Petrol prices have been moving skywards throughout the country and Tripura hasn’t been any different. Despite being firmly placed in the North-East and enjoying a pretty advantageous geographic positioning, Tripura petrol rate hasn’t been a lot different as compared to the entire country in general.
Here is everything you need to know about the price of petrol in Tripura today. You can also take a look at the different factors that determine and impact the cost of petrol in Tripura.
Not just Tripura but the entire country, in general, is a tad worried about seeing the fuel price soar up, uncontrollably. The first determinant is more of an external factor, which is dependent on the dollar price and the comparable exchange rates, as the fuel gets imported and is, therefore, subject to the higher rates.
Also, you must also take the marketing margins of the oil companies into account, followed by the import taxes, transportation costs, and other overheads.
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!
Petrol rates in Tripura are revised each day, depending on the global market prices and other underlying factors. Therefore, it is advisable to keep a track of the rates daily, before going out of the house. But then, as per trends, the rates haven’t skyrocketed as compared to those experienced a week or couple of weeks back, which gives you time to fill up the tank at every given opportunity.
One thing you all must know is that traditional fuels like diesel and petrol aren’t under the GST regime, as of yet. At present, the state governments are charging taxes on petrol as per the local incidence of VAT, which eventually translates to almost Rs. 5 lakh Crore. However, the VAT taxation is way higher than even the highest GST slab of 28 percent, which is then pushing the overall petrol rates in Tripura and other states higher.
GST implementation will no doubt lower the rates significantly but the state governments aren’t ready to incur such massive revenue losses, as of yet.
If you are in Tripura and concerned about the higher fuel prices, you aren’t alone. Also, depending on the tax-specific implementations made by specific cities in the concerned state, it wouldn’t be fair to canopy the entire state within a uniform price range. To be exact, different cities in Tripura, including Khowai, Dhalai, Gomati, Agartala, and more have different fuel prices to account for.
Petrol prices in Tripura are determined by international and external factors like Crude oil prices, and freight processing charges. However, within the state, excise duty levied by the government is one of the major determinants followed by the gas station dealer commission, which takes care of the final price.
The distance range for one 1 liter depends on the type of vehicle you are running and even the associated mileage. For bikes, you can expect a standard mileage of 60km whereas cars offer something in the 15km to 20km range.