Petrol Price Today Live | Petrol Price India | Checking the latest petrol price in India

Copyright © HT Digital Streams Limit all rights reserved. Petrol prices are reviewed every day at 6am. From June 2017, petrol prices in India are reviewed daily, which is called the dynamic petrol price method. How are petrol prices determined? In India, the price of gasoline is determined by the cost of crude oil in the international market, the exchange rate of the Indian rupee against the US dollar, and the tax and duties imposed by the government. The price of gasoline is reviewed daily by state -owned oil marketing companies, such as Indian oil, Bharat Petroleum and Hindustan Petroleum, and is adjusted according to changes in the above factors. There are various factors that can affect the price of gasoline, including: Cost of crude oil: The most important factor that determines the price of gasoline is the cost of crude oil, as gasoline is produced by refining crude oil. As the price of crude oil increases, the cost of producing gasoline also increases, which can lead to an increase in the price of gasoline. Exchange rate: The price of gasoline can also be affected by the exchange rate of the local currency against the US dollar, as the cost of crude oil in US dollars is denominated. If the exchange rate of the local currency weakens against the US dollar, the cost of importing crude oil increases, which could lead to an increase in the price of gasoline. Taxes and duties: Governments can impose different taxes and duties on gasoline, which can have a significant impact on the retail price of gasoline. The tax and duties can differ from country to country and can be based on a variety of factors, such as the price of gasoline, the amount of gasoline consumed, and environmental considerations. Refinement and distribution costs: The cost of the refinement and distribution of gasoline also affects the price of gasoline. These costs may depend on the efficiency of the refinement process and the distance between the refinery and the markets where the gasoline is sold. Market question: The demand for gasoline can also affect its price. If the demand for gasoline is high, the price may rise due to the increased competition for limited supplies. On the other hand, if the demand for gasoline is low, the price can fall. Political and economic instability: Political and economic instability in countries that are the most important producers of crude oil or important transport routes for crude oil can also affect the price of gasoline. For example, conflicts or unrest in countries such as Iraq, Venezuela or Russia can disrupt the supply of crude oil and lead to an increase in the price of gasoline. Why does the price of gasoline differ in the nations? The price of gasoline (or gasoline, as it is known in some countries) differs much from different countries due to a variety of factors, including the cost of crude oil, the exchange rate of the local currency against the US dollar, tax and duties imposed by the government, and the level of refinement and distribution costs. Generally, the price of gasoline tends to be lower in countries that are the most important oil producers as it has access to a cheaper source of crude oil. The price of gasoline is also influenced by the level of tax and duties imposed by the government. Countries with higher gasoline taxes tend to have higher prices at the pump. Finally, the competition level in the market can also affect the price of gasoline. In countries with a high level of competition among fuel retailers, prices tend to be lower. How to calculate the retail price of gasoline? The retail price of gasoline is determined by the cost of crude oil, the exchange rate of the local currency against the US dollar, tax and duties imposed by the government, and the level of refinement and distribution costs. To calculate the retail price of gasoline, the following formula can be used: Retail price of gasoline = cost of crude oil + refinement and distribution costs + taxes and duties The cost of crude oil is the most important factor that determines the price of gasoline. This is the price that oil companies pay for crude oil in the international market, which is denominated in US dollars. The exchange rate of the local currency against the US dollar can also affect the cost of crude oil as it determines the cost of importing crude oil into the country. Refinement and distribution costs refer to the costs made by oil companies to refine crude oil in gasoline and spread it to petrol stations. These costs vary between different countries and can be influenced by factors such as the effectiveness of the refinement process and the distance between the refinery and the petrol stations. Taxes and duties are charges imposed by the government on gasoline and other fuel. This may include the excise duty, value -added tax and other taxes and duties specifically for the country. The level of tax and duties can have a significant impact on the retail price of gasoline, as it can make up a large part of the final price. To calculate the retail price of gasoline, you must know the current cost of crude oil, the exchange rate of the local currency against the US dollar, refinement and distribution costs and the tax and duties that apply. How much fuel is entering India? India is a large importer of crude oil and petroleum products, such as gasoline, diesel and cooking gas. According to the Ministry of Petroleum and Natural Gas, the import of crude oil was valued at about 8.2 trillion (about $ 112 billion) in India in 2020-2021, while imports of petroleum products were valued at R 5.2 trillion (about $ 72 billion). According to the data from the ministry, India imported about 215 million tonnes of crude oil in 2020, accounting for more than 80% of its domestic consumption. India imports crude oil and petroleum products from a variety of countries, with the largest sources of Middle East, Africa and Latin America. In recent years, India has tried to diversify its sources of crude oil and petroleum products to reduce the dependence on a single supplier or region. In addition to crude oil, India also imports a significant amount of other petroleum products, including gasoline. The majority of India’s petrol imports come from Singapore and the United Arab Emirates. The import of gasoline is typically used to meet demand in specific regions of the country, where domestic production is insufficient to meet demand. India’s imports of crude oil and petroleum products are increasing in recent years due to a growing demand for these products in the country. India has a limited domestic production of oil and natural gas, and therefore relying much on imports to meet its energy needs. Why does petrol and diesel not follow the GST regime? If you bring gasoline under the GST, it would effectively mean reducing tax on it. The highest tax plate under the GST is 28%, while fuel like gasoline and diesel is from now on more than 100%. To understand the politics of taxes of gasoline and diesel between the center and the state, we must understand the difference between the tax mechanisms of the two. The central government taxes the fuel at a specific tariff using different duties and Cess, while states use a combination of specific and advice rates to tax the fuel. Center part 41% of its collection with states, while states add the entire collection to their respective treasury. Both want to compromise the central government, as well as state governments, with the current tax collection of gasoline and diesel, as it forms a large part of government revenue. In addition, states do not want the center to keep the decision of the tax rates of gasoline and diesel alone as they enjoy the benefit of a dynamic rate in the current tax regime that gives them the freedom to adjust their collection. Read more petrol price in Metro cities 02 April 2025 | Wednesday petrol price in Bangalore Petrol (£/L) £ 102.92 0.00 petrol price in Chandigarh Petrol (£/L) £ 94.30 0.00 petrol price in Chennaiprol (£/l) £ 100.80 0.00 petrol price in Kolkata petrol (£/l) £ 105.01 0.00 petrol (£/l) 105.01 0.00 (£/l) £ 103.50 0.00 petrol price in new delhip petrol (£/l) £ 94.77 0.00 Find fuel price in your regional city Wise Fuel Price Price Petrol Price Change Adilabad 108.83 £/L 0.00 Agar 107.70 £/l 0.00 Agartala 97.53 £/L £/l 0.00 Ahmedadad 94.49 £/l 0.00 Ahmednagar 104.33 £/L 0.00 AIZWAL 99.15 £/L 0.00 AJMER 104.36 £/L 0.00 AKOLA 104.64 £/L 0.00 ALappuzha 105.75 £/L 0.00 SHOW FUSE PRICE City Petrol Price and AMAN Nicobar 82.40 £ petrol gasoline price change and Aman and Nicobar 82.40 £ petrol petrol price and Aman and Nicobar 82.40 £ petrol gasoline price change and Aman and Nicobar 82.4. 0.00 ANDHRA PRADESH 108.45 £/l 0.00 Arunachal Pradesh 90.67 £/l 0.00 Assam 0 £/l -98,19 Bihar 105.60 £/L 0.00 Chandigarh 94.30 £/l 0.00 ChhattisGarh 99,44 £/l 0.00 Dadra and Nagar Haveli 92.57 £ Dadra and Nagar Haveli 92.57 £/l 0.00 +0.01 Daman and Diu 92.37 £/l 0.00 Delhi 94.77 £/L 0.00 shows more petrol prices FAQs daily petrol prices are based on world prices and local taxes. You can find the latest petrol prices in your city on our website. Petrol prices vary due to differences in local taxes and transport costs. Yes, our platform allows you to compare petrol prices on states. International crude oil prices directly affect local petrol prices.