Diesel Price in Odisha

Odisha is an eastern state and it was previously known as Orissa. It is the ninth largest state in terms of area and 11th biggest in terms of human population. The state has highest tribal population in the country. The state is experiencing a steady economic growth. It has abundant natural resources in terms of coal, iron ore, bauxite reserves and chromite. The availability of natural resources has led to the development of industries and creation of employment opportunities.

Diesel Prices in Odisha

The prices of diesel will be changed on a regular basis once in the morning starting at 6 am and the same will come into effect across all the fuel filling stations in the state of Odisha. The country adopted dynamic fuel pricing technique starting from June 2017 with an intention to price the fuel in domestic market in sync with the global crude oil which keeps on fluctuating regularly. Apart from this the currency exchange rate also plays an important role in determining the diesel prices in India.

Currently, the rallying crude prices have led to the rise in domestic diesel prices in India including the domestic market of Odisha.

The new pricing model will pass on even the slightest change in the global market and currency exchange rate to the end consumers promptly. For example: if the crude oil surges up in the global market then the prices of diesel will be hiked in India and vice-versa.