The cost of crude oil price in the international market along with several other factors influence the petrol rate in Uttarakhand. As the price of petrol in Uttarakhand is updated daily by the oil marketing companies, it is important that you check it regularly post 6 AM. Here is everything you need to know about the petrol price in Uttarakhand today and the different variables that tend to influence it.
In India, crude oil is exported from the international markets with US dollars. Hence the fluctuating USD/INR exchange rate has a vital role to play during the oil purchase phase. To the purchase cost, the Oil Marketing Companies or OMCs add the applicable charges such as refining charges, transportation costs, profit margin, etc., and pass it on to the dealers. The dealers then add their commission to the petrol rate in Uttarakhand. At the last stage, the state government levies the value-added tax (VAT), while the central government imposes the excise duty.
In Uttarakhand, the petrol rate is revised daily as per the June 2017 policy of dynamic fuel pricing. Fuel outlets across the state reset the price of petrol at 06 AM every day. The daily revision improves competitiveness and ensures transparent fuel pricing. The petrol price for any given day is displayed at the retail outlets across the state. Consumers can also check the petrol price in Uttarakhand on the websites and apps of oil companies.
In Uttarakhand, the fuel price was earlier updated on the first and sixteenth of the month only. As a result, irrespective of the changes in petrol cost in the global market, the customer didn’t have to pay more than the rate decided every fortnight. With the introduction of Dynamic Fuel Pricing, the OMCs ceased to be the cushion, and the market fluctuations were passed directly to the customer every morning at 06 AM. This allowed OMCs to better manage their functions and cut costs while ensuring that the end customer is synced with the current rate of petrol in Uttarakhand.
In Uttarakhand, VAT, excise duty, pollution cess are the taxes applicable on petrol. Petroleum products are out of the purview of the Goods and Services Tax (GST). Thus, there is no impact of GST on petrol rates in Uttarakhand.
Today, the petrol price in Uttarakhand can be checked using any of the channels mentioned below. Alternatively, you can also view the Uttarakhand petrol rate today on the Bajaj Markets website and app.
Oil Company |
SMS Code |
Website |
Mobile App |
Hindustan Petroleum |
“HPPRICE DEALER CODE” to 92222 01122 |
(Click on Pump Locator) |
MyHPCL Mini |
Bharat Petroleum |
“RSP DEALER CODE” to 92231 12222 |
(Click on Pump Locator) |
SmartDrive |
Indian Oil |
“RSP DEALER CODE” to 92249 92249 |
(Click on Pump Locator) |
Fuel@IOC |
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!
Bank |
Credit Card |
Credit Card Benefits |
State Bank of India |
4.25% Value Back on fuel purchases at BPCL Petrol Pumps |
|
State Bank of India |
7.25% Value Back on fuel purchases at BPCL Petrol Pumps |
|
Axis Bank |
4% Value Back on fuel purchases at Indian Oil Petrol Pumps |
The petrol price in Uttarakhand is decided based on multiple factors. These include the global cost of crude oil, INR/USD exchange rate, import and export charges, refinery fees, transportation costs, OMC profits, dealer commission, central excise duty, and value-added tax (VAT) levied by the state government.
It depends on the mileage or fuel efficiency. A two-wheeler vehicle can run almost 40 km on 1 litre of petrol. On the other hand, a four-wheeled vehicle can run for 15-20 km in 1 litre.