Jhargram is a well-known tourist destination in West Bengal due to the forests nearby and also the temples and royal palaces. The main occupation in the region is agriculture. Being such an important city with a large flow of tourists, the region depends heavily on its vehicles. So the petrol price in Jhargram is followed with a close eye by many people. Any change in prices can affect the budget of those who plan to travel here.
Petrol price in Jhargram
Petrol is very important as most vehicles run on it. The petrol price in Jhargram today was ₹106.46 per litre. Fuel costs in Jhargram have been holding fairly steady in the last few days.
The fluctuations over the past 8 days have ranged between ₹106.27 and ₹
So why do petrol prices change? Changing demand and uneven supply of crude oil lead to changes in the prices of crude oil and the price of petrol. Political turmoil in the country of extraction of crude oil also impacts global petroleum prices. So does unexpected bad weather on the high seas which affects the shipping routes of oil.
High-quality crude oil costs higher and its import increases the cost of petrol locally. Developing countries like India have a high demand for oil and this demand is expected to increase as the countries develop economically. These and many other factors are very consequential in determining the price of petrol both globally and in India.
Diesel price in Jhargram
Most expensive cars which have high-end engines require diesel fuel. So the price of diesel affects the owners of these cars directly. The diesel price in Jhargram for the day was ₹92.95 per litre.
In the last eight days, the cost of diesel in Jhargram has not shifted too much from its recent mean and stayed between ₹92.77 and ₹92.95. Even though diesel prices are lower than petrol, it is still getting frightfully close to ₹100 and people can only absorb very little fluctuation from the current price of diesel at this point.
The main driver of diesel prices is tax. In fact, diesel is priced lower than petrol principally because petrol is taxed more. But these same taxes increase each year and the diesel price slowly creeps up. In fact, the taxes are predetermined as amounts of money per litre of fuel and decided as a percentage of its price.
So even if the diesel is imported for lower prices, the tax paid for it does not decrease than the predetermined amount. Besides, the tax paid during import is more central taxes like VAT and GST. On top of these, the state determined taxes add to a huge tax bill paid by each customer. This makes the diesel price go higher.
Conclusion
The price of petrol, diesel and CNG have such a great impact on the lives of people and how they earn their livelihood. So everyone has a vested interest in monitoring the oil prices of the day. The Park+ App is a convenient resource for this. You can download the app and search for Jhargram or any other location in India. You can then look at the price of petrol, diesel and CNG for the past 8 days and compare across locations.