If you are a resident of Bihar’s famous silk city and smart city Bhagalpur, you must be proud of your hometown. As an owner of a two or four-wheeler, you should know about the latest traffic conditions and the petrol price in Bhagalpur. Because of the consistent trend in the alteration of crude oil prices, the fuel prices in Bhagalpur keep changing too. Therefore, before you start driving around, find out how much you are likely to spend on commuting.

Petrol price in Bhagalpur

Every day as soon as there is a revision in the petrol price, it gets applied. The public sector oil companies decide the day’s petrol price. They follow the dynamic pricing method, which is again dependent mostly on the global crude oil price and the currency exchange rate. Whenever the value of the rupee declines against the US currency, the petrol price climbs up. The Petrol price in Bhagalpur includes state taxes and also central government taxes.

The petrol price in Bhagalpur today is ₹ 106.58 per liter, which is the same as that of the last seven days.

Diesel price in Bhagalpur

The diesel price in Bhagalpur is ₹ 93.33 per liter, including all taxes and charges. T

Now you can buy BS6 (Bharat Standard 6) diesel in Bhagalpur. Your vehicle should have an engine that can comply with this. BS6 is less toxic for the environment. There is almost 70% less nitrogen oxide emission when you use this diesel. Even there is a reduction of particulate matters like PM 2.5 and PM 10 by a whopping 80% on using BS6.

Reasons for fluctuations in fuel prices

Dynamic fuel pricing is the primary reason for fuel price fluctuations. It is advantageous for all Bhagalpur residents, oil companies, and the Bihar government. The VAT you pay for fuel goes to the state government. The fuel pricing has become very transparent and you can understand exactly why the fuel prices have changed. The dynamic fuel pricing method is better because customers can check the price of crude oil in the international market and the currency exchange rate themselves. The central or state government mostly does not have any power to control the oil marketing companies. Fuel pump dealers have better control over their finances.

The crude oil price fluctuations lead to changes in Bhagalpur fuel prices too. Most of the other charges remain more or less the same. The volatile crude oil price makes fuel prices unstable. The second major cause is the value of Indian currency vs US currency.

But crude oil prices also change because of some valid reasons. The first is the mismatch between supply and demand. Only some of the countries in the world can produce crude oil, but the demand for this unrefined oil is in the entire world. Due to the high demand for crude oil in all countries, the price keeps soaring.

The second reason impacting crude oil prices is geopolitical matters. If political matters negatively impact any oil manufacturing country, there will be a shortage of oil production. This in turn will affect the fuel prices as well. A natural crisis or demand can also impact crude oil manufacturing and pricing.

Conclusion

Every vehicle owner in Bhagalpur should be aware of the most recent fuel prices. It will help one to calculate how much money they need to set aside for the day’s fuel expenditure. Diesel and petrol prices in Bhagalpur are bound to keep changing for all the reasons already stated above. So if you drive any vehicle, you should have an update on the prices. You can check the updated petrol and diesel prices in Bhagalpur daily using the Park+ app.