⛽ Petrol · India · 1947 to today
Petrol Price History
From 27 paise / litre in 1947 to ₹99.51 / litre today — a 369x rise over 79 years.
Petrol prices were government-controlled until June 2010. Pre-2010 prices reflect official administered rates, not market prices.
Current price
₹99.51
/ litre
Since 1947
369x
total increase
All-time high
₹105.41
2022
All-time low
27 paise
1947
Price chart
Petrol · INR · Annual
Dashed lines mark key historical events
Moments that moved prices
1947
Independence
India gains independence. Gold ₹88, Petrol 27 paise. Rupee pegged at ₹4.76 per USD.
Petrol: 27 paise / litre1973
Oil Crisis
OPEC oil embargo triggered a global oil shock. Petrol prices jumped 300% in 18 months — the biggest single shock in Indian petrol history.
Petrol: ₹1.06 / litre1980
Second Oil Crisis
Iranian revolution caused a second global oil shock. Gold hit ₹1,330 — up 800% in a decade.
Petrol: ₹3.47 / litre1991
Economic Liberalisation
India pledged 67 tonnes of gold to avoid default. Rupee devalued in two steps — ₹17.90 to ₹25.83 per USD. Economy opened under Manmohan Singh.
Petrol: ₹9.5 / litre2010
Petrol Deregulated
Government deregulated petrol prices in June 2010. Prices now linked to global crude oil markets.
Petrol: ₹47.12 / litre2020
COVID-19 Pandemic
Lockdowns crashed petrol demand. Gold surged to ₹56,000 — the biggest single-year jump ever. Rupee fell to ₹74 per USD.
Petrol: ₹71 / litre2022
Russia-Ukraine War
Global energy crisis pushed petrol to record ₹105/litre. Gold also spiked on safe-haven demand. Rupee crossed ₹80 for the first time.
Petrol: ₹105.41 / litre2026
US-Iran War
US strikes on Iran's nuclear sites raised fears of Strait of Hormuz closure — through which 40% of India's oil imports pass. The rupee fell sharply from ₹87 to ₹96 per dollar as India's import bill surged and global risk sentiment turned negative.
Petrol: ₹99.51 / litreQuick stats
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