Petrol Price in Meghalaya

To gain insights into the variations in the petrol price in Meghalaya, review the historical trends from the past months.

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

In Meghalaya, diesel is generally less expensive than petrol. Refer to the table below for the most recent prices of both fuels.

• International Crude Oil Prices: Any change in the international crude oil rates will affect the petroleum prices in Meghalaya.
• Oil Marketing Company (OMC) Processing Cost: This represents the costs incurred by oil marketing companies in the process of transforming crude oil into petrol and other related goods.
• Excise Duty + Road Cess: Any updates in the excise duty or road cess by the government can lead to an immediate change in the retail price of petrol in Meghalaya.
• Value Added Tax (VAT) or Sales Tax: In Meghalaya, the state government imposes its own tax, VAT or sales tax on fuel. This tax directly impacts local fuel prices.
• Commission to Petrol Pump Dealers: Petrol pump dealers receive a fixed commission per litre, and it contributes to the final retail price consumers pay.
• Buffer for Future Inflation: To manage potential inflationary pressures, the government may build a buffer into the petrol pricing.

Here is the latest petrol price in Meghalaya: