Amongst state capitals, Hyderabad has the highest petrol price at ₹107.41 while Itanagar has the lowest at ₹90.62. Compared to Hyderabad, petrol price in Itanagar is cheaper by ₹16.79.
Highest petrol price is seen in the state of Andhra Pradesh (₹109.40) and lowest is observed in Dadra And Nagar Haveli (₹92.51). Compared to Andhra Pradesh, the petrol price in Dadra And Nagar Haveli is cheaper by ₹16.89.
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The rate of petrol in Thiruvananthapuram
Despite having a robust public transport system, a large part of the populace in Thiruvananthapuram use their own conveyance. A spiralling of petrol price has ramifications on the household budget of commuters. Petrol prices are governed by a plethora of factors. For instance, a rise in Brent crude oil price has a direct bearing on the domestic price of petrol. Similarly, an appreciation of US dollar against Indian rupee exerts an upward pressure on petroleum prices.
How are petrol prices calculated in Thiruvananthapuram?
Petrol prices in Thiruvananthapuram is calculated by taking into account the price of Indian crude oil basket, dealer and refining margins, transportation costs, state value added tax and central excise duty. Pertinent to note that state levy varies across states. This explains why petrol prices differ across states. Changes in central excise duties also affect petroleum prices significantly. A cut in central excise duty helps in cooling off soaring petroleum prices. Besides, gyrations in the price of Brent crude oil affect the domestic price of petroleum.
How to check the correct daily petrol rate in Thiruvananthapuram Online via App, Website and SMS?
The prices of petrol are updated every day at 6 AM. This pricing mechanism is called dynamic fuel pricing. Consumers can get the latest petroleum prices using customer care services of state run oil marketing companies - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation. Besides, these companies have SMS based services which can be used to get the latest petroleum prices.
Indian Oil
Customer care number: 1800-2333-555.
Mobile app: IndianOil ONE
SMS: RSP <space> Dealer Code of Petrol Pump to 9224992249.
BPCL
Customer care number: 1800 - 22 - 4344
Mobile app: Smart Drive
SMS: RSP <space> Dealer Code of Petrol Pump to 9223112222
HPCL
SMS: HPPRICE <space> Dealer Code of Petrol Pump to 9222201122
The prices of Petrol in Thiruvananthapuram are revised and updated on a daily basis at 6 AM. This pricing mechanism is called dynamic fuel pricing. It was introduced in June 2017 in order to increase transparency and limit speculative practices. Dynamic prices change according to market conditions. A number of factors affect Petrol prices like Brent crude oil prices, rupee to US dollar exchange rate, geo-political risks like war, supply-chain issues, etc. Domestic conditions like change in excise duty or state taxes, dealer commissions, etc. also affect Petrol prices.
The rates of Petrol in Thiruvananthapuram will be different from other cities in India. State Value Added Tax (VAT) varies across states, hence, Petrol prices differ across states. Besides local body taxes, octroi etc lead to differential Petrol prices in different cities of a state.
The prices of Brent crude oil have a significant effect on the Petrol prices in Thiruvananthapuram. India’s oil demand is primarily met by imports. Hence any change in prices of Brent crude has a direct bearing on the domestic price of Petrol.
The prices of Petrol in Thiruvananthapuram are affected by changes in central excise duties. If other factors are kept constant, a rise in central excise duty leads to a rise in Petrol prices and vice-versa.
The prices of Petrol in Thiruvananthapuram do not come under the ambit of Goods and Services Tax (GST). Hence, it has no impact on the Petrol prices in Thiruvananthapuram.