While the US West Texas Intermediate (WTI) crude oil futures dipped 48 cents to $58.13 per barrel after having hit their highest so far this year at $58.95. Among these include the behaviour of crude oil in the global markets and also the movement of the currency. With economists predicting these values to rise in the coming months we can only hope that Chennai is able to bear the brunt of it all. On Wednesday, a Thomson Reuters/INSEAD survey found that Asian business confidence held near three-year lows in the first quarter from the US-China trade dispute that was dragged on. Analysts are expecting the prices to curb down from the suspected global economic slowdown. The fuel's rates were reduced despite an increase in international rates to their 2019 highs. The highest Petrol price in Chennai in last 5 years was ₹ 88.8 per litre on 27 January 2021. With rupee sailing strong for nearly two weeks, it is likely that the fall in petrol price in Chennai today was a result of it. The My HPCL application offers Outlets & Services, My Vehicle, Alerts, customer service line, Reviews, Help & Tips and also offers access to Insurance Renewal (with partner company), DTPLUS (HPCL Loyalty Program for fleet operators) and HPGAS (LPG) in addition to providing varying fuel prices for the fuel consumers of Chennai. Today's Petrol price in Chennai is ₹ 87.83 per litre. Here click on the “Privacy & Security” options listed on the left hand side of the page. To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar. Prices in Mumbai, Chennai and Kolkata were Rs 91.32, Rs … Cost of Petrol in Chennai was last updated on 20 January 2021 and is usually updated daily. The climb was curbed by the concerns of an economic slowdown around the globe. However, the increase in oil outputs from the United States has helped to offset the supply cuts. Crude rates are mixed for the moment with factors like the OPEC production cuts and concerns of a slowdown in economic growth have been balancing the price both ways. This mobile app is accessible to Indian Oil smartphone users and is available on both the Google Play Store and the Apple Store. It is largely linked to international crude prices, which trade abroad. In the national capital, the price of petrol was increased by 25 paise from Rs 85.20 per litre to ₹ 85.45 and diesel was hiked by an equal amount from ₹ 75.38 per litre to ₹ 75.63 per … What was the highest Petrol price in Chennai in last 5 years? Petrol Price in Chennai Today : The price of Petrol in Chennai is at Rs 88.29 per litre Today. It is important to check todays petrol price in Chennai ₹ 88.82 (27th January 2021), especially if you are going for a long drive. US West Texas Intermediate (WTI) futures for April delivery dropped 25 cents to $58.84 per barrel, after hitting an intraday peak at $59.57, its highest level since 12 November. 79.46 with 25 paise increase. The Rates are calculated on ‎December 5th, 2020. The lowest Petrol price in Chennai in 2021 was ₹ 72.26 per litre on 16 March 2020. Similarly, in Chennai, petrol is retailing at Rs 73.82, 10 paise higher than Sunday’s rate of Rs 73.72 per litre while diesel price is set at Rs 69.88, 16 paise more than yesterday's price … It is at the authority of the central government to carry petrol under the framework of GST. This transition to Bharat Standard 6 (BS6) puts an end to the sale of older BS IV petrol. Fuel prices rise again, petrol crosses Rs 101 in this city - The price of petrol in Mumbai is Rs 92.86 per litre, in Kolkata, the rate is Rs 87.69 and in Chennai, it is Rs 88.82 per litre. The prices of Oil eased by 1 percent from their 2019 highs after the attention has now shifted to the lack of progress in the US and China talks. Top oil companies such as Indian oil take various aspects such as duties and charges into consideration and give a new price every day. Benchmark Brent crude futures fell by 1.3 percent to $66.96 a barrel. If GST is to be introduced, all the tax components in the existing market overview of the price of fuel should be excluded. US West Texas Intermediate (WTI) crude futures were up by 12 cents to $58.38 a barrel. Thanks to the introduction of Dynamic Fuel Pricing, for which the price of petrol is adjusted regularly every morning at 6 a.m. across the all the cities including Chennai in India. The highest Petrol price in Chennai was ₹ 88.8 per litre on 27 January 2021. Today's Petrol price in Chennai is ₹ 86.46 per litre. In Chennai, the petrol price per litre costs Rs. This mechanism of the daily revision in petrol and diesel prices is named as Dynamic Fuel Pricing in India which is followed by the leading oil firms of the country for daily revision in a price change. Petrol prices in Chennai have been turning more volatile, as prices of crude oil have been showing a firm trend. In the 52 week period, the price of Petrol in Chennai (Tamil Nadu) touched a high … Scroll down the page to the “Permission” section . The smartphone application of Indian Oil enables individuals to search the latest fuel rates, so before going out for a refill, they have an idea about the latest price trend. International Brent crude oil futures were trading at USD 71.93 per barrel, up by 21 cents or 0.3 per cent from their last close. Another element that can gently change from dealer to dealer in Chennai as well as other metropolitan cities is the dealer's profit which is assessed by the distance between the supply stations and retail petrol pumps. petrol and diesel rate in chennai today 21st january 2021 More on this topic பெட்ரோல் விலை: வாகன ஓட்டிகள் செம ஹேப்பி - … When was the highest Petrol price in Chennai? The increase in the global crude oil price was bound to have an impact on the rate in Chennai. Petrol price in Chennai is set based on the average of the fuel prices for 15 days and the exchange rate of the rupee. The following process would make it possible for you to verify the right and accurate petrol price of Chennai. The whole sector of oil and natural gas has been placed beyond the reach of GST. Benchmark Brent crude oil futures rose by 18 cents or 0.3 percent to $67.79 a barrel when compared to their last close. What was the highest Petrol price in Chennai in 2020? Petrol price in CHENNAI today is 87.87 Rs/ltr. This is called dynamic fuel pricing. Via mobile apps of the Indian Oil firms- The present petrol price of every state or city is assured through mobile applications enforced through OMCs. All of these oil companies are regularly adjusting diesel and petrol prices frequently or what we called on a daily basis in simple words. Diesel prices were also cut by a similar margin today. per litre. We Provide daily updated Chennai petrol rates and try to give you best information. The petrol and diesel rates of all metro cities such as Mumbai, Delhi, Kolkata, Bengaluru, Chandigarh and more had started the mechanism of Dynamic Fuel Pricing on June 2017. SmartDrive is configured to collect information about consumers and vehicles so that the BPCL can give you daily updates about your vehicle's PUC, insurance and support, and is accessible through both the Google Store and the Apple Store. Petrol prices are changing everyday in Chennai against the earlier practice of revising prices once in 15 days. So depending upon the various factors demand for the oil and importing charges, export charges and much more the petrol price in Chennai is fixed. The mobile apps enable customers to check on-the-go petrol prices and also one can access the latest fuel rates through SMS services or by visiting the website of a particular oil firm as we have discussed above. Total number of Petrol Pump In Chennai is 116. Petrol price in Chennai today was reduced by 7 paise to Rs 75.52 per litre. Once the changes is done, click on the “Save Changes” option to save the changes. As you are a petrol buyer in the city it is recommended to you check the petrol price of the city on a daily basis as a little change will impact you in a huge way. Today petrol price in chennai is 87.4 Rs/Ltr Today’s petrol price in chennai is Rs.87.4 per litre. Petrol rate in Chennai increased today by Rs 0.00. /Ltr For example, when the rupee falls against the dollar, it becomes very expensive to import crude oil and this reflects on prices of crude. Buyers can check the prices through SMS alerts, oil companies mobile apps, websites and toll-free phone numbers. These days, thanks to a myriad of changes in the political situation in the country, dynamic pricing has been introduced and due to that the prices change every day. Here click on the “Settings” tab of the Notification option. In the international oil market, crude prices went up, backed by worries over tightening global supply because of US curbs against Iran and Venezuela. The increase and decrease of the petrol price in Chennai will now depend on the crude oil price in the international market. In a previous session this week Brent hit its four-month high, however, data suggests that economic activity has slowed down in Europe, Asia, and North America. You may avail various cashback offers by card payment or pay using cash. So, before you leave for work, it would be advisable to look for a change in petrol prices daily in Chennai. The present pricing system was introduced and implemented by the Government of India in mid-June 2017. But due to the regular price update it is hard to track the correct petrol price of Chennai for the petrol consumers across the city. This is due to change of the petrol prices in the global Markets. Then, Oil Marketing Companies (OMCs) implement a certain percentage of net profit margin on a litre of petrol supplied on retail distributors. Petrol price in Chennai closed the week at Rs.84.23 per litre, which was the highest recorded price of the fuel for the month till date. Petrol and diesel rates keeps changing on a daily basis and finding the right fuel price is believed to be a challenge as the main issue in people's minds is how to check the correct fuel price of Chennai or any other particular city of India. Cost of Petrol in Chennai was last updated on 27-Jan-2021 and is usually updated daily. Crude oil is traded in the US Dollar worldwide. In fact this is the reason for the current variation in the price of petrol in different areas of the country. The information also will available on company websites and mobile apps, like Fuel@IOC, Smart Drive (BPCL), and My HP CL. Select Month ... Hyderabad Petrol Rate; Pondicherry Petrol Rate; LAST MONTH PETROL RATES HISTORY. However, numerous oil and gas firms such as Indian Oil, Bharat Petroleum and Hindustan Petroleum have lead to different methods of keeping a menu on evolving fuel costs, and simplest way to track the rate changes is by installing mobile apps through which fuel consumers of India can easily track the correct petrol and diesel rates on their go. Additionally, the massive blackout from the economic and political crisis in Venezuela has caused production and export disruption in the country. In fact, petrol prices would now be revised at 6 am in the morning. 86.75 with an increase of 24 paise and the diesel is priced at Rs. However, it is better to frequently check prices as this may save you money if you are especially filling large amounts of petrol in your vehicle. Remember, these prices are revised largely based on what the situation in the global markets is. 87.85 Per Litre and diesel price is Rs.80.67 Per Litre and kerosene price is Rs. Consumers of Indian Oil can download and use the 'Fuel@IOC' app, while buyers of Bharat Petroleum can use the 'SmartDrive' app and petrol customers of Hindustan Petroleum can install and launch the 'MY HPCL' app to record the transparent petrol price of Chennai. 87.86 per Litre. Benchmark Brent crude oil futures were up by 5 cents to $68.55 a barrel while the US West Texas Intermediate was down by 13 cents to $60.10 per barrel. The price of fuel petrol and diesel are set to a revision daily morning at 6 a.m. The dealer’s commission varies for petrol and diesel as well as the location of the fuel stations. Chennai is one of the biggest metropolitan city of India. Petrol price in Chennai today was reduced by 7 paise to Rs 75.52 per litre. To overcome this difficulty OMCs have issued numerous methods to track the updated and actual petrol price of Chennai as well as all the cities and states. The shift damages the stream of revenue of the government of Tamil Nadu and the central government. The lowest Petrol price in Chennai in 2020 was ₹ 71.05 per litre on 04 January 2019. Therefore, it would be important to check the daily petrol prices at goodreturns.in. The increase in US shale output also added to the factors that caused the rates to fall. Earlier today it rose to a four-month high of $68.20 a barrel. Now moving a step ahead The Indian oil corporation introduced a new app called FUEL@IOC. Make sure that the updated rates that each bunk will show are recorded before filling your vehicle’s fuel tank to the full. There are concerns among traders of an economic slowdown that has gripped large parts of Asia and Europe (especially after Brexit) that will dent growth in fuel demand. In Chennai and Kolkata, petrol was sold at Rs 87.40 and Rs 86.15 per litre respectively. The highest Petrol price in Chennai in 2021 was ₹ 88.8 per litre on 27 January 2021. Earlier, the petrol price in Madhya Pradesh's capital was ₹ 93.15, while the price of diesel was ₹ 83.41. If we see, the statistics the number of vehicles increased with the increase in the population. Global benchmark Brent crude oil futures were was down by 4 cents at $67.50 per barrel. After a report said the OPEC's panel meeting on Monday to review progress with an OPEC-led supply cut deal is recommending the producers cancel a policy meeting that was scheduled for April, caused the prices to go lower. Today's Chennai Fuel Price Petrol: ₹86.46 Diesel: ₹79.70. NOx (nitrogen oxides) in the petrol cars is reduced by 25% by using this newer fuel. The central excise duty appears the same across all regions of the country, as well as Chennai, mostly on price structure of petrol and the structure of State-level Value Added Tax (VAT) for the petroleum products varies from state to state. However, the threat of a slowdown in economic activities has increased largely between then and now especially after China reduced its growth projections and increased risk of the bad Brexit deal. From the last 10 days, petrol rates in Chennai have been moving in a very narrow band. With every increase or decrease in BS6 petrol price in Chennai, we update our database to help you with the latest Chennai BS6 petrol price. With a few taps consumers can meet the updated price of petrol every morning before heading to the office or fuelling the tank of their vehicle. There has been a trend of increasing crude oil prices, which have moved higher from levels of $55 to the current levels of below $40. The Organization of the Petroleum Exporting Countries and its allies that include Russia had cut its production as planned in December. In Chennai, petrol and diesel prices are at Rs 88.29 and Rs 81.14 per litre. In order to ensure that petrol is placed under the GST regime and the source of income of the state and the central government remains unchanged, the GST Body may consider raising the tax rate. Prices are revised at … This is when oil companies were facing difficulties to change the price due to various issues. Todays petrol rates in Chennai depend on a host of factors. Petrol rate in Chennai Tamil Nadu today Find the latest Petrol rate today for any city in India. Lowest selling price in Chennai is Rs 86.51. Buyers can type RSPDEALER CODE, and send to 9224992249. Petrol rate in Chennai Tamil Nadu today India imports crude oil from the USA as well as the Middle East. Supported by … The revision in chennai petrol price was on 17 Jan, 2021 and it got decreased by 0.00 rupees. One of the other reasons for the sudden rise of the petrol prices in Chennai is, of course, the impact of the global scene. Supported by the tightening of US stocks and reduced output from OPEC due to scheduled cuts and sanctions on Venezuela and Iran has pushed the oil rates higher. The rupee has also moved lower against the dollar, which has made petrol prices in Chennai more expensive than before. Petrol price in Chennai today was increased by 7 paise to Rs 75.59 per litre. To pile on to the fears of the global economic slowdown was the release of grim manufacturing data from Germany and the US. In Kolkata, the prices of petrol and diesel are at Rs 87.11 and Rs 79.48 per litre respectively. Petrol Price in Chennai today is Rs 85.86 per Litre. The Price revision is applicable from 6.00 AM Everyday morning. Within the state for every different city, the price will be slightly different due to various tolls and charges. Hence, this would affect both the middle class and the poor at a time when critical commodity prices were on the surge. 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