Petrol and Diesel Price in Birbhum

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DayChange

Petrol-0.42

Diesel-0.4

CNG

Today104.9291.73NA
25 Nov105.3492.13NA
24 Nov105.6192.38NA
23 Nov105.6992.45NA
22 Nov105.6192.38NA
21 Nov105.5392.3NA
20 Nov105.191.9NA
19 Nov105.5692.34NA

Note : there may be slight variations in prices across outlets within a city

Birbhum is a district located in the state of West Bengal, India. The place is often called the 'land of the red soil.' and is renowned for its topography and cultural heritage. And just like most cities in West Bengal, the prices of petrol and diesel are rising in Birbhum today as well.

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The fuel prices in Birbhum are controlled and managed by the Indian Oil Corporation (IOCL). The company considers various factors like international crude oil rates, currency exchange rates, government and local taxes, and other costs before deciding the retail price. Let's have a look at the current petrol and diesel prices in the city.

Petrol price in Birbhum

The petrol price in Birbhum remains relatively steady at Rs 104.92 per litre. Although they vary slightly from day to day and station to station. So, keeping a track of the cost is important to manage your daily commuting budget.

Diesel price in Birbhum

The diesel price in Birbhum today is Rs. 91.73 per litre.

The Indian government's decision to increase taxes on diesel fuels has also contributed to the price increase.

Fluctuating Fuel Prices in Birbhum

Fuel prices in Birbhum have been fluctuating dramatically in recent years, with sharp rises and decreases occurring seemingly overnight. The volatile nature of fuel prices presents a unique challenge to Birbhum residents and requires new strategies for budgeting transportation expenses.

Those seeking to remain financially secure must be cognizant of the factors influencing fuel costs and prepare accordingly. Additionally, local politicians must take notice of this issue and take action where possible to ensure sustainable prices for their constituents.

Tax bifurcations on fuel prices

Rising fuel prices are a constant concern for many people, affecting various aspects of their lives. To reduce the burden of fuel prices on taxpayers, many governments across the globe have implemented special tax bifurcations on fuel costs.

This practice has resulted in some respite for citizens and businesses alike. While there is still much to be done to reduce dependence upon high-cost fuels from other sources. Tax bifurcation is certainly one way to achieve this goal while offering financial advantages to those who purchase fuel or operate vehicles that use it.

The effects of petrol prices on an economy can be significant. High gasoline prices contribute to higher consumer costs and inflation. This can decrease economic activity such as consumption and investment. It can also cause people to cut back on spending on non-essential items, resulting in slower growth in certain sectors. Furthermore, high petrol prices may also reduce households' disposable income, reducing the ability to save and invest.

In addition, high petrol prices can lead to higher production costs for businesses, leading to reduced profits and even layoffs. This can knock on other sectors of the economy as people have less money to spend due to job losses.

Factors affecting the rise of fuel prices

  • Global oil demand

One of the main factors affecting the price of petrol is global oil demand. When the oil demand is high, prices tend to increase. This is because oil is a finite resource, and when demand is high, less oil is available to meet that demand. Additionally, when demand is high, oil-producing countries have more bargaining power and can charge higher prices for their oil.

  • Global economic growth

Another factor that can affect petrol prices is global economic growth. When the global economy is doing well, there tends to be more demand for oil, as businesses and consumers have more money to spend. This increased demand can lead to higher petrol prices.

  • Tensions in the Middle East

Tensions in the Middle East can also affect petrol prices. This is because the Middle East is home to many of the world's largest oil-producing countries. When tensions are high in the region, it can lead to disruptions in the supply of oil, which can cause prices to increase.

The Bottom Line

Keeping track of petrol and diesel prices in Birbhum is easy with the Park+ app or website. All you have to do is download the app and enable the notifications. It will let you know when prices change so that you can manage your budget more effectively. With the help of the app, you can track daily fluctuations and see how they compare with other cities' rates across India

FAQs

Why did the petrol price in Birbhum increase?

The recent increase in the petrol price in Birbhum can be due to multiple reasons. The rise of international crude oil prices has meant that fuel companies had to increase the cost of their end product, resulting in a higher price for consumers in Birbhum. Along with this, taxation on fuel products is also adding to the higher pump prices in this area.

What are the benefits of petrol cars?

Fuel has long been a key component of our society, providing power to both homes and automobiles. Despite some of its well-known drawbacks, such as unpleasant odours and increased air pollution, fuel has several advantages that should not be overlooked. The most notable advantage is its availability. It can serve as an alternative source of renewable energy for countries that are unable to produce their electricity or lack access to other forms of alternative energy. Fuel produces efficient combustion and runs quietly, making it ideal for recreational activities such as camping trips.

What is diesel fuel made of?

Diesel fuel is made from crude oil and biomass. The crude oil is processed to remove impurities and to produce different types of fuel, including diesel. The biomass can be used to produce ethanol, which can be added to the diesel fuel to increase its octane rating.