Jammu is the largest city in the Jammu district, is home to many small industries, and follows the dynamic fuel pricing system’ introduced in India on 16.06.2017. The prices of crude oil have been changing very frequently, impacting the diesel and petrol price in Jammu. As fuel price in Jammu is revised daily, it is important for vehicle owners to know their prices. The oil marketing companies decide the fuel prices, which are later finalized by PPAC, also known as the Petroleum Planning and Analysis Cell. PPAC comes under the Ministry of Petroleum and Natural Gas.
Petrol Price in Jammu
The petrol price in Jammu today is ₹undefined. The demand for petrol is growing consistently, leading to an increase in petrol prices in Jammu. An imbalanced demand-supply cycle, increasing population, international crude oil cost, and high petrol demand are causing the price to escalate. In recent times, the price has been between undefined and undefined rupees. Petrol is exempt from GST, VAT, excise duty, and dealer commission are a few reasons for increasing retail petrol prices.
Diesel price in Jammu
In India, the price of diesel always remains lower than petrol. The diesel base price is more than petrol, but due to the tax levied by the centre and the state governments, the petrol price always surpasses the diesel price. However, diesel does not fall under GST.
The fluctuations of crude oil prices worldwide affect the diesel price in Jammu. The current Jammu diesel price is ₹undefined. This price is bound to increase whenever the value rupee decreases against the dollar, and there is a global diesel price hike.
Factors affecting fuel price in Jammu
Like the rest of the country, Jammu has dynamic fuel pricing too. Daily, at 6 in the morning, the diesel and petrol rates are revised.
The changes in the global crude oil price, fuel demand, the daily revision of fuel prices, vehicular density, and the value of Indian currency all contribute to fuel prices. The fall of the worth of a rupee vs a dollar also impacts the rise of diesel and petrol prices in Jammu. High excise duty is also responsible for high fuel rates, along with the state taxes that add to the actual fuel price.
Diesel price is lower than petrol in Jammu and the rest of India. The government does this to ease the burden of fuel prices from public transport operators and farmers, who mostly use diesel for their automobiles.
Conclusion
Dynamic Fuel Pricing, which is followed in Jammu, depends on the currency exchange rate, crude oil price, taxes, etc. You can check the fuel prices in Jammu daily early morning using the Park+ app. Use Park+ app’s trip calculator to understand how much fuel price you need to pay for an upcoming trip. The most popular features of the app are buying or recharging a FASTag and checking eChallans from any location.