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Today Petrol Rate in Bangalore

Here is everything you need to know about the petrol price in Bangalore today. We have also explored the different factors that determine and impact the cost as well as highlighted the trend of petrol price in Bangalore.

Petrol Price Today (₹) in Bengaluru

₹ 100.56

Current Petrol Price per Litre

Factors Determining the Price of Petrol in Bangalore

When it comes to deciding the petrol price in Bangalore today, there are several factors at play. Firstly, the price of crude oil is variable, as is the currency exchange ratio of Rupee to US Dollar. Post the purchase of crude oil, oil marketing companies (OMCs) add several other charges. These include the charges of importing, freight charges, customer duties, cost of refining, transfer cost, etc. Once the dealers buy the oil, the central and state taxes, along with the dealer’s commission, get added. While the tax levied by the central government is uniform for all the states, the Value-Added Tax (VAT) levied by the state varies. In 2020, the VAT charged on petrol by the Karnataka state government was raised from 32 percent to a high of 35 per cent.

Luckily, you can continue to save on petroleum purchases irrespective of the fluctuations in global fuel prices. All you need is a credit card! Yes. It is true! With the right credit card, you can enjoy a fuel surcharge waiver every time you buy petrol at partner fuel stations in the country. So, go ahead browse the best card options on Finserv MARKETS and apply for credit card for yourself, today!

How Often is the Live Petrol Price in Bangalore Revised?

Petrol price in Bangalore tomorrow may be different from the current petrol price in the city. This is because Bangalore, like all other cities of India, revises the cost of petrol every day. This is as per the June 2017 policy of dynamic fuel pricing. The dealers across the city update the prices at 6 AM, when the oil marketing companies notify them of the same. If you are unsure what the petrol price in Bangalore is, you can simply visit your nearby fuel station and see it displayed on the board. You can also check the present petrol price in Bangalore on the websites and apps of the different oil companies selling automotive fuel.

Impact of GST on Petrol Charges in Bangalore

While GST (Goods and Services Tax), which was introduced in July 2017, is applicable on most goods and services, fuel is out of its purview. As a result, GST charges do not have a role to play when deciding what the current petrol rate in Bangalore is.

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Frequently Asked Questions

  • ✔️Who decides the petrol price in Bangalore?

    When you look at the present petrol rate in Bangalore, it is important to remember that the cost of crude oil is not the only component deciding the price. In fact, there are many charges added to the final retail price that you pay. These include the present-day Rupee to US Dollar currency exchange ratio, the charges levied by the oil marketing companies, profit margin imposed by the dealers, and the taxes imposed by the central and state government.

  • ✔️What was the highest petrol price in Bangalore in 2020?

    The highest petrol price in Bangalore in the year 2020 was in the month of December when it reached a record high of ₹77.69 per litre.

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