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Here’s how a Fuel Credit Card helps you beat the rising fuel prices

Many people have returned to work as restrictions have been lifted around the country. This increased the usage of personal automobiles for commuting, and with the rising fuel prices, it has increased the fuel expenses of people. Fuel credit cards are a convenient way to cover this expense. These credit cards are designed for consumers who spend a significant amount of money on gasoline

Petrol Price in India 

India is one of the largest oil consumers in the world. The Oil and Natural Gas (ONG) business, more than any other, has a considerable impact on the country’s economy and Gross Domestic Product (GDP). It accounts for at least 15% of the country’s GDP.

With this rising inflation, petrol prices in India have also touched the sky. A rising trend in international crude prices is the reason behind increased fuel prices. 

Petrol Price in Goa

On(25.11.2021)On (26.11.2021)
Rs.96.23 per litreRs.96.55 per litre

Factors Affecting the Price of Petrol in Goa

Multiple factors influence the petrol price in Goa on any given day, such as:

  • The cost of crude oil, the exchange rate between the Indian Rupee and the US Dollar, demand and supply ratios.
  • Charges paid by the Oil Marketing Companies (OMCs) that refine and transport the oil, commission charged by the dealer, and taxes.

Fortunately, regardless of worldwide fuel price swings, you can continue to save on petroleum purchases. All you need is a fuel credit card. 

What is the Purpose of Having a Fuel Credit Card?

If you travel by car and are searching for a strategy to save money on gas, you may consider acquiring a fuel credit card. This type of card is created specifically to meet your fuel requirements. When you use this card for fuel purchases, you can get discounts, fuel surcharge waivers, cashback, points, offers, co-branded advantages, and much more.

What is the Fuel Credit Card Eligibility Requirements?

To apply for a credit card, you must meet the qualifying criteria given below:

  • You should be at least 18 years old.
  • You must be an Indian citizen.
  • You must work for a salary or be self-employed.
  • Your monthly salary should be sufficient to meet the card’s income requirements.
  • To qualify for the finest fuel credit card, you must have a credit score of 750 or above.

The Bottom Line:

Fuel is the daily necessity of life. But increasing prices is tightening your budget. Petrol and diesel price fluctuations affect the majority of Indians. Both gasoline and diesel are considered vital commodities that contribute significantly to a country’s overall socio-economic development.

Having a fuel credit card can prevent the rising fuel prices from burning a hole in your pocket.