Petrol Price in Patna

The table below highlights the historical monthly petrol prices for Patna. Reviewing this data can help you understand past trends and potential future adjustments.

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

Generally, petrol is priced higher than diesel in Patna. A comparison of these two fuels can be found in the table below.

• Dealer Commissions: Petrol pump dealers receive commissions on sales, which are incorporated into the final price that consumers pay at the pump.Global Crude Oil Prices: Given India's substantial reliance on imported crude oil, fluctuations in international crude oil prices directly influence domestic petrol rates.
• Value Added Tax (VAT) or Sales Tax: The VAT or sales tax established by state governments significantly affects the final cost of petrol and varies across different locations.
• Oil Marketing Company (OMC) Processing Costs: Expenses related to the refining, transport, and distribution of crude oil by OMCs play a role in determining the final retail price consumers pay for petrol.
• Excise Duty and Road Cess: Taxes imposed by the central government, such as excise duty and road cess, considerably increase the consumer costs associated with petrol.
• Inflation Buffer: Oil marketing companies generally include a buffer in petrol prices to safeguard against potential future price increases and inflationary pressures.

Here is the latest petrol price in Patna: