Lohardaga is a small district of Jharkhand. With an increasing population, there is a rise in the number of vehicles and commuters in the town.

Fuel prices play a major role in shaping the economy of the region. Industries, major businesses, trade and transport, and even the lives of citizens are dependent on the prices of petrol and diesel.

Increasing crude oil prices, the steady rise of the US dollar and the gradual fall of the Indian rupee has affected fuel prices all across the country. Petrol price in Lohardaga has seen its fair share of fluctuations during the year but has remained stable across the past week.

Petrol Price in Lohardaga

Petrol price in Lohardaga today is INR. 100.72 per litre. The price has remained almost steady in the past few days, the 30th of November being an exception when it dropped to INR. 100.47. Petrol prices in Lohardaga have remained steady over the past months. The lowest price recorded in the last 6 months is INR. 100.47.

In the month of December 2022, there has been no fluctuation in petrol prices in Lohardaga. In November the petrol prices in Lohardaga saw a decline from INR. 100.72 on 1st November to INR. 100.47 on November 30th. In the month of October, the petrol prices fell from INR. 100.72 on 1st October to INR. 100.61 on 31st October. The highest number was recorded on October 8th at INR. 100.78.

Diesel Price in Lohardaga

Today's diesel price in Lohardaga is INR. 95.53 per litre. The price has risen by 0.26 per cent as compared to INR. 95.28, which was the price during the close of last month.

Price of diesel in Lohardaga has remained stable in the past 7 days, except for the 30th of November, when it had dropped to INR. 95.28. The prices of diesel in Lohardaga have been fluctuating between INR. 95.28 and INR. 95.59 in the past 6 months.

The month of November saw a fall in the prices of diesel in Lohardaga from INR. 95.53 on 1st November to INR. 95.28 on 30th November. The month of October 2022, saw a falling trend in diesel prices from INR. 95.53 on 1st October to INR. 95.41 on 31st October. On the 8th of October 2022, the diesel prices in Lohardaga were at a record high, touching INR. 95.59.

CNG Price in Lohardaga

Today's CNG price in Lohardaga is INR. 78.61. Ever since the CNG-PNG project has been launched in Jharkhand, the demand for CNG and its popularity has risen in the state as well as in Lohardaga. It is mostly the farmers, taxi drivers and lower middle-class workers who use CNG widely in Lohardaga because of the low retail price. But since the demand for CNG has risen in the past few years, the government has to depend upon imported sources. This affects the prices and creates a dependence on international natural gas prices.

Factors Affecting Fuel Prices in Lohardaga

There are various factors which affect the fuel prices in a region:

• International cost of crude oil

• Central and state taxes

• Demand

• Refinery consumption ratio

• Rupee and dollar valuation

• Climatic and seasonal changes

Fuel prices are determined by public sector oil marketing companies (OMCs) such as Indian Oil, Hindustan Petroleum and Bharat Petroleum. Prices are also overseen by the Petroleum Planning and Analysis Cell (PPAC), which falls under the Ministry of Petroleum and Natural Gas.

Diesel and petrol prices are revised daily and price changes are updated at 6:00 a.m. every day. Due to differences in the tax structure of the Centre and the states, diesel prices in India have always remained much lower than petrol prices. In India, diesel is mostly used by farmers along with bus and truck fleets. To reduce the financial burden and transport costs for the farmers and transport fleet operators, the government keeps the price of diesel cheaper than that of petrol.

The price of fuel includes value-added tax (VAT), excise duty and dealer commission. It should be noted that diesel does not fall under the Goods and Services Tax (GST) ambit.

The rising costs of petrol and diesel in Lohardaga, have affected major businesses, industries, citizens and the economy of the region as a whole. Be it commuting to work or school, one has to keep in mind the rising costs of fuel and remain constantly updated.

Conclusion

The dynamic nature of fuel prices makes it difficult to keep track of them, especially when travelling frequently. Fuel prices vary from state to state and keeping track of them may be a hassle.

The Park+ website and the Park+ app are specifically designed keeping such concerns in mind. Simply log on to the Park+ website or download the Park+ app and you will be greeted by a search bar. Just enter the name of the location and the fuel price trends will be shown as requested.

Enable notifications to enjoy daily updates. The Park+ app will provide notifications of changes in fuel prices and comparisons of fuel prices and fluctuations all across India.

Fuel Prices in Lohardaga

Q1 How to know the petrol price in Lohardaga?

In order to keep track of the petrol price in Lohardaga, simply go to the Park+ website or download the Park+ app. Here you will be able to check the prices of petrol in Lohardaga and also in any other city in India. It is also possible to set a reminder on the app to stay updated on fuel price changes.

Q2 Why is CNG cheaper than Petrol and Diesel?

CNG or Compressed Natural Gas is a lot cheaper than diesel and petrol and hence it is considered a worthy alternative by many. Unlike petrol and diesel, CNG is independent of crude oil prices. The sources may be petroleum-based, but the process of transport and extraction is quite different. CNG isn't extracted from crude oil, unlike diesel and petrol.

Q3 What is the average fuel price in India?

The average fuel price in India or any other country varies from time to time. To know the average fuel price of a country or region, one can refer to a fuel price map. This shows all major states, cities and capitals where fuel is available along with their prices. There are various historical records shown in the form of charts or graphs, which represent the fuel price trends in a region over months or even a year.Lohardaga is a small district of Jharkhand. With an increasing population, there is a rise in the number of vehicles and commuters in the town.

Fuel prices play a major role in shaping the economy of the region. Industries, major businesses, trade and transport, and even the lives of citizens are dependent on the prices of petrol and diesel.

Increasing crude oil prices, the steady rise of the US dollar and the gradual fall of the Indian rupee has affected fuel prices all across the country. Petrol price in Lohardaga has seen its fair share of fluctuations during the year but has remained stable across the past week.

Petrol Price in Lohardaga

Petrol price in Lohardaga today is INR. 98.69 per litre.

Diesel Price in Lohardaga

Today's diesel price in Lohardaga is INR. 95.53 per litre.

Factors Affecting Fuel Prices in Lohardaga

There are various factors which affect the fuel prices in a region:

• International cost of crude oil

• Central and state taxes

• Demand

• Refinery consumption ratio

• Rupee and dollar valuation

• Climatic and seasonal changes

Fuel prices are determined by public sector oil marketing companies (OMCs) such as Indian Oil, Hindustan Petroleum and Bharat Petroleum. Prices are also overseen by the Petroleum Planning and Analysis Cell (PPAC), which falls under the Ministry of Petroleum and Natural Gas.

Diesel and petrol prices are revised daily and price changes are updated at 6:00 a.m. every day. Due to differences in the tax structure of the Centre and the states, diesel prices in India have always remained much lower than petrol prices. In India, diesel is mostly used by farmers along with bus and truck fleets. To reduce the financial burden and transport costs for the farmers and transport fleet operators, the government keeps the price of diesel cheaper than that of petrol.

The price of fuel includes value-added tax (VAT), excise duty and dealer commission. It should be noted that diesel does not fall under the Goods and Services Tax (GST) ambit.

The rising costs of petrol and diesel in Lohardaga, have affected major businesses, industries, citizens and the economy of the region as a whole. Be it commuting to work or school, one has to keep in mind the rising costs of fuel and remain constantly updated.

Conclusion

The dynamic nature of fuel prices makes it difficult to keep track of them, especially when travelling frequently. Fuel prices vary from state to state and keeping track of them may be a hassle.

The Park+ website and the Park+ app are specifically designed keeping such concerns in mind. Simply log on to the Park+ website or download the Park+ app and you will be greeted by a search bar. Just enter the name of the location and the fuel price trends will be shown as requested.

Enable notifications to enjoy daily updates. The Park+ app will provide notifications of changes in fuel prices and comparisons of fuel prices and fluctuations all across India.