Note : there may be slight variations in prices across outlets within a city
Faridkot is a city in the North Indian state of Punjab and is also a district headquarters. Faridkot is known for its industries that include different forms of cotton handling like ginning and baling. Ever since the outbreak of the Russia and Ukraine war earlier this year, the prices of oil and gasoline have soared very high. These high fuel prices are putting a heavy impact on the daily lives of common citizens in India.
The petrol price in Faridkot is rising every day. Some fluctuations have also been witnessed in the past few weeks. Though the central and state governments consider cutting down on fuel taxes from time to time. Let's have a look at the current fuel prices in Fairdkot and the factors affecting them.
The current petrol price in Faridkot is ₹ 98.46 per litre.
Also, the fuel costs in Faridkot have been fluctuating between ₹ 98.19 and ₹ 98.65 . It would be difficult to predict when these prices may come down.
Currently, the diesel price in Faridkot is set at ₹ 88.77 per litre. Diesel prices have also shown much fluctuation in the past few days.
For instance, in the last eight days or one week, the cost of diesel in Faridkot has fluctuated between ₹ 88.5 and ₹ 88.95. These fluctuations create an unstable environment and make it difficult to plan their trips in advance.
One of the biggest reasons behind the fuel price increase in Faridkot is the massive rise in crude oil prices. The crude oil prices have fluctuated very often in the past few months. Clearly, this also impacts the rise in fuel prices in India. Compared with other countries, the petrol and diesel prices in India have remained quite stable. However, still, fluctuations in fuel prices make it very difficult to predict anything in foresight and thus impacts the state economy too.
In this section, we will have a closer look at some major factors affecting the petrol and diesel prices in Faridkot.
The Dollar vs INR exchange rate: Even the rising of the United States dollar against the Indian rupee is contributing to high fuel prices in the country. Thus, the international situation majorly impacts what happens inside the borders of a country.
Taxes charged by the government: The government’s taxation policies also play a crucial role in the fuel price rise. The government imposes different taxes on fuel, thereby making it expensive for consumers.
The refining cost: The refining process is when crude oil is turned into gasoline. The cost of this process can vary depending on several factors, including the type of crude oil being used and the refinery's efficiency.
Transportation cost: Transportation costs are quite high in Gangtok and are an important factor affecting fuel prices. When the transportation cost increases, the fuel cost also increases.
To wrap up, the petrol and diesel prices in Faridkot have been a topic of concern for both local people and travelers. Thus, it is essential to keep a track of fuel price fluctuations and make informed decisions.
Are you looking for a user-friendly and effective solution to keep yourself updated with the recent changes in petrol and diesel prices in Fairdkot? If yes, make sure to download the Park+ app from the Google Play Store. The application allows you to find out about the current fuel prices in any place in India. Alternatively, you can also visit the Park+ website on your browser and check the fuel prices. Moreover, users can also turn on notifications to be alerted regarding any price changes throughout the day or week.
The petrol price in Faridkot has been slightly fluctuating the week preceding 9 December. Such fluctuations in petrol prices make it difficult for people to plan their travel and make it difficult for them to undertake longer journeys. These fluctuations have made it really impossible for people to understand when there will be some relief from these rising fuel costs.
Fuel prices are rising in Faridkot because of the rise in the prices of oil and gas in the international markets. These prices have been fluctuating owing to an unstable international situation which is caused by the war, the pandemic, and other related issues. Therefore, with many fluctuations in the petrol and diesel price in Faridkot, it is very difficult to predict the graph of fuel prices in the city
The global fuel and financial crisis are also continuously exacerbating the situation making it hard for people to increase their monthly savings.
The current petrol price in Faridkot is on the slightly higher side. Also, there have been many fluctuations in the price of fuel in this city in the past few weeks. Thus, a good alternative to petrol and diesel could be CNG or even an EV vehicle that is battery-powered.