Petrol and Diesel Price in Nanded
Nanded is the tenth-largest city in Maharashtra. It is witnessing rapid development and population growth, resulting in an increased demand for petrol and diesel.
When it comes to traveling in Nanded, there are a few ways to get around the city. The most popular way is by rickshaw. There are also taxis and buses. People also commute in their own vehicles. However, all these are affected by the rising petrol price in Nanded.
Are you a resident of Nanded? Or are you planning to visit the city in a few days? Either way, it is necessary to know the accurate fuel prices so that you can have an easy journey.
With that said, let’s take a look at the fuel prices in Nanded and what is causing the rise in fuel prices in this region.
Petrol Price in Nanded
With the alarming rise in petrol prices in Nanded today, the residents are feeling the financial strain, as petrol prices have recently risen to Rs. 105.81 per litre.
You can also check petrol rates for other areas of Maharashtra on our website today to see how they compare with the previous day's pricing data.
Diesel Price in Nanded
Today, the diesel price in Nanded, Maharashtra, is recorded at Rs. 92.31 per litre.
The citizens of Nanded are advised to be updated on any changing trends in diesel prices to budget for their necessities accordingly.
Factors Affecting Petrol Prices in Nanded
There are multiple factors that affect the prices of fuel in Nanded. In this section, we will have a close look at some of the most common ones:
Demographic reasons: Maharashtra is one of the largest consumers of petrol in India, with average petrol prices consistently higher than the national average. Due to its location and demographic shift trends, petrol prices in Maharashtra tend to be impacted by several socio-economic factors. The long-term influence can be traced to growth trends in industrial production, population density, and residence mobility.
International crude oil prices: Changes in international oil supply & demand further strengthen this interdependent relationship, forming the basis for medium-term price variations.
Excise duty charged by the Central Government of India: The Central government charges a significant amount of excise duty on all petroleum products. This leads to an increase in the price of petrol and diesel in Nanded.
VAT tax charged by the State Government: Every state levies its own VAT tax on petrol. Some levy high VAT tax and some states levy low tax. This is why you see a change in the price of petrol in different cities of the country.
Ultimately, all these factors are weighed on an individual level monthly or quarterly. So, each resident of Maharashtra needs to remain vigilant about localized changes in petrol prices over time.
Conclusion
Do you want to stay updated with petrol and diesel prices in Nanded? If yes, then download and log into the Park+ app today! The app helps you stay up-to-date with fuel prices in Nanded effortlessly. All you need to do is search for your desired city or district and the app will display all the necessary information within seconds.
Additionally, this app provides daily notifications to keep track of fuel prices across India and helps you compare different fluctuations in fuels too.