Demand For Fuel

parkplusio [{ "selector": ".idasi-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".jdwpw-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Taxes Imposed By The Government

parkplusio [{ "selector": ".ifupr-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".uglrp-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Valuation Of INR Against USD

parkplusio [{ "selector": ".xfimn-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".jlgto-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Cost of Crude Oil

parkplusio [{ "selector": ".mzamz-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".cmxla-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Price Charged To Dealers

parkplusio [{ "selector": ".wibkf-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".kftjm-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

To Book A Test Drive Click On The Link Below parkplusio Spin Now & Win!

READ MORE

5 Factors Affecting Fuel Prices In India

parkplusio

Demand For Fuel

Economic logic dictates that when supply is constrained and demand is high, both fuel prices must rise.

Taxes Imposed By The Government

There are certain policies that the centre may use as justification for changing the tax system. The marginal returns from fossil fuels and the recovery of losses are the key drivers of change in this system.

Valuation Of INR Against USD

The crude oil that is converted into petrol and diesel is purchased from the global market and paid for using dollars. Thus, a direct factor is the USD's strength relative to the INR.

Cost of Crude Oil

Unrefined oil, sometimes known as crude oil, is a commodity traded on the global market. The price of fuel and diesel in our nation is directly impacted by variations in the cost of this product.

Price Charged To Dealers

The Oil Marketing Companies (OMCs) buy the crude oil and sell it. An major component in determining the price of fossil fuels is the fee that OMCs impose to dealers.