Petrol Price in Madhepura Today: Rs. 87.73 - Rs. 88.31

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

Petrol & Diesel Price Today in Madhepura (Bihar)

Petrol Price Today: ₹87.73 * - ₹88.31 [per litre] (as per IOCL)

Diesel Price Today: ₹80.46 - ₹81.01 [per litre] (as per IOCL)

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

Total number of IOCL Petrol Pump in Madhepura is 32

Petrol Price Calculation Per Litre (Approx)

Basic Cost of Fuel after Refining, Freight Cost: Rs. 50.25/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. 15.94/litre
Final Retail Price -(calculation): Rs. 87.73/litre *

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

Anam Petroleum
Petrol Price: Rs. 88.01 | Diesel Price: Rs. 80.72

Anil Prabudh Fuel Centre
Petrol Price: Rs. 88.16 | Diesel Price: Rs. 80.87

Arya Petroleum
Petrol Price: Rs. 88.03 | Diesel Price: Rs. 80.75

Ashu Arnu Kisan Seva Kendra
Petrol Price: Rs. 88.19 | Diesel Price: Rs. 80.89

Balram Krishna Fuel Center
Petrol Price: Rs. 87.95 | Diesel Price: Rs. 80.67

Chandana Fuels
Petrol Price: Rs. 88.03 | Diesel Price: Rs. 80.75

Ganesh Prabha Fuel Centre
Petrol Price: Rs. 87.78 | Diesel Price: Rs. 80.51

Ganpati Fuel Centre
Petrol Price: Rs. 88.13 | Diesel Price: Rs. 80.84

Jai Bajrang Fuels
Petrol Price: Rs. 88.05 | Diesel Price: Rs. 80.77

Jai Durgey Fuel Centre
Petrol Price: Rs. 88.02 | Diesel Price: Rs. 80.73

Jai Maa Tara Fuel Centre
Petrol Price: Rs. 88.31 | Diesel Price: Rs. 81.01

Jaiswal Fuel Centre
Petrol Price: Rs. 87.81 | Diesel Price: Rs. 80.54

Jawahar Fuel Centre
Petrol Price: Rs. 87.86 | Diesel Price: Rs. 80.59

Ma Lalita Fuel Centre
Petrol Price: Rs. 88.02 | Diesel Price: Rs. 80.73

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

Manohar Lal Dwarika Prasad(singeswa
Petrol Price: Rs. 88.10 | Diesel Price: Rs. 80.81

Manoharlal Dwarka Prasad
Petrol Price: Rs. 88.03 | Diesel Price: Rs. 80.75

Meghraj Shroff(madhepurahsd)
Petrol Price: Rs. 88.03 | Diesel Price: Rs. 80.75

Motilal Ramswaroop(hsd)
Petrol Price: Rs. 88.16 | Diesel Price: Rs. 80.87

Nikki Fuels
Petrol Price: Rs. 88.16 | Diesel Price: Rs. 80.87

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

Parvti Ramchandra Petroleum
Petrol Price: Rs. 88.03 | Diesel Price: Rs. 80.75

Prakash Petroleum
Petrol Price: Rs. 88.01 | Diesel Price: Rs. 80.73

Riya Fuel Center
Petrol Price: Rs. 87.73 | Diesel Price: Rs. 80.46

Sarita Ridhi Fuel Centre
Petrol Price: Rs. 88.02 | Diesel Price: Rs. 80.73

Shabnam And Sons
Petrol Price: Rs. 88.16 | Diesel Price: Rs. 80.87

Shashi Raj Fuels
Petrol Price: Rs. 87.78 | Diesel Price: Rs. 80.51

Shiv Guru Petroleum
Petrol Price: Rs. 88.01 | Diesel Price: Rs. 80.72

Shiv Shakti Kisan Sewa Kendra
Petrol Price: Rs. 88.18 | Diesel Price: Rs. 80.88

Shoundik Petroleum
Petrol Price: Rs. 87.98 | Diesel Price: Rs. 80.69

Somani Fuel Centre
Petrol Price: Rs. 87.95 | Diesel Price: Rs. 80.67

Ujala Fuel Centre
Petrol Price: Rs. 87.81 | Diesel Price: Rs. 80.54

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)


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