Note : there may be slight variations in prices across outlets within a city
An increase in the price of fuel can have a huge effect on everybody's life, whether it is regarding the petrol price in Lucknow or anywhere else in the country, an increase in price increases your expenditure.
Moreover, if you own a vehicle, you end up paying more for the petrol pump. Apart from this, public transport can also take a hit and spike its fare rates.
The fuel you purchase at the petrol pump has many charges added to it. Broadly speaking, these charges include:
VAT (Value Added Tax)
Once all three are added together, the crude price of petrol increases by 40 to 50 per cent. As a result, you end up paying a higher retail price for petrol.
There are other factors which also influence petrol and diesel prices. Factors like fuel demand, global economic events, US Dollar rate of exchange, crisis, emergency etc. impact the price of fuel where you live.
In addition to crude oil prices, the rupee has fallen against the US dollar. This has made the petrol price in Lucknow even more expensive. The solution lies in the government's decision to reduce excise duty. In this manner, petrol can become a more accessible commodity for the ordinary citizens.
Every state in India has different fuel rates and prices. This is because the local taxation varies from state to state. However, it is important to note that fuel prices in India as a whole are affected by international prices.
Some states in India have higher petrol prices, like -
While on the other hand, some states have higher diesel prices, like:
On 22nd May 2022, the government of India introduced an 8 rupees per litre cut for petrol. In addition to that, for diesel the cut is 6 rupees a litre. As a result, citizens experienced some relief in petrol rates.
Keeping track of fuel prices can help you in managing your personal budgets. Sadly, when fuel prices stay inflated for longer periods, they affect every aspect of your life. This includes the price of groceries, power, water and electricity.
In addition to that, higher fuel prices mean you will have to restrict your travel. While this is inconvenient, it is also a good reminder to be conscious of the environment. Fossil fuels are exhaustible resources. They also add to air pollution.
The high petrol price in Lucknow today is largely volatile. This is majorly due to the prices of crude oil, which are exhibiting a firm trend. Given the unpredictability of petrol prices in Lucknow, it is essential to keep track of the petrol rates.
Furthermore, this is even more important for those planning a long drive. Petrol and diesel price in Lucknow is updated every day.
These are the top Indian states with the lowest fuel prices. First, take a look at the states with the lowest petrol rates:
The states listed below have the lowest diesel prices in the entire country:
Staying updated on the petrol and diesel rates will help you plan your expenses better. To get more information about fuel prices, you can download this app. Moreover, this app will help you with your RTO or eChallan requirements, similar to the mParivahan app.