Today's Petrol Price in Goa
Find today's petrol price in Goa. The latest petrol rates are regularly updated here. Read on to find out the current petrol price in Goa.
21 May 2026
Today's Petrol Price in Goa
₹ 0
Petrol Price in Goa (Today & Yesterday)
| Ltr | Today | Yesterday | Price Change |
| 1 ltr | ₹ 100.38 | ₹ 100.38 | ₹ 0 |
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Petrol Price in Goa for Last 10 days
| Date | Price |
| 21 May 2026 | ₹ 100.38(0) |
| 20 May 2026 | ₹ 100.38 |
| 19 May 2026 | ₹ 100.39 |
| 18 May 2026 | ₹ 99.49(0) |
| 17 May 2026 | ₹ 99.49(0) |
| 16 May 2026 | ₹ 99.49 |
| 15 May 2026 | ₹ 99.41 |
| 14 May 2026 | ₹ 93 |
| 13 May 2026 | ₹ 96.41(0) |
| 12 May 2026 | ₹ 96.41(0) |
Petrol Price Weekly Comparison
*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
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Petrol Price in Goa
Petrol prices in Goa are revised on a daily basis by Oil Marketing Companies (OMCs) such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum. Petrol rates depend on the value of the rupee against the dollar and the crude oil prices in the global markets.
Understanding the Petrol Price Structure in Goa
Several factors contribute to the final retail price of petrol in the Goa. The price is a combination of the base cost of crude oil, central and state taxes, and dealer commissions.
Key Components of Petrol Price
- Crude Oil Price: The global price of crude oil is a primary determinant of the petrol price.
- Central Government's Excise Duty: The central government levies an excise duty, which is uniform across the country.
- State's Value Added Tax (VAT): The Andaman and Nicobar administration levies a Value Added Tax (VAT) on petrol, which is one of the lowest in India.
- Dealer Commission: A commission is paid to the petrol pump dealers, which is included in the final price.
- Freight Charges: The cost of transporting the fuel to the islands also adds to the final price.
Dynamic Fuel Pricing
Since June 2017, India has adopted a dynamic fuel pricing system. Under this model, petrol prices are revised daily at 6 a.m. This is a departure from the previous system where prices were revised every fortnight. The daily revision is in sync with the fluctuations in international crude oil prices.
Advantages of Dynamic Fuel Prices
- Reduced Price Volatility: Daily adjustments prevent sudden and significant price shocks that were common in the fortnightly revision system.
- Alignment with Global Prices: It allows for the immediate transfer of any changes in global crude oil prices to the end consumers.
- Transparency: The daily price revision ensures that the pricing is transparent and reflects the actual cost of crude oil.
Factors Affecting Petrol Prices in Goa
The main factors that affect petrol prices in Goa are given below:
- Crude Oil Prices: The price of crude oil in the international market is the biggest determinant of petrol prices.
- Rupee-Dollar Exchange Rate: Crude oil is purchased in US dollars. Any fluctuation in the exchange rate affects the import cost.
- Central and State Taxes: Excise duty charged by the central government and VAT charged by state governments form a significant portion of the petrol price.
- Dealer Commission: Oil marketing companies pay a commission to the dealers who operate the petrol pumps.
- Logistics and Transportation Costs: The cost of transporting fuel from the refinery to the petrol pump also adds to the final price.
Month (2025–26) | Approx. Price Range (₹/L) | Start Price (₹) | End Price (₹) | Trend |
Apr 2026 | 96.50 – 97.30 | 96.61 | ~96.97 | Slight rise |
Mar 2026 | 96.32 – 96.96 | 96.60 | ~96.60 | Stable / slight fall |
Feb 2026 | 95.10 – 96.92 | 95.38 | 96.60 | Rising |
Jan 2026 | 95.10 – 95.38 | 95.38 | 95.38 | Flat |
Dec 2025 | 95.10 – 95.38 | ~95.10 | 95.10 | Slight rise |
Nov 2025 | ~96.50 – 97.30 | ~96.70 | ~96.70 | Stable (est.) |
Oct 2025 | ~96.50 – 97.30 | ~96.70 | ~96.70 | Stable (est.) |
Sep 2025 | ~96.50 – 97.30 | ~96.70 | ~96.70 | Stable |
Aug 2025 | ~96.50 – 97.30 | ~96.70 | ~96.70 | Stable |
Jul 2025 | ~96.50 – 97.30 | ~96.70 | ~96.70 | Stable |
Jun 2025 | ~96.50 – 97.30 | ~96.70 | ~96.70 | Stable |
May 2025 | ~96.50 – 97.30 | ~96.70 | ~96.70 | Stable |
FAQs
- Why is petrol cheaper in the Goa compared to other states?
Petrol is cheaper in the Goa primarily because the local Value Added Tax (VAT) is one of the lowest in the country.
- What are the main factors that determine the petrol price in the Goa?
The price is determined by the cost of crude oil, central excise duty, state VAT, dealer commission, and transportation costs.
- How often are petrol prices updated in the Goa?
Petrol prices are updated daily at 6 a.m. as part of the dynamic fuel pricing system.
- What is the role of VAT in determining the petrol price?
VAT is a significant component of the petrol price. The Goa' low VAT rate is the main reason for the lower petrol prices.
- Where can I find the latest petrol prices for the Goa?
You can find the latest prices on the websites of oil marketing companies and financial news portals.
- Are petrol prices the same across all islands in the Andaman and Nicobar?
There might be slight variations in price across different islands due to varying transportation and logistics costs.
- What is the difference between petrol and diesel prices in the Goa?
The price difference between petrol and diesel is mainly due to the different rates of Value Added Tax (VAT) applied to each fuel. Generally, petrol is more expensive than diesel.
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