Petrol and Diesel Price in Mandla

Mandla is a city in the state of Madhya Pradesh surrounded by the River Narmada on its three sides. This city also serves as Mandla District's administrative headquarters. The fuel prices in Mandla, decided by IOCL or the Indian Oil Corporation, can fluctuate regularly due to a variety of reasons. Since fluctuations in fuel prices can affect different aspects of the economy, it is important for people living in Mandla to be aware of the daily fuel prices.

Petrol Price in Mandla

The petrol price in Mandla today, is INR 107.03 per litre.

Diesel Price in Mandla

The diesel price in Mandla today, is INR 92.38 per litre.

Factors affecting diesel and petrol price in Mandla

Fuel prices are set every day at 6:00 am by oil marketing companies (OMCs) such as HPCL, BPCL, and IOCL. These OMCs set the fuel prices by considering a variety of factors. Some of them include:

Price of crude oil

The price of crude oil is a major factor influencing petrol pricing. Crude oil prices are highly erratic, and they can change daily depending on factors ranging from international fuel demand and sociopolitical conflicts happening around the world. Situations like the COVID-19 pandemic and the conflict between Ukraine and Russia can have an impact on the price of crude oil.

Refining and associated costs

Crude oil needs to be refined before OMCs can distribute it to the end consumer. The refining process requires equipment and energy, the cost of which gets added to the final price of fuel. Similarly, other components that get added to the fuel prices include the wages of refinery laborers, warehouse and factory charges, and other logistics expenses. Prices can also vary depending on the location of the consumer. In remote areas, the fuel prices may be slightly more, since the transportation costs are higher as they are located far from the refineries.

Taxes

Both the central and state governments in India levy taxes on individuals for fuel consumption. The excise duty levied by the central government is fixed and does not change with fuel prices. The tax levied by the state, the sales tax or VAT, is determined by taking a number of factors into account including dealer commissions and tax levied by the centre. VAT is also different in different states. In Mandla, Madhya Pradesh the total VAT includes components like 33% VAT, Rs.4.5/litre VAT, and 1% Cess.

Exchange rates and market conditions

Fuel prices can fluctuate depending on the strength of the dollar. When the value of the USD rises compared to Indian Rupee, the fuel prices in Mandla will increase and vice versa. Similarly, fuel prices can change with fluctuating demand in the market. For example, fuel prices decreased during the COVID-19 lockdown due to decreased demand.

How does increasing fuel prices affect the people of Mandla?

Rising fuel prices in Mandla directly affect four-wheeler and two-wheeler owners residing in the city. But along with this, there are some other ways in which increasing fuel prices can affect the people of Mandla.

• With increasing fuel prices, the cost of public transport like buses and autorickshaws can increase. This can severely affect the people who commute in the city using these transportation means.

• In many cities in India including Mandla essential commodities like grains, vegetables, and fruits are transported from agricultural areas to the city using trucks. An increase in fuel prices will increase transportation expenses, leading to an increase in the prices of such essential commodities. This price change is reflected not just in essential items, but also in other consumer products.

• Rise in fuel prices can also affect the automobile industry. Vehicle sales can decrease significantly with increasing fuel prices and this can lead to a slump in the sector causing many people to lose their jobs. Since the auto industry is one of the biggest employers in the country, this can lead to cascading effects causing families to fall into poverty.

Conclusion

The residents of Mandla should be aware of the daily fluctuations in fuel prices in the city to plan their daily travels accordingly. People can easily keep track of the changes in diesel and petrol prices in the city using the Park+ app. This app not only gives users daily fluctuations in fuel prices but also other vehicle-related services like FASTag services, checking owner and vehicle details, FASTag services, finding parking spaces, car wash services, etc.