Petrol Price in Thrissur

There are various key factors that contribute to the slight changes in petrol prices in Thrissur. Have a look at what these are:

International Crude Oil Prices

Global crude oil prices are among the key factors affecting petrol prices in Thrissur. The global oil market is highly volatile, and events such as geopolitical tensions, supply disruptions, or fluctuations in oil production can lead to changes in prices. When there is a rise in global crude oil prices, the cost of petrol in Thrissur increases as well.

Currency Exchange Rates

Considering how the Indian Rupee fares against the US Dollar in exchange rate plays a crucial role in deciding the price of petrol. The price of crude oil is in US Dollars, and a weaker rupee increases the cost of crude oil imports, ultimately raising petrol prices in Thrissur.

Taxes and Duties

Petrol in India is subject to various taxes, including central excise duty and state VAT (Value Added Tax). Kerala has relatively high VAT on fuel, which contributes significantly to the final price of petrol in Thrissur. These taxes can lead to more expensive fuel in the state compared to other regions with lower tax rates.

Supply and Demand

Increased demand for petrol, especially during holidays or festival seasons, can result in price hikes. Additionally, if there is a disruption in the supply of petrol due to reasons such as strikes or oil refinery maintenance, prices can also hike up. 

Transportation Costs

Transportation costs associated with the delivery of fuel from oil refineries to petrol stations also contribute to the final price of petrol. Areas farther from major petrol supply points, such as certain parts of Thrissur, may face higher prices due to increased logistical expenses.

Petrol rates in Thrissur are updated on a daily basis at 6 AM under the dynamic fuel pricing system. You can use your credit card to make payments conveniently at the fuel station, ensuring a smooth and quick transaction. This system is designed to ensure the accurate reflection of petrol prices in international oil prices and currency exchange rates. By updating prices regularly, the system aims to keep domestic fuel prices aligned with global market trends, providing better transparency for consumers.

The daily price fluctuations also account for changes in the value of the Indian Rupee against the US Dollar, as crude oil is traded in dollars. Consequently, the costs of petrol in the city of Thrissur can rise or dip depending on how the Rupee performs against the Dollar.

Increasing petrol prices can have a significant impact on daily expenses in Thrissur. The increased cost of petrol can impact various aspects of daily life:

Increased Transportation Costs

With rising petrol prices, both public and private transportation costs increase. This can result in higher commuting expenses for people relying on personal vehicles or public transport. In the case of public transport, fare hikes may occur to offset the increasing operational costs of running buses, taxis, or auto-rickshaws.

Inflation in Goods and Services

Higher petrol prices often lead to an increase in the cost of goods and services. This is because transportation costs for goods rise, resulting in increased prices for products that are delivered by road. This ultimately results in inflation. Consequently, consumers may notice a hike in the prices of essentials like food, medicine, and household goods.

Reduced Disposable Income

As households reallocate portions of their budget to cover for fuel costs, other discretionary expenses such as entertainment, dining out, and shopping may see cutbacks. Such a chain reaction can impact the overall quality of life, especially for low-income households.

To effectively lower the impact of rising petrol prices, consider taking guidance from the following tips:

Use Public Transport

Making good use of public transport is an excellent way to cut down on fuel expenses. Thrissur has a reasonably well-established network for public transport, and using buses or shared taxis can very well lower your transportation costs.

Carpooling

Sharing rides with other passengers can help reduce the number of vehicles on the road, reducing the consumption of fuel. Carpooling is not only cost-effective but also helps reduce traffic congestion in the city.

Regular Vehicle Maintenance

Keeping your vehicle in good condition on a regular basis is essential for optimal fuel efficiency. Regular servicing, tyre inflation, and engine checks can significantly help reduce fuel consumption and improve mileage.

Adopt Efficient Driving Practices

Driving habits also play a significant role in fuel efficiency. Avoiding impulsive actions like sudden accelerations and braking, maintaining a steady speed, and reducing idling time can help save fuel. Additionally, switching off the air conditioning when not necessary can improve mileage.

Monitor Fuel Prices

Keeping a regular track of daily fuel prices allows you to plan refuelling when prices are dipping low. Many apps and websites provide real-time updates on the prices of petrol, which can help you save money by filling up at the right time.