Petrol Price In Guwahati Today

Indian Oil, Hindustan Petroleum and Bharat Petroleum and Shell Oil shall make use of dynamic fuel pricing system to review fuel prices. Earlier, they used to revise fuel prices twice a month. The fuel revision used to happen on 1 and 16 of each month. Dynamic fuel pricing enables oil marketing companies to quickly transfer even slight variations in the INR/USD exchange rate, crude oil rates to the buyers of petrol in Guwahati.

The revision has to be done every day at 6:00 a.m. and the revised price has to be uploaded onto the websites of oil marketing companies for the public. The same can be obtained by visiting the respective websites. The latest petrol price in Guwahati can also be traced through mobile applications, which have been designed by OMCs. Fuel consumers can also make of SMS alert services as well.

What are the benefits of Dynamic Fuel Pricing?

1. Market dynamics are quickly transferred to the end users of petrol.
2. Operational overheads can be minimized and time can be saved for OMCs.
3. The capital, which is required to run day-to-day activities (working capital), could be well-managed by OMCs.
4. Cash inflows and cash outflows, which affect the operational efficiency of OMCs, can also be well-managed.
5. The fuel retailing sector of the country can be interlinked to the global fuel industry.

How are Petrol Prices calculated?

The retail selling price of petrol = Refinery transfer price + crude oil rates + central levies + state levies + OMC expenditures + pollution cess + profit margin of oil marketing companies + commission levied by pump dealers.

The refinery transfer price is paid by oil marketing companies. It differs from time to time.

Factors affecting Petrol Prices in Guwahati

Petrol prices are more likely to rise when the price of crude oil increases, the Central Government increases the excise duty, the State Government increases the Value-added Tax and the Indian currency drops against the USD. They will fall when the USD drops against the INR. This exchange rate is determined on the basis of the overall public debt of the country, bank interest rates set by the RBI, the inflation rate and the monetary policies of the country.

What is the effect of GST on Petrol Prices in Guwahati?

Petrol is supplied by oil marketing companies to retail petrol bunks at a price of Rs.30 per litre. It has been the imposition of the central tax and state levies, which will result in increasing the rate of the fuel. The tax, which is imposed on petrol, gives a major source of revenue for the government. If GST is levied on petrol even at the highest rate of 28%, the major revenue source for the government is negatively affected.

*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.