Punjab is a North India State which is situated bordering the states of Jammu and Kashmir, Haryana. Himachal Pradesh, Rajasthan, and Pakistan towards the west. It has a population base of 27,704,236 individuals as per the 2011 census report. The state is the 16th most populous state in the country. The growing population along with the increase in the income has led to the purchase of more vehicles in the state of Punjab.
|City||Today Price||Yesterday Price|
|Amritsar||₹ 74.42||₹ 74.16|
|Barnala||₹ 74.09||₹ 73.63|
|Bathinda||₹ 73.76||₹ 73.40|
|Faridkot||₹ 74.08||₹ 73.82|
|Fatehgarh Sahib||₹ 74.32||₹ 74|
|Fazilka||₹ 73.99||₹ 73.94|
|Firozpur||₹ 74.51||₹ 73.88|
|Gurdaspur||₹ 74.35||₹ 74.03|
|Hoshiarpur||₹ 73.86||₹ 73.58|
|Jalandhar||₹ 73.90||₹ 73.59|
|Kapurthala||₹ 73.94||₹ 73.74|
|Ludhiana||₹ 74.27||₹ 73.90|
|Mansa||₹ 74.04||₹ 73.72|
|Moga||₹ 74.22||₹ 73.97|
|Muktsar||₹ 73.94||₹ 73.48|
|Pathankot||₹ 74.74||₹ 74.32|
|Patiala||₹ 73.88||₹ 73.79|
|Rupnagar||₹ 74.36||₹ 74.22|
|Sangrur||₹ 73.76||₹ 73.35|
|Sas Nagar||₹ 74.53||₹ 74.13|
|Shd Bhagat Singh Ngr||₹ 73.96||₹ 73.82|
|Tarn Taran||₹ 74.30||₹ 73.79|
The prices of the petrol in the state of Punjab is revised on a regular basis starting at 6 am in the morning.The state-run oil marketing companies revise the petrol prices in sync with the global crude oil prices. The states in India levy separate value-added tax also known as VAT on the petrol prices before arriving at the final selling price of petrol across all the fuel stations.
In August 2018, the petrol prices in the state of Punjab is around Rs 82 per litre across different cities. The prices of petrol have gone up since January 2018 wherein its prices were recorded at Rs 67.30 per litre.
Petrol prices are not uniform across the country due to various factors which include the state levied Value Added Tax which differs from one state to another, demand and supply of fuel, logistics and so on.
Value Added Tax in the state of Punjab on Petrol stands at 35.25%. The residents of Delhi pay less VAT at 27% and hence the prices of petrol are lowest when compared with other states and it is highest in the state of Maharashtra wherein the state levied VAT stands at 38.52%.
The demand and supply factor also adds to the prices of petrol in India. If the transportation for the supply of fuel is less owing to refinery problem or lack of imports, then the demand and supply chain will get affected which in turn will impact negatively on the prices of petrol.
Logistics also plays an important role in determining the prices of fuel in India. Fuel transported to longer distances to cities or regions farther from depots will be priced higher than the places nearer to the storage area of the oil companies.