Drop in price of the rupee is the major reason for the increase in Petrol Price in India. The Petrol price in India has been revised at 6 am every day. The Petrol Price in Jaipur changes regularly so it is called dynamic fuel pricing. Both the increase and decrease in Petrol price today depends on the crude oil price in the global market. Due to this continuous change in Petrol Price in Jaipur, it is important to keep yourself updated about the Petrol price today. This page lists out the petrol price today in India. There are various factors affecting the petrol price in Jaipur. The petrol price in Jaipur is revised daily based on the previous day crude oil price in the global market and currency exchange rate.
How is the actual cost of Petrol Calculated?
Price of Petrol is calculated based on various factors such as the movement of the currency and fall in rupee against the dollar. Oil marketing companies in India buys crude oil from foreign suppliers at benchmark rates. There are various factors has been considered to calculate the actual cost of Petrol in India. They are as follows,
Delivery price at refinery
Brent Crude’s daily price
Here is how the actual cost of petrol is calculated,
Step 1: Convert US dollars to Indian rupee
Step 2: Divide the rupee by the number of litres of oil
The price of crude oil is calculated as mentioned above. Alright! Here is what is happening after buying the crude oil from foreign suppliers.
After buying the crude oil from foreign suppliers, it is then transported to various refineries in India.
Later, the crude oil is separated into different products such as coal tar, diesel, petrol, and more in the distillation towers of the 20 refineries in India.
After the separation process of petrol from crude oil, it will be stored in the storage tanks of oil companies.
This is how petrol is separated from the crude oil and the following section explains the factors used to calculate the petrol price.
Distillation cost
Cost of Refining
Crude Custom levy charges
Transportation charges from ports to the refinery
Cost of transportation from refineries to oil companies tanks
In addition to the above, the petrol price includes the following,
Commission of a dealer
Excise duty
Value-added Tax (VAT)
Taxes
Total duties.
Read further to know the importance of checking Petrol Price in Jaipur regularly.
Importance of Checking Petrol Price Today
It is all-important to check petrol price today if you're going for a long ride or drive. This is because more litres of petrol is needed for a long drive. Hence, even a small variation in Petrol Price today will lead to a big loss. The current petrol rate is either high or low when compared to other places across India. Sometimes, the petrol price varies from one Jaipur to another. This is due to the VAT charged by the various state government is higher compared to other states includes Uttar Pradesh, Jharkhand, Delhi, Chhattisgarh, Haryana, etc. Hence, it is crucial to check the live petrol price today in India. FreshersLive gives the revised Petrol Price in various Jaipurs such as Madhya Pradesh, Maharashtra, New Delhi, Mumbai, Kolkata, Goa, Andhra Pradesh, Karnataka, Kerala, Jammu & Kashmir, Rajasthan, Uttar Pradesh, Punjab, Himachal Pradesh, and so on in India. You can find the exact Petrol Price today in India. Have a hawk-eye on this page to get latest updates on Petrol Price in Jaipur.
