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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 Patna
08 April 2020
₹ 74.23 /L
Patna is the capital city of Bihar, it is the 2ndlargest city
in the eastern part of India. Patna has been growing fast, it has been
ranked second only to Delhi by World Bank in terms of growth over the past
3 years. The growth has been so fast paced, that despite undertaking
transport and infrastructure developments, there has been a shortfall to
match the fast pace of overall development and achievement of the city. The
increase in demand is only partially met by public transport system, there
is tremendous scope for improvement in the public transportation system.
This has led to individuals opting for personalized transportation services
– owning two-wheelers and motor vehicles.
The number of two wheelers on the roads of Patna have increased by 280% in
the past 3 years. The ‘tongas’ which once used to adorn the city’s streets
have been thrown out of business. Cabs and autos have replaced them. Also,
the non-mechanized modes of travel such as cycle – rickshaws have gone down
significantly. Patna also has the reputation of having highest number of
slow-moving vehicles, however, in recent times, there are more number of
special utility vehicles and high-end cars which are fighting for road
space in the city. The increase in vehicles has translated to higher demand
for fuel (petrol and diesel), with the production cuts and rupee
depreciation – the petrol prices have been on an unprecedented run up over
the past 10 months.
Like the rest of India, Patna too adopted the dynamic fuel pricing
mechanism as of June 2017. Prior to this method, the petrol and diesel
prices were revised twice a month. The Government intervened frequently to
pass on subsidy to the Oil Marketing Companies (OMCs) to ensure that they
did not suffer huge losses due to their inability to pass on the cost
pressures to the end user on a regular basis. The dynamic fuel pricing
enables the OMCs to revise the petrol and diesel prices on a daily basis to
track the costs incurred. This method is followed by all developed nations,
it is a preamble to a more mature economy which offers free trade
mechanism. The Government intervention in dynamic fuel pricing mechanism is
minimal. The accountability and transparency are greater in this type of
The petrol price of Patna as of 22 October 2018 is Rs. 85.1 per liter, it
has moderated by Rs. 1 over the past 10 trading sessions. However, the
relief may be temporary, especially due to the fact that the downward
revision is primarily due to the brief intervention of the Government to
provide relief to the end user. The petrol prices peaked across the country
in September 2018, they have tapered off from the peak only in the last
couple of sessions. However, with continued strike in OPEC nations on
production cuts and rupee depreciation clubbed with increasing current
account deficit is likely to thrust the petrol prices higher for the rest
There are various items which impact the petrol pricing in Patna, some of
them are international factors which remain out of control for OMCs, there
are some local factors which can be tweaked or controlled to some extent.
However, given the fact that the international factors have significant
influence on petrol prices as compared to the local factors, the pricing is
largely dependent on the international factors.
Tracking fuel prices is quite a simple task with the advent of internet and
smart phones. There are 4 popular ways in which one can track fuel prices
in Patna –
Petrol pumps– The petrol prices and diesel prices are put up on digital display in
every petrol pump in Patna. The price per litre is updated every day after
6 A.M when the OMCs revise the petrol prices to sync up with the changing
demand supply dynamics, cost of manufacturing etc.,
Website – The oil marketing companies put up the petrol prices State-wise and
city-wise on their website, the individual can choose Patna and track
latest prices. The historical prices are also available which will help one
understand the trend in the price movement. There are other aggregators who
pool together information across all OMCs and offer a consolidated display.
It needs to be noted here that there will be no significant difference in
the prices across OMCs, any marginal difference may be attributed to
operational or transportation costs.
SMS– Any individual willing to ascertain the petrol or diesel price can send
an SMS to the concerned OMC, in response the individual will get the last
traded price of petrol and diesel. All the OMCs that are operational in
Patna offer this service.
Mobile application– OMCs have developed mobile application which provide information on the
type of products available with them. The price of petrol, diesel and other
products (oils, lubricants) available with them. The latest prices and
historical prices can be seen through the mobile application. The
individual has to download the mobile application and install it on the
GST and petrol prices in Patna
Goods and services tax was introduced as a new tax regime by India in July,
2017. The new tax system brings into its ambit a variety of goods and
services, however, some products including fuel (petrol and diesel) do not
fall within the realm of GST. GST does not have any direct impact on petrol
prices in Patna and in any other part of the Country. However, many of the
ancillary services that are associated with Oil distribution and marketing
are affected by the new tax regime and they have a subtle and indirect
impact on the petrol prices in Patna.
The raw material for both petrol and diesel is Crude oil, both undergo
different refinement process. The process of refining for petrol is complex
as compared to that of diesel, the machinery and the skillsets used for the
petrol refinement process is different. This has a telling effect on the
pricing of both the fuels.
The price of petrol in Patna as of 22 October 2018 is Rs. 85.1 per litre as
compared to diesel which is Rs. 78 per litre as of the same date. Diesel is
mostly used in high utility vehicles, transportation vehicles and
commercial vehicles. Petrol is known to maintain efficiency of the engine
or vehicle while diesel is known to provide more mileage.
The price escalation in petrol and diesel is stretching the household
budgets significantly. To overcome the challenge posed by escalating petrol
prices, many individuals are looking for options which will enable them to
save on petrol costs. Some such methods are listed below –
Alternate fuel cars– Electric cars are quite rampant in cities, they operate with replaceable
and chargeable batteries. These cars have not gained popularity due to the
lower number of charging points and their inability to adapt to severely
congested traffic in cities. The maintenance cost on electric cars is a
mere Rs. 1 per kilometer as compared to Rs. 4 – 5 per kilometer on diesel
or petrol vehicles. The electric cars are in nascent stages and may take a
few years before finding wide spread acceptance among Indian motor vehicle
Carpooling– This is a popular option that has caught the fancy especially among
office goers. The typical arrangement is to take turns in driving the car
to and from the work place. The arrangement could be made with a single
person or with multiple colleagues. They could be in the same work place or
same campus but different work place. Although, this seems like a
convenient option, the timings of the colleagues involved in this
arrangement has to match.
Cycling to work– Fitness is yet another aspect which has gained limelight in the wake of
increasing life style diseases among office goers. The sedentary lifestyle
followed by office goers and the stress levels encountered has increased
the chances of contracting the lifestyle diseases at a very young age. Many
companies encourage their employees to cycle to work, this helps achieve
duel objective of working towards physical fitness and reducing petrol
Cab service sharing– A similar arrangement as in the case of carpooling, only difference being
you engage a third-party cab service and you will be riding with people who
are not necessarily colleagues or friends or acquaintances. Sensing the
importance of ride sharing, popular cab services such as Ola, Uber have
started the ride sharing initiative. This is easy on the pocket and
eliminates the time constraint that exists in carpooling. The individual
can hire a shared car service as per requirement to transit between home
and required destination.
Most of the options discussed above will not only help save on the petrol
costs incurred and ease the household budget, they are also environmentally
friendly options. The carbon footprint left behind by consumers of fuel is
alarming. By using the above options, there is significant reduction in the
fuel spend by individuals.
1. What is the price parity between petrol and diesel prices
The price of petrol in Patna as of 22 October 2018 is Rs. 85.1 per litre as
compared to diesel which is Rs. 78 per litre as of the same date. The price
difference is close to Rs. 7 per litre.
2. Which are some of the major oil marketing companies in
Some of major oil marketing companies that dominate the landscape of Patna
are – Bharat Petroleum, Hindustan Petroleum, Indian Oil
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