Note : there may be slight variations in prices across outlets within a city
New Delhi, the capital of India, is the seat of the various branches of the government, including the executive, judiciary, and legislative. The third largest city in India, New Delhi, has become a choice for many in terms of real estate, investment, Information Technology, and healthcare, among others. The petrol price in New Delhi, along with CNG and diesel prices, is an important aspect to the residents and visitors of this city.
Petrol price in New Delhi today is INR 96.72 per litre. The petrol price hit a new peak of INR109.69 in November 2021. The petrol price in New Delhi has stagnated over the last six months.
Before filling the car fuel tank with petrol to the brim, it may be advisable to check the price of petrol in New Delhi. The Park+ app is an easy way to do this.
Today, the diesel price in New Delhi is INR 89.62 per litre.
Diesel is a vital part of India’s economy as it is used in public transportation, boats, machines, generators, manufacturing, logistics, and even private vehicles.
The difference in the prices of petrol and diesel is attributed to:
· Diesel is easier to refine from crude oil as it is heavier and less volatile
· The Indian government levies more taxes on petrol, like VAT and Excise Duty, making it costlier than diesel.
These factors are important in determining the price of diesel, not only in India but globally as well.
Diesel vehicles are more fuel efficient than petrol ones, leading to more mileage from a full tank. Diesel is also environmentally friendly, emitting less carbon dioxide. Most importantly, diesel prices are less susceptible to price fluctuations than petrol. All these are good reasons to opt for diesel as a fuel. The Park+ app is a simple way to check the price of diesel in New Delhi.
The petrol prices today are highest in the states of Andhra Pradesh (INR110.48), Telangana (INR109.66), and Maharashtra (INR109.24). Why is the cost of petrol in these states higher than in New Delhi?
The factors that may have an effect on the price of petrol are:
· the Rupee-US dollar exchange rate,
· the price of crude oil,
· global trends
· the demand and supply of petrol
These factors apply also to global petrol prices.
Other factors include the dealer’s cost, the dealer’s commission, pumping charges, and most importantly, taxes charged by central and state governments.
The taxes by the central government relate to the production of petroleum products, while the states’ taxes relate to the sale. The central tax on petrol remains constant for all states and the taxes levied by the states differ, causing a difference in retail fuel prices across India.
In New Delhi, the total tax imposed on petrol prices is the sum of Central Excise Duty and Value Added Tax (VAT). The New Delhi government reduced the VAT on petrol to 19.40% from 30% in November 2021. So, VAT is an essential aspect of petrol prices in New Delhi.
As a wise and informed customer, staying ahead of fluctuations in fuel prices is a smart way to easily adapt to any consequences of the changes. Park+ makes it simple and easy to check the prices of petrol, diesel, and CNG in any city in India. You can also get to know the fluctuation in fuel prices, making it easy to compare.
The Park+ app offers a host of other services related to cars, like online booking of parking, purchase, and recharge of FASTag. It also offers services like the status of e-challan and payment, purchase of insurance, as well as information on car loans.
Fuel prices tend to fluctuate quite frequently. This is usually because of certain factors like:
The final rate of fuel is decided after VAT, excise duty and dealer commission are added. Since VAT usually varies from state to state, the prices vary in different cities of India too.
Monitoring the daily changes in the prices of petrol and diesel in your city is important, as it could have a huge impact on your expenses. Higher petrol/diesel prices do not only translate into higher transport costs, but they can also increase the prices of essential commodities and goods.
To check the daily petrol and diesel prices in Delhi, you can download the Park+ app from Google Play Store and Apple Store today. All you have to do is enter the name of your city, and you will be provided with a list of the latest figures on petrol and diesel prices. You will also be able to see whether it has gone up or down from the previous day's figures.