Petrol and Diesel Price in Korba

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DayChange

Petrol-0.25

Diesel-0.25

CNG

Today100.1293.07NA
25 Nov100.3793.32NA
24 Nov100.1293.07NA
23 Nov100.0893.03NA
22 Nov100.0893.03NA
21 Nov100.0893.03NA
20 Nov100.1193.07NA
19 Nov100.1293.07NA

Note : there may be slight variations in prices across outlets within a city

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Korba is a city and an industrialized centre in the Korba district, in the Indian state of Chhattisgarh. Korba is a major industrialized hub in Chhattisgarh and consists of many coal mines. Korba produces around 16 per cent of India's coal and is also an electricity hub capable of producing 6,428 MW of thermal power. Such a rising Industrialized town comes with rising transportation needs.

Fuel prices play a major role in moulding a region's economy. The lives of citizens, the productivity of major businesses and industries, trade and transportation and a lot more depend on the fuel prices of the region. Compared to many other regions of India, Korba has seen major fluctuations in its petrol and diesel prices across the year. Petrol price in Korba has been all over the place throughout this year and even during the last week, there have been significant fluctuations.

Petrol Price in Korba

Petrol prices have seen significant fluctuations throughout the year in Korba. The petrol price in Korba today is INR. 100.12 per litre. The last ten days have seen a trend where the petrol prices in Korba have been fluctuating between INR. 100.08 and INR. .

Diesel Price in Korba

Today's diesel price in Korba is INR. 93.07 per litre. The diesel prices in Korba have risen and fallen throughout the year 2022, with the lowest rate touching INR. 95.13 on June 26th and August. In the last ten days, the diesel prices in Korba have fluctuated between INR. 93.03 and INR 93.32. There was a 2.25 per cent rise in diesel prices in Korba between December 1st and December 6th. In the month of November, a similar trend was observed as the lowest and peak values were the same as that in December.

Fluctuating Fuel Prices in Korba

Several factors affect the prices of fuel in India in general and Korba in particular. Some of these factors are as follows:

  • International and domestic oil and gas prices

  • Crude oil prices

  • State and Central taxes

  • Refining costs

  • Freight costs

  • Profit margin of the seller

  • Profit margin of distributor

  • VAT charges

  • Pollution prevention costs

  • Dealer profit margins

  • US dollar to rupee exchange rate

As of June 2017, the prices of fuel are revised daily through a process known as the dynamic fuel price method. Before that, the prices were revised after every two weeks. With the implementation of the dynamic fuel price method, petrol and diesel prices are revised at 6:00 a.m. every day.

Conclusion

Fuel prices are dynamic and are subject to various external and internal factors. For an individual who is always on the move, it is necessary to keep track of the changing fuel prices in the different regions of the country. Visit the Park+ website to keep track of petrol prices in Korba today. You can also check and keep track of petrol, diesel and CNG prices all over India by visiting the Park+ website.

FAQs

How to know the petrol price in Korba?

To stay updated on the petrol price in Korba, visit the Park+ website or download the Park+ app today. You can check the daily fuel prices in Korba or any other region in India. Simply, open the app/website and type the name of the desired location in the search bar. You can also enable a reminder to get notified about daily petrol, diesel and CNG prices.

Why is petrol cheaper in Delhi?

The petrol prices in Delhi are cheaper compared to most other states. Following the new policies of the government of Delhi, there has been a reduction in VAT (value-added tax) charges on petrol. Further, the prices of fuel depend on the state duty charges. Since Delhi is a union territory, it is exempt from state duty on petrol.

Why are petrol and diesel prices rising in India?

The rising prices of crude oil and increasing state and central tax charges on fuel have resulted in a hike in the prices of petrol, diesel and CNG in India. Moreover, supply and demand factors, production costs and global shortages are some of the factors which have resulted in such a hike in fuel prices across the country. To top it off there is a global shortage of diesel which makes matters worse.