Here is everything you need to know about the petrol price in the state of Andhra Pradesh today. We have broken down the price trend to help understand the different factors that influence the petrol cost in Andhra Pradesh (AP).
The cost of crude oil purchased from the international markets is the primary factor that affects the petrol prices in Andhra Pradesh. The USD/INR exchange rate is vital during the initial purchase made by oil marketing companies, who then add a charge while importing and refining the product and passing it on to dealers. Apart from their commission, the dealers add the state government’s value-added tax (VAT) and the central government’s excise duty as part of the petrol tax in Andhra Pradesh.
The cost of petrol in AP also hinges on the demand and supply of the product. Due to the increase in the number of people using vehicles, the petrol rates have risen. However, you can continue to save on your petroleum purchases irrespective of the fluctuations in global fuel prices. With the right credit card, you can enjoy a fuel surcharge waiver on your petrol purchase at a partner fuel station in the country. So, go ahead and browse the best card options on Finserv MARKETS and apply for a credit card today!
In Andhra Pradesh, the petrol rate is revised daily as per the June 2017 policy of dynamic fuel pricing. Fuel outlets across the state reset the price of petrol at 06 AM every day. The daily revision improves competitiveness and ensures transparent fuel pricing. The petrol prices for any given day are displayed on the retail outlets across the state. To check the petrol rate in Andhra Pradesh, you can visit the websites and apps of oil companies.
The applicable taxes on petrol in Andhra Pradesh are the VAT and excise duty. Petroleum products are out of the purview of the Goods and Services Tax (GST). Thus, there is no impact of GST on petrol rates in Andhra Pradesh.
The petrol price in Andhra Pradesh today (September 27, 2021) is ₹105.27 per litre.
The petrol rates in Andhra Pradesh are decided based on multiple factors. These include the global cost of crude oil, INR/USD exchange rate, import and refinery charges, dealer commission, central excise duty, and value-added tax (VAT) levied by the state government.
The mileage and fuel efficiency of your vehicle determines how far it can travel on 1-litre of petrol.