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.

Petrol price in Khandwa

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 per litre to INR 108.32 per litre. The locals are finding it difficult to deal with the cost crunch, as prices of most goods and services have gone up in recent months. The price of petrol is further increased by huge excise duties on the sale of petrol in the state.

Diesel price in Khandwa

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 per litre. Demand for diesel in the city is huge as inter-city commute, predominantly happens via buses and cars that use diesel.

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.

Possible steps to mitigate the adverse effects of higher fuel prices

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.

Conclusion

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!