Why are petrol prices different in cities?
Competition. Lower fuel prices usually appear in cities with a higher number of petrol stations as the competition between retailers is higher. The opposite is for petrol stations in UK rural areas where motorists have no other alternative choice for filling up their cars and thus the prices are much higher.
Why do different petrol stations have different prices?
Fuel prices in NSW (and across Australia) are influenced by several factors, including overseas and domestic market forces. Changes in international benchmark prices, the value of the Australian dollar compared to the US dollar, competition, and pricing by wholesalers and retailers all affect fuel prices in NSW.
Why petrol prices are different in coastal and inland areas?
Other costs associated with the petrol price include: Transport costs from the harbour to inland areas, which accounts for the difference in price between coastal and inland prices; Custom and excise duties, retail margins paid to fuel station owners – currently R2.
What is the minimum profit in petrol pump?
Ans- A petrol pump owner in India can earn up to Rs 3,58,000 every month. If your commission comes across as 3 Rupees per litre then your monthly gross earning of 5,70,000 Rupees.
Which city has lowest petrol price?
Among all major cities of India, Delhi has the lowest fuel rates— ₹ 81.63 for petrol, ₹ 73.54 for diesel.
Why are some fuel prices cheaper than others?
Unleaded fuel prices in regional NSW towns tend to be about five to seven cents a litre more expensive on average than in Sydney. The prime reason for this is a lack of competition, particularly independent retailers. This means that while prices in regional areas might fall slowly, they also tend to rise more slowly.
What makes up fuel price?
There are two main constituents of the prices of controlled petroleum products: The external factors – the dollar price of the product on world markets multiplied by the US$/R exchange rate. The internal factors – the rand-based retail and oil company marketing margins, transport costs and taxes and levies.
On what day of the month is the petrol price adjusted?
first Wednesday of the month
The petrol retail price is regulated by government, and changed every month on the first Wednesday of the month.