Petrol Price in Bihar

Examine past monthly trends to gain a better understanding of Bihar's petrol prices and how they have evolved over time.

• Dealer commissionsGeopolitical events
• Natural disasters
• Government subsidies
• Supply and demand
• Currency exchange rate
• Global crude oil prices
• Taxes (VAT, Excise Duty, etc.)

Generally, diesel prices are lower than petrol prices in Bihar. Take a look at the table below to see a comparison between petrol and diesel prices in the state:

• OMC (Oil Marketing Company) Processing Cost: The expense carried by oil marketing corporations while refining crude oil into fuel and other goods.International Crude Oil Prices: The price of crude oil in the global market plays a vital role in determining petrol prices.
• Excise Duty + Road Cess: The Indian government imposes excise duty and road cess on petrol, which adds to the overall retail price.
• Commission to Petrol Pump Dealers: The price of petrol also reflects the commission that dealers earn from selling it.
• VAT (Value Added Tax) or Sales Tax: State governments impose sales tax or VAT, which might impact the price of petrol.
• Buffer for Future Inflationary Aspects: A buffer is added to account for potential future increases in costs, such as those arising from crude oil prices or refining processes.

Here is the latest petrol price in Bihar: