Petrol Price in Pune Today

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Petrol Rates in Pune

The busy city of Pune has a dense network of roads and a sprawling urban population. As a result, the demand for petrol among the masses is significant. As the cost of fuel is ever-increasing, owing to the global and local parameters at play, it is critical that you check petrol prices regularly. Read on to know about the petrol price in Pune today (live) as well as the different factors that determine and impact it.

Today's Petrol Price in Pune

₹ 109.5

Current Petrol Price per Litre

Factors Determining the Petrol per Litre Price in Pune

In Pune, the petrol rate is calculated based on several determining factors. These are listed below:

1) Crude Oil Price

The fluctuations in the cost of crude oil in the global market impacts the petrol cost in Pune. The demand-supply ratio and the geopolitical climate are two major factors impacting it. The higher the cost of crude oil, the higher the petrol cost in Pune.

2) Indian Rupee to US Dollar Exchange Rate

The rate at which fuel is purchased plays a critical role in the final price of petrol in Pune. If the US Dollar becomes costlier, it drives up the price you have to pay for petrol.

3) OMC Charges

Once the oil has been imported from the fuel reserves abroad, the oil marketing companies (OMCs) add the cost of refining and transporting the petrol along with their profit margin.

4) Taxes and Other Charges

This refined petrol is bought by the dealers who add their commission along with the applicable taxes. There are two taxes levied on the petrol price in Pune. One is the Central excise duty (plus cess), while the other is the state government’s VAT (value-added tax). The final petrol cost in Pune is a combination of all the above-mentioned costs.

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 Pune Revised?

In accordance with the dynamic fuel pricing policy, the petrol price in Pune is revised every day at 06 AM. As a result, the petrol price in Pune today can be different from that of yesterday. You can find the updated price of petrol on the display boards of fuel stations as well as on the websites and apps of oil companies.

How Does Dynamic Fuel Pricing Affect Petrol Rate in Pune?

Before 2017, 1-litre petrol price in Pune was revised on a fortnightly basis, i.e., the first and the sixteenth of every month. As a result, any changes in the price between the two dates had to be borne by the OMCs and the dealers. Also due to political influences, the price could not be increased drastically by the OMCs in one go even if the global fuel rates shot up. To combat this the Dynamic Fuel Pricing policy was introduced. The policy allowed OMCs and dealers to pass on the exact cost of petrol on a specific day directly to the consumers. This heavily reduced the pressure on the OMCs while ensuring the petrol price in Pune on a given day was in sync with the global price of petrol.

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

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, GST does not impact the petrol price in Pune.

How to Check Petrol Rate in Pune Today?

You can easily check the current petrol price in Pune today as well as the petrol price in Pune yesterday using any of the channels mentioned below. Alternatively, you can also view the updated petrol cost in Pune on the Finserv MARKETS website and app:

Oil Company

SMS Code

Website

Mobile App

Hindustan Petroleum

“HPPRICE DEALER CODE” to 92222 01122

www.hindustanpetroleum.com

(Click on Pump Locator)

MyHPCL Mini

Bharat Petroleum

“RSP DEALER CODE” to 92231 12222

www.bharatpetroleum.in

(Click on Pump Locator)

SmartDrive

Indian Oil

“RSP DEALER CODE” to 92249 92249

www.iocl.com

(Click on Pump Locator)

Fuel@IOC

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 on Petrol Rates in Pune

  • ✔️Who decides the petrol price in Pune?

     The petrol price in Pune is calculated by taking into consideration 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 plus cess, 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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