Fuel Price: Fuel rates are revised at 06:00 a.m every day. From June 2017, fuel prices in India are revised daily, and this is called the dynamic fuel price method. This makes sure that even a ...

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These duties apply to the prices offered to the fuel bunker dealer. And the cost after the implementation of the Central Excise and VAT, which varies by state, applies to the distributors' commission.

OMCs hold some margin and then allocate it to the dealer of the fuel bunker. Applicable tax-In nature, the Central Excise Duty (imposed by the central government) and the VAT (Value Added Tax ...