Petrol Price in Kerala Today

Petrol Rates in Kerala

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

What are the Factors Determining the Petrol per Litre Price in Kerala?

The petrol price calculation in Kerala is based on several factors. The first and foremost is the price of crude oil in the global market, which is constantly affected by demand and supply factors. To top it, the fluctuating Indian Rupee to US Dollar exchange rate alters the purchase price of oil. Once the oil has been imported, the oil marketing companies (OMCs) add the cost of refining and transporting the petrol to the dealers. The dealers then add a certain fee as commission on the price of the petrol.

 

There is also the element of petrol tax in Kerala which gets added when the petrol is sold to the dealer. If you were to check the petrol price in Kerala with the tax details, you would notice that both the central and the state governments levy individual taxes. The central tax on petrol in Kerala is the same as that for other states. On the other hand, the VAT (Value-Added Tax) on petrol in Kerala is different from that imposed in other states. Therefore, it is accurate to conclude that the petrol price tax structure in Kerala is what modifies the price of petrol in Kerala the most.

 

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!

How Often is the Live Petrol Price in Kerala Revised?

As per the policy of dynamic fuel pricing, the petrol price in Kerala is revised every day to ensure transparency. As a result, if there is a change in the factors that determine the cost of petrol, you might notice a change in petrol price today in Kerala when you compare it with yesterday. Petrol dealers update the live petrol price in Kerala at 06 AM every day and display the same at every fuel station as well as on the websites and apps of oil companies.

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

While most products are covered under the GST (Goods and Services Tax) regime, petrol does not fall under its purview. As a result, any changes in the Goods and Services Tax structure system does not impact the petrol price in Kerala.

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