Petrol Price in Madhubani Today: Rs. 94.94 - Rs. 95.72

Last Update: Wed, 12 May 2021 07:18:06

Petrol & Diesel Price Today in Madhubani (Bihar)

Petrol Price Today: ₹94.94 * - ₹95.72 [per litre] (as per IOCL)

Diesel Price Today: ₹88.43 - ₹89.16 [per litre] (as per IOCL)

This Price is effective from 12-05-2021 (6 A.M.)

Total number of IOCL Petrol Pump in Madhubani is 60

Petrol Price Calculation Per Litre (Approx)

Basic Cost of Fuel after Refining, Freight Cost: Rs. 56.15/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. 17.25/litre
Final Retail Price -(calculation): Rs. 94.94/litre *

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

Abha Fuel Centre
Petrol Price: Rs. 95.50 | Diesel Price: Rs. 88.96

Alam Hi-tech Fuel Center
Petrol Price: Rs. 95.72 | Diesel Price: Rs. 89.16

Anuradha Deepak Petroleum
Petrol Price: Rs. 95.48 | Diesel Price: Rs. 88.94

Baba Fuel Filling Station
Petrol Price: Rs. 95.37 | Diesel Price: Rs. 88.84

Baidyanath Service Station
Petrol Price: Rs. 95.40 | Diesel Price: Rs. 88.86

Bhagwati Kisan Seva Kendra
Petrol Price: Rs. 95.08 | Diesel Price: Rs. 88.57

Binod Fuel Centre
Petrol Price: Rs. 95.61 | Diesel Price: Rs. 89.06

Devendra Diesels Service( )
Petrol Price: Rs. 95.62 | Diesel Price: Rs. 89.07

Dewat Narayan Singh
Petrol Price: Rs. 95.50 | Diesel Price: Rs. 88.96

Dhananjay Petroleum
Petrol Price: Rs. 95.36 | Diesel Price: Rs. 88.83

Dinesh Kisan Seva Kendra
Petrol Price: Rs. 95.36 | Diesel Price: Rs. 88.83

Durga Bhagwati Ksk
Petrol Price: Rs. 95.43 | Diesel Price: Rs. 88.89

Ganga Petroleum
Petrol Price: Rs. 95.44 | Diesel Price: Rs. 88.91

Gangotri Petroleum (adhoc)
Petrol Price: Rs. 95.14 | Diesel Price: Rs. 88.63

Geetanjali Fuels
Petrol Price: Rs. 95.14 | Diesel Price: Rs. 88.63

Hanuman Auto Service( )
Petrol Price: Rs. 95.31 | Diesel Price: Rs. 88.79

Hena Auto Service( )
Petrol Price: Rs. 94.97 | Diesel Price: Rs. 88.47

Jai Baidyanath Ksk
Petrol Price: Rs. 95.31 | Diesel Price: Rs. 88.78

Jai Maa Girija Fuel Station
Petrol Price: Rs. 95.41 | Diesel Price: Rs. 88.88

Jai Mahadev Kisan Sewa Kendra
Petrol Price: Rs. 95.27 | Diesel Price: Rs. 88.75

Jai Mahadev Service Station
Petrol Price: Rs. 95.43 | Diesel Price: Rs. 88.89

Jai Shiv Oil Centre
Petrol Price: Rs. 95.27 | Diesel Price: Rs. 88.74

Kashi Fuel Centre
Petrol Price: Rs. 95.62 | Diesel Price: Rs. 89.07

Kaushalya Nath Services
Petrol Price: Rs. 95.26 | Diesel Price: Rs. 88.74

Kuldip Service Station
Petrol Price: Rs. 95.44 | Diesel Price: Rs. 88.91

Kumar Jha Filling Station
Petrol Price: Rs. 95.23 | Diesel Price: Rs. 88.71

Kumar Jha Service Centre
Petrol Price: Rs. 95.26 | Diesel Price: Rs. 88.73

Laddu Gopal Ksk
Petrol Price: Rs. 95.23 | Diesel Price: Rs. 88.71

M S Panjiyar Petroleum
Petrol Price: Rs. 95.48 | Diesel Price: Rs. 88.94

M S R K Filling Station
Petrol Price: Rs. 95.18 | Diesel Price: Rs. 88.66

M S Rajlaxmi Fuels
Petrol Price: Rs. 95.26 | Diesel Price: Rs. 88.74

M S Upendra Laxman Petro
Petrol Price: Rs. 95.11 | Diesel Price: Rs. 88.60

Mahadev Auto Service
Petrol Price: Rs. 95.26 | Diesel Price: Rs. 88.74

Maharani Mithilanchal Fuels
Petrol Price: Rs. 95.14 | Diesel Price: Rs. 88.63

Mahatma Diesel Service
Petrol Price: Rs. 95.40 | Diesel Price: Rs. 88.86

Manorama Auto Service Centre
Petrol Price: Rs. 95.14 | Diesel Price: Rs. 88.63

Mataji Kisan Sewa Kendra
Petrol Price: Rs. 95.31 | Diesel Price: Rs. 88.78

Milan Automobiles.
Petrol Price: Rs. 95.48 | Diesel Price: Rs. 88.94

Mithila Auto Service
Petrol Price: Rs. 95.14 | Diesel Price: Rs. 88.63

Mithila Filling Station
Petrol Price: Rs. 95.05 | Diesel Price: Rs. 88.54

Mithila Fossils
Petrol Price: Rs. 95.27 | Diesel Price: Rs. 88.75

Mithilanchal Kisan Sewa Kendra
Petrol Price: Rs. 95.10 | Diesel Price: Rs. 88.58

Narayani Petro Service
Petrol Price: Rs. 95.57 | Diesel Price: Rs. 89.03

Naresh Kisan Sewa Kendra
Petrol Price: Rs. 95.36 | Diesel Price: Rs. 88.83

Onkarmal Satyanarain
Petrol Price: Rs. 95.53 | Diesel Price: Rs. 88.99

Prem Petroleum
Petrol Price: Rs. 95.11 | Diesel Price: Rs. 88.59

Rasula Petroleum
Petrol Price: Rs. 95.41 | Diesel Price: Rs. 88.88

Ravita Kisan Seva Kendra
Petrol Price: Rs. 95.43 | Diesel Price: Rs. 88.89

Roy Automobiles( )
Petrol Price: Rs. 95.29 | Diesel Price: Rs. 88.76

Saheb Petroleum
Petrol Price: Rs. 94.94 | Diesel Price: Rs. 88.43

Satyam Sidhesh Ksk
Petrol Price: Rs. 95.24 | Diesel Price: Rs. 88.72

Savita Kisan Sewa Kendra
Petrol Price: Rs. 95.25 | Diesel Price: Rs. 88.73

Shivam Enterprises
Petrol Price: Rs. 95.23 | Diesel Price: Rs. 88.71

Shree Kamal Diesels
Petrol Price: Rs. 95.67 | Diesel Price: Rs. 89.12

Stuti Fuels
Petrol Price: Rs. 95.50 | Diesel Price: Rs. 88.96

Sunaina Kisan Sewa Kendra
Petrol Price: Rs. 95.03 | Diesel Price: Rs. 88.52

Sunanda Fuel Station
Petrol Price: Rs. 95.71 | Diesel Price: Rs. 89.15

Sushila Fuel Station
Petrol Price: Rs. 95.41 | Diesel Price: Rs. 88.88

Tara Auto Service
Petrol Price: Rs. 95.33 | Diesel Price: Rs. 88.80

Vaidehi Petroleum
Petrol Price: Rs. 95.05 | Diesel Price: Rs. 88.54

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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