Petrol Price in Telangana Oct 08 2024
Petrol price in Telangana today is ...
State | Today | Yesterday | Rate Change |
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- - - | - - - | - - - | - - - |
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Last 10 days Petrol Rate in Telangana
Date | petrol per Litre |
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Petrol Price in All Cities of Telangana Today
District | petrol per Litre |
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State-wise Petrol Prices
Petrol Prices in Major Cities
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Petrol Price In Telangana
- The current Petrol Price in Telangana is ... per litre.
The trend of Petrol Price in Telangana for February 2022 (rates per litre):
Parameters | Rates/litre |
---|---|
1st February | Rs. 89.77 |
28th February | Rs. 94.79 |
Highest Rate in February | Rs. 94.79 on 27th February |
Lowest Rate in February | Rs.89.77 on February 1st |
Overall Performance | Rising |
Overall Price Change | +5.30% |
Monthly Petrol Price Trend in Telangana for February 2022:
- The petrol price in Telangana started at Rs. 89.77 per litre on 1st February
- In the last week of February, the prices closed at Rs. 94.79 per litre, which is also the highest rate of petrol.
- The trend of change is rising.
- The overall price change reads at +5.30%
The trend of Petrol Price in Telangana for January 2022 (rates per litre):
Parameters | Rates/litre |
---|---|
1st January | Rs. 87.06 |
31st January | Rs. 89.77 |
Highest Rate in January | Rs. 89.77 On January 27 |
Lowest Rate in January | Rs. 87.06 On January 1 |
Overall Performance | Rising |
Overall Price Change | +3.02% |
Monthly Petrol Rate Trend in Telangana for January 2021:
- The petrol price in Telangana started at Rs. 87.06 per litre on 1st January
- In the last week of January, the prices closed at Rs. 89.77 per litre, which is also the highest rate of petrol.
- The trend of change is rising.
- The overall price change reads at +3.02%.
The trend of Petrol Price in Telangana for December 2021 (rates per litre):
Parameters | Rates/litre |
---|---|
1st December | Rs. 85.64 |
31st December | Rs. 87.06 |
Highest Rate in December | Rs. 87.06 on December 7th |
Lowest Rate in December | Rs. 85.64 on December 1st |
Overall Performance | Rising |
Overall Price Change | +1.63% |
Monthly Petrol Price Trend in Telangana for December 2021:
- The petrol price in Telangana started at Rs. 85.64 per litre on 1st December
- In the last week of December, the prices closed at Rs. 87.06 per litre, which is also the highest rate of petrol.
- The trend of change is rising.
- The overall price change reads at +1.63%
The trend of Petrol Price in Telangana for November 2021 (rates per litre):
Parameters | Rates/litre |
---|---|
1st November | Rs. 84.25 |
30th November | Rs. 85.64 |
Highest Rate in November | Rs. 85.64 on November 29th |
Lowest Rate in November | Rs. 84.25 on November 5th |
Overall Performance | Rising |
Overall Price Change | +1.62% |
Monthly Petrol Price Trend in Telangana for November 2021:
- The petrol price in Telangana started at Rs. 84.25 per litre on 1st November
- In the last week of November, the prices closed at Rs. 85.64 per litre, which is also the highest rate of petrol.
- The trend of change is rising.
- The overall price change reads at +1.62%
The trend of Petrol Price in Telangana for October 2021 (rates per litre):
Parameters | Rates/litre |
---|---|
1st October | Rs. 84.14 |
31st October | Rs. 84.25 |
Highest Rate in October | Rs. 84.25 on October 21st |
Lowest Rate in October | Rs. 84.14 on October 1st |
Overall Performance | Rising |
Percentage Change | 0.04% |
Monthly Petrol Price Trend in Telangana for October 2021:
- The petrol price in Telangana started at Rs. 84.14 per litre on 1st October
- In the last week of October, the prices closed at Rs. 84.25 per litre, which is the highest price.
- The trend of change is rising.
- The overall price change reads at 0.04%.
The trend of Petrol Price in Telangana for September 2021 (rates per litre):
Parameters | Rates/litre |
---|---|
1st September | Rs. 85.28 |
30th September | Rs. 84.14 |
Highest Rate in September | Rs. 85.28 on 1st September |
Lowest Rate in September | Rs. 84.14 on 22nd September |
Overall Performance | Falling |
Percentage Change | -1.25% |
Monthly Petrol Price Trend in Telangana for September 2021:
- The petrol price in Telangana started at Rs. 85.28 per litre on 1st September and continued till 7th September, which was the highest price.
- In the last week of September, the prices closed at Rs. 84.14 per litre, which was the lowest price that month, recorded on 24th September.
- The trend of price change is declining.
- The percentage change reads at -1.25%.
How Frequently is Petrol Price in Telangana Reviewed?
The review is occurring daily by proposing a new fuel-pricing practice called dynamic fuel pricing or daily revision. The central government implemented the new pricing method to make fuel-pricing more honest from the consumers’ viewpoint. The contrast between the former and prevailing pricing systems is the rate of revision.
Petrol Costs in Telangana and the Other States
State | Price |
Assam | 87.69 ₹/L |
Bihar | 93.48 ₹/L |
Chhattisgarh | 89.62 ₹/L |
Gujarat | 88.20 ₹/L |
Haryana | 89.25 ₹/L |
Himachal Pradesh | 89.11 ₹/L |
Jammu And Kashmir | 92.67 ₹/L |
Jharkhand | 88.52 ₹/L |
Rajasthan | 97.79 ₹/L |
How are Petrol Prices in Telangana Computed?
Different components of the price breakup of petrol in Telangana include the followings:
- RSP= Price of crude oil (includes freights) + the primary excise + Refinery Transfer Price + OMCs’ profit margin + commission charged by merchants + VAT + pollution cess.
- Over 80% of India’s crude oil is imported from overseas oil-producing countries. Domestic production only serves the remaining 20%. The expense acquired by Indian oil retailing companies to buy crude oil is called COB (including freight charges). Oil marketing corporations also acquire the refinery transfer price (RTP), refineries charging crude oil into petrol.
- Pump owners also charge a particular percentage of profit margin for providing petrol. This may differ within the cities of Telangana. The share imposed by petrol bunks, which are more proximate to supply stations, is smaller than that of petrol pumps far from supply stations. Among all Indian states, the central excise duty imposed on petrol is identical, but VAT changes from one state to another.
Factors Affecting Petrol Prices in Telangana
- Freight: The price paid to a transporter for the imported crude oil is called ocean freight. When ocean freight is added to the FOB price, we get cost and freight price.
- Free On Board Price (FOB): The price paid by Indian oil marketing companies to import crude oil from overseas corporations.
- Customs Duty: It is a tax imposed by the government on imported crude oil. As of February 2022, it is charged 2.5% of the cost and freight price.
- Excise Duty: The tax that the central government imposes on petrol. It remains identical throughout the country.
- Import Charges: Import charges comprise of 3 charges: (i) insurance charges, (ii) port dues, and (iii) ocean losses. The insurance service provider (ISP) premium for the insurance cover is called insurance charges. Port dues are the charges paid for using the facilities of a port.
- Refinery Transfer Price: It price is the price repaid by oil marketing companies to refineries for buying petrol.
- Depot Price: The price paid by retail petrol owners to buy/import petrol from oil marketing companies.
- Inland Freight: It is the price paid by oil marketing companies for transporting petrol from refineries to retail markets.
Impact of GST on Petrol Rates in Telangana
The GST regime taxes all kinds of goods and services under 4 tax slabs, which are
- 5%,
- 12%,
- 18%, and
- 28%.
The lowest rate fixed by the GST Council to date is 5%, and the highest rate is 28%. 5 petroleum products, including petrol, have been kept outside the regime of GST. Even though petrol is taxed at the highest rate, the state and central governments’ revenue will be significantly affected. Hence, the GST structure does not impact petrol prices in Telangana.
Diesel Costs vs Petrol Costs in Telangana
As of 1 March 2022, the mean petrol price was Rs. 91.76, whereas diesel’s mean rate was Rs. 82.24. Petrol rates in the state are expected to rise over the next few months marginally.
If you have any queries regarding the fuel prices in any of India’s states or union territories, please visit Dialabank.
News Snippet
Fuel Prices Continued to Rise for the Second Consecutive Day
The prices of petrol continued to rise in the country due to the hike in Oil Marketing Companies’ rates (OMCs). As of Monday, the rates of petrol touched Rs.82.06 in Delhi and Rs.89.44 in Mumbai. The hike recorded in the capital for each litre of petrol was 0.15 paise. The cost of petrol was the very best in Mumbai among all the country’s four metro cities.
On the worldwide front, oil prices fell on the rear of concerns that we may impose additional tariffs on Asian powerhouse China and outweigh supply fears from Iran’s upcoming sanctions. Brent petroleum futures dipped 16 cents to 77.93 dollars per barrel. The costs of petrol are hiked almost daily since the Lammas and are on record levels in many cities during the past few weeks. It must be mentioned here that the petrol rates have gone up by 15.4% since January 1, 2018.
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FAQs about Petrol Price in Telangana
✅ What is today’s Petrol price in Telangana?
Today’s Petrol price in Telangana is ₹ 95.27 per litre.
✅ What is the average Petrol price in Telangana?
The average Petrol price in Telangana was ₹ 94.77 per litre as on Oct 08 2024.
✅ When was the highest Petrol price in Telangana?
At ₹ 96.6 per litre, the highest Petrol price in Telangana was recorded on 3 March 2022.
✅ Which city has the costliest Petrol price in Telangana?
Adilabad has the costliest Petrol price in Telangana, with ₹ 96.6.
✅ Which city has the lowest Petrol price in Telangana?
Warangal has the lowest Petrol price in Telangana with ₹ 94.35.