Petrol Price in UP (Uttar Pradesh)

Petrol Price in Uttar Pradesh

The current Petrol Price in UP (Uttar Pradesh) is ₹ 94.73 per litre. This price impacts daily consumers, transport efficiency and the price of goods across Uttar Pradesh. Petrol prices fluctuate based on the current level of crude oil in the world market and exchange rates between currencies. The governance of your state (Uttar Pradesh) also affects the petrol price by either taxing or not taxing the producers and sellers of petrol. The fluctuations in crude oil, fuel prices and taxes make it possible for you to determine a specific cost for all trips and how to manage your family’s budget more effectively.

Read More: Petrol Price in Mumbai

Today’s Petrol Price in Uttar Pradesh

Currently, the average price for a litre of petrol in Uttar Pradesh stands at approximately ₹ 94.73. Prices differ slightly depending on different locations such as Lucknow, Kanpur, Varanasi and Noida owing to local taxes and dealer charges. Prices can change regularly each day based on the international crude oil price per barrel and exchange rates.

Last 7 Days Petrol Price In Uttar Pradesh

Petrol Price in other cities of Uttar Pradesh

Factors Affecting Petrol Price in UP

1. Crude Oil Pricing on a Global Scale: 

The price of crude oil on a global scale will primarily dictate what the price of petrol is within this country, including U.P. A fluctuation (both up or down) in the price of Brent Crude will directly affect the price at which fuels are sold locally.

2. Currency Exchange Rate:

Fuel costs will increase if the price of oil increases because of depreciation of the rupee against the US dollar, while fuel costs will decrease when the rupee gains value against the US dollar. 

3. Central and State Taxes:

Taxing Authorities of India & Central Government impose taxes on petroleum products, thus increasing the cost of petrol sold to consumers. Central Excise Tax and State Value Added Tax (VAT) have the largest percentages of the final cost of provincially imported petroleum products sold to consumers.

4. Cost of Transporting and Storing Oil at Refineries and Pump Stations:

Transporting and storing oil is also included in the cost of petrol to consumers. The cost for this service includes shipping and storing/buffering inventory.

5. Seasonal Variation in Fuel Demand:

Certain periods of the year will often see an increase in fuel demand due to increased holiday/festival use and when people begin harvesting crops. Higher seasonal usage causes an increase in demand and, therefore, an increase in fuel prices.

6. State-Level Policies and Political Decisions Affecting Petrol Prices:

Petrol prices at the state level can be affected by state-level Government Policy/Regulations, State Subsidies, or State Government Budget Announcements.

How Petrol Prices Are Calculated in UP

1. Base Price (Refinery Price):

This is the price charged for petrol by oil refineries before tax and transportation costs are incurred.

2. Central Excise Duty:

This is a fixed amount charged by the central government on each litre of petrol.

3. State VAT (Value Added Tax):

The VAT imposed by the state of Uttar Pradesh adds additional cost to the total retail price of petrol in the state.

4. Dealer Commission:

The petrol pumps add their own commission on each sale of fuel to the total retail price of the petrol.

5. Transportation & Freight Charges:

Transport/Freight Expenses for transporting petrol from the refineries to retail distribution centres affect the retail price of petrol as well.

Impact of Petrol Price on Everyday Life in UP

1. Rising Costs Associated with Transportation

Increased petrol prices mean a larger daily burden of fuel for those who drive their own vehicles, take taxis, auto-rickshaws or public buses to work or school.

2. Rising Prices of Everyday Items

Rising transportation costs will cause the price of food (particularly grocery, vegetables and staple food prices) to rise, leading to increased rates of inflation.

3. Household Budget Pressure:

Families Are Under Increasing Pressure to Meet Their Monthly Budget Within Their Means

Families will spend more on gasoline, leaving them with little or no funds left over for other necessary or optional items.

4. Small Business Owners Will Also Feel the Effects of Rising Gas Costs

In addition to small business owners passing on the cost of gas to the consumer, transit companies and small businesses will have to raise their prices, which will reduce their profitability or result in higher fees for their services.

5. Changing Transportation Use as a Result of Rising Fuel Prices

Due to rising prices for gas, more vehicle operators may begin to practice fuel-efficient driving techniques, participate in carpooling and switch to alternative means of transportation.

How to Check Petrol Price in UP Online

1. Current petrol prices can be accessed at official oil company websites—Indian Oil Corporation, Hindustan Petroleum Corporation Ltd., and Bharat Petroleum Corporation Ltd., as well as their respective websites.
2. For live updates on petrol prices in your area, you can use mobile applications from (fuel@IOC & HPCL) along with dozens of other apps, including GoodFuel.
3. Many oil-producing companies and various financial institutions offer a service where you can receive daily text message alerts when petrol prices change in your area.
4. News and financial publishing websites (such as Indian Price Update) frequently publish information on daily petrol and diesel prices across Uttar Pradesh.
5. The official social media accounts of oil companies (Indian Oil, HPCL and BPCL) frequently provide clients with information about petrol price changes in various cities.

Conclusion

Individuals living in UP can keep track of the factors that affect petrol prices so that they can make better financial and commuting decisions by using the various methods of staying informed. For example, by reading or listening to news, checking a government website or using eligible SMS Alerts services to get daily updates on petrol prices, people can use this information to manage their travel and budget better.

FAQs

What is today’s petrol price in Uttar Pradesh?

Prices of petrol in Uttar Pradesh are currently around ₹ 94.73 per litre, but this can vary slightly from one city to another.

How are petrol prices updated daily in India?

Petrol price revisions occur every day based on international crude oil prices, fluctuations in currency value, and taxes imposed by state and central government authorities.

How can I check petrol prices online in UP?

You can check for your state’s prices at Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) websites; via Indian Price Update and mobile app.