Hojai is a small town in Assam, a northeastern state of India. Both the district and the town of Hojai have a small population. According to the 2011 census, the population is 36,638 with a density of 1,700/sq km (4,500/sq mi). But it is an important centre for agriculture and industry in the state. In recent years it has also risen as an important tourist destination. So the petrol price in Hojai affects all these aspects of the local economy as well as the rest of Assam. For a multitude of factors, the petrol price has become unstable here. If you intend to travel in the region make sure to check the petrol and diesel prices first to ensure a smooth trip.

Petrol price in Hojai

Crude oil prices are rising internationally, and the rupee is taking a hit compared to the dollar. As a result, domestic petrol prices are skyrocketing. The price of petrol in the state of Assam has remained relatively unchanged through October and this could be because of local factors like demand for oil. But in Hojai the local demand for petrol is higher than in other parts of the state. Petrol price in Hojai today was ₹97.9 per litre. Although like the rest of the state the petrol price has been stable in Hojai over the previous week between ₹97.53 and ₹98.04 per litre. The rises and falls in fuel prices are hard to predict. But they are very important as they have a direct impact on the prices of all commodities.

When fuel prices fluctuate people are naturally worried because of the uncertainty it brings. Many factors affecting fuel prices can have local origins or national and international origins. Crude oil prices vary in the international markets due to many political and practical reasons. Any variation in the supply and prices of crude oil has direct impact on the prices of fuel. Oil Marketing Companies (OMCs) acquire crude oil and sell it to dealers and increases in these prices are rolled on to customers. Since the dealers and petrol pump owners also make a profit, it inflates the prices of fuel.

Diesel price in Hojai

Diesel is usually cheaper than petrol as petrol requires a costlier refining process. Plus the taxes on the import of diesel is lower. As a result, the overall cost of diesel remains lower than petrol whether it is imported or refined from crude oil in the country itself. The diesel price in Hojai has been relatively stable between ₹89.78 and ₹90.29 per litre over the last week. Today's Diesel Price in Hojai is ₹90.29 per litre. While this is not a large increase it could have an impact on prices across the board if the trend continues to be upward.

The amount of crude oil refined in India can depend on the number of active refineries. If fewer refineries are functional, the supply of refined petroleum cannot fulfil the demand and prices rise. Finally, crude oil is purchased in the international markets in American Dollars. For a multitude of economic and geopolitical reasons, the value of the Indian Rupee against the American Dollar can change affecting the prices of crude oil for India. The result is that when you go to the petrol pump you have to pay higher prices. Everything else you buy costs more, as raw materials have to be transported at a higher cost. Hojai sees changes in its refined fuel prices for all the reasons mentioned above.

Conclusion

Fuel prices are decided for many reasons, and it is impossible for everyone to stay abreast of all of them. Instead, you can start with the simplest act of keeping track of the daily prices of fuel. All you have to do is open the Park+ App and type in Hojai. Immediately you can see the price of petrol and diesel for the day in Hojai with no trouble at all. So download the Park+ App and follow the daily petrol prices, and the fluctuations in oil prices across India or compare across areas. With this app you can stay on top of all you need to know about the prices of fuel and make informed decisions.