Today Petrol Rate in Kolkata

Petrol Price in Kolkata Today

✓ Fast Processing ✓ Great Discounts & Offers ✓ Easy EMI Facility | Apply for Fuel Credit Card now!

Petrol Price in Kolkata

The bustling and fast-paced, metro city of Kolkata is extremely dependent on petrol for its dense transportation network. Here is everything you need to know about the price of petrol in Kolkata today. You can also take a look at the different factors that determine and impact the cost of petrol in Kolkata.

Petrol Price Today in Kolkata

₹ 104.65

Current Petrol Price per Litre

Factors Determining Petrol Rate in Kolkata

While the crude oil price is a critical contributing factor, the petrol price in Kolkata is determined by several other factors and has many components. The include:

  • Currency Exchange Ratio

Firstly, as crude oil is bought in US dollars, the Indian Rupee to US Dollar exchange rate plays a significant role. The lower the value of INR to the US dollar, the higher is the price of petrol.

  • Charges by OMCs

Once the crude oil is supplied to the oil marketing companies (OMCs) for refining into petrol, the cost of refining, freight, and profit is added to the cost price of crude.

  • Commission and Taxes

When the refineries sell the petrol to the dealers in Kolkata, the dealers add a commission along with the respective state and central taxes and other applicable charges. This is the final price that customers are charged.

While most charges remain the same across states, the Value Added Tax (VAT) tends to vary. So, when you look at the petrol price in Kolkata, among the many charges, do take a look at the VAT levied by the West Bengal government. Compared to the other east Indian states (Jharkhand, Odisha, and Bihar), this is the second-highest VAT charged on petrol.

How Often is the Petrol Rate in Kolkata Revised?

The petrol price per litre in Kolkata is revised every day as per the policy of dynamic fuel pricing which was introduced in June 2017. At 6 AM, dealers across the city update the price of 1 litre petrol in Kolkata as per the amount decided by the oil marketing companies. The same is displayed on the fuel board at petrol pumps as well as updated on the oil company website and app.

Why are the Petrol Prices High in Kolkata?

Earlier, the Indian oil marketing companies followed the pattern of revising petrol prices on a fortnightly basis. However, with the extreme fluctuations of the currency exchange rate and the volatility of the international crude oil prices, Oil Marketing Companies (OMCs), found it difficult to keep up. This was especially because OMCs were not allowed to raise prices suddenly at the end of the fortnight. To combat this issue, the scheme of Dynamic Fuel Pricing was adopted on June 16, 2017, at 6 AM. This allowed OMCs to pass down even the smallest change in the global oil price to the dealers and consumers at 6 AM every morning. As a result, there was no need to make big leaps in the price of petrol at the end of the fortnight.

Impact of GST on Petrol Rate in Kolkata

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.

How to Check the Latest Petrol Price in Kolkata?

It is a good practice to check the cost of petrol in Kolkata every day, as it is updated regularly. There are three ways to do so:

  1. Check Current Petrol Price in Kolkata via OMC Website

  2. Check Price of Petrol in Kolkata via SMS

  3. Check 1-litre Petrol Price in Kolkata via Mobile App

How to Check Petrol Price Today in Kolkata via OMC Website?

You can check the petrol rate in Kolkata per litre by visiting the websites of the popular oil companies in India. The details of the same are listed below:

Oil Company

Website

Tab to Click on Homepage

Hindustan Petroleum

www.hindustanpetroleum.com

Pump Locator

Bharat Petroleum

www.bharatpetroleum.in

Pump Locator

Indian Oil

www.iocl.com

Pump Locator

How to Check Kolkata Petrol Rate via SMS?

You can check the petrol cost in Kolkata by sending an SMS to the registered numbers mentioned below:

Oil Company

Code to Type in Text Message

Number to Send SMS to

Hindustan Petroleum

HPPRICE DEALER CODE

92222 01122

Bharat Petroleum

RSP DEALER CODE

92231 12222

Indian Oil

RSP DEALER CODE

92249 92249

How to Check Petrol Price Today in Kolkata via the Mobile App?

You can check the petrol rate in Kolkata today and the petrol price in Kolkata yesterday, by downloading the below-mentioned mobile apps of popular oil companies and completing the login process.

Oil Company

Mobile App

Hindustan Petroleum

MyHPCL Mini

Bharat Petroleum

SmartDrive

Indian Oil

Fuel@IOC

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 browse the best card options on Finserv MARKETS and apply for a credit card for yourself, today!

What are the Top Fuel Credit Cards?

Bank

Credit Card

Credit Card Benefits

State Bank of India

SBI BPCL Credit Card

4.25% Value Back on fuel purchases at BPCL Petrol Pumps

State Bank of India

SBI BPCL Octane Credit Card

7.25% Value Back on fuel purchases at BPCL Petrol Pumps

Axis Bank

Axis INDIAN OIL Credit Card

4% Value Back on fuel purchases at Indian Oil Petrol Pumps

Citibank

Citi Indian Oil Credit Card

1% fuel surcharge reversal at Indian Oil Petrol Pumps

FAQs Related to Petrol Price in Kolkata

  • ✔️Who decides the petrol price in Kolkata?

    The price of petrol in Kolkata is determined by several factors such as the international crude oil price, Rupee to US dollar exchange rate, charges levied by oil marketing companies and refineries, charges levied by dealers, and finally, the taxes imposed by central and state governments. The VAT component imposed by the West Bengal government plays a critical role in the final price of petrol in Kolkata.

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

    The distance you can cover on one litre of petrol depends on the fuel efficiency of your vehicle.

Happy Customers of Finserv MARKETS

Getting a Bajaj Finserv Personal loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on Bajaj Allianz Car Insurance premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv MARKETS, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfil their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing with a Bajaj Finserv personal loan, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for Bajaj Allianz Health Insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Card. Zero down payment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!