Petrol and Diesel Price in Amroha
Situated close to the Ganga River, the city of Amroha has historical significance for the state of Uttar Pradesh.
Amroha is a major tourist destination in Uttar Pradesh. Like any other tourist destination, the cost of fuel has a huge impact on the economy of the city. As with most of India, the cost of petrol and diesel in Amroha has increased significantly over the last several months. If you plan to visit Amroha soon, you must be aware of how much petrol and diesel cost in the city. It'll help you with strategic tour planning and saving money.
Petrol Price in Amroha
The latest petrol price in Amroha comes to INR 95.09 per litre (average).
INR 94.89 per litre was the cheapest petrol price in Amroha in last few days. The highest petrol price in the city of Amroha reached INR
The petrol price in Amroha hasn't crossed the 100 rupee mark yet. And as we notice a steady decline in the cost of fuel, we can expect it to be the same way for some time now. However, petrol prices can increase or decrease rapidly based on the global fuel supply chain.
Diesel Price in Amroha
The latest diesel price in Amroha stands at INR 88.24 per liter (average). Diesel prices in Kullu have risen since January. It's now one of the most expensive cities in India for diesel. Global factors, like political tensions in the Middle East, have caused oil prices to rise. India's government has also raised taxes on diesel fuels, contributing to the price increase. Businesses in Kullu have had to raise prices or cut back on production, and it has led to a rise in inflation and has put a strain on consumers' budgets.
What Factors Affect the Fuel Prices in Amroha?
Fuel price increase or decrease due to several factors and how these factors intertwine with each other. Here are the most important factors that led to the increase in the price of fuel in Amroha:
Oil Marketing Companies' (OMCs) profit margins: The profit margins of OMCs (companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum) affect the retail price of petrol in India. Higher profit margins for OMCs can lead to a higher price for consumers.
Excise duty imposed by the central government: The central government in India imposes an excise duty on petrol which is included in the retail price of petrol. An increase in the excise duty results in an increase in the price of petrol.
VAT (Value Added Tax) imposed by the state government: The state government also imposes a VAT on petrol, which is included in the retail price of petrol. An increase in VAT leads to an increase in the price of petrol.
Commission charged by the dealer: Dealers in India are also entitled to charge a commission on petrol sales. An increase in the commission charged by the dealer causes an increase in the price of petrol.
Cost of Crude oil: The price of crude oil is the primary factor that affects the cost of petrol. The price of crude oil is affected by various factors such as currency exchange rate, international demand, global reserves, weather, seasonal variations, and more. A rise in crude oil prices will result in an increase in the price of petrol.
Refining costs: The process of refining crude oil into petrol incurs significant costs for refineries. These costs include energy consumption, equipment maintenance, and labor. An increase in refining costs results in an increase in the price of petrol.
Transportation costs: The cost of transporting crude oil from production sites to refineries, as well as the cost of transporting the finished product to petrol stations, can also impact the price of petrol.
As you can see, there is no single most important factor behind the increase or decrease in the price of fuel. It's a combination of factors that include domestic and international elements. As we have witnessed global supply chain unrest for a long time now, the cost of petrol and diesel may not decrease significantly in the near future. However, the government can take proactive measures to offer tax concessions and reduce the cost of fuel in the country.
Conclusion
Get the Park+ app on your phone today and stay up-to-date on the fuel prices in your city. Using this app, you can check the fuel prices in your city (or any other city or district) every day. This will assist you in curbing your expenses. Not only can you view the latest price, but you can also compare it with the fuel prices from previous days.