Petrol Prices Hold Steady in India Amid Global Market Volatility

The current price of petrol in India is around ₹110.93 per liter in Bangalore, according to data from Hindustan Times. This rate has been consistent over the past few days.

Petrol prices in India are determined by a combination of factors, including global crude oil prices, currency exchange rates, local taxes (VAT), and dealer commissions. The Indian government sets the central excise duty on petrol, which is currently 0.00 rupees per liter.

The value of the rupee also has an impact on domestic fuel prices, as a weak rupee increases the landed cost of dollar-denominated crude oil. Petrol and diesel prices in India are reviewed daily in line with the benchmark international rate of the preceding 15 days.