| Panikoili | |
| Other Name: | Alatri |
| Settlement Type: | Town |
| Pushpin Label Position: | right |
| Pushpin Map Caption: | Location in Odisha, India |
| Coordinates: | 20.9122°N 86.2293°W |
| Subdivision Type: | Country |
| Subdivision Name: |  India |
| Subdivision Type1: | State |
| Subdivision Name1: | Odisha |
| Subdivision Type2: | District |
| Subdivision Name2: | Jajpur |
| Government Type: | NAC |
| Governing Body: | Panikoili NAC |
| Unit Pref: | Metric |
| Population Total: | 10000 |
| Population Density Km2: | auto |
| Demographics Type1: | Languages |
| Demographics1 Title1: | Official |
| Demographics1 Info1: | Odia |
| Timezone1: | IST |
| Utc Offset1: | +5:30 |
| Postal Code Type: | PIN |
| Postal Code: | 755043 |
| Area Code Type: | Telephone code |
| Area Code: | 06726 |
| Registration Plate: | OD-04 |
| Blank1 Name Sec1: | Nearest city |
| Blank1 Info Sec1: | Jajpur Keonjhar Road |
| Blank1 Name Sec2: | Climate |
| Blank1 Info Sec2: | Tropical (Köppen) |
Panikoili is a town and Notified Area Council in Jajpur district of Odisha state of eastern India.
It lies at the crossing of National Highway 16 and National Highway 20 (Previously NH 215). The closest significant towns are Jajpur and Keonjhar Road (now known as Byasanagar), about 10 km away. It lies on the center of Jajpur district. Panikoili is also the Police headquarter of Jajpur district.