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Todays Petrol Price

26 September 2020

₹ 83.77

Current Petrol Per Liter

Petrol Prices in Metro Cities

Petrol Price In Patna

26 September 2020

Date

Petrol Prices

Change

  • 2020-09-27

    ₹ 83.77 /L

    ₹ 0.00 /L

  • 2020-09-26

    ₹ 83.77 /L

    ₹ 0.00 /L

  • 2020-09-25

    ₹ 83.77 /L

    ₹ 0.00 /L

  • 2020-09-24

    ₹ 83.77 /L

    ₹ 0.00 /L

  • 2020-09-23

    ₹ 83.77 /L

    ₹ 0.00 /L

  • 2020-09-22

    ₹ 83.77 /L

    ₹ -0.07 /L

  • 2020-09-21

    ₹ 83.84 /L

    ₹ 0.00 /L

  • 2020-09-20

    ₹ 83.84 /L

    ₹ 0.00 /L

  • 2020-09-19

    ₹ 83.84 /L

    ₹ 0.00 /L

  • 2020-09-18

    ₹ 83.84 /L

    ₹ -0.20 /L

  • 2020-09-17

    ₹ 84.04 /L

    ₹ -0.14 /L

  • 2020-09-16

    ₹ 84.18 /L

    ₹ 0.00 /L

  • 2020-09-15

    ₹ 84.18 /L

    ₹ -0.17 /L

  • 2020-09-14

    ₹ 84.35 /L

    ₹ -0.13 /L

  • 2020-09-13

    ₹ 84.48 /L

    ₹ 0.00 /L

  • 2020-09-12

    ₹ 84.48 /L

    ₹ -0.13 /L

  • 2020-09-11

    ₹ 84.61 /L

    ₹ 0.00 /L

  • 2020-09-10

    ₹ 84.61 /L

    ₹ -0.09 /L

  • 2020-09-09

    ₹ 84.70 /L

    ₹ 0.00 /L

  • 2020-09-08

    ₹ 84.70 /L

    ₹ 0.00 /L

  • 2020-09-07

    ₹ 84.70 /L

    ₹ 0.00 /L

  • 2020-09-06

    ₹ 84.70 /L

    ₹ 0.00 /L

  • 2020-09-05

    ₹ 84.70 /L

    ₹ 0.00 /L

  • 2020-09-04

    ₹ 84.70 /L

    ₹ 0.00 /L

  • 2020-09-03

    ₹ 84.70 /L

    ₹ 0.93 /L

Petrol Price in Patna

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.

Pricing mechanism of petrol in Patna

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 pricing.

Petrol prices in Patna

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 of 2018.

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 in Patna

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 smart phone.

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.

Why are petrol prices and diesel prices different?

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.

Methods to save on petrol prices

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 users.

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 costs.

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.

Frequently asked questions about petrol prices in Patna

1. What is the price parity between petrol and diesel prices in Patna?

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 Patna?

Some of major oil marketing companies that dominate the landscape of Patna are – Bharat Petroleum, Hindustan Petroleum, Indian Oil

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