• Petrol Price Today On 20th May , 2025; Latest Rates In Assam

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    Petrol Price Today On 20th May , 2025; Latest Rates In Assam
    Petrol prices in Guwahati, as anywhere else, are determined by a combination of local and international factors. For example, the Brent crude oil price, the rupee's exchange rate against the US dollar, and international events such as wars or political crises can all cause turmoil. 

    Digital Desk: In Guwahati, the price of petrol keeps changing at par with the international crude oil rates.  No change recorded in petrol price compared to yesterday. Over the past 10 days, fluctuations have been observed, with prices ranging between ₹98.19 and ₹98.33.

    Petrol prices in Guwahati, as anywhere else, are determined by a combination of local and international factors. Such things as the Brent crude oil price, the exchange rate of the rupee against the US dollar, and international events such as wars or political crises can all cause turmoil. On the domestic front, fluctuations in excise duties, state taxes, patterns of demand, and supply chain problems contribute as well. In addition, refining expenses and dealership commissions are also integrated before the final price reaches the pumps.

    Petrol price in Guwahati as on 20th May, 2025 is:

     ₹98.33 per litre

    Fuel costs in India have risen significantly in recent times, particularly to neighbouring nations. Previously, petrol used to be subsidised by the Indian government, and the fuel prices were held relatively steady vis-à-vis world prices. Presently, subsidies on petrol have ceased, and its prices are inversely correlated to international crude prices. In addition to that, the government also imposes excise duty on petrol, making it even costlier. To add insult to injury, every state imposes its value-added tax (VAT).

     In Assam, for instance, VAT on petrol is up to 30.85%. This tax is imposed before the final amount is arrived at, and ultimately, it's the consumer who has to pay all these amounts. That’s why petrol prices have been rising so sharply in recent months.