Petrol Price in Chandigarh Today: Rs. 80.85 - Rs. 87.14

Last Update: Wed, 14 Apr 2021 07:18:03

Petrol & Diesel Price Today in Chandigarh (Chandigarh)

Petrol Price Today: ₹80.85 * - ₹87.14 [per litre] (as per IOCL)

Diesel Price Today: ₹73.87 - ₹80.57 [per litre] (as per IOCL)

This Price is effective from 14-04-2021 (6 A.M.)

Total number of IOCL Petrol Pump in Chandigarh is 23

Petrol Price Calculation Per Litre (Approx)

Basic Cost of Fuel after Refining, Freight Cost: Rs. 47.3/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. 12.01/litre
Final Retail Price -(calculation): Rs. 80.85/litre *

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

Allied Service Station
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Amalia Petro Point
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Ashish Service Station
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Capital Motor Stores
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Chandigarh Automobiles
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Chandigarh Nagar Nigam
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Citco Lpg Petrol Station-38
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Citco Petrol Station
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Citco Petrol Station -56
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

City Service Centre
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Coco-33 Rajinder Kumar Ser.pro
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Kapoor Service Station
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Karan Filling Ser. Stn.
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Kay Tee Service Stn.
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Mann Filling Station
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Pathania S Station
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Pirzada Enterprises
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Sangam Filling Station
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Sidhu Service Station
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Sukhna Automobiles
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Sukhna Automobiles Adhoc It Park
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

Tee Emm Motors Adhoc
Petrol Price: Rs. 80.85 | Diesel Price: Rs. 73.87

Tiwana Service Station
Petrol Price: Rs. 87.14 | Diesel Price: Rs. 80.57

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/)