Petrol Price In Jodhpur Today

How is Petrol Price in Jodhpur Revised?

Like mentioned earlier, petrol is a commodity and should be priced by fuel companies, which include Indian Oil (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL). A product or a service has to be priced based on certain aspects. Today, fuel enterprises will use dynamic fuel pricing to value the fuel on a daily basis.

Dynamic fuel pricing is a newly launched fuel pricing methodology and is used in a few advanced countries. It mulls two aspects that include the price of crude oil in transnational markets and the currency translation ratio. Consequently, you are experiencing a new fuel rate every day in your city.

Prime Benefits of Dynamic Fuel Pricing

State-run fuel companies in India can minimise the price risk caused by fluctuations in crude oil overheads. They are allowed to deploy the technology required to revise fuel rates. It is a challenging task, but it is possible. Previously, fuel companies had to make two revisions in a month. The first revision used to happen on 1st of every month whereas the second revision used to occur on 16th of every month.

Therefore, there used to be big variations in petrol prices. Since the price of petrol gets revised regularly under dynamic fuel pricing, no big fluctuations can be observed. This way dynamic fuel pricing is extremely helpful for fuel brands to manage their inventory effectively.

How can I Trace Today's Petrol Price in Jodhpur then?

Jodhpur has a big number of IOCL dealers, HPCL dealers and BPCL dealers. Each brand has its own identity and the customer base. These fuel brands offer customer-friendly mobile applications to help its regular customers to trace the latest petrol rate in Jodhpur. You need to have a smartphone to download mobile applications provided by dealers

If you are a fuel customer of IOCL, the name of the mobile application to be downloaded by you is Fuel@IOC. Likewise, BPCL's customers are recommended to make use of its uniquely designed mobile application called SmartDrive. If you are looking to get the fuel rate fixed at HPCL fuel station in Jodhpur, consider downloading My HPCL.

What are the Factors Impacting Petrol Price in Jodhpur?

Petrol price in Delhi, the national capital, is lower compared to Jodhpur. VAT makes fuel rates change from locality to locality. In Delhi, on petrol per litre, VAT was collected at just 27%. On the other hand, in Jodhpur, VAT on petrol per litre was charged at 30.87%. As petrol has become a costlier fuel in India, the Central Government may announce an excise duty cut. Another influencer is the exchange rate. If the USD/INR downfalls, fuel rates will increase proportionately. On the flipside, if the USD/INR appreciates, fuel prices in Jodhpur will decrease equitably.

Does GST Impact Petrol Price in Jodhpur?

Fuel rates in Jodhpur cannot be impacted by GST, which stands for Goods and Services Tax. Petrol is not a taxable commodity under GST. It has been kept outside the realm of GST for a reason. From the perspective of the Central Government, the rollout of GST on petrol will make petrol prices cheaper. Ultimately, the government is more likely to suffer huge losses.

*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.