Are you a petrol consumer from Odisha? Would you like to know a few important aspects related to petrol? If yes, you are on the right page. Petrol is used mainly for the purpose of transportation in Odisha, which has a vast number of petrol users. Let’s begin with fuel pricing? It is ideal to make a comparative analysis of petrol prices in three major cities in Odisha.
Petrol Price in Bhubaneswar
Bhubaneswar is the capital city of Odisha. It is a center of industrial activities as well. In October 2017, petrol was sold at an average price of Rs.67.70 per litre. The lowest price in September 2017 was Rs.68.15 whereas the highest price was Rs.69.53. In August 2017, the highest price was 68.24 and the lowest price was Rs.64.53. In July 2017, petrol rates in the city were comparatively low. In June 2017, petrol prices diminished by 5.99%.
Petrol Prices in Cuttack
Cuttack, the commercial capital, is the second largest city in the state. On 2 Jan 2017, petrol was priced at Rs.71.08. On 1 April 2017, the fuel was priced at Rs.66.77. The fuel price further increased to Rs.68.58 in May 2017. In September 2017, the fuel was sold at an average rate of Rs.68.42. In October 2017, the average price was above Rs.67 per litre. In October 2017, the average price was less in Rourkela compared to Bhubaneswar and Cuttack. In August 2017, petrol was priced less. On 1 July 2017, the price was Rs.58.13 per litre.
How are Petrol Price in Odisha Revised?
All state-owned oil marketing companies in Odisha have started revising fuel rates on a daily basis since 16 June 2017. They have stopped using the 15-year old fortnightly revision system. Revising fuel rates on a daily basis is called the daily revision or dynamic fuel pricing. The daily revision has been in use in other developed countries such as Russia, the United States of America, Australia and German.
How to Track Petrol Price in Odisha?
There are three options through which the latest petrol price can be tracked. All oil marketing companies offer an SMS service. They have also designed unique mobile applications, which can be downloaded by customers to track the latest price. The mobile application designed by Hindustan Petroleum is called ‘My HPCL’. The mobile application created by Indian Oil is called ‘fuel@OIC’. The mobile application designed by Bharat Petroleum is called ‘SmartDrive.’ Customers can avail the benefit of these services.
How are Petrol Price in Odisha Calculated?
The following table shows the price structure of Petrol in Odisha.
| Cost Elements | Cost of Petrol |
| Crude oil price (including freight) | XXX |
| Crude Oil Price per litre | XXX |
| Computation of OMC Cost | |
| Processing Cost and Refinery Cost | XXX |
| Transportation Costs and OMS Margin | XXX |
| Fuel Price (after refining) | XXX |
| Excise Duty | 19.48 per litre |
| Price Charged to Dealers Before VAT | |
| Calculation of Dealer Retail Cost | |
| Commission Charged to Dealers | XXX |
| VAT @26% in Odisha | XXX |
| Final Selling Price in Odisha | XXX |
State Levies on Petrol in the Different States
According to the data published by Petrol Planning and Analysis Cell, the state VAT imposed on petrol was 26% in Odisha, 27% in New Delhi, 26.25% in Haryana, 32.91% in Rajasthan and 47.64% in Maharashtra. In Goa, it is just 17%. Among all Indian states, the VAT in Maharashtra was the highest as on 1 September 2017. It is the lowest in Goa.
