Kerala is a south India state spread across 38,863 km square area. The state came into existence on November 1, 1956, under the States Reorganization Act. Kerala is popularly called as God’s Own Country. The economy of the state is 12th largest in the country with approximately Rs 7.73 lakh crore of gross domestic product. With the increase in foreign direct investment, the state has witnessed an improvement in employment rate which in turn has led to the rise in the total number of vehicles being purchased year on year basis. Fuel is essential for the overall development of the state as it is the petrol and diesel which is required to transport goods and other items from one place to another. The two-wheeler registration has surged up in 2017 at 45,11,343 from the previously recorded 42,94,953 in 2016.
|City||Today Price||Yesterday Price|
|Alappuzha||₹ 109.17||₹ 108.24|
|Ernakulam||₹ 108.29||₹ 107.77|
|Idukki||₹ 108.53||₹ 109.44|
|Kannur||₹ 108.37||₹ 108.08|
|Kasaragod||₹ 109.68||₹ 108.81|
|Kollam||₹ 109.70||₹ 109.35|
|Kottayam||₹ 108.85||₹ 108.45|
|Kozhikode||₹ 108.80||₹ 108.44|
|Malappuram||₹ 109.19||₹ 108.54|
|Palakkad||₹ 109.24||₹ 108.89|
|Pathananthitta||₹ 109.17||₹ 108.53|
|Thrissur||₹ 108.80||₹ 108.14|
|Trivandrum||₹ 110.19||₹ 109.84|
|Wayanad||₹ 109.64||₹ 109.29|
The retail selling price of petrol refers to the final price paid by the end consumers at fuel stations.
One has to look into various cost elements before arriving at the retail selling price per litre of petrol. The crude oil price which also includes freight charges forms the basic cost element in the computation of petrol cost in Kerala.
Other elements include the expenses incurred by the state based oil marketing companies which include marketing costs, pollution cess, operational costs, entry costs, refinery transfer price and commission charges levied by the refinery dealers.
Petrol Prices do not come under GST presently and hence the GST Law will not affect the petrol prices in the state of Kerala. GST is a unified tax law introduced in the country on all the goods and services mainly to avoid tax duplication.