West Bengal is located in the Eastern part of Independent India on the Bay of Bengal, with an estimated population of over 91 million as per the 2011 census report. The state ranks fourth in terms of population in the country. Kolkata, the seventh largest city in India constitutes as the capital of West Bengal. In the year 2014, the state of West Bengal has a vehicle population both commercial and non-commercial which stood at approximately 6.8 million.
|City||Today Price||Yesterday Price|
|Alipurduar||₹ 75.39||₹ 75.84|
|Bankura||₹ 75.31||₹ 75.68|
|Barddhaman||₹ 78.20||₹ 0|
|Birbhum||₹ 75.28||₹ 75.64|
|Cooch Bihar||₹ 75.72||₹ 75.79|
|Dakshin Dinajpur||₹ 75.35||₹ 75.31|
|Darjeeling||₹ 75.05||₹ 75|
|Hooghly||₹ 75.43||₹ 75.31|
|Howrah||₹ 75.11||₹ 75.35|
|Jalpaiguri||₹ 75.06||₹ 75.37|
|Jhargram||₹ 75.71||₹ 75.71|
|Kalimpong||₹ 75.30||₹ 75.30|
|Kolkata||₹ 75.02||₹ 75.02|
|Malda||₹ 75.12||₹ 75|
|Murshidabad||₹ 75.96||₹ 76.02|
|Nadia||₹ 75.66||₹ 75.71|
|North 24 Parganas||₹ 75.44||₹ 75.33|
|Paschim Bardhaman||₹ 74.97||₹ 75|
|Paschim Medinipur||₹ 75.50||₹ 75.52|
|Purba Bardhaman||₹ 75.61||₹ 75.11|
|Purba Medinipur||₹ 75.33||₹ 74.83|
|Purulia||₹ 75.89||₹ 75.61|
|South 24 Parganas||₹ 75.12||₹ 75.18|
|Uttar Dinajpur||₹ 75.85||₹ 75.41|
In India, petrol is not produced domestically, it is usually sourced from the foreign countries which produce crude oil.The country secures 75% of the crude oil through foreign imports. The domestic companies in India convert the crude oil into refined petrol and diesel through a particular process which will then be distributed to the retailers and the fuel is then sold at all the fuel stations by distributors. Few of the Indian companies which cater to the crude oil requirements in the country include ONGC, Cairn India Ltd, Reliance Industries, Oil India and so on.
Usually, one barrel of Crude oil in terms of Indian Rupees comes up to INR4,200. One barrel of crude oil is equivalent to 159 litres of petrol and hence the cost per litre of crude oil is INR 26.415.
Hence the price of petrol in India has interlinked the global market prices. Any kind of increase or decrease in the prices of crude oil will have an equal effect on the prices of petrol and diesel in the domestic market. Apart from this the currency conversion ratio, the value-added tax levied by the state government which differs from one state to another also contributes to the price of the petrol.
The state of West Bengal follows dynamic fuel pricing since June 2017. As per this system, the prices of petrol will change on a regular basis starting at 6 am in the morning across all the fuel stations. This method is followed mainly to rate the petrol in sync with the crude oil prices and the prevailing exchange rate in the global market thereby making the consumers pay the market-determined fuel price. This kind of petrol pricing system is prevalent in the United States of America, Russia, Australia, Japan, Japan.