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Petrol Price in Tamil Nadu (29th March 2024)

Tamil Nadu is one of the most popular south Indian states located at the southernmost part of the Indian Peninsular. It is one of the seventh most populous states in the country. The petrol prices in Tamil Nadu is changed on a regular basis and hence it is necessary for everyone to check the petrol prices on a daily basis. The petrol prices in Tamil Nadu fluctuates on a frequent basis in sync with the international crude oil prices. The recent fall in the value of rupee against dollar has led to the increase in the petrol prices.

City Today Price Yesterday Price
Ariyalur ₹ 102 ₹ 101.57
Chengalpattu ₹ 101.25 ₹ 101.12
Chennai ₹ 100.85 ₹ 100.75
Coimbatore ₹ 101.18 ₹ 101.23
Cuddalore ₹ 102.88 ₹ 102.84
Dharmapuri ₹ 102.01 ₹ 102.39
Dindigul ₹ 101.41 ₹ 101.64
Erode ₹ 101.52 ₹ 101.70
Kallakurichi ₹ 102.98 ₹ 102.30
Kanchipuram ₹ 101.22 ₹ 101.01
Kanniyakumari ₹ 101.87 ₹ 101.98
Karur ₹ 101.04 ₹ 101.53
Krishnagiri ₹ 102.73 ₹ 102.37
Madurai ₹ 101.46 ₹ 101.46
Mayiladuthurai ₹ 102.10 ₹ 102.10
Nagapattinam ₹ 102.17 ₹ 102.20
Namakkal ₹ 101.22 ₹ 101.48
Nilgiris ₹ 102.95 ₹ 102.95
Perambalur ₹ 101.66 ₹ 101.66
Pudukkottai ₹ 101.41 ₹ 101.37
Ramanathapuram ₹ 102 ₹ 101.90
Ranipet ₹ 101.73 ₹ 101.84
Salem ₹ 101.64 ₹ 101.48
Sivaganga ₹ 101.48 ₹ 102.10
Teni ₹ 101.79 ₹ 101.79
Tenkasi ₹ 101.38 ₹ 101.58
Thanjavur ₹ 101.31 ₹ 101.37
Thiruvarur ₹ 101.84 ₹ 101.92
Tiruchchirappalli ₹ 101.21 ₹ 101.54
Tirunelveli ₹ 101.11 ₹ 101.06
Tirupathar ₹ 102.80 ₹ 102.69
Tirupathur ₹ 102.80 ₹ 102.69
Tirupur ₹ 101.76 ₹ 101.39
Tiruvallur ₹ 100.77 ₹ 101.58
Tiruvannamalai ₹ 102.74 ₹ 102.04
Tuticorin ₹ 101.49 ₹ 101.43
Vellore ₹ 102.12 ₹ 101.65
Viluppuram ₹ 102.29 ₹ 101.90
Virudunagar ₹ 101.77 ₹ 101.79

How to Compute Petrol Prices in Tamil Nadu?

The petrol price in the state of Tamil Nadu can be calculated using the following method.

Retail Selling Price of petrol = Cost Price of crude oil + OMC costs + price charged to dealers + fuel costs before adding VAT

The cost of the crude oil is the actual price paid by the state-run oil marketing companies in India to procure crude oil from foreign oil marketing companies. The cost of crude oil is divided equally by 159 to arrive at the cost of crude oil litre. 1 barrel of crude oil is equal to 159 litre. Before arriving at the final price of the crude oil, freight expenses are also included.

The oil marketing companies in the country incur operational expenses, freight charges, refinery processing costs, transportation costs, entry taxes, freight expense, freight charges. The prices charged to the dealers includes the central excise duty imposed by the central government on the petrol prices.

The customer has to bear the following costs as a part of the price at the time of purchase of petrol and it includes the cost of the crude oil, prices charged by dealers, expenses by oil marketing companies, the state levied VAT, pollution cess.

Taxes on Petrol In Tamil Nadu

Like most of the states in India, the state of Tamil Nadu has a fixed tax rate which is levied on petrol before arriving at the selling price. The tax rate on petrol stands at 32.11% in Tamil Nadu. The tax rate levied on petrol differs from that of diesel and the same is prevalent across the country. The tax rate is one of the reasons behind the change in the prices of petrol in different cities.

 

 

Today Petrol Rates in Chennai

Petrol rates in Chennai rose from Rs 74.03 on Jan 28, to Rs 73.94 on Jan 29, 2019. Compared to yesterday the petrol price in Chennai moved lower by 0.09 paisa. Petrol prices in various Indian cities daily changes at morning 6 am. Previously petrol price in Chennai used to change 15 days once and there are more than 300 petrol bunks in Chennai, where they change now. The fuel price is inclusive of central excise duties and Tamil Nadu state VAT taxes and there is a slight price difference between petrol bunks.

Latest Updates on Petrol Price in Tamil Nadu

Chennai Petrol Prices, March 11: Marginal Decline In Petrol Price

Petrol is a vital commodity for meeting the requirements of transportation whether it is for commercial or personal purposes. Petrol prices that customers may need to shell out at petrol pumps are the retail prices that they have to pay. Petrol prices are decided by leading state-owned Oil Marketing Companies (OMCs) like Bharat Petroleum, and Indian Oil and Hindustan Petroleum. This is supervised by PPAC (Petroleum Planning and Analysis Cell) which fall under Ministry of Petroleum and Natural Gas.In India, petrol rates have been changed on everyday basis and the price change is implemented at 06:00 a.m. every day.

In Chennai, petrol price on March 11 is Rs 102.63. In the last 10-days, minor fluctuations took place in the prices of petrol in Chennai. The prices of petrol surged marginally by Re 0.23paiseon March 11. Petrol prices surged by Re 0.13 paise on March 9, 2024 and rose by Re 0.10 paise on March 8, 2024.

 

 

 

12 March 2024
Chennai Petrol Rates Today Climbs Slightly Amidst Rising International Demand

Today petrol prices in Chennai have increased by Rs. 0.11/- to reach Rs. 102.74/- per litre, which were at Rs. 102.63/- the previous day. The demand for crude oil have risen sharply since yesterday due to the uncertain situation lurking in Red sea, affecting the global oil trade.

Chennai is the capital region of Tamil Nadu with immense population depending on fuel for daily business and economic activities. The direct implications on common man's pocket pushes for Indian government to regulate Chennai petrol prices today. However, considering the election season this year, fuel prices including petrol rate in Chennai would stay at reasonable levels despite global market trends.

Internationally the demand for crude oil has picked up since yesterday's US session after two of the US cargo ships faced attacks with a UK cargo container in the Red Sea by Houthis. The geopolitical tensions in the middle east have increased the global demand for oil since supply disruption is expected for most parts of Europe. This week, oil traders would expect the FOMC minutes to push for crude oil prices to dive lower with favourable US dollar index.

The MCX Crude Oil Futures maturing this March are currently trading at Rs 165/-, a fall of 5.6% or Rs 9.9/- since yesterday's closing.

21 February 2024

Petrol Prices in Chennai is Lethargic

The petrol prices are lethargic in Chennai for a long time as the state-run oil marketing companies have kept the prices stagnant for a long time since last May. The petrol rates in Chennai were recorded at Rs 102.63 per litre.

In the international scenario, Brent stood at $86.39 per barrel, up by 2.24% and West Texas Intermediate (WTI) at $79.72 per barrel, up by 2.13%.

The oil prices in India have remained flat for a long time irrespective of the movement of crude in the international markets. India is purchasing crude from Russia despite the Western country's sanctions on Moscow.

The oil prices are witnessing rampant growth over the last few days and for the week, the crude benchmark reported 8% growth. On Friday, crude prices gained 2% after Russia announced its plans to cut down production beginning from March 2023.

Russia’s Deputy Prime Minister – Alexander Novak said that the country plans to cut down its crude oil production in March by 500,000 barrels per day (bpd). This will account for around 5% of the output.

The shortage of supply in the oil markets has bolstered fuel prices to shoot up in the global markets.

11 February 2023
Petrol rate in Chennai

Chennai is one of the biggest metropolitan city of India. The petrol rate in Chennai remained unchanged today due to the ongoing elections in India which are going to be held in the city tomorrow. From the international business news, petrol rate in Chennai was spotted at Rs 75.69/- per litre. From the last 10 days, petrol rates in Chennai have been moving in a very narrow band.

The fuel rates in Chennai mainly depend on how international prices of crude oil move. It is largely linked to international crude prices, which trade abroad. International Brent crude oil futures were trading at USD 71.93 per barrel, up by 21 cents or 0.3 per cent from their last close. Indian crude basket determines the price of petrol in Chennai. In the international oil market, crude prices went up, backed by worries over tightening global supply because of US curbs against Iran and Venezuela.

17 April 2019
Petrol price in Chennai rises slightly

Petrol price in Chennai today was increased to Rs 75.62 per litre. The rise in fuel rates was seen despite a fall in international rates. The prices of Oil eased by 1 percent from their 2019 highs after the attention has now shifted to the lack of progress in the US and China talks. To pile on to the fears of the global economic slowdown was the release of grim manufacturing data from Germany and the US. Slower growth in the world economy is bad for oil demand, thus pushing its prices lower. Benchmark Brent crude futures fell by 1.3 percent to $66.96 a barrel. The contract hit a four-month high of $68.69 on Thursday. Supply cuts from the OPEC and its allies have caused oil prices to increase by as much as 20 percent from January. PMI data released in Germany and France further disappointed traders as the slowdown concerns have moved to all the major parts of the world.

23 March 2019
Petrol price in Chennai hiked

Petrol price in Chennai today was increased to Rs 75.57 per litre even as international rates fell and the rupee strengthened. While the Indian rupee turned tables from being the worst performing currency in Asia to the best, the international benchmark for crude oil Brent fell by 14 cents from its last close to $67.72 a barrel. US West Texas Intermediate (WTI) futures were down by 14 cents to $59.84 per barrel. The hike in petrol price in Chennai today appears to be a result of the rise in the benchmarks in the previous trading day. Crude rates are mixed for the moment with factors like the OPEC production cuts and concerns of a slowdown in economic growth have been balancing the price both ways. In a previous session this week Brent hit its four-month high, however, data suggests that economic activity has slowed down in Europe, Asia, and North America.

22 March 2019
Petrol price in Chennai cut

Petrol price in Chennai today was reduced by 7 paise to Rs 75.52 per litre. The fuel's rates were reduced despite an increase in international rates to their 2019 highs. Supported by the tightening of US stocks and reduced output from OPEC due to scheduled cuts and sanctions on Venezuela and Iran has pushed the oil rates higher. Benchmark Brent crude oil futures were up by 5 cents to $68.55 a barrel while the US West Texas Intermediate was down by 13 cents to $60.10 per barrel. India imports crude oil from the USA as well as the Middle East. Apart from the global rate of crude, the foreign exchange rate also impacts the price at which fuel is sold in India. With rupee sailing strong for nearly two weeks, it is likely that the fall in petrol price in Chennai today was a result of it.

21 March 2019
Petrol price in Chennai remains stable

Petrol price in Chennai today was unchanged at Rs 75.60 per litre on firm global cues. The international oil prices climbed marginally from supply cuts from the OPEC and US sanctions on Venezuelan and Iranian exports. The climb was curbed by the concerns of an economic slowdown around the globe. Benchmark Brent crude oil futures rose by 18 cents or 0.3 percent to $67.79 a barrel when compared to their last close. US WTI increased marginally by 6 cents to $ 59.09 per barrel. The global rates have increased by almost a third in 2019 mainly due to OPEC's decision to withhold around 1.2 million barrels per day. Analysts are expecting the prices to curb down from the suspected global economic slowdown. On Wednesday, a Thomson Reuters/INSEAD survey found that Asian business confidence held near three-year lows in the first quarter from the US-China trade dispute that was dragged on.

20 March 2019
Petrol price in Chennai unchanged

Petrol price in Chennai today remained at Rs 75.60 per litre as international oil prices slipped from their four-month highs on Tuesday, but still hovered near their 2019 peaks as supply cuts led by producer club OPEC remain. Sanctions against oil producers Iran and Venezuela from the US are also adding pressure to the crude prices. Traders feel that the market may be being capped by the rising American output. Global benchmark Brent crude oil futures were was down by 4 cents at $67.50 per barrel. Earlier today it rose to a four-month high of $68.20 a barrel. US West Texas Intermediate (WTI) futures for April delivery dropped 25 cents to $58.84 per barrel, after hitting an intraday peak at $59.57, its highest level since 12 November. Petrol price in Chennai is set based on the average of the fuel prices for 15 days and the exchange rate of the rupee. The Indian rupee rose for the seventh straight trading session today.

19 March 2019
Petrol price in Chennai edges up

Petrol price in Chennai today was increased by 7 paise to Rs 75.59 per litre. The retail prices of fuel were raised across Indian cities despite a fall in crude prices internationally. In the global markets, benchmark Brent fell by 26 cents to $ 66.90 a barrel from concerns of an economic slowdown that could possibly dent demand for fuel and despite the possibility of prolonged OPEC-led oil supply curbs. After a report said the OPEC's panel meeting on Monday to review progress with an OPEC-led supply cut deal is recommending the producers cancel a policy meeting that was scheduled for April, caused the prices to go lower. While Saudi Arabia, OPEC's de-facto leader has been cutting output by more than the amount it is required to and after canceling the April meeting, it is suggesting its unwillingness by other OPEC and non-OPEC producers to do anything to stop prices from rising. However, the increase in oil outputs from the United States has helped to offset the supply cuts.

18 March 2019

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