Petrol, Diesel, and CNG Price in Gurgaon

Petrol, Diesel and CNG price in Gurgaon

Many of us often struggle to get our financials in order. The challenges get further compounded when there is an unprecedented rise in fuel prices. Fluctuating fuel prices not only affect the fuel bills but also cause an increase in the prices of essential commodities and household items. According to a LocalCircles survey, it was found that almost 51% of Indians try to cut down other expenses to accommodate their spending on petrol or diesel. Almost 14% of the respondents said that they often dip into their savings to pay for the rising fuel costs.

Petrol Price in Gurgaon

Today Petrol price in Gurgaon is INR 94.95 per liter. Given that Gurgaon is the heart of IT businesses, a working professional who commutes everyday should be conscious of Petrol price in Gurgaon. Traffic jams occur during peak office hours because of the large number of working professionals. According to a research, bad roads and traffic jams increase your fuel expense by 1.5 times.

Daily Fuel Price Monitoring with Park+

Since fluctuating fuel prices can have a direct impact on your life, daily monitoring becomes important. If you want to find out the daily diesel or petrol price in Gurgaon, it will be helpful to have an app like Park+. This app comes with a range of features to make your life easier. The fuel prices monitoring feature can be used to find out the daily petrol, diesel and CNG price in Gurgaon or any other city. This app can be used to –

• Get a detailed overview of the petrol, diesel and CNG prices in Gurgaon or any other city
• Monitor any fluctuations in fuel prices from the previous days.

• Search for the fuel prices of various cities to find out where it would be the cheapest.

Using Park+, you can stay on top of the changing fuel prices and make better decisions. It will also allow you to manage your budget more efficiently.

How are petrol, diesel prices determined, and why are they so volatile?

Look at the fuel prices of any city and you’ll notice that they are very volatile and ever-changing. This is largely because of the Dynamic Pricing System, which replaced the Administrative Price Mechanism in 2017. According to this system, the fuel prices are revised every morning at 6 am rather than every 14 days. This approach was implemented so that both consumers and dealers may profit from even the tiniest changes in the world oil market. It also prevented the huge leaps in prices, which was common with the APM system.

If you search for the CNG price in Gurgaon today through Park+, you will find that it is markedly different from prices recorded a month back. The changes in the rates of petrol and diesel are dependent on the following factors –

• Cost of crude oil.
• Taxes imposed by Centre and State.
• Dealer Commission.
• VAT (usually different from one state to another)