An Overview of Hindustan Petroleum Corporation Limited

Hindustan Petroleum Corporation Limited, abbreviated as HPCL, is a public sector oil marketing company headquartered in Mumbai. It has been listed on the National Stock Exchange and the Bombay Stock Exchange. It has two refineries located in Mumbai and Visakhapatnam. Owing to its premier quality products and services, HPCL has gained brand loyalty. More than 50% shares of HPCL are owned by Oil and Natural Gas Corporation Limited (IOCL) currently. The company has a workforce of 10,500 plus employees deputed at various centers across India.

HPCL Product Lines

The product lines of HPCL include diesel, emulsions, petrol, ATF, LPG, etc. The company has a huge network of fuel stations to retail petroland diesel, which are the prime products. HPCL petrol is largely consumed by motorists, while HPCL diesel is used by retail and institutional customers, transport companies, agriculturists, etc. HPCL is a leader in the segment of lubricants. The lubricant retailed by this company consists of Racer4, Laal Ghoda and Thanda Raja. The Liquified petroleum gas (LPG) offered by HPCL is famous in the indigenous and transnational markets. It is also a key player in the segment of aviation turbine fuel.

Fuel Pricing at HPCL

Like Bharat Petroleum Corporation Limited (BPCL) and Indian Oil Corporation Limited (IOCL), fuel pricing is transparent at HPCL because of dynamic fuel pricing. HP petrol prices are reset on the basis of the currency translation ratio and petroleum rates. HP diesel prices are also reset based on the daily revision system. The Centre can just impose excise duty but it cannot influence the pricing of diesel and petrol. The revised HPCL fuel prices are automatically disclosed at 06:00 a.m. every day across all the fuel stations. HPCL fuel prices may increase or decrease just by a few paise. If there is no significant changes in the crude oil overheads and the exchange rate, HPCL will retain the same price.

My HPCL – A Mobile Application Introduced by HPCL to Trace the Revised HPCL Petrol Price

Owing to the introduction of the daily price revision system last year, not only HPCL fuel prices but also the fuel prices of other oil marketing entities are updated regularly. How can you get the latest fuel price in your city? HCPL introduced a mobile application called My HPCL. This mobile application can be downloaded by Android, iOS and Windows users and has primarily been designed to help its customers get the recent HPCL petrol prices and also HPCL diesel prices. My HPCL is strongly recommended to those seeking to use HPCL fuels. Once you download the application, you can:

• Calculate the mileage of your automobile, be it a two-wheeler or a four-wheeler.
• Set the reminders on the payments of insurance, engine oil alteration, etc.
• Find the closest HPCL fuel station.
• Make use of tyre pressure chart.

Other Options to Trace the Latest HPCL Petrol Price

You need to have a smartphone to download the mobile application. If you are not using a smartphone, another option you may consider using is the SMS. You just need to type the text and send it to a prescribed number. Send HPPRICE DEALER CODE to 9222201122. The dealer code can be obtained at a fuel station close to you. Once you send the message, you will get the revised HP fuel price immediately. HPCL customers can also make use of the online facility for the same purpose. They have to visit the website, which is www.bharatpetroleum.in, and locate an option called Pump Locator to view the recent price offer.

HPCL Petrol Prices versus HPCL Diesel Prices

There have been several aspects that make petrol prices higher than dieselprices. The major aspects comprise local and central taxes, the cost of refining, demand, etc.

Crude oil is processed to extract different types of products, including diesel and petrol. The refinery expenses incurred on petrol are higher compared to diesel. The excise duty and the state levies imposed on petrol are also higher than diesel. Therefore, the price of a litre of HPCL diesel is lower compared to the price of a litre of HPCL petrol.

HP Petrol Price in Mumbai between July 2018 and September 2018

As of 1 July 2018, HP petrol price stood at Rs.82.94 in Mumbai, which is the capital city of Maharashtra. It was revised to Rs.83.76 a litre on 31 July 2018. HP fuel prices were increased by 0.98% this month. The highest and lowest fuel prices were Rs.84.33 and Rs.82.94 respectively for the month of July 2018. For August 2018, the opening and closing HPCL fuel rates stood at Rs.83.76 and Rs.85.93 respectively. On 1 September 2018, HPCL petrol was sold at a price of Rs.86.09 a litre. The fuel price per litre crossed the Rs.90 mark on 21 September 2018 in the city of Mumbai.

HP Petrol Price in Chennai between July 2018 and September 2018

For the month of July 2018, the opening date fuel price was reported to be Rs.78.40 a litre in Chennai, which is the capital city of Tamil Nadu, while the closing date fuel price stood at Rs.79.26. HP petrol prices increased by 2.86% in the month of August 2018. As of 1 September 2018, HP petrol was valued at Rs.81.81 a litre. The fuel price was up by 5.75% in September 2018 in Chennai.

HP Petrol Price in Kolkata between July 2018 and September 2018

On 1 July 2018, a litre of HPCL petrol was priced at Rs.78.23 in Kolkata, and on 31 July 2018, the fuel price was up just by Rs.1.22. In August 2018, HP petrol prices once again exhibited an increasing trend. When revised on 1 September 2018, HPCL petrol rate stood at Rs.81.60 a litre in the city of Kolkata. The growth rate in September 2018 was Rs.4.34%.