Petrol Price in Faridkot Today: Rs. 87.38 - Rs. 87.97

Last Update: Tue, 02 Mar 2021 07:18:05

Petrol & Diesel Price Today in Faridkot (Punjab)

Petrol Price Today: ₹87.38 * - ₹87.97 [per litre] (as per IOCL)

Diesel Price Today: ₹78.18 - ₹78.71 [per litre] (as per IOCL)

This Price is effective from 02-02-2021 (6 A.M.)

Total number of IOCL Petrol Pump in Faridkot is 42

Petrol Price Calculation Per Litre (Approx)

Basic Cost of Fuel after Refining, Freight Cost: Rs. 45.62/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. 20.22/litre
Final Retail Price -(calculation): Rs. 87.38/litre *

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

Baba Farid Filling Station
Petrol Price: Rs. 87.59 | Diesel Price: Rs. 78.37

Balwinder Singh Sons
Petrol Price: Rs. 87.69 | Diesel Price: Rs. 78.46

Bhatia Filling Station
Petrol Price: Rs. 87.85 | Diesel Price: Rs. 78.61

Brar Auto Fuels
Petrol Price: Rs. 87.97 | Diesel Price: Rs. 78.71

Brar Oil Co
Petrol Price: Rs. 87.83 | Diesel Price: Rs. 78.59

Chaman Agro Sales Corprn
Petrol Price: Rs. 87.60 | Diesel Price: Rs. 78.38

Dasmesh Modern Ksk
Petrol Price: Rs. 87.76 | Diesel Price: Rs. 78.52

Dhillon Motors
Petrol Price: Rs. 87.77 | Diesel Price: Rs. 78.53

Dyal Nihal Filling Station
Petrol Price: Rs. 87.58 | Diesel Price: Rs. 78.36

Farid Kissan Sewa Kendra
Petrol Price: Rs. 87.74 | Diesel Price: Rs. 78.50

Farid Service Station
Petrol Price: Rs. 87.97 | Diesel Price: Rs. 78.71

Gill Filling Station-
Petrol Price: Rs. 87.90 | Diesel Price: Rs. 78.65

Grewal Filling Station
Petrol Price: Rs. 87.60 | Diesel Price: Rs. 78.38

Gumti Petro Point
Petrol Price: Rs. 87.38 | Diesel Price: Rs. 78.18

Guru Hargobind F S
Petrol Price: Rs. 87.51 | Diesel Price: Rs. 78.29

Gurukirpa Filling Station
Petrol Price: Rs. 87.97 | Diesel Price: Rs. 78.72

Hindustan Filling Station
Petrol Price: Rs. 87.77 | Diesel Price: Rs. 78.54

Hosiarpur Oil Store
Petrol Price: Rs. 87.77 | Diesel Price: Rs. 78.54

Hukam Singh Sons
Petrol Price: Rs. 87.90 | Diesel Price: Rs. 78.66

Jagga Petro Zone Ksk
Petrol Price: Rs. 87.83 | Diesel Price: Rs. 78.59

Jugnu Motors
Petrol Price: Rs. 87.51 | Diesel Price: Rs. 78.29

Kalgidhar Motors
Petrol Price: Rs. 87.70 | Diesel Price: Rs. 78.48

Khara Filling Station
Petrol Price: Rs. 87.75 | Diesel Price: Rs. 78.51

Kissan Motors-bargari
Petrol Price: Rs. 87.53 | Diesel Price: Rs. 78.31

Krishiv Petroleum Ksk
Petrol Price: Rs. 87.38 | Diesel Price: Rs. 78.18

M S Sangam Motors
Petrol Price: Rs. 87.82 | Diesel Price: Rs. 78.58

Pargat Singh Gurmail Singh Ksk
Petrol Price: Rs. 87.51 | Diesel Price: Rs. 78.29

Prince Kissan Seva Kendra
Petrol Price: Rs. 87.47 | Diesel Price: Rs. 78.26

Punjab Kaur Filling Stn. Ksk
Petrol Price: Rs. 87.88 | Diesel Price: Rs. 78.64

Punjgrain Motors
Petrol Price: Rs. 87.71 | Diesel Price: Rs. 78.48

Rabra Synergies
Petrol Price: Rs. 87.97 | Diesel Price: Rs. 78.71

Ram Parkash Kissan Sewa Kendra
Petrol Price: Rs. 87.63 | Diesel Price: Rs. 78.40

Rameana Filling Station
Petrol Price: Rs. 87.49 | Diesel Price: Rs. 78.28

Rikhi Ram Kisan Sewa Kendra
Petrol Price: Rs. 87.80 | Diesel Price: Rs. 78.56

S.daya Singh Brar Ksk
Petrol Price: Rs. 87.85 | Diesel Price: Rs. 78.61

S.daya Singh Brar Ksk Adhoc
Petrol Price: Rs. 87.47 | Diesel Price: Rs. 78.26

Sahota Quality Fuels
Petrol Price: Rs. 87.69 | Diesel Price: Rs. 78.46

Sandhu Brothers Ksk
Petrol Price: Rs. 87.80 | Diesel Price: Rs. 78.56

Sarbansdaani Filling Sta.
Petrol Price: Rs. 87.76 | Diesel Price: Rs. 78.53

Satkartar Filling Station
Petrol Price: Rs. 87.88 | Diesel Price: Rs. 78.64

Sheikh Farid F S
Petrol Price: Rs. 87.81 | Diesel Price: Rs. 78.57

Surya Petroleum
Petrol Price: Rs. 87.85 | Diesel Price: Rs. 78.61

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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