Today Petrol Price in Bihar

Here is everything you need to know about the petrol price in Bihar today. We examine the petrol price trend over time and understand the different factors that determine and influence the petrol cost in Bihar.

On a larger scale, the final retail petrol price in Bihar is directly related to the price of crude oil on the global markets. If the cost of crude oil increases, the retail selling price of petrol also rises. As crude oil is imported and the settlement is completed in US Dollars, the USD exchange rate to the Indian Rupee (INR) also plays a big factor in determining the final petrol price in Bihar.

Furthermore, charges levied by the oil marketing companies (OMCs) for refining oil as well as the commissions for distributors also impact the petrol rate in Bihar. Moreover, the state government adds the value-added tax (VAT) while the central government imposes excise duty as part of the petrol tax in Bihar.

Luckily, you can continue to save on petroleum purchases irrespective of the fluctuations in global fuel prices. All you need is a credit card! Yes. It is true! With the right credit card, you can enjoy a fuel surcharge waiver every time you buy petrol at partner fuel stations in the country. So, go ahead and browse the best card options on Bajaj Markets and apply for a credit card, today!

Since June 2017, petrol prices in Bihar have been revised daily based on the dynamic fuel pricing mechanism. The price of petrol across stations in Bihar is reset every day at 06 AM. This process ensures transparent fuel pricing and increased competitiveness.

The petrol prices for any given day are displayed on the retail outlets across the state. Consumers can also check the petrol price rate in Bihar on the website and apps of oil companies.

Petrol attracts value-added tax (VAT) and excise duty. However, petroleum products do not fall under the ambit of the Goods and Services Tax (GST); hence, there is no impact of GST on petrol rates in Bihar.