Petrol and Diesel Price in Pratapgarh

The petrol price in Pratapgarh is among the highest in the country. However, no change was recorded in the price over the last few days. Pratapgargh is known for having the country's highest fuel prices due to the government's increased state and central taxes that have a big say in the final prices of fuel.

The new fuel pricing model is popularly known as dynamic fuel pricing. Now the state-owned oil marketing companies are in charge of setting the fuel price. The regular revision in prices significantly benefits dealers and consumers by adding transparency to fuel pricing. However, even a slight change in the rates of crude oil in the global market is reflected in domestic prices. Petrol price in Pratapgarh changes every day so keeping track of the changes is important.

Petrol price in Pratapgarh

The current petrol price in Pratapgarh is ₹95.26 for every liter.However, in other parts of Rajasthan, the prices have fluctuated. It is primarily because of the inclusion of state taxes in the fuel price.

Diesel price in Pratapgarh

Today diesel price in Pratapgarh is ₹88.43 per liter. The price is currently steady but it is having a severe impact on transport service providers. The retail price of fuel in any state includes state taxes and dealer commissions.

In the last few months, the regular increase in fuel prices has severely affected pockets of households. People are spending more on fuel as a result of cutting expenses on other items. If this trend continues the GDP of the country will plunge further.

Reasons behind the steep rise in fuel prices in the country

In India, the prices of all essential commodities and services have skyrocketed. This is creating a major challenge for both businesses and consumers. People are cutting down on their expenses which is lowering demand in the market. Businesses are finding it hard to manage expenses and are passing the price hike to the customers. The rising fuel price is making Indians feel the impact at the pump real heart. Consumers in all categories of products have less money to spend. Diesel has always been the lifeblood of the economy, power, and transportation. So it is an essential aspect of the economy. The rising prices of all forms of products and services show the impact of high fuel prices.

Crude oil becomes expensive in the global market

The increase in the price of fuel is mostly because of the rise in the fuel crisis in the global market. The war between Ukraine and Russia has further raised the price of crude oil. Further, the state taxes and dealer commission add up with the fuel price.

High consumption of fuel in the country

Post-pandemic the consumption of fuel throughout the country has increased significantly. As people began stepping coming out of the house. The number of vehicles on the road grew by several folds. As a result, there was a steady surge in demand for both petrol and diesel. India ranks third in terms of fuel consumption. However, the refineries cannot produce sufficient fuel. More than 80% of petrol and diesel is imported from outside. This further increases the import bills of the country.

The declining value of the rupee

Another factor responsible for the increasing price of fuel is the falling value of the rupee against the dollar. RBI is selling dollars from the Forex reserve to keep up with the falling value of the rupee. All these factors together are contributing to the rising price of fuel.

The increasing price of everyday commodities

As the purchasing power of the common people decline the GDP will also fall. If the state government reduces the value-added tax on fuel the price will come down significantly. It is surprising to note that taxes and dealer commissions make up for over ₹30 in fuel price. Revenue collection from the petrol sector is quite high helping the government to recover from the losses during the pandemic period. But it is causing an equal amount of damage in the form of domestic inflation.

Conclusion

Now it is essential to keep track of the fluctuating prices of diesel and petrol in Pratpagrah. Using the Park+ app or through the website, users can check the fuel prices conveniently. It is helpful in planning the monthly budget beforehand. Here users can also compare and check historical prices of fuel.