Petrol Price in Lakshadweep

0
Petrol Price in India (₹/L)
Diesel
88.66Per Litre

Petrol Price in Lakshadweep: Sep 18 2021

The petrol Price in Lakshadweep is 93.05 per litre.

Petrol Price in Lakshadweep – Last 10 Days Data

DATE PETROL PRICE
11 March 2021 ₹ 93.05
10 March 2021 ₹ 93.05
09 March 2021 ₹ 93.05
08 March 2021 ₹ 93.05
07 March 2021 ₹ 93.05
06 March 2021 ₹ 93.05
05 March 2021 ₹ 93.05
04 March 2021 ₹ 93.05
03 March 2021 ₹ 93.05

State-wise Petrol Prices

STATE PETROL PRICE
Andhra Pradesh 87.24 ₹/L
Assam 87.24 ₹/L
Bihar 92.91 ₹/L
Chhattisgarh 89.06 ₹/L
Delhi 90.58 ₹/L
Gujarat 87.67 ₹/L
Haryana 88.67 ₹/L
Himachal Pradesh 88.55 ₹/L
Jammu And Kashmir 92.11 ₹/L
Jharkhand 88.06 ₹/L
Karnataka 93.22 ₹/L
Kerala 91.05 ₹/L
Madhya Pradesh 98.64 ₹/L
Maharashtra 97.30 ₹/L
Odisha 91.30 ₹/L
Punjab 89.64 ₹/L
Rajasthan 97.10 ₹/L
Tamil Nadu 93.07 ₹/L
Telangana 94.18 ₹/L
Uttar Pradesh 88.78 ₹/L
Uttarakhand 89.44 ₹/L
West Bengal 91.78 ₹/L

Petrol Prices in Major Cities

CITY PETROL PRICE TODAY
New Delhi ₹ 90.19
Kolkata ₹ 91.41
Mumbai ₹ 96.62
Chennai ₹ 92.25
Gurgaon ₹ 87.53
Noida ₹ 88.11
Bangalore ₹ 93.21
Bhubaneswar ₹ 90.25
Chandigarh ₹ 86.17
Hyderabad ₹ 93.10

Petrol Rate in Lakshadweep

  • The current Petrol Price in Lakshadweep is Rs.93.05 per litre.
  • Today’s Petrol price in Lakshadweep is Rs.93.05 litre.

Trend of Petrol Price in Lakshadweep for February 2021 (rates per liter):

Parameters Rates/litre
1st February Rs. 91.00
28th February Rs. 86.36
Highest Rate in February Rs. 86.36
Lowest Rate in February Rs. 91.00
Overall Performance Rise
Percentage Change 4.64%

 

  • The petrol price in Lakshadweep has settled to Rs. 91.00 per litre on the 1st February
  • In the previous week, the prices were closed to Rs. 86.36 per litre
  • The overall percentage reads to 4.64%

Trend of Petrol Price in Lakshadweep for January 2021 (rates per liter):

Parameters Rates/litre
1st January Rs.86.36
31st January Rs.83.88
Highest Rate in January Rs.83.88
Lowest Rate in January Rs.86.36
Overall Performance Incline
Percentage Change 2.48%

 

  • The petrol price in Lakshadweep has settled to Rs. 86.36 per litre on the 1st January
  • In the previous week, the prices were closed to Rs. 83.88 per litre
  • The overall percentage reads to 2.48%

Trend of Petrol Price in Lakshadweep for December 2021 (rates per liter):

Parameters Rates/litre
1st December Rs. 83.88
31st December Rs.82.58
Highest Rate in December Rs.82.58
Lowest Rate in December Rs.83.88
Overall Performance Incline
Percentage Change 1.30%

 

  • The petrol price in Lakshadweep has settled to Rs. 83.88 per litre on the 1st December
  • In the previous week, the prices were closed to Rs. 82.58 per litre
  • The overall percentage reads to 1.30%

Trend of Petrol Price in Lakshadweep for November 2021 (rates per liter):

Parameters Rates/litre
1st November Rs.82.58
30th November Rs.81.32
Highest Rate in November Rs.81.32
Lowest Rate in November Rs.82.58
Overall Performance Incline
Percentage Change 1.26%
  • The petrol price in Lakshadweep has settled to Rs. 82.58 per litre on the 1st November
  • In the previous week, the prices were closed to Rs. 81.32 per litre
  • The overall percentage reads to 1.26%

Trend of Petrol Price in Lakshadweep for October 2021 (rates per liter):

Parameters Rates/litre
1st October Rs.81.32
31st October Rs.81.32
Highest Rate in October Rs.81.32
Lowest Rate in October Rs.81.32
Overall Performance Stable
Percentage Change 0.00%
  • The petrol price in Lakshadweep has settled to Rs. 81.82 per litre on the 1st October
  • In the previous week, the prices were closed to Rs. 81.82 per litre
  • The overall percentage reads to 0.00%

Trend of Petrol Price in Lakshadweep for September 2021 (rates per liter):

Parameters Rates/litre
1st September Rs.81.23
30th September Rs.80.13
Highest Rate in September Rs.81.23
Lowest Rate in September Rs.80.23
Overall Performance Decline
Percentage Change -1.23%

 

  • The petrol price in Lakshadweep has settled to Rs. 81.23 per litre on the 1st October
  • In the previous week, the prices were closed to Rs. 80.23 per litre
  • The overall percentage reads to -1.23%

How Frequently is Petrol Price in Ladakh Reviewed?

The current petroleum changes can be effortlessly observed through an SMS-ready or a client assistance administration worked by state-claimed oil firms, specifically Bharat Petroleum (BP), Hindustan Petroleum (HP), Indian Oil, and Shell Oil. Furthermore, aside from this, by getting to the entrances of those oil firms, you can likewise check the most recent fuel cost of Ladakh. Following the techniques beneath, the fuel clients of Raipur can check for the current petroleum pace of the city without bargaining their own solace.   

Petrol Costs in Lakshadweep and the Other States

Andhra Pradesh 87.24 ₹/L
Assam 87.69 ₹/L
Bihar 93.48 ₹/L
Chhattisgarh 89.62 ₹/L
Gujarat 88.20 ₹/L
Haryana 89.25 ₹/L
Himachal Pradesh 89.11 ₹/L
Jammu And Kashmir 92.67 ₹/L
Jharkhand 88.52 ₹/L

Procedure to Compute Petrol Prices in Kerala

Step 1: Calculation of the petroleum Price

Overseas oil-manufacturing companies sell unrefined oil to Indian oil marketing companies (OMCs) at benchmark rates. This price of a barrel, which is like 159 liters, of crude is $49 in global markets. Therefore, the value of a liter of crude is computed by converting US dollars into Indian rupees then divided by 159. The value of crude also includes freight charges paid by oil marketing companies.

Step 2: Calculation of Refinery Expenses

Upon importing crude from overseas oil companies, Indian oil marketing companies will shift crude to refineries for further processing. Crude is then clustered into several products like diesel, coal tar, and petrol in distillation towers of those refineries. The cost incurred to convert crude into petrol is named refinery cost, which is added to the value of crude. Moreover, crude custom levies and charges from ports to refineries are added.

Step 3: Other Cost Elements

Clustered petrol is now able to be stockpiled in the stowage reservoirs of oil marketing companies. The particular rate of petrol, which is paid by end consumers, consists of all the above costs plus the commission charged by dealers, excise duty, value-added tax (VAT), and total duties. In other words, the petrol price is that the cost price that consists of refining, procuring, marketing, excise duty, and state taxes.

Elements Impacting Petrol Prices in Lakshwadeep

Petrol prices in Lakshwadeep are influenced by the value of crude oil, which is traded transnationally, the fluctuations in the currency conversion rate, customs, excise duty, and VAT. Similarly, the purchasing cost of crude oil is impacted by changes in weather and seasons, the equation of supply and demand, the share of reserves and supplies, demand. The retail selling price of petrol will increase if the value of crude oil, customs, excise duty, and the VAT increase. It can subside if the value of crude oil, customs, excise duty, and VAT decrease. The tax component is often domestically administered, but factors just like the rate of exchange and crude oil rates can’t be domestically managed.

How are Petrol Prices in Lakshadweep Responding to GST?

In India, there’s no other form except Goods and Services Tax (GST). GST is in practice since 1 July 2017. it’s applicable to all or any sorts of goods and services, which are transacted throughout the state, except crude oil derivatives including petrol. Currently, petrol isn’t taxed under the regime of GST. Therefore, petrol rates aren’t impacted by present tax slabs. during a broader picture, the whole oil and gas industry has been kept outside the GST purview.

Diesel Rate vs. Petrol Rates in Lakshadweep

As mentioned in the earlier section, the average price of petrol per litre in all cities of the state was Rs.68.54. The average price of diesel was Rs.57.73 as of the latest data, which 11 October 2017. The difference between the two fuels does not fluctuate much compared to other states such as Jammu and Kashmir, Kerala, Maharashtra, Tamil Nadu, and West Bengal. The current petrol price is moving in an upward direction.

News

Petrol Costs Rs.89.44 in Mumbai

Fuel prices continued to rise for the second consecutive day in Delhi and Mumbai after a quick gap of each day. Petrol prices have risen to Rs.79.99 per litre, up by 48 paise, in Delhi, while in Mumbai it costs Rs.87.39 a litre, up by 48 paise. Diesel prices have increased to Rs.72.07 per litre, up by 53 paise, in Delhi and in Mumbai it’s available at Rs.76.51 a litre, up by 55 paise. On 5 September, petrol and diesel rates were kept unchanged which was available at Rs.79.31 per litre in Delhi and at Rs.86.72 in Mumbai. Diesel was sold at Rs.71.34 per litre in Delhi, while in Mumbai it had been available at Rs.75.74 a litre. Before the hike on 5 September, fuel prices were hiked for ten consecutive days. However, on Thursday, both the petrol and diesel price were increased. Fuel prices are revised to support the global crude price and the currency rate of exchange of the rupee. Oil companies change fuel prices on a day to day under the dynamic fuel pricing mechanism which is effective from 6:00 am IST.

FAQs

Is the price of petrol revised a day in Lakshadweep?

Yes, the worth of petrol is revised a day in the state.

Do state-run oil companies revise the rates as per the dynamic pricing scheme?

Yes, state-run oil companies revise the worth of petrol in Lakshadweep as per the dynamic pricing scheme.

How was the general performance of petrol in the state for the month of September?

The overall performance of petrol in the state for the month of September was one among incline.

From what time are the new rates effective?

The new rates are effective from 6 a.m. onwards.

On what factors is that the price of petrol revised in Ladakh?

The price of petrol is revised in the state after taking under consideration international oil rates and rupee – US dollar rate of exchange.

Visit our Dialabank for more such insights.

 

 

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