Diesel Price in Ambala
Diesel price in Ambala, a city in the state of Haryana, India, is composed of various elements. If you’re wondering why diesel price in Ambala changes on a daily basis, you’re at a right place. Here we discuss various components that make-up diesel price in Ambala along with the factors that affect the price in the city on a regular basis.
Components Involved in Diesel Pricing in Ambala
The major raw material for diesel is crude oil. Currently, more than 70% of India’s crude oil requirements are met through imports. Thus the price of crude oil in the international market forms the base component of diesel price in India. Further, foreign currency exchange rate is another major component of diesel price as crude oil is typically traded in US dollars. In order to convert the dollars into Indian rupees, the current currency exchange rate will be considered on a daily basis.
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The Indian oil marketing companies (OMCs) then purchase the crude oil from the international market and conduct refining activities to refine the oil from crude stage to diesel and other fuel products. The refined crude is then sold to the dealers. The oil refining sector comprises of both public and private companies. However, the three state-owned companies Bharat Petroleum (BPCL), Indian Oil (IOCL) and Hindustan Private Corporate Limited (HPCL) control over 95% market share of the sector, while the remaining market is served by two private sector companies, Reliance Industries and Essar.
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Dealers or petrol pump owners are the individuals or businesses that own petrol stations. They sell diesel to end users at retail prices, which comprises of base prices, taxes and profit margins of both OMCs and dealers.
The journey of diesel from crude form to petrol pumps is as mentioned below. Indian OMCs purchase crude oil from other countries by crude oil price per barrel of oil along with freight and transportation charge. The oil will be transported over the ocean from international ports to Indian ports.
From the ports, the oil will be transported to refineries to extract diesel, petrol and other fuel products. The oil refining cost, also known as refinery transfer price, will be paid by the OMCs to the refineries. Before selling the refined diesel to the dealers, OMCs will add taxes applicable on diesel at the central level. The central government currently collects an excise duty of Rs.15.33 on every litre of diesel sold in the country. The same will be added to the price of diesel, on a cost plus profit basis, before it is sold to the dealers.
Once the dealers own the diesel, they will then transport the same from refineries to their respective petrol pumps, thus add transportation charges to the cost of the petrol. They further add taxes at state level, their profit margin, pollution cess, surcharge and other to the cost price of the petrol before selling it to the end consumers.
The state of Haryana, to which the city of Ambala belongs to, currently collects an value added tax (VAT) of 17.22% per litre of diesel sold in the state.
Why does Diesel Price in Ambala Change Every Day?
Well, if you look at various components involved in diesel pricing in India, few are dynamic in nature. They are the international crude oil price and Indian rupee to US dollar currency exchange rate. They change dynamically with respect to the current market conditions.
Ever since Indian government has introduced dynamic fuel pricing mechanism in the country, diesel price at the domestic level is being aligned with the international crude oil prices. The new pricing mechanism, as opposed to previous fortnightly revision of diesel prices prevents the instances of sudden hike or fall in diesel prices. It further improves transparency in diesel pricing in India and makes sure even the slightest benefit in fuel price is passed to the end consumer.
Thus the Indian oil companies consider the closing price of Indian crude oil basket and currency exchange rate on the previous day to calculate diesel price in Ambala today. The revised price will be updated to all petrol dealers, who are supposed to update the same by 6 a.m. every day at their respective petrol stations. While the automated fuel stations get an auto update of revised prices, the non-automated stations update the diesel rate in Ambala manually.
How to Find Diesel Price every day?
To make the most of the daily revision of fuel prices, a consumer can track the diesel prices in Ambala every day and fill their tanks when the fuel price in relatively low. Tracking diesel price is particularly useful for people purchasing fuel on a daily basis. If you are one among them here are a few easy ways to know diesel price every day without visiting any petrol station.
- Download mobile app – The Indian OMCs have launched mobile apps to serve their customers in a better way. Indian Oil customers can download the Fuel@IOC app, Bharat Petroleum users have the SmartDrive app and Hindustan Petroleum consumers can download MYHPCL to know the current price of diesel sold in their respective stations.
- SMS service – The companies have also introduced an SMS service to know diesel price at their respective fuel stations. Based on the company, consumers can send a text message in the formats mentioned below.
- For diesel price at Indian Oil outlets, SMS RSP
dealer code to 9224992249
- For diesel price at BP outlets, RSP< SPACE > dealer code to 9223112222
- For diesel price at HP outlets, HPPRICE dealer code to 9222201122
The dealer code is typically displayed at the respective petrol pumps. In case, you don’t find the dealer code displayed, you can check at the petrol station to know the same.
- OMC’s Websites – If you have an internet-enabled mobile handy, you can directly visit the oil company’s official websites to find the diesel price.
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*Disclaimer: BankBazaar makes no guarantee or warranty on the accuracy of the data provided on this page, the prevailing prices are susceptible to change and provided on an as-is basis. We accept no liability for any loss arising from the use of the data contained on this website.