Petrol Prices in India Over the Past two decade, India has Witnessed Significant fluctuation in Petrol Price. Since the Early 2000s, factor such as global Crude oil rate, Govt Policie and Geo-Political development such as the Conflict between the ( USA and Iran) have Profoundly influenced change in Petrol Price.
While Petrol Price were relatively low in the early 2000s, they have Reached record high by the Year 2026. In this blog post, we will Discus in Detail the trend in Petrol Price in India from 2005 to 2026 as well as the Primary reason behind the Continuou Rise in these Price.
Also Read: Petrol Price in India Today
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Petrol Price in India History
Since The Country independence, Petrol Price in India have Consistently risen. The Primary Reason for this include fluctuation in Global Crude oil Price, Volatility in the Rupee Dollar Exchange rate and Government decision Regarding Varying state tax slab.
Prior to the Economic Liberalization of 1991 Petrol Price in the Country Were Strictly Controlled however, Subsequently the impact of Global Crude oil Price on Domestic rate became more Pronounced, even as government Oversight Continued. Outlined here are the key factor that have influenced Petrol Price in India from 1947 to 2026.
Global Crude Oil Price: This is Considered the Single most Significant Factor Determining Petrol Price in India.
Rupee Dollar Exchange Rate: A Depreciation of the Rupee Against the Dollar increase the cost of importing Crude oil into the Country.
Excise Duty and VAT: The addition of taxe levied by the Central and State Government, along with Dealer commission drive up the retail Price of Petrol Significantly.
Refining and Distribution Cost: Fluctuation in Refining cost have a Major impact on the Final Price of Petrol in India.
Geopolitical Tension: Unforeseen Event Such as War situation and disruption in the oil Supply Chain can have a Severely adverse effect on Petrol Price in India.
Petrol Price in India Since 1947 to 2026
Between 1947 and 2026 India has Witnessed an upward Trend in Petrol Price the reason for which are outlined below:
Petrol Price in 1947: In 1947 the Price of Petrol in India ranged from Approximately ₹0.25 to ₹0.27 Per Liter. Today, Petrol Price are significantly higher due to Inflation, fluctuating Rupee Dollar Exchange rate and state Government taxe.
Petrol Price in 1970: In 1970, the rate of increase in Petrol Price was Considerably Lower Compared to that of 1947. In 1970, the Price of Petrol in India stood at ₹0.90 Per Liter.
Petrol Price in 1990: Country economic Liberalization, the Government of India used to Control Petrol Price, in 1990, the Price of one liter of Petrol was approximately ₹4.20.
Petrol Price in 2004: By the end of 2004, the Price of petrol in India ranged from approximately ₹33 to ₹36 per Liter.
Petrol Price in 2013: By the Year 2013, Petrol Price in India had Nearly doubled Compared to the Price in 2004. In 2013, the Price of Petrol was approximately ₹70 to ₹76 Per Liter.
Petrol Price in 2014: In 2014 petrol price in India Remained Largely stable at Approximately ₹72.43 Per Liter.
Petrol Price in 2026: Amidst Rising global tension and geopolitical issue, an increase of ₹2 Per Liter was recorded in the Price of Premium petrol, effective from March 20, 2026.
Petrol Price in India from 2005 to 2026
From 2005 to 2026 Petrol Price in India have Witnessed Significant fluctuation due to Variou factor. The Table below illustrate the Year-on-Year Petrol Price in India:
| Year | ₹/Litre) |
|---|---|
| 2005 | ₹38 |
| 2006 | ₹41 |
| 2007 | ₹44 |
| 2008 | ₹51 |
| 2009 | ₹48 |
| 2010 | ₹52 |
| 2011 | ₹63.77 |
| 2012 | ₹68.57 |
| 2013 | ₹72.26 |
| 2014 | ₹72.43 |
| 2015 | ₹60.50 |
| 2016 | ₹64.38 |
| 2017 | ₹69.99 |
| 2018 | ₹78.52 |
| 2019 | ₹73.83 |
| 2020 | ₹80.43 |
| 2021 | ₹95.41 |
| 2022 | ₹95 |
| 2023 | ₹98 |
| 2024 | ₹100 |
| 2025 | ₹105.01 |
| 2026 | ₹95 |
Generally Petrol price in India have Witnessed a Continuou upward trend between 2004 and 2026. There are Several Primary reason for this, including Government Policie linked to global oil Market Price, Taxation, rising Dollar Exchange rateand increasing inflation.
In Recent timethe use of Renewable Energy has increasingly begun to Replace Petrol in Most Vehicle Leading to a decline in Consumer demand for Petrol. Consequently, the Future trajectory of Petrol Price has become Largely Clear and Predictable.
