Diesel Price In Haldwani Today

1. This mechanism will permit Oil Marketing Companies (OMCs) to foster their mechanisation drive.
2. The profit margin of OMCs can be increased since they are allowed to decay running costs.
3. OMCs can assure the steady distribution of diesel to the consumers in the city of Haldwani.
4. No political pressures can impact fuel pricing.
5. Diesel users are aligned to real-time market performances. This is a key feature of dynamic fuel pricing.

Methods to Track Today's Diesel Rate in Haldwani

OMCs are currently offering highly personalized mobile apps to help customers to trace the current fuel price in Haldwani. Consumers may consider downloading either SmartDrive or My HPCL or Fuel@IOC. These mobile applications are easy to download and provide significant benefits to users. If you would like to obtain the diesel rate offered at Indian Oil, Fuel@IOC should be downloaded. The customers of HPCL should download My HPCL whereas the customers of Indian Oil should download SmartDrive.

SMS Services to Track Latest Diesel Price in Haldwani

1. HPCL consumers: HPCL consumers should type RSP, leave a space and type the dealer code. The SMS request must be sent to 9222201122.
2. BPCL consumers: BPCL consumers should type RSP, provide a space and then provide the dealer code. The SMS request must be forwarded to 9223112222.
3. Indian Oil Customers: Indian Oil consumers should also type RSP, provide a space and then enter the dealer code. The SMS request should be forwarded to 9224992249.

Assessment of Diesel Price in Haldwani

How is the assessment done? The diesel rate is fixed by OMCs that have a big role to play. They will borrow unrefined oil from other countries, turn that into diesel and market the refined oil to fuel stations. It spends many expenses during this process. The expenses that are commonly spent by OMCs encompass the crude oil rate in global markets, entry taxes, Refinery Transfer Price (RTP) and operational expenditures. As of 12 April 2018, the crude oil rate was estimated to be Rs.26 on diesel per litre and the average crude oil cost was estimated to be Rs.10 on diesel per litre.

Retail Selling Price of diesel in Haldwani = Crude oil costs + taxes + OMC expenses + dealer commission + pollution cess

Factors Impacting Diesel Price in Haldwani

1. Exchange Rate: The exchange rate determines the cost of crude oil and will change based on the economic performance of India and the United State of America. You can expect a rise in the cost of crude oil if the USD appreciates against the Indian rupee. The market price of crude oil is expected to grow when the Indian currency depreciates against the dollar. Daily variations in the exchange rate will influence the crude oil expense. Diesel prices are affected in the end.

1. Crude Oil Cost: India imports crude oil by paying the price in dollars. Many factors will influence the rate of crude oil. They include the political trends in oil exporting countries, the demand and supply cycle of overseas crude oil, weather reports, etc. It is because of a sharp increase in crude oil costs, diesel prices in Haldwani have crossed their historical highs.

Impact of GST on Diesel Rate in Haldwani

Goods and Services Tax (GST) is tax structure, which has been implemented to unify the existing tax laws in India. Currently, the oil industry is exempted from the GST framework. If the GST Committee decides to bring diesel under the GST purview, the government will end up incurring losses. That is why diesel has been outside the GST structure. As a result, the current diesel rates in Haldwani will not be affected by the present tax system.

*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.