Note : there may be slight variations in prices across outlets within a city
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.
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.
The current Petrol price in Bangalore 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 are much lower than petrol prices. The prices in Bangalore today stand at INR 87.89 per litre. 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:
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.
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.
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 :
If you want to keep track of the current CNG price in Bangalore or any other city in India, log into the Park+ app. Here, you will be able to check the daily prices of CNG in various cities of India. Furthermore, you can also set a daily reminder on the app to get notified of daily CNG prices.
The price of petrol in Goa is much lesser than in Bangalore. With INR 97.17 per litre, the VAT taxes in Goa are much lesser than in other parts of India. Goa devices have 26% VAT on petrol, whereas Bangalore charges about 32% VAT. In fact, in 2013, when Manohar Parekar became the chief minister, he reduced the VAT rates to 0.01%.
Andaman and Nicobar Islands have the lowest price of petrol. The price of petrol in Andaman and Nicobar Island is INR 84.10 per litre. On the other hand, the diesel prices in the state are about INR 79.74 per litre.