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Petrol Price in Bihar
Today's petrol price in Bihar (Patna) is at ₹113.54 per litre, reflecting a slight decrease compared to yesterday's rate of ₹113.72. Over the past 10 days, fluctuations have been observed, with prices ranging between ₹113.37 and ₹114.24. You can also view today's petrol prices in all states and districts of India and compare them with the rates from the previous day, which already include state taxes.
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List of Petrol Price in Bihar
| City | Price | Price Change |
|---|---|---|
| Araria | ₹115.06 | 0.00 |
| Arwal | ₹113.93 | -0.12 |
| Aurangabad | ₹114.46 | -0.60 |
| Banka | ₹114.43 | -0.19 |
| Begusarai | ₹113.17 | 0.00 |
| Bhagalpur | ₹114.33 | +0.19 |
| Bhojpur | ₹114.18 | +0.07 |
| Buxar | ₹114.66 | +0.30 |
| Darbhanga | ₹114.16 | 0.00 |
| East Champaran | ₹115.06 | +0.42 |
| Gaya | ₹114.40 | 0.00 |
| Gopalganj | ₹115.02 | -0.04 |
| Jahanabad | ₹113.76 | 0.00 |
| Jamui | ₹114.83 | 0.00 |
| Kaimur | ₹114.83 | 0.00 |
| Katihar | ₹114.87 | -0.19 |
| Khagaria | ₹113.58 | +0.01 |
| Kishanganj | ₹115.06 | -0.02 |
| Luckeesarai | ₹113.94 | -0.26 |
| Madhepura | ₹114.72 | 0.00 |
| Madhubani | ₹114.38 | 0.00 |
| Munger | ₹113.77 | 0.00 |
| Muzaffarpur | ₹114.47 | 0.00 |
| Nalanda | ₹114.01 | -0.12 |
| Nawada | ₹114.20 | +0.08 |
| Patna | ₹113.54 | -0.18 |
| Purnia | ₹115.05 | +0.16 |
| Rohtas | ₹114.88 | +0.32 |
| Saharsa | ₹114.16 | +0.08 |
| Samastipur | ₹113.67 | 0.00 |
| Saran | ₹113.77 | -0.24 |
| Sewan | ₹114.55 | +0.06 |
| Sheikhpura | ₹114.67 | 0.00 |
| Sheohar | ₹114.67 | 0.00 |
| Sitamarhi | ₹114.96 | +0.29 |
| Supaul | ₹114.54 | +0.11 |
| Vaishali | ₹113.42 | -0.07 |
| West Champaran | ₹115.06 | 0.00 |
Petrol Price in Bihar
The fuel prices in the country are revised on a regular basis starting from 6 am in the morning in sync with the global crude oil prices which are currently experiencing volatility owing to geopolitical tension apart from uncertainty in the oil industry. The petrol prices in Bihar are revised under the Dynamic Fuel Pricing Technique. Under this method, all the oil marketing companies in India including Indian Oil Corporation, Hindustan Petroleum, Bharat Petroleum, and Shell Oil will change the fuel rates based on the purchase price of crude oil from the global market, tax rates as well as the currency conversion rate.
Benefits of Dynamic Fuel Pricing Technique
The dynamic fuel pricing method which is currently adopted by oil marketing companies to revise fuel prices offers many benefits not only to the oil refinery companies but also to the end users – consumers. By following the above-mentioned method to price the petrol across all the fuel stations, the oil marketing companies are able to manage the working capital of the company. It also helps them to keep their respective cash inflows and cash outflows unaffected throughout the year.
The fuel pricing under this method can be done in two ways – manually and automatically. The method of pricing can be done automatically by automated petrol bunks and manually in non-automated petrol pumps.
List of Petrol Pump Companies in India
India is the third largest consumer of oil globally. With a vast population and limited oil resources in the homeland, the country depends on oil imports from abroad to fulfil the domestic fuel requirements. Hence any changes in the global crude prices will have a direct impact on the fuel prices in India. Despite this, the last revision of petrol and diesel prices in India was on May 21, 2022.
Here is the list of petrol pump companies in India which supplies fuel to customers across the length and breadth of the country.
- Indian Oil Corporation
- Hindustan Petroleum Corporation
- Bharat Petroleum
- Reliance Petroleum Limited
- Oil India Limited
- Oil and Natural Gas Corporation (ONGC)
- Tata Petrodyne
- Adani Welspun Exploration Limited
- Cairn India
- Nayara Energy
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