Petrol Price in Mizoram

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

What is the Petrol Price in Mizoram Today?

The daily fluctuation in petrol prices in Mizoram is influenced by a number of factors. Primarily, these are the international crude oil prices and the prevalent INR to USD exchange rate. Oil manufacturing companies (OMCs) then add their charges to the petrol price before distribution, namely refinery cost, freight/import charges, etc. After the petrol dealer adds their own commission, a central excise duty and a state-levied Value Added Tax (VAT) is added to the final petrol price. Thus, the final Mizoram petrol rate is a culmination of the sum of all these charges.

Evidently, a number of variables influence the petrol rates in Mizoram. Any fluctuations in these determinants could marginally increase the petrol price in the state. In order to ensure that high petrol prices do not dampen your travel plans, you can now enjoy surcharge waivers on petrol prices with your credit card. Yes! Bajaj Markets brings to you a plethora of credit card options that offer amazing travel benefits, including petrol surcharge waivers at partner petrol pumps across the country. Browse through the Bajaj Markets website and apply for a credit card today!

Since 2017, India has followed the ‘Dynamic Fuel Pricing’ system. In accordance with that, the petrol prices in the country are revised daily. Accordingly, the Mizoram petrol rates are revised daily at 06 AM IST. The same is updated at fuel stations across the state as well as on the website and mobile app of OMCs.

Petrol prices in the country are revised daily and are decided on a number of factors. However, as per the current norms, GST does not have any influence on petrol prices in the country. Thus, the impact of GST on petrol rates in Mizoram is nil.