Diesel Price in Guwahati Today

1. All oil enterprises, including Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited and Indian Oil in Guwahati can efficiently monitor cash inflows and outflows. Working capital can be well-managed.

1. Operational expenditures can be reduced to the possible extent. 100% fuel transparency will be ensured to fuel consumers.

Get Today's Diesel Price in Guwahati through Mobile Applications

Oil companies have provided mobile applications to trace today's diesel rate in Guwahati. Smartphone users may consider this option. The mobile applications offer promising features and benefits. The mobile application designed by Indian Oil is Fuel@IOC, the mobile application offered by BPCL is SmartDrive and the mobile application provided by HPCL is My HPCL. The latest fuel prices may also be obtained via SMS services.

Why is the Retail Selling Price of Diesel Assessed in Guwahati?

The retail selling price of diesel in the city of Guwahati is computed by considering the following cost elements:

1. The cost of unrefined oil will be Rs.26.42 a lite as of 3 February 2018. It is computed in consideration with the INR/USD exchange ratio. As of 14 March 2018, the USD/INR exchange ratio was Rs.64.92 and the cost of crude oil a barrel was approximately $65.

1. The import duties, transportation expenses and profit margin of oil companies work to be Rs.2.87 a litre. On the other hand, landing expenses, operational expenditures and entry levies work to be Rs.7.5 a litre.

1. Like mentioned in the first section, on diesel, the central tax is imposed at Rs.15.33 a litre. Before VAT, the price quoted to diesel users will be Rs.52.12 a litre.

1. The commission charged by fuel dealers has recently been increased to Rs.2.51 a litre. On petrol, it is Rs.3.59 a litre.

1. In Guwahati, VAT on diesel is charged at 23.66%. So, 23.66% of Rs.54.63 works to be Rs.12.92.

Forces Impacting Current Diesel Price in Guwahati

Diesel prices in Guwahati are influenced by the fluctuations in the currency conversion ratio, costs of unrefined oil and taxes. The exchange ratio will fluctuate on a daily basis. The Indian Central Bank will decide it in sync with import and export policies, inflation rates, bank rates, etc. The current diesel rate in the city will increase if the cost of crude oil increases in overseas markets. It will decrease if the cost of unrefined oil decreases. Similarly, oil companies have to make changes in response to the variations in central and state levies.

GST and Diesel Price in Guwahati

GST stands for the Goods and Services Tax. In India, it is a comprehensive and multi-phase tax system that imposes taxes at 5%, 12%, 18% and 28%. The system has replaced various types of indirect levies. At each stage, taxes are levied under the GST system. The consumption of diesel in India is huge. Since the fuel will earn revenues to the government, it has been outside the purview of the GST. The current GST rates will not earn the expected revenues.

Comparison of VAT in the Indian States

The following table outlines the VATs imposed in Indian states as of 4 September 2017: