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Petrol Price in Jharkhand
Today's petrol price in Jharkhand (Ranchi) stands at ₹105.26 per litre. No change recorded in petrol's price compared to yesterday. Over the past 10 days, fluctuations have been observed, with prices ranging between ₹105.26 and ₹105.93. 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 Jharkhand
| City | Price | Price Change |
|---|---|---|
| Bokaro | ₹105.70 | +0.21 |
| Chatra | ₹106.98 | +0.97 |
| Deoghar | ₹104.99 | +0.04 |
| Dhanbad | ₹105.22 | -0.05 |
| Dumka | ₹106.05 | -0.09 |
| East Singhbhum | ₹105.19 | 0.00 |
| Garhwa | ₹107.09 | 0.00 |
| Giridih | ₹105.69 | -0.34 |
| Godda | ₹106.07 | +0.25 |
| Gumla | ₹105.84 | -0.47 |
| Hazaribagh | ₹106.01 | -0.42 |
| Jamtara | ₹105.93 | +0.24 |
| Khunti | ₹105.34 | +0.08 |
| Koderma | ₹106.19 | 0.00 |
| Latehar | ₹106.39 | 0.00 |
| Lohardaga | ₹106.24 | +0.12 |
| Pakur | ₹106.56 | 0.00 |
| Palamau | ₹107.09 | 0.00 |
| Ramgarh | ₹105.90 | -0.01 |
| Ranchi | ₹105.26 | 0.00 |
| Sahibganj | ₹106.88 | 0.00 |
| Saraikela Kharasawan | ₹105.19 | -0.42 |
| Simdega | ₹106.35 | 0.00 |
| West Singhbhum | ₹105.91 | -0.74 |
Mechanism Used to Determine the Petrol Price in Jharkhand
The country is following the Dynamic Fuel Pricing Technique and joins the group of elite countries around the globe which are already using this method to price the fuel across the country. As per this method, the fuel rates are revised on a daily basis in sync with the global crude oil rates which keeps on fluctuating. The changed fuel prices come into effect starting from 6 am in the morning across all the fuel filling stations in the country. In some fuel stations the fuel prices get changed automatically and in some of the fuel stations, the prices of petrol have to be changed manually by the fuel station employees.
The fuel pricing is done after taking into consideration the following things which include rupee-dollar conversion rate, logistics, global crude oil prices, demand and supply of fuel and so on.
Features of Dynamic Fuel Pricing Technique
The following are the features of Dynamic Fuel Pricing Technique:
• The fuel prices are revised on a daily basis.
• Fuel rates are fixed in sync with global crude oil prices.
• The consumers can be aligned to the market dynamics.
• Working Capital can be managed by both the dealers as well as the oil marketing companies.
• Indian fuel retail segment can be aligned with the global oil market.
• It is one of the best stock management principles which can be adopted.
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