Today Petrol Price in Odisha

In terms of population, Odisha, one of India's northeastern states, is ranked eleventh overall. In terms of tribal population, it is the third most populated state. Orissa was the old name for the current state of Odisha. Odisha's growth rate is significantly higher than the national average. The state has been the most popular location for industrial setups and bids for foreign investment because of the availability of a variety of resources.

Fuel is crucial to the growth of industries and the transportation industry, and as a result, the number of goods carrier vehicles registered in the state of Odisha increased to 4,29,749 in 2016 alone. Here is everything you need to know about the petrol price in the state of Odisha today. We decipher the price trend over time and understand the different factors that influence the petrol cost in Odisha.

The global cost of crude oil, which is purchased from the international markets in US dollars, is one of the most important factors while determining the price of petrol in Odisha. The USD/INR exchange rate is vital when the initial purchase is made by oil marketing companies, who then add a charge while refining the product and passing it on to dealers.

The petrol prices in Odisha also hinge on the demand and supply of the product. Due to the increase in the number of people using vehicles, the cost of petrol has also risen. Furthermore, the state government adds the value-added tax (VAT), while the central government imposes excise duty as part of the petrol tax in Odisha.

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!

The table below shows the city-wise petrol price in Odisha:

In Odisha, the petrol rate is revised daily as per the June 2017 policy of dynamic fuel pricing. Fuel outlets across the state reset the price of petrol at 06 AM every day. The daily revision improves competitiveness and ensures transparent fuel pricing. 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 Odisha on the websites and apps of oil companies.

There are usually three ways to keep up with the most recent petrol prices. Every oil marketing firm provides SMS services. You can download their original mobile applications from their website to keep track of the most recent prices. "My HPCL" is the name of the application created by Hindustan Petroleum. "fuel@OIC" is the name of the application developed by Indian Oil. 'SmartDrive' is the name of the application created by Bharat Petroleum. These services are available to customers.

The VAT and excise duty are the applicable taxes on petrol in Odisha as petroleum products are out of the purview of the Goods and Services Tax (GST). Thus, there is no impact of GST on petrol rates in Odisha. The state VAT imposed on petrol in Odisha was 26%, per statistics released by the Petrol Planning and Analysis Cell. If GST is applied to petrol, the price will roughly decrease to ₹45.00/litre at a 28% discount. The central government has the last say on whether or not to subject petrol to the GST system. The price of petrol in Odisha will decrease with the implementation of the GST at the present rate. The majority of the government's revenue source could eventually be lost.