Dumka is a city and the administrative headquarters of Dumka district in the Santhal Parganas division of Jharkhand state. Fuel prices in Dumka have been fluctuating over the past few years. The diesel, CNG and petrol price in Dumka have been affected by various factors such as taxes, regulatory policies and international market forces. In this article, we will take an in-depth look at the fuel prices in Dumka and how they have affected the economy.

Petrol Price in Dumka

The petrol price in Dumka today stands at Rs 98.5 per litre. This rate is decided by the state government, together with the recommendations from the Indian Oil Corporation. This rate may vary from city to city and from one petrol station to another.

Diesel Price in Dumka

The current diesel price in Dumka is Rs 93.22 per litre. This rate is determined in the same way as that of petrol. This price is also prone to changes, depending on market forces and regulatory policies.

Fluctuations of Fuel Prices in Dumka

The fuel prices in Dumka have been fluctuating in recent years. The rates of petrol, diesel, and CNG have been affected by both international and domestic market forces and regulatory policies. The global crude oil prices have been volatile and this has had an impact on the fuel prices in Dumka as well.

Tax Bifurcations on Fuel Prices in Dumka

The current petrol and diesel prices in Dumka are subject to taxes. The state and central government levy excise duty and Value Added Tax (VAT). The total taxes imposed by the central and state government account for nearly 43.5% and 31.8% of the end price of petrol and diesel respectively.

Impact on Economy Due to Fuel Price

• The fluctuations in fuel prices have had a direct impact on the economy. The fuel prices have had an effect on the cost of transportation and the production cost of goods and services. This, in turn, has led to an increase in the cost of living and inflation.

• The rise in fuel prices has substantially increased the cost of transportation in Dumka. The increased fuel prices have severely impacted small businesses and daily wage labourers, as they are unable to afford increased transportation costs. The increased fuel prices have further impacted food prices as transporting food to the city has become more expensive. Additionally, the high fuel prices have led to an increase in electricity costs, which has also added to the financial burden of locals. The rise in fuel prices has severely impacted the local economy of Dumka, leading to a number of financial issues for the people of the city.

• Fuel is essential for the economic and social development of Dumka. It is necessary for agricultural production, transportation, manufacturing and other commercial activities. Poor access to fuel can limit economic opportunities in the region, leading to slower growth and higher unemployment. In addition, it can result in a lack of energy for basic needs such as heating, cooking, and lighting. In addition to this, lack of access to fuel can cause environmental degradation in rural areas, resulting in soil and air pollution. Improving access to fuel in the region will help drive economic development, create more jobs, reduce energy poverty and improve the environment.

• The cost of fuel has a significant effect on the economy of Dumka. The cost of fuel affects the cost of transportation, which in turn affects the cost of goods and services in the city. The cost of fuel also affects the cost of electricity, which affects the cost of running businesses and households. The cost of fuel also affects the cost of agricultural inputs, which affects the cost of food production. All these factors have a direct impact on the cost of living in Dumka.

• The cost of living in Dumka has increased due to the recent fuel price hike. Prices of essential commodities such as food, transportation, and other daily necessities have gone up. The cost of transportation has increased significantly, as fuel prices have gone up. This has made it difficult for people to commute to work or school. The cost of food has also increased, as the prices of vegetables, fruits, and other food items have gone up. Additionally, the cost of electricity and water has also in raise.

Conclusion

Fuel prices in Dumka have had a direct impact on the economy. It is important to keep an eye on fuel prices. Park+ is an online app and platform that is dedicated to helping users in finding the best prices of petrol and diesel across India. With their intuitive search engine and accurate pricing information, you can fill up your car or bike at the best possible prices.