Diesel Price In Bangalore Today

  • Today's Diesel Price in Bangalore( 25 Sep 2021 )

    ₹ 94.25
    Current Diesel Price Per Liter

    Compare Diesel Price in Bangalore (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Diesel ( / litre) ₹ 94.25 ₹ 94.05 ₹ 0.2 ↑

    Diesel Price in Bangalore - Last 10 Days Data

    Date Diesel ( / litre)
    24 Sep 2021 ₹ 94.25
    23 Sep 2021 ₹ 94.05
    22 Sep 2021 ₹ 94.05
    21 Sep 2021 ₹ 94.05
    20 Sep 2021 ₹ 94.05
    19 Sep 2021 ₹ 94.05
    18 Sep 2021 ₹ 94.05
    17 Sep 2021 ₹ 94.05
    16 Sep 2021 ₹ 94.05
    15 Sep 2021 ₹ 94.05

    Diesel Rate Trend in Bangalore

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    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.

    Diesel Price In Bangalore

    Bengaluru, as it’s known today, is one of the fastest growing cities in the country with a cosmopolitan culture. Petrol and diesel price 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.

    Trend of Diesel Price in Bangalore for September 2021 (Rates per litre):

    Parameters Rates/litre
    1st September Rs.94.22
    21st September Rs.94.05
    Highest Rate in September Rs.94.22 from 1 to 4 September
    Lowest Rate in September Rs.94.05 from 5 to 21 September
    Overall Performance Decline
    Percentage Change -0.18%

    September – Week 1 (1 - 7):

    • The price of diesel in Bangalore opened the first week of September standing at the rate of Rs.94.22 per litre. The price of the fuel dropped by 17 paise, when compared to the closing price of the fuel of the previous week.
    • Diesel recorded its highest price during the month from the 1st of September to the 4th of September wherein a litre of the fuel was being traded at the rate of Rs.94.22. The lowest price for the month was recorded between the 5th and 7th of September when the fuel stood at the rate of Rs.94.05 per litre.
    • Diesel closed the first week of the month standing at the rate of Rs.94.05 per litre. The overall performance of the fuel witnessed a drop of –0.18% in its price for the month of September in Bangalore.

    September – Week 2 (8 - 14):

    • The price of diesel in Bangalore opened the month of September being traded at the rate of Rs.94.22 per litre. The price had dropped when compared to the closing price of the previous week.
    • The diesel rate was steady from the 1st to the 4th of September wherein it stood at the rate of Rs.94.22 per litre. This is also the highest recorded price of the fuel during the month. The diesel price dropped by 17 paise per litre again and was being traded at the rate of Rs.94.05 per litre from the 5th of September to the 14th of September. This is the lowest recorded price of the fuel for the month.
    • Diesel closed the second week of the month standing at the rate of Rs.94.05 per litre. The overall performance of the fuel witnessed a drop of –0.18% during the month of September in Bangalore.

    September – Week 3 (15 - 21):

    • Diesel price in Bangalore opened the month of September being traded at the rate of Rs.94.22 per litre. The price had dropped when compared to the closing price of the previous week.
    • The diesel rate was steady from the 1st to the 4th of September wherein it stood at the rate of Rs.94.22 per litre. This is also the highest recorded price of the fuel during the month. The diesel price dropped by 17 paise per litre again and was being traded at the rate of Rs.94.05 per litre from the 5th of September to the 21st of September. This is the lowest recorded price of the fuel for the month.
    • Diesel closed the third week of the month standing at the rate of Rs.94.05 per litre. The overall performance of the fuel witnessed a drop of –0.18% during the month of September in Bangalore.

    Trend of Diesel Price in Bangalore for August 2021 (Rates per litre):

    Parameters Rates/litre
    1st August Rs.95.32
    31st August Rs.94.39
    Highest Rate in August Rs.95.32 from 1st to 18th August
    Lowest Rate in August Rs.94.39 from 24th to 31st August
    Overall Performance Decline
    Percentage Change -0.98%

    August – Week 1 (1 - 7):

    • The price of diesel in Bangalore opened the first week of August standing at the rate of Rs.95.32 per litre. There have been no changes in the price of the fuel, when compared to the closing price of the fuel of the previous week.
    • Diesel was being traded at the rate of Rs.95.32 per litre from the 15th of August. Followed by that, the fuel stood stable at this price point till date. The price was overall stable throughout the first week of the eighth month of the year.
    • The overall performance of the fuel witnessed a stability in its price for the month in Bangalore.

    August – Week 2 (8 - 14):

    • The price of diesel in Bangalore opened the first week of August standing at the rate of Rs.95.32 per litre. There have been no changes in the price of the fuel, when compared to the closing price of the fuel of the previous week.
    • Diesel was being traded at the rate of Rs.95.32 per litre from the 15th of July. Followed by that, the fuel stood stable at this price point till date. The price was overall stable throughout the first two weeks of the eighth month of the year.
    • The overall performance of the fuel witnessed a stability in its price for the month of August in Bangalore.

    August – Week 3 (15 - 21):

    • The price of diesel in Bangalore opened the first week of August standing at the rate of Rs.95.32 per litre. There have been no changes in the price of the fuel, when compared to the closing price of the fuel of the previous week.
    • Diesel was being traded at the rate of Rs.95.32 per litre from the 15th of July. Followed by that, the fuel stood stable at this price point till the 18th of August. The price of the fuel witnessed a drop from 19th August and finally closed the third week of the month standing at the rate of Rs.94.71 per litre.
    • The overall performance of the fuel witnessed a drop of –0.64% in its price for the month of August in Bangalore.

    August – Week 4 & 5 (22 - 31):

    • The price of diesel in Bangalore opened the first week of August standing at the rate of Rs.95.32 per litre. There have been no changes in the price of the fuel, when compared to the closing price of the fuel of the previous week.
    • Diesel was being traded at the rate of Rs.95.32 per litre from the 15th of July. Followed by that, the fuel stood stable at this price point till the 18th of August. The price of the fuel witnessed a drop from 19th August and finally closed the fourth week of the month standing at the rate of Rs.94.39 per litre which is also the lowest recorded price for the month.
    • The overall performance of the fuel witnessed a drop of –0.98% in its price for the month of August in Bangalore.

    Trend of Diesel Price in Bangalore for July 2021 (Rates per litre):

    Parameters Rates/litre
    1st July Rs.94.60
    31st July Rs.95.32
    Highest Rate in July Rs.95.32 from 15th to 31st July
    Lowest Rate in July Rs.94.60 on 1st July
    Overall Performance Incline
    Percentage Change 0.76%

    July – Week 1 (1 - 7):

    • Diesel price in Bangalore increased slightly in the first week of July.
    • Diesel closed the week at Rs.94.95 per litre.
    • Diesel prices may see a slight dip in the coming days, as per reports.

    July – Week 2 (8 - 14):

    • Diesel price in Bangalore opened the second week of July standing at the rate of Rs.95.05 per litre. When compared to the closing price of the previous week, there was a hike of 10 paise in the price of diesel.
    • The highest price was recorded on 10th and 11th July when the fuel was being traded at the rate of Rs.95.32 per litre. Following that, there was a slight dive in the prices till the end of week. The lowest rate was recorded on 1st to 3rd of July wherein the fuel was being traded at the rate of Rs.94.60 per litre.
    • In the month of July, the overall performance of the fuel witnessed a hike of 0.58% in Bangalore.

    July – Week 3 (15 - 21):

    • Diesel price in Bangalore was stable in the third week of July
    • Diesel closed the week at Rs.95.32 per litre.
    • Diesel prices have been on the rise since May 4 and since the oil marketing companies revised their price.

    July – Week 4 and Week 5 (22 - 31):

    • The price of diesel in Bangalore opened the fourth week of July standing at the rate of Rs.95.32 per litre on 22nd July. When compared to the closing price of the fuel of the previous week, there was no change in the price.
    • Diesel was being traded at the rate of Rs.95.32 per litre from the 15th of July. The price of the fuel stood stable at this price point till the end of the month. This was the highest recorded rate of diesel during the month. The lowest rate was recorded from 1st July when the rate stood at Rs.94.60 per litre.
    • The overall performance of the fuel witnessed an incline of 0.76% for the month in Bangalore.

    Trend of Diesel Price in Bangalore for June 2021 (Rates per litre):

    Parameters Rates/litre
    1st June Rs.90.57
    30th June Rs.94.60
    Highest Rate in June Rs.94.60 on 29th and 30th June
    Lowest Rate in June Rs.90.57 from 1st to 3rd June
    Overall Performance Incline
    Percentage Change 4.45%

    June – Week 1 (1 - 7):

    • Diesel opened the first week of June in Bangalore at Rs.90.57 per litre. When compared to the closing price of the previous week, the price of the fuel was up by 24 paise.
    • The price of the fuel was kept unchanged on 2nd and 3rd June in the city. Petrol price started to increase from 4th June onwards and recorded the highest price for the month till date on the final day of the week i.e., 7th June.
    • Diesel price in Bangalore closed the week at Rs.91.46 per litre. The overall performance of the fuel in the city was one of incline with the percentage change being 0.98%.

    June – Week 2 (8 - 14):

    • Diesel price in Bangalore opened the month of June standing at the rate of Rs.90.57 per litre. When compared to the closing price of the previous month, the fuel recorded a hike of 24 paise.
    • Diesel price stood at Rs.90.57 per litre for the first 3 days of the month and then started witnessing hikes. This was also the lowest price that was recorded in the month of June. The highest rate was recorded on 14th June wherein the fossil fuel was being traded at the rate of Rs.92.58 per litre.
    • In the month of June, the overall performance of the fuel witnessed a hike of 2.22% in Bangalore.

    June – Week 3 (15 - 21):

    • Diesel price in Bangalore was Rs.92.58 on 15th June. When compared to the closing price of the previous month, the fuel recorded no change in the city.
    • While the price of the fuel remained unchanged on 16th June, the rate increased gradually over the week. Diesel recorded its highest price for the month till date on 20th June when a litre cost Rs.93.32.
    • The fuel closed at the same price after no change was recorded in the rate on the final day of the week. The overall performance of petrol in Bangalore was one of incline with the percentage change being 3.03%.

    June – Week 4 (22 - 28):

    • Diesel price in Bangalore opened the fourth week of June standing at the rate of Rs.93.60 per litre. There was a hike of 28 paise in the price of the fuel, when compared to the closing price of the previous month.
    • The price of diesel in Bangalore witnessed an inclining trend for the rest of the week. The lowest price was recorded from 1st of June to 3rd of June wherein it stood at the rate of Rs.90.57 per litre. The highest rate was recorded on 28th of June wherein the fuel was being traded at the rate of Rs.94.30 per litre.
    • In the month of June, the overall performance of the fuel witnessed a hike of 4.12% in Bangalore.

    June – Week 5 (29 - 30):

    • Diesel price in Bangalore opened the fifth week of June standing at the rate of Rs.94.60 per litre. There was a hike of 30 paise in the price of the fuel, when compared to the closing price of the previous month.
    • Diesel price in Bangalore was steady for the last 2 days of the month. The lowest price was recorded from 1st of June to 3rd of June wherein it stood at the rate of Rs.90.57 per litre. The highest rate was recorded on 29th and 30th of June wherein the fuel was being traded at the rate of Rs.94.60 per litre.
    • In the month of June, the overall performance of the fuel witnessed a hike of 4.45% in Bangalore.

    Trend of Diesel Price in Bangalore for May 2021 (Rates per litre):

    Parameters Rates/litre
    1st May Rs.85.58
    31st May Rs.90.33
    Highest Rate in May Rs.90.33 on 31st May
    Lowest Rate in May Rs.85.58 from 1st to 3rd May
    Overall Performance Incline
    Percentage Change 5.55%

    May – Week 1 (1 - 7):

    • The month of May opened with the diesel price in Bangalore standing at Rs.85.58 per litre. When compared to the closing price of the previous month, there were no changes in the price of the fuel.
    • The price of the fuel was stable till 3rd of May. The prices started rising after that and recorded the highest price on 7th May wherein a litre of the fuel was being traded at the rate of Rs.86.70.
    • The overall performance of diesel in Bangalore witnessed a hike of 1.31% over the first week of the month.

    May – Week 2 (8 - 14):

    • The month of May opened with the diesel price in Bangalore standing at Rs.85.58 per litre. When compared to the closing price of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable at the beginning of the second week wherein it stood at Rs.86.70 per litre. The prices started rising after that and recorded the highest price on 14th May wherein a litre of the fuel was being traded at the rate of Rs.87.99.
    • The overall performance of diesel in Bangalore witnessed a hike of 2.82% over the second week of the month.

    May – Week 3 (15 - 21):

    • The month of May opened with the diesel price in Bangalore standing at Rs.85.58 per litre. When compared to the closing price of the previous week, there were no changes in the price of the fuel.
    • The third week of the month opened with diesel being traded at Rs.87.99 per litre in Bangalore. This was also the lowest recorded price for the week. There was a constant inclining trend in the prices and the fuel recorded its highest price for the week on 21st May wherein it was being traded at the rate of Rs.88.89 per litre.
    • The overall performance of diesel in Bangalore witnessed a hike of 3.87% over the third week of the month.

    May – Week 4 (22 - 28):

    • The month of May opened with the diesel price in Bangalore standing at Rs.85.58 per litre. When compared to the closing price of the previous month, there were no changes in the price of the fuel.
    • The fourth week of the month opened with diesel being traded at Rs.88.89 per litre in Bangalore. This was also the lowest recorded price for the week. There was a constant inclining trend in the prices and the fuel recorded its highest price for the week on 27th and 28th May wherein it was being traded at the rate of Rs.89.75 per litre.
    • The overall performance of diesel in Bangalore witnessed a hike of 4.87% over the third week of the month.

    May – Week 5 (29 - 31):

    • The fifth week of May opened with the diesel price in Bangalore standing at Rs.90.05 per litre on 29 May. The price of diesel witnessed a hike of 30 paise when compared to the closing price of the previous week.
    • The price was steady at Rs.90.05 on 29th and 30th of May. Followed by that, the price of the fuel increased further by 28 paise on 31st May wherein it was being traded at the rate of Rs.90.33 per litre. This was the highest recorded price of the fuel during the month in Bangalore.
    • The overall performance of diesel in Bangalore witnessed a hike of 5.55% over the month of May.

    Trend of Diesel Price in Bangalore for April 2021 (Rates per litre):

    Parameters Rates/litre
    1st April Rs.85.73
    30th April Rs.85.58
    Highest Rate in April Rs.85.73 from 1 April to 14 April
    Lowest Rate in April Rs.85.58 from 15 April to 30 April
    Overall Performance Decline
    Percentage Change -0.17%

    April – Week 1 (1 - 7):

    • The month of April opened with the diesel price in Bangalore standing at Rs.85.73 per litre. When compared to the closing price of the previous month, there were no changes in the price of the fuel.
    • The price of the fuel was stable and was being traded at the rate of Rs.85.73 per litre throughout the first week of the month in Bangalore.
    • The second wave of COVID-19 in India has some influence on the price of the fuel in the country. The overall performance of diesel in Bangalore was stable during the first week of the fourth month of the year.

    April – Week 2 (8 - 14):

    • The month of April opened with the diesel price in Bangalore standing at Rs.85.73 per litre. When compared to the closing price of the previous month, there were no changes in the price of the fuel.
    • The price of the fuel was stable and was being traded at the rate of Rs.85.73 per litre throughout the first two week of the month in Bangalore.
    • The overall performance of diesel in Bangalore was stable throughout the first two weeks of the month.

    April – Week 3 (15 - 21):

    • Diesel opened the third week of April at Rs.85.58 per litre in Bangalore. The rate was down by 15 paise when compared to the closing price of the previous week.
    • The price of the fuel remained unchanged in the city following that and closed the week at the same price.
    • The overall performance of diesel witnessed a declining trend in the city with the percentage change being -0.17%.

    April – Week 4 (22 - 28):

    • The month of April opened with the diesel price in Bangalore standing at Rs.85.73 per litre. When compared to the closing price of the previous month, there were no changes in the price of the fuel.
    • The price of the fuel was stable till 14th of April wherein it was being traded at the rate of Rs.85.73 per litre. The prices dropped by 15 paise and stood at Rs.85.58 per litre from the 15th of April which is also the lowest recorded price of the fuel for the month.
    • The overall performance of diesel in Bangalore witnessed a drop of –0.17%.

    April – Week 5 (29 - 30):

    • The month of April opened with the diesel price in Bangalore standing at Rs.85.73 per litre. When compared to the closing price of the previous month, there were no changes in the price of the fuel.
    • The price of the fuel was stable till 14th of April wherein it was being traded at the rate of Rs.85.73 per litre. The prices dropped by 15 paise and stood at Rs.85.58 per litre from the 15th of April which is also the lowest recorded price of the fuel for the month.
    • The overall performance of diesel in Bangalore witnessed a drop of –0.17%.

    Trend of Diesel Price in Bangalore for March 2021 (Rates per litre):

    Parameters Rates/litre
    1st March Rs.86.35
    31st March Rs.85.73
    Highest Rate in March Rs.86.35
    Lowest Rate in March Rs.85.73
    Overall Performance Decline
    Percentage Change -0.71%

    March – Week 1 (1 - 7):

    • Diesel price in Bangalore finally came to a halt in the first week of March after witnessing a mammoth hike in the last few months.
    • Diesel stayed stable at Rs.86.35 per litre.
    • Meanwhile, the central government is planning to cut taxes on petrol and diesel ahead of upcoming assembly polls o provide the much-needed respite to consumers.

    March – Week 2 (8 - 14):

    • Diesel price in Bangalore remained same as the first week of March.
    • Diesel stayed stable at Rs.86.35 per litre.
    • Meanwhile, the central government is planning to cut taxes on petrol and diesel ahead of upcoming assembly polls o provide the much-needed respite to consumers.

    March – Week 3 (15 - 21):

    • Diesel price in Bangalore remained same for the third week straight.
    • Diesel stayed stable at Rs.86.35 per litre.
    • Meanwhile, speculations are that the central government is planning to cut taxes on petrol and diesel ahead of upcoming assembly polls o provide the much-needed respite to consumers.

    March – Week 4 (22 - 28):

    • For the fourth week of March, diesel price in Bangalore opened at the same rate at which it closed the third week, that is, Rs.86.35 per litre.
    • However, the prices dropped on 24th March, wherein it was being sold at the rate of Rs.86.19 per litre. The price of the fuel dropped further on 25th March and stood at the rate of Rs.85.97 per litre.
    • The highest recorded price for the fuel in Bangalore is Rs.86.35 and the lowest rate is Rs.85.97.
    • The week closed at the rate of Rs.85.97 per litre on 28th of March 2021. The overall performance of the fuel witnessed a drop of -0.44% in Bangalore.

    March – Week 5 (29 - 31):

    • Diesel price in Bangalore opened the fifth week of March at Rs.85.97 per litre. There was no change in the price of the fuel when the rate was compared to the closing price of the previous week.
    • The rate of diesel slipped in the city the following day and recorded its lowest price for the month. On 30th March, a litre of diesel cost Rs.85.73 in Bangalore.
    • The overall performance of diesel recorded a declining trend in Bangalore. The percentage change recorded in the rates stood at -0.71%.

    Trend of Diesel Price in Bangalore for February 2021 (Rates per litre):

    Parameters Rates/litre
    1st February Rs.81.08
    28th February Rs.85.82
    Highest Rate in February Rs.85.82
    Lowest Rate in February Rs.81.08
    Overall Performance Incline
    Percentage Change 5.84%

    February – Week 1 (1 - 7):

    • Diesel price in Bangalore stood at Rs.81.08 per litre on the 1st of February as prices continued to rise.
    • Diesel closed the week at Rs.81.74 per litre.
    • The overall percentage change was 0.81%.

    February – Week 2 (8 - 14):

    • Diesel price in Bangalore continued to rise like any other city in India, closing the week at Rs.83.79 per litre.
    • This was the highest recorded price for the month of February.
    • The overall percentage change for diesel was 3.34%.

    February – Week 3 (15 - 21):

    • Diesel price in Bangalore continued to rise like any other city in India, closing the week at Rs.85.82 per litre.
    • This was the highest recorded price for the month of February.
    • The overall percentage change for diesel was 5.84%.

    February – Week 4 (22 - 28):

    • Diesel price in Bangalore continued to rise like any other city in India, closing the month at Rs.81.51?per litre.
    • This was the highest recorded price for the month of February.
    • The overall percentage change for petrol was 6.52%.

    Trend of Diesel Price in Bangalore for January 2021 (Rates per litre):

    Parameters Rates/litre
    1st January Rs.78.27
    31st January Rs.81.08
    Highest Rate in January Rs.81.08
    Lowest Rate in January Rs.78.27
    Overall Performance Incline
    Percentage Change 3.59%

    January – Week 1 (1 - 7):

    • Diesel price in Bangalore stood at Rs.78.27 per litre on the 1st of January.
    • Diesel prices increased in the next few days, closing the week at Rs.78.86 per litre.
    • The overall percentage change was 0.75%.

    January – Week 2 (8 - 14):

    • Diesel price in Bangalore stood at Rs.78.86 per litre on the 8th of January as prices continued to rise.
    • Diesel prices increased over the next few days, closing the week at Rs.79.39 per litre.
    • The overall percentage change was 1.43%.

    January – Week 3 (15 – 21):

    • Petrol opened the third week of January at Rs.79.39 per litre. The price of the fuel didn’t see any change when compared to the closing price of the previous week.
    • The price of the fuel increased in the city on 18th and 19th January after remaining stagnant since the start of the week. A litre of petrol cost Rs.79.92 on 19th January, which was the highest for the month till date.
    • The fuel closed the week at the same price with the overall performance witnessing an inclining trend. The percentage change recorded in the rates stood at 2.10%.

    January – Week 4 (22 - 31):

    • Diesel price in Bangalore stood at Rs.80.18 per litre on the 22nd of January as prices continued to rise.
    • Diesel closed the month at Rs.81.08 per litre.
    • The overall percentage change was 3.59%.

    Trend of Diesel Price in Bangalore for December 2020 (Rates per litre):

    Parameters Rates/litre
    1st December Rs.76.73
    31st December Rs.78.27
    Highest Rate in December Rs.78.27
    Lowest Rate in December Rs.76.73
    Overall Performance Incline
    Percentage Change 2.00%

    December – Week 1 (1 - 7):

    • Diesel price in Bangalore stood at Rs.76.73 per litre on the 1st of December.
    • Diesel prices continued to go up, closing the week at Rs.78.27 per litre.
    • The overall change in percentage was 2%.

    December – Week 2 (8 - 14):

    • Diesel price in Bangalore stood at Rs.78.27 per litre on the 8th of December.
    • Petrol prices were more or less stable, closing the week at Rs.78.27 per litre.,
    • The overall percentage change was 2%.

    December – Week 3 (15 - 21):

    • Diesel price in Bangalore stood at Rs.78.27 per litre on the 15th of December.
    • Diesel prices were more or less stable, closing the week at Rs.78.827 per litre.
    • The overall percentage change was 1.99%.

    December – Week 4 (22 - 28):

    • Diesel price in Bangalore stood at Rs.78.27 per litre on the 22nd of December.
    • Diesel prices were more or less stable, closing the week at Rs.78.27 per litre.
    • The overall percentage change was 2%.

    December – Week 5 (29 - 31):

    • Diesel price in Bangalore stood at Rs.78.27 per litre on the 29th of December.
    • Diesel prices were stable, closing the week at Rs.78.27 per litre.
    • The overall percentage change was 2%.

    Trend of Diesel Price in Bangalore for November 2020 (Rates per litre):

    Parameters Rates/litre
    1st November Rs.74.67
    30th November Rs.76.73
    Highest Rate in November Rs.76.73
    Lowest Rate in November Rs.74.67
    Overall Performance Incline
    Percentage Change 2.75%

    November – Week 1 (1 - 7):

    • Diesel price in Diesel stood at Rs.74.67 per litre on the 1st of November, unchanged from its previous day’s closing price.
    • After staying stable for the next few days, diesel closed the week at Rs.74.67 per litre.
    • There was no change in diesel’s performance in Bangalore.

    November – Week 2 (8-14):

    • Diesel price in Banga or stood at Rs.74.67 per litre on the 8th of November.
    • Diesel stayed stable for the entire week and closed at Rs.74.67 per litre.
    • There was no percentage change of diesel in Bangalore.

    November – Week 3 (15-22):

    • Diesel price in Chennai stood at Rs.76.52 per litre on the 22nd of November, crawling up as state-run oil marketing companies decided to hike oil prices.
    • The overall percentage change of diesel in Chennai was 0.71% upwards.
    • In the international oil market, prices climbed up in anticipation of an early recovery in demand following news of a third successful COVID vaccine candidate.

    November – Week 4 (22-30) :

    • Diesel price in Bangalore stood at Rs.76.73 per litre on the 30th of November, showing a steep hike as state-run oil marketing companies decided to hike oil prices.
    • The overall percentage change of diesel in Bangalore was 2.75% upwards.
    • In the international oil market, oil prices rose due to increased demand catapulted by the possible release of COVID vaccine.

    Trend of Diesel Price in Bangalore for October 2020 (Rates per litre):

    Parameters Rates/litre
    1st October Rs.74.76
    31st October Rs.74.67
    Highest Rate in October Rs.74.76
    Lowest Rate in October Rs.74.67
    Overall Performance Decline
    Percentage Change -0.12%

    October – Week 1 (1 - 7):

    • Diesel price in Bangalore stood at Rs.74.76 per litre on the 1st of October.
    • Diesel dipped to Rs.74.67 per litre and stayed stable for the entire week.
    • In the international oil market, prices dropped after US President Donald Trump dismissed the speculations to provide a fourth stimulus package to boost the coronavirus-hit economy.

    October – Week 2 (8 - 14):

    • Diesel in Bangalore stood at Rs.74.67 per litre on the 8th of October.
    • Diesel price in Bangalore remained stable and closed the week at Rs.74.67 per litre.
    • In the international oil market, oil prices dropped because of the concerns related to spike in coronavirus cases.

    October – Week 3 (15 - 21):

    • Diesel price in Bangalore at the start of the third week of October was Rs.74.67 per litre. There was no change in the rates when compared to the closing price of the previous week.
    • Over the week, the price of diesel saw no change in the city.
    • Diesel closed the week at Rs.74.67 per litre. The overall performance witnessed a declining trend with the percentage change standing at -0.12%.

    October – Week 4 (22 - 28):

    • Diesel price in Bangalore at the start of the fourth week of October was Rs.74.67 per litre. When compared to the closing price of the previous week, there was no change in the rates.
    • The price of diesel saw no change in the city over the week with oil companies deciding to keep the rates unchanged.
    • Diesel closed the week at the same price with the overall performance witnessing a declining trend. The percentage change recorded in the rates stood at -0.12%.

    October – Week 5 (29 - 31):

    • Diesel price in Bangalore stood at Rs.74.67 per litre on the 29th of October, unchanged from previous day’s closing price.
    • Diesel closed the month at the same price with no change whatsoever. Overall performance of diesel was -0.12%, going stable.
    • Meanwhile, in the international oil market prices fell as coronavirus infections surged in the US and UK prompting renewed lockdowns and reducing demand for the oil.

    Trend of Diesel Price in Bangalore for September 2020 (Rates per litre):

    Parameters Rates/litre
    1st September Rs.77.94
    30th September Rs.74.86
    Highest Rate in September Rs.77.94
    Lowest Rate in September Rs.74.86
    Overall Performance Decline
    Percentage Change -3.95%

    September – Week 1 (1 - 7):

    • A litre of diesel for retailed for Rs.77.94 in Bangalore at the start of the first week of September. There was no change in the price of the fuel when compared to the closing price of the previous month.
    • The opening price of the fuel was the highest for the month till date. The price of diesel slipped in the city over the week and recorded a declining trend.
    • Diesel price in Bangalore closed the opening week of the month at Rs.77.52 per litre. The percentage change recorded in the rates stood at -0.53%

    September – Week 2 (8 to 14):

    • For the month of September, diesel price in Bangalore opened at the rate of Rs.83.97 per litre. When compared to the previous closing rate, there was a hike of 5 paise in the price of the fuel.
    • The price of the fuel witnessed fluctuations in the first two weeks of the month and displayed a declining trend. The lowest price of the fuel was recorded on 14th September wherein it was being traded at the rate of Rs.77.11 per litre. The highest price of the fuel was Rs.77.94 per litre which was recorded on 1st and 2nd September.
    • On the last day of the second week, that is on 14th September, the fuel was being traded at the rate of Rs.77.11 per litre. The overall performance of the fuel witnessed a decline of –1.06%.

    September – Week 3 (15 to 21):

    • Diesel price in Bangalore stood at Rs.76.88 per litre on the 15th of September, lower than its previous day’s closing price.
    • Diesel closed the second week at Rs.75.70 per litre, its lowest recorded price for the month of September.
    • The overall performance of diesel in Bangalore was a drop of -2.87%.

    September – Week 4 (22 – 30):

    • A litre of diesel for retailed for Rs.75.55 in Bangalore at the start of the final week of September. When compared to the closing price of the previous week, the price of the fuel was down by 15 paise.
    • The price of diesel slipped in the city over the week having remained stagnant till 24th September.
    • Diesel price in Bangalore closed the month of September at Rs.74.86 per litre. The percentage change recorded in the rates stood at -3.95%.

    Trend of Diesel Price in Bangalore for August 2020 (Rates per litre):

    Parameters Rates/litre
    1st August Rs.77.93
    31st August Rs.77.94
    Highest Rate in August Rs.77.94 on 16, 18, 22 to 31 August
    Lowest Rate in August Rs.77.88 on 17, 19, 20, and 21 August
    Overall Performance Incline
    Percentage Change 0.01%

    August – Week 1 (1 - 7):

    • In Bangalore, a litre of diesel was retailed for Rs.77.93 per litre at the start of the month. There was no change in the rates when compared to the closing price of the previous month.
    • Even though crude oil prices witnessed changed in the international market, the price of diesel didn’t see any change in the city over the opening week of the month.
    • Diesel’s overall performance in Bangalore was stable as the opening and closing price of the fuel was the same.

    August – Week 2 (8 – 14):

    • At the start of the second week of August, a litre of diesel price in Bangalore was being traded at the rate of Rs.77.93 in Bangalore. Compared to the closing price of the previous week, there was no change in the price of the fuel.
    • Throughout the month, the price of the fuel was stable and had witnessed no fluctuations.
    • The price of the fuel was fixed at Rs.77.93 per litre throughout the month. The overall performance of diesel in Bangalore was stable throughout the month.

    August – Week 3 (15 – 21):

    • State-run Oil Marketing Companies (OMCs) retailed a litre of diesel for Rs.77.93 in Bangalore at the start of the third week of August. There was no change in the rates when compared to the closing price of the previous week.
    • The price of the fuel recorded its highest price for the month till date on 16th August when a litre cost Rs.77.94. Over the week, diesel rates witnessed a lot of fluctuations.
    • Diesel price in Bangalore closed the week at Rs.77.88 per litre, which was the lowest for the month of August. The overall performance witnessed a declining trend with the percentage change being -0.06%.

    August – Week 4 (22 – 31):

    • The month of August opened with diesel being traded at the rate of Rs.77.93 per litre in Bangalore. When compared to the previous rates, there was no change in the price of the fuel.
    • The price of the fuel witnessed an almost flat rate for the rest of the month. The lowest recorded price of the fuel was Rs.77.88 per litre.
    • The 4th week of August ended on 31st August wherein diesel was being traded at the rate of Rs.77.94 per litre. The overall performance of the fuel witnessed an incline of 0.01%.

    Trend of Diesel Price in Bangalore for July 2020 (Rates per litre):

    Parameters Rates/litre
    1st July Rs.76.56
    31st July Rs.77.93
    Highest Rate in July Rs.77.93 on July 26 - 31 July
    Lowest Rate in July Rs.76.56 from July 1 - 6
    Overall Performance Incline
    Percentage Change 1.78%

    July – Week 1 (1 - 7):

    • Diesel price in Bangalore was priced Rs.76.56 per litre at the start of the month. When compared to the closing price of the previous month, the rates didn’t see any change.
    • The rates of the fuel didn’t see any change until 6th of July. On the final day of the week, the rates jumped by 26 paise and recorded its highest price for the month. A litre was retailed for Rs.76.56 on the mentioned date.
    • Over the week, the rates witnessed an inclining trend in the city. The percentage change recorded was 0.33%.

    June – Week 2 (8 - 14):

    • Diesel rate in Bangalore Rs.76.82 per litre on 8th of July. There was no change in the rates when compared to the closing price of the previous week.
    • While the rates remained unchanged for the next couple of days, it dropped to Rs.76.79 per litre on the 11th of July before increasing.
    • Diesel closed the second week of July at Rs.77.07 per litre in Bangalore. This was the highest recorded price of the fuel for the month till date. The overall performance witnessed an inclining trend in the rates with the percentage change standing at 0.66%.

    July – Week 3 (15 – 21):

    • Diesel price in Bangalore at the start of the third week of July was Rs.77.20 per litre. Compared to the closing price of the previous week, the rates were up by 13 paise.
    • The rate of diesel increased over the week and witnessed a jump of 45 paise. Diesel touched its highest price for the month till date on 20th July when a litre was retailed for Rs.77.65.
    • Diesel price closed the week at the same price as the rates didn’t see any change. The overall performance of diesel in Bangalore witnessed an inclining trend with the percentage change recorded being 1.42%.

    July – Week 4 (22 – 28):

    • In Bangalore, a litre of diesel was retailed for Rs.77.65 on 22nd July. There was no change in diesel price when compared to the closing price of the previous week.
    • Over the week, the price of diesel witnessed an incline of 28 paise in Bangalore. The increase in the rates saw diesel record its highest price for the month till date on 26th July.
    • Diesel price in Bangalore closed the fourth week of July at the same price as the rates remained stagnant over the last two days. Diesel’s overall performance witnessed an inclining trend with the percentage change standing at 1.78%.

    July – Week 5 (29 – 31):

    • A litre of diesel was retailed for Rs.77.93 at the start of the fifth week of July in Bangalore. Compared to the price charged at the end of the previous week, there was no change in rate of diesel.
    • The price of diesel didn’t see any change till the end of the month as state-run Oil Marketing Companies (OMCs) decided against changing the rates.
    • The overall performance of diesel in Bangalore witnessed an inclining trend with the percentage change being 1.78%.

    Trend of Diesel Price in Bangalore for June 2020 (Rates per litre):

    Parameters Rates/litre
    1st June Rs.65.94 per litre
    30th June Rs.76.56 per litre
    Highest Rate in June Rs.76.56 per litre on 30 June
    Lowest Rate in June Rs.65.94 per litre from 1 - 4 June
    Overall Performance Incline
    Percentage Change 16.10%

    June – Week 1 (1 - 7):

    • A litre of diesel cost Rs.65.94 on 1st of June in Bangalore. The rates saw no change when compared to the closing price of the previous month. This was the lowest recorded price of the fuel for the month till date.
    • Over the next six days, state-run Oil Marketing Companies (OMCs) kept the rates unchanged in the southern city. There was an increase of 40 paise in the rates on the final day of the week and was retailed for Rs.66.34 per litre.
    • The closing price of the fuel was the highest in the month till date. In the city, there was an incline of 0.60% in the rates.

    June – Week 2 (8 - 14):

    • Diesel price in Bangalore was retailed for Rs.75.22 at the start of the second week of June. The rates of the fuel in the city were increased for the second consecutive day after state-run Oil Marketing Companies (OMCs) restarted the daily revision of prices after an 82-day hiatus.
    • Diesel rates climbed on all days of the week in Bangalore. A litre of the fuel was retailed for Rs.68.66 on 11th June before breaching the Rs.70-mark on the final day of the week.
    • The fuel closed the week at Rs.70.52 per litre in the city. This was the highest recorded price of the diesel for the month till date. The overall performance witnessed a declining trend with the percentage change being 6.94%.

    June – Week 3 (15 – 21):

    • In Bangalore, diesel opened the third week of June at Rs.70.93 per litre. The rates charged for a litre of diesel was up by 41 paise when compared to what was charged on the final day of the previous week.
    • The rates were on an upward curve over the week in the city. With the rates being hiked every day by state-run Oil Marketing Companies (OMCs), the price of diesel climbed to Rs.73.26 per litre on 19th June.
    • The increase in the rates continued and closed the week at Rs.74.41 per litre in Bangalore. The closing price of the fuel was the highest for the month of June till date. The overall performance of the fuel in the city saw an inclining trend with the percentage change being 12.84%.

    June – Week 4 (22 – 30):

    • A litre of diesel was priced at Rs.74.96 in Bangalore at the start of the fourth and final week of June. Compared to the closing price of the previous week, the rates were up by 55 paise in the city.
    • The rates continued to climb in the city and breached the Rs.76-mark on 25th June as oil companies decided against slashing the rates. A litre of diesel cost Rs.76.07 on the mentioned date.
    • Diesel closed the week at Rs.76.56 per litre, the highest recorded price of the fuel for the month of June. The overall performance of the fuel witnessed an inclining trend with the percentage change being 16.10%.

    Trend of Diesel Price in Bangalore for May 2020 (Rates per litre):

    Parameters Rates/litre
    1st May Rs.65.94
    31st May Rs.65.94
    Highest Rate in May Rs.65.94
    Lowest Rate in May Rs.65.94
    Overall Performance Stable
    Percentage Change -

    May – Week 1 (1 - 7):

    • Diesel price in Bangalore stood at Rs.65.94 per litre on the 1st of May, unchanged from its previous day’s closing price.
    • Diesel prices stayed stable throughout the week though the Indian Government increased excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.
    • The overall performance of diesel in Bangalore was stable with no change in its price whatsoever.

    May – Week 2 (8 - 14):

    • Diesel price in Bangalore stood at Rs.65.94 per litre on the 8th of May, unchanged from its previous day’s closing price.
    • Diesel stayed stable for the next few days and closed the week at Rs. Rs.65.94 per litre even after the Indian Government increased excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.
    • The overall performance of diesel in Bangalore was 11.39%.

    May – Week 3 (15 - 21):

    • Diesel price in Bangalore stood at Rs.65.94 per litre on the 15th of May, unchanged from its previous day’s closing price.
    • Diesel prices stayed stable for the next few days before jumping to Rs.65.96 per litre. Meanwhile, the Indian Government increased excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.
    • The overall performance of diesel in Bangalore was 0.03%, trending positive.

    May – Week 4 (22 - 28):

    • Diesel opened the fourth week of May at Rs.65.96 per litre in Bangalore. There was no change in the rates when compared to the closing price of the previous week.
    • The rates slipped in the city on 25th May after staying unchanged for a couple of days. A litre of diesel cost Rs.65.94 in Bangalore following the decline in the rates.
    • There was no change in the rates following that in Bangalore. As the opening and closing price of the fuel for the month of May was the same in the city, the overall performance remained stable.

    May – Week 5 (29 - 31):

    • In Bangalore, diesel was priced at Rs.65.94 at the start of the fifth week of May. Compared to the closing price of the previous week, there was no change in the rates of the fuel.
    • There was no change in the rates over the last three days of the month and closed the month at the same price.
    • The overall performance of diesel was stable in the city as there was no difference in the opening and closing price of the fuel.

    Trend of Diesel Price in Bangalore for April 2020 (Rates per litre):

    Parameters Rates/litre
    1st April Rs.64.40
    28th April Rs.65.94
    Highest Rate in April Rs.65.94
    Lowest Rate in April Rs.64.40
    Overall Performance Incline
    Percentage Change 2.39%

    April – Week 1 (1 - 7):

    • Diesel price in Bangalore stood at Rs.64.40 per litre on the 1st of April, unchanged from its previous day’s closing price.
    • After staying stable for the next few days, diesel jumped to Rs.65.94 per litre. In the international oil market, oil prices fluctuated due to the coronavirus pandemic, diminishing the demand for the oil.
    • The overall performance of diesel in Bangalore was 2.39%.

    April – Week 2 (8 - 14):

    • Diesel price in Bangalore stood at Rs.65.96 per litre on the 8th of April, 2 paise higher than its previous day’s closing price.
    • Diesel dropped by 2 paise and stayed stable for the next few days, closing the week at Rs.65.94 per litre. In the international oil market, oil prices fluctuated due to the coronavirus pandemic, diminishing demand for the oil.
    • The overall performance of diesel in Bangalore was 2.39%.

    April – Week 3 (15 - 21):

    • Diesel price in Bangalore stood at Rs.65.94 per litre on the 15th of April, unchanged from its previous day’s closing price.
    • Diesel stayed stable for the next few days, closing the week at Rs.65.94 per litre. In the international oil market, oil prices crashed two-decade low due to the COVID-19 pandemic, thereby sending ripples across countries.
    • The overall performance of diesel in Bangalore was 2.39%.

    April – Week 4 (22 - 28):

    • Diesel price in Bangalore stood at Rs.64.40 per litre on the 22nd of April, unchanged from its previous day’s closing price.
    • Diesel stayed stable for the next few days, closing the week at Rs.64.40 per litre as the state-run oil marketing companies decided to keep the prices stagnant. In the international oil market, oil prices crashed a two-decade low due to the COVID-19 pandemic, thereby sending ripples across countries.
    • The overall performance of diesel in Bangalore was 2.39%.

    Trend of Diesel Price in Bangalore for March 2020 (Rates per litre):

    Parameters Rates/litre
    1st March Rs.66.48
    31st March Rs.64.40
    Highest Rate in March Rs.66.48
    Lowest Rate in March Rs.64.40
    Overall Performance Decline
    Percentage Change -3.12%

    March – Week 1 (1 - 7):

    • In Bangalore, the price of diesel opened at the rate of Rs.66.48 per litre on the 1st of March 2020. This was the highest recorded rate for the fuel during the first week of the month.
    • Due to the spread of Corona virus, there has been a slowdown of the economy. In addition to that, investors have been doubtful about investments which has affected the Indian Rupee (INR) and it has taken a hit against the US Dollar (USD). The price of the fuel has taken a hit owing to these factors.
    • In Bangalore, the price of diesel for the first week of March 2020 closed at the rate of Rs.75.47 per litre on 7th March. There was a percentage change of –0.95% in the overall performance of the fuel.

    March – Week 2 (8 - 14):

    • Diesel opened the second week of March at Rs.65.66 per litre in Bangalore. Compared to the previous week’s closing price, the rates slipped by 19 paise for a litre.
    • The fall in the prices was accounted to the biggest daily percentage fall in Brent crude prices since December 2008 on Friday. The rates continued to slip over the week as the outbreak of coronavirus and the price war between Russia and Saudi Arabia meant that crude oil prices continued to slip in the international oil market.
    • Diesel prices in Bangalore closed the week at Rs.64.40 per litre. The closing price was the lowest recorded price for the month till date with the overall performance showing a decline of 3.12% in the prices.

    March – Week 3 (15 - 21):

    • Diesel in Bangalore stood at Rs.64.86 per litre on the 15th of March. Prices kept slumping on the next few days.
    • Diesel closed the week at Rs.64.40 per litre. In the international oil market, oil prices fluctuated due to the coronavirus pandemic.
    • The overall performance of diesel in Bangalore was -3.12%, trending downwards.

    March – Week 4 (22 - 31):

    • Diesel price in Bangalore stood at Rs.64.40 per litre on the 22nd of March, unchanged from its previous day’s closing price.
    • Diesel closed the week at Rs.64.40 per litre after state-run oil marketing companies decided not to lower the price further. In the international oil market, oil prices fluctuated due to the coronavirus pandemic, diminishing the demand of the oil.
    • The overall performance of diesel in Bangalore was -3.12%, trending downwards.

    Trend of Diesel Price in Bangalore for February 2020 (Rates per litre):

    Parameters Rates/litre
    1st February Rs.68.45
    29th February Rs.66.66
    Highest Rate in February Rs.68.45
    Lowest Rate in February Rs.66.66
    Overall Performance Decline
    Percentage Change -2.61%

    February – Week 1 (1 – 7):

    • Diesel price in Bangalore stood at Rs.68.45 per litre on the 1st of February, unchanged from its previous day’s closing price. In the international oil market, there’s been a squeeze on oil demand owing to China’s fast spreading coronavirus.
    • The state-run oil marketing companies decided to cut diesel rates further. Diesel closed the week at Rs.67.86 per litre.
    • The overall performance of diesel in Bangalore was -0.86%, trending downwards.

    February – Week 2 (8 - 14):

    • Diesel price in Bangalore stood at Rs.67.60 per litre on the 8th of February, marking a drop from its previous day’s closing price.
    • In the next few days, the state-run oil marketing companies decided to cut diesel rates further. Diesel closed the week at Rs.66.93 per litre, its lowest recorded price for the month.
    • The overall performance of diesel in Bangalore was -2.22%, trending downwards.

    February – Week 3 (15 - 21):

    • Diesel prices in Bangalore started the third week of February at Rs.66.93 per litre. No change in the rates was seen when compared to the closing price of the previous week.
    • The rates slipped to the lowest for the month on 18 February as OMCs cut the prices by 6 paise for every litre. A litre of diesel was retailed for Rs.66.80 in Bangalore on the mentioned date.
    • In the southern city, diesel closed the week at Rs.66.80 per litre after the rates didn’t see any change in the latter half of the week. Diesel’s overall performance witnessed a decline of 2.41% in Bangalore.

    February – Week 4 (22 - 29):

    • Diesel price in Bangalore stood at Rs.66.80 per litre on the 22nd of February, unchanged from the previous day’s closing price.
    • Diesel prices increased a bit for the next couple of days before the oil dropping a bit to close the month at Rs.66.66 per litre, its lowest recorded price for the month of February.
    • The overall performance of diesel in Bangalore was -2.61%, trending downwards.

    Trend of Diesel Price in Bangalore for February 2020 (Rates per litre):

    Parameters Rates/litre
    1st January Rs.70.26
    31st January Rs.68.54
    Highest Rate in January Rs.71.53
    Lowest Rate in January Rs.68.54
    Overall Performance Decline
    Percentage Change -2.44%

    January – Week 1 (1 – 7):

    • The price of petrol opened at the rate of Rs.77.69 per litre in Bangalore for the first week of January 2020. The price of the fuel carried forward the same rate at which it closed on the previous day, i.e. 31st December 2019. For the rest of the week, the price of the fuel increased steadily.
    • There was a hike of more than 2% in the price of Brent crude oil in the international market. The main reason behind this hike was the threat from the US President Donald Trump to impose curbs on Iraq in the light of the recent war-like situation in the Middle East.
    • In Bangalore, the price of petrol came to a close for the first week of January 2020 at the rate of Rs.78.43 which was the highest recorded rate of the fuel for the week. Based on the opening and the closing rates of the fuel in Bangalore, the overall performance of petrol witnessed a percentage change of +0.95%.

    January – Week 2 (8-14)

    • Diesel price in Bangalore started the second week of January at Rs.71.12 per litre. There was no change in the prices when compared to the previous week’s closing price.
    • The rates of the fuel climbed to Rs.71.53 per litre on 11 January in the southern city due to the turmoil in global oil markets because of the US – Iran standoff. This was the highest recorded price of the fuel for the month till date.
    • In Bangalore, diesel price closed the week at Rs.71.42 per litre after the prices fell with the tensions between the United States of America and Iran beginning to ease. Diesel overall performance in the city showed an incline of 1.65%.

    January – Week 3 (15-21) :

    • Diesel price in Bangalore stood at Rs.71.42 per litre, unchanged from its previous day’s closing price. However, prices dropped on the following days after the state-run oil marketing companies decided to slash rates.
    • Diesel stood at Rs.70.79 per litre on the 19th of January, marking a gradual drop from its opening day’s price.
    • Diesel rate closed the week at Rs.70.37 per litre. The overall performance of diesel in Bangalore for the month of January was 0.15%, trending downwards.

    January – Week 4 (22-28):

    • Diesel price in Bangalore started the fourth week of January at Rs.70.37 per litre. There was no change in the rates of the fuel when compared to the previous week’s closing price.
    • As traders feared that oil demand will drop given the impact of the deadly coronavirus on Chinese economy, diesel prices slipped in the city over the week. Since the start of the week, the rates of the fuel declined by Rs.1.52 per litre.
    • In Bangalore, diesel rate closed the week at Rs.68.85 per litre. This was the lowest recorded price of the fuel for the month till date. The overall performance showed a decline of -2.00%.

    January – Week 5 (29-31):

    • Diesel price in Bangalore stood at Rs.68.85 per litre on the 29th of January, unchanged from its previous day’s closing price. Prices fluctuated in the international market owing to coronavirus and its effect on the Chinese economy.
    • Diesel closed the month at Rs.68.54 per litre, its lowest recorded prices for the month of January.
    • The overall performance of diesel in Bangalore was -2.44%, trending downwards.

    Also Check Diesel Price in Metro Cities

    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.

    Diesel to Become Dearer in the Country (Date:5th July'19)

    The rates of diesel are going to become dearer in the country. Union Finance Minister Nirmala Sitharaman in today’s Union budget proposed to increase special additional excise duty (SAEL) and infrastructure cess on diesel by Re.1 per litre. Sitharaman in her speech stated that with crude prices softening from the highs, the government wants to review excise duty and cess. Currently, the government charges SAED of Rs.1 and road and infrastructure cess of Rs.8 on diesel. She, however, did not share the overall tax gain for the government.

    It is noteworthy to mention that the government had cut the basic excise duty by Rs.2 per litre in last year’s budget. However, it did not result in the prices coming down as the cut was offset by an extra levy of Rs.8 per litre under Levy of Road and Infrastructure Cess. As of Friday, diesel prices remain unchanged in the country for the third consecutive day. In the national capital, every litre cost Rs.64.33.

    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.

    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 prices stable across all the metros in India on 29 August 2021

      State-controlled Oil Marketing Companies (OMCs) did not make any changes to the diesel prices across all the metros in India on 29 August 2021. Diesel prices have not been changed for five days in a row. When compared to all the metros, the prices of diesel are the highest in Mumbai. Since India imports more than 80% of its crude requirements, the value of the rupee against the dollar and the crude oil prices in the global markets determine the diesel prices in the country. The prices of diesel are different in every city and vary because of local taxes. Most of the diesel stations in India are accounted for by Indian Oil, Hindustan Petroleum, and Bharat Petroleum. The updated prices of diesel in Delhi, Mumbai, Chennai, and Kolkata are at Rs.88.92, Rs.96.48, Rs.93.52, and Rs.91.98 for a litre, respectively.

      31 August 2021

    • Diesel prices stagnant across all the metros for 15 days in a row

      Oil Marketing Companies (OMCs) that are run by the state did not make any changes to the diesel rates across all the metros in India on 1 May 2021. Diesel rates have not been changed across all the metros for 15 days in a row. When compared to all the metros, diesel prices are the highest in Mumbai. Diesel rates are revised on a daily basis and the prices are different in every city because of local taxes. Since India imports around 80% of its crude requirements, the value of the rupee against the dollar and the crude oil prices in the global markets determine the prices of diesel in the country. The updated diesel rates in Delhi, Mumbai, Chennai, and Kolkata are at Rs.80.73, Rs.87.81, Rs.85.75, and Rs.83.61 for a litre, respectively. Most of the diesel stations in India are accounted for Hindustan Petroleum, Indian Oil, and Bharat Petroleum.

      3 May 2021

    • Diesel rates unchanged across all the metros in India on 28 April 2021

      Oil Marketing Companies (OMCs) that are run by the state did not make any changes to the diesel rates across all the metros in India on 28 April 2021. When compared to all the metros, diesel prices are the highest in Mumbai. Diesel rates are revised on a daily basis and the prices are different in every city because of local taxes. Since India imports around 80% of its crude requirements, the value of the rupee against the dollar and the crude oil prices in the global markets determine the prices of diesel in the country. The updated diesel rates in Delhi, Mumbai, Chennai, and Kolkata are at Rs.80.73, Rs.87.81, Rs.85.75, and Rs.83.61 for a litre, respectively. Most of the diesel stations in India are accounted for Hindustan Petroleum, Indian Oil, and Bharat Petroleum.

      28 April 2021

    • Diesel price continue to see no change

      State-run Oil Marketing Companies (OMCs) continued to keep diesel rates unchanged in the country. Following the daily revision in the rates, a litre of diesel was priced Rs.80.73 in Delhi. In the other three metropolitan cities of the country, i.e., Mumbai, Kolkata, and Chennai, consumers were charged Rs.87.81, Rs.83.61, and Rs.85.75 respectively. Diesel price was the highest in Mumbai among all the metropolitan cities.

      In the global market, the futures of Brent crude increased by 0.40 percent on Friday to cost $67.21 per barrel. The rupee, meanwhile gained 58 paise to settle at 74.35 against the US dollar.

      It needs to be mentioned here that state-run oil marketing companies like Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum revise the rates as per the dynamic pricing scheme which was adopted in June 2017. As per the mechanism, the rates are dependent on international oil rates on a 15-day average and the rupee – US dollar exchange rate.

      19 April 2021

    • No changes made to the diesel prices across the metros on 10 April 2021

      State-operated Oil Marketing Companies (OMCs) did not make any changes to the diesel rates across all the metros in India on 10 April 2021. Most of the diesel stations in India are accounted for by Indian Oil, Bharat Petroleum, and Hindustan Petroleum, respectively. OMCs revise diesel rates on a daily basis and the prices are different in every city because of local taxes. Since India imports more than 80% of its crude requirements, the value of the rupee against the dollar and the crude oil prices in the global markets determine the diesel rates in the country. On 9 April, the value of the rupee saw losses against the dollar for the fifth session in a row. The updated diesel prices in the country in Kolkata, Chennai, Mumbai, and Delhi are at Rs.83.75, Rs.85.88, Rs.87.96, and Rs.80.87 for a litre, respectively.

      12 April 2021

    • OMCs keep diesel rates steady

      State-run Oil Marketing Companies (OMCs) on Tuesday kept the price of diesel in the major cities of the country stagnant. As per the data made available on the Indian Oil Corporation website, the price of diesel was the highest in Mumbai among all the metropolitan cities of the country. A litre was retailed for Rs.87.96 in the financial capital of the country while in the other three major cities i.e., Delhi, Kolkata, and Chennai, a litre cost Rs.80.87, Rs.83.75, and Rs.85.88 respectively. In India, fuel rates are revised daily by oil companies. The rates are dependent on international oil rates on a 15-day average and the rupee – US dollar exchange rate.

      6 April 2021

    • Diesel prices reduced: Price by city

      Oil marketing companies have reduced the prices of diesel on 30 March 2021 by 23 paise. In New Delhi, on Monday, the price of diesel was Rs.80.87 per litre while on Tuesday it was Rs.81.10. In Mumbai, the price of diesel was Rs.87.96 per litre. In Kolkata, the price of diesel was Rs.83.75 per litre. In Chennai, the price of diesel came down from Rs.86.10 to Rs.85.88. The prices of diesel in Noida were Rs.81.33, in Bengaluru it was 85.75, in Hyderabad it was Rs.88.20, in Jaipur it was Rs.89.35, in Lucknow it was Rs.81.27, and in Patna it was Rs.86.12.

      30 March 2021

    • No changes made to the diesel prices on 23 March 2021

      State-operated Oil Marketing Companies (OMCs) did not make any changes to the prices of diesel across all the metros in India on 23 March 2021. No changes have been made to the diesel rates for 23 days in a row. Diesel rates have not been changed across most cities in the country since 27 February. Since India imports around 83% of its crude requirements, the value of the rupee against the dollar and the crude oil prices in the global markets determine the diesel rates in the country. The updated diesel prices in Delhi, Mumbai, Chennai, and Kolkata are at Rs.81.47, Rs.88.60, Rs.86.45, and Rs.84.35 for a litre, respectively. OMCs revise diesel rates on a daily basis and the prices are different in every city because of local taxes.

      23 March 2021

    • Diesel retailed for Rs.81.47 in Delhi on Friday

      With oil companies keeping diesel rates unchanged for the sixth consecutive day of the country, a litre of diesel was retailed for Rs.81.47 in Delhi on Friday. In Mumbai, Kolkata, and Chennai, consumers were required to shell out Rs.88.60, Rs.84.35, and Rs.86.45 for a litre. Diesel rates in the country haven’t seen any change since reaching record highs on Saturday.

      It needs to be mentioned here that fuel rates in the country have recorded an upswing since 6 January after remaining unchanged for almost a month. The increase in the price has been accounted to a rally in global crude oil prices. Oil Minister has urged producers to ease output cuts and help the global economic recovery from the COVID-19 pandemic given that consumers have been hit hard by high fuel prices.

      5 March 2021

    • Diesel rates in the national capital increased for the seventh consecutive day

      OMCs that are run by the state increased the prices of diesel in the national capital by 29 paise on 15 February 2021. Diesel rates have been increased for the seventh consecutive day in Delhi. Since India imports around 83% of its crude requirements, the value of the rupee against the dollar and the crude oil prices in the global markets determine the prices of diesel in the country. Following the revision, the updated prices of diesel in Kolkata, Chennai, Mumbai, and Delhi are at Rs.82.94, Rs.84.44, Rs.86.34, and Rs.79.35 for a litre, respectively. Diesel rates have been increased on a regular basis since 6 January 2021. Most of the fuel stations in India are accounted for by Indian Oil, Bharat Petroleum, and Hindustan Petroleum.

      15 February 2021

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