Moneycontrol PRO
you are here: HomeNewsPetrol
petrol

Petrol is a transparent, petroleum‑derived flammable liquid that is used primarily as a fuel in most spark-ignited internal combustion engines. It is one of the main products, which is consumed heavily worldwide to fuel vehicles – the other is diesel. A derivative product of crude oil or petroleum, it is derived during the fractional distillation process. Although, its primary use is to fuel motor vehicles, it is not used for this purpose in its crude form. To use it as fuel for passenger vehicles, different additives are added to it like ethanol. Petrol price differs in every part of the world. A major driver of petrol prices is crude oil prices, which is one of the most important macroeconomic indicators for the world. In India, petrol prices differ from state to state depending on the incidence of local taxes such as value-added tax (VAT) and freight charges. Currently, the petrol price in the country has not changed for over 100 days – the longest freeze in the price since daily fuel price revision was adopted in June 2017 -- which comes during the assembly elections in states like Uttar Pradesh and Punjab. Prior to this, the second-longest pause of 82 days was between March 17, 2020, and June 6, 2020. More

Jump to
  • Fuel Prices on June 25: Check petrol, diesel rates in Delhi, Mumbai, and other cities Jun 25, 2022 09:28 AM IST

    Fuel Prices on June 25: Check petrol, diesel rates in Delhi, Mumbai, and other cities

    In Mumbai, petrol is selling at Rs 111.35 and diesel at Rs 97.28

  • ONGC Videsh announces new oil discovery in Colombia Jun 23, 2022 07:24 PM IST

    ONGC Videsh announces new oil discovery in Colombia

    ONGC Videsh had earlier discovered oil in Mariposa and Indico fields in the years 2017 and 2018, respectively.

  • Fuel Prices on June 19: Check petrol, diesel rates in Delhi, Mumbai, and other cities Jun 19, 2022 09:14 AM IST

    Fuel Prices on June 19: Check petrol, diesel rates in Delhi, Mumbai, and other cities

    In Mumbai, a litre of petrol costs Rs 111.35 and diesel Rs 97.28

  • Fuel Prices on June 18: Check petrol, diesel rates in Delhi, Mumbai, and other cities Jun 18, 2022 11:41 AM IST

    Fuel Prices on June 18: Check petrol, diesel rates in Delhi, Mumbai, and other cities

    In Mumbai, one litre of petrol costs R s 111.35 and diesel Rs 97.28

  • Govt includes fuel retail outlets in remote areas under Universal Service Obligation to ensure uninterrupted supply Jun 17, 2022 02:43 PM IST

    Govt includes fuel retail outlets in remote areas under Universal Service Obligation to ensure uninterrupted supply

    The Universal Service Obligation will make it obligatory for OMCs to provide supply to retail pumps across the country for the benefit of the end-customers.

  • Fuel Prices on June 16: Check petrol, diesel rates in Delhi, Mumbai, and other cities Jun 16, 2022 08:03 AM IST

    Fuel Prices on June 16: Check petrol, diesel rates in Delhi, Mumbai, and other cities

    Petrol in Delhi costs Rs 96.72 a litre while diesel costs Rs 89.62 a litre

  • Petrol pumps in hinterland go dry, govt says sufficient supplies to meet demand Jun 15, 2022 08:16 PM IST

    Petrol pumps in hinterland go dry, govt says sufficient supplies to meet demand

    Some petrol pumps in states like Madhya Pradesh, Rajasthan, and Karnataka have run dry as a result of a sudden surge in demand at PSU outlets, which followed a curtailment of operations by private fuel retailers to stem heavy losses.

  • Petrol, diesel sales jump in June Jun 15, 2022 03:45 PM IST

    Petrol, diesel sales jump in June

    India's petrol consumption increased by 54% and diesel consumption increased by 48% in the first fortnight of June compared to the same period a year ago, indicating continued demand recovery from a low base in 2021.

  • Indian crude oil basket hits 10-year high; petrol, diesel prices unchanged Jun 10, 2022 02:40 PM IST

    Indian crude oil basket hits 10-year high; petrol, diesel prices unchanged

    The Indian basket on June 9 touched USD 121.28, matching levels seen in February/March 2012, according to data available from the oil ministry's Petroleum Planning and Analysis Cell (PPAC).

  • OMCs up ethanol procurement price as part of 6-months relief package Jun 10, 2022 12:50 PM IST

    OMCs up ethanol procurement price as part of 6-months relief package

    There is no change in the basic price of ethanol from the different feedstock and the vendors have to maintain the prevailing rates in the invoices.

  • Fuel prices on June 10: Check petrol, diesel rates in Delhi, Mumbai and other cities Jun 10, 2022 07:50 AM IST

    Fuel prices on June 10: Check petrol, diesel rates in Delhi, Mumbai and other cities

    In Mumbai, one litre of petrol costs Rs 111.35 and diesel Rs 97.28. In Chennai, petrol and diesel prices are Rs 102.63 and Rs 94.24 per litre, respectively. In Kolkata, petrol is Rs 106.03, and diesel is Rs 92.76 per litre.

  • Fuel Prices on June 9: Check petrol, diesel rates in Delhi, Mumbai, and other cities Jun 09, 2022 07:21 AM IST

    Fuel Prices on June 9: Check petrol, diesel rates in Delhi, Mumbai, and other cities

    In Mumbai, one litre of petrol costs Rs 111.35 and diesel Rs 97.28. In Chennai, petrol and diesel prices are Rs 102.63 and Rs 94.24 per litre, respectively. In Kolkata, petrol is Rs 106.03, and diesel is Rs 92.76 per litre.

  • Use of 10% ethanol-blended petrol saved over Rs 41,000 crore forex: Environment Minister Jun 08, 2022 06:05 PM IST

    Use of 10% ethanol-blended petrol saved over Rs 41,000 crore forex: Environment Minister

    The use of 10% ethanol-blended gasoline has saved the country about Rs 41,000 crore in foreign cash, according to Ashwini Kumar Choubey, minister of state for environment, forest and climate change.

  • After beating 10% ethanol blending target, India hopes some pumps will sell 20% blended fuel ahead of target Jun 06, 2022 06:53 PM IST

    After beating 10% ethanol blending target, India hopes some pumps will sell 20% blended fuel ahead of target

    Union minister for petroleum and natural gas Hardeep Singh Puri said on June 6 that some petrol pumps in the country may be able to sell 20% ethanol blended petrol ahead of the April 2023 target.

  • Oil: OPEC production increase is too little, too late Jun 06, 2022 10:14 AM IST

    Oil: OPEC production increase is too little, too late

    With crude oil at $120, retail petrol and diesel prices have under-recoveries of Rs 14 & Rs 24 per litre, respectively

  • UAE hikes fuel prices for June, petrol up over 13% Jun 01, 2022 05:04 PM IST

    UAE hikes fuel prices for June, petrol up over 13%

    The price of a litre of diesel has been raised 1.5 percent and the fuel nows costs Dh4.14, up from Dh4.08 in May

  • ONGC sees oil production rising 11%, gas jumping 25% by FY25 May 31, 2022 04:17 PM IST

    ONGC sees oil production rising 11%, gas jumping 25% by FY25

    After additional discoveries in the western and eastern offshore began producing, ONGC claimed its crude oil production would grow 11% and natural gas output will jump 25%, reversing a downward trend in recent years.

  • Sri Lankan woman rickshaw driver has to queue 12 hours, or more, for fuel May 31, 2022 09:53 AM IST

    Sri Lankan woman rickshaw driver has to queue 12 hours, or more, for fuel

    The driver of an auto-rickshaw on the outskirts of the commercial capital Colombo, she keeps a close eye on the petrol gauge of her sky-blue three-wheeler before accepting a job to make sure she has enough fuel.

  • States can reduce fuel prices further, excise duty cut to ease inflation by 35-40 bps: SBI Research May 30, 2022 11:32 AM IST

    States can reduce fuel prices further, excise duty cut to ease inflation by 35-40 bps: SBI Research

    The SBI report noted that recent measures by the government would ease inflation by 35-40 bps.

  • Fuel Prices on May 30: Check petrol, diesel rates in Mumbai, Delhi and other cities May 30, 2022 07:47 AM IST

    Fuel Prices on May 30: Check petrol, diesel rates in Mumbai, Delhi and other cities

    Petrol in Delhi now costs Rs 96.72 a litre as against Rs 105.41 earlier while diesel costs Rs 89.62 a litre as opposed to Rs 96.67 before.

  • Fuel Prices on May 29: Check petrol, diesel rates in Mumbai, Delhi and other cities May 29, 2022 08:40 AM IST

    Fuel Prices on May 29: Check petrol, diesel rates in Mumbai, Delhi and other cities

    Petrol in Delhi now costs Rs 96.72 a litre as against Rs 105.41 earlier while diesel costs Rs 89.62 a litre as opposed to Rs 96.67 before.

  • Petrol dealers' association asks members to defer protests after meeting petroleum ministry officials May 27, 2022 03:42 PM IST

    Petrol dealers' association asks members to defer protests after meeting petroleum ministry officials

    AIPDA, which represents 22 state fuel dealers associations in India, met petroleum ministry officials, who assured them that their demand will be fast-tracked and that the centre will set up a meeting between fuel dealers and oil marketing companies.

  • Fuel Prices on May 27: Check petrol, diesel rates in Mumbai, Delhi and other cities May 27, 2022 08:14 AM IST

    Fuel Prices on May 27: Check petrol, diesel rates in Mumbai, Delhi and other cities

    The excise sop translated into a reduction of Rs 9.5 a litre on petrol in Delhi and Rs 7 a litre in diesel after taking into account its impact on other levies

  • Pakistan hikes prices of petroleum products by Rs 30 per litre May 27, 2022 06:48 AM IST

    Pakistan hikes prices of petroleum products by Rs 30 per litre

    After the increase, the price of petrol will be at Rs 179.85, diesel at Rs 174.15, kerosene at Rs 155.95 and light diesel at Rs 148.41.

  • Sri Lanka hikes fuel prices; petrol at all-time high of Rs 420, diesel Rs 400 per litre May 24, 2022 09:44 AM IST

    Sri Lanka hikes fuel prices; petrol at all-time high of Rs 420, diesel Rs 400 per litre

    With the second fuel price hike since April 19, now the most-used Octane 92 petrol would cost 420 rupees (USD 1.17) and diesel 400 rupees (USD 1.11) a liter, an all-time high.

Sections
ISO 27001 - BSI Assurance Mark