Petrol Price In Dehradun Today

  • Today's Petrol Price ( 18 Apr 2019 )
    ₹ 72.66
    Current Petrol Price Per Litre
    Compare Petrol Price in Dehradun (Today & Yesterday)
    Today
    (18 Apr 2019)
    Yesterday
    (17 Apr 2019)
    Rate Change
    Petrol ( / litre) ₹ 72.66 ₹ 72.66 ₹ 0 ↑
    Petrol Price in Dehradun - Last 10 Days Data
    Date Petrol ( / litre)
    18 Apr 2019 ₹ 72.66
    17 Apr 2019 ₹ 72.66
    16 Apr 2019 ₹ 72.66
    15 Apr 2019 ₹ 72.7
    14 Apr 2019 ₹ 72.61
    13 Apr 2019 ₹ 72.61
    12 Apr 2019 ₹ 72.61
    11 Apr 2019 ₹ 72.56
    10 Apr 2019 ₹ 72.56
    09 Apr 2019 ₹ 72.56

    Petrol Rate Trend

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    Petrol Price in Dehradun

    Dehradun is currently the provisional capital of Uttarakhand. National Institutes and Organisations such as Oil and Natural Gas Corporation Limited (ONGC) and the Indian Institute of Petroleum are situated in the city of Dehradun. The city is also home to the Indian Military Academy and other premier educational and training institutes.

    Situated between the river Ganges and Yamuna, Dehradun is popular for its scenic landscape attracting tourists from across the country. The city’s transportation system is well aided by State-run buses as well as private taxis and auto rickshaws. Two-wheelers and four-wheelers add to the vehicular density to the city.

    With an increase in the vehicular population, petrol consumption is on the rise in the city. Petrol prices are revised daily in Dehradun similar to other cities in the country. Why are petrol prices revised daily? What are main aspects of pricing of petrol? Why does petrol prices increase? Given below is an analysis that offers insight into these questions which influence the petrol price in a city like Dehradun.

    How are Petrol Prices in Dehradun Assessed?

    The Retail Selling Price (RSP) of petrol in Dehradun includes the global crude oil price, freight charges, the refinery transfer price (RTP), dealer commission, the central government’s excise duty, and the Value Added Tax (VAT) levied by the state government.

    The price of crude oil is the price incurred by State-owned oil marketing companies (OMCs) by purchasing it from oil-producing countries. Currently, the cost for a barrel of crude oil, which holds 159 litres, costs $66.96. The price of a litre of crude oil is added to the price breakup of petrol. Apart from the cost of the crude oil, the refinery cost is also incurred by OMCs. The dealer commission levied by fuel station owners may vary within a city.

    What Factors Influence Petrol Prices in Dehradun?

    Petrol prices in India fluctuate daily due to several factors which are external and internal in characteristics. While the crude oil rate and the US dollar exchange rate are external in nature, taxes and other operational costs form internal factors. Let’s review each of the factors in detail to understand what increases or decreases the petrol price in Dehradun.

    • External Factors: Crude oil is purchased in barrels from oil-producing countries. Any shortage in production or supply, higher demand or geopolitical tensions increases the price of crude oil in the international market, while an increase in production or supply leads to a decrease in the crude oil rate. Since crude oil rates are dynamic in nature, petrol prices are revised accordingly. Trading of crude oil in the international market happens in US dollars. Any fluctuations in the dollar value impact the cost to purchase the crude oil. Therefore, any appreciation or depreciation in the US dollar value affects the petrol price.
    • Internal Factors: The petrol price breakup includes taxes levied by the Centre and the respective State where petrol is sold. The central government levies Rs.19.48 per litre as excise duty, while the state of Uttarakhand charges VAT at 29%. Taxes form the biggest components in the breakup of the petrol price in India. The crude oil is purchased and refined at the refinery by OMCs such as Indian Oil, Bharat Petroleum and Hindustan Petroleum. The OMCs add their profit margin, overhead expenses and dealer commission before petrol is sold at the RSP. Any changes to tax rates, profit margins or dealer commission leads to a revision in the petrol price in Dehradun and in other cities across the country.

    How Often are Petrol Prices Revised in Dehradun?

    Until 16 June 2017, petrol prices in Dehradun and across other cities in India were revised on a fortnightly basis taking into account the fortnight average price of the global crude oil and the US dollar exchange rate. However, this didn’t let OMCs revise the petrol price in case there was a sudden spike in the crude oil price. To offset any losses incurred by the oil companies, the ‘dynamic fuel pricing’ mechanism was introduced.

    Under the new pricing mechanism, petrol rates are revised daily based on the previous day’s crude oil price and the dollar exchange value. Petrol rates are updated daily at 6:00 a.m. IST. The daily revision in fuel prices has been implemented to pass the changes in the global crude oil price to the end consumer.

    Methods to Track the Current Petrol Price in Dehradun

    With petrol prices revised on a daily basis, there are several methods to track the latest petrol price in a city. Customers can track the petrol price through mobile apps, SMS or via OMCs’ respective website.

    • Mobile Apps: Oil companies have launched mobile apps to find out the current petrol rate in a city. The ‘Fuel@IOC’ app by Indian oil, the ‘SmartDrive’ app by Bharat Petroleum, while the ‘My HPCL’ app by Hindustan Petroleum offers the current petrol price in Dehradun.
    • SMS: For those looking to make use of the SMS service, customers can send SMS in the below format to track the respective city’s current petrol price.
      • IOC: Type RSPDealer Code and send SMS to 9224992249.
      • BPCL: Type RSPDealer Code and send SMS to 9223112222.
      • HPCL: Type HPPRICEDealer code and send SMS to 9222201122.
    • Online Portal: OMCs update their respective website with the latest petrol price in cities across the country.

    Petrol Vs. Diesel Price in Dehradun

    Petrol rates are higher compared to diesel prices in India. This is due to higher taxes and the extensive use of diesel by commercial and public transportation system - which aid the economy of the country. While petrol attracts excise duty of Rs.19.48 per litre, diesel is levied Rs.15.33 a litre. Also, the VAT charged by Uttarakhand on petrol is 29% while of diesel is 16.94%.

    The average petrol prices in the month of April in Dehradun stood at Rs.76 per litre and the average diesel rate stood at Rs.65.65 a litre with an average difference of Rs.10.35 a litre.

    Effect of GST on Petrol in Dehradun

    While petrol is charged with excise duty and VAT in Dehradun, the new Goods and Service Tax (GST) is not applicable to the fuel. Since the current tax rate is higher compared to the highest tax slab in the GST, the revenue generated by the government will be impacted. However, if petrol comes under the GST, the final price at which the end consumer pays will reduce significantly.

    *Disclaimer: BankBazaar makes no guarantee or warranty on the accuracy of the data provided on this page, the prevailing prices are susceptible to change and provided on an as-is basis. We accept no liability for any loss arising from the use of the data contained on this website.

    News About Petrol Price In Dehradun Today

    • Petrol prices hiked by Rs.0.38 per litre

      On Monday, Oil Marketing Companies hiked the prices of petrol by Rs.0.38 per litre. The hike in the prices saw the price for one litre of petrol cost Rs.70.13 in the national capital.  In the financial capital of the country i.e., Mumbai the cost of petrol was Rs.75.77 following the increase in the rates. It needs to be mentioned here that the hike on Monday saw that the price of petrol in Delhi crossing the mark of Rs.70 for the first time in 2019. 

      It is noteworthy to mention here that the rates of petrol had touched its peak on October 4 which prompted the government to cut the excise duty rates by Rs.1.50 as well as forcing them to ask state-owned oil companies to absorb Re.1 per litre. This development along with the fact that global crude oil prices went down by around 30 per cent helped in bringing down the prices of fuel in the country. 

      It is noteworthy to mention here that with the OPEC-led nations deciding to cut the production of oil, it is feared that the prices may continue to increase in the upcoming days. 

      14 January 2019

    • The Shares of Oil Marketing Companies Downfall as the OPEC Speaks About the Reduction in the Throughput

      The OPEC has sent the indications that it will reduce the throughput of unrefined oil by million barrels a day beginning from the first month of 2018. The indications have forwarded the equity shares of oil marketing companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum falling yesterday. Over the last three months, the oil marketing companies declared a fall in year-on-year net profit because of a low gross refining margins and the reserves for foreign exchange.

      The net profits of Bharat Petroleum, Hindustan Petroleum and Indian Oil have fallen by 48%, 37% and 12% respectively. It has been noticed by Axis Capital that the intervention of the government and highly volatile crude oil rates have been the major concerns impacting the oil marketing companies. Increasing crude oil rates and a falling INR are considered as very riskier for the oil marketing companies. In the quarter ending on 30 September, the INR fell by 9% and the cost of crude oil increased by 46%. Even though petrol and diesel prices have been deregulated a long time ago, the OMCs were asked by the government to absorb 1 rupee.

      14 November 2018

    • Fuel Rates Increased Further As Crude Oil Rates Incline

      Fuel rates were increased marginally today attributed by the rise in the global crude oil prices which touched $82.20 per barrel. Petrol rates were increased by 14 paise per litre, diesel was increased by 10-11 paise a litre across four major metro cities in the country. As per State-run oil companies, petrol costs Rs.82.86 per litre in Delhi, Rs.84.68 in Kolkata, Rs.90.22 in Mumbai and Rs.86.13 in Chennai. Diesel rates stand at Rs.74.12, Rs.75.97, Rs.78.69 and Rs.78.36 in Delhi, Kolkata, Mumbai and Chennai, respectively. The increase in fuel rates is attributed to the significant incline in the global crude oil prices along with the drop in the exchange rate of rupee over the U.S. dollar. Tuesday’s increase is the sixth consecutive hike in petrol prices, while its the second for diesel. India is the third largest importer of crude oil in the world making it an expensive product in the country as its being utilised to transport essential goods across the country. The new rates are effective from 6:00 am IST today.

      1 October 2018

    • Check Petrol Prices in Metro Cities

      Petrol prices were not changed on Wednesday after increasing the prices continually over the last ten days. Even though, fuel rates still remain at an all-time high. A litre of petrol is retailing at Rs.79.31 in Delhi, which is the capital city of India according to oil marketing companies. Similarly, a litre of petrol has been priced at Rs.86.72 in in Mumbai, which is the capital city of Maharashtra; Rs.82.41 in Chennai, which is the capital city of Tamil Nadu; and Rs.82.22 in Kolkata, which is the capital city of West Bengal.

      Petrol rates fluctuate in each state because of sales tax or value-added tax. This is a prime reason why fuel rates have been cheaper in the capital city of India. Excise duty remains unchanged throughout the country. As of 5 September 2018, excise duty imposed by the Central Government stood at Rs.19.48 on petrol per litre whereas excise duty on diesel per litre stood at Rs.15.33. As on the same date, sales tax imposed by the Delhi Government on petrol was 27% whereas on diesel it was 17.24%. Mumbai, the capital city of Maharashtra, levies sales tax on petrol at the highest rate.

      11 September 2018

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