Petrol Price In Kalaburagi Today

  • Today's Petrol Price (04 Feb 2023)

    ₹ 101.64
    Current Petrol Price Per Litre

    Compare Petrol Price in Kalaburagi (Today & Yesterday)

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    Petrol ( / litre) ₹ 101.64 ₹ 101.64 ₹ 0 ↑

    Petrol Price in Kalaburagi- Last 10 Days Data

    Date Petrol ( / litre)
    03 Feb 2023 ₹ 101.64
    02 Feb 2023 ₹ 101.64
    01 Feb 2023 ₹ 101.64
    31 Jan 2023 ₹ 101.64
    30 Jan 2023 ₹ 101.64
    29 Jan 2023 ₹ 101.64
    28 Jan 2023 ₹ 101.64
    27 Jan 2023 ₹ 101.64
    26 Jan 2023 ₹ 101.64
    25 Jan 2023 ₹ 101.64

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    Petrol Price in Kalaburagi

    Petrol price in Kalaburagi, a major city in the South Indian state of Karnataka, varies on a daily basis. Officially known as Kalaburagi, the city of Kalaburagi was previously a part of Hyderabad State but was later incorporated into Karnataka State.

    Located close to two different states – Karnataka and Telangana, the city has a population of more than 10 lakh according to 2014 census. Located in the Kalaburagi urban region, the city boasts a large number of private and personal vehicles.

    Petrol price in Kalaburagi hence plays a critical role in the day-to-day life of a common man. Just like in other Indian cities, petrol price in Kalaburagi is composed of various elements, few of which vary on a daily basis, while other elements affect the rate of petrol once in a while.

    To better understand the dynamics of petrol pricing in Kalaburagi, why it varies on a daily basis, why is it on a constant rise for the past few years, etc., let’s drill down further into the topic.

    Factors affecting Petrol Rate in Kalaburagi

    Petrol price in Kalaburagi, similar to other Indian cities, is made of various national and international elements. While International factors such as international crude oil price and currency exchange rate affect petrol price in the city on a daily basis, domestic elements including central and state government taxes, oil company’s profit margins and dealer’s commission, do show some impact on petrol prices but not on a daily basis.

    Let’s us look at each element that affects petrol price in Kalaburagi in detail.

    • Indian Crude Basket: More than 70% of India’s crude oil requirements are being imported from other countries. The price of Indian crude basket, which is the price of crude oil imported by Indian oil companies, thus plays a critical role in petrol pricing in India.

    The price of crude oil is dynamic in nature and changes on a daily basis depending on a lot of external factors such as demand and supply metrics, climatic conditions and political stability in oil-producing countries. To calculate today’s petrol price in Kalaburagi, yesterday’s price of Indian crude basket will be considered.

    • Currency exchange rate: Crude oil trading typically happens in US dollars across the globe. Indian companies purchase each barrel of oil in US dollars. Hence, while computing petrol price in Kalaburagi, each US dollar will be converted to corresponding Indian rupees. The fluctuating nature of dollar thus shows an impact on the petrol price on a daily basis. Whenever the dollar strengthens, petrol price in Kalaburagi increases and whenever Indian rupee strengthens petrol price declines.
    • Central government taxes on petrol: Indian government collects excise duty on every litre of petrol sold in the country. All the states in India will be charged equal amount of excise duty on petrol. Currently, the excise duty on petrol in India is Rs.19.48 per litre. The recent tax cut happened in February 2017, when the central government reduced excise duty on Petrol and diesel by Rs.2 per litre.
    • Karnataka state tax on petrol: The state governments collects value-added tax (VAT) on every litre of petrol sold in their respective state. Unlike central government’s excise duty, the VAT on petrol varies from one state to another as VAT will be charged differently by each state government.

    Karnataka State government currently levies a VAT of 28.31% on every litre of petrol sold in the state. Since Kalaburagi comes under the state, the same VAT applies for the petrol sold in the city.

    • Profit margins of oil companies: The profit margins of Indian oil companies that include crude oil transportation charges, refining costs, and marketing costs do affect the petrol price in Kalaburagi. However, the change may not be on a regular basis. Whenever there is a revision in profit margins, petrol prices in the city would get affected.
    • Dealer’s commission: Dealers purchase refined oil from oil companies and sell it in their respective petrol pumps. They add oil transportation cost from the refinery to fuel station, pump maintenance costs, etc., in the form of dealers commission to the cost price of petrol. The dealer’s commission is usually decided by the oil companies and will be revised once every year. Hence, it will not show continuous effect on petrol price in Kalaburagi.

    Components of Petrol Price in Kalaburagi, Karnataka

    Using the factors listed above, let’s see how the petrol rate in Kalaburagi on 27th April 2018 was calculated.

    S.NO Component Price
    1 International crude oil price along with ocean freight charges $79.65 per barrel = Rs.32.86/Litre (considering $1=65.61 and 1 barrel oil = 159 litres)
    2 Oil company’s margin, transportation, refining and freight cost Rs.2.82/Ltr
    3 Excise duty Rs.19.48/Ltr
    4 Dealer’s commission Rs.3.60/Ltr
    5 Value added tax (VAT) Rs.17.08/Ltr
    Total Retail selling price of petrol at Kalaburagi Rs.75.84/Ltr

    FAQs on Petrol Price in Kalaburagi

    1. Why does petrol price in Kalaburagi change on a daily basis?

      Petrol price in Kalaburagi changes every day because of the dynamic fuel pricing model. The new pricing mechanism was implemented in India in June 2017. Based on the new pricing model, petrol prices in Kalaburagi will be revised every day considering previous day’s international crude oil price and currency exchange rate. Every petrol pump in Kalaburagi will update the new prices every day by 6 a.m.

    2. Why petrol prices in Kalaburagi are lesser compared to petrol prices in Hyderabad?

      Though Kalaburagi is located close to Hyderabad, petrol price in the former city is lesser compared to petrol prices in Hyderabad because of the state government tax. As mentioned earlier, VAT charged on petrol differs from one state government to another. Since Karnataka levies lesser VAT compared to Telangana government, the price of petrol in Hyderabad is higher than in Kalaburagi.

    3. What is the impact of GST on petrol price in Kalaburagi?

      GST or the goods and services tax was the new taxing system currently in use in India. Since the new tax regime is implemented recently, it is not being applied to all categories of products and services. Though most of the manufactured goods and services and taxed under GST, a few retail products are still kept outside GST net. Petrol and other fuel products are not taxed under GST. Hence, we could still see both the central and state governments collecting separate tax on petrol and diesel. GST thus has no impact on petrol prices in Kalaburagi and also in rest of the country.

    Also Check Petrol Price in NearBy Cities of Kalaburagi

    Petrol Price In Belgaum Petrol Price In Shimoga Petrol Price In Udupi Petrol Price In Bellary
    Petrol Price In Kozhikode Petrol Price In Coimbatore Petrol Price In Mangalore

    *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.

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    Petrol Price In Kalaburagi Reviews

    Page 1 of 5 1 2 3 4 5
    • HDFC Life
      "Need to provide hard copy document"
      HDFC LIFE
      0.5 4.0/5 "Great!"
      HDFC LIFE has offered a life insurance on few year before. At the time agent has given all the details of this policy but main drawback is they haven't provide hard copy document rather given only soft copy. It covers up to myself. Premium amount use to pay on monthly basis which be auto debit from my account. There is no any additional charge for this policy.
      Was this review helpful? 2
      , kalaburagi
      Reviewed on Feb 05, 2020
    • HDFC Bank
      HDFC Bank
      "Good card "
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have been using HDFC credit card for more than 3 years. I got an offer directly from bank. The credit limit is very much sufficient to use. They had enhanced as well. Since this bank is bit liberal for financial purpose and have been using this card. I spent to buy LCD TV and online shopping based on the usage I get reward points. There is option of EMI conversion.
      Was this review helpful? 1
      , kalaburagi
      Reviewed on Feb 05, 2020
    • Fullerton
      "Need to decrease interest charge "
      FULLERTON
      0.5 4.0/5 "Great!"
      Through mobile app, I had taken personal loan from FULLERTON on one year before. The loan amount was 1.5L with tenure period of 2-3 years. EMI use to pay of 8080 rupees. They have not done much conversation with me. I use to get remainder message before 3 days of due date. Rate of interest is high around 14%. They have sanctioned the loan within one week. There is pre closure option at any time.
      Was this review helpful? 4
      , kalaburagi
      Reviewed on Feb 05, 2020
    • HDFC Bank
      "Need to be process at earlier"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I am the customer of HDFC bank for the past 20 years. Generally their service is good and satisfied. Since my credit score is good so I got an offer for a personal loan from this bank. But the process was bit delayed from their end. The amount was sufficient and interest rate was good of 11%. I would suggest them that process to be done on time.
      Was this review helpful? 1
      , kalaburagi
      Reviewed on Feb 05, 2020
    • HDFC Bank
      "Medium"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have applied a personal loan from HDFC bank through online. Since I got an offer so chosen this bank. They offered a loan amount of 50K with tenure period of 1 year. Now I am not aware about interest rate. On sudden the application was closed from bank end without any intimation. I would suggest bank has to share the reason to customer regarding this.
      Was this review helpful? 1
      , kalaburagi
      Reviewed on Feb 05, 2020
    • ICICI Lombard
      "One of the reputed company in the insurance sector"
      ICICI LOMBARD GENERAL INSURANCE
      0.5 5.0/5 "Blown Away!"
      My company has provided me a health insurance policy for all the employees that's from ICICI Lombard. It covers till 21st April. The amount of Rs. 4,600 deducted from my salary because its a group insurance plan. The policy has a coverage value of Rs. 5L which covers for myself and my parents. I have not applied any claim till now.
      Was this review helpful? 1
      , kalaburagi
      Reviewed on Jan 28, 2020
    • HDFC Bank
      "Good compared to others"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC bank for the home renovation purpose. It is a good bank and located near to my office so that I opted the loan with them. They have offered me a interest rate of 12.5% and processing fee was average. They have taken too much time to sanction the loan because of some mis- communication between myself and the sales executive.
      Was this review helpful? 2
      , kalaburagi
      Reviewed on Jan 28, 2020
    • SBI
      "Best savings account"
      STATE BANK OF INDIA
      0.5 4.0/5 "Great!"
      I have taken my savings account from STATE BANK OF INDIA more than 8 years. Since their branch is available near to my home hence I have chosen it. I am using their online banking facility and its good to us. Customer service and responsiveness was good.
      Was this review helpful? 2
      , kalaburagi
      Reviewed on Dec 05, 2019
    • HDFC Bank
      "Easy loan "
      HDFC BANK
      0.5 4.0/5 "Great!"
      I had taken a two wheeler loan with HDFC BANK which was processed through showroom. I have provided requirements for a verification process. By 6 days they have sanctioned a loan for the loan amount of Rs. 72,000 tenure period is 1 year already 6 months over.
      Was this review helpful? 3
      , kalaburagi
      Reviewed on Dec 05, 2019
    • HDFC Bank
      "Need to improve in customer service"
      HDFC BANK
      0.5 1.0/5 "Really Bad"
      Actually I have not received any calls from HDFC Bank, regarding a personal loan which was applied with them. I have taken other loan, but now given request to close it. The customer service was not good in response and not receive any calls, need to improve their service.
      Was this review helpful? 3
      , kalaburagi
      Reviewed on Dec 05, 2019
    • HDFC Bank
      "Need to reduce interest rate."
      HDFC BANK
      0.5 4.0/5 "Great!"
      I applied for HDFC BANK personal loan directly through online, I have not submitted any documents. The loan amount applied is for Rs.1,50,000. Rate of interest offered from bank is very high around 21%, so I denied to process the loan. I have not received any proper response from the bank executive.
      Was this review helpful? 1
      , kalaburagi
      Reviewed on Nov 03, 2019
    • SBI Cards
      "Good card for train tickets"
      SBI CARDS
      0.5 5.0/5 "Blown Away!"
      SBI is a very good service. I'm prompt in paying my bill on a time to time basis. I get a offers like 10% off on AC booking and processing fee and GST is not excluded. I get a offers on my SBI IRCTC credit cards. There is a lengthy process to get the credit card.
      Was this review helpful? 2
      , kalaburagi
      Reviewed on Aug 06, 2019
    • Axis Bank
      "Best card in India "
      AXIS BANK
      0.5 5.0/5 "Blown Away!"
      I have a credit card from Axis bank which is Buzz card. One of the best service i have ever seen from Axis bank. They are having a updates everywhere. They are having a least interest rate and we can convert the EMIs manually. Their app is very much convenient to use.
      Was this review helpful? 4
      , kalaburagi
      Reviewed on Aug 06, 2019
    • HDFC Bank
      "Service is not up to the mark"
      HDFC BANK
      0.5 3.0/5 "Satisfactory"
      There is a geographical limit issue with other banks, hence i got the loan from HDFC bank. I have a issue on HDFC customer care. I received the message stating my personal loan got approved but it took 15 days to dispatched the loan. When i contacted the customer service, there was no updates regarding the loan update
      Was this review helpful? 2
      , kalaburagi
      Reviewed on Aug 06, 2019
    • HDFC Bank
      "AVERAGE"
      HDFC BANK
      0.5 2.0/5 "Expected more"
      I got the offer so taken with the HDFC BANK. The documentation process was simple and easy to get the loan, i have submitted through online. I got the loan within 15 days. The loan amount was lesser, there was processing fee applicable. The rate of interest was higher.
      Was this review helpful? 2
      , kalaburagi
      Reviewed on Apr 17, 2019
    • SBI Cards
      "Recently Purchased credit card"
      SBI CARDS
      0.5 4.0/5 "Great!"
      Recently I applied for this SBI credit card through Executive . I find a good support from that executive by taking care of all the requirements till the delivery of my credit card . SBI provided me a credit limit of more than 50 k and Annual fees is around 500 /- .
      Was this review helpful? 2
      , kalaburagi
      Reviewed on Mar 21, 2019
    • HDFC Bank
      "Very good credit card for other bank users"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I always prefer HDFC service is very satisfactory service . For the last two years , I am using this HDFC credit card . I don't experience any negative things . Very good credit card for on-line shopping with some discount around 5-10 % . With a good credit limit of more than 50 k .
      Was this review helpful? 1
      , kalaburagi
      Reviewed on Mar 21, 2019
    • HDFC Bank
      "A good customer support for getting personal loan "
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      It was around 15 days process for getting the personal loan in HDFC . I got good customer support and care by the HDFC people till my amount get disbursed . I requested the Interest rate less than 15 % , but they fixed around 17 % . According to the norms , they charged me processing fees .
      Was this review helpful? 1
      , kalaburagi
      Reviewed on Mar 21, 2019
    • HDFC Bank
      "Good service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have taken a two wheeler loan with HDFC bank and my experience was good, the loan amount was for Rs 70000 with nominal interest rate when compared to others. Customer service was good, i pay an EMI of Rs 2400 and the tenure period is 24 months.
      Was this review helpful? 5
      , kalaburagi
      Reviewed on Sep 12, 2018
    • HDFC Bank
      "Looking for better credit limit"
      HDFC BANK
      0.5 4.5/5 "Excellent!"
      I hold a money back credit card with HDFC bank from last 7-8 months, there was no annual fee charged for this card. Offers like reward points and cash back are good in this credit card. Net banking is easy to make credit card bill payments. The credit limit is fine in this credit card.
      Was this review helpful? 1
      , kalaburagi
      Reviewed on Sep 12, 2018
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