Petrol Price in Nawada Today: Rs. 88.44 - Rs. 88.90

Last Update: Thu, 21 Jan 2021 07:18:02

Petrol & Diesel Price Today in Nawada (Bihar)

Petrol Price Today: ₹88.44 * - ₹88.90 [per litre] (as per IOCL)

Diesel Price Today: ₹81.20 - ₹81.64 [per litre] (as per IOCL)

This Price is effective from 20-01-2021 (6 A.M.)

Total number of IOCL Petrol Pump in Nawada is 37

Petrol Price Calculation Per Litre (Approx)

Basic Cost of Fuel after Refining, Freight Cost: Rs. 50.83/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. 16.07/litre
Final Retail Price -(calculation): Rs. 88.44/litre *

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

Aadarsh Fuel Service Station
Petrol Price: Rs. 88.56 | Diesel Price: Rs. 81.32

Aditi Fuel Station
Petrol Price: Rs. 88.90 | Diesel Price: Rs. 81.64

Ashok Automobile
Petrol Price: Rs. 88.74 | Diesel Price: Rs. 81.49

Baba Filling Station
Petrol Price: Rs. 88.78 | Diesel Price: Rs. 81.52

Chishty Kisan Seva Kendra
Petrol Price: Rs. 88.65 | Diesel Price: Rs. 81.41

Deo Auto Service
Petrol Price: Rs. 88.75 | Diesel Price: Rs. 81.50

Deobedami Kisan Seva Kendra
Petrol Price: Rs. 88.52 | Diesel Price: Rs. 81.28

Deva Kisan Seva Kendra
Petrol Price: Rs. 88.72 | Diesel Price: Rs. 81.47

Durga Filling Station
Petrol Price: Rs. 88.70 | Diesel Price: Rs. 81.46

Durga Petroleum Cafe
Petrol Price: Rs. 88.51 | Diesel Price: Rs. 81.27

G.k.padia Sons
Petrol Price: Rs. 88.59 | Diesel Price: Rs. 81.35

Gopi Automobiles
Petrol Price: Rs. 88.52 | Diesel Price: Rs. 81.28

Honey Fuel Centre
Petrol Price: Rs. 88.51 | Diesel Price: Rs. 81.27

Jai Maa Gaytri Kisan Seva Kend
Petrol Price: Rs. 88.72 | Diesel Price: Rs. 81.47

Kaushal Fuel Service Station
Petrol Price: Rs. 88.56 | Diesel Price: Rs. 81.32

Kirti Priya Fuel Station
Petrol Price: Rs. 88.51 | Diesel Price: Rs. 81.27

Kuldip Service Station
Petrol Price: Rs. 88.60 | Diesel Price: Rs. 81.36

Lal Kisan Sewa Kendra
Petrol Price: Rs. 88.62 | Diesel Price: Rs. 81.37

Maa Durga Service Station
Petrol Price: Rs. 88.74 | Diesel Price: Rs. 81.49

Makanpur Fuel Station
Petrol Price: Rs. 88.59 | Diesel Price: Rs. 81.35

Manali Kisan Sewa Kendra
Petrol Price: Rs. 88.64 | Diesel Price: Rs. 81.40

Om Sai Automobiles
Petrol Price: Rs. 88.60 | Diesel Price: Rs. 81.36

Pawapuri Kisan Seva Kendra
Petrol Price: Rs. 88.44 | Diesel Price: Rs. 81.20

Pawapuri Services
Petrol Price: Rs. 88.56 | Diesel Price: Rs. 81.32

Rani Fuel Station
Petrol Price: Rs. 88.59 | Diesel Price: Rs. 81.35

Shailputri Kisan Seva Kendra
Petrol Price: Rs. 88.58 | Diesel Price: Rs. 81.34

Shaligram Kisan Seva Kendra
Petrol Price: Rs. 88.69 | Diesel Price: Rs. 81.44

Shankar Kisan Seva Kendra
Petrol Price: Rs. 88.70 | Diesel Price: Rs. 81.46

Shanti Mehta Kisan Seva Kendra
Petrol Price: Rs. 88.59 | Diesel Price: Rs. 81.35

Shree Navdurga Kisan Seva Kendra
Petrol Price: Rs. 88.51 | Diesel Price: Rs. 81.27

Singh Kisan Seva Kendra
Petrol Price: Rs. 88.78 | Diesel Price: Rs. 81.52

Sri Lakshmi Kisan Seva Kendra
Petrol Price: Rs. 88.54 | Diesel Price: Rs. 81.30

Suraj Service Station
Petrol Price: Rs. 88.51 | Diesel Price: Rs. 81.27

Terminal Filling Point
Petrol Price: Rs. 88.86 | Diesel Price: Rs. 81.60

Tirupati Ksk
Petrol Price: Rs. 88.62 | Diesel Price: Rs. 81.38

Usha Kisan Seva Kendra
Petrol Price: Rs. 88.90 | Diesel Price: Rs. 81.64

Vijay Auto Traders
Petrol Price: Rs. 88.51 | Diesel Price: Rs. 81.27

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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