Petrol, Diesel Price in Osmanabad

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DayChange

Petrol-0.02

Diesel-0.01

CNG

Today104.8391.36NA
30 Oct104.8591.37NA
29 Oct105.2891.79NA
28 Oct104.8391.36NA
27 Oct105.2891.79NA
26 Oct105.2891.79NA
25 Oct105.2891.79NA
24 Oct104.8391.36NA

Note : there may be slight variations in prices across outlets within a city

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The price of petrol and diesel in Osmanabad has been rising for the past few months. Whether you are a resident of the district or are travelling there, knowing about the exact petrol and diesel prices is essential.

The state's government has established a goal to reduce prices by at least 20% from its current levels, which means that the petrol price in Osmanabad will come down in the coming days. However, until that happens, it is essential to closely monitor the functions of the petrol and diesel price in Osmanabad.

Read on to know more about the recent fuel price changes in Osmanabad and how they are impacting the people living there.

Petrol price in Osmanabad

To be exact, the petrol price in Osmanabad today is INR 104.83 per litre. It should also be noted that the fuel cost in Osmanabad increased by ₹1 last week. Thus, the recent decreases in the cost are highly welcomed by the residents as well as the travelers.

One of the biggest reasons why the district is experiencing high fuel prices is the shutting down of one of the prominent refineries. In Osmanabad, there is a fuel shortage after the closure of one of the largest refineries in India by Reliance Industries Ltd (RIL). This has resulted in higher demand and lower supply, causing a steep rise in fuel prices.

Diesel price in Osmanabad

Today's diesel price in Osmanabad is INR 91.36 per litre. State taxes are included in the pricing of both gasoline and diesel.

The government has reduced taxes on gasoline and diesel by Rs 2 per litre recently.

On the other hand, there was a marginal increase in diesel prices at different stations across Maharashtra due to an increase in transportation charges by oil marketing companies (OMCs).

Factors affecting the fuel prices in Osmanabad

There are a variety of different factors that cause fluctuations in petrol and diesel prices. Let's have a look at some of them:

  • The value difference between the Dollar and the Rupee - The US Dollar is used as the standard currently for valuing crude oil in international markets. The weakening of the Indian Rupee against the Dollar impacts fuel prices in India.

  • Central government's excise duty: India imports a large about of crude oil from foreign nations. So, the central government of India has to levy heavy excise duty on crude oil.

  • State’s VAT tax: The imposition of the VAT tax by the state government also plays a crucial role in determining the fuel prices in Osmanabad.

  • Dealer’s commission – Fuel dealers bring the fuel to the retail stations from the supply stations. Depending on the distance the dealers have to travel, the dealer’s commission increases or decreases.

How do the increasing fuel prices affect the people of Osmanabad?

When the price of petroleum products goes up, it is not only bad news for people who need to transport themselves but also affects our daily lives. The higher the prices, the more we spend on fundamental needs, including food, shelter, and transportation.

The rising fuel cost has made life difficult for those who use public transportation or drive their vehicles. The price of petrol has increased by almost 50% in the last year, while diesel prices have increased by 20% over the same period.

Conclusion

Park+ is an app that helps you check petrol and diesel prices and save money. It has a handy feature that allows you to find the closest petrol pumps or diesel stations with their display prices. The app also has a fuel price tracker that keeps track of all your fuel purchases.

All you need to do is simply download the app and search for your city or district. You will be able to see the accurate petrol and diesel prices immediately. Not only this but you can also enable notifications for your city or district, so you never miss out on important fuel price changes.

FAQs

What is the general opinion on the petrol price in Osmanabad?

The petrol price in Osmanabad is very high. The government is aware of it and is trying to reduce the price of petrol to a level people can afford. The government has done an excellent job by reducing the price of petrol. Still, they should increase fuel taxes like diesel, kerosene, and cooking gas. Therefore, if we reduce the diesel price, people will not be incentivized to switch over to other fuels like kerosene or cooking gas as they will not be able to afford them.

What will the petrol price be in the next 3 months?

The government of India has banned diesel cars with petrol engines. The reason behind this ban is that the government wants to reduce pollution, and this ban will help them achieve their goal. Moreover, there is a petrol shortage in many parts of India, which makes it complicated to get petrol from anywhere else but from India itself. So if you plan to buy any vehicle, you should know about the current state of affairs regarding petrol prices in India for your convenience.

How does the petrol price affect life and work?

There has been a recent increase in the price of gasoline. One of the critical elements that impact our lives is the price of gasoline. It can either help or damage business and work. Price changes affect the whole economy, especially those industries dependent on oil products and services. For example, if the petrol price increases, it will increase the cost of transportation; this will affect not only individuals but also companies.