Which state has most expensive petrol in India?

Despite state and central government price cuts, Rajasthan has the highest per litre fuel price in the country at Rs 111.10. The desert state is followed by Maharashtra (Rs 109.98), Andhra Pradesh (Rs 109.05), and Telangana (Rs 108.20).

Why is petrol expensive in Madhya Pradesh?

Fuel Prices: Petroleum is brought to Madhya Pradesh’s Anuppur from Jabalpur oil depot, about 250 km from the district headquarter, hence, fuel is costlier in the district than in other parts of the state due to higher transportation cost, Abhishek Jaiswal, a petrol pump owner, told news agency PTI.

Where is fuel most expensive in India?

In Bhopal, Madhya Pradesh the price of petrol is Rs 107.43, while diesel prices are at Rs 97.93 per litre, making it one of the most fuel-expensive states in the country at the moment. In Rajasthan’s capital Jaipur the price of petrol stands at Rs 105.91 per litre of fuel and diesel is at Rs 98.29 per litre.

Why is petrol expensive in Bhopal?

Crude oil costs have accelerated in January 2018 due to the increased demand for the commodity. Thus, petrol rates in the city of Bhopal have also soared by 5.14\% this month. If there is a change in the excise duty, the fuel price is directly impacted. The Central Government had reduced the excise duty by Rs.

What is the rate of petrol in Madhya Pradesh?

Petrol Price in Madhya pradesh Today : The price of Petrol in Madhya pradesh is at Rs 107.245 per litre Today.

Where is world’s cheapest petrol?

Venezuela
On the contrary, Venezuela has the cheapest petrol price in the world. One litre of petrol in Venezuela is priced at $0.025 or Rs 1.88.

What is petrol price in MP today?

Rs 107.245 per litre
: The price of Petrol in Madhya pradesh is at Rs 107.245 per litre Today.

Where is petrol cheapest in world?

What is Petrol price in Indore today?

Rs 107.26 per litre
Petrol Price in Indore Today : The price of Petrol in Indore is at Rs 107.26 per litre Today.

How are petrol prices revised in Madhya Pradesh?

The Petrol prices in Madhya Pradesh are based on dynamic fuel pricing system and hence revised on a regular basis. The petrol rates are revised at 6 am every day. This dynamic pricing ensures that even a minute’s variation in global oil prices can be transmitted to fuel users and dealers.

Which state in India has the highest petrol prices?

BHOPAL: Petrol prices in Madhya Pradesh are the highest in India, as per the nationwide statistics released by the Petrol Pump Owners Association of MP on Sunday. The average price of petrol in MP on February 26 was Rs 98.96 — highest in the country.

What factors affect the price of fuel in India?

Various factors impact the price of fuel. These include rupee to US dollar exchange rate, cost of crude oil, global cues, demand for fuel, and so on. When international crude oil prices gain, prices in India move higher.

How is the petrol rate decided?

The petrol rates are revised at 6 am every day. This dynamic pricing ensures that even a minute’s variation in global oil prices can be transmitted to fuel users and dealers. The final petrol rate is decided by adding payment to the refineries, excise duty, dealer commission and Value-Added Tax or VAT.