Petrol, Diesel Price in Ballia
The prices of diesel and petrol have been fluctuating in India, especially after the latest price revisions implemented by OMC or Oil Marketing Corporations. Fuel experts from different parts of the world are of the opinion that the high and intensive rise of diesel and petrol prices is bound to have far-fetching impacts. They feel the price rise will deeply affect the everyday life of Indians living in different cities for sure.
The prices of crude oil are on the rise all over the world, which has a rippling effect on the prices of diesel and petrol. Along with every other district and city, Ballia is also experiencing significant changes in fuel prices. And since the petrol and diesel prices affect the cost of everything, it is important to be aware of the accurate fuel prices in your city.
Whether you are a resident of Ballia or planning a trip there, it makes sense to double-check the latest petrol and diesel price in Ballia before starting your journey. And that's what we are going to talk about in this article. Read on!
Petrol Price in Ballia
The petrol price in Ballia today is Rupees 96.18 for every litre. Petrol price in Ballia is fluctuating between INR 95.76 and INR 96.18 for the past eight days.
Diesel Price in Ballia
The diesel price in Ballia, is Rs. 89.17 per litre. The diesel price in Ballia has moved between Rs.
The diesel prices are cheaper than that of petrol in Ballia and other parts of the country as the latter is a more refined form of fuel.
Reasons for Fluctuations in Fuel Prices in Ballia
Now that we have talked about the latest petrol and diesel price in Ballia, it is important to understand the reasons behind these fluctuations. There are several internal and external factors that affect fuel prices in a city. Let's have a look at some of them:
Crude Oil Price and the exchange rate between the US dollar and Indian Rupee: These are the two biggest reasons for fluctuations in fuel prices in Ballia. The increase in crude oil prices in the global markets and the downfall of the INR against the Dollar. For example, most of the crude oil is supplied by OPEC countries. When there is uncertainty or issues in any of these countries, a shortage in the supply of crude oil happens. So, the price of crude oil increases in the international market. This ultimately leads to an increase in petrol and diesel price in Ballia.
Excise duty imposed by the central government: In India, the central governments import a large amount of crude oil from foreign nations. Thus, the citizens must pay heavy excise duty on petrol and diesel.
State’s VAT tax: It is another key factor that contributes to the change in the price of petrol is the imposition of the VAT tax. The State governments impose their own VAT tax on the prices of petrol and diesel. It is imperative to note that the VAT differs from one state to another.
Along with these factors, refinery charges and dealers' commissions are added to the final price of petrol and diesel in Ballia.
Conclusion
So there you have it - that was all about the petrol and diesel price in Ballia and the reasons why it fluctuates frequently.
Do you want to be updated about the recent changes in the diesel and petrol prices in Ballia? If yes, then consider downloading the Park+ app from AppStore or Google Play Store today!
The Park+ app is your one-stop solution for all your car and fuel-related inquiries. It allows users to check the latest fuel prices in their city, and compare them with the previous day or a few days earlier. You have to simply enter the place name to find the fuel prices for that city or district. You can also turn on the notification for your city and be updated about the changes in the fuel prices there.
So download the app today and enjoy all the benefits!