Get to know the latest fuel prices across multiple cities in India. This is updated on a regular basis so that you are always aware of accurate fuel rates in India wherever you are.
₹ 0
Ltr | Today | Yesterday | Price Change |
1 ltr | ₹ 101.1 | ₹ 101.1 | ₹ 0 |
Date | Price |
05 Sep 2025 | ₹ 101.1(0) |
04 Sep 2025 | ₹ 101.1(0) |
03 Sep 2025 | ₹ 101.1(0) |
02 Sep 2025 | ₹ 101.1(0) |
01 Sep 2025 | ₹ 101.1(0) |
31 Aug 2025 | ₹ 101.1(0) |
30 Aug 2025 | ₹ 101.1(0) |
29 Aug 2025 | ₹ 101.1(0) |
28 Aug 2025 | ₹ 101.1(0) |
27 Aug 2025 | ₹ 101.1(0) |
*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
All state-owned oil marketing companies in Odisha have started revising fuel rates on a daily basis since 16 June 2017. They have stopped using the 15-year old fortnightly revision system. Revising fuel rates on a daily basis is called the daily revision or dynamic fuel pricing. The daily revision has been in use in other developed countries such as Russia, the United States of America, Australia and German.
Dynamic fuel pricing offers significant benefits to consumers and oil marketing companies. Fuel pricing is done on the basis of the cost of crude oil and the currency conversion ratio under the dynamic fuel pricing system. Variations in crude oil rates and the exchange rate are reflected instantly in the retail selling price of petrol. Inventory management is not complicated under the new system.
There are three options through which the latest petrol price can be tracked. All oil marketing companies offer an SMS service. They have also designed unique mobile applications, which can be downloaded by customers to track the latest price. The mobile application designed by Hindustan Petroleum is called 'My HPCL'. The mobile application created by Indian Oil is called 'fuel@OIC'. The mobile application designed by Bharat Petroleum is called 'SmartDrive.' Customers can avail the benefit of these services.
The following table shows the price structure of Petrol in Odisha.
Cost Elements | Cost of Petrol |
Crude oil price (including freight) | XXX |
Crude Oil Price per litre | XXX |
Computation of OMC Cost | |
Processing Cost and Refinery Cost | XXX |
Transportation Costs and OMS Margin | XXX |
Fuel Price (after refining) | XXX |
Excise Duty | 19.48 per litre |
Price Charged to Dealers Before VAT | |
Calculation of Dealer Retail Cost | |
Commission Charged to Dealers | XXX |
VAT @26% in Odisha | XXX |
Final Selling Price in Odisha | XXX |
A barrel of crude oil is equivalent to 159 litres. Crude oil is traded in international markets and it is paid in the USD. Freight charges are remitted by oil marketing companies and are included in the cost of crude oil. Other expenses incurred by oil marketing companies consist of marketing costs, transportation expenses, processing costs, entry taxes and refinery transfer price.
According to the data published by Petrol Planning and Analysis Cell, the state VAT imposed on petrol was 26% in Odisha, 27% in New Delhi, 26.25% in Haryana, 32.91% in Rajasthan and 47.64% in Maharashtra. In Goa, it is just 17%. Among all Indian states, the VAT in Maharashtra was the highest as on 1 September 2017. It is the lowest in Goa.
Which factors do you think affect the petrol price? Why do petrol prices differ from one state to another? Why do petrol prices change? As we know, the price of petrol in New Delhi is the lowest compared to all Indian cities. It is because of the fact that the state VAT imposed on petrol by the Delhi government is comparatively less. In Odisha, the petrol price is more compared to New Delhi. The higher the state VAT, the higher will be the cost of petrol. The lower the state VAT, the lower will be the petrol price.
The central excise duty has been recently reduced to Rs.19.48 per litre by the central government on 3 October 2017. After the revision, petrol prices across all Indian states including Odisha were down almost Rs.2 per litre. This is how the revision of the excise duty impacts the petrol price charged to customers. The excise duty and the state VAT are domestically controlled. Another determinant is the cost of crude oil, which cannot be domestically controlled. When the cost price of crude oil falls in global markets, the cost of petrol falls. On the other hand, if the cost of crude oil goes up, the petrol price increases as a result.
GST does not impact petrol prices in Odisha. Petrol was priced at Rs.66.77 in October 2017. If GST is levied on petrol, the petrol price will fall down approximately to Rs.45.00 per litre at 28%. Whether or not to bring petrol under the regime of GST is left at the discretion of the central government. The imposition of GST on petrol at the current rate will bring down the petrol rate in Odisha. Eventually, the government stands to lose the major chunk of revenue source.
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