Note : there may be slight variations in prices across outlets within a city
Ghazipur is a historic city in the state of Uttar Pradesh. Just like many small cities in Uttar Pradesh, Ghazipur is developing at a rapid pace. To match the growing industrial and transportation needs, the demand for fuel has increased too. The city relies a lot on its transportation system as it serves as the lifeline of the city's historical heritage. Thus, the petrol price in Ghazipur is vital for the economic growth of the city and the well-being of its residents.
The petrol price in Ghazipur today is INR 98.15 per litre. Due to high petrol prices, the cost of r most essential products and services has gone up significantly in recent months. The price of petrol has gone up even more due to the state government VAT and surcharges as well as the central government excise duties.
The diesel price in Ghazipur today is INR 91.31 per litre.
Diesel is an essential commodity here as most businesses and transport means rely exclusively on it.
The amount of crude oil India imports from overseas has a massive effect on the price of diesel in the retail market. As of now, India imports over 80% of its crude oil needs from the US, Russia, and the Middle East. The state government also imposes bulky VAT and surcharges upon diesel sold in the state. This adds to the final diesel price that consumers pay for their daily use.
Apart from the main internal factors i.e. heavy taxation of fuel in the country, some external factors are racking up the price of fuel significantly. First, the value of the rupee is depreciating due to the US dollar being more expensive. This has made purchasing fuel several times costlier than before.
Second, the Saudi Arabia-led OPEC group cut crude oil supply by a huge margin in 2020, to maintain the price of crude oil amidst falling demand. This supply gap hit us later after the pandemic restrictions were over, increasing the fuel prices further.
Lastly, the Russian invasion of Ukraine in 2022 made the geopolitical system unstable and several countries put sanctions on Russia. Many European countries are not importing oil and gas from Russia, leading to a lower supply of crude oil. This made fuel prices go up even more in recent months.
You can follow petrol, diesel, or CNG price trends closely across several states & cities in India, through the Park+ app. It is a highly intuitive and user-friendly application that provides you with up-to-date news regarding petrol or diesel price in Ghazipur and other Indian cities and towns. All you need to do is - log into the app, and on the search menu, type - Ghazipur.
Not only this, but you can also use the app to find parking spots nearby, register your vehicle, get relevant RTO information, etc. Soo download the Park+ app from the Google Play Store today and enjoy the benefits!
The petrol price in Ghazipur is updated by following the process of dynamic fuel pricing. The price is revised after every 24 hours at 6:00 AM sharp, by maintaining its synchrony with the global crude oil price. The currency conversion rate also influences the domestic retail price of petrol.
This process helps Oil Marketing Companies and consumers by removing the need for third-party agents. Any price hike in international crude oil reflects directly on the local retail price of petrol.
To lower its dependency on foreign gas supply, we need to put more funds into crude oil exploration in the country. Likewise, the promotion and adoption of feasible renewable energy sources should also be taken into consideration.
Cars with some of the worst fuel economy include the - Bentley Continental GT, Mercedes-AMG, Rolls-Royce Cullinan, Rolls-Royce Phantom, Rolls-Royce Ghost, Rolls-Royce Wraith, Rolls-Royce Dawn, Ford Mustang Shelby GT500, etc.