Petrol And Diesel Price in Bellary
Standing on black cotton soil, the city of Bellary is full of impressive hills and granite rocks. Bellary is historically known for its cotton production and processing. The city is particularly famous for its unbranded denim garments. Around 3000 families find employment in Bellary’s 260 denim garment manufacturing units.
Due to its historical importance and upcoming industries, Bellary is growing at a rapid pace. The city is also witnessing a rise in the number of vehicle owners. This has resulted in increased demand for petrol and diesel in the city.
The petrol price in Bellary today is high. And thus, if you live in Bellary, it is important to know the rate of fuel in the city. This will give you an added advantage and help you make financial decisions accordingly and spend your money wisely.
In this article, we will have a closer look at the petrol and diesel price in Bellary and learn about the factors influencing them. Read on!
Petrol Price in Bellary
The petrol price in Bellary today is INR 104.89 per litre. In the past 8 days the highest petrol price went up to INR 104.58 per litre. The cheapest price of petrol in the past 8 days was INR 104.89 in Bellary. Thus, it is clear that while the city is experiencing a fluctuation in petrol prices, there are no substantial price changes.
The price trend of petrol in Bellary does not show a definite downward or upward curve. It is fluctuating unpredictably, but the changes have been minute in the last few days. This indicates that the petrol price is generally stable in Bellary.
Diesel Price in Bellary
Now that we have learned about the current petrol prices in Bellary, let's find out about the changes in diesel prices. The diesel price in Bellary today stands at INR 90.8 per litre. Talking about the diesel prices for the last 8 days the diesel price peaked at INR 90.8 per litre. The lowest price of diesel in the last 8 days was INR 90.53 in Bellary.
Just like the petrol prices, the fluctuations in diesel prices have also been small. Since the diesel price in Bellary is not changing drastically, it can be considered a positive thing.
Factors Which Affect the Fuel Prices in Bellary
Whether you buy fuel from Bellary or any other city, many costs are added to the price you pay. Due to this reason, consumers always end up paying almost double the amount. These costs range from government taxes to unpredictable international trends. In this section, we will have a closer look at all the factors that
Here are the costs which go into the final retail price of petrol and diesel in the market –
Excise duty – Also known as CENVAT (Central Value Added Tax), excise duty is levied by the central government of India. Any product which is either manufactured or sold in the country has excise duty on it.
VAT – VAT (Value Added Tax) is charged by the state government. It is levied at each supply chain stage. Different states levy different VAT rates, which is why the fuel rates vary so much from city to city.
Dealer’s commission – Fuel dealers bring the fuel to the retail stations from the supply stations. Depending on the dealer and the distance they have to travel, the dealer’s commission will vary.
Profit Margin of OMC – Oil Marketing Companies have their profit margins. Depending on their cut, the price of fuel changes.
Price of Crude oil – The price of crude oil in the international market fluctuates every day due to many reasons. This has a direct impact on the price you pay for fuel.
Conclusion
So that was all about petrol and diesel price in Bellary. To get the latest updates on fuel prices, download the Park+ app on your mobile device today. In addition to telling you the price of fuel, Park+ offers a host of features. Some of its most prominent features include car maintenance and cleaning services, information on new car models in the market, eChallan viewing, and more.