Petrol and Diesel Price in Cooch Bihar

Koch Bihar or Cooch Bihar is an Indian city which is in West Bengal state. Cooch Bihar fuel pricing follows the dynamic pricing method that India has adopted. Therefore the petrol price in Cooch Bihar gets revised daily, along with diesel and CNG prices. The prices may not significantly alter day to day, and there may be a difference of a few paise. However, it is important to stay updated with the latest changes in fuel prices to manage your daily expenses. If you own a vehicle in this district, you should be aware of the petrol and diesel price in Cooch Bihar.

Petrol Price in Cooch Bihar

The petrol price in Cooch Bihar today is ₹ 106.71/litre. Earlier, the petrol prices were revised twice a month. But now there is a revision of the petrol price in Cooch Bihar at 6 a.m. every day. The public-sector Oil Marketing Companies which decide the fuel prices are Indian Oil, Hindustan Petroleum, Bharat Petroleum, and a couple of others.

Diesel Price in Cooch Bihar

Currency conversion and dynamic fuel pricing help to decide the diesel price in Cooch Bihar. Today, the diesel price here is ₹93.29, an increase of 15 paise from yesterday’s price.

Every day, the updated price takes effect from six in the morning. Also, whenever the value of Indian currency declines against the U.S. currency, the diesel price is bound to rise.

What determines the fuel prices in Cooch Bihar?

When fuel prices were centralized, the petrol and diesel price changed fortnightly. But now following the dynamic method, the prices change daily. The dynamic pricing method has made the pricing of petrol much more transparent. The price is market-regulated and not controlled by any government. Therefore, the country’s or state’s political situation essentially does not affect the petrol price However, the central and state government's taxes affect the Cooch Bihar fuel prices.

Various factors influence the diesel and petrol prices in Cooch Bihar. The most prominent ones are:

• The changing price of crude oil in the international market: Global crude oil prices affect the price of diesel and petrol in Cooch Bihar the most. As the price of crude oil keeps climbing upward, fuel prices also keep increasing in other countries too.

• Excise duty charged by the Central Government: India imports a large about of crude oil from foreign nations. Thus, the central government of India also levies heavy excise duty on crude oil.

• VAT tax charged by the State Government: Another key factor that contributes to the change in the price of fuel in Jalgaon is the imposition of the VAT tax. Every state levies its own VAT tax on petrol. Some levy high VAT tax and some states levy low tax. This is why you see a change in the price of petrol in different cities of the country.

• The INR and Dollar exchange rate: The currency exchange rate also influences petrol and diesel price. When the value of the rupee slides down against the dollar, fuel prices increase. This is because the exchange rate affects the import price.

• Profits of OMCs, dealers, etc. - Profits made by Oil Marketing Companies (OMCs), dealers and petrol pump owners are another factor that increases the prices of fuel.

• Demand for a particular fuel: If the demand for a particular fuel is higher than the supply, it naturally leads to an increase in prices.

• Importing, exporting, and transportation costs of the fuel: Finally, the cost of importing, exporting, and transporting the finished petroleum products is also added to the retail price.

Conclusion

As someone who drives a vehicle, you should check the fuel price in the morning before you start driving. If your daily life includes having to refill your fuel tank properly every day, knowing the price will help you plan. You will be prepared with the amount you will need for the day’s fuel. Check petrol and diesel price in a jiffy using the Park+ app. It is a fast and trustworthy app to check fuel prices. Plus, you can check eChallan, recharge FASTag, and a lot more.