Petrol and Diesel Price in Hisar
Hisar, the city in the state of Haryana has been dubbed as the "magnet city" and falls under the NCR region. The petrol price in Hisar has been relatively stable for the last few months, with no major rise or fall in pricing. However, it is still necessary to keep a track of fuel prices in Hisar to manage your budget efficiently and plan your journey accordingly.
A couple of factors have an effect on the ascending and descending prices of petrol and diesel in the city. They include worldwide supply and demand for crude oil and the rate at which the INR is valued against the USD, etc. The final price people pay when at petrol stations is the result of many charges. This includes excise duties, freights, and the value at which petrol and diesel are being sold per barrel in the international market.
Let's have a look at the current petrol and diesel prices in Hisar and the factors affecting them!
Petrol Price in Hisar
The petrol price in Hisar today is Rs. 95.8/liter.
Diesel Price in Hisar
The diesel price in Hisar today is Rs. 88.63/litre.
Reasons for fuel price fluctuations in Hisar
India has been facing a challenging year in the fuel industry with prices increasing and falling every month. These unstable prices are a result of the larger geopolitical forces that are looming over the world. Everything from the Russian-Ukrainian war increasing the price of crude oil products to the worldwide economic slump and globally expanding inflation have factored into this.
As a mitigating measure, the Indian government earlier in 2022 had cut down on the excise duty fees being charged on fuels to help the economy spring back from the price surges. Economic experts speculate that another such step to curtail inflation might be coming as the price of crude oils are at their cheapest in the last 12 months. This could be good news for the common man who has been facing volatile fuel prices in the last year.
Some common factors affecting the fuel prices in Hisar include the central government's excise duty and the state government's VAT taxes. While the central government charges a fixed excise duty, the amount of VAT taxes varies from state to state. Some levy high VAT tax and some states levy low tax. This is why you see a change in the price of petrol in different cities of the country.
Similarly, crude oil needs to be refined and turned into petrol and diesel. This refining process is conducted by various oil refineries situated across the country. Since these refineries employ a large number of equipment, technology, and people they spend significant money on the entire process too. Thus, the refinery charges are also added to the final sales prices. This also increases the price of petrol and diesel in Hisar significantly.
As a traveler or a resident of the city, having accurate information about petrol and diesel prices in Hisar is crucial.
Conclusion
Keeping up with the Daily Diesel and Petrol price in Hisar is extremely easy with the Park+ App. Go to Play Store or App Store to download the app. You can obtain details about fuel prices in your city, as well as other cities and districts from Haryana. All you have to do is look up your city name. You also have the option to be notified of petrol and diesel prices as soon as they are updated every day. Don't miss out on important fuel price reductions or escalations by using the Park+ App.