Petrol Price in UP (Uttar Pradesh) Today

Here is everything you need to know about the petrol price in the state of Uttar Pradesh today. We decipher the price trend over time and understand the different factors that determine and influence the petrol cost in Uttar Pradesh.

The cost of crude oil, which is purchased from the international market in US dollars, is one of the most important factors while determining the final price of petrol in Uttar Pradesh. The USD/INR exchange rate is vital when oil marketing companies (OMCs) make the initial purchase. Post this, OMCs add a charge while refining the product and pass it on to dealers.

The petrol price in Uttar Pradesh also hinges on the demand and supply of the product. Due to the increase in the number of people using automobiles, the cost of petrol has also risen. Furthermore, the state and central governments also add value-added tax (VAT) and excise duty, respectively, as part of the petrol tax in Uttar Pradesh.

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 Bajaj Markets and apply for a credit card, today!

The petrol price in Uttar Pradesh for the last 10 days has been ₹96.55

In India, there are two types of petrol stations that can be grouped together: automated gas bunks and non-automated petrol stations. There aren't many automated petrol stations in the county, but the ones that are present automatically update the price of petrol.

On the other side, non-automated petrol stations will perform the revision manually by hand. Every day at 6:00 a.m., the price is revised. Oil marketing organisations will inform dealers about the price for the following day at 8:00 p.m. The cost of petrol has significantly decreased in Uttar Pradesh since the daily revision was put into place. 

The financial and economic stability of any state is directly impacted by the daily revision. Dynamic fuel pricing is advantageous for both dealers and end-users of petrol. It guarantees complete transparency in fuel pricing, this is the main benefit of following this approach. The best stock management techniques can be used by dealers.

In Uttar Pradesh, the petrol rate is revised daily as per the June 2017 policy of dynamic fuel pricing. Dealers across UP reset the price of petrol at 06 AM every day. While automated petrol stations revise the petrol rates automatically, the non-automated petrol stations in the country get the revision done manually. The daily revision process improves competitiveness and ensures transparent fuel pricing. The petrol prices for any given day are displayed on the retail outlets across the state. Consumers can also check the petrol price rate in Uttar Pradesh on the websites and apps of oil companies.

The cost of petrol has significantly decreased in Uttar Pradesh since the daily revision was put into place. The financial and economic stability of any state is directly impacted by the daily revision. Dynamic fuel pricing is advantageous for both dealers and end-users of petrol. It guarantees complete transparency in fuel pricing, which is the main benefit of this approach. Also, ideal stock management techniques can be used by dealers.

The price of petrol in Uttar Pradesh is determined by excise duty, which the Central Government levies and amounts to about ₹19.90 per litre. In addition to VAT and excise duty, other factors like dealer commission, crude oil price, etc., also significantly influences the price of petrol. Since petrol is not included by the Goods and Services Tax (GST), it has no effect on petrol prices in Uttar Pradesh.

It includes every kind of product and service sold domestically. GST came into effect on July 1st, 2017. The largest economic change since independence has occurred. By providing a unified platform for Indian taxpayers, GST replaces all forms of indirect taxes. However, since the GST regime does not apply to five petroleum products, including petrol, there is no impact of GST on petrol rates in Uttar Pradesh.