Fuel Prices Hiked. Check Prices in Guwahati Today

DY365
DY365
Published: October 28,2021 11:09 AM
DY365

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The price of fuel is based on the following factors -- rupee to US dollar exchange rate, cost of crude oil, excise duty, value added tax (VAT), and dealer commission. VAT varies from state to state

October 28, 2021: Fuel prices have been hiked for the second day today, October 28. Price of petrol has been hiked by 0.36 paisa a litre and diesel by 0.37 paisa a litre. In Guwahati a litre of petrol is selling for Rs 104.30 a litre and diesel for Rs 96.87 a litre.



The price of fuel is based on the following factors -- rupee to US dollar exchange rate, cost of crude oil, excise duty, value added tax (VAT), and dealer commission. VAT varies from state to state. After adding excise duty, dealer commission and VAT, the retail selling price of the petrol or diesel gets nearly doubled.  



From June 2017, fuel prices in India are revised daily. This is called the dynamic fuel price method. Petrol and diesel rates are revised at 06:00 a.m. every day. Before this, prices were revised every fortnight.