Petrol Historical Price Trend in Panjim, Goa
The historical petrol price trend in Panjim reflects how fuel prices have changed over the years due to economic conditions, crude oil price movements and taxation policies. As the capital city of Goa, Panjim records steady fuel demand from residents, tourists, commercial establishments and transport operators throughout the year. The historical petrol price trend discussed here is also applicable to nearby locations including Mapusa, Margao, Vasco da Gama, Ponda, Porvorim, Old Goa, Candolim, Calangute, Bicholim, Sanquelim, Quepem, Curchorem, Canacona and other surrounding districts where petrol prices generally follow similar revisions.
Historical Petrol Price Overview from 2017 to 2026
The available historical data begins with a petrol price of ?62.01 per litre on 01 May 2017. During 2018, petrol prices increased from ?64.45 in January to ?72.15 in June. This represented an increase of approximately 11.9% within six months, making 2018 one of the strongest periods of fuel price growth in the available records.
The trend remained positive during 2019. Petrol cost ?61.29 per litre in January before increasing to ?65.05 by June, reflecting a rise of nearly 6.1%. Although prices remained lower than 2018 levels, the first half of 2019 still witnessed a noticeable upward movement.
Petrol Price Analysis During 2020 and 2021
In 2020, petrol prices experienced a temporary correction. The price declined from ?71.14 per litre in January to ?68.56 in June, a reduction of approximately 3.6%. Reduced travel demand and weaker international crude oil prices contributed to lower fuel prices during this period.
The market recovered strongly in 2021. Petrol prices increased from ?80.62 in January to ?92.39 per litre in June, representing a significant increase of approximately 14.6% within six months. Rising fuel demand, economic recovery and higher crude oil prices played an important role in this sharp increase.
Petrol Price Movement Between 2022 and 2026
Historical data shows that petrol was priced at ?96.38 per litre in January 2022 before declining to ?90.23 in June 2022. This was a decrease of approximately 6.4%, making 2022 one of the few years to record a notable mid year correction.
During January 2023 and January 2024, petrol prices remained stable at ?97.68 per litre. In January 2025, the price eased slightly to ?95.51 and remained unchanged in January 2026. However, by 01 June 2026, petrol increased sharply to ?104.19 per litre, representing a rise of approximately 9.1% compared with January 2026.
Long Term Petrol Price Growth in Panjim
Comparing the earliest available petrol price of ?62.01 per litre in May 2017 with ?104.19 per litre in June 2026 shows an overall increase of approximately 68.0%. This demonstrates the substantial rise in fuel costs over the years for private vehicle owners, businesses, taxi operators and tourism related transportation services.
Another important comparison is between June 2020 and June 2026. Petrol prices increased from ?68.56 to ?104.19 per litre, reflecting an increase of approximately 52.0% over six years. This long term growth has significantly influenced transportation expenses across Goa.
Factors Affecting Historical Petrol Prices
The historical trend indicates that petrol prices are influenced by several economic and market factors. International crude oil prices, exchange rate fluctuations, government taxes, transportation costs, refinery pricing and domestic fuel demand all contribute to periodic increases and decreases. Since Panjim serves as the administrative and tourism centre of Goa, seasonal travel demand also supports steady fuel consumption.
Key Highlights from the Historical Data
- Petrol increased from ?62.01 per litre in May 2017 to ?104.19 per litre in June 2026.
- The overall increase during the available historical period is approximately 68.0%.
- The first half of 2021 recorded one of the sharpest short term increases.
- Price corrections were observed during 2020 and June 2022.
- Petrol prices remained relatively stable during January 2023 and January 2024 before changing in subsequent years.
- The same historical trend generally applies across Panjim, Mapusa, Margao, Vasco da Gama, Ponda, Porvorim, Old Goa, Candolim, Calangute, Bicholim, Quepem, Canacona and nearby regions.
The historical petrol price trend in Panjim highlights how fuel prices have fluctuated over time while maintaining a clear long term upward direction. Understanding these historical price movements helps commuters, transport businesses, tourists and commercial operators estimate fuel expenses, plan travel budgets and make informed financial decisions.