Petrol Price in Latur Today: Rs. 91.59 - Rs. 99.99

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

Petrol & Diesel Price Today in Latur (Maharashtra)

Petrol Price Today: ₹91.59 * - ₹99.99 [per litre] (as per IOCL)

Diesel Price Today: ₹80.53 - ₹89.96 [per litre] (as per IOCL)

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

Total number of IOCL Petrol Pump in Latur is 59

Petrol Price Calculation Per Litre (Approx)

Basic Cost of Fuel after Refining, Freight Cost: Rs. 51.73/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. 18.32/litre
Final Retail Price -(calculation): Rs. 91.59/litre *

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

A.k.petroleum
Petrol Price: Rs. 99.83 | Diesel Price: Rs. 89.81

Ashoka Agencies
Petrol Price: Rs. 99.19 | Diesel Price: Rs. 89.19

Bharti Petroleum
Petrol Price: Rs. 99.48 | Diesel Price: Rs. 89.47

Coco Nalegaon Adhoc Kazi Highway Se
Petrol Price: Rs. 99.56 | Diesel Price: Rs. 89.55

Coco Nalegaon Adhoc Kgn Petroleum
Petrol Price: Rs. 91.59 | Diesel Price: Rs. 80.53

Coco Nilanga Adhoc Deshmukh Petrole
Petrol Price: Rs. 98.13 | Diesel Price: Rs. 87.84

Coco Nilanga Adhoc Gangai Petroleum
Petrol Price: Rs. 99.36 | Diesel Price: Rs. 89.36

Dada Petroleum
Petrol Price: Rs. 99.30 | Diesel Price: Rs. 89.31

Deshmukh Petroleum
Petrol Price: Rs. 99.36 | Diesel Price: Rs. 89.36

Gangai Petroleum
Petrol Price: Rs. 99.14 | Diesel Price: Rs. 89.15

Gyandev Petroleum
Petrol Price: Rs. 99.50 | Diesel Price: Rs. 89.49

H.m Traders
Petrol Price: Rs. 99.30 | Diesel Price: Rs. 89.31

Jadhav Petroleum
Petrol Price: Rs. 99.89 | Diesel Price: Rs. 89.87

Jagdamba Petroleum Ksk
Petrol Price: Rs. 99.50 | Diesel Price: Rs. 89.49

K G N Petroleum
Petrol Price: Rs. 99.30 | Diesel Price: Rs. 89.31

Kamdhenu Petroleum Services
Petrol Price: Rs. 99.89 | Diesel Price: Rs. 89.87

Katale Petroleum
Petrol Price: Rs. 99.30 | Diesel Price: Rs. 89.31

Kawale S. B. Petroleum
Petrol Price: Rs. 99.19 | Diesel Price: Rs. 89.19

Kazi Highway Services
Petrol Price: Rs. 99.49 | Diesel Price: Rs. 89.48

M S Govind Suman Petroleum Ksk
Petrol Price: Rs. 99.57 | Diesel Price: Rs. 89.56

Mahananda Servo Petroleum
Petrol Price: Rs. 99.30 | Diesel Price: Rs. 89.31

Majoor Co.op Sanstha Ltd
Petrol Price: Rs. 99.30 | Diesel Price: Rs. 89.31

Mankari Petro Services
Petrol Price: Rs. 99.83 | Diesel Price: Rs. 89.81

Mankari Petroleum
Petrol Price: Rs. 99.30 | Diesel Price: Rs. 89.31

Meena Nimbalkar Petroleum Ksk
Petrol Price: Rs. 99.36 | Diesel Price: Rs. 89.36

Mohale Petroleum
Petrol Price: Rs. 99.40 | Diesel Price: Rs. 89.40

Padile Petroleum Ksk
Petrol Price: Rs. 99.36 | Diesel Price: Rs. 89.36

Parth Petroleum
Petrol Price: Rs. 99.39 | Diesel Price: Rs. 89.38

Patil Petroleum
Petrol Price: Rs. 99.75 | Diesel Price: Rs. 89.74

Pramod Petroleum
Petrol Price: Rs. 99.32 | Diesel Price: Rs. 89.32

Pruthvi Ksk
Petrol Price: Rs. 99.61 | Diesel Price: Rs. 89.60

Rajani Petroleum
Petrol Price: Rs. 99.80 | Diesel Price: Rs. 89.79

Rajgiri Petroleum
Petrol Price: Rs. 99.79 | Diesel Price: Rs. 89.77

Ridhhi Sidhi Petroleum
Petrol Price: Rs. 99.60 | Diesel Price: Rs. 89.59

Samarth Petroleum
Petrol Price: Rs. 99.40 | Diesel Price: Rs. 89.40

Sambhaji Raje Petroleum
Petrol Price: Rs. 99.43 | Diesel Price: Rs. 89.43

Shakunt Petroleum
Petrol Price: Rs. 99.19 | Diesel Price: Rs. 89.19

Sheshnag Kisan Seva Kendra
Petrol Price: Rs. 99.79 | Diesel Price: Rs. 89.77

Shetkari S.s.k. Ltd
Petrol Price: Rs. 99.18 | Diesel Price: Rs. 89.18

Shivneri Automobiles
Petrol Price: Rs. 99.56 | Diesel Price: Rs. 89.55

Shree Balaji Petro Services
Petrol Price: Rs. 99.42 | Diesel Price: Rs. 89.42

Shree Gauri Kale Petroleum Ksk
Petrol Price: Rs. 99.99 | Diesel Price: Rs. 89.96

Shree Sai Petroleum Services
Petrol Price: Rs. 99.84 | Diesel Price: Rs. 89.82

Shree Sairam Petroleum
Petrol Price: Rs. 99.00 | Diesel Price: Rs. 89.01

Shree Swami Samarth Ksk
Petrol Price: Rs. 99.61 | Diesel Price: Rs. 89.60

Shri Anantpal Kisan Petro Sers
Petrol Price: Rs. 99.83 | Diesel Price: Rs. 89.81

Shri Gurumauli Petroleum
Petrol Price: Rs. 99.70 | Diesel Price: Rs. 89.69

Shri Kedarnath Petroleum
Petrol Price: Rs. 99.14 | Diesel Price: Rs. 89.15

Shri Nilkantheshwar Petroleum Ksk
Petrol Price: Rs. 99.18 | Diesel Price: Rs. 89.18

Sonkawade Kisan Seva Kendra
Petrol Price: Rs. 99.58 | Diesel Price: Rs. 89.57

Suryawansi Petroleum Ksk
Petrol Price: Rs. 99.61 | Diesel Price: Rs. 89.60

Suyash Petroleum
Petrol Price: Rs. 99.42 | Diesel Price: Rs. 89.42

Trimbakeshwar Ksk Petroleum
Petrol Price: Rs. 99.29 | Diesel Price: Rs. 89.29

Tuljai Petroleum Ksk
Petrol Price: Rs. 99.33 | Diesel Price: Rs. 89.33

Uday Automotive Services
Petrol Price: Rs. 99.30 | Diesel Price: Rs. 89.31

Uday Trading Co.
Petrol Price: Rs. 99.85 | Diesel Price: Rs. 89.83

Vijaya Petroleum
Petrol Price: Rs. 99.85 | Diesel Price: Rs. 89.83

Vijaya Services
Petrol Price: Rs. 99.89 | Diesel Price: Rs. 89.87

Yash Petroleum
Petrol Price: Rs. 99.30 | Diesel Price: Rs. 89.30

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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