Petrol Price In Ambala Today

  • Today's Petrol Price ( 26 Oct 2021 )

    ₹ 104.53
    Current Petrol Price Per Litre

    Compare Petrol Price in Ambala (Today & Yesterday)

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    Petrol ( / litre) ₹ 104.53 ₹ 104.53 ₹ 0 ↑

    Petrol Price in Ambala - Last 10 Days Data

    Date Petrol ( / litre)
    26 Oct 2021 ₹ 104.53
    25 Oct 2021 ₹ 104.53
    24 Oct 2021 ₹ 104.53
    23 Oct 2021 ₹ 104.19
    22 Oct 2021 ₹ 103.85
    21 Oct 2021 ₹ 103.51
    20 Oct 2021 ₹ 103.18
    19 Oct 2021 ₹ 102.84
    18 Oct 2021 ₹ 102.16
    17 Oct 2021 ₹ 102.16

    Petrol Rate Trend

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    Petrol Price In Ambala

    The petrol price in Ambala has been fluctuating in the recent months due to various reasons. The primary component of the varying fuel rates is the international crude oil prices. However, this isn’t the sole determining factor. There are many others too.

    Before we understand about them and learn how fuel rates fixed in India, here is a quick introduction to Ambala as well as its economic growth.

    Ambala is amongst the 22 districts in the state of Haryana with 2 sub-divisions:

    • Ambala sub-division
    • Naraingarh sub-division

    These are divided further into tehsils. Situated at the Indo-Gangetic Plains, Ambala is conducive and fertile to agriculture. Nevertheless, the primary sectors contribute much less to the overall economy of this city than to Haryana.

    The city is not only well known for its small-scale industries but also one of the biggest producers of surgical and scientific instruments in India. Popular for its numerable scientific instrument producers, Ambala manufactures instruments and microscopes that are widely used in laboratories.

    Apart from these, it also manufactures submersible mixers, grinders, and pumps. Also, it is a vital trading center for textile business.

    Factors That Affect Petrol Price In Ambala

    Though there are multiple factors that affect the petrol rates in any region in India, the most important ones are listed below:

    1. The Price Of The Crude Oil

    Popularly known as “Black Gold,” Crude Oil is one of the key elements in determining the price of petrol in a country. It is one of the precious commodities in the world, whose rate affects the fuel prices in the Indian domestic market. However, the price revision might not be affecting directly, as there are many other factors involved too.

    2. Increase In Demand

    The general rule is that whenever there is an increase in demand, the price of a commodity automatically increases. So, a commodity like fuel is no exception. As far as some developing nations like India and China are considered, the economy poses an increasing growth. No wonder Indian residents face unexpected spikes in petrol and diesel prices.

    3. Climatic Conditions

    Bad weather conditions or natural disasters can affect the oil-producing countries in a great way. Since their amenities are destroyed, the consequences are not only immediate but also affects many other countries vastly.

    4. Geopolitical Tensions

    Political interruptions even in one oil-producing country can affect other greatly. Say, for instance, any small conflict in the Middle East, which also happens to be the biggest oil-production in the world, can have a great impact on the whole world. So, this is another reason why gasoline prices incline.

    5. Seasonal Changes

    This is another factor for fuel prices to go up because fuel additives depend on the season. They are usually high during summer and winter seasons, as these are the peak times when it experiences a high demand from the consumers worldwide.

    What Pricing System Does Ambala Follow?

    As of now, Ambala uses the concept of “dynamic fuel pricing” to determine the latest petrol rates. This is the most advanced pricing methodology to be implemented in India. In fact, this is something that most developed countries to follow.

    Before “dynamic fuel pricing” was implemented, the fuel rates were updated on a fortnight basis, which was on the first and sixteenth day of every month. Hence, it was popularly known as the “fortnight fuel pricing system.” However, this had a lot of disadvantages and that’s exactly when the concept of dynamic pricing mechanism was applied.

    The existing fortnight system was updated at 8:00 a.m. on the first and sixteenth day based on their previous day’s prices. However, the dynamic system involved updating the prices every morning at 6:00 a.m. based on the CER (Currency Exchange Rate) and latest international crude oil prices.

    The system was mainly implemented to bring more transparency to the system and to prevent the governments from affecting or influencing the OMCs (Oil Marketing Companies).

    Does GST Have Any Influence On Ambala’s Petrol Prices?

    Since GST (Goods and Service Tax) is not yet been covered for a commodity like fuel, it doesn’t have any influence or effect on the overall petrol prices in Ambala.

    Also Check Petrol Price in NearBy Cities of Ambala

    *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.

    News About Petrol Price In Ambala Today

    • OMCs ask for Applications for Petrol Pump Network Expansion

      Oil marketing companies (OMCs) are inviting applications for network expansion of petrol retail outlets. OMCs are doing this in response to increasing fuel needs among Indian customers. The major companies that are inviting applications are Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and Indian Oil Corporation Limited (IOCL) have come together to ask for applications to double the current number of petrol pumps around the country. The applications are to be made online. Retail outlets in rural areas are also being targeted in this drive since the number of fuel pumps in such areas is lesser. The process of selecting a dealer has been simplified in accordance with the government’s focus on ease of doing business. The process of dealer selection will be computerised by an agency which will be independent in order to make the process more transparent.

      29 November 2018

    • Petrol Rate Increased to Rs.87.82 Per Litre in Mumbai

      State-run oil companies increased the petrol price in Mumbai to Rs.87.82 per litre, up by 9 paise, after two-day hiatus. Prices were hiked across four major metro cities in the country. In Delhi, petrol rates have been hiked by 10 paise per litre to cost Rs.82.36. In Kolkata, a litre of petrol costs Rs.84.19 per litre, while in Chennai, its available at Rs.85.61 according to data from the Indian Oil Corporation website. The Indian government reduced the excise duty of Rs.2.50 per litre after petrol prices had touched new record highs of Rs.91.34 in Mumbai. Post the cut in taxes by the Centre, several States slashed petrol prices which led the fuel prices to fall by up to Rs.5 in major metros post the announcement. Petrol and diesel prices are revised daily and are effective from 6:00 am daily. Oil companies include the global crude oil price and the exchange rate of the rupee over the US dollar. Crude oil prices have been on the rise coupled with the fall in the exchange rate of rupee has only led to the increase in petrol and diesel prices in the country.

      12 October 2018

    • Rupee, Rising Fuel Prices Give Way to Inflationary ConcernsFallin

      The rupee has been on a fall for the last two weeks or so and has hit the lowest ever mark in its entire lifetime and has also become the weakest currency in all of Asia. Add to this the rising crude oil prices, concerns over inflation has skyrocketed. Imported inflation, the inflation that is witnessed as far as imports are concerned, has hit 9.27% in the last year according to data made available for July 2018.

      The same number was at 4.88% in the July of 2014. All the crude increases and the falling rupee worries are signalling a much sharper rise over the coming months and analysts are bracing for a much worse period for the Indian economy as a whole. Retail inflation for August was 4% in August, however, it is likely to change for September as the rising fuel costs are likely to add to the logistics costs of companies, farmers, and businesses alike.

      21 September 2018

    • Crude Oil Rates Settle Lower after a Surprise Fall in US Crude Supplies

      After data depicted an unforeseen build in US crude oil supplies, West Texas Intermediate crude oil prices closed at 2-month lows on Wednesday. On the London’s Intercontinental Exchange, Brent crude oil dropped by 2.10% to retail at $70.94 per barrel, while on the New York Mercantile Exchange crude futures for September delivery reduced by 3% to close at $65.01 per barrel. Stocks of US crude oil increased by 6.805 million barrels for the week completed ended on 10 August 2018.

      Data from EIA depicted that the anticipated build in the supplies of crude oil increased by 1.341 million barrels per day. At the same time, exports dropped by 2.58 million barrels per day. Last week, refinery activities increased from 96.60% to 98.10% of their capabilities. Gasoline stocks also dropped by 6.805 million barrels, while supplies of distillate also increased by 3.566 million barrels.

      17 August 2018

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