|Komram Bheem Asifaba
Today Petrol Price in Telangana is INR 110.49 per liter and Diesel Price in Telangana today stand at INR 98.51 per liter.
Telangana had been an average fuel-consuming state for the past few years. But in recent times there was a notable increase in the consumption rate of petrol and diesel in Telangana. There was a major drop in the fuel consumption capacity of the state during the lockdown period. As the nation reopened after the pandemic, the fuel consumption level only went high enough to set a record for the state.
The state of Telangana was officially formed in 2014. Since then, the consumption of fuel has increased by 14 million metric tonnes and a major rise was seen in the last two years after the pandemic (2021-2022). Read the article ahead to calculate the percentage increase in VAT and excise duty common people have to pay due to this significant increase in fuel consumption.
Today's Petrol Price in Telangana is INR 110.49 per liter.
As of January 2023, the petrol price in Telangana is recorded to be more than a hundred rupees per litre. This was the rate at the start of the year. Ten days after, the state has already observed a significant rise in petrol prices. This significant rise in the petrol price in Telangana has been a major concern among the general public. Petrol price in Telangana has been a topic of concern since the state is already consuming the least amount of fuel in the southern part of India.
In Telangana, fuel prices are revised daily at 6 a.m. Here is a breakdown of the VAT percentage, the dealer commission and the current petrol price in Telangana:
VAT (state excise duty): 35.20%
Dealer commission: 5% (approx.)
Total price: More than a hundred rupees per litre (fluctuating constantly)
The Diesel Price in Telangana Stand at INR 98.51 per liter.
The diesel price in Telangana since the start of 2023 has been constant. The state has recorded no change in the first ten days of the year. Moreover, the price has remained to be constant for the last six months in Telangana. Unlike petrol, the diesel price in Telangana has given you a state of relief.
The diesel price in Telangana is also revised daily at 6 a.m. Earlier, these prices used to get revised at midnight. The actual price of diesel in the state includes VAT percentage, dealer commission and the price of the fuel. Due to this, the price at which the fuel is sold to you is nearly doubled after the addition of taxes.
The petrol price in Telangana has been a topic of concern among both the general public and the governing authorities. This is due to a major fluctuation which is being constantly recorded in the state. Another reason for this concern is that the petrol price in Telangana is constantly rising even though the state is among the lowest consumer of petrol in southern India.
Diesel price in Telangana has given the public and the authorities a reason for relief. This is because the state has recorded not the slightest fluctuation in diesel prices for the last six months. Even in 2023, there has been no increase in the fuel price of the state. In such a scenario, you can look for a downfall in diesel rates in the coming days.
As Telangana has recorded major fluctuations in petrol prices, many other major states of the country are also experiencing a similar situation. This has led to a major impact on the nation's economy. But how? The fuel price inflation throughout the country has led to a chain of excessive spending by the common man and hence people are unable to save much for other expenses. Moreover, dealers are constantly looking to recover their past losses which have led to a rise in fuel prices at a rapid rate.
This impacts the economy in a major way since people who do not own a vehicle are also forced to spend more. This will be due to the reason of increased commodity prices, online shipping and several other similar reasons. Therefore, it will create an overall impact on the economy.
Thus, it can be concluded that petrol prices in Telangana are a major cause of concern for the common man while there is a slight relief from the diesel prices in Telangana.
Petrol and diesel prices in a country are determined by the price of crude oil and the total amount of oil imported or exported internationally from a country.
As the price of crude oil increases or decreases, it directly affects the Indian economy. This is because based on the price of crude oil, the import bill of India will vary therefore affecting its total GDP.
The major reasons for high fuel prices in India include high commissions charged by dealers, excessive excise duty, the increasing demand for the fuel each day and the shortage of fuel worldwide which makes import difficult.