UP Petrol Price Today

Petrol Price in UP (Uttar Pradesh) Today

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Petrol Rate in Uttar Pradesh

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.

Today's Petrol Price in Uttar Pradesh

₹ 95.26

Current Petrol Price per Litre

What Factors Determine the Petrol Rates 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.

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How Often is the Petrol Rate in Uttar Pradesh Revised?

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. 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.

What is the Impact of GST on Petrol Rates in Uttar Pradesh?

The VAT and excise duty are applicable on petrol in Uttar Pradesh. However, petroleum products are out of the purview of the Goods and Services Tax (GST). Therefore, there is no impact of GST on petrol rates in Uttar Pradesh.

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FAQs

  • ✔️Who decides the petrol price in Uttar Pradesh?

    The daily Uttar Pradesh petrol price rates are decided based on multiple factors. This includes the global cost of crude oil, INR/USD exchange rate fluctuation, import and export charges, fees added by oil marketing companies, dealer commission, excise duty, and value-added tax (VAT).

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

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

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