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Petrol Price in Lucknow (3rd December 2020)

Petrol prices in Lucknow 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 Lucknow ₹ 82.78 (3rd 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 Lucknow 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
₹ 82.78 /Ltr ( ₹ 0.13 )

Last 10 Days Petrol Rate in Lucknow

Date Price Price Change
Dec 2, 2020 ₹ 82.65 ₹ 0.29
Dec 1, 2020 ₹ 82.36 ₹ -0.18
Nov 30, 2020 ₹ 82.54 ₹ 0.00
Nov 29, 2020 ₹ 82.54 ₹ 0.32
Nov 28, 2020 ₹ 82.22 ₹ 0.03
Nov 27, 2020 ₹ 82.19 ₹ 0.15
Nov 26, 2020 ₹ 82.04 ₹ 0.08
Nov 25, 2020 ₹ 81.96 ₹ 0.00
Nov 24, 2020 ₹ 81.96 ₹ 0.10
Nov 23, 2020 ₹ 81.86 ₹ 0.00

Daily & Monthly Petrol Price in Lucknow : Graphical Representation

Historical Petrol Price in Lucknow

  • Trend of Petrol Rate in Lucknow, November 2020
  • Petrol Price
    1st November Rs.81.48
    30th November Rs.82.54
    Highest rate in November Rs.82.54 on November 29th
    Lowest Rate in November Rs.81.34 on November 2nd
    Over all performance Rising
    % Change +1.28%
  • Trend of Petrol Rate in Lucknow, October 2020
  • Trend of Petrol Rate in Lucknow, September 2020
  • Trend of Petrol Rate in Lucknow, August 2020
  • Trend of Petrol Rate in Lucknow, July 2020
  • Trend of Petrol Rate in Lucknow, June 2020

How are Petrol Prices in Lucknow Updated?

In Lucknow, under the dynamic fuel pricing system that came into force on 16 June 2017, all petrol bunks must update the petrol prices.

Dynamic fuel pricing is a standardised fuel pricing system where fuel prices are modified at 06:00 a.m. every day. In accordance with crude oil exchange rate and cost. Other countries that adopt the regular method of revision are the United States, Russia and Australia. By adopting the strategy, India also joins these countries. The regular analysis will raise optimism in the sustainability of modernization, as routine changes can be quickly forwarded on to buyers. In the new arrangement, the change is free of government regulation. Dynamic fuel pricing also allows greater stability and versatility for the oil marketing companies (OMCs). Distributors will be in a position to follow the best principles of wealth management. The daily revision is a significant change in the fuel retail industry. 

Daily price revision of petrol in Lucknow

In Lucknow, petrol rates are changing every day opposed to the earlier trend of revising rates once every 15 days. But if you're going to load petrol every day, it is recommended to check today's petrol price of the city. By considering this, monitoring the daily petrol prices at goodreturns.in will be essential. The petrol price of Lucknow is updated every day at 6 A.M. So it'd be wise to search for an update in the daily petrol prices in Lucknow before you leave the house. The frequent adjustment of the petrol prices is likely to only be for a few paise or rupee. If you already fill large quantities, though, a minor revision may also mean a tonne. Therefore, it'll become necessary to search the daily petrol prices in Lucknow before loading your vehicles with petrol. Note, such rates are generally updated depending on what the global market situation is. So, when foreign crude oil prices are rising, the price of petrol in Lucknow will also jump. You can check the modified petrol price of Lucknow and also compare current price with the previous day visiting Goodreturns.in regularly.  

What is Dynamic Fuel Pricing?

In India, dynamic fuel pricing was implemented to eliminate political impact on fuel pricing, guarantee 100% consistency in fuel pricing, sync petrol consumers with market trends, immediately transfer ups and falls in international crude oil rates to end-users, reduce the burden on dealers' and oil marketing companies' working capital and encourage private holders in the sector of fuel retailing. The petrol price of Lucknow was revised every fortnight before dynamic pricing, i.e. on the 1st and 16th of each month. But now, Lucknow’s petrol consumers are followed on a daily basis by dynamic fuel pricing. The revised fuel price will be adjusted by 6 a.m, as per the new mechanism and hence all the oil companies will reflect the updated price across their respective fuel stations, mobile apps, and official websites in India. Considering this automated centrally-connected filling stations will get an automated petrol price change non-automated fuel bunks will have to render the updated price manually accessing the price from of the official website of the respective oil company. 

Petrol consumers of Lucknow can download and install the mobile apps of specific oil firms, such as state-owned Indian Oil, Hindustan Petroleum, Bharat Petroleum and private-owned Shell and Essar, to find the latest petrol price of the city. Apart from this, the consumers can also use SMS service and toll-free numbers of the respected oil firms to track the petrol price of Lucknow on a daily basis. As a petrol consumer of Lucknow or any other city you can visit our site i.e. Goodreturns.in regularly at 6 a.m to track the accurate and updated petrol and diesel rate from the comfort of your bed.    

How the petrol rates in Lucknow are determined by the Dynamic Fuel Pricing?

After its deployment on June 17, the mechanism named as 'dynamic fuel pricing' was widely known. Fuel prices tend to shift on a regular basis, in line with the currency exchange ratio between the USD and the INR, as well as the price of crude oil. Consequently, monitoring fuel prices is often necessary before filling your tank. Whereas Lucknow was impacted, all petrol stations adopted the dynamic fuel pricing model across the city from 17 June thereafter. Although Dynamic Fuel Pricing has been introduced in the country, the main objective of the strategy is to improve the reliability of fuel prices so that the OMCs (Oil Marketing Companies) are not controlled or pressured by federal agencies. Consequently, the updated prices can be easily provided to the customers because of the fluctuation in crude oil rates and the INR-USD exchange rate, and even fuel station dealers can manage their commissions and cash efficiently by following the current mechanism. 

Impact of GST on petrol price in Lucknow

For all types of goods and services, Indian customers are paying GST. On 1 July 2017, GST came into force. Under a unified forum called GST, all Indian taxpayers are placed forward. Petrol and diesel are not listed in the GST regime. The new GST rate does not, however, make any impact to the price of petrol in the state. The price of petrol is expected to decrease by at least 30 percent if GST is levied on petrol.   

How to get the correct petrol price of Lucknow?

The recent fuel changes can effectively be monitored of state-owned oil companies such as Bharat Petroleum (BP), Hindustan Petroleum (HP), Indian Oil and Shell Oil through an SMS and customer care facility, But apart from this offline mechanism you can also visit the websites of these oil firms directly to hunt the transparent petrol price of Lucknow. Hence, as a petrol consumer of Lucknow you can search Lucknow's current petrol price by using any of the methods mentioned below. Following the Dynamic Fuel Pricing mechanism, the petrol price across all the cities of India keep changing on a daily basis. And hence you can compare the petrol price of today with yesterday’s petrol price on the adobe mentioned table of this page. Today's petrol price in a city is very hard to confirm due to the daily revision in petrol price. However, OMCs have established many initiatives to verify Lucknow's daily petrol prices. 

Via SMS- The following method will allow you to get the latest petrol price of the city via the 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

Via website- You can visit the official website of Indian Oil, Bharat Petroleum and Hindustan Petroleum to find the exact petrol price of Lucknow. But in addition to this, Goodreturns also helps you to find the appropriate oil prices for all cities in India, including Lucknow.

Via Mobile Apps of the OMCs- Mobile applications promising the existing fuel cost of an area have been introduced by OMCs. Indian Oil customers can access and use the 'Fuel@IOC' app, whereas Bharat Petroleum customers can utilize the 'SmartDrive' app and Hindustan Petroleum's fuel buyers can use the 'MY HPCL' app to monitor the accurate price of the city

Via toll-free numbers- You can determine the proper petrol price of Lucknow by contacting the toll-free numbers of the OMCs given below.

  • Indian Oil- 9224992249  
  • Bharat Petroleum-9223112222  
  • Hindustan Petroleum-9222201122

 

 

 

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