Diesel Price In Bangalore Today

  • Today's Diesel Price in Bangalore( 31 May 2020 )

    ₹ 65.94
    Current Diesel Price Per Liter

    Compare Diesel Price in Bangalore (Today & Yesterday)

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    Diesel ( / litre) ₹ 65.94 ₹ 65.94 ₹ 0 ↑

    Diesel Price in Bangalore - Last 10 Days Data

    Date Diesel ( / litre)
    31 May 2020 ₹ 65.94
    30 May 2020 ₹ 65.94
    29 May 2020 ₹ 65.94
    28 May 2020 ₹ 65.94
    27 May 2020 ₹ 65.94
    26 May 2020 ₹ 65.94
    25 May 2020 ₹ 65.94
    24 May 2020 ₹ 65.96
    23 May 2020 ₹ 65.96
    22 May 2020 ₹ 65.96

    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 May 2020 (Rates per litre):

    Parameters Rates/litre
    1st May Rs.65.94
    14th 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.

    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.

    Trend of Diesel Price in Bangalore for December 2019 (Rates per litre):

    Parameters Rates/litre
    1st December Rs.67.96
    29th December Rs.69.89
    Highest Rate in December Rs.69.89
    Lowest Rate in December Rs.67.96
    Overall Performance Incline
    Percentage Change 2.83%

    December – Week 1 (1 – 7):

    • Diesel price in Bangalore stood at Rs.67.96 per litre on the 1st of December, unchanged from previous day’s closing price.
    • Diesel remained stable for the next few days at Rs.67.96 per litre.
    • Diesel rates increased on the 7th of December, with diesel closing at Rs.68.05 per litre, a 9 paise hike from the previous day’s closing price. Overall performance of diesel in Bangalore was 0.13%, trending upwards.

    December – Week 2 (8--14):

    • Diesel price in Bangalore stood at Rs.68.15 per litre on the 8th of December, 10 paise higher than its previous day’s closing price.
    • Diesel prices further increased before stabilising at Rs.68.27 per litre, its highest recorded price for the month till now.
    • Diesel rate closed the week at Rs.68.27 per litre. Overall performance of diesel in Bangalore was 0.45%, trending upwards.

    December – Week 3 (15 - 21):

    • In Bangalore, diesel prices stood at Rs.68.27 on 15 December. The rates remained unchanged when compared to the previous day’s closing price.
    • After staying constant for the next few days, the rates were on an upward curve as demand for the fuel increased in the country. OMCs retailed a litre for Rs.68.43 as of 19 December.
    • Diesel closed the week at Rs.68.79 per litre. This was the highest recorded price for diesel in Bangalore for the month. The fuel’s overall performance in the southern city was 1.22%, trending upwards.

    December – Week 4 (22 - 29):

    • Diesel price in Bangalore stood at Rs.69 on 22 December. Compared to the previous week’s closing price, the rates increased by 20 paise per litre.
    • After the US president said that a trade deal with China will be signed soon, Oil Marketing Companies (OMCs) refrained from increasing the prices. This resulted in diesel prices stabilising at Rs.69.25 per litre until 26 December.
    • The rates started to climb from 27 December on the hopes that trade tensions between the United States and China would ease amid the efforts of OPEC to cut supply. Diesel closed the week at Rs.69.89 per litre, the highest recorded price for the month till date. The overall performance of the fuel in the city was 2.83%, trending upwards.

    Trend of Diesel Price in Bangalore for November 2019 (Rates per litre)

    Parameters Rates/litre
    1st November Rs.67.99
    30th November Rs.67.96
    Highest Rate in November Rs.68.10
    Lowest Rate in November Rs.67.91
    Overall Performance Decline
    Percentage Change -0.44%

    November – Week 1 (1 – 7):

    • In Bengaluru, the price of diesel opened at Rs.67.99 per litre on the first week of November. The rates were down by 10 paise when compared to the rates of the previous day, i.e. the closing day of October. The rate of the fuel was Rs.68.09 per litre on 31 October 2019.
    • The Brent crude oil was being traded at $55.94 per barrel in the international market. There was a drop of 26 cents when compared to the last recorded closing rate of Brent oil. The demand for energy was affected by the US-China trade war. Overall, the price of crude oil was relaxed across the globe owing to the upcoming European and US economic data.
    • The first week of November closed with the price of the fuel standing at Rs.67.93 per litre. So far, this is the lowest recorded price of diesel in Bengaluru for the month of November. The overall performance of the fuel dropped by -0.09%.

    November – Week 2 (8 – 14):

    • Diesel price in Bangalore stood at Rs.68.03 per litre on the 8th of November, 10 paise higher than the previous day’s closing price. Diesel further increased on the next day, reaching its peak at Rs.68.10 per litre.
    • However, after the steep rise, diesel prices fell, closing the week at Rs.67.97 per lite.
    • The overall performance of diesel in Bangalore was -0.02%, trending downwards. Meanwhile, in the international oil market, fuel prices improved as data showed signs of improvement in US and China economies.

    November – Week 3 (15 – 21):

    • Diesel price in Bangalore stood at Rs.67.97 per litre on the 15th of November, unchanged from previous day’s closing price. Diesel remained stable for the next few days till the 19th of November.
    • Diesel in Bangalore closed at Rs.68.03 per litre on the 21st of November.
    • The overall performance of diesel in Bangalore was 0.05%. Meanwhile, in the international oil market, fuel prices improved as data showed signs of improvement in US and China economies.

    November – Week 4 (22 – 30):

    • Diesel price in Bangalore opened the fourth and final week of November at Rs.68.03 per litre. There was no change in the prices of the fuel when compared to the previous day’s closing price.
    • The rates dropped to Rs.67.91 per litre on 24th November when though crude oil prices increased in the international oil market. Diesel prices remained constant for the next few days before increasing again.
    • Diesel rate in Bangalore closed the month of November at Rs.67.96 per litre. The overall performance of the fuel was –0.44%, trending downwards.

    Trend of Diesel Price in Bangalore for October 2019 (rates per litre)

    Parameters Rates/litre
    1st October Rs.69.79
    31st October Rs.68.09
    Highest Rate in October Rs.69.79
    Lowest Rate in October Rs.68.09
    Overall Performance Decline
    Percentage Change -2.43%

    October - Week 1 (1-7):

    • In Bangalore, the prices of diesel opened at Rs.69.79 per litre after increasing by 19 paise from the previous day’s closing price. It was the highest recorded price for the month so far in Bangalore.
    • The rates dropped considerably over the week in Bangalore as the prices of crude oil cooled down and reversed all the gains that it made in the previous sessions. Compared to the rates charged on the opening day, the prices fell by 60 paise per litre.
    • Diesel price in Bangalore closed the opening week in Bangalore at Rs.69.19 per litre, the lowest recorded price for the month till date. The overall performance of diesel in the week was -0.85%.

    October - Week 2 (8 – 14):

    • Diesel price in Bangalore opened at Rs.69.09 per litre on the 8th of October. Compared to the previous day’s closing price the rates were down by 10 paise per litre.
    • The rates remained unchanged for the next day. However, with international oil prices declining due to concerns regarding global economic growth and demand for fuel, the rates dropped in the southern city.
    • With OPEC indicating deeper cuts in supply as well as renewed geopolitical tensions in the Middle East meant that the prices closed the week at Rs.68.72 per litre. This was the lowest recorded price for the month of October till date. Diesel’s overall performance was -1.53%, trending downwards.

    October - Week 3 (15 – 21):

    • Diesel price in Bangalore opened the third week of October at Rs.68.67 per litre. Compared to the previous day’s rates, the cost of every litre declined by 5 paise.
    • The rates dropped considerably on 18 October after staying constant for the first three days of the week. Following the drop in the prices, every litre of diesel cost Rs.68.57 in the city.
    • Price of diesel continued to slide further in the week and closed at Rs.68.42 per litre. This was the lowest recorded price for diesel so far in the month of October. The overall performance of petrol in Bangalore was -1.96%, trending downwards.

    October - Week 4 (22 – 28):

    • In Bengaluru, the price of diesel opened at Rs.68.36 per litre at the beginning of the fourth week. The price of diesel on the previous day stood at Rs.68.42 per litre. This marked a dip of 6 paise per litre in the rate of diesel.
    • Brent oil was being traded at $60 per barrel in the international market. However, the price of the crude oil continued to witness the dip in the rates.
    • On 28th of October, the price of diesel in Bengaluru stood at Rs.68.20 per litre. This has been the lowest recorded rate for diesel in Bengaluru for the month of October. There was an overall percentage change of -2.28% in the performance of diesel.

    October - Week 5 (29-31):

    • Diesel price in Bangalore opened at Rs.68.09 per litre on the 29th?of October, dropping 11?paise?from the previous day’s closing price. It’s also the lowest recorded diesel price in Bangalore for the month of October. In the international oil market, prices remained stagnant despite Russia promising to pledge a deal with OPEC to keep a check on production and support prices.
    • Diesel rate stood at Rs.68.09?on the 31st?of October, unchanged from its previous day’s closing price. Meanwhile, in the international oil market, crude prices dipped after an unprecedented rise in US inventories.
    • In the month of October, diesel saw a steady decline in its prices. The overall performance of diesel price in Bangalore was -2.43%, trending downwards.

    Trend of Diesel Price in Bangalore for September 2019 (rates per litre)

    Parameters Rates/litre
    1st September  Rs.67.42
    30th September Rs.69.60
    Highest Rate in September Rs.69.60
    Lowest Rate in September Rs.67.28
    Overall Performance Incline
    Percentage Change 3.23%

    September - Week 1 (1-7):

    • Diesel price in Bangalore opened at Rs.67.42 per litre, unchanged from previous day’s closing price. State-run oil marketing companies decided not to cut prices due to soft demand of the oil.
    • After staying stable for the next few days, diesel dropped slightly on 5th September, recording Rs.67.39 per litre. Diesel closed the week at Rs.67.28 per litre. Meanwhile in the international oil market, crude prices went up after US confirmed that talks with China to reach a trade pact would be held in the coming weeks.
    • Overall performance of diesel on Bangalore for the first week of September was -0.2%, trending downwards.

    September - Week 2 (8-14):

    • Diesel price in Bangalore opened at Rs.67.28 per litre in Bangalore on the 8th of September—unchanged from the previous day’s closing price. It’s also the lowest recorded price for the month of September. Meanwhile, in the international oil industry, crude futures dropped after participants reduced positions due to a weak trend in global markets.
    • Diesel rate remained unchanged for a day before rising again on the 10th of September. The hike in prices was primarily due to a sharp drop in US inventories.
    • Diesel rose sharply in the next few days, closing the week at Rs.67.57 per litre, its highest recorded price for the month till now. The overall performance of diesel was 0.21% and going by the current trend, it’s safe to say that diesel’s going to witness a fair hike in the coming days.

    September - Week 3 (15-21):

    • Diesel price in Bangalore opened at Rs.67.63 per litre on the 15th of September—6 paise higher than the previous day’s closing price.
    • After staying stagnant for a day, diesel prices rose by 16 paise, recording Rs.67.79 per litre on 17 September. Meanwhile, in the international market prices slid after Saudi Arabia’s energy minister stated the kingdom will restore lost oil production by the end of the month.
    • Price of diesel in Bangalore closed the week at Rs.68.77 per litre, its highest recorded price in the month of September. The substantial increase in petrol prices was primarily due to last week’s drone attack on Saudi Arabia’s Aramco oil refinery. The overall performance of petrol was 2%, trending upwards.

    September - Week 4 (22-30):

    • Diesel rate opened at Rs.68.99 per litre in Bangalore on the 22nd of September—22 paise higher than the previous day’s closing price.
    • Diesel prices kept soaring, recording, Rs.69.51 per litre on the 27th of September.
    • Diesel price in Bangalore closed the week at Rs.69.60 per litre, its highest recorded price in the month of September. The substantial increase in petrol prices was primarily due to the recent drone attack on Saudi Arabia’s Aramco oil refinery. The overall performance of diesel was 3.23%, trending upwards.

    Trend of Diesel Price in Bangalore for August 2019 (rates per litre):

    Parameters Rates/litre
    1st August Rs.68.23
    31st August Rs.67.42
    Highest Rate in August Rs.68.23
    Lowest Rate in August .Rs.67.27
    Overall Performance Decline
    Percentage Change -1.18%

    August 2019 – Week 1 (1-7):

    • Diesel price in Bangalore opened the week at Rs.68.23 per litre – the highest rate recorded during the week – marked largely due to a slight incline of crude oil prices in the market amid more than expected decline of US inventories and as traders awaited a likely rate cut by the US Federal Reserve.
    • Prices fell over the week to touch the lowest rate of the week when a litre of diesel in Bangalore was sold at Rs.68.18 which remained unchanged until the end of the week. The drop in diesel prices comes amid a marginal decline in crude oil prices.
    • Overall, diesel price in Bangalore declined by 0.07% amid a slight decline in crude oil prices after the US said it’ll impose additional tariffs on Chinese imports and falling US inventories indicating a weaker demand for crude in the market.

    August 2019 – Week 2 (8-14):

    • Diesel in Bangalore opened at Rs.68.07 per litre on the second week of August, recording a 11 paise drop from previous day’s closing price.
    • Diesel slumped further by 14 paise on the next day, standing at Rs.67.93 per litre. The dip was primarily due to the ongoing US-China trade tension, fuelled further by Trump administration’s decision to impose more tariffs on Chinese imports.
    • Diesel price in Bangalore dropped slightly in the next few days before stabilising at Rs.67.60 per litre. The overall performance compared to the opening day was -0.92% (decline). Meanwhile, in the international oil market, crude prices dropped due to possible supply cuts amidst looming global economic crisis.

    August 2019 – Week 3 (15-21):

    • Diesel rate in Bangalore opened at Rs.67.60 per litre, unchanged from previous day’s closing price.
    • Diesel slumped to Rs.67.55 per litre on 17 August. It further dropped to Rs.67.34 per litre on 19 August. The decline was primarily due to weak demand of the oil in the local market.
    • Diesel further slumped in the next day and closed the week at Rs.67.27 per litre. The overall performance of diesel in Bangalore was -1.40%, trending downwards. Meanwhile, in the international market, crude gained due to drop in US inventories. However, weak global economic growth could hinder the gains in the coming days.

    August 2019 – Week 3 (15-21):

    • Diesel price in Bangalore opened at Rs.67.27 per litre on 22nd August, unchanged from previous day’s closing price. It was also the lowest recorded price for the month. After staying stable for the next few days, diesel prices shot up, recording Rs.67.52 per litre on 26th August. In the international oil market, crude gained after slump in US inventories.
    • However, diesel slumped, closing the week and the month at Rs.67.42 per litre. In the international market, crude suffered due to concerns about the strength of the US economy.
    • The overall performance of diesel in Bangalore was -1.18%, trending downwards.

    Also Check Diesel Price in Metro Cities

    Trend of Diesel Price in Bangalore for July 2019 (rates per litre)

    Parameters Rates/litre
    1st July Rs.66.43
    21st July Rs.68.41
    Highest Rate in July Rs.68.93 on 7 July
    Lowest Rate in July Rs.66.43 on 1 July
    Overall Performance Incline
    Percentage Change 2.98%

    July 2019 – Week 1 (1-7):

    • Diesel price in Bangalore on 1 July stood at Rs.66.43 - the lowest price recorded during the month marked by the slight decline in crude oil prices in the international oil market owing to supply cuts led by the OPEC and its allies.
    • On 2 July, State-run Oil Marketing Companies (OMCs) hiked diesel prices by 7 paise per litre to be sold at Rs.66.50 a litre, this remained unchanged until 6 July before increasing it by Rs.2.43 per litre primarily due to the hike in excise duty and road and infrastructure cess of Rs.2 per litre.
    • By the end of the week, diesel was priced at Rs.68.93 per litre, the highest for the week influenced by the hike in excise duty and cess on road and infrastructure.

    July 2019 – Week 2 (8-14):

    • Diesel price in Bangalore stood at Rs.68.84 per litre on 8 July, a slight decline in comparison to the previous day’s closing price, which was recorded at Rs.68.93 per litre. The slump was primarily due to the OPEC deciding to extend supply cuts till next year.
    • Diesel further slumped to Rs.68.73 per litre on 9 July, a drop of 20 paise from the previous day’s closing price. After staying stable for a day, prices further slumped to Rs.68.47 per litre. The decline could be attributed to the rising US-China trade tension that can have an adverse effect on the global economy. Investors are slowly shifting their focus to safe-haven products due to a possible economic slowdown.
    • After hitting Rs.68.47 per litre, diesel in Bengaluru remained unchanged for the next couple of days, closing the week (14 July) at Rs.68.47 per litre. The decline was again mainly due to the looming global economic slump.

    July 2019 – Week 3 (15-21):

    • Diesel price in Bangalore stood at Rs.68.47 per litre on 15 July, unchanged from the previous day’s closing price. The oil market remained fairly balanced with OPEC and Russia deciding to extend supply cuts. However, on 15 July, crude prices dropped after China reported its slowest economic growth in the last 27 years.
    • Diesel in Bangalore remained stable on the next few days after lack of demand following China’s report on its slow economic growth. Weak demand of crude oil in the international oil market was reported following the rise in US stockpiles.
    • Diesel closed the week at Rs.68.47 per litre on 21 July amid growing US-China trade tensions. Also, tension between the United States and Iran kept the global oil industry on edge, thereby making rooms for a possible price hike if the situation deteriorates.

    July 2019 – Week 4 (22-28):

    • Diesel opened at Rs.68.47 per litre when the week began – the highest for the week – even as crude oil prices rose in the international market after the International Energy Agency (IEA) said that it would act to keep the market stable amid rising tensions in the Middle East.
    • While prices were kept unchanged until 24 July which was later cut by 6 paise to be sold at Rs.68.41 per litre. This remained unchanged until the end of the week even as crude oil prices declined amid falling US inventories indicating a drop in demand for crude in the market.
    • Diesel prices in Bangalore during the week witnessed a drop amid weak demand along with supply cuts led by the OPEC and its allies. Also, according to the IEA, it’s not likely that crude oil prices might incline considerably in a few days due to weak deand and glut in the market.

    Trend of Diesel Price in Bangalore for June 2019 (rates per litre):

    Parameters Rates /litre
    2nd June Rs.68.37
    30th June Rs.66.33
    Highest Rate in June Rs.68.37 per litre on 2 June
    Lowest Rate in June Rs.65.90 per litre from 20-22 June
    Overall Performance Decline to rise
    Percentage Change -2.98%

    June 2019 – Week 1 (2-8):

    • In the first week of June, diesel opened at Rs.68.37 per litre in Bangalore on 2 June. The price fell by 42 paise on 3 June and stood at Rs.67.95 per litre.
    • The diesel prices in the state continued to dip over the week and reached Rs.67.75 per litre on 4 June and 5 June.
    • It declined further by 33 paise and stood at Rs.67.39 per litre on 6 June. The reason was the fall in price was attributed to the slump in crude oil prices in the global market.
    • By the end of the week, the diesel prices fell further and hit Rs.67.06 per litre. Brent crude prices recorded a drop of 0.4% and were trading at $61.01 per barrel. This was one of the primary reasons of the price drop.

    June 2019 – Week 2 (9-15):

    • At the beginning of the week on 9 June, the price of diesel remained unchanged from the previous day and stood at Rs.67.06 per litre.
    • Diesel prices fell further by 53 paise and hit Rs.66.53 per litre on 10 June. It remained unchanged on 11 June and 12 June.
    • Prices continued to fall consistently throughout the week and stood at Rs.66.47 on 13 June.
    • On June 15, the price of one litre diesel in Bangalore was Rs.66.06.
    • The fall in the price can be attributed to concerns of the trade war between the US and China and production cuts led by the OPEC and its allies.

    June 2019 – Week 3 (16-23):

    • Diesel prices fell at the beginning of the week and stood at Rs.65.96 on 16 June. It remained unchanged from 17 June to 19 June.
    • The prices further dropped and recorded its lowest price on 20 June and stood at Rs.65.90. The fall in the diesel price was on the back of the ongoing US-Iran conflict coupled with a speculated slash in US interest rates.
    • The diesel price continued to stay at Rs.65.90 by the end of the week on 23 June.

    June 2019 – Week 4 (24-30):

    • In the last week of June, there was a marginal increase in the price of diesel. It stood at Rs.66.03 per litre on 24 June.
    • Diesel prices in Bangalore increase gradually in the middle of the week and hit Rs.66.14 on June 28 and June 29.
    • Overall there was a decline of -2.98% in diesel prices for the month of June amidst the drop in global crude prices.

    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 remain the same across the major cities on 11 May 2020

      Oil marketing companies that are run by the state did not make any changes to the prices of diesel across the major cities in India on 12 May 2020. The prices of diesel have remained stagnant even though crude oil prices have reduced.

      The base price of diesel has not been altered since 16 March 2020. Earlier, the prices of diesel in Uttar Pradesh, Karnataka, Haryana, Maharashtra, and West Bengal were increased due to a hike in VAT. The price of diesel in Delhi has remained the same when compared to 11 May 2020 and is at Rs.69.39 for a litre. Diesel prices are the cheapest in Delhi when compared to all other metros and most state capitals due to lower taxes. The prices of diesel in Noida, Hyderabad, Chennai, Bengaluru, Kolkata, and Mumbai remained the same when compared to 11 May 2020. The updated prices of petrol in Noida, Hyderabad, Chennai, Bengaluru, Kolkata, and Mumbai are at Rs.63.97, Rs.67.82, Rs.68.22, Rs.65.96, Rs.65.62, and Rs.66.21 for a litre, respectively. Since around 83% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of diesel in the country. The prices of Brent crude oil futures in the international markets increased by 0.71% and are at $29.84 for a barrel.

      12 May 2020

    • Diesel prices remain stagnant across many cities for 38 days in a row

      Oil marketing companies that are run by the state did not make any changes to the prices of diesel across the major cities in India on 23 April 2020. The prices of diesel have remained the same in many cities for 38 consecutive days.

      In Delhi, the price of diesel has remained the same when compared to 22 April 2020 and is at Rs.62.29 for a litre. When compared to most cities and all the metros, diesel prices are the cheapest in Delhi because of lower taxes. The prices of diesel in the national capital were reduced by Rs.2.01 for a litre in March. On 1 April 2020, diesel prices were increased in Mumbai, Kolkata, and Bengaluru because of a hike in VAT. The prices of diesel in Gurugram, Noida, Hyderabad, Kolkata, Mumbai, and Chennai remained the same as well when compared to 22 April 2020. The updated prices of diesel in Gurugram, Noida, Hyderabad, Kolkata, Mumbai, and Chennai are Rs.62.08, Rs.62.96, Rs.67.82, Rs.65.52, Rs.66.21, and Rs.65.71 for a litre, respectively. Since around 83% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of diesel in the country. Brent crude oil prices in the global markets have reduced by nearly 50% since the coronavirus outbreak.

      23 April 2020

    • Diesel prices remain stagnant for 23 consecutive days across many cities

      Oil marketing companies that are run by the state did not make any changes to the prices of diesel across the major cities in India on 8 April 2020. Diesel prices have remained stagnant for 23 days in a row across many cities.

      In Delhi, the price of diesel has remained the same as on 7 April 2020 and is at Rs.62.29 for a litre. Diesel prices are the cheapest in Delhi when compared to most state capitals and all the metros because of lower taxes. On 1 April 2020, the prices of diesel in Bengaluru, Kolkata, and Mumbai were increased by up to Rs.1.5 because of a hike in VAT by state governments. As per the details available on the official website of Indian Oil Corporation, the prices of diesel in Gurugram, Noida, Hyderabad, Bengaluru, Kolkata, and Chennai have remained the same as well when compared to 7 April 2020. The updated prices of diesel in Gurugram, Noida, Hyderabad, Bengaluru, Kolkata, and Chennai are at Rs.62.08, Rs.62.96, Rs.67.82, Rs.65.96, Rs.65.62, and Rs.65.72 for a litre, respectively. Since around 80% of India’s crude requirements are imported, the crude oil prices in the international markets and the value of the rupee against the dollar determine the prices of diesel in the country. Brent crude oil futures prices in the international markets increased by 2.8% and were trading at $32.59 for a barrel.

      8 April 2020

    • Diesel prices across the major cities in India remain the same for 14 consecutive days

      Oil marketing companies that are run by the state did not make any changes to the prices of diesel across the major cities in India on 30 March 2020. The prices of diesel have not changed for 14 days in a row.

      Even though the prices of Brent crude oil in the global markets have reduced by 5% and are below $25 for a barrel, diesel rates have not been reduced in India. In Delhi, the price of diesel is the same as 29 March 2020 and is at Rs.69.59 for a litre. The prices of diesel are the cheapest in Delhi when compared to most other cities in India as lower taxes are levied. In March, the prices of diesel in the National Capital Region (NCR) have been reduced by Rs.2.01. The prices of diesel in Mumbai, Kolkata, Chennai, Gurugram, Noida, Hyderabad, and Bengaluru remained the same as well when compared to 29 March 2020. The updated prices of diesel in Mumbai, Kolkata, Chennai, Gurugram, Noida, Hyderabad, and Bengaluru are Rs.75.30, Rs.72.29, Rs.72.28, Rs.70.21, Rs.72.03, Rs.73.97, and Rs.71.97 for a litre, respectively. Since more than 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international markets affect the prices of diesel in the country. According to the chairman of Indian Oil Corp, more than enough fuel is available to last beyond the 21-day lockdown.

      30 March 2020

    • Diesel prices remain stagnant on 11 March 2020 after falling for six days

      Oil marketing companies that are run by the state did not make any changes to the prices of diesel across the major cities in India on 11 March 2020. Over the last six days, the prices of diesel have been decreased.

      As per the data available on the official website of Indian Oil Corporation, the prices of diesel in Delhi has remained the same as 10 March 2020 and is at Rs.63.01 for a litre. However, when compared to most state capitals and all the metros, the prices of diesel are the cheapest in Delhi because of low taxes. On 10 March 2020, the prices of diesel were reduced by up to 25 paise across the major cities in India. The prices of diesel in Noida, Gurugram, Chennai, Kolkata, and Mumbai remained the same as well when compared to 10 March 2020. The updated prices of diesel in Noida, Gurugram, Chennai, Kolkata, and Mumbai are Rs.63.58, Rs.62.69, Rs.66.48, Rs.65.34, and Rs.65.97 for a litre, respectively. With the launch of the BS-VI norms, the prices of diesel may increase by Rs.1 from 1 April 2020. Since around 83% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices determine the prices of diesel in the country. Brent crude oil futures prices in the international market increased by 3.9% and were trading at $38.66 for a barrel.

      11 March 2020

    • Diesel prices reduced by 5-6 paise on Friday

      The rates of diesel were slashed by 5-6 paise across the major cities of the country on Friday. State-run Oil Marketing Companies (OMCs) charged Rs.64.60 for a litre of diesel in New Delhi following the price revision. In Mumbai, the commercial capital consumers were required to shell out Rs.67.69 for a litre after the prices slipped by 6 paise for a litre. In the other two metropolitan cities i.e., Kolkata and Chennai, a litre was retailed for Rs.67.92 and Rs.68.21 respectively. In non-metropolitan cities like Noida and Gurugram, consumers were charged Rs.64.93 and Rs.64.04 for a litre. Diesel prices in New Delhi have slipped by Rs.1.62 for every litre over the month till date. It must be noted here that the rates of diesel were the cheapest in the national capital among all metropolitan cities and most state capitals due to lower taxes.

      In the international oil market, the futures of Brent crude and US West Texas Intermediate (WTI) crude were down on Friday. The fall in the prices was accounted to concerns regarding the spread of coronavirus outside China. Brent crude and US WTI crude were trading at $50.83 and $56.36 per barrel after the rates slipped by 1.7 and 1.6 percent respectively since their last close.

      In India, the rates of fuel are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

      28 February 2020

    • Prices of diesel fall by up to 26 paise on 7 February 2020

      Oil marketing companies that are operated by the state decreased the prices of diesel by up 26 paise across the major cities in the country on 7 February 2020. This is the second consecutive day that the prices of diesel have been reduced.

      On 6 February 2020, the price of diesel in the country was reduced by up to 13 paise. In Delhi, the price of diesel was reduced by 24 paise and touched Rs.65.68 for a litre. However, Delhi has the cheapest prices of fuel when compared to most cities and all metros as lower taxes are levied. The price of diesel has been reduced by 54 paise in the national capital so far this month. In Kolkata and Mumbai, the prices of diesel have been reduced by 25 paise to touch Rs.68.04 and Rs.68.84 for a litre, respectively. The price of diesel in Chennai has been reduced by 26 paise to touch Rs.69.37 for a litre. The price of diesel in Gurugram has fallen by 21 paise and is at Rs.65 per litre. In Noida, the price of diesel has been reduced by 24 paise and is selling at Rs.65.94 for a litre. Since around 82% of India’s crude requirements are imported, the crude oil prices in the global markets and the value of the rupee against the dollar affect the prices of diesel. On 6 February, the value of the rupee increased by 7 paise against the dollar and was at Rs.71.18.

      7 February 2020

    • Prices of diesel remain the same for the seventh consecutive day on 16 December 2019

      Oil marketing companies that are managed by the state did not change the prices of diesel on 16 December 2019 across major cities in India for the seventh day in a row.

      According to the official website of Indian Oil Corporation, the price of diesel in Delhi is at Rs.66.04 for a litre. The price of diesel is the cheapest in Delhi when compared to all other metros and most other state capitals as lower taxes are levied. The prices of diesel in Mumbai, Kolkata, Chennai, Noida, and Gurugram remained the same as well when compared to 15 December 2019. The updated prices of diesel in Mumbai, Kolkata, Chennai, Noida, and Gurugram are at Rs.69.27, Rs.68.45, Rs.69.81, Rs.66.35, and Rs.65.35 for a litre, respectively. Since over 80% of India’s crude requirements are imported, the rupee to the dollar exchange rate and the crude oil prices in the international market play a vital role in affecting diesel prices in India. Brent crude futures prices in the international market decreased by 0.4% or 23 cents on 16 December 2019 and were trading at $64.99 for a barrel. Crude oil prices in the global market decreased on 16 December 2019 after the initial trade deal between China and the US was signed. According to several analysts, the signing of the trade deal could improve trade flows and stoke oil demand.

      16 December 2019

    • Diesel prices remain the same on 26 November 2019

      Oil-marketing companies that are run by the state did not make any changes to the prices of diesel on 26 November 2019. The prices of diesel remained unchanged for the second day in a row.

      Over the last three days, the prices of diesel have decreased by 6 paise. The price of diesel in Delhi remained the same as 25 November 2019 and hit Rs.65.73 for a litre. Delhi has the lowest diesel prices when compared to all metros because of lower taxes. The prices of diesel in Gurugram, Noida, Chennai, Kolkata, and Mumbai remained the same as well. The updated prices of diesel in Gurugram, Noida, Chennai, Kolkata, and Mumbai are Rs.65.08, Rs.66.04, Rs.69.47, Rs.68.14, and Rs.68.94 for a litre, respectively. According to India’s daily pricing mechanism, diesel prices are affected by the global crude prices and the rupee to the dollar exchange rate. India imports over 80% of its crude requirements. In the international market, the prices of crude remained stagnant on 26 November 2019 as there were reports that the trade tensions between China and the US would end soon. Brent crude futures in the global market decreased by 1% and was trading at $63.64 for a barrel.

      26 November 2019

    • Prices of diesel continue to decrease on 12 November 2019

      On 12 November 2019, the prices of diesel reduced by 6 paise across the major metro cities in India post the daily revision. According to the official website of the Indian Oil Corporation, the price of diesel in Delhi decreased by 6 paise and hit Rs.65.79 for a litre.

      The price of diesel in Delhi is the cheapest when compared to other metros and major state capitals because of low taxes. On 11 November 2019, state-run oil marketing companies reduced the prices of diesel by 6-7 paise in India. In Mumbai and Kolkata, the prices of diesel fell by 6 paise and hit Rs.69.01 and Rs.68.20 for a litre, respectively. The prices of diesel in Chennai, Noida, and Gurugram reduced by 6 paise as well and hit Rs.69.54, Rs.66.10, and Rs.65.13 for a litre, respectively. As per India’s daily pricing mechanism, prices of diesel are dependent on the rupee to dollar exchange rate and the crude prices in the global market. 80% of India’s crude requirements are imported. The rupee fell by 19 paise against the dollar and hit Rs.71.47 on 11 November 2019. The main reason for the decrease in prices was the uncertainty of the trade deal between China and the US. The prices of US crude also reduced due to the uncertainty of the trade deal.

      12 November 2019

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

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