Petrol Price in Bhagalpur Today: Rs. 85.72 - Rs. 89.27

Last Update: Sat, 16 Jan 2021 07:18:02

Petrol & Diesel Price Today in Bhagalpur (Bihar)

Petrol Price Today: ₹85.72 * - ₹89.27 [per litre] (as per IOCL)

Diesel Price Today: ₹77.72 - ₹81.91 [per litre] (as per IOCL)

This Price is effective from 16-01-2021 (6 A.M.)

Total number of IOCL Petrol Pump in Bhagalpur is 41

Petrol Price Calculation Per Litre (Approx)

Basic Cost of Fuel after Refining, Freight Cost: Rs. 48.61/litre
Additional: Excise Duty + Road Cess as Charged by Central Government: Rs. 17.98/litre
Commission to Petrol Pump Dealers: Rs. 3.56/litre
Additional:VAT (Varies from State to State): Rs. 15.57/litre
Final Retail Price -(calculation): Rs. 85.72/litre *

Petrol & Diesel Prices (per litre) according to IOCL Petrol Pumps in Bhagalpur (Bihar)

Abhishek Fuel Centre
Petrol Price: Rs. 88.68 | Diesel Price: Rs. 81.36

Baba Nath Fuel Centre
Petrol Price: Rs. 89.20 | Diesel Price: Rs. 81.85

Choudhary And Brothers
Petrol Price: Rs. 89.19 | Diesel Price: Rs. 81.83

Fuel Centre
Petrol Price: Rs. 87.69 | Diesel Price: Rs. 80.43

Fuel Mart
Petrol Price: Rs. 88.63 | Diesel Price: Rs. 81.31

H M Petroleum
Petrol Price: Rs. 89.02 | Diesel Price: Rs. 81.68

Harshit Fuel Centre
Petrol Price: Rs. 87.69 | Diesel Price: Rs. 80.43

Jai Bhawani Service Station
Petrol Price: Rs. 89.22 | Diesel Price: Rs. 81.86

K.k. Oil Agency(hsd)( )
Petrol Price: Rs. 88.63 | Diesel Price: Rs. 81.31

Karuna Fuel Centre
Petrol Price: Rs. 88.30 | Diesel Price: Rs. 81.00

Kuber Automobile
Petrol Price: Rs. 89.27 | Diesel Price: Rs. 81.91

Kumar Distributors( )
Petrol Price: Rs. 87.69 | Diesel Price: Rs. 80.43

Kundan Petroleum Service( )
Petrol Price: Rs. 89.15 | Diesel Price: Rs. 81.80

L D Fuel Centre
Petrol Price: Rs. 88.57 | Diesel Price: Rs. 81.25

Laxmi Shyam Fuels
Petrol Price: Rs. 88.79 | Diesel Price: Rs. 81.45

Ma Bageshwri Kisan Seva Kendra
Petrol Price: Rs. 88.44 | Diesel Price: Rs. 81.13

Maa Maheshwari Kisan Seva Kendra
Petrol Price: Rs. 88.87 | Diesel Price: Rs. 81.53

Maa Tara Filling Centre
Petrol Price: Rs. 87.87 | Diesel Price: Rs. 80.59

Mithilesh Pd.singh( )
Petrol Price: Rs. 88.58 | Diesel Price: Rs. 81.26

Nathnagar Fuel
Petrol Price: Rs. 88.30 | Diesel Price: Rs. 81.00

Nishant Fuel Centre
Petrol Price: Rs. 88.68 | Diesel Price: Rs. 81.36

Parashuram Petroleum Services
Petrol Price: Rs. 88.59 | Diesel Price: Rs. 81.27

Pawan Baba Fuels
Petrol Price: Rs. 87.87 | Diesel Price: Rs. 80.59

R D Mandal Kisan Seva Kendra
Petrol Price: Rs. 88.87 | Diesel Price: Rs. 81.53

R.b.fuels
Petrol Price: Rs. 88.68 | Diesel Price: Rs. 81.36

Rajmani Fuel Centre
Petrol Price: Rs. 89.27 | Diesel Price: Rs. 81.91

Ritik Fuels
Petrol Price: Rs. 89.19 | Diesel Price: Rs. 81.83

Sahu Petroleum
Petrol Price: Rs. 87.87 | Diesel Price: Rs. 80.59

Sahu Petroleum(adhoc)
Petrol Price: Rs. 87.88 | Diesel Price: Rs. 80.60

Santoshi Fuel Centre
Petrol Price: Rs. 87.93 | Diesel Price: Rs. 80.65

Sarojini Filling Station( )
Petrol Price: Rs. 88.61 | Diesel Price: Rs. 81.29

Sarwdeo Sons Ksk
Petrol Price: Rs. 89.19 | Diesel Price: Rs. 81.83

Shambhavi Fuel
Petrol Price: Rs. 85.72 | Diesel Price: Rs. 77.72

Shankar Service Station( )
Petrol Price: Rs. 89.19 | Diesel Price: Rs. 81.83

Sharda Sons( )
Petrol Price: Rs. 88.87 | Diesel Price: Rs. 81.53

Shri Shyam Petroleum
Petrol Price: Rs. 87.87 | Diesel Price: Rs. 80.59

Sree Vishnu Petroleum Service
Petrol Price: Rs. 88.63 | Diesel Price: Rs. 81.31

Usha Fuel Mart
Petrol Price: Rs. 89.26 | Diesel Price: Rs. 81.90

Vaibhav Fuel
Petrol Price: Rs. 88.63 | Diesel Price: Rs. 81.31

Veer Shaheed Om Fuel Centre
Petrol Price: Rs. 88.87 | Diesel Price: Rs. 81.53

Vikramshila Automobiles
Petrol Price: Rs. 89.19 | Diesel Price: Rs. 81.83

Breakup of Petrol Price

The Price of Petrol & Diesel affect almost every Indian directly or indirectly. Such is the importance of these two that any increase or decrease in their price is widely discussed. The prices change every fortnight based on the changes in the price of crude oil and changes in tax rate. While people at large follow pricing of these two commodities, they do not understand the structure of pricing, the components that add up to the final price.

Crude oil is the major raw material for petrol. At present, 75% of India's crude oil needs are met through imports. And thus, international prices of crude oil and foreign exchange rates are the base components in determining the price of petrol at home. Only 25% of India's crude oil requirement is maintained by private sector companies like Reliance Industries, Cairn India Ltd, and public sector counterparts like Oil India, Oil and Natural Gas Corporation (ONGC) among others in this sector.

Barrels of Crude Oil are imported from somewhere in the oil fields of the middle east. The price is calculated in dollars per Barrel. The price in Indian rupees is also dependent on the foreign exchange rates for that fortnight. [ 1 Barrel = 158.987 litre (approx) ].

The Crude Oil is transported to India. Ocean freight and transport charges are now applied to Crude Oil. This Crude oil is now refined to extract Petrol. The Crude Oil is now bought by several Oil Marketing Companies (like IOCL, BPCL, HPCL, Reliance Industries and Essar cater) and then refine Crude Oil to Petrol. Refinery Transfer Price (RTP) is paid by OMCs to Refineries.

This refined Petrol is now sold to Dealers (individuals or businesses that own petrol pumps) by OMCs after adding other expenses & keeping some margin.

The Central Excise Duty is levied by the Central Government (Government of India). This is a fixed amount and not a percentage on the price. The dealer commission is also added to the price after imposition of the Central Excise. The State Governments levy Value Added Tax (VAT) or sales tax on the price arrived at by adding dealer price, central excise duty & dealer commission. The central excise duty, dealer's commission and State Govt's VAT percentage amount are fixed by Govt Fiscal Budget (Revenue & Expenditure)


(Photo Credit: https://factly.in/)