Diesel Price In Bangalore Today

Diesel price in Bangalore today is based on the ‘Dynamic Fuel Pricing’ mechanism. Here, you can check the current diesel price in Bangalore. You can also find today's fuel price with quarterly diesel price trends in Bangalore.
  • Today's Diesel Price ( 25 Apr 2019 )
    ₹ 68.74
    Current Diesel Price Per Liter
    Compare Diesel Price in Bangalore (Today & Yesterday)
    (25 Apr 2019)
    (24 Apr 2019)
    Rate Change
    Diesel ( / litre) ₹ 68.74 ₹ 68.66 ₹ 0.08 ↑
    Diesel Price in Bangalore - Last 10 Days Data
    Date Diesel ( / litre)
    25 Apr 2019 ₹ 68.74
    24 Apr 2019 ₹ 68.66
    23 Apr 2019 ₹ 68.66
    22 Apr 2019 ₹ 68.66
    21 Apr 2019 ₹ 68.59
    20 Apr 2019 ₹ 68.59
    19 Apr 2019 ₹ 68.51
    18 Apr 2019 ₹ 68.51
    17 Apr 2019 ₹ 68.51
    16 Apr 2019 ₹ 68.51

    Diesel Rate Trend

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    • 6 Months

    Diesel Price In Bangalore

    Bengaluru, as it’s known today, is one of the fastest growing cities in the country with a cosmopolitan culture. Prices of petrol and diesel are revised every day, aligned with market prices, which means the diesel price in Bangalore will increase when the global crude oil prices increase as well as if the rupee depreciates against the U.S. dollar.

    Fuel prices used to be revised every two weeks or 15 days. Now, diesel prices in Bangalore are revised daily based on the ‘Dynamic Fuel Pricing’ mechanism. It’s essential to check the diesel price in Bangalore as any decrease in cost could save you some money.

    State-owned Oil Marketing Companies (OMCs) such as Bharat Petroleum, Indian Oil and Hindustan Petroleum fix the new diesel price in Bangalore in tandem with any changes in crude oil prices in the international market.

    What is Dynamic Fuel Pricing?

    Diesel fuel price fluctuations are attributed to the daily revision of fuel prices in the country under the ‘Dynamic Fuel Pricing’ method. Oil companies consider the fortnight average of crude oil price along with the rupee-dollar exchange rate to fix the retail selling price of diesel or petrol. The new diesel price in Bangalore is effective from 6:00 am IST.

    By keeping fuel prices in India proportional to the global crude oil price, oil companies can offset any losses as well as pass on any benefits to the consumer. Before this mechanism, oil companies revised fuel prices every fortnight, this was before 16 June 2017, when the daily revision was introduced in the country.

    Under the previous method, oil companies used to revise fuel prices every fortnight or 15 days. This led to a sudden incline or decline in fuel prices, sometimes leading to a sudden leap in prices. To avoid burdening the consumer, the daily revision of fuel prices was introduced, with small changes to diesel rates every day.

    Factors Affecting Diesel Prices in Bangalore

    Diesel rates in Bangalore are made up of several important components apart from the oil price and the rupee-dollar exchange value. After the refining process, components such as entry tax, freight charges, refinery charges, oil firm’s margin and logistics are levied before arriving at the basic cost of fuel. Petrol pump owner’s commission, excise duty levied by the Centre and the respective state’s local tax or VAT are later added to the basic cost of fuel.

    While most of these components’ charged are not dynamic, the global crude oil price and the rupee-dollar exchange rate are dynamic. Hence, these two factors are the primary reason why diesel prices fluctuate in India. Let’s review the factors which affect crude oil prices in the international market.

    • Supply and Demand of Crude Oil: he Organisation of Petroleum Exporting Countries (OPEC) along with their strong allies have been the biggest suppliers of crude oil in the global market, thereby influencing oil prices to a large extent. Policies by the OPEC are mainly driven by geopolitical developments. So, any pressure on any one of the OPEC members often leads to a reduction of oil supply and oil prices incline accordingly. Likewise, if there’s an increased supply of oil, prices often drop.
    • Geopolitical Tensions: Political events and crisis lead to a rise in crude oil prices. Conflicts in any of the oil-producing region could potentially lock up supplies, thereby increasing the oil rates. Any crisis such as natural disasters or any political upheaval affects the oil price as well.
    • Future Supply of Crude Oil: The biggest oil-producing and oil-consuming countries reserve large quantities of crude oil to keep their economy healthy in the event of an oil price increase. These countries usually stock up when the prices are lower, and the supply is spread through the economy to keep prices steady.

    Quarterly Diesel Price Trend in Bangalore between January and March 2019

    January February March
    Opening date price?? Rs.63.17/litre? Rs.67.83/litre? Rs.69.32/litre?
    Closing date price?? Rs.68.01/litre? Rs.69.17/litre? Rs.68.47/litre?
    Highest price?? Rs.68.21/litre?recorded between 25th, 26th, 27th and 28th Rs.69.17/litre?recorded on 28th? Rs.69.86/litre?recorded on 5th, 6th and 7th??
    Lowest price?? Rs.62.83/litre?recorded on 4th, 5th?and 6th? Rs.67.62/litre?recorded on 5th?and 6th? Rs.68.47/litre?recorded on 29th, 30th and 31st?
    Trend? Upward? Upward? Downward
    % Change?? 7.66%? 1.95%? -1.22%
    October November December
    Opening date price Rs.75.55 a litre Rs.74.20 a litre Rs.67.77 a litre
    Closing date price Rs.74.20 a litre Rs.68.15 a litre Rs.63.17 a litre
    Highest price Rs.76.13 a litre booked on the 17 October 2018 Rs.74.20 a litre booked on the 1 November 2018 Rs.67.77 a litre booked on the 1 December 2018
    Lowest Price Rs.73.37 a litre booked on the 5 October 2018 Rs.68.15 a litre booked on the 30 November 2018 Rs.63.17 a litre booked on the 31 December 2018
    Trend Downward Downward Downward
    % Change -1.79% -8.15% -6.79%

    Diesel Price Trend in Bangalore Between October and December 2018

    • Diesel prices in India are fixed by State-run Oil Marketing Companies (OMCs) daily based on the ‘Dynamic Fuel Pricing’ mechanism, which considers the 14-day average price of the global crude oil as well as the exchange rate of rupee-dollar.
    • Under this method, the diesel price in Bangalore on 1 October stood at Rs.75.55 per litre, a record high due to the rising crude oil prices.
    • With diesel rates on the rise, the Union government announced a cut in the excise duty levied on the sale of fuel in the country by Rs.1.50 per litre and asked OMCs to further subsidise Rs.1 per litre.
    • With the cut in excise duty, diesel prices dropped to its lowest at Rs.73.37 per litre on 5 October; however, it immediately inclined in the next couple of day to touch the highest of the month at Rs.76.13 per litre on 17 October.
    • During the month, the diesel price trend in Bangalore declined by 1.79% mainly due to the reduction in the excise duty.
    • On 1 November, the diesel rate in Bangalore stood at Rs.74.20 per litre, which was also the highest price recorded during the month.
    • While diesel prices continued to drop, it wasn’t significant as the global crude oil price was trading high due to the geopolitical tensions between the US and China over trade between the two countries.
    • Diesel prices touched the lowest on 30 November when a litre of the fuel was sold at Rs.68.15 per litre due.
    • The diesel price in Bangalore during November dropped significantly by 8.15% attributed to the fall in crude oil prices in the international market.
    • Diesel was priced at Rs.67.77 per litre on 1 December – the highest price of the month recorded during the month.
    • While the crude oil price was trading around $80 per barrel early October, it declined to trade around $55 per barrel late December prompting fuel prices to drop in the country.
    • Overall, the diesel price in December fell by 6.79% influenced by the drop in crude oil prices coupled with the appreciation of the Indian currency over the US dollar.
    July August September
    Opening date price Rs.68.35 a litre Rs.70.14 a litre Rs.72.71 a litre
    Closing date price Rs.70.01 a litre Rs.72.51 a litre Rs.75.17 a litre
    Highest price Rs.70.64 a litre as of 16 July Rs.72.51 a litre as of 31 August Rs.76.10 a litre as of 16 September
    Lowest price Rs.68.35 a litre as of 1 July Rs.70.14 a litre as of 1 August Rs.72.71 a litre as of 1 September
    Trend Upward Upward Upward
    %Change +2.42% +3.37% +3.38%

    Diesel Rate Trend in July 2018 in Bangalore

    • As of 1 July, diesel was cheaper by over Rs.8 per litre compared to petrol in Bangalore since diesel is a subsidised commodity.
    • Because of the deployment of dynamic fuel pricing in India, we can observe the regular changes in diesel prices in Bangalore. The changes in the domestic factors are also accounted for.
    • Oil companies kept increasing the rate of diesel until the 16th without taking into account the falling oil rates.
    • But, in the third week, fuel prices depicted a declining trend caused by the underperformed INR and a sheer downfall in the cost of petroleum.
    • Diesel was sold at the highest rate of Rs.70.64 a litre on 16 July and the lowest price of Rs.68.35 a litre on 1 July at all the Indian Oil fuel stations in Bangalore.
    • As the government has adopted a different fuel pricing strategy, the growth rate of diesel was higher than that of petrol in July in Bangalore and other cities.

    Diesel Price Trend in Bangalore in August 2018

    • As the indigenous currency continued to fall against the dollar, all the public and private sector oil enterprises augmented the price of diesel at the beginning of the month.
    • The Indian Crude Basket was priced at $72.67 per barrel on the 8th. It drastically fell between 6 August and 16 August. Caused by the falling transactional oil market, fuel rates were consistent at Rs.70.73 a litre, Rs.71.44 a litre and Rs.71.10 a litre respectively.
    • Towards the end of August, fuel rates showed an upward trend. The closing date price increased by 29 paise per litre to Rs.72.51. Fuel pricing was also wedged by the weakened rupee.
    • Because of the stability in diesel rates throughout the month, the highest rate was recorded at Rs.70.14 a litre on the closing date.
    • In the end, the month produced a rise of 3.37% caused by the international determinants.
    • The Centre’s excise duty remained untouched at Rs.15.33 a litre and even the State Government of Karnataka has not revised the VAT on diesel in July and August.

    Diesel Rate Trend in Bangalore in September 2018

    • The opening date accelerated by 20 paise per litre. The fuel price was increased to Rs.73.44 a litre on the third, Rs.73.63 a litre on the fifth and Rs.74.39 a litre on the seventh. It further climbed to Rs.75.66 a litre on the 14th.
    • The State Government of Karnataka responded to the Bharat Bandh by cutting the state levy on diesel. The bandh was called by the opposition parties.
    • From Rs.76.16 a litre, fuel price reduced to Rs.74.25 a litre on 17 September. Even after the reduction of the sales tax in Karnataka, fuel rate continued to climb until the end of September 2018.
    • As of 1 July 2018, the exchange rate of the USD against the rupee was Rs.68.47 and it increased to Rs.72.52 on 30 September. It means the rupee has fallen against the dollar by 5% this quarter.
    • The Indian Crude Basket rate also increased reasonably in this month. Influenced by these two factors, the rate of diesel augmented by 3.38% in Bangalore.
    • Like Karnataka, Rajasthan, Andhra Pradesh and West Bengal also decreased the tax on diesel in the interest of fuel buyers.
    April May June
    Opening date price Rs.65.67 a litre Rs.67.05 a litre Rs.70.43 a litre
    Closing date price Rs.67.05 a litre Rs.70.48 a litre Rs.68.35 a litre
    Highest price Rs.67.08 a litre registered on 24th Rs.70.54 a litre registered on 29th May Rs.70.43 a litre registered on 1st
    Lowest price Rs.65.67 a litre registered on 1st Rs.67.05 a litre registered on 1st Rs.68.35 a litre recorded on 27th
    Trend Increasing Increasing Decreasing
    %Deviation +2.10% +5.11% -2.95%
    Diesel Price Trend in Bangalore

    Diesel Price Trend in Bangalore in April 2018

    • The average diesel price in Bangalore, the capital city of Bangalore, for the first five days of the month stood at Rs.65.87 a litre.
    • Diesel prices have gradually increased during the second week and the highest diesel rate for the first two weeks stood at Rs.66.11 a litre on 14th.
    • For the third week, the average diesel price in the city of Bangalore soared to Rs.66.32 a litre in tandem with international crude oil rates.
    • From 25 April until 30 April, diesel was sold at a price of Rs.67.05 a litre. Because of the stable unrefined oil market, diesel was priced at Rs.67.05 a litre during the fourth week of April.
    • In the end, oil marketing companies had confirmed that diesel price in Bangalore has soared by 2.10%. Other state capitals such as Hyderabad, Ahmedabad and Dispur have also produced the similar result.
    • An upsurge of 2.10% was caused by the increased crude oil cost per barrel but not because of other aspects such as sales taxes, central taxes, the exchange rate, etc.

    Diesel Price Trend in Bangalore in May 2018

    • The opening date price for the month of May was Rs.67.05 a litre. Until 11th May, the fuel rate was stable at Rs.67.05 a litre.
    • Even diesel rates have increased during the first two weeks, the growth rate was not high. After the second week, Hindustan Petroleum, Bharat Petroleum and Indian Oil have started increasing the fuel price in sync with unrefined oil rates.
    • Oil marketing companies declared a growth rate of 5.11% for the whole month since the crude oil rate per barrel increased to $75.31 from $69.30.
    • Because of the downward trend, the highest diesel rate for the month stood at Rs.70.54 a litre registered on the 29th.
    • On 1st, the exchange rate of the domestic currency, the INR, was Rs.66.84 against the USD, the base currency. By the end of the month, it dropped to Rs.67.44. This variation in the exchange rate had no impact on diesel rates in Bangalore.
    • Throughout the month, diesel was retailed at a price above Rs.67 per litre at all the diesel stations across the city.

    Diesel Price Trend in Bangalore in June 2018

    • Diesel rates were not stable throughout the month in Bangalore. They fell to Rs.69.95 a litre on 7th, Rs.69.02 a litre on 14th, Rs.68.76 a litre on 21st, and Rs.68.35 a litre on 30th.
    • Since the crude oil rate has further decreased to $73.85 per barrel from $75.31 per barrel, diesel rates were reported to be down by 2.95% this month.
    • As far as excise duty and Value-added Tax (VAT) are concerned, no changes were made during this quarter.
    • It is only because of the changes in the cost of crude oil per barrel, diesel rates in Bangalore have increased in April and May and have decreased in June.
    • During the quarter, the fuel rate was up by 4.08%. The highest fuel rate was recorded at Rs.70.43 a litre and the lowest fuel rate at Rs.65.67 a litre.
    January February March
    Opening date price Rs.60.76 a litre Rs.65.17 a litre Rs.63.34 a litre
    Closing date price Rs.65.08 a litre Rs.63.17 a litre Rs.65.49 a litre
    Highest price Rs.65.08 a litre registered on 31 Rs.65.28 a litre registered on 6 and 7 Rs.65.49 a litre registered on 31
    Lowest price 60.76 a litre registered on 1 Rs.63.16 a litre registered on 25 Rs.63.34 a litre registered on 1
    Trend Increasing Decreasing Increasing
    % Deviation +7.10% -3.06% +3.39%
    Diesel Price Trend in Bangalore

    Trend in Diesel Price in Bangalore in January 2018

    • Petrol was valued at Rs.60.76 a litre at Indian Oil after the daily revision on the opening date. The price was up by a few paise compared to the previous day’s offer and was projected to cross the previous highs.
    • The price range of the fuel was neither firm nor moved downwards until the last day. It is primarily due to the stable demand for unrefined oil in overseas marketplaces and an appreciated INR against the USD, the base currency.
    • An upward trend can be watched over the four weeks. In the first week, the fuel rate augmented 0.92% to Rs. 61.32 a litre; 2.38% to Rs.62.78 a litre in the week 2; 1.76% to Rs.63.89 a litre in the week 3, and 1.86% to Rs.65.08 a litre in the last week.
    • Between 1 and 31, the diesel price in Bangalore has gone up 7.10% to Rs.65.08 a litre because of the price of unrefined oil, which was up $4.77% per barrel this month; and the exchange rate of the greenback, which fell to Rs.63.56 on 31.
    • The Central Government retained the excise duty of Rs.15.33 a litre and even the Value-added Tax was retained unchanged at 18.25% throughout the month.

    Trend in Diesel Rate in Bangalore in February 2018

    • On 1, Indian Oil announced a fuel price of Rs.65.17 a litre, which was up 9 paise and not affected by the Union Budget 2018-2019. Market experts signaled a price drop at the beginning of the month.
    • All the three state-owned fuel entities retained an offer of Rs.65.17 a litre for the first two days, Rs.65.15 a litre on 3 and 4, Rs.65.28 a litre on 6 and 7, Rs.64.55 a litre on 13 and 14, and Rs.63.17 a litre on 27 and 28.
    • The first week ended with the highest price of Rs.65.28 a litre. Afterwards, in Bangalore, the diesel rate moved downwards until 31 in tandem with the trend in the crude oil market and the INR/USD conversion rate, a highly volatile currency pair.
    • Like the earlier month, the domestic factors were remained unchanged, which means a massive fall in the diesel rate in February ought to be attributed to the decreased cost of crude oil and a devalued INR.
    • The supply of crude oil to highly oil importing countries like India and Japan was not interrupted. It is the decreased demand that pushed the cost of crude oil down to $63.54 a barrel (159 litres.)

    Trend in Diesel Prices in Bangalore in March 2018

    • On diesel, the State Government of Karnataka levied the VAT at 18.25% and the central tax of Rs.15.33 a litre was charged by the Central Government this month.
    • In overseas markets, the unrefined oil’s demand began boosting at the beginning of the month, due to which, the fuel retailers in India have begun pushing the diesel price upwards.
    • During the week 1, the crude oil’s price increased to $62.83 a barrel; and as a result, the price range of diesel in Bangalore climbed to Rs.64.07 a litre. Likewise, the cost of the fuel further enhanced to Rs.63.98 a litre during the week 2 due to a marginal upsurge in the crude oil price.
    • The same price, Rs.64.07 a litre, was offered on 6 and 7 in Bangalore. It means a revised price was offered for the remaining 29 days of the month.
    • Despite an immense drop in the cost of crude oil in February 2018, the diesel rates have bounced back strongly to Rs.64.59 a litre, the closing date price and highest price for March 2018.
    • A 3.39% up this month was reasonably impacted by the conversion ratio of the greenback, which slid to Rs.65.13 from Rs.65.24.

    Diesel Price Calculation in Bangalore

    Here’s how the diesel price is calculated before it’s retailed in the country by State-run oil firms. Below is the price breakup of diesel price in Bangalore recorded on 3 January 2019.

    Components Diesel Price Calculation (per litre)
    International Crude Oil Price with Ocean Freight $56.5 or Rs.3,967 per barrel
    One Barrel of Crude Oil 159 litres
    Crude Oil – Cost Rs.24.95
    OMCs Cost for Refinery and Logistics Rs.11.74
    Basic Cost of Fuel after Refining Cost Rs.36.69
    Excise Duty + Road Cess Rs.13.83
    Price Charged to Petrol Pump Owners before VAT Rs.50.89
    Commission to Dealers Rs.2.53
    Cost before VAT Rs.53.42
    VAT (21%) Rs.11.22
    Final Retail Price of Diesel as on 3 January 2019 Rs.64.64

    Diesel Price in Bangalore Compared to other Metro Cities

    Diesel prices are different from city to city and between fuel station to fuel station. This is because of taxes levied by the respective state. In Karnataka, the state government levies 21% as VAT on the sale of diesel in the state, while it charges 32% on petrol. Other metro cities such as Mumbai, diesel attracts 24%, in Kolkata its 17% or Rs.7.70 per litre, and in Chennai, it’s 25%.

    Diesel Price Vs. Petrol Price in Bangalore

    The basic cost of both petrol and diesel are the same, however, other charges lower the diesel price. The excise duty levied by the Centre and the VAT charged by the respective State is much lower than levied on petrol, making the diesel price in Bangalore lower than petrol prices.

    Is GST Applicable in Diesel?

    India moved to a new tax regime known as the Goods and Service Tax (GST) which became effective from midnight of 1 July 2017. Under this tax regime, all goods and service were brought under one tax structure. However, five petroleum products such as petrol, diesel, crude oil, natural gas and aviation turbine fuel (ATF) were exempted from attracting the GST.

    Currently, both petrol and diesel continue to attract the excise duty levied by the Centre and the VAT charged by the respective State. The tax incidence of excise duty and VAT is around 45-50% on petrol and 35-40% on diesel. The highest tax rate under GST is 28%, which means, both the Centre and states will lose huge revenue. While the Centre could lose up to Rs.20,000 crore, the states want to keep their revenue pool to meet any contingency.

    Additionally, GST is an ad valorem levy, which is charged as a percentage on the ex-factory rate. This would lead to a massive impact on retail rates whenever refinery gate prices are raised due to an incline in crude oil prices in the international market and the reverse could also be true.

    Also Check Diesel Price in NearBy Cities of Bangalore

    *Disclaimer: BankBazaar makes no guarantee or warranty on the accuracy of the data provided on this page, the prevailing prices are susceptible to change and provided on an as-is basis. We accept no liability for any loss arising from the use of the data contained on this website.

    News About Diesel Price in Bangalore Google Play

    • Diesel Sold for Rs.66.31 per litre

      State-run Oil Marketing Companies on Thursday refrained from hiking the rates of diesel in the country after the daily revision. As per the data mentioned in the IOC website, one litre of diesel in the national capital was retailed for Rs.66.31 on Thursday. In the other metro cities of the country i.e., Kolkata, Mumbai, and Chennai, OMCs retailed diesel for Rs.68.05, Rs.69.40, and Rs.70.01 respectively. In non-metro cities of the country like Noida and Gurgaon, consumers were required to pay Rs.65.51 and Rs.65.40 for one litre.

      It needs to be mentioned here that the rates of fuel in the country depend upon the international crude oil prices on a 15-day average and the rupee-dollar exchange rate. The price of both petrol and diesel are calculated after taking into account the value-added tax, central excise duty, and the dealers' commission.

      22 April 2019

    • Diesel Prices Increased by Rs.2.87 per litre So Far in 2019

      State-owned oil firms hiked petrol and diesel priced marginally on Friday across major metro cities. This is the second consecutive hike of fuel prices. After the revision, petrol was available at Rs.70.46 per litre and diesel at Rs.65.73 per litre in the national capital Delhi, increasing by 13 paise per litre and 11 paise per litre, respectively. Currently, petrol and diesel prices reviewed daily and any changes, if any, are updated accordingly. So far in 2019, petrol prices have inclined by Rs.1.62 per litre and diesel has increased by Rs.2.87 per litre in Delhi. In Mumbai, petrol prices have increased by Rs.1.63 per litre and diesel by Rs.3.07 per litre. In other metros such as Kolkata, petrol prices so far have been increased by Rs.1.61 per litre and diesel prices by Rs.2.90 per litre. In Chennai, petrol witnessed an incline of Rs.1.73 per litre and diesel by Rs.3.09 per litre so far this year. As per the current pricing mechanism, petrol and diesel prices are proportional to the global crude oil price and the rupee-dollar exchange rate. It may be noted that fuel prices differ from city to city and fuel station to fuel station due to local taxes and logistics cost.

      19 February 2019

    • Diesel prices go up by Rs.1.60 in a week  

      With diesel prices being on the upward curve in Pune, the rates witnessed a hike of Rs.1.60 in a week. And with Oil Marketing Companies (OMCs) set to continue increasing the prices, the rates are likely to touch the mark of Rs.68 per litre in the upcoming days. As of Monday, diesel prices in the city were at its highest price points in 40 days with every litre costing Rs.67.65.  

      While the sharp increase in the prices has been accounted to a weakening dollar and increasing crude oil prices, the rates are expected to drop within a fortnight. As per sources at the AIPDA (All India Petrol Dealers Association), the demand for sweet crude oil is likely to diminish with winter becoming less severe during the fortnight which may result in crude value falling. 

      It needs to be mentioned here that the recent increase in the prices of fuel in Pune mimics the trend as seen during the first few days of December 2018. 

      23 January 2019

    • Diesel Prices Hiked by 9-10 paise on Monday

      Oil Marketing Companies (OMCs) on Monday hiked the rates of diesel as the value of rupee fell against the US dollar. As per the data available on the Indian Oil Corporation (IOC) website, the rates were hiked by 9-10 paise per litre. Following the hike in the prices on Monday, every litre of diesel in the national capital i.e, Delhi was sold for Rs.64.47. In the other three metro cities of the country, i.e., Mumbai, Chennai, and Kolkata the rates were Rs.67.47, Rs.67.97, and Rs.66.14 respectively. On the global front, Brent crude futures continued to hover around the 60 dollar mark just like the past few days. It is noteworthy to mention here that the rates of petrol and diesel have come by nearly 15-20 per cent since the month of October as crude prices fell by over 30 per cent in that period. The rates of fuel in the country are revised on a daily basis to ensure that even the smallest change in international oil prices can be passed on to the dealers and the consumers.

      19 December 2018

    • Diesel Prices to Cost less in the National as Compared to Adjoining Cities

      he rates charged for a litre of diesel in the national capital is soon expected to cost less than the rates charged in Noida and Ghaziabad. The development was expected sooner or later given that traditionally the rates of petrol and diesel in Delhi is cheaper than most cities of the country owing to lower sales tax or VAT. It needs to be mentioned here that following the cut in VAT by BJP-ruled states, diesel prices in Noida and Ghaziabad were cheaper as compared to that in Delhi. As of Tuesday, the cost for one litre of diesel in the national capital was Rs.66.39 while in Noida and Ghaziabad, every litre was sold for Rs.65.44 and Rs.65.31 respectively. The difference in the rates was about Re.1, which has come down from about Rs.2.3 on October 5.

      The rates of diesel have been slashed by Rs.9.3 in the last six weeks as international oil prices began to fall and the rupee appreciates. Industry sources believe that diesel would become cheaper in Delhi than the adjoining cities by next week itself if the falling trend continues in the next few days. It is noteworthy to mention here that the VAT levied on diesel in Delhi is 16.75 per cent plus Rs.250 per kl air ambience charge while in Uttar Pradesh, a VAT of 14.05 per cent is levied.

      10 December 2018

    • Diesel Prices in Delhi to Match that of Prices in Uttar Pradesh

      Back in October diesel prices were on a rapid incline as demand for crude increased and oil prices soared while the rupee plummeted. To counteract the rise in fuel prices and to alleviate the condition of the commuters, the central government announced excise duty cuts with states like Uttar Pradesh following suit. Other states, led by non-BJP government, such as the Aam Aadmi Party-led New Delhi didn’t reciprocate the same. This brought a discrepancy in diesel prices in the two neighbouring states.

      However, according to All India Petroleum Dealers’ Association (AIPDA) head Ajay Bansal, rates in Delhi will soon go below that in UP. Mr. Bansal said that diesel rates will go down by Rs.1.32 per litre in the next 5 to 6 days.

      As there is news that the government is looking to reimpose the duty cut it had introduced back in October, diesel prices in both these states are likely to match up in the next few days.

      3 December 2018

    • Fuel Prices Reduced by 16 to 19 Paise Per Litre Today

      Fuel prices were reduced for the second consecutive day on Friday by State-run oil firms. After the revision, petrol prices have come down by 17 to 19 paise per litre, while diesel rates have come down by 16 to 17 paise. Now a litre of petrol costs Rs.77.10 and diesel at Rs.71.93 in the national capital Delhi according to data available on the Indian Oil Corporation Limited (IOCL) website. In Mumbai, petrol is being retailed at Rs.82.62 per litre down by 18 paise compared to the previous day, while diesel is being sold at Rs.75.36 a litre, down by 17 paise. Likewise, in Chennai and Kolkata, petrol costs Rs.80.07 and Rs.79.04, respectively, while diesel is dispensed at Rs.76.02 and Rs.73.79 a litre, respectively. Petrol has become cheaper by Rs.2.20 per litre and diesel by Rs.1.90 a litre in November so far. The recent decline in crude oil prices has led to the drop in petrol and diesel prices in the country.

      19 November 2018

    • Check Petrol Prices Today

      On Thursday, fuel marketing companies cut the rate of petrol in the range of 18-19 paise in tandem with global aspects. The fuel price dropped by 18 paise per litre at Rs.79.37 in the national capital, while in the financial capital, the price fell by 18 paise per litre at Rs.84.96. Over the last one week, crude oil, a major influencer of fuel prices, was seen retailing around $76 per barrel whereas the INR was seen hovering around 73.50 a dollar. Petrol was retailed at a rate of Rs.82.46 per litre in Chennai, the capital city of Tamil Nadu, and Rs.81.25 per litre in the city of Kolkata.

      The recently cut and diesel and petrol prices have brought some relief to fuel consumers. It has a positive impact on the inflation rate, which in turn affect the decision of the Reserve Bank of India with regard to interest rates. The Centre had cut the excise duty on petrol and diesel by Rs.1.5 per litre and asked the states to reduce the sales tax. Following the instruction of the Centre, a few Indian states such as Rajasthan, Maharashtra, Haryana, Uttar Pradesh declined the sales tax.

      5 November 2018

    • Diesel Price Reduced in Delhi and Mumbai for 12th day Straight

      The price of diesel has been slashed for the 12th consecutive day. In Delhi, the price of diesel has declined by 20 paise and is now available for Rs.73.85. The retail selling price of petrol is dependent on the international prices of benchmark fuel and the rupee-US dollar exchange rate. The petrol prices have been soaring since early August due to unprecedented increase in the crude oil prices. However, a stronger rupee and decreasing price of international crude oil has resulted into the reduction of fuel prices in the country. In Mumbai the price of diesel is Rs.77.40 per litre while in Kolkata and Chennai, diesel can be availed at Rs.75.70 and Rs.78.08 respectively. The international oil prices have witnessed a decline since October 18 which has led to the drop in both petrol and fuel prices. Diesel price has decreased by Rs.1.84 a litre from its peak of Rs.75.69 per litre. ave witnessed a decline since October 18 which has led to the drop in both petrol and fuel prices. At the beginning of October 4, the central government had cut down the excise duty on diesel by Rs.1.50 per litre. In addition, the government had also requested the oil marketing companies to subsidise fuel by Rs.1 per litre. At the same time, the government urged all the state governments to cut taxes on diesel by Rs.2.50 per litre.

      31 October 2018

    • Diesel Prices Hiked, Petrol Left Untouched

      Diesel prices were hiked by 8 paise and 9 paise in four major metro cities in the country. While Mumbai and Chennai witnessed a hike of 9 paise per litre, Delhi and Kolkata saw an 8 paise increase in diesel. With the new revision, a litre of diesel costs Rs.75.46 a litre in Delhi, while it costs Rs.77.31 in Kolkata. In Mumbai, diesel is being sold at Rs.79.11 per litre and Rs.79.80 in Chennai. Petrol prices were left untouched by State-run oil companies across four major metro cities. Despite the reduction in the Centre levied excise duty of Rs.2.50 per litre in both petrol and diesel, the recent hikes have seen that it's inching closer to its previous high. Fuel prices in India have been on the rise in the last three month attributed by the significant hike in the global crude oil rates coupled with the fall in the exchange rate of the Indian currency over the US dollar. Diesel and petrol prices are revised daily under the dynamic fuel pricing mechanism by State-run oil companies. New rates are applicable from 6:00 am IST.

      15 October 2018

    Diesel Price In Metro Cities
    Diesel Price In Other Capitals
    Diesel Price In Other Major Cities
    Diesel Price In States

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