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Petrol Price in Gujarat

Here is everything you need to know about the petrol price in Gujarat today. Below, we look at the price trend over time and understand the different factors that determine and influence the petrol cost in Gujarat.

Petrol Rate Today Gujarat

₹ 95.33

Current Petrol Price per Litre

What are the Factors Determining the Petrol Rates in Gujarat?

The changes in petrol price in Gujarat depend on a few distinct variables. Some significant components that impact the change in rate include the cost of raw petroleum (crude oil) in the global market and the US dollar conversion rate against the Indian Rupee. The INR/USD rate of exchange varies consistently, which impacts the cost of crude oil, import and fare charges, financing costs, as well as the general productivity of the two nations. For instance, if the cost of crude oil rises in the worldwide business sector, the price of petrol also increases simultaneously.

Indian oil marketing companies (OMCs) add their profit margins for petrol refining and other processes. Various dealers help in transporting the refined petrol from OMCs across petrol pumps in the country. Their commissions also get added to the petrol cots. Further, the state government of Gujarat also adds the Value-Added Tax (VAT) while the central government imposes an excise duty as part of the petrol tax in Gujarat.

Luckily, you can continue to save on petroleum purchases irrespective of the fluctuations in global fuel prices. All you need is a credit card! Yes, it is true! With the right credit card, you can enjoy a fuel surcharge waiver every time you buy petrol at partner fuel stations in the country. So, go ahead and browse the best card options on Finserv MARKETS and apply for a credit card, today!

How are Petrol Prices in Gujarat Computed?

Petrol prices in Gujarat are computed after considering various factors like global crude oil prices, USD-INR conversion rates, charges levied by OMCs for refining and freight, dealer commission, and the Central and state government's excise duty and VAT, respectively. Thus, the final petrol price in Gujarat depends on all these variables.

How Often is the Petrol Rate in Gujarat Revised?

In Gujarat, the petrol rate is revised daily according to the Dynamic Fuel Pricing policy of June 2017. Every day at 06 AM, dealers at various outlets in Gujarat update the price of petrol for the day. Due to the aforementioned factors, the petrol rates may vary from the previous day. The petrol prices for the day are often displayed at different petrol stations across Gujarat and can also be accessed by consumers on the website and apps of oil companies.

What is the Impact of GST on Petrol Rates in Gujarat?

The Goods and Services Tax (GST) is a uniform tax structure that was introduced in 2017 to serve as an all-inclusive tax. However, petrol prices in Gujarat are not affected by GST as petroleum products are exempted from its ambit.

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FAQs on Petrol Price in Gujarat

  • ✔️What decides the petrol price in Gujarat?

    The petrol price in Gujarat is primarily decided based on the cost of crude oil in the global market, the INR/USD exchange rate, import, refinery, and freight charges imposed by oil marketing companies (OMCs). The final petrol rate in Gujarat is decided by adding the central excise duty, dealer commission, and Gujarat state’s Value-Added Tax or VAT.

  • ✔️How far can you go on 1 litre of petrol?

    The distance that your vehicle can cover on 1 litre of petrol depends on its mileage or fuel efficiency.

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