Petrol and Diesel Price in Madhya Pradesh

Petrol Price in Madhya Pradesh are Volatile. Check Latest Petrol and Diesel Price in Madhya Pradesh Below!
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City

Petrol

Diesel

Agar
107.650
92.930
Alirajpur
108.390
93.610
Anupur
109.190
94.360
Ashoknagar
107.050
92.360
Badwani
108.090
93.360
Balaghat
109.060
94.230
Betul
107.650
92.940
Bhind
106.910
92.250
Bhopal
106.470
91.840
Burhanpur
108.310
93.550
Chhatarpur
107.370
92.660
Chhindware
107.660
92.960
Damoh
107.040
92.390
Datia
107.110
92.430
Dewas
106.920
92.280
Dhar
108.270
93.510
Dindori
108.10
93.360
Guna
107.410
92.690
Gwalior
106.40
91.780
Harda
106.670
92.030
Hoshangabad
106.190
91.590
Indore
106.50
91.890
Jabalpur
106.760
92.130
Jahbua
107.280
92.590
Katni
108.110
93.370
Khandwa
108.320
93.560
Khargone
107.380
92.70
Mandla
107.030
92.380
Mandsaur
107.280
92.590
Morena
106.340
91.720
Narsimhapur
106.480
91.870
Neemach
107.730
93.010
Niwari
107.850
93.090
Panna
108.310
93.530
Raisen
106.710
92.070
Rajgarh
106.760
92.110
Ratlam
106.580
91.960
Rewa
109.80
94.920
Sagar
106.610
91.970
Satna
108.850
94.050
Sehore
106.680
92.030
Seoni
107.740
93.030
Shahdol
109.160
94.330
Shajapur
107.490
92.80
Sheopur
108.820
940
Shivpuri
107.890
93.150
Sidhi
107.730
93.040
Singrauli
106.690
92.090
Tikamgarh
107.290
92.580
Ujjain
107.060
92.40
Umaria
108.310
93.550
Vidisha
106.890
92.220
Agar Malwa
107.650
92.930

Today Petrol Price in Madhya Pradesh is INR 107.51 per liter and Diesel Price in Madhya Pradesh today stand at INR 92.81 per liter.

M Web Banner for PPL Madhya Pradesh's strategic connectivity and seamless supply-chain management make it an emerging automobile and ancillary hub of India. With the growing automobile industry in Madhya Pradesh, the vehicle population in the state has also increased. Increased cars and bikes and the overall petrol demand have skyrocketed amid the growing petrol price in Madhya Pradesh.

The Indian rupee devaluing against the American dollar and global oil supply cuts are also cascading on the increasing fuel demands, meaning increased price fluctuations of petrol prices all over India. So, staying informed on petrol and diesel prices in Madhya Pradesh is a must to plan out your monthly transportation cost.

Petrol price in Madhya Pradesh

Today's Petrol Price in Madhya Pradesh is INR 107.51 per liter.

Petrol Price in Madhya Pradesh has seen a lot of fluctuations across its districts and major cities. The petrol price in Madhya Pradesh moves between INR 106.19 to INR 109.8 per litre.

Diesel price in Madhya Pradesh

The Diesel Price in Madhya Pradesh Stand at INR 92.81 per liter.

Similar to the fluctuating price trends shown in petrol, the diesel price in Madhya Pradesh has also seen a lot of fluctuations across its districts and major cities. The diesel price in Madhya Pradesh fluctuates between INR 106.19 and INR 109.8 per litre.

Factors Affecting Petrol Prices in Madhya Pradesh

Many factors affect petrol prices across India. Soaring crude oil demand in India is projected to increase by 7.7% in 2022. So, some significant factors affecting petrol prices in India indirectly affect Madhya Pradesh.

  • The OPEC countries greatly influence the cost of crude oil in the International market. Their monopoly on 40% of global crude oil affects their prices. The recent announcement of 2 million BPD (barrels per day) cuts will increase oil prices in India.

  • The oil corporations buy crude oil and sell it to their dealers. The price can vary since it includes the underlying cost of refining cost, freight charges, etc.

  • The Central Government also imposes excise duty, and the value-added tax (VAT) imposed, varying from state to state. Hence the petrol price in Madhya Pradesh will differ from other states.

  • Supply chain fluctuations cause the prices to go up and down. Increases or decreases in demand for fuel cause fuel prices to soar or remain constant.

Why are petrol prices fluctuating so quickly?

One of the biggest reasons for fuel price volatility is the worldwide geopolitical scenario.

  • Russia - Ukraine War: Russia is a big-time oil supplier to major global corporations. However, Russia's involvement in the Russian-Ukraine War has caused global turmoil, and the United Nations has imposed trade sanctions on Russia. Moreover, cutting bilateral ties with countries that once imported oil from Russia has caused a dip in the oil supply chain, thereby increasing the prices.

  • Global Oil Cuts: However, that is not the only reason for soaring fuel prices. In a significant setback, OPEC countries' recent announcement of international fuel supply cuts has significantly impacted the fuel supply chain, disrupting the normal import and export of crude oil. The demand is ever-increasing, which has increased global crude oil prices, and the stakeholders are finding ways to resolve this situation.

  • Inflation: The inflation and rise in global crude oil prices, along with central and state government taxes, have a collective cascading effect in increasing the overall petrol and diesel prices globally. Once the crude oil is imported, taxes and commissions for refining, distribution and sales are added. Hence, the end consumer has recently been facing the brunt of rapid petrol and diesel price fluctuations.

Options to Track Today's Petrol Price in Madhya Pradesh

Petrol prices in Madhya Pradesh are easy to track with digital applications. The data published by oil corporations on their websites and apps give credible information about the fuel prices in Madhya Pradesh. The fuel prices are updated every day at 6:00 AM morning.

For daily updates, you can also enable SMS notifications from your preferred OMC. However, the easiest and most convenient way would be to install the mobile applications of oil corporations like IOCL, HPCL and BPCL to track today's latest petrol price in Madhya Pradesh. So, to keep yourself in the loop, you should track the Daily Diesel and Petrol prices in Madhya Pradesh by using the apps of respective oil companies or their websites.

FAQs

Does GST apply to the Petrol Price in Madhya Pradesh?

No, GST does not apply to the petrol price in Madhya Pradesh at the moment since diesel and petrol have been excluded from the ambit of GST. However, if the government implements GST, it would standardise revenue collection and taxes across all fuel verticals.

Moreover, according to experts, the GST implementation on fuel prices may significantly decrease the current petrol rate in Madhya Pradesh, i.e., a projected deduction of about Rs.20-25 per litre decrease the current petrol rate in Madhya Pradesh.

Why do fuel prices change every day?

The fuel pricing system can now show real-time fluctuations in crude oil prices. This adopted system is known as the dynamic fuel pricing system.

Following this pricing system, oil corporations can easily keep track of global prices and convert the same into the pricing system of our country. Thereby, the general public of every state can easily find the local fuel prices with just a click of a button.

How is Dynamic Fuel Pricing beneficial?

  • Real-time market fluctuations in prices can be tracked quickly by the end users of petrol and diesel.

  • Tracking market fluctuations in fuel prices is convenient for the general public.

  • Operational efficiency for oil companies.

  • Monthly fuel budgets and transportation costs can be planned easily by end consumers.