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Petrol Price in Noida (26th November 2020)

Petrol prices in Noida have been turning more volatile, as prices of crude oil have been showing a firm trend. It is important to check todays petrol price in Noida ₹ 82.27 (26th November 2020), especially if you are going for a long drive. Remember, petrol and diesel prices are revised daily, so you can lose much, if you are travelling on a long distance. The rupee has also moved lower against the dollar, which has made petrol prices in Noida more expensive than before. It is hoped that the government can reduce excise duties, so as to enable rates to become more cheaper in the coming days.

Nov 26, 2020
₹ 82.27 /Ltr ( ₹ 0.25 )

Last 10 Days Petrol Rate in Noida

Date Price Price Change
Nov 25, 2020 ₹ 82.02 ₹ 0.12
Nov 24, 2020 ₹ 81.90 ₹ -0.21
Nov 23, 2020 ₹ 82.11 ₹ 0.19
Nov 22, 2020 ₹ 81.92 ₹ -0.11
Nov 21, 2020 ₹ 82.03 ₹ 0.30
Nov 20, 2020 ₹ 81.73 ₹ 0.31
Nov 19, 2020 ₹ 81.42 ₹ -0.14
Nov 18, 2020 ₹ 81.56 ₹ 0.14
Nov 17, 2020 ₹ 81.42 ₹ -0.14
Nov 16, 2020 ₹ 81.56 ₹ -0.10

Daily & Monthly Petrol Price in Noida : Graphical Representation

Historical Petrol Price in Noida

  • Trend of Petrol Rate in Noida, November 2020
  • Petrol Price
    1st November Rs.81.57
    26th November Rs.82.27
    Highest rate in November Rs.82.27 on November 26th
    Lowest Rate in November Rs.81.42 on November 14th
    Over all performance Rising
    % Change +0.85%
  • Trend of Petrol Rate in Noida, October 2020
  • Trend of Petrol Rate in Noida, September 2020
  • Trend of Petrol Rate in Noida, August 2020
  • Trend of Petrol Rate in Noida, July 2020
  • Trend of Petrol Rate in Noida, June 2020
  • Trend of Petrol Rate in Noida, May 2020

Petrol Price in Noida

New Okhla Industrial Development Authority (Noida) is a well managed city located in Gautam Buddh Nagar district of Uttar Pradesh in India.

Due to a large number of highly demanded petrol-run vehicles the city has higher petrol bunks network for the distribution of fuel. After all, three major state-owned oil marketing companies serving the city are Indian Oil, Bharat Petroleum, and Hindustan Petroleum. There is no phenomenal imbalance in the prices offered by these three companies as concerning the petrol prices. Let’s take a deep knowledge about the fuel retailing industry which helps you to determine that why petrol prices are revised every day.    

How petrol prices are revised every day in Noida?

Until 16 June 2017, fuel rates had been revised every fortnight. Since the implementation of dynamic fuel pricing all petrol bunks of Noida have been updating fuel prices (diesel and petrol) on a daily basis, instead of updating twice a month after 16 June 2017. Dynamic fuel pricing removes the previous modification each fortnight and provides substantial advantages to end customers, dealers and oil marketers. Also, the United States of America, Japan , Russia and Australia embraced the new fuel pricing mechanism.

The update is performed at 6:00 a.m. on a daily basis across all the bunks. Oil marketing firms will set the price against the crude oil prices and currency exchange rates between Dollar and Rupee. That means that users are going to pay the rates which are listed on the market. Dynamic pricing of fuel, also called regular adjustment, automatically turns on a daily basis even the slightest difference in the exchange rate and crude oil rates. The new framework guarantees full transparency of the fuel prices. 

How are fuel prices determined in Noida?

The following are the various elements that influences the Retail Selling Price of Petrol in Noida. 

Crude Oil Prices: Indian oil traders buy Crude from overseas oil trading firms. The price must be paid in the USD, which is the standard currency for financial trades, as it is being transacted in international markets. 

Refinery Transfer Price: Retail Selling Price (RSP) is calculated by keeping a number of considerations in mind. The average price of Crude Oil of the Indian Basket is determined every fortnight. This cost is in dollars per barrel. Even the price in Indian rupees depends on the average conversion rate of that fortnight. 

Different taxes: The Central Excise Duty (imposed by the central government) and the State VAT (Value Added Tax) are basically two separate taxes. These two taxes are applied to the price that dealers are charged with. VAT varies from state to state. Even the dealer commission is applied to the price after the Central Excise is levied. 

How to check the daily petrol rate in Noida?

Owing to the introduction of Dynamic Fuel Pricing, as the petrol price is regularly revised in all parts of the country, even Noida, it is now hard to track the city's right petrol price. OMCs have created many approaches to track the price of a litre of petrol through mobile apps, SMS services and through specific websites of India's oil companies. The methods described below will enable you to track the best and correct petrol price of the Noida city.

Mobile applications: OMCs have introduced mobile applications which provide the latest fuel price in a region. Indian Oil consumers can download and use the 'Fuel@IOC' app whereas Bharat Petroleum customers can use Hindustan Petroleum's 'SmartDrive' application and by using the 'MY HPCL' app fuel consumers of Hindustan Petroleum across the city can stay updated with the latest petrol price every day. 

SMS: The method below will enable you to have the current petrol price via SMS service of the Noida city

Indian Oil: SMS RSPdealer code and send it to 9224992249

Bharat Petroleum: SMS RSPdealer code and send it to 9223112222

Hindustan Petroleum: SMS HPPRICE dealer code and send it to 9222201122

Websites: To check the daily fuel prices as well as the price of one litre of fuel the day before of the city, you can visit the relevant OMCs website and Goodreturns site. 

How petrol rate is calculated in Noida?  

Some of the key elements which decide the retail selling price (RSP) of petrol in Noida are crude oil prices, refinery costs, dealers commission, he net profit of the OMCs, the state VAT and excise duty levied on petrol. Crude oil is traded in US dollar internationally. The price of petrol is determined by global supplies and services, the supply and demand of major countries, natural fluctuations, environmental changes, and the USD exchange rate against the Indian Rupee. The cost of refineries varies nationally, and the cost of extracting crude oil into petrol across oil-processing firms.

Oil Marketing Companies (OMCs) will then add a certain amount of the net profit margin on a litre of petrol delivered to retail suppliers. Both the state and the federal governments then enforce the rates charged to retail petrol distributors. The federal excise duty appears to be the same in all regions of India, including Noida, mainly in respect to the petrol pricing system and the State Value Added Tax (VAT) system for petroleum products fluctuates across all the states in India. Another aspect that differs moderately from dealer to dealer in Noida and other metro areas is the profit of the dealer, which is determined by the distance across supply points and retail outlets. The dealer's commission varies for petrol and diesel, as well as the location of the fuel station.  

Does GST influence the petrol rates in Noida

The Goods and Services Tax (GST) is the new tax structure on all goods and services across India. Petroleum products from the GST, however, have been prohibited. Petrol and diesel have the propensity to attract excise duty from the Centre and VAT as tax from the State. Since the top tax bracket under the GST is considerably lower than the overall excise duty and VAT, the taxpayer will be impacted by any fall in income to the Center or the State. After all, GST is not applicable to petrol in Noida. 

How the petrol rates in Noida is influenced by the Dynamic Fuel Pricing?

The concept of so-called "dynamic fuel pricing" was influential after it was deployed on June 17. Fuel rates tend to adjust on a daily basis, in accordance with the currency exchange value between USD and INR and price of crude oil. Therefore, before loading your tank, checking the fuel prices is always important. Although Noida was affected, the dynamic fuel pricing model throughout the city was introduced by all petrol stations from 17 June onwards. Although Dynamic Fuel Pricing has been adopted in the nation, the key goal of this initiative is to strengthen fuel price transparency so that federal agencies do not manipulate or threaten the OMCs (Oil Marketing Companies). Therefore, due to the uncertainty in crude oil prices and the INR-USD exchange rate, the revised cost can be effectively provided to consumers, even fuel station dealers can handle their commissions and money conveniently by adopting the new framework.   

Mobile Apps Of OMCs To Find The Latest And Revised Petrol Price Of Noida Regularly

On a regular basis, petrol prices tend to change regularly and it is believed that having the right fuel price is a challenge as the key concern in the minds of consumers is how and when we can get the transparent and revised petrol price of Noida. And furthermore, several oil and gas firms such as Indian Oil, Bharat Petroleum and Hindustan Petroleum have adopted diverse tactics such as SMS, smartphone applications and customer service to stay connected with the latest petrol price every day for the petrol consumers of Noida. Fuel users must download the smartphone apps of Indian oil firms, which can be accessed and downloaded for free from the Google Play Store and the Apple Store. Fuel consumers around the nation can conveniently follow the new price pattern of petrol right from their leisure by using the OMCs' smartphone apps.

The Dynamic Fuel Pricing System, which was launched on June 17 for daily petrol price adjustments across the country, is currently being pursued by all major cities in India including Noida. Additionally, before heading to the office or filling your vehicle, it is advised to routinely track Noida's current petrol price, which will help you to remain exposed to the market dynamics of petrol. Mobile applications, however, allow petrol customers to review the straightforward fuel prices on their mobile phone. In addition, current fuel prices can also be obtained via SMS service or by visiting an individual oil company's website, as described above. Here are the smartphone apps that enable you to witness the actual and precise petrol price of Noida from your phone.     

 

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