Petrol in Mumbai drops to Rs 74.47 per litre

    This marks the lowest price for petrol in 2018 in the financial capital; diesel priced at Rs 65.76 per litre.

    Published On Dec 31, 2018 03:51:00 PM


    Petrol in Mumbai drops to Rs 74.47 per litre

    With 2018 drawing to a close, the beleaguered Indian motorist and the automotive industry have good reason for cheer. While India citizens have had to suffer wallet-burning fuel prices for most of 2018, the end of the year has seen prices steadily declining thanks to a similar decrease in the cost of global crude oil.

    As of December 31, 2018, petrol prices in Mumbai have dropped to its lowest this year at Rs 74.47 per litre. At this price, a litre of petrol costs Rs 3.40 less than it cost on January 1, 2018, at Rs 77.87 per litre. When compared to the price of petrol on October 4, today’s price is a whopping Rs 16.87 less!

    Diesel now costs Rs 65.76 a litre – while not the lowest, this price is a fair bit below the highs it scaled in 2018. On January 1, 2018 diesel cost Rs 63.35 a litre and rose to its highest, like petrol, on October 4 to Rs 80.10. The price differential between the two fuels as of today is Rs 8.71 a litre.

    For reference, 2017 began with petrol being priced at Rs 76.91 per litre and ended at Rs 77.87 with the highest being Rs 79.99 a litre on October 3, 2017. The lowest price at which the fuel was sold in 2017 was Rs 72.66 per litre on April 1, 2017.

    In 2014, the highest price that petrol had scaled to was Rs 82.07 per litre. The lowest price that motorists paid was Rs 62.75 on March 10, 2016. As per our sister publication Autocar Professional’s analysis of fuel prices since then, the price of petrol has not fallen below the Rs 65 a litre mark and has continuously marched upwards.

    Even as motorists will tank up with a smile today and in 2019, there clearly is scope for a higher level of price cuts on petrol and diesel given the high level of state and central taxes on fossil fuels.

    Copyright (c) Autocar Professional. All rights reserved.


    No comments yet. Be the first to comment.

    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now
    Search By Car Price
    Poll of the month

    Will the new petrol hybrid Toyota Innova be as successful as the old diesel version?

    Yes, hybrids are incredibly efficient



    No, nothing beats diesel torque



    Only if it is cheaper than the outgoing car



    Total Votes : 1665
    Sign up for our newsletter

    Get all the latest updates from the automobile universe