Petrol Price in Maharashtra Today

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Petrol Price in Maharashtra

Here is everything you need to know about petrol prices in the state of Maharashtra today. We decipher the price trend over time and understand the different factors that determine and influence the petrol cost in Maharashtra.

Maharashtra Petrol Rate Today (₹) Maharashtra

₹ 109.96

Current Petrol Price per Litre

What are the Factors Determining the Petrol Rates in Maharashtra?

The cost of crude oil, which is purchased in the international market in US Dollars (USD), is one of the most important factors that help determine the final price of petrol in Maharashtra. The USD/INR exchange rate is vital when oil marketing companies (OMCs) make the initial purchase. Post purchase, OMCs add refinery charges for processing the crude into petrol before passing it on to the dealers.

 

The petrol prices in Maharashtra also hinge on the demand and supply of the product. Due to the increase in the number of people using vehicles, the cost of petrol has also risen. Furthermore, the state government adds the value-added tax (VAT) while the central government imposes excise duty as part of the petrol tax in Maharashtra.

 

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, today!

How Often is the Petrol Rate in Maharashtra Revised?

In Maharashtra, the petrol rate is revised daily as per the June 2017 policy of dynamic fuel pricing. Petrol bunks across the state reset the price of petrol at 06 AM every day. The daily revision process improves competitiveness and ensures transparent fuel pricing. The petrol prices for any given day are displayed on the retail outlets across the state. Consumers can also check the petrol price rate in Maharashtra on the websites and apps of oil companies.

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

Value-Added Tax and excise duty are the applicable taxes on petrol in Maharashtra. However, petroleum products are out of the purview of the Goods and Services Tax (GST). Therefore, there is no impact of GST on petrol rates in Maharashtra.

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Frequently Asked Questions

  • ✔️Who decides the petrol price in Maharashtra?

    The daily Maharashtra petrol price rates are decided based on multiple factors. These include global cost of crude oil, INR/USD exchange rate, import and export charges, refinery fees added by oil marketing companies (OMCs), dealer commission, Centre’s excise duty, and the state government’s value-added tax (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.