Petrol Price in Assam

Assam is a northeast state situated along the mighty Brahmaputra and Barak River Valley. The state’s area is spread over 78,435 km square. The state contributes close to Rs 3.33 lakh crore for the Gross Domestic Product of the country and its per-capita income for fiscal 2015-16 stood at Rs 60,952 per annum. The state has witnessed a surge in the number of new vehicle registrations over the last few years mainly due to the growth and development in the region and hence the use of fuel in the state of Assam has been growing at a great pace.

The reason behind the costlier petrol price in Assam

Fuel has become costlier in India when compared with neighbouring countries lately. Previously the government of India subsidized fuel prices in sync with global market prices. But now, the government has stopped subsidizing the petrol prices and the rates are in sync with the global crude oil prices.

Apart from this the addition of excise duty on petrol has also inflated the price of petrol in the country. Adding additional woes to the existing situation, each and every state in the country levies separate state-based value-added tax on petrol and it is 30.85% in the state of Assam. The VAT will be added to the petrol rates before arriving at the final value. All these have to be borne by the customer and hence the petrol price has rallied sharply over the last few months in India.

How can the consumers in Assam check the petrol prices?

There are various options for the petrol buyers to check its prices in a various number of ways. The easiest way is to send an SMS to the respective state-based oil marketing companies in the following form. In the case of Hindustan Petroleum (HP) send an SMS to HPPRICE followed by their DEALER CODE and send it to 9222201122.

Or

In the case of Indian Oil Corporation (IOC) by sending an SMS to RSP followed by the respective DEALER CODE and send it to 9224992249.

Apart from this the customer can also log into the website of the oil marketing company and check the petrol rates which are revised on a regular basis starting at 6 am in the morning in accordance with the global crude prices.

Uses of Petroleum

Transportation Purpose

Petroleum mainly acts as a transportation energy source. Most vehicles are dependent heavily on petrol for their usage.

The derivatives of petroleum-like diesel, gasoline, jet fuel, liquified petroleum gas, and marine fuel do provide transport fuels for an array of vehicles. In India, small to medium-sized vehicles use petrol as the primary source of fuel. Heavy motor trucks depend on diesel as a source of fuel. Automobiles, light trucks, scooters, cars, vans, and ships depend on gasoline or petrol as a source of fuel.

Lubricants

In many industries, lubricants are useful for the smooth functioning of machines. Lubricants consist of 90% base oil, the usual percentage of petroleum. The usage of lubricant ensures minimum friction; hence it has found its use in most automobiles, machines used in industries and so on. Apart from this, lubricants are used in ultrasound scanning, cooking, and medical examination.