27thPetrol prices in India have touched a record high lately with cities like Bhopal and Mumbai crossing the Rs 100 mark for the first time ever in history. Moreover, the Sri Ganganagar district of Rajasthan has become the first to touch the Rs 100 mark for both petrol and diesel. The prices of fuel vary from state to state thus resulting in different prices for different regions.
To illustrate, every state has its own rate of value-added tax (VAT) and transportation charges. For example, Rajasthan levies the highest VAT in India followed by Madhya Pradesh and Maharashtra. The fuel price includes taxes levied by both the central and state government, which make for up to 60 percent of the petrol price. Since the pricing keeps changing, here we will update the fuel pricing in major cities across the country on a daily basis.
Petrol price in India today in metro cities [June 27th]
In the past, petrol prices were revised every fortnight, which means the prices would change on the first of every month and then on the 16th of the month. However, starting June 15th, 2017, the petrol prices are being revised daily at 6am. Below are today’s petrol prices in four major metro cities of Indi
Petrol Price (per litre)
|New Delhi||Rs 98.46|
Petrol price in India today in all major cities [June 27th]
As mentioned before, different states have varying VAT applicable on the petrol prices and thus the rate differs from state to state. Below are the prices of petrol in all major cities across the country.
Petrol Price (per litre)
Petrol price tax breakup: how much tax are you paying to central and state governments?
You must be wondering by now that why petrol prices vary from state to state. This is because of the VAT levied by various states on the price of petrol. There are two important factors that determine the petrol price in India – VAT and Excise Duty. However, before anything else, the crude oil is obtained by oil marketing companies (Rs 32.39 per litre as of June 1st, 2021) and processed into petrol. A small surcharge (Rs 3.6) is levied by OMC for the processing and logistics, which takes the price of petrol ready to be sent to petrol pumps to Rs 35.99 per litre (Rs 32.39 + Rs 3.6).
Petrol price tax breakup: central government taxes
The central government taxes on the petrol price include the excise duty and road cess. Additionally, the commission to the petrol pump dealers is also added to the tax bracket at the central government level. The government charges Rs 32.9 per litre as excise duty and Rs 3.79 per litre as dealer commission over Rs 35.99 per litre charged by the OMC. This takes the cost of petrol before VAT to Rs 72.68 per litre ( Rs 35.99 + Rs 32.9 + Rs 3.79).
|Basic OMC cost calculation||Petrol price calculation|
|Crude Oil||Rs 32.39 per litre (as of June 1st,2021)|
|Refinery processing + refinery margins + OMC margin + freight cost, logistics||Rs 3.6 per litre|
|Fuel price after processing (ready to be sent to petrol pump)||Rs 35.99 per litre|
|Central government taxes and dealer commission|
|Excise duty + road cess as charged by the central government||Rs 32.9 per litre|
|Commission to petrol pump dealers||Rs 3.79 per litre|
|Petrol cost before VAT|
|Cost as of June 1st, 2021||Rs 72.68 per litre|
Petrol price tax breakup: state government taxes
As you can see in the table above, the state governments receive the fuel at Rs 72.68 per litre from the central government. They further levy VAT, sales tax, and road cess as per their policy to determine the final retail price of petrol.
|VAT calculation||Price of Petrol|
|Additional: VAT /sales tax determined by the state government|
X/100 * Rs 72.68 (where X is the percentage of VAT/sales tax levied by the state)
|Final retail price||Rs 72.68 + VAT/sales tax|
State-wise list of VAT/sales tax
In India, states like Rajasthan, Madhya Pradesh, and Manipur have the highest VAT applicable on the petrol price. Whereas, places like Andaman & Nicobar Islands, Meghalaya, and Tamil Nadu have the lowest rate. Here’s the full list of state-wise VAT/sales tax on petrol.
|State||Sales tax/VAT on petrol|
|Andaman & Nicobar Islands||6%|
|Andhra Pradesh||31% VAT + Rs 4/litre VAT+Rs 1/litre Road Development Cess and Vat thereon|
|Assam||32.66% or Rs 22.63/litre, whichever is higher|
|Bihar||26% or Rs 16.65/litre whichever is higher (30% Surcharge on VAT as irrecoverable tax)|
|Chandigarh||Rs.10/KL cess + 22.45% or Rs 12.58/litre whichever is higher|
|Chhattisgarh||25% VAT + Rs 2/litre VAT|
|Dadra and Nagar Haveli and Daman and Diu||20% VAT|
|Goa||27% VAT + 0.5% Green cess|
|Gujarat||20.1% VAT+ 4% Cess on Town Rate & VAT|
|Haryana||25% or Rs 15.62/litre whichever is higher as VAT+5% additional tax on VAT|
|Himachal Pradesh||25% or Rs 15.50/litre- whichever is higher|
|Jammu & Kashmir||24% MST+ Rs 5/litre employment cess, Reduction of Rs 0.50/litre|
|Jharkhand||22% on the sale price or Rs 17 per litre, whichever is higher + Cess of Rs 1.00 per Litre|
|Karnataka||35% sales tax|
|Kerala||30.08% sales tax+ Rs 1/litre additional sales tax + 1% cess|
|Ladakh||24% MST+ Rs 5/litre employment cess, Reduction of Rs 2.5/litre|
|Madhya Pradesh||33 % VAT + Rs 4.5/litre VAT+1%Cess|
|Maharashtra – Mumbai, Thane & Navi Mumbai||26% VAT+ Rs 10.12/litre additional tax|
|Maharashtra (Rest of State)||25% VAT+ Rs 10.12/litre additional tax|
|Meghalaya||20% or Rs 15.00/litre- whichever is higher (Rs 0.10/litre pollution surcharge)|
|Nagaland||25% VAT or Rs.16.04/litre whichever is higher +5% surcharge + Rs 2.00/litre as road maintenance cess|
|Punjab||Rs 2,050/KL (cess)+ Rs 0.10 per litre (Urban Transport Fund) + Rs .25 per litre (Special Infrastructure Development Fee)+24.79% VAT+10% additional tax on VAT|
|Rajasthan||36% VAT+Rs 1,500/KL road development cess|
|Sikkim||25.25% VAT+ Rs 3,000/KL cess|
|Tamil Nadu||15% + Rs 13.02 per litre|
|Tripura||25% VAT+ 3% Tripura Road Development Cess|
|Uttar Pradesh||26.80% or Rs 18.74/litre whichever is higher|
|Uttarakhand||25% or Rs 19/litre whichever is greater|
|West Bengal||25% or Rs 13.12/litre whichever is higher as sales tax+ Rs 1,000/KL cess- Rs 17/KL exemption – Rs 1,000/KL sales tax rebate (20% Additional tax on VAT as irrecoverable tax)|
(As per details provided by OMCs)