Diesel Price in Pondicherry Today

Prime Attributes of Dynamic Fuel Pricing

1. In Pondicherry, revised fuel rate is displayed at each supply point.
2. Diesel buyers in the city of Pondicherry will no longer face problems related to inventory.
3. Dynamic fuel pricing enables fuel enterprises to provide the best services to fuel buyers.

Offline and Online Methods to get Today's Diesel Price in Pondicherry

HPCL, IOCL and BPCL have released a few useful tips to get the latest diesel price in your city. You have two choices: online and offline. If you are a user of Apple operating system, you can use mobile applications such as SmartDrive, My HPCL and Fuel@IOC. SmartDrive helps you find the diesel rate offered at BPCL whereas My HPCL helps you track the current rate offered at Hindustan Petroleum. Similarly, Fuel@IOC can be used to obtain the price range offered at Indian Oil.

Mobile applications cannot be used if you don't have a smartphone. In that case, what you can do is dial the customer care number of your favorite fuel company. Customer care service professionals will help you get the latest diesel price in Pondicherry. SMS requests can also be sent to the respective fuel company to obtain the details you required. Mobile applications are used by most fuel consumers today.

Process followed to Compute Fuel Rate in Pondicherry

The process used to compute the fuel rate is very simple. The RSP of diesel is the total of excise duty, crude oil expenses, Value-added Tax (VAT), commission collected by retail fuel suppliers and overheads incurred by OMCs. According to a report released in May 2018, crude oil rate per litre was Rs.31; central tax was Rs.15.33 per litre; and dealer's commission was Rs.2.52 per litre. On diesel and petrol, the VAT is fixed by the concerned local government. In Puducherry territory, VAT was imposed at 17.51% in May 2018.

Forces Influencing Current Fuel Prices in Pondicherry

1. USD/INR exchange rate: On a daily basis, the value of our currency changes against the greenback. The exchange rate has to be considered while importing something from another country and exporting something to other nations. As far as fuel prices in India are concerned, it has a direct impact.
2. Taxes: What will happen if the Central Government reduces excise duty by Rs.2 per litre? Fuel rates also have to be reduced by Rs.2 per litre. What will happen if the Central Government increases excise duty by Rs.1 per litre? Needless to say, fuel rates should be increased by Rs.1 per litre. The changes in VAT have the same impact.
3. Crude oil costs: Crude oil costs are impacted by production cuts, the demand for the commodity, seasonal variations, etc. The cost of crude oil is expected to increase when the demand for crude oil increases globally and oil exporting countries declare a production cut.

Impact of GST on Diesel Price in Pondicherry

GST, as we all know, is a current tax system. Every customer has to pay GST. Diesel buyers do not pay GST presently. After the implementation of GST, prices of all kinds of services and goods were revised. Diesel rate in Pondicherry was not revised. It was because of the exclusion of diesel under GST. The execution of GST on diesel will bring down the fuel rate by Rs.24-30 per litre and will increase the compliance overheads by 100%. Therefore, it has to be wisely implemented to keep the revenues of the Central Government unaffected.

*Disclaimer: BankBazaar makes no guarantee or warranty on the accuracy of the data provided on this page, the prevailing prices are susceptible to change and provided on an as-is basis. We accept no liability for any loss arising from the use of the data contained on this website.