Today Punjab Petrol Price

Petrol Price in Punjab Today

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

Petrol Rate in Punjab

Here is everything you need to know about the price of petrol in Punjab today. Check the price trend over time and understand the different factors that determine and impact the cost of petrol in Punjab.

Today's Petrol Price in Punjab

₹ 96.18

Current Petrol Price per Litre

Factors Determining the Current Petrol Price in Punjab

In Punjab, the petrol price is determined by several factors. From the time crude oil is purchased to the time it is sold, there are several determinants at play that control the price. Firstly, the price of crude oil varies as per the demand, global supply, and political factors. To add to this, the currency exchange rate of Indian rupee to US dollar is dynamic too. As a result, the price of oil is constantly fluctuating.

Once the oil is bought in, the oil marketing companies (OMCs) add the oil refining and transportation charges. This makes up the depot price, which is the cost at which the dealers buy the petrol from the OMCs. At this stage, the dealer’s commission and the central excise duty and value-added tax (VAT) levied by the state get added. This is the final retail price at which you can then buy petrol in Punjab.

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

How Often is the Petrol Price in Punjab Revised?

The petrol price in Punjab is revised on an everyday basis owing to the system of dynamic fuel pricing which was introduced in 2017. Under this, the price of petrol in Punjab is revised at 6 AM everyday as per the current global crude oil rates and the currency conversion rate. The system helps bring transparency and reduces the challenges that were there in the earlier system of fortnightly price revisions. Also, users can buy fuel at the market-determined prices, be it higher or lower.

What is the Impact of GST on Petrol Price in Punjab?

In July 2017, the GST (Goods and Services Tax) was introduced as an all-inclusive tax to make purchasing items and services easy with uniform taxation across slabs. However, petrol was not included in the classification of goods and services that fall under the GST structure. As a result, the petrol price in Punjab is not impacted by GST.

Fuel Credit Cards

Bank

Credit Card

Ideal For

SBI Bank

SBI BPCL Credit Card

4.25% Value Back on fuel purchases at BPCL Petrol Pumps

SBI Bank

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

Frequently Asked Questions

  • ✔️Who decides the petrol price in Punjab?

    Several factors are considered when deciding the petrol price in Punjab. These include the price of crude oil, rate of currency exchange from Indian Rupee to US dollar, cost of transportation and import, charges levied by Oil Marketing Companies (OMCs), dealer commission, central excise duty, and the Value-Added Tax (VAT) levied by the state government of Punjab.

  • ✔️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!