DayChange | Petrol-0.59 | Diesel-0.53 | CNG |
---|---|---|---|
Today | 107.73 | 93.03 | NA |
05 Oct | 108.32 | 93.56 | NA |
04 Oct | 107.73 | 93.03 | NA |
03 Oct | 107.73 | 93.03 | NA |
02 Oct | 107.73 | 93.03 | NA |
01 Oct | 108.12 | 93.38 | NA |
30 Sep | 107.71 | 93.01 | NA |
29 Sep | 107.73 | 93.03 | NA |
Note : there may be slight variations in prices across outlets within a city
Khandwa is an iconic city in the Indian state of Madhya Pradesh. It is famous for its ancient ponds, British architecture, and religious structures - especially Jain and Hindu places of worship. The city is well-connected by road network to all major cities in India.
The city sees several tourists each year who visit the city to relish the colonial-era buildings & monuments. So, the petrol price in Khandwa is integral to the proper functioning of its tourism industry and impacts the overall economy of the city to a great extent.
The petrol price in Khandwa today is INR 107.73 per litre. Price of petrol here did not go below INR 107.71 in the last week.
It usually stays within the range of INR
The diesel price in Khandwa today is INR 93.03 per litre.
Typically, the diesel price here does not exceed INR 93.56 per litre or go below INR
Diesel is extracted from crude oil in refineries using the costly process of fractional distillation. The amount of crude oil India buys from overseas has a direct impact on the domestic fuel price. India currently imports 85% of its crude oil requirements from other countries.
The MP government acquires a lot of taxes from diesel sales in the state. This makes the local diesel price go up further, acting as a secondary factor for the price increase.
Here are a few steps that can help consumers with the cost of living crisis to some extent:
Tax reduction - Reducing taxes on petroleum products will directly reduce the cost of transport and reduce the prices of several consumer goods. This will aid businesses and help mitigate the financial worries of the common man, boosting the economy significantly.
Creating alternative revenue sources - Instead of relying heavily on fuel taxes, the Indian government should create new revenue sources. This can include increasing the tax slab for the ultra-wealthy, recovery of bad loans of public sector banks, etc.
More investment to explore oil reserves in the country - With more people buying private vehicles after the pandemic, our dependence on diesel and petrol continues to rise. This makes India more reliant on countries like America and the Middle East. To reduce this, we should explore oil reserves in India as well as more investment in renewable energy sources.
More push for electric vehicles - The government should encourage more people to adopt electric vehicles and use renewable energy sources more. This will help preserve our trade deficit and also push us towards eco-friendly living.
You can closely monitor petrol, diesel, or CNG prices across different cities and districts easily, using the Park+ app. If you are interested to know the up-to-date petrol or diesel price in Khandwa - just log into the app, and on the search bar, type - Khandwa.
The app can notify you regularly with updates about fuel price changes such as hikes in CNG prices, falls in diesel prices, price information across several cities, etc. So, make sure to download the Park+ app from Google Playstore today!
The petrol price in Khandwa gets updated daily at 6:00 AM, depending on the international price of crude oil. The Rupee-Dollar exchange rate also influences the domestic price of petrol. This method of daily price revision is known as the dynamic pricing system for fuel.
This process is beneficial for both consumers and oil companies as it does away with any middle-man influence on fuel prices. When the price of global crude oil goes up, any price shift will instantly reflect on the domestic price.
Indian Oil Corporation Limited (IOCL) is India's largest oil & gas transporter and marketer. The company has its main base in New Delhi and ranks in the coveted list of Fortune 500 companies. It has intentions of expanding internationally and securing its offices in nations like - UAE, Mauritius, Sri Lanka, etc.
The top mileage cars (petrol) in India are as follows - Maruti Alto 800, Tata Tiago, Maruti Dzire, Maruti Celerio, etc.