Fuel Price in Jalgaon
Jalgaon is a city in Maharashtra that is witnessing frequent changes in the price of petrol and diesel. With a huge population of 650,000 people (2011 census), the demand for fuel is rising at a rapid pace. People either own their own vehicles or are dependent on the public transportation system.
Thus, fluctuations in the price of petrol and diesel can have a significant affect on their budge. If you are a president of Jalgaon or planning to visit there, you must know about the current petrol and diesel prices in the city. And that's what this article is going to be about. Today, we will dicuss the accurate cost of fuel in Jalgaon along with the reasons affecting them. Read on!
Petrol price in Jalgaon
The petrol price in Jalgaon today is ₹105.19 per litre.
Diesel price in Jalgaon
The diesel price in Jalgaon today is ₹91.71 per litre.
Factors affecting the petrol and diesel prices in Jalgaon
International crude oil prices: Petrol and diesel prices fluctuate due to changes in crude oil prices in the international market. The price of crude oil is determined by many global factors and any changes are felt all over the world. Further, better quality crude costs more.
Functioning of the oil refineries: There are many reasons why petrol and diesel prices fluctuate including distribution, marketing, taxes, transportation, and refining. If the number of refineries that are active at any given moment is low, so is the production of refined oil. The shortages created by this lead to an increase in the price of petrol and diesel.
Profits of OMCs, dealers, etc. - Profits made by Oil Marketing Companies (OMCs), dealers and petrol pump owners are another factor that increases the prices of fuel.
The conversion rate of INR and Dollar: Another major factor that affects the price of petrol is the conversion rate from Indian Rupee to American Dollar. Since crude oil is bought with USD in international markets, fluctuations in the conversion rate have direct implications for the price of petrol in India. The Indian Rupee is weaker than the US Dollar and whenever it falls further the price of petrol increases.
Excise duty charged by the Central Government: India imports a large about of crude oil from foreign nations. Thus, the central government of India also levies heavy excise duty on crude oil.
6 VAT tax charged by the State Government: Another key factor that contributes to the change in the price of fuel in Jalgaon is the imposition of the VAT tax. Every state has levies its own VAT tax on petrol. 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.
- Freight charges: The charges for transporting petroleum products from refineries to the nearest hub or transport centre are also added to the final petrol prices.
Conclusion
Fuel prices are volatile and ever-changing. They play a huge role in any economy. So anyone who is mindful of the market must know the daily fuel prices. The Park+ App will help you follow the daily price of petrol, diesel and CNG at Jalgaon and see how it compares with other parts of India. All you have to do is download it and search for Jalgaon or any other location in India to get the fuel prices for the last 8 days.