Petrol Price in Panjim Today (Jun 16 2021) : The price of Petrol in Panjim is at Rs 88.71 per litre Today.
Panjim Petrol Price Alert Petrol costs in Panjim have been turning more unpredictable, as raw petroleum costs have been showing a firm pattern. It is critical to check today’s petroleum cost in Panjim ₹ 88.71 (20th February 2021), particularly if you are going for a lengthy drive. Keep in mind that petroleum and diesel costs are modified day by day, so you can lose a lot if you are going on a significant distance. The rupee has likewise moved lower against the dollar, making petroleum costs in Panjim more costly than previously. It is trusted that the public authority can diminish extract obligations to empower rates to turn out to be less expensive in the coming days.
Last 10 Days Petrol Rate in Panjim
|Feb 9, 2021||₹85.50||₹0.46|
Historical Petrol Price in Panjim
The trend of Petrol Rate in Panjim, February 2021
|1st Feb||Rs. 83.33|
|20h Feb||Rs. 88.71|
|Lowest rate in Feb||Rs. 83.10 on 3rd Feb|
|Highest rate in Feb||Rs. 88.71 on 20th Feb|
Elements Affecting Petrol Price in Panjim
Though worldwide impacts, for example, global unrefined petroleum rates and rupee to US dollar conversion scale consistently affect petroleum costs. For example, homegrown impacts, for example, focal and state government charges, a benefit for oil organizations, and commission for wholesalers don’t affect the cost of petroleum in Panjim consistently. Any homegrown factor changes, be that as it may, affects the Petrol rate accordingly. Here’s how and why such impacts are at risk for variances in Panjim’s petroleum costs.
Worldwide unrefined petroleum costs: As India imports more than 70% of its oil necessities from the OPEC countries, raw petroleum costs worldwide are assuming a huge part in India’s petroleum cost. Petroleum rates in India are synchronized consistently with global raw petroleum costs with the presentation of the powerful fuel evaluating an instrument. The flighty part of the powerfully changing cost of unrefined petroleum in this way impacts the cost of petroleum in Panjim.
The assessment required by the focal government on petroleum: This is quite possibly the most homegrown element that impacts the petroleum cost in Panjim. The focal government charges an extract obligation, and this rate stays as before all through all the conditions of India.
Money conversion standard: Indian oil firms buy unrefined petroleum in US dollars. Indian oil organizations get US dollars of raw petroleum. Deciding the cost of petroleum in Panjim, per US dollar will be traded into the Indian rupee, in light of the current swapping scale the earlier day. Also, the differing estimation of the cash effectively affects the expense of petroleum. Any second rupee slips against the US dollar, Indian petroleum costs will climb, and the other way around.
Overall revenues of oil firms: Oil organizations’ net revenues impact the fuel cost in Panjim, and it is among the specific components that impact the petroleum cost of Panjim. The oil organizations’ fuel wholesalers will gain a seller’s bonus for the extricated fuel. The merchants keep their own bonus which incorporates transportation cost, fuel siphon support cost, and so on in the expense cost of petroleum. Indian oil makers regularly decide the commission, and it will be refreshed once each year. Henceforth, any reports on the commission value, the petroleum cost of Panjim, just as all India’s urban areas will get impacted.
Systems for Checking the Petroleum Cost of Panjim
The most recent fuel updates can undoubtedly be followed through an SMS administration or a client care administration run by state-possessed oil organizations like Bharat Petroleum (BP), Hindustan Petroleum (HP), Indian Oil, and Shell Oil. You can even check the current petroleum cost of Panjim by straightforwardly visiting those oil organizations’ sites. So, if you are a fuel purchaser of Panjim, you can check the current petroleum cost of Panjim by covering any of the strategies recorded below. With the new valuing component inactivity, the current petroleum cost of Panjim is somewhat unique to the earlier day on the off chance that we look at it on the table that is referenced on the highest point of this page. It is tough to affirm the present fuel cost in a city; in any case, OMCs have built up a few measures at approving standard petroleum costs of Panjim.
Using Mobile Applications: Oil organizations have dispatched their particular cell phone applications for every day following or investigating the cost of petroleum. IOC has delivered the ‘Fuel@IOC’ application. The ‘SmartDrive’ application can be utilized by BPCL clients, while HPCL has delivered the ‘MY HPCL’ application to check for the most recent petroleum rates in a particular district.
Through SMS: Follow the guidelines underneath to confirm Panjim’s petroleum rate using SMS. IOC: SMS RSP seller code and send it to 9224992249. HPCL: SMS HP PRICE seller code and send it to 9222201122. BPCL: SMS RSP seller code and send it to 9223112222.
For What Reason The Petrol Rate in Panjim is High?
Already, fuel costs in the nation were controlled and changed each fortnight. Credit to the Dynamic Fuel Pricing framework was dispatched on June 17 to change the cost of petroleum all through India consistently. Because of an enormous assortment of movements in the country’s political environment, and as a result of it, markets are evolving consistently. India’s oil costs are something that both the focal and state governments force their charges on. In actuality, this explains the developing differential in the cost of petroleum in various pieces of India. On account of Panjim, there has been a spike in state duty, which has fundamentally impacted the expense of petroleum in the city. All things considered, the worldwide market’s effect is one reason behind the sharp ascent in petroleum costs in Panjim. The rise in the worldwide cost of raw petroleum was proposed to affect the petroleum of Panjim city and other metro urban communities of India. We can just assume that Panjim may withstand the impacts of the entirety of this, despite financial specialists who anticipate that certain prices should heighten in the coming months. Another reason is that the finished result’s market estimation can differ depending on the intricacy associated with refining unrefined into petroleum. Think about Diesel, which is heavier, less unpredictable, and simpler to refine compared with petroleum. As a result, diesel will, in general, be marginally less expensive than petroleum in many nations around the world. We have seen a similar pattern in India, moreover. Buyers use diesel in assembling fields, generators, trucks, and so on, contrasted with petroleum, essentially found in private vehicles. The country, at that point, doesn’t demand a charge on diesel by any means. What’s more, thus, diesel has normally gotten more moderate.
How is The Petrol Rates Changed in Panjim?
With impact from 16 June 2017, with dynamic fuel evaluating or everyday value change, petrol costs in Panjim will be refreshed consistently. Before dynamic valuing, the city’s petroleum rates were refreshed each fortnight, for example, consistently on the first and sixteenth. However, these days, through ordinary value changes, Panjim’s fuel systematized consistently. According to the new norms, the refreshed fuel cost will be changed by 6 a.m., and the cost will be reflected through all the fuel stations, OMC sites, and cell phone applications gave across India by specific OMCs. Mechanized focal fuel stations will have a robotized change in petroleum costs, while non-programmed fuel stations should do so truly by getting to the reconsidered cost from the oil organization’s true site. Potential clients can download specific oil organizations’ versatile applications, or they can likewise follow the SMS administration and complementary numbers to screen the city’s steady petroleum cost.
Effect of GST on Petrol in Panjim
The Goods and Services Tax (GST) is the new duty system on all merchandise and enterprises all through India. Oil-based goods from the GST, in any case, have been precluded. Petroleum and diesel incline to pull in extract obligation from the Center and VAT as the State’s obligation. Since the top assessment section under the GST is significantly lower than the general extract obligation and VAT, the citizen will be affected by diminishing income to the Center or the State. Likewise, GST isn’t pertinent to petroleum.
Why the Expense of Petroleum is High in Panjim When Contrasted With Diesel?
Prior, fuel costs in the nation were observed and changed each fortnight. As per the Dynamic Fuel Pricing System that was dispatched on June 17, the petroleum cost changed the nation consistently. In light of plenty of changes in the country’s political environment, and as a result of it, costs are evolving routinely. India’s fuel costs are something that both the focal and state governments force their expenses against. Indeed, this is the purpose behind the developing differential in the cost of petroleum in various pieces of the country. There has been an expansion in-state assessment on account of Panjim, which has straightforwardly affected the cost of petroleum in the city. After all course, the worldwide stage’s effect is one reason behind the sharp ascent in petroleum costs in the city. The spike in the worldwide cost of raw petroleum was foreseen to affect the costs of petroleum in Panjim, just as in India’s remaining urban communities. We can just assume that Panjim may withstand the impacts of the entirety of this, notwithstanding investigators who anticipate that those prices should rise in the months ahead. Another clarification is that the final result’s cost will differ depending on the intricacy engaged with changing over oil into the fundamental segments. Thinking about Diesel, which is heavier, less unpredictable, and simpler to refine compared with petroleum. As a result, diesel will, in general, be somewhat less expensive than petroleum in many nations around the planet. We see this equivalent pattern in India. In any case, diesel costs sell at a lot more extreme cost around the country given the imbalanced assessment framework. Customers use diesel in plants, fields, generators, trucks, and so forth, restricted to petroleum, which is fundamentally found in private vehicles. The country, at that point, doesn’t charge diesel at all when contrasted with petroleum.
Petrol Prices in Major Cities
|CITY||PETROL PRICE TODAY|
|New Delhi||₹ 90.19|
|Andhra Pradesh||87.24 ₹/L|
|Himachal Pradesh||88.55 ₹/L|
|Jammu And Kashmir||92.11 ₹/L|
|Madhya Pradesh||98.64 ₹/L|
|Tamil Nadu||93.07 ₹/L|
|Uttar Pradesh||88.78 ₹/L|
|West Bengal||91.78 ₹/L|
The Trend of Petrol Price in Panjim for February 2021
|1st Feb||Rs. 83.33|
|20h Feb||Rs. 88.71|
|Lowest rate in Feb||Rs. 83.10 on 3rd Feb|
|Highest rate in Feb||Rs. 88.71 on 20th Feb|
– The price of petrol in Panjim at Rs.88.71 on the 1st of February as prices continued to rise high.
– The price of petrol closed the week at Rs.88.71.
– The price of petrol overall percentage change was 5.48%
|1st Jan||Rs. 80.82|
|31st Jan||Rs. 83.33|
|Lowest rate in Jan||Rs: 80.48|
|The highest rate in Jan||Rs: 83.33|
– The price of petrol in Panjim at Rs.83.33 on the 1st of January as prices continued to rise high.
– The price of petrol closed the week at Rs.83.33.
– The price of petrol overall percentage change was 3.01%
|1st Dec||Rs. 79.05|
|31st Dec||Rs. 80.76|
|Lowest rate in Dec||Rs: 79.05|
|The highest rate in Dec||Rs: 80.82|
– The price of petrol in Panjim at Rs.80.82 on the 1st of December as prices continued to rise high.
– The price of petrol closed the week at Rs.80.76.
– The price of petrol overall percentage change was 2.12%
|1st Nov||Rs. 77.86|
|31st Nov||Rs. 79.27|
|Lowest rate in Nov||Rs: 77.76|
|The highest rate in Nov||Rs: 79.50|
– The price of petrol in Panjim at Rs.79.27 on the 1st of November as prices continued to rise high.
– The price of petrol closed the week at Rs.79.5.
– The price of petrol overall percentage change was 1.76%
|1st Oct||Rs. 78.01|
|31st Oct||Rs. 78.17|
|Lowest rate in Oct||Rs: 77.76|
|The highest rate in Oct||Rs: 78.17|
– The price of petrol in Panjim at Rs.78.01 on the 1st of October as prices continued to rise high.
– The price of petrol closed the week at Rs.78.17.
– The price of petrol overall percentage change was 0.20%
|1st Sep||Rs. 78.74|
|30th Sep||Rs. 77.96|
|Lowest rate in Sep||Rs: 77.76|
|The highest rate in Sep||Rs: 79.11|
– The price of petrol in Panjim at Rs.78.74 on the 1st of September as prices continued to rise high.
– The price of petrol closed the week at Rs.77.96.
– The price of petrol overall percentage change was -0.97%
|1st Aug||Rs. 77.46|
|31st Aug||Rs. 79.06|
|Lowest rate in Aug||Rs: 77.04|
|The highest rate in Aug||Rs: 79.06|
– The price of petrol in Panjim at Rs.79.06 on the 1st of August as prices continued to rise high.
– The price of petrol closed the week at Rs.79.06.
– The price of petrol overall percentage change was 2.02%
What is today’s Petrol price in Panjim?
Today’s Petrol price in Panjim is ₹ 91.28 per litre.
What was the highest Petrol price in Panjim?
The highest Petrol price in Panjim was ₹ 91.28 per litre on 20 February 2021.
When was the highest Petrol price in Panjim?
At ₹ 91.28 per litre, the highest Petrol price in Panjim was recorded on 20 February 2021.
What is the current Petrol price in Panjim?
The current Petrol price in Panjim is ₹ 91.28 per litre.
What was the highest Petrol price in Panjim in the last 5 years?
The highest Petrol price in Panjim in the last 5 years was ₹ 91.28 per litre on 20 February 2021.
What was the highest Petrol price in Panjim in the last 10 years?
The highest Petrol price in Panjim in the last 10 years was ₹ 82.86 per litre on 04 October 2018.
What was the highest Petrol price in Panjim in 2020?
The highest Petrol price in Panjim in 2020 was ₹ 74.15 per litre on 31 December 2019.
What was the lowest Petrol price in Panjim in 2020?
The lowest Petrol price in Panjim in 2020 was ₹ 67.5 per litre on 04 January 2019.
What was the highest Petrol price in Panjim in 2021?
The highest Petrol price in Panjim in 2021 was ₹ 91.28 per litre on 20 February 2021.
What was the lowest Petrol price in Panjim in 2021?
The lowest Petrol price in Panjim in 2021 was ₹ 68.56 per litre on 16 March 2020.
Petrol rates increased by 29 paise in Delhi on 14 February 2021
Government-owned OMCs have increased petrol prices in Delhi by 29 paise on 14 February 2021. Fuel levels in the national capital have been increased for the sixth day in a row. As India imports more than 80% of its gross demand, petrol prices are based on a dollar-equivalent price and crude oil prices on world markets. Compared to all metro, petrol prices are very high in Mumbai. Following the review, petrol prices in Delhi, Mumbai, Chennai, and Kolkata are Rs.88.73, Rs. 95.21, Rs.90.96, and Rs.90.01 litre, respectively. OMCs, review petrol prices daily and prices vary from city to city due to local taxes. Before January 6, petrol prices had not changed for a month.
Petrol prices increased by up to 25 paise across all the metros on 12 February
Government-owned OMCs have increased petrol prices to 25 paise across India’s metro by February 12, 2021. As India imports more than 80% of its illicit needs, the rupee value compared to the dollar and crude oil prices in world markets determine the country’s oil prices. Following the review, petrol prices in Delhi, Mumbai, Chennai, and Kolkata are Rs.87.85, Rs.94.36, Rs.90.18, and Rs.89.16 respectively.
Petrol price touches new high.
On Wednesday, state-owned oil companies (OMC) hit higher levels as prices rose for the second day in 30 paise have increased the price of petrol rises. Following the review, a litre of petrol was sold for R87.60 in Delhi and Rs.94.12 in Mumbai. Rising prices have been reported as rising oil prices abroad. In the global market, oil prices exceed $ 61 per barrel for the first time in more than a year. Since the beginning of the year, petrol prices have risen by Rs.3.89 per litre. In India, oil prices are being revised according to the inflation plan adopted in June 2017. In practice, prices are based on global oil prices on an average of 15 days and the value of a currency compared to the US dollar.
Petrol rates remain unchanged in the metropolitan cities on Monday.
State-owned enterprises The price of petrol kept the price of petrol on the third day in a row. A litre of petrol was resold for Rs.86.95 in Delhi, Rs.93.49 in Mumbai, Rs.88.30 in Kolkata, Rs. 89.39 in Chennai following daily updates. The price of petrol was the highest in Mumbai among all the major and lowest cities in the national capital. In India, fuel prices are being revised according to a dynamic price system. In practice, prices are based on global oil rates on a 15-day average and the US dollar exchange rate. In the international market, Brent crude futures, the global oil bank has risen 1.24 percent on Friday and was trading at $ 59.57 per barrel. The $ 3 paise earnings remained at 72.93 after the Reserve Bank of India maintained the policy rate and maintained its sitting position at its bi-weekly MPC meeting.
OMCs hike petrol rates by 35 paise on Thursday
On Thursday, state-owned companies (OMC) raised the petrol price in Delh35 paise increased each litre levels. After daily updates, a litre of petrol cost Rs.86.65 in the national capital. This increase was noticeable after seven days when the rate was kept unchanged. It should be noted that the price of petrol has increased 11 times since the beginning of the year which has resulted in the increase in petrol prices by Rs.2.94 per litre. In the global market, the price of crude oil has remained stable over the past few weeks following the discovery of consumption in all major world economies and the single production cuts announced by Saudi Arabia.
Table of Contents
- 1 Last 10 Days Petrol Rate in Panjim
- 2 Historical Petrol Price in Panjim
- 3 Elements Affecting Petrol Price in Panjim
- 4 Systems for Checking the Petroleum Cost of Panjim
- 5 For What Reason The Petrol Rate in Panjim is High?
- 6 How is The Petrol Rates Changed in Panjim?
- 7 Effect of GST on Petrol in Panjim
- 8 Why the Expense of Petroleum is High in Panjim When Contrasted With Diesel?
- 9 Petrol Prices in Major Cities
- 10 State-wise Prices
- 11 The Trend of Petrol Price in Panjim for February 2021
- 14 FAQs
- 15 News