Note : there may be slight variations in prices across outlets within a city
Popularly known as the Powerhouse of Odisha, Jharsuguda is the home of many industries. Most of the industries in this city are thermal power plants. So, people living in nearby cities travel to this city as their workplace is located here. The petrol price in Jharsuguda can have an impact on your monthly budget.
The petrol price in Jharsuguda today. It is INR 103.23. Petrol price in Jharsuguda has been almost in this range without many fluctuations for the past week.
For the past week, the rupee value has remained the same, and the price change is happening in the paise part alone. Increasing petrol prices is always a cause for concern as most people use petrol-based vehicles.
One of the important reasons people show interest in petrol engines is their better initial acceleration. The diesel-based vehicle lacks this acceleration.
The diesel price in Jharsuguda today is INR 94.81. Like the petrol price in Jharsuguda, the diesel price has also not experienced many changes in the past week.
Only once in the past week, the price reached INR 95.24.
Jharsuguda is one of the cities in Odisha State. So, the tax rules that the entire state follows apply to Jharsuguda as well. Nowadays, most of us are concerned about increasing fuel prices. The reason is that the petrol price in Jharsuguda has an impact on all other prices as well.
For instance, when the price of petrol increases, the price of vegetables and milk will also increase. The reason is that all these essential supplies are carried from one part of the country to another through transportation alone. In turn, the prices of all other essential things also increase.
The Central Government cut down on the excise duty on petrol in late 2021. After this announcement, the state government of Odisha also slashed the state-levied Value-Added Tax or VAT on Petrol. Now, the VAT levied on petrol by the state government is 24.58%.
The petrol price in the entire state stays slightly above INR 100 after the state government imposed VAT. The price change happens every day in the city by 6 am. The fuel stations in the state make the appropriate changes as soon as the price changes happen at 6 am every day.
When the cost of living increases, there will be an increase in inflation as well. To keep inflation in check, the Reserve Bank of India increases the rate of interest.
When inflation increases, the need for borrowing also increases for normal breadwinners. They find it hard to manage the increasing costs of items that they regularly buy. So, they are forced to borrow.
In short, increasing fuel prices can lead to a lot of ill effects. In the long run, it can lead to an increase in the inflation rates as well.
As mentioned earlier, the Park+ app can help you keep track of daily fuel prices. You can get daily updates on fuel prices from this app, irrespective of whether you use diesel, petrol or CNG in your vehicle. When you use this app, you can get daily notifications on petrol prices in Jharsuguda, diesel prices in Jharsuguda or CNG prices.
With the Park+ App, you can keep an eye on the daily fuel prices. As a result, you can choose a day when the price of gasoline is lowest to fill up your vehicle's tank.
You can know the petrol price in Jharsuguda and the cost of other fuels right from your smartphone. The Park+ App can help you with this purpose. You can download the app to your Android phone and keep yourself updated on the petrol price in Jharsuguda today.
Be it petrol price or diesel price in Jharsuguda, the cost is determined based on different factors. Examples include taxes, distribution and marketing costs, refining profits and costs and the cost of crude oil to name a few. In India, fuel costs are determined by State-Owned Oil Marketing Companies. The same happens in Odisha as well.
Benchmark costs of diesel and prices are associated with crude oil prices, as crude oil is the key production input. This oil is a commodity that is internationally traded. Its price depends on the changing international supply and demand factors. This is the important reason for changes in fuel prices daily.