Today's Petrol Prices in Mumbai, Maharashtra - May 28, 2024

Today, on May 28th, 2024, the price of petrol in Mumbai, Maharashtra is ₹104.21 per liter. Just like in other cities, petrol price in Mumbai also undergoes daily revision based on international crude oil prices, exchange rates and taxes levied by the central and state governments.

The central government in India levies an excise duty on petrol, while the state government levies a value-added tax (VAT). These taxes are a significant factor in determining the price of petrol in Mumbai and other cities in India.

International crude oil price and prevailing exchange rate for the US dollar are the other two major factors influencing the price of petrol in Mumbai. India imports a significant amount of its crude oil from other countries. Thus, the price of petrol and USD-to-INR exchange rate greatly depend on the supply and demand for each of these two assets, international trades, geopolitical tensions and rate of production by the OPEC and OPEC+.

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Petrol Price in Mumbai
(May 28, 2024)

  • Mumbai
    PETROL(₹/L)
    104.21 0.00

List of 10 Days Petrol Price In Mumbai

DATE PETROL PRICE CHANGE
May 28, 2024 104.21₹/L 0.00
May 27, 2024 104.21₹/L 0.00
May 26, 2024 104.21₹/L 0.00
May 25, 2024 104.21₹/L 0.00
May 24, 2024 104.21₹/L 0.00
May 23, 2024 104.21₹/L 0.00
May 22, 2024 104.21₹/L 0.00
May 21, 2024 104.21₹/L 0.00
May 20, 2024 104.21₹/L 0.00
May 19, 2024 104.21₹/L 0.00

Petrol Price Graph - Last 10 Days of Mumbai

Last Six Month Trends

City-wise List For Petrol Price

CITY PETROL PRICE CHANGE
Ahmadnagar 104.38₹/L -0.50
Akola 104.37₹/L +0.32
Amravati 105.36₹/L +0.31
Aurangabad 105.12₹/L +0.02
Bhandara 105.08₹/L +0.15
Bid 104.76₹/L -1.06
Buldhana 104.97₹/L +0.24
Chandrapur 104.04₹/L -0.40
Dhule 104.51₹/L +0.06
Gadchiroli 105.43₹/L +0.27
Gondia 105.38₹/L -0.21
Greater Mumbai 104.25₹/L 0.00
Hingoli 105.35₹/L +0.36
Jalgaon 105.11₹/L -0.54
Jalna 105.83₹/L +0.09
Kolhapur 104.48₹/L +0.09
Latur 105.19₹/L -0.10
Mumbai 104.21₹/L 0.00
Nagpur 103.96₹/L -0.02
Nanded 106.56₹/L +0.75
Nandurbar 105.42₹/L +0.25
Nashik 104.04₹/L -0.65
Navi Mumbai 76.14₹/L 0.00
Osmanabad 104.85₹/L -0.43
Palghar 104.86₹/L +0.89
Parbhani 106.93₹/L -0.46
Pimpri 105.95₹/L 0.00
Pune 104.81₹/L +0.93
Raigarh 104.06₹/L +0.28
Ratnagiri 105.79₹/L +0.27
Sangli 104.40₹/L -0.02
Satara 104.54₹/L -0.53
Sindhudurg 105.75₹/L -0.17
Solapur 104.14₹/L +0.02
Thane 103.66₹/L -0.23
Wardha 104.89₹/L +0.45
Washim 104.83₹/L +0.26
Yavatmal 105.39₹/L -0.31
View All Maharashtra Cities Petrol Prices

State-wise List For Petrol Price

STATE PETROL PRICE CHANGE
Andaman and Nicobar Islands 82.42₹/L 0.00
Andhra Pradesh 108.99₹/L -0.59
Arunachal Pradesh 93.91₹/L -0.70
Assam 97.46₹/L +0.70
Bihar 105.82₹/L -1.47
Chandigarh 94.24₹/L 0.00
Chhattisgarh 101.53₹/L +0.49
Dadra and Nagar Haveli 92.51₹/L 0.00
Daman and Diu 93.34₹/L +1.02
Delhi 94.72₹/L 0.00
Goa 95.49₹/L 0.00
Gujarat 95.06₹/L +0.54
Haryana 96.00₹/L +0.39
Himachal Pradesh 95.68₹/L +2.65
Jammu and Kashmir 99.65₹/L -0.20
Jharkhand 99.19₹/L +0.93
Karnataka 99.89₹/L -0.45
Kerala 105.68₹/L +0.25
Madhya Pradesh 107.02₹/L -0.43
Maharashtra 104.37₹/L -1.02
Manipur 99.15₹/L +0.04
Meghalaya 96.50₹/L +1.58
Mizoram 93.79₹/L -0.76
Nagaland 99.21₹/L +3.04
Odisha 101.13₹/L -1.35
Pondicherry 93.98₹/L +2.11
Punjab 96.27₹/L -0.37
Rajasthan 104.87₹/L -0.40
Sikkim 100.85₹/L 0.00
Tamil Nadu 101.61₹/L -0.16
Telangana 108.39₹/L +0.95
Tripura 97.55₹/L +0.91
Uttar Pradesh 94.85₹/L +0.43
Uttarakhand 94.96₹/L +1.07
West Bengal 104.38₹/L -0.35
View All States Petrol Prices

Frequently Asked Questions (FAQs)

Fuel prices can vary from city to city due to several factors:

  • Supply and Demand: The basic principle of supply and demand plays a significant role. Cities with higher demand for fuel or limited supply may experience higher prices.
  • Taxes and Regulations: Different cities, states, or countries have varying tax rates and regulations on fuel. These can include excise taxes, sales taxes, and environmental regulations that affect prices.
  • Transportation Costs: The cost of transporting fuel from refineries to distribution points and, ultimately, to gas stations can vary depending on the distance and logistics. Remote cities or those far from supply sources may have higher prices due to increased transportation costs.
  • Local Competition: The level of competition among gas stations in a particular city can impact pricing. More competition often results in lower prices, while limited competition can lead to higher prices.
  • Exchange Rates: If a city is in a country with a different currency or has economic instability, exchange rates can affect the cost of imported fuel.
  • Seasonal and Weather Effects: Seasonal variations, extreme weather conditions, and natural disasters can disrupt the supply chain and lead to temporary price fluctuations.
  • Political Factors: Political stability and policies can influence fuel prices. Sudden political changes, conflicts, or government decisions regarding subsidies or pricing controls can impact costs.
  • Global Oil Market: Since oil is traded internationally, global market conditions and events, such as changes in oil production, geopolitical conflicts, and economic trends, can ripple through to local prices.
  • Consumer Behavior: The driving habits and preferences of consumers in a city can also influence prices. If people in a city predominantly use more fuel-efficient vehicles or opt for alternative transportation, it can affect demand and pricing.
  • Environmental Factors: Some cities may have stricter environmental regulations that require cleaner, more expensive fuel blends, which can result in higher prices.

These factors can interact in complex ways, leading to variations in fuel prices from one city to another. It's important to keep in mind that prices can change rapidly due to market dynamics and local conditions, so what you pay for fuel today might not be the same as what you'll pay tomorrow.

For those primarily engaged in city driving, petrol-fueled cars prove to be the better choice. On the other hand, when one regularly undertakes long-distance journeys, diesel fuel emerges as the more efficient option, resulting in cost savings.

Fuel price increases impact a wide range of individuals and sectors within a state or city. The extent of the impact can vary based on the economic structure, the level of dependency on fuel, and the overall mobility patterns in the area. Here’s a detailed look at who is affected and how: 

1. Consumers/Individuals

Daily Commuters: Higher fuel prices directly affect individuals who rely on personal vehicles for commuting, increasing their daily travel expenses.

Public Transport Users: Indirectly affected if public transport operators raise fares to cover increased fuel costs.

Low-Income Households: More significantly impacted as a larger proportion of their income goes towards transportation and energy costs.

2. Businesses

Logistics and Transport Companies: Face increased operating costs as fuel is a major expense for freight, delivery services, and transportation providers.

Small and Medium Enterprises (SMEs): Higher transportation and distribution costs can reduce profit margins and increase prices for goods and services.

Agricultural Sector: Increased costs for operating machinery, transporting produce, and accessing markets can squeeze profit margins for farmers.

3. Industries

Manufacturing: Elevated fuel prices increase the cost of transporting raw materials and finished goods, impacting the overall cost structure.

Retail: Retailers may face higher costs in stocking goods, which can lead to increased prices for consumers.

Construction: Higher fuel costs for operating heavy machinery and transporting materials can raise the overall cost of construction projects.

4. Public Services

Public Transportation Systems: May face increased operational costs, potentially leading to higher fares or reduced services.

Emergency Services: Police, fire, and ambulance services may experience higher operational costs, affecting budgets and resource allocation.

5. Government and Local Authorities

Budget Allocation: Governments may need to reallocate budgets to manage increased fuel costs for public services and infrastructure projects.

Subsidy Burden: If the government provides fuel subsidies, higher prices can strain public finances, affecting other areas of spending.

6. Inflation and Economy

Inflationary Pressure: Increased fuel costs can lead to higher prices for goods and services across the board, contributing to overall inflation.

Economic Growth: Higher operational costs for businesses and reduced disposable income for consumers can slow economic growth.

7. Environmental Impact

Shift in Transportation Choices: Persistent high fuel prices might push individuals and businesses to seek alternative, more fuel-efficient modes of transport or invest in renewable energy sources.

8. Specific Groups

Taxi and Auto-Rickshaw Drivers: Directly impacted by increased fuel costs, often leading to higher fares or reduced earnings if fares are not adjusted.

Gig Economy Workers: Delivery drivers and other gig workers who depend on personal vehicles face increased operational costs, impacting their net earnings.

Tourism Industry: Higher fuel costs can increase travel expenses, potentially reducing tourism if higher costs are passed on to tourists.

Conclusion

The impact of fuel price increases is widespread, affecting almost every sector of the economy and various aspects of daily life. While consumers face higher travel costs, businesses experience increased operating expenses, which can lead to higher prices for goods and services. Governments may need to adjust budgets and policies to manage the economic implications. The overall economic activity may slow down due to reduced disposable income and higher production costs, leading to inflationary pressures.