Note : there may be slight variations in prices across outlets within a city
Many of us often struggle to get our financials in order. The challenges get further compounded when there is an unprecedented rise in fuel prices. Fluctuating fuel prices not only affect the fuel bills but also cause an increase in the prices of essential commodities and household items. According to a LocalCircles survey, it was found that almost 51% of Indians try to cut down other expenses to accommodate their spending on petrol or diesel. Almost 14% of the respondents said that they often dip into their savings to pay for the rising fuel costs.
Since fluctuating fuel prices can have a direct impact on your life, daily monitoring becomes important. If you want to find out the daily diesel or petrol price in Gurgaon, it will be helpful to have an app like Park+. This app comes with a range of features to make your life easier. The fuel prices monitoring feature can be used to find out the daily petrol, diesel and CNG prices in your city. This app can be used to –
Search for the fuel prices of various cities to find out where it would be the cheapest.
Using Park+, you can stay on top of the changing fuel prices and make better decisions. It will also allow you to manage your budget more efficiently.
Look at the fuel prices of any city and you’ll notice that they are very volatile and ever-changing. This is largely because of the Dynamic Pricing System, which replaced the Administrative Price Mechanism in 2017. According to this system, the fuel prices are revised every morning at 6 am rather than every 14 days. This approach was implemented so that both consumers and dealers may profit from even the tiniest changes in the world oil market. It also prevented the huge leaps in prices, which was common with the APM system.
If you search for the petrol price in Gurgaon today through Park+, you will find that it is markedly different from prices recorded a month back. The changes in the rates of petrol and diesel are dependent on the following factors –
There is a range of factors, like fuel demand, global cues and the USD exchange rate, which affect the fuel prices in India. When the prices of crude oil increase in the international markets, the effects can be felt in the Indian market too. The demand-supply dynamics and the valuation of the INR against the USD also cause the fuel prices to rise.
The prices of Diesel and Petrol usually vary from state to state. This is because of differences in local taxation and VAT. As of June 2022, the lowest petrol prices can be found in Uttarakhand, where it is selling for Rs. 95.28 per litre. The second-cheapest petrol prices can be found in Assam (Rs. 96.01 per litre), followed by Gujarat (Rs. 96.31 per litre).
To get daily updates on petrol and diesel prices, all you need to do is download Park+ from Google Play Store or Apple Store. This app will provide you with a detailed look into the fuel prices in your city.
You can enter the name of your city in the search tab, and you will get a list of prices for petrol, diesel and CNG, along with information on its fluctuation (if any).
CNG price in Gurgaon fluctuates very frequently and one can easily check daily CNG price in Gurgaon on Park+ app.