Petrol Price in Noida - How to Check Noida Petrol Rate Today? 9 Dec 2023

Q: ✔️Who decides petrol price in Noida?

The daily Noida petrol price rates are 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 Central Government and VAT levied by the UP State Government is also applicable on the product.

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

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.

What are the Factors Determining the Petrol Rate in Noida?

The price of petrol in Noida (and elsewhere) is determined by a range of factors. In this section, we look at these different determinants of petrol price in Noida.

Price of crude oil: The global price of crude oil or unrefined oil in the international market has an impact on the price of petrol locally. Crude oil is a commodity traded in these international markets, whose price increase or fall has an effect on the price of petrol in each country. The reserves and supplies of crude oil also impact petrol prices.
Exchange rate: The value of Indian Rupee against the US Dollar has a bearing on the price of petrol. Crude oil is bought from the international market in US dollars, so the stronger the USD, the higher will be the cost of crude oil to India. The price of the end product (petrol) is hence likely to rise.
Excise duty: The excise duty is a duty levied by the central government on the purchase of petrol. This is a predetermined amount and is subject to change by the union government. The excise duty is independent of rises or falls in the price of crude oil. The government has increased the excise duty on petrol many times over the years. Currently, the excise duty charged on petrol is ₹32.98.
VAT or sales tax: The state government of Uttar Pradesh also charges a VAT or sales tax on petrol. This tax is calculated after taking into account price charged from dealers, dealer commision and the excise duty. The VAT on petrol in Uttar Pradesh is ₹14.73 per litre.
Dealer prices and commissions: Crude oil distributed by oil marketing companies is priced based on the refining costs, freight charges, etc. These companies also pay commissions to their dealers. The earnings, costs, and profits of petrol pump owners is covered by this cost.

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?

Petrol prices in Noida are subject to change every day. Keeping track of these changes on a daily basis can be difficult for customers. In such a situation, you can use several modes of tracking petrol prices in Noida every day. Most oil marketing companies have in place systems that allow you to check petrol prices.

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 Bajaj Markets and apply for a credit card for yourself, today!

What are the Top Fuel Credit Cards?

Bank	Credit Card	Credit Card Benefits
Citi Bank	IndianOil Citi Credit Card	Win 4 turbo points on every ₹150 spent on fuel 1% fuel surcharge waived off on transactions at IndianOil outlets
HDFC Bank	IndianOil HDFC Bank Credit Card	5% of their spend at IndianOil earned as fuel points In outlets other than IndianOil, earn 1 reward point on every ₹150 spent 1% fuel surcharge waived off on transactions at IndianOil outlets
ICICI Bank	ICICI Bank HPCL Super Saver Credit Card	5% cashback on transactions at HPCL petrol pumps Additional 1.5% cashback on payments made through HP pay app Fuel surcharge waived off
State Bank of India	BPCL SBI Credit Card	Earn 13X reward points on transactions for fuel at BPCL petrol pumps Earn a 4.25% Cashback 1% fuel surcharge waived off on transactions at any outlet
Standard Chartered Bank	Standard Chartered Super Value Titanium Credit Card	5% cashback on fuel purchases below ₹2,000 from any petrol pump ₹200 upper limit on rewards points per month
Axis Bank	IndianOil Axis Bank Credit Card	20 reward points on every ₹100 at any IndianOil outlet 1% fuel surcharge waived off on transactions at any outlet

About Credit Cards Partners and Services

Non Partner Credit Cards

Resource Center 1

Resource Center 2

Resource Center 3

Petrol Prices

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.

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

Most oil marketing companies have smartphone apps that can provide information about daily prices. Non smartphone users can use SMS and customer care services of these companies to find out this information.

No, GST is not applicable on petrol. Petrol prices are not included within the purview of GST.