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Petrol Price in Mumbai (11th April 2021)

Petrol prices in Mumbai 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 Mumbai ₹ 96.98 (11th April 2021), 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 Mumbai 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.

Apr 11, 2021
₹ 96.98 /Ltr

Last 10 Days Petrol Rate in Mumbai

Date Price Price Change
Apr 10, 2021 ₹ 96.98 ₹ 0.00
Apr 9, 2021 ₹ 96.98 ₹ 0.00
Apr 8, 2021 ₹ 96.98 ₹ 0.00
Apr 6, 2021 ₹ 96.98 ₹ 0.00
Apr 5, 2021 ₹ 96.98 ₹ 0.00
Apr 4, 2021 ₹ 96.98 ₹ 0.00
Apr 3, 2021 ₹ 96.98 ₹ 0.00
Apr 2, 2021 ₹ 96.98 ₹ 0.00
Apr 1, 2021 ₹ 96.98 ₹ 0.00
Mar 31, 2021 ₹ 96.98 ₹ 0.00

Daily & Monthly Petrol Price in Mumbai : Graphical Representation

Historical Petrol Price in Mumbai

  • Trend of Petrol Rate in Mumbai, April 2021
  • Petrol Price
    1st April Rs.96.98
    11th April Rs.96.98
    Highest rate in April Rs.96.98 on April 1st
    Lowest Rate in April Rs.96.98 on April 1st
    Over all performance No Change
    % Change 0%
  • Trend of Petrol Rate in Mumbai, March 2021
  • Trend of Petrol Rate in Mumbai, February 2021
  • Trend of Petrol Rate in Mumbai, January 2021
  • Trend of Petrol Rate in Mumbai, December 2020
  • Trend of Petrol Rate in Mumbai, November 2020
  • Trend of Petrol Rate in Mumbai, October 2020

Daily petrol prices in Mumbai were revised beginning from June 15, 2017, after it was felt that the oil marketing companies were capable of revising petrol prices on a daily basis. While it was earlier not possible, due to various technical issues, these days it is highly possible to revise prices on a daily basis.

Daily Petrol Prices in Mumbai Revised

Mumbai petrol prices in the first few days of price revision are seeing changes of a few paise.

This is largely beneficial for consumers as they can easily absorb the same. On the other hand it may be difficult to absorb the huge burden of says Rs 2-3, which would happen after a fortnight's revision in daily prices. We are providing todays petrol prices, which is largely the daily price, the revision of which happens at 6 am in the morning. You would do well to check the daily petrol prices on goodreturns.inn and fill petrol, in case you are planning to completely fill your tank.

How are petrol rates in Mumbai determined?

Petrol prices in Mumbai are determined in a host of ways, including the international prices of crude and the movement of the currency against the US Dollar.  When global prices of crude rally, they tend to impact domestic petrol prices, which means todays petrol prices in Mumbai are likely to go higher. For example, if crude oil moves from $40 to $70, its impact would most certainly be felt on the prices of petrol at the retail levels.

However, what would also be paramount would be the currency movement. For example, when the US dollar rises against against the rupee, crude prices become costlier for fuel. On the other hand if the rupee gains against the dollar, both petrol and diesel prices become costlier. It is hoped that this in turn would entail lowering the prices of petrol at the petrol stations.

Factors influencing petrol prices in Mumbai

There are a host of factors that ultimately lead to higher petrol prices in the city of Mumbai. This includes the import duty, and the taxes that are imposed by the state. Apart from this todays petrol prices in Mumbai also reflect the dealer margins, that is the margins that are levied by the retail petrol pumps. Many estimates suggest that are petrol rates should work to Rs 40, but we in Mumbai currently end-up paying Rs 88 per litre. This is not good and the government must thing of reducing the taxes on petrol, so as to benefit the common man. However, it would be very important to check the petrol rates before you fill your car or vehicle tank. 

Methods to check daily petrol prices in Mumbai

One can easily monitor the latest petrol updates via an SMS service or a customer support service operated by state-owned oil firms including Bharat Petroleum (BP), Hindustan Petroleum (HP), Indian Oil and Shell Oil. And also he / she can search online by visiting either of these oil firms' websites. Following the below-given methods, fuel consumers of Mumbai can check the current price of Mumbai from the comfort of their home and office. 

Through SMS

Type: RSPDEALER CODE and send it to 9224992249

Via Calling

For Indian Oil- 9224992249

Bharat Petroleum-9223112222

Hindustan Petroleum-9222201122

The specifics are also available on company websites and mobile applications such as Fuel@IOC, Smart Drive (BPCL), and My HPCL. 

Current VAT on petrol and diesel in Mumbai

The price of petrol and diesel has shown a huge spike in recent months in Mumbai and other parts of the state. Also, earlier in March 2020, for both automobile fuels, the state government had raised VAT (value added tax) by Re 1 litre each. Amid the lockdown caused by coronavirus, several governments have increased fuel taxes to increase revenues and also the central government had raised the excise duty on both automobile fuels. However, the increase in excise duty did not translate into a related rise in retail prices, as it was modified to the decline in crude oil rates. Different taxes, including taxes levied by both state and central governments, accounted for around 70% of retail costs. The VAT on petrol and diesel in Maharashtra is 26% and 24% respectively. 

Who fixes fuel prices in Mumbai?

Earlier until 2017, the central government of India used to fix the prices of fuel. But the country adopted the dynamic fuel pricing technique since June 15, 2017, and since then the oil marketing companies in India mainly the Indian Oil Corporation Limited (IOCL) will fix the retail prices of petrol and diesel in the country. 

Which Mobile Apps are helpful for tracking daily fuel prices of Mumbai? 

Petrol and diesel prices continue to change on a daily basis and it is assumed that identifying the perfect fuel price is a hurdle as the main issue in people's minds is how to verify the appropriate fuel price of Mumbai or any other specific city of India.  However, various oil and gas companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum have resulted in various ways of maintaining a tab on reshaping fuel costs, and the best way to track the rate changes is by downloading mobile apps through which Indian fuel consumers can easily track the perfect oil and diesel prices with ease. Top metro cities like Mumbai, Delhi, Kolkata, Bengaluru, Chandigarh, Chennai and much more had initiated the Dynamic Fuel Pricing mechanism on June 2017, of petrol and diesel prices. The fuel prices differ due to local taxes and other costs, across states. However,  Mobile apps allow fuel consumers to check on-the-go oil prices and one can also view the current fuel rates through SMS services or visit a specific oil company's website as discussed above. Here are the mobile applications which allow you to keep up to date with the latest fuel price from your comfort on a regular basis.

Fuel@IOC – IndianOil


Fuel@IOC-Indian Oil mobile app enables the fuel consumers of Indian oil to easily track the fuel rates of Mumbai or any other city of India from the comfort of their home or office. This app is available to install on both IOS and Android platforms. IOS users can open App Store and search for the app to download whereas Android users can search and download the same by opening the Google Play Store. Indian Oil's mobile application helps users to check for the new fuel prices, any time anywhere. Before going out you can just open your mobile to check the latest fuel price of your city or locality, means the convenience and user-friendly is just in your fingertips. Using this app you can easily understand about the  current market pattern of fuel price in Mumbai. Fuel@IOC-IndianOil is available for free for both Apple and Android devices, which are the most popular operating systems. You can directly access Indian Oil's official website in case you do not have IOS or Android mobile. By visiting the website or by using the mobile app of Indian Oil you can conveniently monitor the current fuel price of Mumbai or your locality without leaving your comfort. 

BPCL’s SmartDrive

BPCL's SmartDrive mobile application enables consumers to maintain record of fuel station purchases and also assists in identifying local fuel stations. SmartDrive is programmed to gather information about consumers and vehicles so that they can give you daily updates about your vehicle's PUC, insurance and service, and is accessible in both the Google Store and the Apple Store. SmartDrive also contains information of all the loyalty purchases on Petrocard and SmartFleet, in relation to specifics of the fuel rates of Mumbai. Your reviews will help the BPCL to better service you, you are very welcome to value the Fuel Stations' enhanced services at SmartDrive app. You can post pictures of the filling stations that you are satisfied with and express the frustration that you have felt at each of their fuel stations. SmartDrive has a means of establishing a positive partnership with the clients and partners, and at every action you take they pledge that they will stroll with you and be the option for your fuel needs. Cherish the Bharat Petroleum drive and download the SmartDrive App today to stay tuned with the latest petrol price of Mumbai.

My HPCL Mobile App

My HPCL mobile app issued Hindustan Petroleum also introduces a better category to keep abreast with the updated and accurate petrol price of Mumbai. or Android, IOS and Windows users, the mobile app is available for download for free. In addition to offering the revised petrol price of Mumbai on a regular basis, this app also has some interesting features for the fuel consumers of Mumbai such as Outlets & Services, My Vehicle, Updates, customer support section, Feedback, Assistance & Tips and also provides access to Insurance Renewal (with alliance company), DTPLUS (HPCL Rewards Scheme for fleet owners) and HPGAS (LPG). Even though the overall trend is believed to be buyer-centred, fuel prices are now calculated across all parts of the country based on global market dynamics and USD to INR price fluctuations. Mumbai's petrol consumers can conveniently search the city's new gas prices from the convenience of their residence or workplace. Consumers can reach the revised cost of petrol every morning with a few taps before going to the office or filling their vehicle's fuel container. Petrol consumers of Mumbai who do not have a smartphone can also visit the official website of HPCL or else he / she can use the SMS service or the toll-free number of HPCL to track the latest petrol price of the city regularly.     

What is the impact of GST on petrol price in Mumbai?

What is the fixed limit GST rate up to date? Definitely, that is 28 per cent. Such as petrochemicals, petrol is not covered by GST, which means for Goods and Services Tax. If GST is to be adopted, all tax elements should be omitted from the current fuel price overview of the market.. And the retail selling price (RSP) of petrol will decrease by a wide margin if GST were introduced at its highest stage, i.e. 28 per cent. The change will destroy the revenue source of Maharashtra’s government and the central government. It is the central government's authority to import petrol under the GST system. Conscious of the sectors of natural gas and oil? The whole oil and natural gas market has been put beyond GST's authority. The sector has many participants, ranging from OMCs to fuel bunker operators. It is expected that the implementation of GST in the sector will have a negative impact on its participants. For example, industry players are forced to comply with double tax regimes, creating higher delivery cost. The GST authority may recommend increasing the tax rate to make sure that petrol is imposed under the GST regime and that the revenue stream of the state and central government remains constant.  

 

 

 

 

Petrol Prices Firm in Mumbai

The petrol prices are firm in Mumbai despite the fall in the global crude rates as the supply outlook outweighs rising demand.

The petrol rates in Mumbai traded at Rs 96.98 per litre.

In the overseas scenario, Brent was seen at $62.95 per barrel, down by 0.40%; West Texas Intermediate (WTI) at $59.32 per barrel, down by 0.47%.

Yesterday, the crude prices edged lower in rangebound trade on rising supplies from major producers as concerns grow over the future of fuel demand amidst mounting pandemic cases.

Both the U.S. contracts are on track to report a decline of 2% - 3% for this week, but it is still far from a low of hitting $60.47 a barrel, which it had touched before two weeks.

Recently the Organization of the Petroleum Exporting Countries (OPEC) and its member partners had decided to ease the output cuts starting from May through July. The increase will result in approximately 2 million barrels of crude getting added to the global crude supply.

On Friday, the energy services firm – Baker Hughes Co reported that the U.S. drillers have kept the number of oil rigs constant for this week, as analyst forecast more rigs were required to keep the production stable.

10 April 2021
Petrol Prices Stable in Mumbai

The petrol prices are stable in Mumbai following trends from the international markets as it remains a little unchanged as investors weigh on rising supplies. The petrol rates in Mumbai stood at Rs 96.98 per litre.

In the overseas forum, Brent was seen at $63.10 per barrel; West Texas Intermediate (WTI) at $59.50 per barrel.

The oil prices were little changed on Friday supported by the weak dollar. Investors weighed on the rising supplies and the impact on the fuel demand amidst rallying pandemic cases.

A weak dollar makes crude cheaper for holders of other currencies, boosting the fuel prices to march up.

Both the U.S. crude contracts were on track as they posted a 2% - 3% decline this week after the Organization of the Petroleum Exporting Countries (OPEC) and its allies decided to ease the output cuts starting from May.

Meanwhile, analysts expect that the global crude inventories will continue to drop as fuel demand accelerates during the second half of the year as the worldwide economic recovery gathers steam.

The reimposed lockdowns in some parts of the world despite vaccination rollout could alter the crude demand picture.

10 April 2021
Petrol Prices Untouched in Mumbai

The petrol prices are untouched in Mumbai despite a decline in the global crude rates following an unexpected rise in the U.S. crude stockpiles. The petrol rates in Mumbai were recorded at Rs 96.98 per litre.

In the global platform, Brent was seen at $62.86 per barrel, down by 0.47%; West Texas Intermediate (WTI) at $59.32 per barrel, down by 0.75%.

On Thursday, the crude prices inched down after the official figures from the U.S. revealed a big jump in the gasoline stocks. The unexpected rise in inventories has weighed on the price to slump during today’s trade session.

The United States of America holds the tag of the world’s biggest consumer of crude, but currently, the country’s fuel demand is declining when supplies across the globe are witnessing an increase.

The gasoline stocks in the U.S. jumped by 4 million barrels against the analyst expectations of a drop of just over 230 million barrels, as refiners ramped up production before the summer driving season.

The signs of revival of the global economy had uplifted the crude prices over the last few days, cheering the oil markets. The robust economic data from the U.S. and China had boosted the fuel demand.

Traders note that the crude supply is rising across the globe as Russia’s output increasing from average March levels during the first few days of April.

8 April 2021
Petrol Prices Constant in Mumbai

The petrol prices are constant in Mumbai despite a drop in the global crude rates despite stronger global economic growth. The petrol prices in Mumbai traded at Rs 96.98 per litre.

In the international platform, Brent was seen at $63.13 per barrel; West Texas Intermediate (WTI) at $59.72 per barrel.

During the earlier trade session, the fuel prices were trading in the positive territory uplifted by improving economic data. The International Monetary Fund (IMF) noted on Tuesday, that the unprecedented public spending to fight the pandemic crisis will push global growth to 6% during fiscal 2021, a rate not achieved since the 1970s.

But a possible rise in the U.S. fuel inventories and Iran talks has weighed on the oil prices.

The U.S. crude stocks fell by 2.6 million barrels for the week ending April 2, 2021, while the gasoline inventories jumped by 4.6 million barrels, as per the data from the American Petroleum Institute (API). Though, the official data is due to be released later today.

Meanwhile, Iran and world powers held constructive talks on Tuesday and agreed to form working groups to discuss the possibility of reviving the nuclear deal signed between the U.S. and Iran in 2015. The deal could lead Washington to lift the sanctions on Iran’s fuel supply and energy sector.

7 April 2021
Petrol Prices Unvaried in Mumbai

The petrol prices are unvaried in Mumbai despite a rally in the global crude rates following robust economic data from the U.S. and China. The petrol rates in Mumbai were spotted at Rs 96.98 per litre.

In the global platform, Brent was seen at $64.10 per barrel, up by 3.14%; West Texas Intermediate (WTI) at $60.71 per barrel, up by 3.51%.

The robust economic data from the U.S. and China has helped to lift the crude prices during Tuesday’s trade session. The oil rates managed to recoup some of the losses it recorded during the previous few sessions, as infection cases led volatility continues to dominate.

The mounting pandemic cases in many parts of the world have weighed on the fuel prices to drop. But the Organization of the Petroleum Exporting Countries (OPEC) and its members agreed to ease the output cuts beginning from May through July.

Accordingly, the oil producers will bring back 350,000 barrels per day (bpd) of supply in May, another 350,000 bpd in June and a further 400,000 bpd in July to markets.

The market sentiment was buoyed as U.S. services activity for March hit a record high. China’s service sector also gathered some steam following the sharpest rise in sales in the last three months.

The outbreak of the pandemic has diminished the fuel demand globally, weighing on its prices to shrink.

On Tuesday, the global deaths related to coronavirus crossed 3 million as per the Reuters tally, amidst the mounting pandemic cases. Despite the rollout of vaccination, the case continues to resurge worldwide.

6 April 2021
Petrol Prices Untouched in Mumbai

The petrol prices are untouched in Mumbai despite a decline in the overseas fuel prices as OPEC+ members agree to ease crude output cuts in the coming months. The petrol rates in Mumbai were recorded at Rs 96.98 per litre.

In the international forum, Brent was seen at $63.52 per barrel, down by 2.07%; West Texas Intermediate (WTI) at $60.22 per barrel, down by 2.00%.

The fuel prices marched down by around 2% during today’s trade session as the members of the Organization of the Petroleum Exporting Countries (OPEC) + allies have agreed to gradually ease some of its production cuts between May and July.

Last week, the oil producers club agreed to ease production cuts by 350,000 barrels per day (bpd) in May, another 350,000 bpd in June and a further 450,000 bpd during July.

The decision was arrived at after the Biden’s administration in America called up Saudi Arabia to keep energy affordable for consumption for the common man despite growing demand concerns. The reimposition of lockdowns in Europe and parts of the world has negatively impacted fuel prices to drop.

On the other hand, Japan could expand emergency measures as per the requirement to contain the new wave of coronavirus infection.

Most of the increase in the crude supply is likely to come from Saudi Arabia which is phasing out its extra voluntary output cuts in July, a move that will add up to 1 million bpd, to markets.

Meanwhile, investors focus will be on the indirect talks held in Vienna between the United States of America and Iran as part of the broader negotiations on the 2015’s nuclear deal.

5 April 2021
Petrol Prices Stagnant in Mumbai

The petrol prices in Mumbai stood stagnant despite inching up of the global crude rates amidst OPEC+ members decision to gradually curb output cuts as fuel demand concerns persist. The petrol rates in Mumbai were recorded at Rs 96.98 per litre.

In the overseas platform, Brent was seen at $64.86 per barrel, up by 3.38%; West Texas Intermediate (WTI) at $61.45 per barrel, up by 3.87%.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies which met on Thursday decided to trim down output gradually starting from next month. Beginning from May volumes of 350,000 barrels per day (bpd) will be added to the markets. In June it will be another 350,000 bpd of crude. During July, the output will be increased to 450,000 bpd.

The outbreak of the pandemic crisis has diminished the scope for the revival of crude demand since March 2020. The OPEC and its members had to step in and decided to go for deeper output cuts to support the oil prices amidst weak oil demand.

In May, an additional 350,000 barrels per day (bpd) of crude will be added to the markets. In June, the volumes will be 350,000 bpd and during July, it will be 450,000 bpd.

The OPEC+ members have currently trimmed down by just over 7 million barrels per day in a move to support the ailing oil prices and to address the oversupply issue.

Apart from this, Saudi Arabia has voluntarily cut down 1 million barrels per day in addition to the cuts announced by the oil producers club.

3 April 2021
Petrol Prices Unchanged in Mumbai

The petrol prices are unchanged in Mumbai despite a jump in the oil prices in the international markets as OPEC+ members agree to gradually curb output cuts as demand concerns persist. The petrol rates in Mumbai recorded at Rs 96.98 per litre.

In the overseas platform, Brent was seen at $64.86 per barrel, up by 3.38%; West Texas Intermediate (WTI) at $61.45 per barrel, up by 3.87%.

The Organization of the Petroleum Exporting Countries (OPEC)+ members have decided to gradually curb the existing output cuts starting from next month. During May an additional volume of 350,000 barrels per day (bpd) will be added to production. In June, another 350,000 bpd will be added to the markets.

In July 2021, the output volumes will be increased by 450,000 bpd.

The oil producers club has currently cut down just over 7 million bpd in an attempt to boost the fuel prices and to address the oversupply issue. The OPEC kingpin Saudi Arabia has voluntarily trimmed down an additional cut of 1 million bpd.

The meeting of the oil producers club comes shortly after the Suez Canal reopened to traffic. Last week a large container vessel ran aground and blocked the movement of the traffic in the narrow Suez Canal, connecting Asia and Europe.

The fast-spreading pandemic infection has forced French President – Emmanuel Macron to order for a third national lockdown to alleviate some of the pressure on hospitals.

2 April 2021
Petrol Prices Stands Still in Mumbai

The petrol prices stood still in Mumbai despite a jump in the global crude rates by over 1% during Thursday’s trade session ahead of the OPEC+ meeting. The petrol rates in Mumbai were recorded at Rs 96.98 per litre.

In the global platform, Brent was seen at $63.49 per barrel, up by 1.20%; West Texas Intermediate (WTI) at $59.96 per barrel, up by 1.35%.

On Thursday, the oil prices marched up after recouping some of the previous session’s losses on expectations that a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies will yield output constraint. The mounting pandemic cases may force the oil producers club to continue with the existing output cuts.

The outbreak of the pandemic crisis has negatively impacted fuel prices, following muted oil demand.

The ministers of the Organization of the Petroleum Exporting Countries (OPEC) and its allies will be meeting later today to decide on the fate of the future of the global crude supply. The possible options for the oil producers club include an output roll-over and a gradual increase in output.

The OPEC and its allies including Russia and Kazakhstan have lowered the fuel demand forecast for the year by 300,000 barrels per day (bpd) weighing on the oil prices and made it more likely that the meeting will result in continued restraint.

Meanwhile, the France President – Emmanuel Macron has put the nation into a third lockdown and announced that the schools will be shut down for three weeks to cope with the third wave of the pandemic as the situation has threatened to overwhelm hospitals.

1 April 2021
Petrol Prices Unmoved in Mumbai

The petrol prices are unmoved in Mumbai despite a drop in the international crude rates amidst growing concerns by OPEC+ members over weak demand revival. The petrol rates in Mumbai recorded at Rs 96.98 per litre.

In the overseas forum, Brent was seen at $63.95 per barrel; West Texas Intermediate (WTI) at $60.86 per barrel.

The crude prices declined on Wednesday following concerns by the Organization of the Petroleum Exporting Countries (OPEC) and its member partners, as they lowered their 2021, oil demand growth outlook. Despite feeble crude demand, the strong Chinese factory activities gave some support for the falling oil rates.

For the current year, the oil producers club has lowered its fuel demand forecast by 300,000 barrels per day (bpd) as per the report from its expert's panel meeting seen by Reuters.

The OPEC and its partners are all set to meet tomorrow to decide on the future of the output policy.

The oil producers club has right now curbed the output by just over 7 million bpd, in a move to support the crude prices and to reduce oversupply. In addition to this Saudi Arabia has added to those cuts with an additional trimming of 1 million bpd.

On Wednesday, Kuwait’s Oil Minister – Mohammad Abdulatif Al-Fares, has expressed cautious optimism that the global fuel demand will improvise once the coronavirus vaccine programs gather pace and industrial output recovers. 

31 March 2021

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