Today Petrol & Diesel Price in Gujarat City Wise

Today Petrol Price in Gujarat is INR 94.96 per liter & Diesel Price in Gujarat is INR 90.67.

Gujarat offers the cheapest petrol after Assam in India. It's among the few states in India having onshore petroleum reserves, making petrol price in Gujarat cheaper than the rest. Besides, Gujarat comprises some of the busiest ports (Kandla, Mundra), where imported petroleum gets received.

Cheaper gasoline rates in Gujarat drive extensive industrial growth, making Ahmedabad the sixth-largest city in terms of registered cars driving on the road. Check out this blog for more information on fuel prices in Gujarat and what factors influence its fluctuation.

Petrol Prices in Gujarat

Today's Petrol price in Gujarat is INR 94.96 per liter. Petrol prices in Gujarat are among the lowest in the country, ranging from INR to INR 96.08 across 33 districts. The prices are dynamic and undergo daily revision every day

Petrol rates in Gujarat fluctuate based on domestic consumer demands, crude oil rates, and excise duty charges.

Sufficient onshore drilling and lower VAT rates on motor spirit sustain cheap petrol rates in Gujarat. Here's more about how Gujarat offers petrol rates lower than the national gasoline price average:

• The state government charges excise duty amounting to 13.70% on per litre petrol

• Central excise duty worth (INR 19.90/l)

• Retail dealer commission

Diesel Prices in Gujarat

Diesel Price in Gujarat today is INR 90.67 per liter.

Diesel is preferable to car owners over petrol in Gujarat. Besides offering extended mileage, diesel prices in Gujarat are among the cheapest across India. It ranges from INR 94.05 to INR 96.08 across 33 districts, and the price undergoes daily revision at 0600 hours.

Diesel rates in Gujarat are below the national average surcharge as the state owns onshore rigs, which mine sufficient crude oil to compensate for the gross consumer index. Here's more about the underlying factors affecting diesel rates:

• State government excise duty worth 14.90% per litre of diesel

• Central government excise duty (INR 15.80/l of diesel)

• 4% tax on turnover of diesel

• Dealer's commission

How do Fuel Prices Get Measured in Gujarat?

The fuel prices you pay at the oil pump are the retail cost that comprises additional excise duty on the original price of petrol and diesel brought by local pump dealers. Check out more about the tax levied on petrol prices in Gujarat:

• The percentage charged to fuel pump dealers (60% of the retail price)

• Central government excise duty (20% of the retail price)

• State government excise duty (13.70% of the retail price)

• Dealer commission (6.30% of the retail price)

What Triggers Petrol Prices in Gujarat?

India witnessed unprecedented inflation in Q1 of 2022 in fuel prices, and petrol prices in Gujarat were no exception. India imports nearly 85% of its crude oil, making domestic consumers vulnerable to fluctuating fuel prices. Learn more about the potential factors that can make you pay extra next time you visit the fuel pump station:

Crude Oil Availability

Fuel prices depend on the supply of crude oil in the international market. Prices can soar when OPEC+ nations set a cap on production rate to control the sliding of oil prices.

Forex Rates

India buys crude oil using USD, making it dependent on the currency trade. Currently, $ rates are going expensive, nearing 83 INR. It means you have to pay extra since purchasing costs have gone up.

Excise Duty Rates

Both petrol and diesel are yet to come under GST. While the proposed rate is 18%, state and central governments presently charge excise duty of over 32% on the dealer's rate. It means you are nearly paying double the original dealer's price per litre at your nearest fuel pump station.

What are the Side Effects of Inflation on Petrol Prices?

We depend on diesel as the primary fuel preferred by most car drivers across India. A sudden increase in petrol prices in Gujarat means the logistics and daily lifestyle expenses rise proportionally and can lead to the following side effects:

• Inflation in consumer goods

• Decrease in bank interests

• Decrease in consumer spending

• Decrease in fuel consumption

Conclusion

Petrol prices in Gujarat widely influence your decision whether to travel by public transport or drive out in a personal car. Are you a new driver who prefers state-of-the-art car support when sitting behind the wheel? Try Park+, the next-generation app that helps you find the nearest parking lots, FASTag payments, and many more!