Petrol and Diesel Price in Hyderabad

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Today107.4195.6592
25 Nov107.4195.6592
24 Nov107.4195.6592
23 Nov107.4195.6592
22 Nov107.4195.6592
21 Nov107.4195.6592
20 Nov107.4195.6592
19 Nov107.4195.65NA

Note : there may be slight variations in prices across outlets within a city

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Hyderabad is one of the major cities in India. It is famously known for its flourishing IT industry. People from all over the country and even in the nearby districts come to Hyderabad to try their luck in the IT industry and in other job-creating industries as well. Since this is such an important city and most importantly, there is a massive vehicular movement here, it is natural to discuss the petrol price in Hyderabad. In addition to the petrol price, we will also learn about the prices of diesel and CNG.

Let’s first start with the price of petrol in Hyderabad.

Petrol Price In Hyderabad

The petrol price in Hyderabad today stands at Rs 107.41 per litre. Interestingly, the petrol price in Hyderabad has not changed for a few months. The petrol rates usually fluctuate but the price of petrol in Hyderabad remained unchanged.

Having said that, in the months of March and April 2022, the petrol prices were slightly on the higher side. In the month of March, the petrol price was Rs 115.42. In the month of April, the price was Rs 119.49.

When compared to the previous year - 2021, the petrol rates in 2021 were different. In the month of June 2021, the petrol rate was Rs 98.20. In the month of July 2021, the petrol rate was Rs 102.69. Furthermore, in the month of August 2021, the petrol price was Rs 105.83.

Diesel Price In Hyderabad

Since there is an uptick in global crude oil prices, the diesel rate in Hyderabad is also seeing an increase. Today, the diesel price in Hyderabad stands at Rs 95.65 per litre. Just like petrol, diesel prices remained unchanged for a few months.

Factors affecting fuel price fluctuations in Hyderabad

There are numerous factors that affect fuel prices in Hyderabad including:

  • The fuel prices in Hyderabad are directly impacted by variations in the cost of crude oil. Crude oil prices fluctuate as a result of a shift in supply and demand. Furthermore, potential reserves as well as global political relations have a direct impact on crude oil prices.

  • The demand for fuel is increasing in Hyderabad due to the increasing number of vehicles. This increase in demand without a similar increase in supply causes fuel prices to rise.

  • The strength of Indian currency relative to the US Dollar affects the crude oil prices. Crude oil prices will rise if the US dollar gains strength which in turn affects fuel prices.

  • Fuel prices are affected by the prices OMCs (Oil Marketing Companies) charge on dealers. This pricing is affected by factors like the cost of refining and freight charges.

  • The prices also fluctuate due to the taxes imposed by the state and central government. The central government levies excise duty on the consumers whereas the state government charges a tax called VAT. VAT varies slightly from state to state since the respective governments are free to tailor the fuel taxation structure according to their economic and political situations.

Does Increase In Fuel Price Affect Common Citizens?

Rising fuel costs can affect common citizens in a variety of ways.

  • Individuals who own vehicles are the first group of people who feel the effects of the increase in fuel prices due to an increase in their monthly fuel budget.

  • An increase in fuel price not only affects those people with vehicles but also affects people who don’t own a vehicle. An increase in fuel prices can increase the cost of using public transportation including bud, taxis, or auto rickshaws.

  • Rise in fuel prices increases the cost of commercial transportation causing a rise in the price of everyday consumer items like fruits and vegetables.

  • Prices of other essential commodities like medicines and food can shoot up due to increases in fuel prices.

  • Increase in fuel prices can lead to a decrease in the sale of vehicles, affecting people working in the automobile industry, one of the largest employers in the country.

If the inflation rate is high enough, it can also severely damage the country’s economy.

Conclusion

The rise in the global crude oil price has increased the price of fuel in Hyderabad. In the future, the price may increase or decrease. If you want to know the status of fuel prices in Hyderabad, download the Park+ app. The app provides regular updates on diesel, petrol, and CNG prices in Hyderabad.

FAQs

How Often Is The Petrol Price In Hyderabad Updated?

The petrol price in Hyderabad is updated regularly. Earlier, the prices were updated every fortnight. Since June 2017, when the implementation of dynamic fuel pricing came into force, the prices of petrol have been getting regularly updated on daily basis.

Are Updated Fuel Prices Displayed in Fuel Stations in Hyderabad?

The revised prices are being displayed across all the fuel pumps in the city. All the automated fuel stations auto-update the revised prices. Non-automated fuel stations have to update the prices manually. The staff revises the prices at these stations by gathering information from the oil company’s websites.

How Is The Petrol Price In Hyderabad Calculated?

The price of petrol in Hyderabad is calculated by including the crude oil price, primary excise tax, refinery transfer price, OMC’s profit margin, VAT, pollution cess, and commission charged by dealers.

Are There Any Mobile Apps To Check The Updated Petrol Prices In Hyderabad?

Several oil and gas firms have their own apps that provide information regarding petrol and fuel prices in Hyderabad. Companies such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum have smartphone applications to check fuel prices. Apart from these, Park+ has a smartphone application that gives updated information on the petrol, diesel, and CNG prices of Hyderabad on a daily basis.