As of 23 December, 2024 the price of petrol in Mumbai is ₹103.44 per litre:
The price of petrol in Mumbai has remained steady over the last 10 days. In November, the average price of petrol in Mumbai was ₹103.44.
Petrol prices in Mumbai include state and central taxes. The price of petrol is affected by several factors, including: International crude oil prices, Taxes imposed by the state and central governments, Currency exchange rates, and Fluctuations in the international market.
Tax Structure on Petrol Price in Mumbai
| Parameters | Rates/litre |
| A. Price charged to the dealers | Rs.48.23 |
| B. Excise Duty (Central Government) | Rs.27.90 |
| C. Average Dealer Commission | Rs.3.78 |
| VAT (State Government) | Rs.15.50 [19.40% of (A + B + C)] |
Petrol prices in Mumbai have become increasingly volatile due to the consistent trend of crude oil prices. To ensure that you are aware of the current price of petrol in Mumbai, it is crucial to check the daily rate, especially if you are planning a long journey. Price of petrol on is Rs 103.44. It is essential to note that petrol and diesel prices are revised daily, and failure to check the prices can lead to significant losses while traveling long distances. Moreover, the recent depreciation of the rupee against the dollar has resulted in even higher petrol prices in Mumbai. It is hoped that the government can reduce excise duties, leading to a decrease in prices in the near future.
