Petrol Price In Guwahati Today

  • Today's Petrol Price ( 26 Oct 2021 )

    ₹ 103.53
    Current Petrol Price Per Litre

    Compare Petrol Price in Guwahati (Today & Yesterday)

    Rate Change
    Petrol ( / litre) ₹ 103.53 ₹ 103.53 ₹ 0 ↑

    Petrol Price in Guwahati - Last 10 Days Data

    Date Petrol ( / litre)
    25 Oct 2021 ₹ 103.53
    24 Oct 2021 ₹ 103.53
    23 Oct 2021 ₹ 103.18
    22 Oct 2021 ₹ 102.82
    21 Oct 2021 ₹ 102.11
    20 Oct 2021 ₹ 102.11
    19 Oct 2021 ₹ 101.75
    18 Oct 2021 ₹ 101.04
    17 Oct 2021 ₹ 101.04
    16 Oct 2021 ₹ 101.04

    Petrol Rate Trend

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    Petrol Price in Guwahati

    How is the petrol price in Guwahati trending in Guwahati, which is the biggest city in Assam? Do you have an idea? The petrol price is not something that you trade, but you are expected to have a fair amount of knowledge about it if you are a user of petrol despite the place where live in. This page has been designed keeping in mind the petrol consumers from the city of Guwahati and covers various facets of the fuel retailing sector in India. Let’s first understand the latest petrol price in Guwahati.

    Today’s petrol price in Guwahati (as on 8 February 2018) is Rs.75.42 per litre at Bharat Petroleum Company Limited (BPCL). So far this year, the fuel vended at an average price of Rs.75.40 per litre. This price encompasses various cost elements. But, the most significant cost elements include state and central levies, crude oil prices and the currency conversion ratio. As on 8 February 2018, one USD is equivalent to Rs.64.48.

    Monthly Petrol Prices in Guwahati

    On the first day of January 2018, the fuel transacted at Rs.71.91 per litre whereas on the closing day of the month it was up almost by Rs.3 per litre. The highest price for the month was Rs.74.98 per litre on 1 January 2018 and the lowest price for the month was Rs.71.91. For December 2017, the lowest price was Rs.70.97 per litre and the highest price was Rs.71.91 per litre. Similarly, for the month of November 2017, the petrol rate in Guwahati was Rs.71.04 per litre on the first day. On the closing day, it increased to Rs.71.15 per litre.

    How is the Petrol Price revised in Guwahati?

    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?

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

    Union Budget 2018-2019 vs Petrol Prices in Guwahati

    Arun Jaitley, while delivering his speech on the Union Budget 2018-2019, said “The Central Government is willing to withdraw a central tax of Rs.2 per litre on petrol, but we have imposed an additional road cess of Rs.8 per litre.” Despite these radical changes, the petrol price in Guwahati was left unaffected even after the announcement of the Union Budget.

    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.
    • According to recent reports, the commission charged by pump dealers increased by Rs.1 per litre.
    • One barrel of crude oil is presently retailing at $65-$67 and it shall be priced at $70 per barrel in the next 12 months.
    • The current central excise duty on petrol presently reduced to Rs.17.34 per litre.
    • The VAT on petrol is 32.66% currently charged by the Government of Assam.

    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. As on 9 February 2018, the exchange rate of the INR against the USD was Rs.65. 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 to over Rs.80 per litre in metro cities like Mumbai. 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.

    Also Check Petrol Price in NearBy Cities of Guwahati

    *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 Guwahati Today

    • Petrol Prices Decline by Up To 41 Paise

      Fuel prices saw a downward trend on Sunday as petrol prices were down by up to 41 paise per litre, while diesel witnessed a decline by up to 46 paise per litre across four major metro cities of the country. After the revision, petrol costs Rs.74.84 per litre in Delhi as compared to Rs.75.25 per litre recorded yesterday. Diesel is being sold at Rs.69.70 per litre in the national capital as against Rs.70.16 per litre yesterday. In Mumbai, petrol is being sold at Rs.76.82 per litre and diesel is available at Rs.72.99 per litre, down by 46 paise. In Chennai, petrol was being retailed at Rs.77.69 per litre compared to Rs.78.13 per litre on Saturday, while diesel is priced at Rs.73.63 per litre. In Kolkata, petrol is available at Rs.76.82 per litre compared to Rs.77.22 per litre yesterday, while diesel is being dispensed at Rs.71.55 per litre. Fuel prices have declined in the last 30 days in the back of a fall in the crude oil price in the international market. While the crude oil was trading at a four-year high of $80 per barrel early October, it’s trading at $59.04 per barrel currently which has prompted fuel prices to decline in the country.

      27 November 2018

    • Petrol Price Nears Rs.92 Mark in Mumbai

      Petrol and diesel prices witnessed a hike in prices on Thursday. In Mumbai, petrol neared the Rs.92 mark today as oil companies increased petrol prices by 14 paise per litre, while diesel rate was increased by 21 paise a litre. With the new rates, petrol costs Rs.91.34 per litre in Mumbai and diesel costs Rs.80.10. Meanwhile, in Delhi, the petrol price rose by up to 15 paise per litre to cost Rs.84 a litre, while diesel price increased by 20 paise a litre to be sold at Rs.75.45 a litre. Fuel rates have been on the incline since mid-August 2018. While petrol prices have gone up Rs.6.59 a litre, diesel prices have inclined by Rs.6.37 per litre. The incline in petrol and diesel prices is primarily attributed to the steep increase in the global crude oil prices and the significant drop in the exchange rate of the Indian rupee over the U.S. dollar. While the rupee has fallen to 73.33 against the dollar, the cost of Brent Crude has touched $78 per barrel. Both these factors have influenced the rise in fuel prices in the country.

      12 October 2018

    • Gadkari Agrees that high Petrol Prices are Hurting People

      Union transport minister Nitin Gadkari has admitted that the ever-increasing petrol prices are hurting the general public of the country. The minister while speaking during the 3rd Bloomberg India Economic Forum held at Mumbai termed the petrol prices as being ‘very high’. The price of petrol has been on the rise since August 1 and as of Tuesday every litre of petrol in the financial capital cost Rs.89.54. On being asked the question of cutting down the excise duty rates, the minister stated that it was up to the finance minister. The minister hoped that with there being a likelihood of global crude oil prices coming down, the rates of petrol in the country might also see a decline. It needs to be mentioned here that petrol costs the highest in Maharashtra as it charges the highest VAT on petrol in the country, which is a little over 39%. In places like Mumbai, Thane, and Navi Mumbai the VAT charged is 25%. Since August 31, the prices of petrol in Mumbai has gone up by Rs.2.60 for every litre.

      20 September 2018

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