Petrol Price in Jammu

Petrol Price in Jammu

Petrol Price in Jammu Today

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Petrol Price in Jammu

Here is the latest information about petrol prices in Jammu today. You can also take a look at the different factors that determine and impact the cost of petrol in Jammu.

Today's Petrol Price in Jammu

₹ 96.13

Current Petrol Price per Litre

What Factors Determine the Petrol Rates in Jammu?

Petrol price calculation in Jammu is based on a number of factors. The primary factor is the price of crude oil in the global market. Any fluctuations in these import prices affect the petrol rates in Jammu significantly. An increase or decrease in demand also affects the petrol price in Jammu Kashmir. Moreover, this increase/decrease in supply is further influenced by the population in the region. The higher the population, the higher the demand.

 

The currency exchange rate also plays a significant part in influencing the current petrol price in Jammu. The oil marketing companies (OMCs) also add expenses for operational charges, import costs, refinery processing costs, freight expenses, permit charges, etc., before passing the cost to dealers, who add their commission. This highly influences the petrol rates as well. A central excise duty is also added to all petroleum products. Lastly, each state in India adds its own value-added tax (VAT) on petrol prices.

 

While a number of factors contribute to the Jammu petrol price amid the ever-increasing demand, you can now save on fuel expenses with your credit card. Browse through a list of credit card options offering fuel and petrol surcharge waivers at Finserv MARKETS and apply now!

How Often are the Petrol Rates in Jammu Revised?

As per government norms, the Goods and Services Tax (GST) is not yet levied on certain commodities, including fuels. Thus, Jammu Kashmir petrol price is not impacted by GST.

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

GST (Goods and Services Tax) came into effect in July 2017. While it was levied on most goods and services, petrol was exempt. Recently, there have been requests for bringing petrol under the GST regime. If accepted, the highest tax chargeable on petrol will be 28 per cent. However, there has been no conclusive decision in this regard and the petrol price in Kolkata continues to not be impacted by GST.

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Frequently Asked Questions

  • ✔️What is the petrol price in Jammu?

    The petrol price in Jammu today (October 6, 2021) is ₹102.39 per litre.

  • ✔️Who decides the petrol price in Jammu?

    The petrol prices in Jammu are influenced by a number of variables. The primary factor influencing petrol cost is the global crude oil prices. To this, the oil marketing companies levy their own charges, such as import charges, refinery charges, margin and freight charges. The central government too dictates an excise duty that is applicable to all petrol products after the dealer adds their commission. Lastly, the Jammu state government levies the value-added tax (VAT) which contributes to the final petrol price in Jammu.

  • ✔️How can I track the petrol price in Jammu today?

    Petrol prices are revised daily. To track petrol prices in Jammu, consumers can download mobile apps introduced by oil companies. For example, with apps such as ‘MY HPCL’ or ‘SmartDrive’ you can track the current petrol prices in Jammu.

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