Petrol, Diesel Price in Panchkula

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Today95.8588.67NA
25 Nov95.8588.67NA
24 Nov95.7288.54NA
23 Nov95.8588.67NA
22 Nov95.7288.54NA
21 Nov95.7188.54NA
20 Nov95.8388.65NA
19 Nov95.8388.65NA

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

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Panchkula is a city and district headquarters of the Panchkula district, part of the Ambala division in the North Indian state of Haryana. As a fast-growing city of Haryana, Panchkula is experiencing a significant increase in the number of petrol and diesel-based vehicles.

Similar to the other parts of India, the latest petrol and diesel prices in Panchkula are rising. Such rising fuel prices have a strong and wide range of impacts on the lives of citizens. The petrol price in Panchkula is increasing due to the rising crude oil prices. The global financial crisis is also affecting the crude oil market.

Learn more about the current petrol and diesel prices in Panchkula, Haryana.

Petrol price in Panchkula

The petrol price in Panchkula is ₹ 95.85 per litre. Compared with the prices of the last eight days, we see that the petrol price has fluctuated between ₹ 95.71 and ₹ 95.85.

Diesel price in Panchkula

The current diesel price in Panchkula is ₹ 88.67 per litre.

This price is slightly higher than the diesel price in most other states. The cost of diesel in Panchkula has been fluctuating between ₹ and ₹ .

These prices already include the state taxes incurred on fuel prices along with excise duties.

Fluctuations, tax bifurcations, impact on the economy

Fluctuations in the price of petrol and diesel take a heavy toll on the pockets of the common people of Panchkula. It increases the prices of most commodities and products like food products and essential items that are transported from different cities to Panchkula. The rising fuel prices also increase transportation costs tremendously. This in turn makes those essential commodities more expensive.

Also, most of the personal travel gets affected too. People who prefer to travel by public transport also have to pay higher fares due to a rise in petrol and diesel prices.

But the real question is - what are the reasons behind the rising petrol and diesel prices in Panchkula?

Major fluctuations in fuel prices occur because of disruptions in the international financial markets. Not only this, the situation is further worsened by the rise of the US dollar and the fall of the Indian rupee. Thus, prices of fuel in Panchkula have been increasing on a daily basis.

However, an interesting observation to make is that the petrol and diesel prices in India have remained low as compared relatively to most other countries in the world, especially the developed nations. A major reason behind this is that India is able to import crude oil from Russia at discounted rates at the beginning of the Russia-Ukraine crisis.

Fuel prices can be made more affordable if the government takes the necessary steps to ease away and reduce the burden of high fuel prices. Thus, governments also have a crucial role to play in such a situation by reducing the taxes on fuel prices. This step by the government can give some relief to people and reduce the burden of high fuel costs from their shoulders.

Conclusion

So that was all about the petrol and diesel price in Panchkula. We hope you found this article helpful and that we were able to offer some valuable information to you.

In case you are looking for an easy-to-use application to monitor the daily fluctuations in diesel and petrol prices in Panchkula, make sure to download the Park+ app today! That app helps people find out the latest fuel prices in any state or city in India within a few clicks. Alternatively, there is also a website version available for the app for those who access the mobile application. Thus, finding out about the information on the rising petrol and diesel prices in Panchkula has now become easy.

FAQs

How can the government make the diesel and petrol price in Panchkula more affordable?

The diesel and petrol price in Panchkula and the rising fuel costs hit hard on the daily commuters, who often have to travel long distances. It is difficult to predict if these prices would come down in the coming days. The fuel and energy crisis is ought to stay for longer. However, the central government can reduce or cut the excise duties on fuel. Similarly, the state governments can cut state taxes on fuel to make fuel prices more affordable for common people.

Why are fuel prices rising globally?

The rising fuel prices are significantly impacting the common people. These rising prices are primarily a result of the unstable international financial situation caused by the Russia and Ukraine war. This war has disrupted the supply of oil and gas to most states. This has resulted in higher import costs and therefore, fuel prices in India are also on a rise. Also, the world is also recovering from the covid-19 pandemic, but its effects are still present and would go away slowly.

Thus, these two reasons can be seen as the primary reasons why fuel costs are soaring excessively high in Panchkula and in other parts of India.

Can we predict diesel prices in Panchkula for the next week?

In Panchkula, the petrol price has not fluctuated much. However, even the slightest change in the prices makes a big difference. Though it is difficult to really predict anything regarding fuel prices, the rising diesel prices are sure to keep making your pockets lighter in the coming days too.