Here is a look at everything you need to know about the petrol price in Ghaziabad today. In this article, we will be deciphering the changing petrol price trends in Ghaziabad. It will also help understand the different factors that influence the petrol rates in Ghaziabad.
Ghaziabad is a fast-growing industrial city in Uttar Pradesh that is becoming a buzzing commercial, infrastructural and educational centre. It has developed a robust network of rail, road and air infrastructure. In fact, Ghaziabad is also served by the Delhi Metro, ushering in increased connectivity and accessibility.
Ghaziabad’s growing travel and commute infrastructure means that there is an increasing demand for fuel consumption in this city. For this reason, the ever-changing prices of petrol are of great interest to the city’s commuters and have an impact on their finances and budget.
The petrol price in Ghaziabad is changed and updated everyday. The change in the petrol price is dependent on several factors. Here, we will discuss what affects the price of petrol in Ghaziabad and the role of several oil marketing companies in determining it.
Both international and domestic factors affect the final petrol price in Ghaziabad. Oil marketing companies (OMC) purchase crude oil barrels in US dollar terms, which are then priced on a daily basis. Any fluctuation in the global crude oil price directly affects the petrol price of any city in India. Changes in the exchange rates of US Dollar to Indian Rupee also impacts the petrol price in Ghaziabad. Additionally, various domestic factors determine the petrol price in Ghaziabad. After the OMCs procure the oil, they add import charges and refinery fees to the petrol price before passing it on to the dealers. Wholesale dealers then add their commission on top of the state government’s Value-Added Tax (VAT) and the central government’s excise duty.
Irrespective of the fluctuations in global fuel prices, you can still continue to save on your petroleum purchases. To avail of these savings, all you need is a credit card! With the right credit card, you can enjoy a fuel surcharge waiver on every purchase of petrol at partner fuel stations in the country. Without further ado, you can go ahead and browse the best card options on Bajaj Markets and apply for a credit card now.
The current petrol price in Ghaziabad today might not be the same tomorrow. This is because the petrol rates in Ghaziabad are revised every day as per the dynamic fuel pricing policy. Under this mechanism, petrol prices are revised across Ghaziabad at 06 AM daily.
Petroleum products are exempt from GST. Therefore, there is no impact of GST on petrol rates in Ghaziabad. On the contrary, the state and central government’s levy value-added tax (VAT) and excise duty on petrol, respectively.
The prices of petrol and diesel differ because of a number of reasons. Mainly, it is the taxes on both commodities that are different. In fact, while the central government’s taxes on fuel (excise duty) remain the same throughout the country, the state imposed value added tax (VAT) varies from one state to another.
Petrol tends to attract higher levels of taxes compared to diesel, making the end product more expensive than diesel. In Ghaziabad, the prices of diesel and petrol are governed by Uttar Pradesh’s VAT and sales taxes. The VAT on petrol in Ghaziabad is 28.68% and the VAT charged on diesel is 16.99%.
Diesel in India is used largely for agricultural and industrial purposes. On the other hand, petrol is considered a luxury commodity as it is used to power expensive vehicles.
Petrol prices are subject to change every single day. This is why it becomes difficult to track the price changes on a daily basis. Oil marketing companies have made it extremely easy for customers to check the latest petrol prices through SMS, apps or the web.
Apps: You can download mobile phone apps developed by oil marketing companies to track the latest petrol price in Ghaziabad. For instance, customers of IndianOil can get the Fuel@IOC app, Bharat Petroleum customers can use the SmartDrive app and Hindustan Petroleum users can check petrol prices on the My HPCL app.
SMS: You can also send an SMS along with the dealer code to get the daily price of petrol for various companies. For IndianOil, SMS RSP dealer code to 9224992249. For Hindustan Petroleum, text HP PRICE dealer code to 9222201122. Bharat Petroleum customers can message RSP dealer code to 9223112222.
Online portal: You can also visit the various OMC websites to get the daily price of petrol in Ghaziabad.
Petrol price in Ghaziabad as on Dec 13, 2023 is at ₹96.58.
The daily Vadodara petrol price rates are decided based on multiple factors. These factors include global cost of crude oil, INR/USD exchange rate, import and export charges, refinery fees, dealer commission, central excise duty, and value-added tax (VAT) levied by the state government.
Usually, bikes give higher mileage than most cars, but how far you can go on 1-litre of petrol depends on your vehicle and its fuel efficiency.
No, petrol does not attract any GST in Ghaziabad or anywhere else in the country. Petrol and other fuel products are exempt from GST taxation.