Petrol and Diesel Price in Kullu
The economy of Kullu in Himachal Pradesh runs primarily on tourism and agriculture. Both these two sectors are transportation intensive. As a result, fuel prices also have a bearing on how the tourism and agricultural economies perform in Kullu and the rest of the state.
These high fuel prices are primarily a result of the unstable international economy and financial crisis owing to many reasons. Global supply chain instability coupled with the falling value of rupee has led to a steady increase in the price of fuel in India, including Himachal Pradesh and Kullu.
Petrol price in Kullu
The petrol price in Kullu today is ₹ 95.02 per litre (average). With daily fluctuations in the petrol prices in Kullu, it is difficult to predict when these prices will become more stable. It is likely to coincide with the overall price of fuel in different parts of India.
Diesel price in Kullu
Today's diesel price in Kullu is ₹ 87.22 per litre. Compared to several other states and districts in India, the cost of Diesel in Kullu is comparatively low. However, it can increase or decrease depending on various factors, most of which are beyond the control of the Indian government or oil manufacturing companies.
Fluctuations, tax bifurcations, impact on the economy
Fluctuations in fuel (petrol, diesel and CNG) prices make it difficult for the common people to predict the upcoming price of petrol, diesel or even CNG.
Most essential commodities are transported to cities from different locations across the country. Therefore, your personal travel gets affected, too, along with a hike in the price of fuel.
Major fluctuations in fuel prices like petrol and diesel occur with disruptions in the international market. The Russia and Ukraine war has disrupted the oil and gas supplies in many countries worldwide.
The COVID-19 crisis, severe lockdowns, and the aftermath of the pandemic have all impacted and resulted in high fuel prices in India.
However, fuel prices in India have been relatively low compared to most developed countries in the world.
To make fuel prices more affordable, the government can take steps to ease away the negative impacts and slightly reduce the burden of high fuel prices.
Factors Affecting Petrol Prices in Kullu
The following factors affect petrol prices in Kullu:
The cost of crude oil is a major factor in determining the price of petrol. Crude oil is the primary raw material used to produce petrol, and changes in the cost of crude oil directly impact the cost of petrol at the pump. Global factors such as changes in demand, supply disruptions, and geopolitical tensions can all influence the cost of crude oil.
Taxes imposed by governments also play a significant role in determining the price of petrol. Different countries have different tax structures, and these taxes can have a significant impact on the final price at the pump.
Currency exchange rates also affect the cost of petrol. As petrol prices are often quoted in US dollars, fluctuations in the value of the local currency can impact the final price.
The cost of petrol is affected by a complex interplay of global and domestic factors, including the cost of crude oil, refining costs, transportation costs, taxes, and currency exchange rates. Since none of these factors are independent of one another, any disruption in one area leads to an overall increase in the price of petrol, diesel, and CNG. In the recent past, global supply chain issues have contributed to the increase in the price of fuel in many parts of the world.
Conclusion
While fuel prices are continuously fluctuating, people can now take note of the updated prices of fuel in any city or state in India they are travelling to.
Park+ offers one of the easiest ways to find out the price of petrol, diesel, and CNG of any place you're traveling to.
You can download the Park+ app from the Google Play Store to enjoy hassle-free surfing and know the fuel price. If you are unable to download or access the app on the Play Store, you can view and use the website version of the Park+ app.