Want to know the petrol price in the state of Vadodara? Let us help you understand the different factors affecting the petrol price in Vadodara and the petrol price in Vadodara today.
Crude oil, in the international markets, is purchased in US dollars and this global cost determines the petrol price in Vadodara. The USD/INR exchange rate fluctuations add up to the list of factors. It happens so because the oil marketing companies have to buy the crude oil based on these exchange rates. Once bought, they also add a charge for refining and passing the final product to the dealers. The dealers then add their commission to this price before adding the state and central governments’ value-added tax (VAT) and excise duty, respectively, as part of the petrol tax in Vadodara.
Additionally, the demand and supply of the product also plays a significant role in determining the petrol prices in Vadodara. Due to the increasing use of vehicles, the cost of petrol has risen. However, you can still save on your petroleum purchases irrespective of the fluctuations in global fuel prices. All you need is a credit card! You can enjoy fuel surcharge waiver every time you make a petrol purchase from the partner stations with the right credit card. So, why don’t you go ahead and browse the best card options on Finserv MARKETS and apply for a credit card, today!
The petrol rate in Vadodara is revised daily as per the June 2017 policy of dynamic fuel pricing. Fuel outlets reset the petrol price across the state at 06 AM every day. The daily revision improves competitiveness and ensures transparent fuel pricing. The petrol prices are displayed on the retail outlets for any given day across the state. Consumers can also check the petrol price rate in Vadodara on the websites and apps of oil companies.
Considering that you have to pay the VAT and excise duty applicable on petrol in Vadodara, petrol is out of the purview of the Goods and Services Tax (GST). Hence, there is no impact of GST on petrol rates in Vadodara.
The petrol price in Vadodara today (27 September, 2021) is ₹97.68 per litre.
The daily Vadodara petrol price rates are decided based on multiple factors. These factors include global cost of crude oil, INR/USD exchange rate, import and export charges, refinery fees, dealer commission, central excise duty, and value-added tax (VAT) levied by the state government.
The distance that your vehicle can cover on 1-litre of petrol depends on its mileage or fuel efficiency.