Petrol Price in Goa Today

Here is everything you need to know about the petrol price in Goa today. Check the petrol price trend over time and understand the different factors that determine and impact the cost of petrol in Goa.

In Goa, multiple factors play a role in setting the petrol price on a given day. These include the cost of crude oil, the Indian Rupee to US Dollar exchange rate, demand and supply, charges levied by the Oil Marketing Companies (OMCs) that refine and transport the oil, commission charged by the dealer, and the applicable taxes. There are two types of taxes that are levied on petrol in Goa. One is the excise duty charged by the Centre while the second is the Value-Added Tax or VAT charged by the state government of Goa.

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!

In line with the Dynamic Fuel Pricing policy introduced in 2017, petrol prices in Goa are revised every day to foster transparency. Petrol dealers update the live petrol price in Goa at 06 AM daily as per the price set by the OMCs for the particular day. The same is displayed at every fuel station across the state as well as made available on the websites and apps of oil companies.

Petrol does not fall under the ambit of GST like most goods and services. As a result, the GST system does not impact the price of petrol in Goa

Petrol prices are updated daily at 06 AM IST as per the dynamic fuel pricing policy. You can check the latest petrol price in Goa on the mobile apps or websites of the oil companies. Alternatively, the updated prices will also be displayed across petrol pumps in Goa.

The price of petrol in Goa is ₹97.75 per litre, whereas the price of diesel is ₹90.29 per litre. These prices include central excise duties as well as state VAT and taxes levied by the Goa government. 

 Just like everywhere else in India, the prices of petrol and diesel are impacted by different sets of factors. The reason for the price difference is the nature of taxes charged on both commodities. The central government imposes an excise duty equally everywhere across India. The state governments, however, charge a value added tax (VAT) on fuel in each state. 

The reason why petrol is more expensive than diesel is that a higher level of tax is imposed on petrol compared to diesel which makes the end product pricier. Moreover, where diesel is largely used for industrial and agricultural purposes, petrol is considered a luxury commodity the use of which is limited, mostly, to expensive vehicles.