Petrol price in Chandigarh has been fluctuating a lot these days, as prices of crude oil have been indicating a firm trend. It becomes even more important to check latest petrol price in Chandigarh, if you are heading for a long drive. You must already be aware about the fact that, petrol and diesel prices are revised regularly. So if you need to plan a long drive then it makes sense to check petrol price in Chandigarh.
The rupee has also slipped against the dollar, which has resulted in a rise of petrol prices in Chandigarh. It is speculated that the government is planning to reduce excise duties, to make the petrol price in Chandigarh a bit lower.
Petrol Price in Chandigarh
Chandigarh shares its borders across north, west and south by Punjab, and east by Haryana. The city which is a famous for its clean roads and greenery is spread over an area of 114 sq.km and has a great number of two wheelers and four wheelers. The petrol and diesel usage of city is increasing day by day due to the growing number of vehicles in the city.
The petrol price of Chandigarh is decided by the Excise Duty & Value Added Tax, Global Crude or Unrefined Oil Cost, Dealer Commission and Pollution Cess. Although these calculation criteria provide a top level understanding of Indian petrol pricing, let us know the details involved.
Cost of Global Crude Oil
As stated, India buys crude oil from countries where oil production happens and the nature of crude oil costs are dynamic which is changed depending on various factors such as supply shortages, increased demand, production cuts or geopolitical conflicts. The price we pay to purchase one litre of petrol in Chandigarh is determined by some of these factors. Any adjustment in the exchange rate of Indian currency and US dollar, affects both the Chandigarh’s petrol price and other cities across India.
Petrol prices include taxes that are paid by both the states and federal government. And also the central government charges excise duty on per litre of petrol.
Fuel stations or oil refineries are run to store and dispense petrol and diesel to customers for which the suppliers make a profit.