Petrol Price in Panjim

The latest petrol price in Panjim is ₹96.71 as of November 13, 2025. Here is a breakdown of the petrol prices in Panjim for the last 10 days:

Prices of petrol in Panjim are affected by multiple factors. The key factors include: 

• Global crude oil prices:  India largely depends on other countries to import crude oil in the country. This is used as the prime component in petrol processing and distillation. Thus, movements in the price of global crude oil can influence local petrol prices in Panjim. As global crude oil prices surge, so do petrol prices in Panjim.

• Foreign exchange fluctuations: Worldwide, crude oil is transacted in US Dollars. Every movement in the Indian Rupee against the US Dollar can affect petrol prices in Panjim. For instance, if the Indian Rupee goes down against the US Dollar, the cost of importing crude oil rises, thereby increasing the prices of petrol in Panjim.

• Additional duties: According to latest news, the Central government imposes a basic excise duty of ₹13/litre and which further adds cess and other surcharges to become ₹19.90/litre on petrol prices across the country. Above this, the state government also levies a VAT that varies across states in India. For Panjim, the Goa government charges a VAT of 21.5% + 0.5% green cess. Thus, petrol prices in Panjim are influenced by any updates in the duties or taxes levied on petrol in the state or country. 

• Local factors: The logistics and transportation costs for petrol differs across each state and region. Commissions and markups on petrol prices by each pump may also vary. Together, these local factors can influence any fluctuations in Panjim’s petrol price. 

• Daily revisions: In Panjim, like other cities, petrol prices are revised daily based on changing international crude and macro-factors. For example, petrol prices in Panjim are updated each day at 6 AM.

The petrol prices in Panjim are updated daily at 6 AM, based on the ‘dynamic fuel pricing’ mechanism, adopted in June 2017. This was suggested to ensure a clear, direct and real-time framework that reflects all changes in influencing factors like worldwide oil prices, currency rates, taxes and duties, and more. The changes are updated by oil marketing companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum.

Understanding the impact of fuel prices on daily budgets for households and tourists in Panjim is important. Notable impacts include:

• Surged travel expenses: Higher fuel costs lead to surged travelling costs within the city of Panjim. Locals and tourists may face hiked up costs for commuting on the road. Be it personal vehicles, cabs, or local transport- all face the brunt of rising fuel costs. This may lead to lower travel demand.

• Increased prices for essentials: Most traded goods, including essentials, are transported using local transport by road. Therefore, as petrol prices rise, the cost of essential goods may also increase. Necessary items like vegetables and fruits may also feel the pressure of rising petrol prices. 

• Reduced disposable income: If petrol prices spike, so does the overall spending by each household incurring monthly fuel costs on travelling. This may impact their disposable income, in a small or big way. 

• Impact on tourism and local businesses: With surging fuel costs, travel expenses and local commute costs go up. This could potentially lower the tourism demand in a city like Panjim. This, in turn, reduces the sales and revenue for small local businesses like cafes, small shops, car rentals, and others. 

Here are some practical tips to save on fuel costs in Panjim:

1. Maintain Your Vehicle Regularly: Keep your engine tuned, air filters clean, and tires properly inflated. Regular servicing improves fuel efficiency and reduces consumption.

2. Drive Smoothly: Avoid sudden acceleration and harsh braking. Driving at a steady speed consumes less fuel.

3. Avoid Idling: Turn off your engine when waiting for extended periods, like at traffic signals, to prevent fuel wastage.

4. Use Good-Quality Fuel: Always fill petrol from trusted stations to ensure the fuel is not adulterated, improving engine performance and mileage.

5. Change Gears Timely: Shift to higher gears as soon as possible to reduce engine strain and save fuel.

6. Limit Air Conditioner Use: Use AC sparingly, as it increases fuel consumption.

7. Plan Your Trips: Combine errands into one trip and avoid peak traffic hours to reduce fuel wasted in stop-and-go traffic.

8. Lighten Your Vehicle Load: Avoid carrying unnecessary weight; more weight reduces mileage.