DayChange | Petrol-0.12 | Diesel-0.11 | CNG |
---|---|---|---|
Today | 95.53 | 81.37 | NA |
25 Nov | 95.65 | 81.48 | NA |
24 Nov | 95.43 | 81.28 | NA |
23 Nov | 95.43 | 81.28 | NA |
22 Nov | 95.43 | 81.28 | NA |
21 Nov | 95.43 | 81.28 | NA |
20 Nov | 95.43 | 81.28 | NA |
19 Nov | 95.43 | 81.28 | NA |
Note : there may be slight variations in prices across outlets within a city
Jammu is the largest city in the Jammu district, is home to many small industries, and follows the dynamic fuel pricing system’ introduced in India on 16.06.2017. The prices of crude oil have been changing very frequently, impacting the diesel and petrol price in Jammu. As fuel price in Jammu is revised daily, it is important for vehicle owners to know their prices. The oil marketing companies decide the fuel prices, which are later finalized by PPAC, also known as the Petroleum Planning and Analysis Cell. PPAC comes under the Ministry of Petroleum and Natural Gas.
The petrol price in Jammu today is ₹95.53. The demand for petrol is growing consistently, leading to an increase in petrol prices in Jammu. An imbalanced demand-supply cycle, increasing population, international crude oil cost, and high petrol demand are causing the price to escalate. In recent times, the price has been between 95.43 and 95.65 rupees. Petrol is exempt from GST, VAT, excise duty, and dealer commission are a few reasons for increasing retail petrol prices.
In India, the price of diesel always remains lower than petrol. The diesel base price is more than petrol, but due to the tax levied by the centre and the state governments, the petrol price always surpasses the diesel price. However, diesel does not fall under GST.
The fluctuations of crude oil prices worldwide affect the diesel price in Jammu. The current Jammu diesel price is ₹81.37. This price is bound to increase whenever the value rupee decreases against the dollar, and there is a global diesel price hike.
Like the rest of the country, Jammu has dynamic fuel pricing too. Daily, at 6 in the morning, the diesel and petrol rates are revised.
The changes in the global crude oil price, fuel demand, the daily revision of fuel prices, vehicular density, and the value of Indian currency all contribute to fuel prices. The fall of the worth of a rupee vs a dollar also impacts the rise of diesel and petrol prices in Jammu. High excise duty is also responsible for high fuel rates, along with the state taxes that add to the actual fuel price.
Diesel price is lower than petrol in Jammu and the rest of India. The government does this to ease the burden of fuel prices from public transport operators and farmers, who mostly use diesel for their automobiles.
Dynamic Fuel Pricing, which is followed in Jammu, depends on the currency exchange rate, crude oil price, taxes, etc. You can check the fuel prices in Jammu daily early morning using the Park+ app. Use Park+ app’s trip calculator to understand how much fuel price you need to pay for an upcoming trip. The most popular features of the app are buying or recharging a FASTag and checking eChallans from any location.
If you check the petrol price in Jammu today, you might find that it differs from yesterday. Tomorrow the price might again change. Using mobile apps like Park+ is the best way to track petrol and diesel prices. Furthermore, the top oil companies of India have ‘pump locator’ options on their websites, where you can check the fuel price. They also have an active SMS service where you have to send the dealer code to know the petrol and diesel price. There are also apps developed by oil companies.
In addition to the crude oil price and currency exchange rates, the diesel price in Jammu is affected by excise duty, dealer’s commission, import taxes, and freight charges. These are only some of the additional charges.
Apart from the central government, there are public sector oil companies or ORMs which decided the fuel price daily. These companies are Bharat Petroleum, Hindustan Petroleum, and Indian Oil. But the retail price of fuel in any state also depends on the taxes that a state levies. For example, in Jammu, the state government levies Value-Added-Tax OR VAT on diesel. This further increases the fuel price.