

You get a different price for petrol per day. Using the mobile apps operated by Indian Oil, Hindustan Petroleum, Bharat Petroleum and Shell Oil, you can get the latest petrol price of West Bengal every day. Or, to get today's petrol price in West Bengal, you can send an SMS request or interact directly with customer service representatives. The revised rate shall be made applicable to fuel customers once the fuel price is updated at 06:00 a.m. 

Important factors affecting petrol price in West Bengal

An exchange rate vs. any other currency gives you the value of a currency. The INR / USD exchange rate provides the value of the INR, the Indian currency, against the US Dollar, the U.S. currency. These currencies are traded on the Forex Exchange market by the currency traders. The price of crude oil increases if the INR / USD exchange rate slips. If the exchange rate of the USD / INR increases, the price of petrol in West Bengal falls. Other factor influencing petrol prices in West Bengal is crude oil rates, which are affected by global trends such as significant political trends, oil demand in oil-producing countries, and others. Any changes in crude oil prices would directly impact West Bengal's petrol price. Similarly, the petrol price would be influenced by the ups and downs in central and state taxation. 

What are the components that influence the daily modification of petrol rates in Kolkata?

The various components that affect the retail price of petrol in Kolkata are mentioned below. 

Price of crude oil- Crude oil is purchased by Indian oil traders from multinational oil trading firms. Since it is transacted on international markets, the price must be paid in the USD, which is the normal financial foreign currency. To obtain diesel, crude oil is then processed and refined. The fuel oil is transported and refined to produce diesel. The price of crude oil, also known as the Refinery Transfer Price (RTP), is subject to price and freight costs and refining fees. This is the fee paid by OMCs (Oil Marketing Companies), such as IOCL, BPCL & HPCL, to the refineries. OMCs hold some margin and then allocate it to the dealer of the fuel bunker.

Applicable tax- In nature, the Central Excise Duty (imposed by the central government) and the VAT (Value Added Tax) are 2 distinct taxes. The costs charged to the distributor / owner of the petrol station are compensated by these taxes. And the dealers' commission is introduced to the price after the imposition of the Central Excise and VAT, which differs from state to state. 

Retail Selling Price (RSP)- Considering a number of considerations, the retail selling price (RSP) is defined. The Indian Basket Crude Oil average price is determined every fortnight. This per barrel cost is in dollars. Also, the value of Indian rupees depends on the average conversion rate of the fortnight.

Install These Mobile Apps To Check The Latest Petrol Price Of Kolkata

Petrol and diesel prices keeps shifting on a daily basis and it is assumed that discovering the adequate fuel price is a hurdle as the primary issue in consumers' opinions is where to get the accurate fuel price of Kolkata. Anyway, multiple oil and gas companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum have resulted in various approaches for fuel customers such as SMS, Smartphone Applications and Customer Service to keep up to date with petrol and diesel rates of Kolkata as well as every city of the country. Fuel users can download those smartphone applications from the default app store of their smartphone brand. And this will allow Indian fuel consumers to monitor the ideal oil and diesel prices efficiently. From June 2017, all large metropolitan cities such as Hyderabad, Pune, Chandigarh, Bangalore etc, are following the Dynamic Fuel Pricing system. The fuel prices differ across regions, due to state taxes and other influences. However, smartphone apps allow fuel customers to track fuel prices on-the-go, and current fuel rates can also be obtained through SMS services or by visiting a specific oil provider's portal as mentioned above. Below are the mobile apps that allow you to stay updated with the current fuel price of Kolkata from your shelter on a daily basis. 

Fuel@IOC – IndianOil

The Fuel@IOC-Indian Oil mobile app enables Indian oil fuel customers to conveniently search the transparent petrol price of Kolkata or any other city of India. This app allows every Indian Oil consumers to check the revised petrol rates of any city without compromising their comfort. IOS mobile owners can open the App Store to download the app, and by opening the Google Play Store, Android mobile owners can install and run the Fuel@IOC-Indian Oil mobile app to track the correct petrol rate of Kolkata. Indian Oil's smartphone app lets users check for the fresh fuel prices anytime anywhere. Due to the mechanism of Dynamic Fuel Pricing petrol rates keeps changing every day and it is important for you to check the latest fuel rates of your city before fuelling your vehicle fully. And by considering this, the Fuel@IOC-Indian Oil app is your perfect match to stay informed on the go with the latest petrol price of Kolkata or any other city. 

So you can now search Kolkata's current petrol price by using your cell phone before going to your office, which means that convenience and transparent petrol price of your city is just in your fingertips. To consider the latest fuel price pattern in Kolkata with convenience install the Fuel@IOC – IndianOil app and stay tuned with market dynamics of petrol pricing. You can visit the official website of Indian Oil to check the current petrol price of Kolkata in case you are not a smartphone user. Without sacrificing your convenience, you can easily monitor the current price of petrol in Kolkata by using the Fuel@IOC-Indian Oil mobile app or by accessing the authorized web portal of Indian Oil.   

Petrol Prices Stagnant in Kolkata

The petrol prices are stagnant in Kolkata despite a rally in the crude rates in the overseas markets amidst a stop in the gas supply by Russia to the European Union states.

The petrol rates in Kolkata were seen at Rs 115.12 per litre.

In the international scenario, Brent stood at $106.20 per barrel, up by 3.64% and West Texas Intermediate (WTI) at $103.70 per barrel, up by 3.99%.

Both the crude benchmarks are up by over 3% during Wednesday’s trade session, as Russia’s gas supply to Europe declined and the European Union (EU) worked on gaining support for a ban on Russia’s oil embargo.

Today, Russia’s gas flows to Europe through Ukraine declined by a quarter after Kyiv halted the use of a major transitway blaming interference by occupying Russia’s military forces for the first-time exports through Ukraine have been disrupted since Moscow’s invasion into Ukraine.

The European Union, the world’s largest trading block has proposed an embargo on Russia’s crude imports which analysts note will further tighten the supply market and shift trade flows.

The rising pandemic cases in China led to the imposition of strict lock-downs halting the manufacturing, and production process, weighing heavily on the economic growth of the dragon country. China is the largest consumer of oil globally.

11 May 2022
Petrol Prices Trades Flat in Kolkata

The petrol prices traded flat in Kolkata despite a surge in the fuel prices in the overseas markets as the OPEC+ group sticks to modest output exploration despite a price rally. The petrol rates in Kolkata were seen at Rs 115.12 per litre.

In the international markets, Brent was trading at $112.40 per barrel; up by 1.34% and West Texas Intermediate (WTI) at $109.8 per barrel, up by 1.39%.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed this week to hike the output for a month, arguing that the group could not be blamed for the disruptions to Russia’s supply and lock-downs in China which have ultimately threatened the outlook for fuel demand.

The group has ignored calls from the Western nations for intensifying output hikes. The oil producers club have agreed to raise its June production output target by 432,000 barrels per day, in line with its previous plan to unwind the coronavirus led curbs formed in fiscal 2020.

The European Union’s President plans to phase out Moscow’s crude imports in six months and refined products by the end of this year. The group is also set to ban all the insurance and shipping services for transporting Moscow’s crude.

In March 2022, the oil prices touched their highest point for the first time since 2008 at over $139 per barrel after Russia's invasion of Ukraine exacerbated supply concerns which were already fueling a surge. The crude benchmark – Brent traded at over $111 per barrel.

7 May 2022
Petrol Prices Stable in Kolkata

The petrol prices are stable in Kolkata despite a surge in the global fuel prices amidst a possible ban on Russia's crude imports by the European Union. The petrol rates in Kolkata were trading at Rs 115.12 per litre.

In the international scenario, Brent was seen at $108.7 per barrel, up by 3.55% and West Texas Intermediate (WTI) at $106.2 per barrel, up by 3.68%.

European Commission President – Ursula von der Leyen proposed a phased oil embargo on Russia over its war in Ukraine. The measures from Commission include phasing out supplies of Russia's crude within six months and refined products by end of this year 2022. Ms Leyen also pledged to minimise the impact on European economies.

Meanwhile, investors are waiting for the announcement from the U.S. Federal Reserve scheduled for later today. The meeting is likely to throw more light on Fed's effort to bring down high inflation by hiking interest rates and reducing its balance sheet.

On Tuesday, the fuel prices declined on demand worries stemming from China's prolonged coronavirus related lock-downs which have curtailed travel plans during the Labour day holiday season.

The global manufacturing purchasing managers index has contracted in April for the first time since June 2020, owing to lock-downs in China.

The upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies are expected to take place on Thursday and member nations are likely to stick to their policies for another hike in monthly oil production.

4 May 2022
Petrol Prices Trades Flat in Kolkata

The petrol prices traded flat in Kolkata despite a surge in the global fuel prices as Germany is likely to look out for an alternative for Russia's crude supply. The petrol rates in Kolkata stood at Rs 115.12 per litre.

In the international forum, Brent was seen at $109.80 per barrel; up by 2.04% and West Texas Intermediate (WTI) at $106.80 per barrel, up by 1.34%.

Russia invaded Ukraine using military force on February 24, 2022. Many Western countries have condemned the move of Moscow and have imposed sanctions. The list of sanctions includes a ban on Russia's crude oil.

Russia is one of the member nations of the Organization of the Petroleum Exporting Countries (OPEC) and its allies. The group plays a significant role in supplying oil to many nations globally. A ban on imports of Moscow's fuel would tighten the crude supply in the oil markets, bolstering the fuel prices to jump.

Russia had started to use energy exports as a cudgel following criticism from the United States of America and its allies over its invasion of Ukraine. Moscow has cut off the gas supply to Bulgaria and Poland and is trying to push the EU to adopt its new gas payment system which includes opening accounts at Gazprombank wherein payments in euros and dollars will be converted into Russian roubles.

A document of the economy ministry as seen by Reuters notes that Russia's crude production could decline by as much as 17% during 2022.

29 April 2022
Petrol price in Kolkata unchanged on April 7, 2022

Petrol price in Kolkata on April 7, 2022 remained unchanged at Rs 115.22 per litre. In fact, petrol prices throughout the country were left unchanged.

The oil marketing companies in the country fix the petrol and diesel rates in the country and after hiking the prices for several days in a row, the prices have remained the same on April 7, as it was on April 6, 2022.

Fuel rates are revised almost daily by the oil marketing companies, who determine the prices based on global prices. For the last few months, we have seen crude prices soaring leading to petrol and diesel prices in cities like Kolkata too going up. These rates are largely linked to global prices and companies like HPCL, BPCL and Indian Oil regulate the rates.


7 April 2022
Petrol Prices Dips By 8 paise in Kolkata

According to oil companies data, today the prices of petrol in Kolkata moved slightly down by 8 paise compared to the previous price. Petrol rates in Kolkata mainly depend on crude oil price in international markets. Today, the global crude oil prices dipped slightly and Brent crude oil stood at $59.88 per barrel and WTI crude oil was seen trading at $52.10 per barrel. Petrol rates in the country are revised regularly and it comes into effect starting from 6 am in the morning. The fall in the fuel prices in Kolkata is good news for the consumers. Meanwhile, the Indian domestic rupee depreciated against the U.S. dollar and was seen trading at 71.14 mark during today's trade session. The dip in rupee value will make dollar-priced crude more expensive for purchase.

29 January 2019
Petrol Prices Rises Marginally in Kolkata

The prices of petrol are increasing on a daily basis in Kolkata for the last few days. The reason behind the continuous rise in the price is due to the surge in the price of crude oil in the global market.

India mainly depends on imports of crude oil. Any upward or downtrend movements in the prices of crude oil in the international market will simultaneously affect the prices of petrol in India as well.

The crude oil in the U.S. hit a record high of $80 per barrel during the past few weeks fueling the rise in the prices of petrol across the world.

The United States of America’s decision to pull out of the U.S.-Iran Nuclear Deal also impacted the prices of crude oil in the international market.

Currently, the prices of petrol in Kolkata stands at Rs 80.12 per liter up by 0.29 paisa from the previous day’s price.

The rise in the prices of petrol in India has created a big hole in the consumer’s pocket and has hurt their sentiments.

24 May 2018
Petrol price in Kolkata surges

Petrol rates in Kolkata rallied today on the back of a surge in global Brent Crude prices. Petrol prices have been seeing a consistent rise over the last few days.

 It has moved higher from levels of Rs 77.32 to Rs 79.53, over the last 10 days. It is likely that the government may cut excise duties to provide some respite to the common man.

 However, one has to wait and watch for any decision that the government takes. There are reports that excise duties maybe cut by as much as Rs 4, though it could cause substantial revenue loss to the government.

 Over the next few days the government is likely to take some decision on a slash. The oil marketing companies may also be asked to freeze rates, until a final decision is taken. Petrol price by Indian oil was placed at Rs 77.32 at the retail level.

 

 

 

23 May 2018
Petrol prices in Kolkata

Petrol prices in Kolkata fell marginally by 1 paise at Rs 74.94, as against Rs 73.93 seen on March 20, 2018. Crude prices were largely flat in the global markets and this reflected on prices in the domestic market. 

Todays Petrol prices in Kolkata largely depend on prices in the world markets, where crude is traded. For example, when Brent Crude prices go higher, so do prices in India. The rupee, which has been falling in the last few weeks, has made petrol prices a little costlier when compared to the previous days. 

We have for long been seeing crude prices, remaining stable, which is good news for those looking to fill their vehciles with petrol and diesel. In cities of India, petrol prices are always elevated because of the huge petrol levies by the central and state governments. Apart from this the deal margin also makes the fuel expensive in India. Most of the cities in India have a big differential in petrol prices.  

21 March 2018
Petrol prices Kolkata little changed

Petrol prices in the city of Kolkata were littled changed as global cues were almost flat in trade. Kolkata petrol prices were at Rs 74.94 per litre on March 20, as compared to Rs 74.93 on March 19, 2018. 

This is largely the impact of crude prices, which were little changed in the last few days. In fact, Brent Crude moved marginally higher to $66.26, which was up marginally over the previous day. 

The slightly downward bias for todays petrol rates in Kolkata is unlikely to change. At least there has been a 20 paise reduction in the price of petrol in the city, which is good news for the poor consumer. This is largely because the  last 6 months, there has been a decnt uptick in rates in the global markets, which has forced consumers to pay for fuel at the retail level. Unlike before rates are now aligned to free markets and not subsidised, which means higher rates. 

20 March 2018

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