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Petrol price in India is revised every day after adapting to dynamic pricing mechanism. Get today’s latest updated petrol price in Petrol Price In Jammu
04 April 2020
₹ 70.02 /L
₹ 70.17 /L
₹ 70.29 /L
₹ 70.42 /L
₹ 70.55 /L
₹ 70.99 /L
Jammu is a popular hill station in the North of India and the winter
capital of the state in J&K. Situated on the banks of the river Tawi,
the city is governed by the local Municipal Corporation. A popular tourist
spot, people from all over the country as well as the globe flock here to
escape the heat, hit the popular tourist stops such as the museum and fort,
and shop for local handicraft. It is also a pit stop for pilgrims visiting
the famous Vaishno Devi Temple.
The Jammu Tawi (JAT) airport is connected with all major Indian cities. The
railway which was resumed in 1971 after it broke down during the partition
of India in 1947, connects the city to Mumbai, Katra, and other cities of
India. The NH1A passes through the city of Jammu as does the NH1B. These
two highways connect Jammu to Kashmir, Poonch, Katra, and other
neighbouring cities. The JKSRTC (Jammu Kashmir State Road Transport
Corporation) runs busses for local transport within the city as well as to
neighbouring cities. The mini busses used on the hilly roads are called
Matadors. Auto rickshaws also ply the roads as do taxis.
Jammu has a flourishing tourist industry. Tourists and pilgrims visiting
Vaishno Devi, Kashmir, Shimla, and other hill stations of the north use
Jammu as a pit stop to rest and refresh. They also shop for local craft
within the city. The city itself has a number of tourist attractions such
as the Amar Mahal Palace, the Raghunath Temple, the Dogra Art Museum, and
the Mubarak Mandi Palace. Also the cool climate of the city due to its high
elevation of more than 1000 feet as well as its scenic beauty bring
tourists from the world over to spend a few stress free days here.
As more and more tourists visit each year, the demand for transport – and
therefore fuel –grows incrementally. This rising demand coupled with the
highly volatile price of crude oil and currency exchange rate make petrol
in Jammu a very necessary but expensive commodity.
Prior to decontrol, the Government of India computed petrol prices by the
trade parity method. This method computes petrol price as a percentage of
export and import parity. This method was continued even after decontrol.
Currently the ratio of import parity to export parity stands at 80:20. This
means that the petrol price comprises 80% import cost and 20% export
Import parity is the cost of importing crude oil. It includes ocean
freight, ocean losses, custom duty, and dock charges. 80% of this cost is
added to the price of petrol to compute the retail sales price (RSP) of
Export parity is the amount received by the exporters for exporting fuel
and other petroleum products. This includes the cost of manufacture as well
as the cost of transporting it to the dock and loading it on to the ship.
20% of this cost is included in the price of petrol.
Experts opine that petrol prices after decontrol should be based on cost +
profit rather than the trade parity. The reason they give for this is that
there are several other forces that drive petrol prices in a capitalist
Petrol prices are based on trade parity. The various individual components
that make up the import and export parity are as under:
Free on-Board Price (FOB): This is the price of loading the product onto the ship. It includes cost of
product plus transportation to dock.
Customs Duty:This is levied by the central government on all imports.
Port Charges: A fee charged by the port authorities for using their services.
Import Parity Price (IPP):It is the charge paid by the importers to receive the crude oil at the
docks. It includes custom duty and port charges.
Refinery Transfer Price:This is made up of IPP + cost of transporting oil to refineries.
Inland Freight:Inland freight is the transport cost for transferring petrol from
refineries to retail outlets.Depot Price:Depots are the store of petrol at the retail outlets. The price that these
outlets pay for purchasing petrol is called the depot price.
Freight:The price paid to the shipping company for transporting oil from foreign
port to Indian port is called freight.
Import Charges:Import charges comprise of freight, insurance, and ocean losses.
Excise Duty:This is a duty imposed by the Central Government on imports. Currently the
Excise charged is Rs. 19.48/Lt.VAT:Value-added tax (VAT) is the tax levied by the state Government on petrol.
VAT differs across states.
The price of petrol and fuel is the total of the above costs. About 45% of
the total petrol price is made up of taxes. Statistics show that taxes –
both excise duty and VAT – from petroleum products alone have doubled
during the last 4 years.
Petrol prices in Jammu – as in the rest of the country – are high. The
price as on 22nd October 2018 in Jammu and adjoining Srinagar
are Rs. 80. 62 and Rs. 83. 42 respectively.
The table below shows the petrol prices of petrol in Jammu for the month of
This shows that there is an overall increase in the price of petrol in
Jammu though it competes favourably with other cities.
OMCs all over the country compute the price of petrol on a daily basis.
This method of pricing was recently adopted by the government of India over
the fortnightly model. There were several reasons behind the shift –
The price of crude oil fluctuates daily. This is not reflected in
the fortnightly model.
Currency rates too fluctuate frequently which are not reflected in
the fortnightly petrol pricing model.
Speculation, anticipatory hoarding, and other malpractices were
rampant under the earlier pricing model.
The new model has put a stop to speculation by bring complete
transparency into petrol prices.
The new model also transmits the effect of change in price of crude
oil and currency immediately to the end user.
The new dynamic pricing model has been well received. Experts believe that
it passes on the impact of fluctuation in the international price of crude
oil to the customer or end user without delay. It also curbs speculation –
which was rife under the fortnightly model – and other malpractices. The
new model has placed India on the globe at par with other advanced
countries that have already adopted this model.
GST and petrol prices in Jammu
Petrol and petroleum products have yet to be impacted by GST. Currently
excise duty and VAT are applied to the retail price of petrol. However,
experts opine that bringing petrol under the ambit of GST will level out
the price of the fuel across the country. Even if GST is applied at the
highest slab of 28% it will still be lower than the current 40+% component
of petrol price.
Diesel prices in Jammu
Diesel prices fluctuate daily similar to those of petrol. This is because
the raw material – crude oil – used is the same. Since the price of crude
oil is volatile, so are the prices of petrol and diesel. However diesel
gets a better government subsidy as compared to petrol. For this reason,
the price of diesel remains lower than that of petrol.
Cash backs on fuel cards
Private vehicle owners can get some relief on petrol prices by using fuel
cards. These are specialized debit or credit cards that offer either a
percentage of the petrol price as cash back or some reward points. Reward
points can be redeemed in exchange for gifts or gift vouchers. This is one
way to save up on the cost of fuel.
Other ways to save petrol cost
Here are some other ways in which you can save on fuel costs -
Electric cars:Electric cars are an upcoming technology which is potentially seen as a
fuel saver. Predictions claim that more than 10000 electric cars will be
plying Indian roads by 2025.
Car Pooling: By no means a new concept, car-pooling means sharing your car with
neighbours travelling to the same general location as you. If you volunteer
to drive on day 1, you can request your passengers to drive on days 2, 3,
and 4 by turns thereby distributing the cost of travel among 4 persons.
This is not only economical but satisfying too. It is up to the government
to encourage such efforts by offering subsidy or incentive for such
Cycle to work:Cycling to and from work every day is equivalent to a couple of hours’
workout at the gym. You can also save a pretty penny on fuel cost while you
Ridesharing:App based cars are becoming increasingly popular. Many of these cars offer
shared rides from one point to another within the city. Using these rides
saves fuel costs and also saves you the energy required for driving your
(1) What is the Dynamic Pricing Model?
The dynamic pricing model for petrol pricing is a new model adopted by the
government of India shunning the older fortnightly model. While the
computation mechanism remains largely the same barring some changes, prices
are computed daily instead of every 2 weeks.
(2) Where can I check the daily rates of petrol in Jammu?
The daily rate of petrol can be accessed through App, SMS service or on the
website of oil companies like Indian Oil. Send RSP followed by dealer code
to the appropriate number of the respective OMC to get the current petrol
price as a response. Websites and apps provide much more information.
(3) Why are petrol prices in Jammu higher as compared to other cities?
Petrol prices are primarily dependent on the price of crude oil. Since
crude oil is an internationally traded commodity, its price is highly
volatile. These frequent fluctuations cause the price of petrol to
fluctuate as well. Besides, local demand and supply also impact the price
(4) What will be the impact of GST on petrol prices?
Petrol prices are as yet unaffected by GST. However it is possible that the
situation may change in the near future.
(5) How can I save money on petrol?
There are many ways to save on petrol. You can use your fuel card, use
shared rides offered by app based cars, or opt for other alternative travel
options such as car-pooling. If you live close to your place of work, you
can walk or cycle to work.
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