Petrol Price In Thrissur Today

  • Today's Petrol Price ( 18 Apr 2019 )
    ₹ 75.28
    Current Petrol Price Per Litre
    Compare Petrol Price in Thrissur (Today & Yesterday)
    Today
    (18 Apr 2019)
    Yesterday
    (17 Apr 2019)
    Rate Change
    Petrol ( / litre) ₹ 75.28 ₹ 75.28 ₹ 0 ↑
    Petrol Price in Thrissur - Last 10 Days Data
    Date Petrol ( / litre)
    18 Apr 2019 ₹ 75.28
    17 Apr 2019 ₹ 75.28
    16 Apr 2019 ₹ 75.28
    15 Apr 2019 ₹ 75.33
    14 Apr 2019 ₹ 75.21
    13 Apr 2019 ₹ 75.21
    12 Apr 2019 ₹ 75.21
    11 Apr 2019 ₹ 75.15
    10 Apr 2019 ₹ 75.15
    09 Apr 2019 ₹ 75.15

    Petrol Rate Trend

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    Petrol Price in Thrissur

    Known as the ‘Cultural capital of Kerala’, Thrissur is home to the famous Thrissur Pooram festival which brings people from around the globe. The city is one of the major manufacturing centres of plain gold and rolled gold jewellery and up to 70% of the state’s jewellery is manufactured in the city. The bustling city of Thrissur has a wide network of roads and is well supplied by the public transportation system.

    Thrissur depends largely on private buses, taxis, and auto rickshaws for public transport, while the population of two-wheelers and four-wheelers have increased in the recent past. With most of the residents owning a two-wheeler or a four-wheeler, the city’s fuel consumption has only increased.

    State-owned oil companies such as Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) operate most of the fuel stations in the city. The petrol price in Thrissur is revised on a daily basis with several factors influencing the change in the petrol rates.

    To understand how the petrol price in Thrissur is computed, below is a detailed analysis of the factors which influence the petrol rate in Thrissur.

    How is the Petrol Price in Thrissur Calculated?

    The final or the retail selling price of petrol, which is paid by the end consumer, includes the international crude oil price, profit margin, taxes, dealer commision, and freight charges.

    Petrol price in Thrissur = Excise Duty + Value Added Tax (VAT) + Crude Oil Expenses + Dealer Commission

    The above formula to calculate the petrol price forms the main components of the fuel price. Let’s understand in detail how these components are determined.

    While the Central Government levies excise duty on petrol worth Rs.19.48 per litre, the state of Kerala charges VAT at 32.03%. Hence, any changes in any one of the taxes will directly impact the petrol price in Thrissur. The other components include any changes in the international crude oil price and freight charges, while the dealers or the fuel station owners charge a commision to dispense fuel to the customers.

    The Table below is a breakup of the Petrol Price in Thrissur calculated as of 20 May 2018.

    Sl.No. Component Price
    1 Global Crude or Unrefined Oil Price + Freight Charges $72.50 per barrel = Rs.31.17/Litre (considering $1=68.36 and 1 barrel oil = 159 litres)
    2 Profit margin of Oil Companies, transportation, refining, and freight charges Rs.5.93/Ltr
    3 Central Excise Duty Rs.19.48/Ltr
    4 Dealer Commission Rs.3.62/Ltr
    5 Value Added Tax (VAT) Rs.19.28/Ltr
    Total Retail selling price of petrol in Thrissur Rs.79.48/Ltr

    Influencers of the Petrol Price in Thrissur

    India purchases nearly 80% of crude oil from the Organisation of Petroleum Exporting Countries (OPEC), which is then refined and sold to the end consumers. Since India’s transportation depends on the imported crude oil, let’s understand what influences the petrol rates to change every day.

    • Fluctuations in the International Crude Oil Price: Any revision in the cost of the crude oil in the international market affects the price of petrol in the country as well as in the city of Thrissur. Why does the crude oil price change? Due to production cuts, shortage in supply, geopolitical reasons, and a higher demand increases the rate of crude oil in the global market. This comes down to the cost we pay for a litre of petrol in Thrissur or any other cities in the country.
    • Change in the Exchange Rate of the US Dollar over the Indian Rupee: The commodity trading of the crude oil happens in US dollars and India depends on the value of the US dollar to purchase the unrefined oil from the OPEC. Any appreciation in the US dollar value increases the price of petrol or decreases if the dollar depreciates in the exchange market.
    • Tax on Petrol in Thrissur: As mentioned, petrol attracts taxes from the Central Government and the State Government. While the Centre charges excise duty of Rs.19.48 for a litre of petrol, the State implies VAT at 32.03%. Any changes in the tax slab lead to changes in the petrol price in Thrissur.
    • Oil Companies’ Profit Margin & Dealer Commission: The oil companies purchase crude oil which is then refined and sold to the dealers across the country. Including the freight charges, the state-run oil companies refine the crude oil and transport it to dealers for which they add their profit margin and other operational costs before it’s sold at the Retail Selling Price (RSP).

    When Does the Petrol Price in Thrissur Change?

    Petrol prices are revised on a daily basis under the new ‘dynamic fuel pricing’ mechanism. Until 16 June 2017, rates of petrol were revised on a fortnightly basis; however, it hampered the Oil-Marketing Companies (OMCs) from increasing the price in case of a rise in the global crude price. To avoid losses, the daily pricing mechanism was introduced to offset any changes in the international crude oil price.

    In the new pricing mechanism, the petrol price in Thrissur is updated daily at 6 a.m. IST. The current petrol price in Thrissur is updated taking into account the previous day’s crude oil rate and the exchange rate of the US dollar.

    How to find the Current Petrol Price in Thrissur?

    With the petrol price updated every day, it’s important to know what is the current fuel price in the city. OMCs are offering several methods for tracking today’s petrol price in Thrissur. Below are the ways to find the fuel prices.

    • Mobile Application: OMCs have launched smartphone apps to track the current petrol price in cities in India. Indian Oil has launched the ‘Fuel@IOC’ app, BPCL customers can take advantage of the ‘SmartDrive’ app, while HPCL consumers can use the ‘MY HPCL’ app.
    • SMS Service: Consumers can utilise the SMS services offered by the oil companies. The below format will help you track the petrol rate in Thrissur.
      • IOCL: SMS RSPdealer code to 9224992249.
      • BPCL: SMS RSPdealer code to 9223112222.
      • HPCL: SMS HPPRICE dealer code to 9222201122.
    • Website: The petrol price in Thrissur, as well as other cities, can be tracked by visiting the respective OMCs website which offers the current petrol rate.

    GST on Petrol in Thrissur

    All goods and services come under the new taxation regime known as the Goods and Service Tax (GST), which came into effect from July 2017. However, petroleum products are exempted from the GST, currently. Petrol in Thrissur continues to attract taxes levied by the Centre and the State. Why is the GST not applicable on petrol? While the highest tax slab in the GST is 28%, the taxes which are levied currently on petrol is much higher. By bringing petrol under the framework of GST, it will directly impact the revenue generated by the Centre and the State.

    Also Check Petrol Price in NearBy Cities of Thrissur

    Petrol Price In Kannur Petrol Price In Trivandrum Petrol Price In Kannur
    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.

    News about Petrol Price In Thrissur

    • Easing Crude Prices Prompts Rupee to Rise

      The Indian currency rallied 21 paise to end at 70.28 against the US dollar today amid easing crude oil prices even as it strengthened against other major currencies. At the Interbank Foreign Exchange (forex) market, the rupee opened at 70.60 and fluctuated between 70.67 and 70.25 intraday before ending at 70.28, inclining by 21 paise compared to its previous close. On Tuesday, the rupee had appreciated by 43 paise to close at 70.49 against the greenback. International benchmark Brent crude oil futures was trading at $65.61 per barrel, down by 0.38%. The dollar index, which gauges the dollar’s strength against a basket of six currencies, inclined by 0.07% to 96.92 amid the prospects of the US-China trade deal. The Financial Benchmark India Private Ltd. (FBIL), which sets the reference rate for the rupee/ dollar, set the rupee at 70.5798 against the dollar and 79.7660 against the euro while the reference rate for the British pound was set at 92.7197 and against the Japanese yen at 63.13.

      6 March 2019

    • Petrol and diesel prices scaled new highs in 2018

      2018 was the year when fuel prices in the country saw a lot of fluctuation owing to a variety of factors. High crude oil prices, rupee plunging to a new low against the US dollar, high excise duty etc ensured that Oil Marketing Companies (OMCs) constantly change the prices of both petrol and diesel. With OMCs introducing the dynamic pricing regime in June 2017, prices were revised on a daily basis in the country.

      It needs to be mentioned here that the crude oil prices rose steadily to cross 86 US dollars per barrel during the course of the year before a sharp correction in the third quarter i.e October to December brought it down to below 50 US dollars.

      Given the rise in crude oil prices, petrol prices in the financial capital of the country i.e., Mumbai breached the Rs.86 mark in the month of May. However, with the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers deciding to raise oil production to some 1 million barrels a day, the rates started coming down in June. This decline in the prices was short lived as fuel prices resumed their daily record-breaking movement soon with every litre of petrol costing over Rs.91 in the month of September.

      With fuel rates touching unprecedented levels, the government was forced to cut the excise duty by Rs.1.50 per litre and mandating oil companies to reduce the prices by another Re.1 per litre. The decision supported by the fact that Saudi Arabia started increasing its oil production to 12 million barrels per day (bpd) kick-started the decline in global crude prices. As of now, the prices of petrol and diesel in the country have declined by nearly 15 per cent from the levels it had touched in the month of October.

      2 January 2019

    • Aviation Turbine Fuel slashed by 14.7 per cent

      As per a price notification issued by state-owned oil firms, the price of Aviation Turbine Fuel (ATF) was slashed by Rs.9,990 per kilolitre on Tuesday. The cut in the rates, which was a record 14.7 per cent came on the back of decline in international rates. This is the second consecutive monthly reduction and the biggest single cut ever witnessed, which made the fuel cheaper than both petrol and diesel. It needs to be mentioned here that on December 1, the prices were slashed by Rs.8,327.83 per kilolitre or 10.9 per cent.

      The cut in the rates has brought ATF rates to the lowest levels seen in a year and is expected to provide relief to cash-strapped airlines. Apart from being cheaper than both petrol and diesel, ATF is also less expensive than non-PDS kerosene. The cost for one litre of ATF in Delhi and Mumbai were Rs.58.06 and Rs.58.01 respectively.

      It needs to be mentioned here that the prices of ATF are revised on the first of every month. The rates are revised based on average international oil rate and rupee-US dollar exchange rate in the previous month.

      2 January 2019

    • Petrol to Retail at a Price of Rs.83.54 a litre in Bangalore

      Today, a litre of petrol is retailing at a price of Rs.83.54 and a litre of diesel at Rs.76.13 in Bangalore. While the price of a litre of petrol is Rs.82.89 in the national capital, diesel price in the city is Rs.75.74 a litre. Today’s petrol price per litre in Mumbai, the financial capital of India, is Rs.88.34 a litre whereas diesel price is Rs.79.40 per litre. Petrol is selling at a price of Rs.84.70 a litre today in Kolkata and Rs.86.16 a litre in Chennai. While today’s diesel price in Chennai is Rs.80.10 a litre, diesel rate a litre is Rs.77.59 in Kolkata. Crude oil has been priced at Rs.5,316 per barrel today in the overseas market.

      17 October 2018

    • Petrol and Diesel Rates at a New High

      Petrol and diesel rates have gone up by almost a rupee a litre within a fortnight. On Wednesday, the government hoped that the rise in the global price of the oil is temporary and they will decrease soon. While the petrol price was hiked by 13 paise per litre, diesel price was increased by 14 paise, touching a new high. In Delhi, petrol is being sold at Rs.78.18 per litre compared to Rs.78.05 a litre of yesterday. Diesel, on the other hand, touched a new high of Rs.69.75 per litre in Delhi compared to yesterday’s when it stood at Rs.69.61. Economic Affairs Secretary Subhash Chandra Garg said that he earnestly believes that the rise in crude oil prices is really temporary. Diesel rates this week touched a new high, crossing the previous high of Rs.69.31 recorded on 20 May 2018; however, petrol prices are yet to touch a new high after it touched a record high of Rs.78.43 on 29 May 2018. While petrol prices in Delhi have risen by Rs.1.04 per litre in the last 14 days, diesel prices have increased by Rs.1.03 a litre since then.

      31 August 2018

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