Last updated on 28 March 5.00 PM
Petrol Price in Chennai
Petrol price in Chennai today is ₹100.84 per litre, while diesel is ₹92.39 per litre. Fuel prices are updated daily based on global crude oil prices and exchange rate fluctuations.
How Petrol Price Is Calculated in India
Petrol prices in India are determined using a dynamic fuel pricing system, which means the price is revised daily based on several factors. Oil marketing companies such as Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum calculate petrol prices every day at 6 AM.
The petrol price you pay in cities like Chennai includes several components:
1. Crude Oil Price
The base price of petrol depends mainly on global crude oil prices. India imports a large portion of its crude oil, so international market changes directly affect fuel prices.
2. Refining Cost
Crude oil is refined into petrol in refineries. The cost of refining and processing is included in the final price.
3. Central Government Excise Duty
The central government adds an excise duty on petrol. This tax forms a significant portion of the retail fuel price.
4. State Government VAT
Each state government charges Value Added Tax (VAT). This is why petrol prices vary from state to state.
5. Dealer Commission
Petrol pump dealers receive a commission for selling fuel. This small amount is also included in the final price per litre.
Because of these components, petrol prices differ in every city across India.
How to Check Petrol Price on Mobile
You can easily check the latest petrol price in your city using your mobile phone through SMS or mobile apps.
1. Check Petrol Price via SMS
Oil companies provide an SMS service to get the latest fuel prices.
For example:
- For Indian Oil Corporation
Send SMS:
RSP <Dealer Code> to 9224992249 - For Bharat Petroleum
Send SMS:
RSP <Dealer Code> to 9223112222 - For Hindustan Petroleum
Send SMS:
HPPRICE <Dealer Code> to 9222201122
After sending the SMS, you will receive the latest petrol and diesel price in your area.
2. Check Petrol Price Using Mobile Apps
You can also check daily fuel prices through official apps.
Popular apps include:
- IndianOil ONE
- BPCL SmartDrive
- HP Pay
These apps show live petrol prices, nearby fuel stations, and payment options.
Why Petrol Prices Go Up and Down
Petrol prices change frequently because they depend on several economic and global factors.
1. International Crude Oil Prices
If global crude oil prices increase, petrol prices in India usually rise as well.
2. Rupee vs US Dollar Exchange Rate
Since India imports crude oil in US dollars, a weaker rupee makes fuel imports more expensive.
3. Government Taxes
Changes in central or state taxes can increase or decrease petrol prices.
4. Demand and Supply
Higher demand for fuel, especially during travel seasons or economic growth, can push prices upward.
5. Global Events
Wars, geopolitical tensions, and supply disruptions in oil-producing countries can affect global oil supply and fuel prices.
Why Petrol Prices Are Different in Every City
Petrol prices are not the same across India because each state government charges different VAT rates. Transportation costs and local taxes also influence the final price.
For example, petrol prices in Chennai may differ from prices in Bengaluru or Mumbai due to variations in state taxes.