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Petrol Price in Kolkata (19th December 2018)

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 (₹72.71), 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.

Dec 19, 2018
₹ 72.71 /Ltr

Last 10 Days Petrol Rate in Kolkata

Date Price Price Change
Dec 18, 2018 ₹ 72.71 ₹ 0.09
Dec 17, 2018 ₹ 72.62 ₹ 0.19
Dec 16, 2018 ₹ 72.43 ₹ 0.00
Dec 15, 2018 ₹ 72.43 ₹ 0.05
Dec 14, 2018 ₹ 72.38 ₹ 0.00
Dec 13, 2018 ₹ 72.38 ₹ -1.02
Dec 12, 2018 ₹ 73.40 ₹ 1.12
Dec 11, 2018 ₹ 72.28 ₹ -0.09
Dec 10, 2018 ₹ 72.37 ₹ -0.23
Dec 9, 2018 ₹ 72.60 ₹ -0.15

Daily & Monthly Petrol Price in Kolkata : Graphical Representation

Historical Petrol Price in Kolkata

  • Trend of Petrol Rate in Kolkata, December 2018
  • Petrol Price
    1st December Rs.74.55
    19th December Rs.72.71
    Highest rate in December Rs.74.55 on December 1st
    Lowest Rate in December Rs.72.28 on December 11th
    Over all performance Falling
    % Change -2.53%
  • Trend of Petrol Rate in Kolkata, November 2018
  • Trend of Petrol Rate in Kolkata, October 2018
  • Trend of Petrol Rate in Kolkata, September 2018
  • Trend of Petrol Rate in Kolkata, August 2018
  • Trend of Petrol Rate in Kolkata, July 2018
  • Trend of Petrol Rate in Kolkata, June 2018

Petrol prices in the city of Kolkata will change everyday. 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 everyday 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 Rs 68 mark. In Kolkata petrol prices is now around the 70 mark and if oil falls below $45 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 curencies 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 todays petrol prices depends on currency movement and also the international crude prices. 

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 about Rs. 75.63 per liter. If, due to some reason, the international oil price does fall to below $45, the price in Kolkata is likely to reduce drastically and come down to somewhere close to Rs. 68.

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)

With things taking a turn for the better and the petrol prices in Kolkata falling by 1 rupee (from Rs 74.94 to Rs 73.93) a week ago, we did see a ray of hope. 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.

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
Petrol price Kolkata dip 10 paise in 2-days

Petrol prices in Kolkata fell by 10 paise in the last 2 days, as global prices of crude oil dropped. for the last few days, we have seen rates dropping, largely as global oil prices have remained weak. It is likely that we will see some pressure and reaction in global prices of petrol, given that there has been some tendency to fall at higher rates.

Kolkata petrol prices were last seen trading at Rs 75.01, as against Rs 75 seen in the previous day. The trend is likely to sustain and prices of the fuel have remained different in the various cities of the state. Those looking to fill petrol now, it maybe a good time, given that prices have fallen a good 10 paise. The India crude basket from which the city of Kolkata derives its prices was last down. on Brent crude prices.


17 March 2018

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