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Petrol Price in Mumbai (22nd April 2018)

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.

Petrol Price in Mumbai Today (Applicable from 6 am)

Last 10 Days Petrol Rate in Mumbai

Date Price Price Change
Apr 20, 2018 ₹ 81.93 ₹ 0.01
Apr 19, 2018 ₹ 81.92 ₹ 0.05
Apr 18, 2018 ₹ 81.87 ₹ 0.00
Apr 17, 2018 ₹ 81.87 ₹ 0.00
Apr 16, 2018 ₹ 81.87 ₹ 0.04
Apr 15, 2018 ₹ 81.83 ₹ 0.04
Apr 14, 2018 ₹ 81.79 ₹ 0.02
Apr 13, 2018 ₹ 81.77 ₹ -0.03
Apr 12, 2018 ₹ 81.80 ₹ -0.03
Apr 11, 2018 ₹ 81.83 ₹ 0.00

Daily & Monthly Petrol Price in Mumbai : Graphical Representation

Historical Petrol Price in Mumbai

  • Trend of Petrol Rate in Mumbai, March 2018
  • Petrol Price
    1 st March Rs.79.45
    31st March Rs.81.41
    Highest rate in March Rs.81.41 on March 31
    Lowest Rate in March Rs.79.45 on March 1
    Over all performance Rising
    % Change +2.41%
  • Trend of Petrol Rate in Mumbai, February 2018
  • Trend of Petrol Rate in Mumbai, January 2018
  • Trend of Petrol Rate in Mumbai, December 2017
  • Trend of Petrol Rate in Mumbai, November 2017
  • Trend of Petrol Rate in Mumbai, October 2017

Petrol Price in Maharashtra State and Major Cities

In Maharashtra petrol is used in day to day life as an essential commodity and used primarily for transportation purpose. It is important to track petrol rates in Mumbai and other cities as the same is changed everyday by oil marketing companies like IOC, HPCL and BPCL at the petrol pumps in Maharashtra. At the same time, it is essential to know the daily petrol price that is changing slightly every day in major cities of Maharashtra like Pune, Nagpur, Nashik, Aurangabad and Solapur etc... Prior to Capital/Metro city Mumbai, petrol prices may also vary slightly from city to city in Maharashtra.

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 $55 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 end-up paying Rs 80 per litre. This is not good and the government must thing of reducing the taxes on petrol, so as to benefit the common man. The fuel internationally has fallen from levels of $100 to the current levels of $65, but we have not seen a corresponding reduction in the prices of petrol at the retail level. 

However, it would be very important to check the petrol rates before you fill your car or vehicle tank. 


Petrol price Mumbai fall

Petrol prices in Mumbai fell marginally on March 19 from Rs 80.07 to Rs 80.06 seen on Sunday. Petrol prices in the city have now seen a constant decline and have dropped to levels not seen in the last few days. 

Rates which were pegged at Rs 80.3 on March 9 have now fallen to Rs 80.07. In fact, the dip has come largely on the back of an international drop in prices. Brent crude prices have dropped to $62 from $61 levels, in the last few days. 

This has largely ensured that petrol prices in the city of Mumbai fall. However, the trend maybe short lived if tensions around the globe escalate. 



Petrol price in Mumbai down 8 paise

Petrol price in Mumbai fell as much as 8 paise, as prices in the global markets fell. Brent crude was last seen trading at $62 as against $62.55. Though prices spiked on Friday, there was some fall in todays Mumbai petrol prices, as the rupee gained against the dollar. It is important to remember, that there could be two factors that impacct prtrol prices in Mumbai and one of these is the currency movement and world prices of the fuel. 

Today Mumbai petrol rates were at Rs 80.14, dipping from Rs 80.34 that was seen on March 14, 2018. There has been a sustained dip in the last three days. 

This augurs well for those looking to fill the fuel after the first decline in the last few days. However, rates tend to change on Monday, while over the weekend there is barely any change in prices. 

Petrol Prices Touch Rs. 80 Per Liter in Mumbai

Petrol prices all over India have gone up by 1 to 2 percent in the past week. Petrol Price in Mumbai per liter of non-branded petrol crossed over Rs 80.
The increase in rates can be blamed to the price of Brent crude which acts as a benchmark for petrol prices in Asia.

The rate of crude oil highly depends on the global supply that has been short due to reduced production. The added burden on petrol prices is an effect of state levies from the Maharashtra government. Since International factors cannot be controlled, Mumbai petrol prices could see a reduction, if the government makes a move to bring petrol under GST to stabilize prices.

Petrol Rates Dropped in Mumbai

Mumbai is a coastal city, the commercial and business capital of the country. It is the place where the highest number of working Indians. There is a massive demand for petrol in the city. But, after seeing high petrol prices in Mumbai, the same has come down as the central government of India, recently announced a cut in basic excise duty on petrol and diesel. Petrol price in Mumbai has since fallen to Rs 2.50 per liter.

On Oct 3rd, petrol price in Mumbai was down to Rs 79.92 per liter, and now on Thursday the petrol price in Mumbai fell further to Rs 77.49 per liter. Similarly, in the financial capital, the petrol price in Mumbai retained at Rs 79.92 on Oct 3rd. However, it dropped sharply to Rs 77.51 per liter on October 4. The current petrol price in Mumbai is Rs 77.49 per liter.


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