Petrol and Diesel Price in Erode
Erode is an important connecting city in Tamil Nadu that is witnessing some fluctuations in fuel prices over the last couple of months. Fuel prices are of utmost significance to both the local people as well as travelers in the city. Whether you're taking public transportation in Erode daily or stopping by the city en route to your destinations via car. Thus, it is important to be aware of the current petrol and diesel prices so that you can manage your budget properly.
Today, we will have a closer look at the current diesel and petrol price in Erode and the factors influencing them.
Petrol Price in Erode
The petrol price in Erode today is Rs. 101.38/litre. While looking into the fuel prices from the last 10 days, the price of petrol has been quite stable with prices between Rs. 101.38 and Rs. 92.99/litre.
Diesel Price in Erode
The diesel price in Erode today is Rs. 94.93/litre. While considering the diesel prices from the last 10 days, it is seen that the price of diesel has been facing minor fluctuations between Rs. 92.99/litre and Rs.
Reasons for fuel price fluctuations in Erode
The fuel price in Erode has been seeing an unstable trend in the last couple of months. This is similarly the case in many parts of Tamil Nadu, where prices rose to an all-time high in 2022 as a result of worldwide inflation. The central government tried to lower the price surges by cutting back on the excise duties taxed on petrol and diesel which nearly stabilized the fuel price in the following months.
Some common reasons for fuel price fluctuations include the following:
The price of crude oil in international market: Crude oil is the main component of petrol and diesel, so the price of crude oil directly impacts the price of petroleum products in India.
The refining process: The refining process is when crude oil is turned into gasoline. The cost of this process can vary depending on several factors, including the type of crude oil being used and the refinery's efficiency.
Distribution and marketing costs: Once refined, gasoline must be transported to gas stations for sale. The cost of this transportation can add to the price of gas. Gas station owners must also cover the cost of marketing and advertising their products.
Taxes: In many jurisdictions, gasoline is subject to various taxes, which can also add to the price at the pump.
Some states in India are announcing plans to lower fuel prices as a result of crude oil products being sold at a slashed price for the first time in 12 months. Tamil Nadu government is also expected to follow suit. This means the travellers and commuters in Erode would be saving a lot on petrol and diesel cost.
If you're making plans to pass through Erode on your family outings, knowing the latest petrol and diesel prices will safeguard you from unfair prices. If you're a long-time resident of Erode travelling to work daily, a rise or fall in fuel prices could mean you need to prepare for spending more or less on fuel.
Conclusion
The Park+ app is a modern companion that helps you by updating you on the latest fuel prices in the country. Download the app on Play Store or App Store and instantly get information about the current prices of petrol, diesel, and CNG in your city. You can also set up notifications to receive daily updates about fuel price fluctuations in any part of India. So, download the app today to enjoy all the benefits!