Petrol price in Hardoi is becoming more volatile as crude oil prices climb. Hardoi city is situated in the Hardoi district of Uttar Pradesh, India. The city serves as the administrative centre for the Hardoi district. Hardoi's economy is a combination of the service, commercial, and industrial sectors. Fuel prices in Hardoi have risen as the rupee declines in value against the dollar on a regular basis. If you are planning a lengthy trip, you should double-check the current Hardoi gasoline prices.

Petrol price in Hardoi

The petrol price in Hardoi today is INR 95.18 per litre. Over the last eight days, the price of petrol in Hardoi has ranged between Rs 94.64 and Rs 95.54.

Diesel price in Hardoi

Today, the diesel price in Hardoi is INR 88.35 per litre. Diesel prices in Hardoi fluctuate on a daily basis. They are updated every day at 6 a.m. This modification is carried out by Indian petroleum corporations. If your vehicle runs on diesel, it is best to verify the rates before filling it up.

Factors that influence fuel prices in Hardoi

Here are the main factors that influence the fuel prices in Hardoi:

1. Crude oil cost

Crude oil, often known as unrefined oil, is a commodity traded on the international market. Changes in the price of this commodity have a direct impact on the price of gasoline and diesel in Hardoi. Crude oil prices fluctuate in response to changes in demand and supply. Furthermore, worldwide political connections, as well as future reserves and supplies, have a direct impact on crude oil prices.

2. Price charged to dealers

Oil Marketing Companies (OMCs) acquire and distribute crude oil. The price charged by OMCs to dealers is a major determinant of the pricing of fossil fuels. This price is also determined by a number of factors, such as shipping costs, refining costs, and so on.

3. Taxes

The sales tax or VAT is a fixed sum of money rather than a percentage. As a result, the duty is not affected by fluctuations in fuel prices. The Government of India has significantly increased excise duty in recent years.

The excise charge on diesel and petrol is levied by the central government. It should be noted that the central excise charge is a fixed sum of money rather than a percentage. As a result, the duty is not affected by fluctuations in fuel prices.

The Government of India has significantly increased excise duty in recent years.

4. Fuel demand

With the number of vehicles on Indian highways continuously increasing, so has the need for both diesel and petrol. Because Indian oil refineries purchase crude oil from the foreign market to turn it into diesel and petrol, supply cannot always be guaranteed. According to economic logic, when supply is low, and demand is high, the price of both fuels will rise in Hardoi.

5. Dealer commission

Oil Marketing Companies pay fuel retailers a commission. This commission covers the gas pump owners' earnings, costs, and profit. This is a factor that contributes to the cost of fuel in Hardoi.

6. Refinery consumption rate

The crude oil brought into India goes to refineries for processing. If the number of refineries is less, the total amount of petrol or diesel available for sale will reduce as well. This would also imply that the supply would be reduced, raising the price of the fuels.

Conclusion

You may use the Park+ app to keep track of the daily rise and fall in diesel, petrol, and CNG prices in Hardoi and across India. If you want to discover the current fuel price in Hardoi, simply log in, and type Hardoi into the search field.