Petrol and Diesel Price in Korba
Korba is a city and an industrialized centre in the Korba district, in the Indian state of Chhattisgarh. Korba is a major industrialized hub in Chhattisgarh and consists of many coal mines. Korba produces around 16 per cent of India's coal and is also an electricity hub capable of producing 6,428 MW of thermal power. Such a rising Industrialized town comes with rising transportation needs.
Fuel prices play a major role in moulding a region's economy. The lives of citizens, the productivity of major businesses and industries, trade and transportation and a lot more depend on the fuel prices of the region. Compared to many other regions of India, Korba has seen major fluctuations in its petrol and diesel prices across the year. Petrol price in Korba has been all over the place throughout this year and even during the last week, there have been significant fluctuations.
Petrol Price in Korba
Petrol prices have seen significant fluctuations throughout the year in Korba. The petrol price in Korba today is INR. undefined per litre. The last ten days have seen a trend where the petrol prices in Korba have been fluctuating between INR. undefined and INR.
Diesel Price in Korba
Today's diesel price in Korba is INR. undefined per litre. The diesel prices in Korba have risen and fallen throughout the year 2022, with the lowest rate touching INR. 95.13 on June 26th and August. In the last ten days, the diesel prices in Korba have fluctuated between INR. undefined and INR undefined. There was a 2.25 per cent rise in diesel prices in Korba between December 1st and December 6th. In the month of November, a similar trend was observed as the lowest and peak values were the same as that in December.
Fluctuating Fuel Prices in Korba
Several factors affect the prices of fuel in India in general and Korba in particular. Some of these factors are as follows:
International and domestic oil and gas prices
Crude oil prices
State and Central taxes
Refining costs
Freight costs
Profit margin of the seller
Profit margin of distributor
VAT charges
Pollution prevention costs
Dealer profit margins
US dollar to rupee exchange rate
As of June 2017, the prices of fuel are revised daily through a process known as the dynamic fuel price method. Before that, the prices were revised after every two weeks. With the implementation of the dynamic fuel price method, petrol and diesel prices are revised at 6:00 a.m. every day.
Conclusion
Fuel prices are dynamic and are subject to various external and internal factors. For an individual who is always on the move, it is necessary to keep track of the changing fuel prices in the different regions of the country. Visit the Park+ website to keep track of petrol prices in Korba today. You can also check and keep track of petrol, diesel and CNG prices all over India by visiting the Park+ website.