Petrol Price in Hyderabad Today

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

In Hyderabad, the petrol price on a given day is decided based on multiple factors. These include the global price of crude oil, the current Indian Rupee (INR) to US Dollar (USD) exchange rate, the demand and supply of petroleum products, charges levied by the oil marketing companies (OMCs), dealer commission, and the applicable taxes. The applicable taxes are of two types: one is the excise duty charged by the Centre, while the other is the value-added tax (VAT) charged by the Telangana state government.

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!

Petrol prices in Hyderabad are determined by the Dynamic Fuel Pricing policy. As per the policy, the petrol prices need to be revised daily. This is because a number of variable factors are considered to compute the petrol prices in the country. The primary variables are the global crude oil prices and the currency exchange rate between USD-INR. After the crude oil is imported, a central excise duty is levied on it. Apart from that, the processing and refining cost incurred by OMCs to convert crude oil into petroleum along with the dealer margins are also considered to compute petrol prices. Lastly, every State in India levies a separate VAT on petrol prices. Thus, the final petrol price in Hyderabad can be computed by adding all these variables and the State levied tax.

According to the Dynamic Fuel Pricing policy, the petrol rate needs to be revised daily depending on a number of variable factors like crude oil prices in the global market, USD-INR currency exchange rate, costs incurred by the OMCs, dealer commission, and various applicable taxes. Thus, adherence to the Dynamic fuel pricing policy helps the end-users to manage their resources as well as the OMCs and dealers to manage their commissions and profits while taking into consideration any fluctuations in the crude oil prices or currency rates. The daily revision of petrol rates in accordance with the Dynamic fuel pricing policy also helps the dealers and OMCs to better manage their logistics as opposed to the earlier practice of revising petrol prices every fortnight. The policy thus levies an effective regulation on petrol prices in Hyderabad. 

In accordance with the policy of dynamic fuel pricing, which was introduced in 2017, petrol rates in Hyd (Hyderabad) are revised every day. As a result, the petrol cost in Hyderabad today can be different from that of yesterday. Petrol dealers update the live petrol price in Hyderabad at 06 AM daily as per the price set by the OMCs for the given day. The same is displayed at every fuel station 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 petrol prices in Hyderabad.