Petrol, Diesel, and CNG Price in Bangalore

Bangalore is one of the biggest cities in India. With a huge number of IT startups and major companies being situated there, it is truly the Silicon Valley of India. Furthermore, the city of Bangalore is certainly playing an important role in shaping the economy of the country. So, the petrol price in Bangalore is also playing an important factor in the daily lives of the people living there.

CNG price in Bangalore

Due to Bangalore's reputation as a centre for IT start-ups, a sizable section of the population is made up of working professionals. The demand for taxis and autos increased as a result. Because CNG automobiles are more fuel efficient, choosing one for everyday commuting is advisable. A CNG vehicle's reduced noise pollution is another benefit, which eventually benefits the environment. Since CNG is significantly less expensive than petrol and diesel, taxi drivers favour CNG vehicles, which increases demand for CNG. With the Park+ app and website, checking the CNG price in Bangalore is simple.

Petrol Prices in Bangalore

Today Petrol price in Bangalore in INR 102.86 per liter are much steady and have been INR 101.94 for quite some time now. But, the prices of both petrol and diesel had reached INR 113.52 in November 2021. The rising prices of petrol have always been a big concern for people. Furthermore, the prices of other commodities in the market directly depend on the prices of petrol. This made the government review its taxes. The prices of petrol were then reduced to INR 100.56. The petrol price in Bangalore has been steady for the past 15 days.

Diesel Prices in Bangalore

Today's Diesel price in Bangalore in INR 88.94 per liter. Diesel Price in lucknow is much lower than petrol prices. But if both petrol and diesel come from crude oil, why is there a stark difference between their prices? There are several reasons for this:

• Petrol is a refined product and is much costlier.
• Diesel is much less volatile and heavier than petrol, and cheaper.

• The taxes, like VAT, and Excise Duty, are much more on petrol than on diesel.

These three factors not only play an important role in determining the diesel prices in Bangalore but all over the country.

Factors Affecting Petrol Prices in Bangalore

Several factors influence the prices of petrol rates in Bangalore. Petrol prices all over the world get affected due to multiple factors. These are - prices of crude oil, refining costs, freight costs, profit margin of the seller, profit margin of the distributors, and state and central taxes. Furthermore, the pumping fees and the pollution prevention costs also add to it. But if these factors were the only ones determining the prices of petrol, then the prices would be safe in every state of India.

Although the federal tax remains the same for all the states, the state taxes differ. The VAT charges of Karnataka play a big role in determining the price of petrol in Bangalore. Furthermore, the prices of petrol differ from one firm to another. Apart from that, the profit margins of the dealers also add to the prices of petrol in Bangalore.

Park+ App: Keep track of the Petrol Prices

You can easily keep track of the daily rise and fall in petrol, Diesel and CNG price in Bangalore across India by logging into the Park+ app. If you want to know CNG price in Bangalore today, all you have to do is open the app and type Bangalore on the search bar.

Park+ app will provide you with daily notifications of :

• Daily CNG rates
• Change in fuel prices across India
• Compare the fluctuations in fuel prices

To stay updated about the fuel prices, log into the app today.