Lucknow Petrol Price Today

Petrol Price in Lucknow Today

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Petrol Price in Lucknow

The bustling city of Lucknow is the capital as well as the largest city of Uttar Pradesh. Here is everything you need to know about the petrol price in Lucknow today and the different factors that determine and impact the cost of petrol in Lucknow.

Petrol Rate Today in Lucknow

₹ 95.26

Current Petrol Price per Litre

What are the Factors Determining the Current Petrol Price in Lucknow?

In Lucknow, the petrol price is calculated by considering several factors.

  1. The first is crude oil, the primary raw material for petrol, which is bought from overseas oil companies. Any changes in the global supply or demand alter the price of oil.

  2. Second is the Indian Rupee to US Dollar exchange ratio. As oil is bought using the US Dollar, the latest currency exchange rate plays a crucial role in deciding the final purchase price.

  3. Once the oil has been bought, domestic oil marketing companies (OMC) add the costs of refining and transporting the oil to the dealers.

  4. At the last stage, the dealer adds the commission and the applicable taxes on petrol in Lucknow. These taxes include the Central excise duty and Cess, and the VAT (Value-Added Tax) levied by the Uttar Pradesh (UP) state government.

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 and browse the best card options on Finserv MARKETS and apply for a credit card, today!

How Often is the Petrol Price in Lucknow Revised?

To improve transparency and align customers with the constantly fluctuating oil prices, the concept of dynamic fuel pricing was introduced in the country in 2017. Since then, the petrol price in Lucknow is revised every day at 06 AM. As a result, the petrol price in Lucknow today may be different from that of yesterday. To know the latest petrol price in Lucknow, you can check the display boards of fuel stations or visit the websites and apps of popular oil companies.

What is Meant by Dynamic Fuel Pricing?

The concept of dynamic fuel pricing is designed to free petrol from the influences of politics, as well as reduce the financial burden on oil marketing companies and dealers. Under this scheme, the market trends, i.e., the fall and rise in petrol price is immediately transferred to the end-users, unlike earlier when it was done on a fortnightly basis. As a result, it helps ensure consistency in price by syncing consumers with the global fuel market more regularly.

What was the Petrol Rate in Lucknow Before Dynamic Fuel Pricing?

Before the introduction of dynamic fuel pricing, the price of petrol would remain more or less steady throughout the month. This is because the price revision was done only twice- the first and sixteenth day of the month. For example, if the petrol price in Lucknow on the first day of February was ₹70.35, it would remain the same for the next fourteen days, irrespective of the actual price fluctuations in the global market. On the sixteenth day, the 1-litre petrol price in Lucknow would be revised again. If at this time, the petrol price increased to ₹71.22, it would then remain the same for the rest of the month, irrespective if the global fuel prices rose/ fell the next day.

What is the Impact of GST on Petrol Price in Lucknow?

While GST (Goods and Services Tax) is levied on most items, it does not form a part of the petrol price structure. As a result, any changes in the GST system does not impact petrol prices in Lucknow.

How to Check the Latest Petrol Price in Lucknow?

As the price of petrol in Lucknow varies every day, it is a good practice to check it regularly. There are three ways to do so:

1)  Check Lucknow Petrol Rate via OMC Website-

To check the petrol rate in Lucknow today, you can visit the websites mentioned below.

Oil Company

Website

Tab to Click on Homepage

Hindustan Petroleum

www.hindustanpetroleum.com

Pump Locator

Bharat Petroleum

www.bharatpetroleum.in

Pump Locator

Indian Oil

www.iocl.com

Pump Locator

2)  Check Petrol Price Today in Lucknow via SMS

You can check the petrol cost in Lucknow via SMS. The details are mentioned below:

Oil Company

Code to Type in Text Message

Number to Send SMS to

Hindustan Petroleum

HPPRICE DEALER CODE

92222 01122

Bharat Petroleum

RSP DEALER CODE

92231 12222

Indian Oil

RSP DEALER CODE

92249 92249

3)  Check 1-litre Petrol Price in Lucknow via Mobile App

To check petrol price in Lucknow yesterday or today, you can use any of the popular apps mentioned below:

Oil Company

Mobile App

Hindustan Petroleum

MyHPCL Mini

Bharat Petroleum

SmartDrive

Indian Oil

Fuel@IOC

You can also check the updated price on the Finserv MARKETS website/ app.

What are the Top Fuel Credit Cards?

Bank

Credit Card

Credit Card Benefits

State Bank of India

SBI BPCL Credit Card

4.25% Value Back on fuel purchases at BPCL Petrol Pumps

State Bank of India

SBI BPCL Octane Credit Card

7.25% Value Back on fuel purchases at BPCL Petrol Pumps

Axis Bank

Axis INDIAN OIL Credit Card

4% Value Back on fuel purchases at Indian Oil Petrol Pumps

Citibank

Citi Indian Oil Credit Card

1% fuel surcharge reversal at Indian Oil Petrol Pumps

FAQs Related to Petrol Price in Lucknow

  • ✔️Who decides the petrol price in Lucknow?

    When it comes to petrol prices in Lucknow, it is calculated after considering the cost of crude oil, the exchange rate of Indian rupee to US dollar, charges imposed by oil marketing companies (OMCs), dealer’s commission, Central excise duty, and Value-Added Tax (VAT).

  • ✔️How far can you go on 1 litre of petrol?

    The distance you can cover on one litre of petrol depends on the fuel efficiency of your vehicle.

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