Petrol and Diesel price in Etawah
Etawah is the 26th most populous city of Uttar Pradesh. It houses multiple transportation systems ranging from air to land for easy commuting of people. Additionally, city is growing at a rapid pace and thus, the demand for petrol, diesel, and other types of fuel is rising too. From industrial activities to daily commuting, petrol and diesel are required for almost all activities.
Thus, frequent fluctuations in the petrol and diesel prices in Etawah can significantly affect the lives of people there. So, it is important to keep a close watch at the fuel price fluctuations in Etawah. Read this piece till the end to find out more about the current fuel prices and the reasons behind their changes.
Petrol Prices in Etawah
The petrol price in Etawah today is INR 95.02 per litre. However, the petrol prices in the city have not seen huge changes over the past week.
The changes in petrol prices are dependent on crude oil prices. As this price changes in the international market, the petrol prices also update. Apart from the international market, there are several other factors that influence the petrol prices of a city. These include the following:
Refinery expenses
Central excise duty
OMC’s profit margin
State’s VAT policy
Dealer's Commission
After considering all these factors petrol prices are updated every morning at 6 A.M in Etawah.
Diesel Prices in Etawah
The diesel price in Etawah today is INR 88.16 per litre.
The reasons for this price variation are similar to that of petrol. However, diesel is much more affordable than petrol because of the following reasons:
Excise duty and VAT charges imposed on petrol are higher than on diesel.
Petrol is a highly refined byproduct of crude oil. Therefore, it takes much more time and effort than diesel.
Diesel is comparatively heavier and less volatile than petrol.
Impact of Fuel Prices Fluctuations on the Economy
Prices of fuel have risen tremendously in the past couple of years. This not only affects the cost of people’s transportation but also takes a huge toll on the monthly budget of every individual.
The following points explain some of the most common ways fuel price fluctuations impact people’s life in Etawah:
Fruits and vegetables are among the many items that are transported across the nation. The cost of transportation increases as diesel prices rise, which eventually raises the price of these goods as a result, causing people to limit their consumption to meet other requirements.
With the increase in fuel price, the cost of bus tickets or cab fares goes up. This is the primary factor that affects people’s daily commute to their offices.
Rising fuel costs put the administration under more pressure to cut imports. As a result, deficits increase, which ultimately causes the rupee’s value to decline. When the rupee’s value declines in relation to the dollar, international travel and education become more expensive.
The increase in fuel costs has a major impact on enterprises spread throughout numerous industries, which ultimately has an influence on the spending behaviour of the general public. Living expenses rise, which eventually causes inflation to rise.
Conclusion
Are you looking for an effective solution that can help you keep track of the latest fuel prices changes in Etawah? If yes, then visit the Park+ website or download the Park+ App on your smartphone. It allows you to look at the updated price of diesel, petrol, and CNG in your city. Moreover, you can compare the price changes over a period to understand the trends.