Petrol and Diesel Price in Kolkata

Petrol Price in Kolkata

Today's Petrol Price in Kolkata is INR 105.41 per liter. Fuel Price in Kolkata is ever-changing. Hence it is important for one to keep track of the latest Petrol Price in Kolkata. Petrol Price in Kolkata are hugely affected by factors such as international fuel prices, the tax applied on fuel, and the demand and supply of petrol.

Diesel Price in Kolkata

Today's Diesel Price in Kolkata is INR 92.02 per liter. One can chec latest Diesel Price in Kolkata with park+ app or website. Diesel Price in Kolkata fluctuate very frequently, check diesel price through park+ before you start your journey.

Fuel Price Fluctuations

If you own a vehicle in Kolkata you must be filling petrol or diesel in your tank every few days. Have you noticed that the rates keep changing daily? Do you wonder why?

Since June 2017, the government of India decided to adopt the dynamic pricing mechanism for fuel. This meant that Oil Marketing Companies (OMC) like Hindustan Petroleum, Indian Oil Corporation, and Bharat Petroleum aligned their selling price to the international crude oil prices. Daily fluctuations in the crude oil rates would reflect in changes as in petrol price today in Kolkata would not necessarily remain the same as the previous day.

Prior to 2017, the OMCs followed a system where the retail rates of petrol and diesel would be corrected every fortnight. A drawback of the old system was any major hike in international crude would hit your budget hard as the difference would be significant.

But the current system absorbed such significant shocks as there wouldn't be such a big increase in a single day. You wouldn't feel the pinch as daily rates increased or decreased by less than a rupee.

If you feel you ought to study the petrol price in Kolkata today, and compare it to yesterday's price, you can install Park+ app on your phone. If you enter the city, for instance Kolkata, you will be able to see petrol price today in Kolkata, and compare it to yesterday's price.

This information could help you plan long journeys and even let you choose when to fill up your tank for regular commutes.

Why does petrol price in Kolkata vary from yesterday's price?

International crude rates are decided by a cartel of Oil Producing and Exporting Countries (OPEC). India needs to import almost 80 percent of its energy requirements from these countries. Iraq is India's largest supplier followed by Saudi Arabia and Russia. Any turmoil in international politics, threats of war, disruptions in supply chain and such circumstances are responsible for rise in rates.

An increase in production bring rates down, and vice-versa. It is mostly at the whims and fancies of these countries that rates of crude are going up or down at any point in time.

Other important factors that determine petrol price in Kolkata today are -

• Rupee to dollar conversion - If the rupee is weak, naturally you will have to pay more as the diesel price in Kolkata will be higher.

• Taxes - The central government levies a flat excise duty on each liter of petrol and diesel. In addition to this, the state government collects Value Added Tax(VAT).

These are the main reasons for high petrol price in Kolkata today and diesel price in Kolkata.