Petrol Price in Mumbai City Today: Rs. 91.80 - Rs. 91.80

Last Update: Thu, 21 Jan 2021 07:18:03

Petrol & Diesel Price Today in Mumbai City (Maharashtra)

Petrol Price Today: ₹92.04 * - ₹92.04 [per litre] (as per IOCL)

Diesel Price Today: ₹82.40 - ₹82.40 [per litre] (as per IOCL)

This Price is effective from 22-01-2021 (6 A.M.)

Total number of IOCL Petrol Pump in Mumbai City is 21

Petrol Price Calculation Per Litre (Approx)

Basic Cost of Fuel after Refining, Freight Cost: Rs. 52.09/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. 18.41/litre
Final Retail Price -(calculation): Rs. 92.04/litre *

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

Byculla Service Station
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Coco -iii- Marine Lines
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Coco Prabhadevi
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Coco Top Gear
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Gujarat Service Centre
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Harbour Oil Service
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Indus Filling Station
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Interstate Automobiles
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Lucky Auto
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

M S The Petrol Supplying Company
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Matunga Auto Service
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Mazhar Marine Service
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Milan Auto
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Mumbai Petrol Supply Co
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Narayan Fuel Station
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Sai Durga Services
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Shri Krishna Automobiles Pvt.ltd.
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Sovereign Service Station
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Star Petrol Station
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Suraj Sanghi Service Centre
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

Vivanta Petroleum
Petrol Price: Rs. 92.04 | Diesel Price: Rs. 82.40

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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