Check Petrol Price in India
Greetings from the team of Mandibhavtoday. We are an online service provider who aims at elucidating every Indian of the most incredible ways to invest their hard-earned money.
Our expert team keeps on researching on the daily rate of everything that matters. And we try to explain the basics of different types of investment opportunities. Irrespective of your competence
in the complex world of technical lingo and unfathomable discussions, we help you get the most practical help for your needs.
Here, we discuss something that you might have wanted to learn about for a long. With your auto drivers and cab services hiking their rates off and on due to a hike in fuel price, you might have wondered
petrol ka rate Kitna hai. The rise and fall in the rate of petrol have many more things to do than just creating a dent in your pocket. Let's get started.
Check Latest Petrol Rates in India
When to Check the Rate - While checking petrol Aaj ka bhav
, you should know that the day-to-day rate of petrol is announced every day at 6 AM.
So whether the price of petrol or diesel increases, decreases or remains unchanged, its effect comes only after 6 AM. Plus, the Petrol Price in India
is likely to vary from one place to another.
However, the difference might be slight. The variation in rate happens due to dealer commission, excise duty, along with other factors. You can also subscribe to SMS services to know the everyday rate of fuel.
Otherwise, you can simply contact us with all the information that you need.
Rise and fall of Indian Rupee with Petrol
As our team puts it, the current petrol price in India
surely impacts the value of the Indian Rupee. If you look back to 2018, get an idea, then you will see an interesting thing.
On the 24th of May in 2018, the value of the Indian Rupee was at an 18 month low. INR 68.825 became equivalent to one US Dollar. The rise in the price of crude oil had a direct impact on it.
Additionally, if crude oil prices keep rising, then the Indian Rupee is likely to depreciate constantly. And this depreciation has a resonating effect on the overall Indian economy and also
in the stock market. To check the fall, the Reserve Bank of India often takes some steps. Anyone coming to us can get a detailed idea of what steps they might take.
The Stock Market and Petrol Price
There are a number of Indian industries that depend on everyday petrol price per litre
. They include but does not remain confined to:
3. Refining companies
4. Airline companies
With the rise in petrol price, the profitability of these industries can have a negative effect. Due to the high input cost, it can affect the stock price. On the contrary,
the countries that extract oil can profit more due to a rise in price.
TInflation and Petrol
Oil is equally important for domestic and industrial consumption. So when we check the Check Latest Petrol Rates in India
and see an increase, we warn our visitors that there is going to be an increase
in the production cost of these goods. Eventually, as consumers, we need to pay the higher price. Our team researchers believe that a price hike as little as $10 per barrel can have an effect on the price
of everyday necessities.
Economy and Price of Oil
Instead of getting into details, we try to put how the petrol Aaj ka rate
can influence the economy. After the lockdown amidst the pandemic crisis,
the market price of oil is slowly recovering. So different industries are trying to increase their profit margin in several ways.
1. Lesser oil supply from the leading producing countries and tensions in the Middle East are slowly stepping up fuel price.
2. An increased global demand for oil also affects the price of oil.
3. India imports almost 70% of its total oil consumption. This has a direct hit on her finances.
Gold and Black Gold
We have a number of visitors who want to invest in gold. We always ask them to keep an eye on the petrol price today
. We can say that there is a very significant relationship between oil prices and gold.
A premier institutional standard market research company has revealed that in almost 60% of instances, the gold price has boosted up with the increase of crude oil price. When gold prices hike, the cost of
oil also tends to increase.
Despite the rapid and regular rise in the
price of gold. Many of our visitors wonder what might be the reason behind that. We would remind you that the price of gold increases,
especially when there is inflation—also, the price increases when investors feel that the current economy is not actually stable. With increased money printing and the higher debt level
amidst the Covid-19 pandemic, we can expect that the price of gold is likely to increase for the time being.
Investing In the Oil Marketing
Despite the apparent instability, our experts do not see any direct correlation between the stock market and the rise of crude oil prices, at least in the present.
So we regularly cater to a number of visitors who check the petrol rate today
for the purpose of investment. Here are our takeaways for opportunities in oil market investment.
1. Even as an individual investor with no lump sum investment opportunity, you can take tiny steps towards oil investment. You can start by investing through the stocks that concern oil drilling. You can also look for service companies.
2. Consider buying energy-sector-centric exchange-traded funds or ETFs. This will allow you to go for indirect participation in oil investment.
3. A number of mutual funds also invest in stocks which are energy-related.
4. Investing in mutual funds and ETF definitely involve lesser risk. They can be the right option for you in the initial years.
There are a number of ways to invest in crude oil and fuel. We love sharing our insights with one and all. So anyone willing to get first-hand investment suggestions would just need to contact us.