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Todays Petrol Price

05 July 2020

₹ 81.59

Current Petrol Per Liter

Petrol Prices in Metro Cities

Petrol Price In Dehradun

05 July 2020

Date

Petrol Prices

Change

  • 2020-07-05

    ₹ 81.59 /L

    ₹ 0.00 /L

  • 2020-07-03

    ₹ 81.59 /L

    ₹ 0.00 /L

  • 2020-07-02

    ₹ 81.59 /L

    ₹ 0.00 /L

  • 2020-07-01

    ₹ 81.59 /L

    ₹ 0.00 /L

  • 2020-06-30

    ₹ 81.59 /L

    ₹ 0.00 /L

  • 2020-06-29

    ₹ 81.59 /L

    ₹ 0.04 /L

  • 2020-06-28

    ₹ 81.55 /L

    ₹ 0.19 /L

  • 2020-06-27

    ₹ 81.36 /L

    ₹ 0.16 /L

  • 2020-06-26

    ₹ 81.20 /L

    ₹ 8.66 /L

  • 2020-06-25

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-24

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-23

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-22

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-21

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-20

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-19

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-18

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-17

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-16

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-15

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-14

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-13

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-12

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-11

    ₹ 72.54 /L

    ₹ 0.00 /L

  • 2020-06-10

    ₹ 72.54 /L

    ₹ -9.05 /L

Petrol Prices in Dehradun

Dehradun is situated in the state of Uttarakhand in India. It is located in North India and spans an area of over 300 square kilometres. This city is one of the “counter magnets” of the National Capital Region. Dehradun is in the Doon Valley at the foothills of the Himalayas located between the river Ganges on the East and the river Yamuna on the West.

As of 2011, there were said to be 578,420 people residing in the city of Dehradun. It is a very scenic land with a mild climate. It is being developed as an alternative centre of growth and as a smart city to reduce the migration and the sudden increase in population in Delhi.

Transport in Dehradun

The city of Dehradun has many private buses, auto rickshaws, tempos, tongas and taxis. Local transport is abundant to help the local citizens travel around the city. The bus service is the primary mode of transport within the city. The main city bus stand is located close to the Railway station. Almost all the areas in the city are covered by the bus service. The buses are operated by the Uttarakhand Roadways. There are many private buses that one can book seats for if there are large groups of people looking to hire it. Followed by the bus transportation which is mostly used are the taxis and the autorickshaws.

The cost of fuel in Dehradun has increased drastically. The price of petrol is now around Rs.75.30 per litre which is lesser than its record high of Rs.83.79 on the 1st of October 2018.

Why are petrol rates so high in Dehradun?

There are a few reasons behind the rise of fuel prices in Dehradun. They are:

  • As fuel is a non-renewable resource , this valuable resource is gradually depleting with the massive consumption of the same due to the rise in population and excessive use of transportation.

  • The prices of crude oil have increased.

  • High excise duty has been charged on transportation of fuel in the country.

  • The value of the Indian rupee has fallen against the dollar drastically.

Pricing mechanism of petrol in India

Pricing for any product is determined by two factors, which are, demand and supply. However, these are not the only two factors that impact the price of petrol. Here are the other factors that impact the price of petrol in India.

  1. The retail selling price (RSP) – The RSP of petrol is calculated based on the import parity and the export parity. In simple terms, this means that the retail price, the price per litre you pay to purchase petrol is estimated by the ratio of crude oil imported to that of crude oil exported. Currently the ratio stands at 80:20 this means that 80% is import parity and 20% is export parity.

  2. Import Parity Price (IPP) – The IPP is the price that the importers of crude oil have to pay for containing crude oil in their depots. It consists of the price of crude oil, the ocean freight, shipping insurance, custom duties, and dock charges. It is also inclusive of transportation from the dock to the depot.

  3. Export Parity Price (EPP) – The EPP is the price that oil companies get for petroleum products. It includes the free on boarding price which consists of ocean freight, freight insurance, custom duties, and dock charges and also the advance license benefit for duty free import of crude oil.

Critics argue against this method stating that since the de-control of petrol price in 2010, the prices should be based on market forces of demand and supply as well as pricing structure of those involved in the manufacturing of petrol. This is inclusive of refineries, petrol retailers, logistics companies, and others. The pricing according to those against the parity system should be based on cost plus profit margin.

Components of petrol prices

There are multiple factors which affect the petrol prices in Dehradun. The key factors which play a role in the petrol pricing are:

Freight costs– The transportation costs in terms of logistics, toll, labour cost for transportation of raw materials from overseas dealers to refineries and from refineries to petrol pumps have an impact on the pricing of the final product.

Custom duty– All commodities that are imported into India are liable to custom duty. The duty charged on crude oil is 15.5%. This charge is payable to the customs authority for importing foreign products into India.

Import charges– Import charges refers to insurance charges, port charges and ocean losses. Insurance premium paid to the insurer for risk mitigation of the consignment is called as insurance charges. Port charges are the temporary usage of dock for stocking inventory and using the transport vehicles for moving consignment. Ocean losses can be caused by spillage or pilferage of barrels as they are shipped across from Gulf nations. There is a reserve made to adjust such losses.

Excise duty and VAT– The Central Government excise duty is constant across all States, hence, does not have any specific impact on individual State or city. The excise duty is applied at Rs. 19.48 per litre. On diesel, it was Rs.15.33 per litre.

Dealer commission- The petrol and diesel dealers charge a commission of 7% on a litre of petrol. This is very dependent on the petrol price in the city, within the city and across OMCs the dealer commission would be similar, but there could be change across cities and States within India.

Petrol price in Dehradun as compared to other cities.

The price of petrol in Dehradun is high as compared to other major Indian cities. Mumbai has the highest per litre price of petrol, followed closely by Delhi. Chandigarh claims to have the lowest per litre price of petrol.

How frequently are Petrol Prices in Dehradun Computed?

India followed the fortnightly model of petrol price computation which is once in 14 days. The factors that make up the price of petrol were added up to arrive at the RSP. Since 2016 the fortnightly model has been abandoned in favour of the new dynamic model under which the computation is done on a daily basis. The newly computed price is posted on the website of the various OMCs every day at 6 AM.

This model has the benefit of passing on fluctuations in the price of crude oil as well as currency rates to the consumer immediately. It also brings transparency into the pricing and discourages malpractices such as speculation and hoarding. The following channels are available to learn the current day price of petrol.

1) Mobile Application

Most OMCs have their own mobile app which you can download on your Android, iOS, or Windows phone and check the price in the app.

2) SMS Services

In reply to an SMS the OMCs will send you the daily price of petrol as per their computation. Type in RSP followed by the dealer code to know the price of a specific dealer.

3) Online Portals

Every oil company displays the price of petrol on their website every day at 6 AM. Most websites also show historical rates, graphs, trends and more. Simply visit the respective website and explore to know the price of petrol and more.

Note: Petrol prices may vary slightly from company to company and dealer to dealer because of varying commissions and profit margins.

Benefits of Dynamic fuel pricing

The dynamic fuel pricing method has certain distinct advantages –

  1. The model passes on any advantage of reduction in the price of crude oil to the end user immediately.

  2. The model brings total transparency in the pricing of petrol and petroleum products.

  3. The model discourages illegal practices such as hoarding and hidden costing.

  4. It has curbed the speculation with respect to oil and petrol prices.

  5. The new dynamic model brings relief to the oil companies as the burden of the boom in price of crude oil is immediately passed on to the consumer.

GST and petrol prices in Dehradun

As of today, fuel and fuel-based products are not taxed as per GST rates. Experts state that existing taxes one of the main reasons why petrol prices are so high in Dehradun. Even though the Government has slashed the excise duty on petrol according to the Budget 2018, there has been no reduction in the petrol prices. This is also attributable to the introduction of Rs. 8 per litre as Road Cess.

Therefore, there is increased clamour for inclusion of fuel prices under the GST. However, according to a Government source, fuel and fuel-based products may be partially included under the GST. As a result of which the highest slab of GST at 28% and state-applicable VAT, both may be levied on petrol, making it even more costly. Experts state that this is how GST is levied on petrol in other parts of the world as well. This is a political call and the Centre and State Government must unanimously decide on the best course of action. We can only anticipate reduction in petrol prices in the future.

Diesel prices in Dehradun

While the petrol prices in Dehradun stands at Rs 75.30 per litre, the diesel price in Dehradun stands at Rs. 69.83 per litre. So, both petrol and diesel prices have been moving upwards.

Cashbacks on fuel cards

Some credit cards and debit cards can help with the increase of fuel prices. They can offer cashbacks of up to 5% at leading fuel stations as well as fuel surcharge waivers. The cashbacks on credit/ debit card on fuel purchase gained popularity after the demonetization. These specialised credit cards are called fuel cards and they are aimed to help you save money every time you refill your vehicle at the fuel station.

There are many banks that offer co-branded fuel credit cards in collaboration with oil companies. The benefits that you receive on your fuel purchase can be in the form of reward points, cashbacks, discount or a combination of all three. A few examples of fuel cards in India are ICICI Bank HPCL Credit Card, BPCL SBI Credit card, Standard Chartered Super Value Titanium Credit Card and HDFC All Miles Credit Card.

Other ways to save petrol cost

There are many ways in which you can save petrol costs:

Use of Public Transport: Most Indian cities have a good public transport system. There is also a network of busses and trains that connect from one city to another and one state to another. Using these facilities is much cheaper than using your own vehicle. It is also less exhausting.

Electric Cars: Electric cars are now a reality in India. It is easy to own and with plans to build recharge stations across locations, it will be convenient to use the vehicle for long drives as well. Expert studies suggest that the maintenance cost of an electric vehicle is Re.1 per km as against Rs. 5 per km on a diesel or petrol car.

Cycle to work:Many cities have many organisations promoting the cycle to work concept. There are specialised cycles which are not only swift but very sporty as well. Cycling to work will reduce your dependence on fuel emitted cars, reduce pollution and it is also a very good way to maintain your health as well. It can keep you very fit.

Ride sharing:Most of cabs operating in India like OLA and Uber have share cab options. This is an on-demand service and can be booked in a second through iOS or Android app. This service allows commuters in same direction to share a ride. They are also cheaper when compared to normal cab rides.

Frequently asked questions

  1. Which cab services have the ride sharing options?

Most of the top cab services in the country like Uber and Ola offer ride share options to reduce your cost of travel

  1. How can I track the daily change in the petrol price?

You can track the change in the petrol price by accessing the apps managed by the OMCs or by visiting their websites and using the RO locater for prices in various cities.

  1. What will be the impact of GST on petrol prices?

Petrol prices are outside the scope of GST. However, it may be included in it in future along with the VAT.

  1. How is the petrol price computed in India?

It is computed with the help of a Dynamic Pricing Model wherein the daily international crude oil price is considered for determining the fuel price for the next day.

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