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Petrol Price Today Goa

₹ 87.26

Current Petrol Price per Litre

Petrol Rate in Goa

Here is everything you need to know about the petrol price in Goa today. Check the petrol price trend over time and understand the different factors that determine and impact the cost of petrol in Goa.

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Factors Determining the Petrol Price in Goa

In Goa, multiple factors play a role in setting the petrol price on a given day. These include the cost of crude oil, the Indian Rupee to US Dollar exchange rate, demand and supply, charges levied by the Oil Marketing Companies (OMCs) that refine and transport the oil, commission charged by the dealer, and the applicable taxes. There are two types of taxes that are levied on petrol in Goa. One is the excise duty charged by the Centre while the second is the Value-Added Tax or VAT charged by the state government of Goa.

 

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How Often is the Petrol Price in Goa Revised?

In line with the Dynamic Fuel Pricing policy introduced in 2017, petrol prices in Goa are revised every day to foster transparency. Petrol dealers update the live petrol price in Goa at 06 AM daily as per the price set by the OMCs for the particular day. The same is displayed at every fuel station across the state as well as made available on the websites and apps of oil companies.

What is the Impact of GST on Petrol Price in Goa?

Petrol does not fall under the ambit of GST like most goods and services. As a result, the GST system does not impact the price of petrol in Goa

How to Check Petrol Prices in Goa?

Petrol prices are updated daily at 06 AM IST as per the dynamic fuel pricing policy. You can check the latest petrol price in Goa on the mobile apps or websites of the oil companies. Alternatively, the updated prices will also be displayed across petrol pumps in Goa.

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What is the Difference between Diesel Rate and Petrol Rate in Goa?

The price of petrol in Goa is ₹97.75 per litre, whereas the price of diesel is ₹90.29 per litre. These prices include central excise duties as well as state VAT and taxes levied by the Goa government. 

 

 Just like everywhere else in India, the prices of petrol and diesel are impacted by different sets of factors. The reason for the price difference is the nature of taxes charged on both commodities. The central government imposes an excise duty equally everywhere across India. The state governments, however, charge a value added tax (VAT) on fuel in each state. 

 

The reason why petrol is more expensive than diesel is that a higher level of tax is imposed on petrol compared to diesel which makes the end product pricier. Moreover, where diesel is largely used for industrial and agricultural purposes, petrol is considered a luxury commodity the use of which is limited, mostly, to expensive vehicles.

FAQs on Petrol Prices in Goa

Who decides the petrol price in Goa?

The petrol price in Goa is decided based on several factors. These include the price of crude oil, the exchange rate between the Indian Rupee and the US Dollar, refinery, import and freight charges levied by Oil Marketing Companies (OMCs), dealer commission, the Central excise duty, and the Value-Added Tax (VAT) levied by the state government of Goa.

How far can you go on 1 litre of petrol?

The distance you can cover on one litre of petrol depends on the fuel efficiency of your vehicle.

What is the price of the most expensive fuel in Goa?

Currently, the costliest fuel in Goa is petrol. In Panjim, the price of petrol was highest at ₹97.66.

Why is the price of petrol cheaper in Goa than other states in India?

The price of petrol in Goa is relatively cheaper than other states because the state government charges lesser VAT on petrol than governments of other states in India. 

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