Petrol and Diesel Price in Pune

Pune, Maharashtra’s second-biggest city, is also one of India’s most populated cities. The number of vehicles and the demand for petrol, diesel, and CNG is increasing with each passing day. Diesel and petrol price in Pune is revised at 6 a.m. daily, along with the rest of the country. The daily prices may only increase by a few paise per day., but this can add to your monthly expenditure significantly, especially if you need to refuel your vehicle’s tank daily.

Petrol price in Pune

The petrol price in Pune today is ₹ 103.75, which has been almost the same for the last few days. Though the price may vary slightly in different locations within Pune too. Public oil marketing companies like Bharat Petroleum, Shell Oil, Indian Oil, and Hindusthan Oil mostly get to decide what the petrol price in Pune for the day is going to be.

The petrol price in Pune has been shifting according to the shift in the price of crude oil in the global market. Our country does not produce petrol and has to import it. When considering the historical pricing trend of Pune petrol cost shows that the price is climbing upwards. This is also because the gap in the value of the rupee and the dollar has increased. The government can help bring relief to the citizens by lowering excise duty if the falling value of the rupee cannot be controlled.

Diesel price in Pune

Diesel price in Pune today is ₹ 90.29, which has remained relatively stable for a few days. We must remember that fuel prices are de-regularised now, which means the government does not have much control over the pricing. It cannot increase or decrease the base price. The international crude oil market condition directly impacts the fuel price in Pune. After India purchases crude oil, it goes through purification and distillation for turning it into diesel.

Both state and central government levies taxes that double the diesel and other fuel prices in Pune. If they reduce the excise duty, the Pune diesel price will be a little more affordable. The major deciding factors of diesel price are crude oil price, taxation, transportation cost for the processing of crude oil, and commissions of oil marketing companies and dealers. All these are included in the retail selling price of diesel that you pay in Pune.

Factors determining fuel price in Pune

So you might be wondering how the fuel price in Pune can change almost daily. From June 217, India has started following the dynamic fuel pricing method. The plus point of this system is that the pricing of fuels has become much more transparent for all citizens. You can easily track price fluctuations in multiple ways, using the websites and SMS services of the different private and public oil companies.

But diesel and petrol price has to increase when the price of crude oil increases in the international market. After all, crude oil is the main component of both petrol and diesel. Multiple factors contribute to the pricing of fuel costs. Some of these are the currency exchange rate, i.e. the value of the rupee against the dollar, demand for petrol or diesel in the market, and crude oil cost. Value of the rupee has been constantly declining against the US currency. This is a major reason petrol or diesel price continuously increases.

Pune's petrol and diesel fuel prices include the Maharashtra taxes and central excise duties. The retail price increases quite a lot after the addition of VAT, excise duty, and dealer commission.

Conclusion

The petrol and diesel price in Pune can change every week or even every day. So if you have to drive around Pune a lot, wouldn’t you want to stay updated about fuel price changes? If you want to know the latest petrol and diesel prices in Pune, download the Park+ app immediately. It is the most convenient way of knowing Pune fuel prices, without having to do any calculations.