Petrol Price in Noida Today

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Price of Petrol in Noida

The satellite city of Noida is a part of the densely populated state of Uttar Pradesh. With a sizable urban population and significant industrial development, Noida is heavily dependent on petroleum resources. Read on, if you want to know about the petrol price in Noida today and the different factors that determine and influence it.

Petrol Rate Today in Noida

₹ 95.49

Current Petrol Price per Litre

What are the Factors Determining the Petrol Rate in Noida?

The different factors determining the petrol price in Greater Noida and Noida are listed below.

The price at which crude oil is purchased on the international market plays a huge role in deciding the final petrol price in Noida. As crude oil imports are settled in US Dollars, the USD/ INR currency exchange rate also plays a part in determining the final price of petrol in Noida. A weaker rupee value against the US Dollar leads to a higher cost in crude oil.

On a local level, profit margins for oil marketing companies and commissions for distributors also add to the final price of petrol in Noida. The transfer cost of moving petrol from different depots to Noida will also impact the final price. Moreover, the UP-State Government adds the Value-Added Tax (VAT) as part of the petrol tax in Noida, while the Central Government imposes the excise duty and Cess on the product.

How Often is the Petrol Price in Noida Revised?

As India adopted the dynamic fuel pricing mechanism in June 2017, the rate of petrol in Noida is revised daily. The price of petrol in Noida is reset across bunks in the city, every day at 6:00 AM IST. This method encourages competitiveness and provides transparent fuel pricing as well.

The petrol prices for any given day are displayed on the retail outlets across the city. Consumers can also check the petrol price rate in Noida on the websites and apps of oil companies.

What is Dynamic Fuel Pricing?

Dynamic fuel pricing is a special scheme introduced by the Government of India in June 2017. It helps ensure that global oil price fluctuations are transferred to the end-users, directly and regularly. This allows petrol to be free from political influences and reduces the financial burden on oil marketing companies and dealers.

How does Dynamic Fuel Pricing Affect the Noida Petrol Rate?

Earlier fuel prices were updated on a fortnightly basis, i.e., on the first and sixteenth of every month. With the adoption of dynamic fuel pricing, today, the petrol rate in Noida is adjusted daily. This is done in accordance with the change in the price of petrol in the global market so as to ensure absolute transparency. As a result, every day the price of petrol in Noida is updated at 6 AM, and the customer pays the exact revised cost. For example, if the price of crude oil or the INR-USD exchange rate increases today, the current petrol price in Noida will also increase. And because dynamic fuel pricing is in play, you will need to pay the higher price if you purchase fuel today.

What is the Impact of GST on Petrol Rate in Noida?

The VAT and excise duties are the applicable taxes on petrol in Noida. However, petroleum products are out of the purview of the Goods and Services Tax (GST). Therefore, there is no impact of GST on the rate of petrol in Noida.

How to Check Noida Petrol Rate Today?

You can easily check the petrol price in Noida today, live using any of the channels mentioned below:

1)  Check Cost of Petrol in Noida Today via OMC Website

You can visit the websites mentioned below, to view the price of petrol in Noida today.

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

2)  Check Petrol Cost in Noida via SMS

In Noida today, the petrol price can be checked by sending an SMS to the registered numbers mentioned below:

Oil Company

Code to Type

Number

Hindustan Petroleum

HPPRICE DEALER CODE

92222 01122

Bharat Petroleum

RSP DEALER CODE

92231 12222

Indian Oil

RSP DEALER CODE

92249 92249

3)  Check Cost of Petrol in Noida Today via the Mobile App

You can check the current petrol rate in Noida by downloading the apps of the popular Oil Marketing Companies mentioned below:

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 Noida

  • ✔️Who decides petrol price in Noida?

    When it comes to petrol in Noida, the price is decided based on multiple factors. They include the price of crude oil, exchange rate fluctuations, import and export costs, charges added by oil marketing companies and dealer commission. Furthermore, the Excise Duty imposed by the Central Government and VAT levied by the UP State Government is also applicable on the product.

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

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

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