Today's Petrol Price/Rate in Bangalore

Bangalore is the capital city of the state of Karnataka. With more than 8 million people residing in the city, it is the third most populous city and fifth most populous urban agglomeration in India.

Find the todays petrol price in Bangalore and factors affecting petrol prices in India. The below petrol price trend in Bangalore offers insights such as the highest and lowest petrol prices recorded during a month.

Petrol Price in Bangalore Compared to Other Metro Cities

Compared to other five metro cities in India including Mumbai, Kolkata, Delhi, Chennai and Hyderabad, the petrol price in Bengaluru is the fifth highest followed by Delhi, which is offering it at the lowest price of Rs.70.64 per litre against Bengaluru's price of Rs.72.91, as on 20 January 2019.

Mumbai tops the list by offering a litre of petrol at Rs.76.22, followed by Hyderabad (Rs.74.89 per litre), Chennai (Rs.73.27 per litre) and Kolkata (Rs.72.69 per litre).

How Often Petrol Prices are Revised in Bangalore?

Starting 16 June 2017, petrol prices in Bangalore and other cities in India are being revised on a daily basis with the introduction of dynamic fuel pricing, which is also known as daily revision of fuel prices.

The decision of daily revision of petrol prices, which were revised every 15 days earlier, has been taken to pass even the minute change in the international crude oil prices to the end consumer.

According to the new revision regime, petrol prices will be updated by 6a.m every day at all the petrol pumps in Bangalore.

Consumers can get the prices through mobile apps of respective oil companies and also by visiting their respective websites.

Factors Affecting Petrol Rate in Bengaluru:

Petrol pricing is composed of various elements including the international crude oil price, freight charges, refining charges, oil marketing company's profit margins, dealer's commission, state and central taxes and other charges such as pollution cess and the pump maintenance charges.

While most of the elements remain the same from the city to city, one major factor that significantly impacts the petrol price in Bangalore or any other India city is the value added tax (VAT) levied by the state government.

In case of Bengaluru, it is the VAT levied by Karnataka government on petroleum products that brings difference in its price.

The price of petrol also varies from one fuel company to another. The rate offered by IOC is different from the rate offered by BP and HP petrol pumps.

Other factors that bring marginal changes in the petrol rate are dealer's commission and petrol pump maintenance charges, which are different for different pumps across the city.

State Taxes and Petrol Price in Bangalore

The state of Karnataka levies only value added tax (VAT) on petroleum products unlike some other Indian states which also charge entry tax on petrol. The Karnataka government abolished 5% entry tax, payable by the dealer, on fuel on 29 June 2017, making petrol cheaper in the state compared to other southern states.

The government charges 32% VAT on Petrol, the cheapest among the south Indian states. The highest is charged by the Tamil Nadu government at 34%.

Effect of GST on Bangalore Petrol Price

Currently all the petroleum products are kept outside the purview of GST (goods and services tax), hence there was zero impact of GST on the petrol rate in Bangalore, similar to that of other cities.

If petroleum products are brought under GST, the petrol price in Bangalore is expected to come down as the highest tax bracket under GST is 28%, whereas the current VAT and excise duty on petrol is more than 30%.

Petrol Rate versus Diesel Rate in Bangalore

Diesel compared to petrol is the cheapest fuel mostly used in four wheelers and other transportation vehicles. The price variation between petrol and diesel is mainly due to the different state and central taxes levied on both the commodities.

Compared to petrol, the state and central taxes are a little lesser on diesel, leading to less selling price of diesel compared to petrol.

While the central excise tax on petrol is Rs.17.98 per litre, it is Rs.13.83 on a litre of diesel. Similarly, VAT charged by Karnataka government on petrol is 32% per litre, while it is 21% on diesel. The change in the tax rate makes diesel Rs. 12-13/Lt cheaper than petrol in Bangalore.