Here is everything you need to know about the current petrol price in Delhi. You can also take a look at the different factors that determine and impact the petrol rate in New Delhi.

Factors Determining the Current Rate of Petrol in New Delhi

The price of petrol in Delhi is determined by several factors, the first being the price at which crude oil is bought into the country. Apart from the cost of the commodity, the variable currency exchange rate modifies the price at which petrol is sold in Delhi and the rest of the country. Secondly, the prices charged by the oil marketing companies to refine and sell the oil to the dealer amplifies the price. When the dealer buys the oil, profit and other charges, along with the Central excise duty and the Value-Added Tax levied by the Delhi state government get added. In February 2021, the combined taxes of the centre and state governments accounted for 61.3 per cent of the price of petrol in Delhi.

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 browse the best card options on Bajaj Markets and apply for credit card for yourself, today!

How Often is the Petrol Price in Delhi Revised?

Following the dynamic fuel pricing policy, the petrol price per litre in Delhi is revised every day. The update is made at 6 AM by retail dealers across the city as per the price decided by the oil marketing companies. The same is then displayed on the fuel board at the different petrol pumps in Delhi. You can also find it on the websites and apps of the different oil distributors.

Impact of GST on Petrol Rate in Delhi

GST (Goods and Services Tax) was introduced in July 2017 with the aim to subsume various state and central-level taxes. However, petrol was not considered under the GST tax structure, because even if it was charged under the highest GST slab of 28 per cent, it would still be less than the 60 per cent tax currently levied. This would considerably bring down the revenues earned against petrol sales by the government.

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