Petrol Price in Mumbai

Q: What is the current price of petrol in Mumbai?

The current petrol price in Mumbai is *#1ltPetrolRate*#

Q: What was the cost of petrol in Mumbai yesterday?

Yesterday’s cost of petrol in Mumbai was *#1ltPetrolRate-1*#

Mumbai is a city celebrated for its rich cultural diversity and iconic landmarks. Known as the "City of Dreams," it features attractions such as the Gateway of India and the Elephanta Caves, which draw visitors from around the world. As a significant economic centre, Mumbai's transportation system depends heavily on fuel, making it essential for residents to stay informed about the petrol price in Mumbai.

Today Petrol Price in Mumbai

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Updated on: 7th April, 2026

Current Petrol Price Per Liter
₹ 103.49

This guide will explore today’s petrol price in Mumbai, the factors that influence them, and how petrol pricing functions within this dynamic urban environment.

Historical Monthly Petrol Prices in Mumbai

Analysing monthly trends can reveal how petrol prices in Mumbai have changed over time. This examination highlights the factors driving these changes and can offer predictions about potential future increases.

Overview of Petrol Prices in Mumbai

In Mumbai, petrol prices are updated daily at 6:00 AM through a dynamic pricing system. Various factors, including supply and demand, the exchange rate between the Indian Rupee and the US dollar, geopolitical events, and global crude oil price fluctuations, significantly influence these rates.

Key Factors Affecting Petrol Rates in Mumbai

The following are factors that affect the cost of petrol in Mumbai:

Dealer commissionsGeopolitical events
Natural disasters
Government subsidies
Supply and demand
Currency exchange rate
Global crude oil prices
Taxes (VAT, Excise Duty, etc.)

Difference in Petrol and Diesel Rates in Mumbai

In Mumbai, diesel typically costs less than petrol. The table below provides a comparison of their prices:

Petrol Price (₹/Per Litre)	Diesel Price (₹/Per Litre)	Price Change
103.49	90.01	₹13.48

Understanding the Components of Petrol Pricing in Mumbai

Several key factors influence the current petrol price in Mumbai:

Global Crude Oil Prices: The international price of crude oil is a major determinant of petrol prices. Fluctuations in crude oil prices directly affect the cost of petrol in the region.
Dealer Commission: The earnings that petrol pump dealers receive from fuel sales are included in the petrol price. This commission is essential for their business operations.
Excise Duty and Road Tax: The Indian government imposes excise duties and road taxes on petrol, which significantly contribute to the overall retail price.
OMC Refining Costs: These are the expenses incurred by oil marketing companies when refining crude oil into fuel and other products.
Inflation Buffer: A buffer is added to account for potential future increases in crude oil prices or refining costs.
VAT or Sales Tax: State governments levy sales taxes or VAT on petrol, which can vary significantly between states, affecting the final price paid by consumers.

Stay Updated: Latest Petrol Rates in Mumbai

Here is the latest petrol price in Mumbai:

State	Today’s Petrol Price (₹)
Mumbai	103.49

FAQs

What is the current price of petrol in Mumbai?

The current petrol price in Mumbai is ₹103.49

How often are petrol prices in Mumbai updated?

Petrol prices in Mumbai are updated daily at 6:00 AM based on dynamic fuel pricing mechanism.

What are the main determinants of Mumbai's petrol prices?

Petrol prices in Mumbai are shaped by various key factors such as geopolitical events, supply and demand, international crude oil prices, and the exchange rate between the US dollar and the Indian rupee.

How do local taxes and levies impact petrol rates in Mumbai?

In Mumbai, the cost of petrol is significantly influenced by the Value Added Tax (VAT) and local levies. Any legislative changes or shifts in economic conditions that modify these tax rates will have a direct impact on the price consumers pay for petrol.

Why are petrol prices different from diesel prices in Mumbai?

In Mumbai, the difference in petrol and diesel prices is mainly due to the varying local tax structures applied to each fuel type.

Which is generally more expensive in Mumbai: petrol or diesel?

In Mumbai, petrol is typically more expensive than diesel.

How is the retail price of petrol in Mumbai broken down?

Several important factors determine the retail price of petrol in Mumbai. These include crude oil prices, excise taxes, Value Added Tax (VAT), dealer commissions, and the refining costs borne by oil marketing companies (OMCs).

What was the cost of petrol in Mumbai yesterday?

Yesterday’s cost of petrol in Mumbai was ₹103.49

Why do petrol prices change daily in Mumbai?

Fuel costs in Mumbai are influenced daily by various factors, including the exchange rate between the Indian rupee and the US dollar, global crude oil prices, supply and demand, and geopolitical developments.