Panikoili is a town and Notified Area Council in Jajpur district of Odisha state of eastern India.

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.

This article about a location in Jajapur district (Jajpur district), Odisha, India is a stub.