Dindigul is a city in the Indian State of Tamil Nadu. It serves as the district administrative centre for Dindigul. Dindigul unquestionably has a significant impact on how the nation's economy functions as there are multiple industries in the area. Given the importance of this place, knowing the petrol price in Dindigul will help the residents as well as those working in the industries in the area.

Petrol Price in Dindigul

The petrol price in Dindigul today has become more variable as crude oil prices have remained stable. It is critical to check the current petrol price in Dindigul, Rs. 101.54, particularly if you're planning a long drive. The rupee has also moved lower against the dollar, which has made petrol prices in Dindigul more expensive than before. It is hoped that the government will reduce excise duties, making rates more affordable in the coming days.

Diesel Price in Dindigul

Today, the diesel price in Dindigul is currently very dependent on global crude prices. The rise in global oil prices has forced up Dindigul diesel prices. In addition, petroleum product prices have now been aligned with market rates. It means that the diesel price at Rs. 93.14 will rise each time global crude prices go up and the rupee falls even against the dollar.

Components of the Petrol Price in Dindigul

More than 70% of the crude or unrefined oil that state-owned oil corporations import comes from oil-producing countries. After refinement, the crude oil is put on the international market. While the cost of crude oil sets the baseline price for gasoline, internal factors like taxes and operating expenses also affect the cost of petrol in Dindigul and other Indian towns.

• Global Crude Oil Price

The price of crude oil is dynamic and varies depending on production, any instances of supply shortages, geopolitical tensions, as well as increasing demand. The changes in these elements affect the petrol rate in cities such as Dindigul. The price at which unrefined oil is purchased is known as the Indian Basket or Indian Crude Basket price. Crude oil is sold in barrels. These petroleum firms refine the crude oil and deliver gasoline to gas outlets across Dindigul.

• US Dollar Exchange Rate

Since crude oil is primarily traded in US dollars, any changes in the dollar's value affect the cost of gasoline. The price of a barrel of crude oil rises when there is a depreciation of the rupee against the US currency. Any change in the value of the US dollar directly affects the Retail Selling Price (RSP) of gasoline in a city like Dindigul.

• Excise Duty & Local Sales Tax or Value Added Tax (VAT)

The sale of petrol in India attracts the Centre's excise duty and the appropriate State's sales tax or VAT. The most significant portion of the price of gasoline is made up of taxes. While Tamil Nadu collects VAT at 32.06% on the sale of petrol in Dindigul, the Center charges excise duty at Rs. 19.48 per litre.

• Oil firms buy crude oil and ship it to India

Oil companies' profit margin and dealer commission. After being refined, the crude oil is given to gas stations all around the country. The oil firms increase the ultimate selling price of petrol by their profit margins and other operating expenses. Additionally, these fuel corporations set the commission for dealers, often known as gasoline station owners.

Impact of GST on Petrol

Petrol sales in India are subject to excise duty and VAT. But the new Goods and Service Tax (GST) taxation structure does not apply to petroleum products like gasoline and diesel. Products containing petroleum are exempt from the GST. It is so because the present tax rate on gasoline is higher than the GST's top tax bracket. If gasoline is included in the scope of the GST, it will influence government revenue. The burden on the average person will be lessened if gasoline is included in the range of the GST, though.

Conclusion

By logging into the Park+ app, you can keep track of the daily changes in gasoline, diesel, and compressed natural petrol prices in Dindigul and throughout India. Open the app and enter Dindigul in the search bar to learn the current CNG price in Dindigul. The Park+ app will send you daily information about daily CNG rates, fuel price changes across India, and comparisons of fuel price swings. Log into the app to keep up with the latest fuel pricing information.