Petrol, Diesel Price in Palakkad
Previously known as Palghat, Palakkad is one of the oldest cities in Kerala. Known for its iconic temples and picturesque locations, Palakkad receives a steady number of tourists every year. Not only this, but the city is also experiencing a rise in the number of factories, industries, and businesses. All have led to a rise in the demand for petrol and diesel in Palakkad.
Along with industries and businesses, the demand for fuel by individual vehicle owners is also increasing. Thus, the constant fluctuations in the diesel and petrol prices in Palakkad affect everyone. Whether you are a resident of the city, have a business there, or planning to travel there, being aware of the latest fuel prices is imminent to stay on top of your daily budgeting.
Continue reading to learn more about the current fuel prices in Palakkad and the reason for their fluctuations.
Petrol Price in Palakkad
The petrol price in Palakkad today is Rs. 106.59/litre.
Diesel Price in Palakkad
The diesel price in Palakkad today is Rs. 95.52/litre.
Reasons for fuel price fluctuations in Palakkad
There are multiple factors that affect the petrol and diesel price in Palakkad. In this section, we will have a close look at some of these factors.
Fuel prices in Palakkad have been rocky this year, mirroring the scenario in the rest of the country and the world. However, following the centre's decision to cut taxes on fuel prices, the Kerala government slashed the prices of petrol and diesel in May 2022. This was done to help the Indian masses tide over inflationary prices. Following this, fuel prices in Palakkad have maintained a reasonable position as seen in the statistics from the later months.
Here are some major factors that continue to affect fuel prices:
The global tensions: The impact of the Russian-Ukrainian war was amplified by the worldwide recession caused a sharp rise in prices of crude oil products around the world.
The Rupee-Dollar exchange rate: The weakening of the Indian rupee against the dollar and the increase in crude oil prices in international markets.
Excise duty levied by the Central Government of India: India imports a large about of crude oil from foreign nations. Thus, the central government of India also levies heavy excise duty on crude oil.
State’s VAT tax on petroleum products: One key factor that has a significant impact on the diesel and petrol prices in Palakkd is the imposition of the VAT tax. Every state has levied its own VAT tax on petrol. Some levy high VAT tax and some states levy low tax. This is why there is a difference in the price of petrol in different cities of the country.
If you're on a vacation to Palakkad, familiarizing yourself with the current petrol and diesel price will help you stay ahead of the curve. If you're riding a taxi or auto to work daily, staying updated with recent price changes will protect you against exploitation. It will help you save time on planning your daily, weekly, or monthly budgets for travel.
Conclusion
Staying connected to the daily diesel and petrol prices in Palakkad is very easy with the Park+ App. You can download the Park+ App on Play Store or App Store and check out the fuel prices from all parts of India. It has a user-friendly interface that allows you to set up notifications about the petrol or diesel price as per the location of your choice. You will be able to always stay on top of fuel price changes in the country and prepare your budget efficiently. Download the app now.