Petrol Diesel Price: Having a personal vehicle is considered common in many countries but the situation is completely different in Hong Kong. Less than 13% people there have personal vehicles. This has made this developed country one of the regions in the world where vehicle ownership rates are lowest. One of the main reasons for this is the very high prices of petrol, diesel, tax and parking. Amidst the ongoing tension in the Middle East, let us know the price of petrol and diesel in Hong Kong.

Petrol and diesel prices

According to global fuel trackers and official oil price monitoring systems, fuel prices in Hong Kong have reached extremely high levels. The price of standard petrol is approximately HKD 32.64 per liter. In Indian currency it is approximately ₹ 348 per liter. Premium petrol is even more expensive. Its price is approximately HKD 34.44 per liter. In Indian currency it will be ₹ 367 per liter. With this, the price of diesel is approximately HKD 36.17 per liter. In Indian currency it will be ₹ 385 per liter.

Fuel is very cheap in China

Interestingly, fuel prices in neighboring mainland China are almost three times lower than those in Hong Kong. Because of this huge difference, many Hong Kong residents reportedly cross the border to China to get cheap fuel.

Public transport is quite strong

The biggest reason why fewer people own vehicles in Hong Kong is its efficient public transportation system. Services such as metro networks, buses, ferries and minibuses are cheap, fast and widely available. Most residents find public transportation much more practical than owning a private vehicle.

heavy tax on vehicles

The Hong Kong government deliberately controls the number of private vehicles by imposing high taxes. People buying a new car have to pay first registration tax. This can range from 46% to 132% of the value of the vehicle, depending on the model and price. Along with this, the annual license fee is also very expensive. The vehicle owner also has to pay an annual license fee depending on the size of the engine. This annual charge can be approximately between ₹ 50000 to ₹ 115000 in Indian currency. Along with this, the monthly parking rent for a normal vehicle can range from HKD 3000 to HKD 6000. This is equivalent to approximately ₹32000 to ₹64000 every month in Indian currency.

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Petrol-Diesel Price Today: The month of May can give shocks to the public on the inflation front. It started on May 1 with commercial gas cylinders becoming expensive. Now another news may bother you. The news coming from government sources is enough to give sleepless nights to the common man. A huge jump in the prices of petrol and diesel can be seen in the coming few days.

According to government sources, the prices of petrol and diesel may increase by Rs 4 to 5 per liter because oil companies are incurring losses. The government is seriously considering revising fuel prices. If this happens, it will directly affect the freight transportation and the cost of your journey. That means, not only oil, but everything from vegetables to milk will become expensive.

Big decision of Air India, 100 flights will be cut daily, inflation stopped flights

What are the prices of petrol and diesel in your city today? see list

City	Petrol	Diesel
1. New Delhi	₹ 94.77	₹ 87.67
2.Mumbai	₹ 103.54	₹ 90.03
3. Kolkata	₹ 105.45	₹ 92.02
4.Chennai	₹ 100.80	₹ 92.39
5. Bengaluru	₹ 102.92	₹ 90.99
6. Hyderabad	₹ 107.41	₹ 95.65
7. Ahmedabad	₹ 94.56	₹ 90.25
8. Jaipur	₹ 104.88	₹ 90.36
9.Lucknow	₹ 94.65	₹ 87.76
10. Patna	₹ 105.18	₹ 92.04
11. Bhopal	₹ 106.52	₹ 91.89
12. Guwahati	₹ 93.23	₹ 89.46
13. Amritsar	₹ 98.29	₹ 88.06
14. Bhubaneswar	₹ 101.10	₹ 92.69
15. Chandigarh	₹ 94.30	₹ 82.45
16. Ranchi	₹ 97.86	₹ 92.62
17. Raipur	₹ 99.44	₹ 93.39
18. Dehradun	₹ 93.17	₹ 88.01
19. Shimla	₹ 95.27	₹ 87.31
20. Srinagar	₹ 100.70	₹ 86.88

Why can petrol and diesel become expensive?

In fact, after the Iran War and Hormuz crisis, fluctuations in international crude oil prices and global economic uncertainty are being said to be the main reasons for this. Oil companies have been pressurizing for a long time to increase prices to compensate for their losses. Although no official announcement has been made by the government yet, sources say that this decision can be taken at any time.

When petrol and diesel become expensive, it does not only affect the drivers, but everyone from the pump sets used in farming to the delivery boys gets affected by it. That means the price of every item increases.

Big decision of Hotel Association, customers will have to pay for expensive cylinders, prices will increase in restaurants

Fuel prices were stable for some time, which brought some relief to the public. But now this possible increase is going to act as ‘ghee in the fire of inflation’. If you want to fill your tank then now is probably the right time.

Petrol-Diesel Price Hike News: There is going to be such a storm of inflation in the country which will spoil the entire mathematics of your house. Such news is coming out from the government corridors, which is going to directly rob your pocket. Sources have said that the government is going to take a major decision on oil prices within the next five to seven days.

According to government sources, the government is keeping a close eye on the changing conditions in West Asia and its impact on the global energy market. Even though the final approval has not been given yet, the indications are clear that there may be a sharp increase in the prices of petrol and diesel very soon. There is a sword hanging over the head, because internal discussions are in full swing and officials are assessing how much burden should be put on the public.

Big decision of Air India, 100 flights will be cut daily, inflation stopped flights

There is a possibility of increase in the price of petrol and diesel by Rs 4 to 5.

Let us tell you that there is a possibility of a rise of 4 to 5 rupees in the price of petrol and diesel. The government is currently standing at a ‘crossroads’. On one hand there is financial pressure of oil companies and on the other hand there is fear of rising inflation. But the public now needs to step in cautiously, because if these prices increase, it will directly impact your plate and your journey.

Any increase in the prices of fuel and cooking gas has a wide-ranging impact. When diesel becomes expensive, the fare of trucks increases and when the fare increases, everything from fruits and vegetables to essential goods becomes expensive. This is going to be a tough task for the middle class, because the household budget is already stretched.

Big decision of Hotel Association, customers will have to pay for expensive cylinders, prices will increase in restaurants

Government trying to strike a balance – Sources

Sources said that the government is currently trying to strike a balance so that inflation does not go out of control, but in this era of global uncertainty, this is a very sensitive policy decision. Alarm bells have rung and the picture is expected to become clear in the next week.

Petrol-Diesel Price News: Another big inflation bomb is about to explode in your pocket. The prices of petrol and diesel are going to increase in the country. Government sources have indicated that a huge increase in the prices of petrol and diesel cannot be ruled out in the near future. This means that the prices which were stable for the last four years, are now ready to spoil your budget.

Crude oil prices are on fire

Government sources told news agency PTI that there is panic in the global oil market due to the increasing war between America and Iran and stalled peace talks. This time international crude oil prices have reached the highest level of four years of $ 126 per barrel. Now the eyes of the whole world are fixed on the ‘Strait of Hormuz’.

Why will prices increase in India?

In fact, the losses of government oil companies are now becoming unbearable. Retail prices were kept stable for the last four years, but now the situation has changed. According to Oil Ministry officials, companies are incurring a loss of about Rs 20 per liter on petrol and about Rs 100 per liter on diesel. Crude oil, which was 70 dollars last year, now averages beyond 114 dollars.

Earlier it was estimated that oil prices in the country could rise by Rs 25 to Rs 28 per litre. However, these reports were completely rejected by the government.

Recently, Indian Oil Corporation (IOC) issued a statement on behalf of the industry saying that despite the huge increase in international energy costs, there is no increase in the rates of petrol, diesel and domestic LPG.

LPG gas cylinder became expensive today

Let us tell you that today, on the first of May, companies have increased the prices of commercial LPG, industrial diesel and jet fuel. Now it is the turn of common man for petrol and diesel. At present petrol in Delhi is Rs 94.77 and diesel is Rs 87.67.