Current Petrol Price Per Litre
Petrol Price in Uttar Pradesh : 5 million metric tons of crude oil storage facility is deployed by India's government to safeguard the country's energy security. Three storage facilities are fabricated at Mangalore, Padur, and Visakhapatnam; an addition to this, regular crude oil reserve at Indian refineries acts as a buffer if oil import is hampered due to unprecedented conditions. Indian Strategic Petroleum Reserves Limited (ISPRL) oversees and manages these strategic crude storage facilities.ISPRL is a special purpose vehicle deployed by the Ministry of Petroleum and Natural Gas. These facilities are fabricated by Engineers India Limited (EIL). These facilities are constructed to ensure that Uttar Pradesh today petrol price is under the threshold.
Cost of petrol in Uttar Pradesh today is INR 81.37 per liter as of today. Uttar Pradesh is the most populous state of India, with 18 divisions and 75 districts. As of 2015, the number of registered vehicles was 21,635,531. The demand for petrol propelled cars is increasing, so is the Petrol price in Uttar Pradesh. The price of gasoline and diesel affects the common man directly and indirectly. As the price changes daily, most people are not aware of the current price, so tracking Petrol Price in Uttar Pradesh Today is crucial. The retail selling price (RSP) is calculated on international crude price, excise duty, freight, dealers' commission, and an exchange rate of dollar to rupee.
Uttar Pradesh Petrol Rate Today
There are two different taxes imposed on petrol and diesel; one is central excise duty, and the other is state VAT (Value added tax). The current excise duty on petrol is INR32.98 per liter, and that of diesel is INR 31.83 per liter. VAT varies from state to state. Petrol Price in Uttar Pradesh Today includes both these taxes.VAT on petrol in Uttar Pradesh is 26.80%, or INR16.74 per liter, whichever is higher; VAT on diesel is 17.48% or INR9.41 per liter, whichever is higher. The revenue generated from VAT and excise duty from Petrol rates in Uttar Pradesh is mainly used for infrastructure and development works.
Fuel is an essential component of any economy. An increase in Petrol aajkabhav in Uttar Pradesh usually increases other goods and services, creating more significant inflation across the country.