Fuel Price in Hapur
Hapur is a small city near Delhi. It is included in the Delhi National Capital Region. According to the 2011 census the city has a dense population of over 300,000 people.
The region has a high demand for fuel with many cars, two-wheelers, and heavy vehicles. So the petrol price in Hapur affects its people directly. The fuel prices are determined by the Indian Oil Corporation (IOCL) after considering global oil rates, currency exchange rates, local taxes, and other costs.
Petrol price in Hapur
The petrol price in Hapur today is ₹94.62.
Fuel prices always rise and fall unpredictably. But they have a direct impact on the prices of all commodities, so it is very important to follow the changes. Several factors affect fuel prices. They can be simple local reasons. But they can also be nuanced, with global implications.
Diesel price in Hapur
Petrol is more refined than diesel. As a result, the cost of refining petrol is higher than the cost of refining diesel. So diesel is always cheaper than petrol. Besides, the taxes on importing diesel is lower than that on petrol. Today, the price of diesel stands at ₹87.71 per litre at Hapur.
Factors affecting the fuel prices in Hapur
Here are some major factors that affect the fuel prices in Hapur:
The price of crude oil in international market: Crude oil is the main component of petrol and diesel. India imports a large amount of crude oil from foreign countries like Iraq, Russia, etc. So the price of crude oil directly impacts the price of petroleum products in India.
Freight Charges: The charges for transporting petroleum products from refineries to the nearest hub or transport centre are also added to the final petrol prices.
Dollar vs INR exchange rate: The Indian Rupee is currently falling compared to the American Dollar. As a result, crude oil prices are rising and the domestic petrol price is skyrocketing.
Government taxes: There are two taxes levied on fuel prices. One is the excise duty charged by the central government tax. This tax is applicable across the country. Additionally, each state government also charges a VAT tax. This amount varies from state to state. All this amount put together gives the final price of petrol that the consumer pays.
Refinery Charges: Crude oil needs to be refined and turned into petrol and diesel. This refining process is conducted by various oil refineries situated across the country. Since these refineries employ a large number of equipment, technology, and people they spend significant money on the entire process too. Thus, the refinery charges are also added to the final sales prices.
Dealer's commission: Oil Marketing Companies (OMCs) buy crude oil and sell it to dealers at a profit. The dealers and petrol pump owners also sell to customers after ensuring they add their own profit margins.
Conclusion
Having a user-friendly tool is necessary to keep track of all fuel price fluctuations in Hapur. This is where the Park+ app comes into the picture. It is an intuitive application that lets you search for the current petrol, diesel, and CNG price in your city within a few clicks. All you need to do is open the app and search for Hapur to see the price of petrol and diesel for the day in Hapur.
So download the Park+ App and follow the petrol prices every day. You can also keep an eye on the fluctuations in oil prices across India or compare between regions!