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Today Petrol Price in Arunachal Pradesh is INR 95.14 per liter and Diesel Price in Arunachal Pradesh today stand at INR 84.35 per liter.
Petrol and diesel are essential commodities obtained from crude oil (petroleum), a valuable resource formed over millions of years. The petrol price in Arunachal Pradesh is variable. It can vary because of certain factors we will discuss ahead. Also, it is essential to remain updated with the real-time rates of the fuel to have an organised budget.
Today's Petrol Price in Arunachal Pradesh is INR 95.14 per liter.
The petrol price in Arunachal Pradesh is not fixed and is affected by several factors. The tax imposed by the government covers almost 60% of the value. Some factors influencing the petrol price in Arunachal Pradesh are-
The Impact of Value-Added Tax (VAT)- The value-added tax is an add-on to the tax imposed by the central government. The respective state governments decide its value; hence, it can change. It significantly affects the petrol price in Arunachal Pradesh.
Price of Crude Oil- India is not self-sufficient to fulfil its needs related to fuel. Over 80% of the crude oil used in India is exported. Foreign policies, taxes, and supply and demand can lead to the variable price of petrol. It is one of the most common factors influencing the petrol price in Arunachal Pradesh.
Transportation charges- It is one of the primary factors determining the petrol price in Arunachal Pradesh. The charges for transportation, as well as the operational charges, may differ for different regions of our country. It also depends on the distance to be covered.
The Diesel Price in Arunachal Pradesh Stand at INR 84.35 per liter.
Diesel is a crucial product obtained after the process of refining. The diesel price in Arunachal Pradesh is dynamic and is based on several factors. Some of them are-
Fluctuation of the Indian Rupee concerning the dollar- The value of the Indian rupee can significantly affect fuel rates. The majority of the crude oil we use is exported. It is bought in foreign currency but sold in Indian rupee. Hence, this is one of the most prominent factors that can affect the diesel price in Arunachal Pradesh.
Excise Duty Tax- This is a fixed amount of tax the central government imposes for each litre of diesel and petrol. Its amount is fixed for each part of the country. However, it is accompanied by an add-on VAT which may differ for different states.
The Oil Marketing Companies- The OMCs or the Oil Marketing Companies work as a bridge between the dealers and the exporters. These are the ones who purchase petroleum, refine it, and distribute it to different parts of the nation. These are independent of the government's intervention, even if they are tied to taxes. Before selling, they consider the factors like operational and transportation charges, the margin of the profit, and much more.
All these factors account for the variable or dynamic fuel rates. The diesel price in Arunachal Pradesh can change daily based on the above factors.
The fuels like petrol and diesel are not included in the newest regime of GST. The tax here is divided into two main categories. The excise duty tax charged by the central government is fixed for each part of the country. However, the states can charge their value-added tax. This leads to dynamic prices of fuel in different parts of the country.
If GST replaces the system of tax, then the price for diesel and petrol would vary as a whole. This means it will still be dynamic but similar in each part of the country.
The inflation of the diesel and petrol rates can affect different sectors. It includes the economy of the country as well. It is visible that people are getting interested in alternatives like EVs in today's modern world. Also, this can affect the system of transportation and retail. It can also lead to increased use of the public transportation system. As the salary is fixed for most of the population, this can lead to a cut-off from other retail activities. This affects the GDP, and hence, brings a difference in a country's economy.
As the fuel crisis increases in Arunachal Pradesh, it directly affects the cost of living. The cost of essential goods such as vegetables and fruits also increases.
When diesel and petrol prices go up, it also results in higher transportation costs. This directly affects travelling and the cost of goods and services in Arunachal Pradesh.
The monthly budget is directly affected (increased) by higher fuel prices in Arunachal Pradesh.
The diesel/petrol price in Arunachal Pradesh is dynamic. The variable price is determined by various factors that we have talked about above in the blog. Also, it is essential to keep checking the ever-changing fuel rates. This would help you to organise and plan in a better way.
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Two main factors responsible for the dynamic fuel price are the taxes imposed by the central and state governments. The excise duty tax is fixed, but the VAT imposed by the state government can differ. The price is also affected by distance, transportation, operational facilities, etc.
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