Diesel Price In Chennai Today

Diesel Price in Chennai

The Price of diesel in Chennai used to be revised every two weeks or 15 days; however, under the new ‘Dynamic Fuel Pricing’ mechanism, diesel prices in chennai are revised every day. With prices changing every day, it’s important to check the Chennai diesel price as any decline in cost could save you money.

Chennai is the capital city of Tamil Nadu, known for its educational institutes, economic and cultural centres. Chennai is a rapidly growing city and is one of the most populous urban cities in India. Fuel prices in Chennai are revised daily by State-owned Oil Marketing Companies (OMCs), which is aligned with the international crude oil price. This means the diesel price in Chennai will either increase or decrease when the global crude oil price either increases or decreases, also, the exchange rate of rupee-dollar.

Oil companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum fix the diesel price in Chennai proportional with any changes in crude oil rates in the global market.

Trend of Diesel Price in Chennai for November 2022 (Rates per litre):

November – Week 1 & 2 (1 – 14):

• Diesel prices opened the month of November standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of November.
• The first week and second week of November closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the weeks, the fuel prices displayed a stability in its overall performance.

Trend of Diesel Price in Chennai for October 2022 (Rates per litre):

October – Week 1 (1 – 7):

• Diesel prices opened the month of October standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of October.
• The first week of October closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

October – Week 2 (8 – 14):

• Diesel prices opened the month of October standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of October.
• The second week of October closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

October – Week 3 (15 – 21):

• Diesel prices opened the month of October standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of October.
• The third week of October closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

October – Week 4 & 5 (22 – 31):

• Diesel prices opened the month of October standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of October.
• The fourth week and fifth week of October closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the weeks, the fuel prices displayed a stability in its overall performance.

Trend of Diesel Price in Chennai for September 2022 (Rates per litre):

September – Week 1 (1 – 7):

• Diesel prices opened the month of September standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of September.
• The first week of September closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

September – Week 2 (8 – 14):

• Diesel prices opened the month of September standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of September.
• The second week of September closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

September – Week 3 (15 – 21):

• Diesel prices opened the month of September standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of September.
• The third week of September closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

September – Week 4 (22 – 28):

• Diesel prices opened the month of September standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of September.
• The fourth week of September closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

September – Week 5 (29 – 30):

• Diesel prices opened the month of September standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of September.
• The fifth week of September closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

Trend of Diesel Price in Chennai for August 2022 (Rates per litre):

August – Week 1 (1 – 7):

• Diesel prices opened the month of August standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of August.
• The first week of August closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

August – Week 2 (8 – 14):

• Diesel prices opened the month of August standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of August.
• The second week of August closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

August – Week 3 (15 – 21):

• Diesel prices opened the month of August standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of August.
• The third week of August closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

August – Week 4 (22 – 28):

• Diesel prices opened the month of August standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of August.
• The fourth week of August closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

August – Week 5 (29 – 31):

• Diesel prices opened the month of August standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of August.
• The last week of August closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

Trend of Diesel Price in Chennai for July 2022 (Rates per litre):

July – Week 1 (1 – 7):

• Diesel prices opened the month of July standing at the rate of Rs.94.22 per litre. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the month of July.
• The first week of July closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

July – Week 2 (8 – 14):

• Diesel prices opened the month of July standing at the rate of Rs.94.22 per litre. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the month of July.
• The first two weeks of July closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

July – Week 3 (15 – 21):

• Diesel prices opened the month of July standing at the rate of Rs.94.22 per litre. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the month of July.
• The third week of July closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

July – Week 4 (22 – 28):

• Diesel prices opened the month of July standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of July.
• The fourth week of July closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

July – Week 5 (29 – 31):

• Diesel prices opened the month of July standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel, when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the month of July.
• The fifth week of July closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

Trend of Diesel Price in Chennai for June 2022 (Rates per litre):

June – Week 1 (1 – 7):

• Diesel prices opened the month of June standing at the rate of Rs.94.22 per litre. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the first week of the month of June.
• The first week of June closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

June – Week 2 (8 – 14):

• Diesel prices opened the month of June standing at the rate of Rs.94.22 per litre. There were no changes in the price of the fuel when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the first two weeks of the month of June.
• The second week of June closed with the price of the fuel standing at the rate of Rs.94.22 per litre. There was an overall stability in the fuel prices over the week.

June – Week 3 (15 – 21):

• Diesel prices opened the month of June standing at the rate of Rs.94.22 per litre. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the first three weeks of the month of June.
• The third week of June closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

June – Week 4 (22 – 30):

• Diesel prices opened the month of June standing at the rate of Rs.94.22 per litre. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the month of June.
• The last week of June closed with the price of the fuel standing at the rate of Rs.94.22 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

Trend of Diesel Price in Chennai for May 2022 (Rates per litre):

May – Week 1 (1 – 7):

• Diesel price in Chennai opened the month of May standing at the rate of Rs.100.94 per litre.
• The diesel rate in Chennai witnessed an overall decline in its price over the first week of the month of May. The lowest rate of the fuel was recorded from 2 to 7 May wherein a litre of diesel was being traded at the rate of Rs.100.92. The highest price of diesel was recorded on 1 May when it stood at the rate of Rs.100.94 per litre.
• In Chennai, the first week of May closed with the price of the fuel standing at the rate of Rs.100.92 per litre. There was an overall declining trend of -0.02% in the performance of diesel price in Chennai.

May – Week 2 (8 – 14):

• Diesel price in Chennai opened the month of May standing at the rate of Rs.100.94 per litre.
• The diesel rate in Chennai witnessed stability over the second week of the month of May. The lowest rate of the fuel was recorded from 2 to 14 May wherein a litre of diesel was being traded at the rate of Rs.100.92. The highest price of diesel was recorded on 1 May when it stood at the rate of Rs.100.94 per litre.
• In Chennai, the second week of May closed with the price of the fuel standing at the rate of Rs.100.92 per litre. There was an overall declining trend of -0.02% in the performance of diesel price in Chennai.

May – Week 3 (15 – 21):

• Diesel price in Chennai opened the month of May standing at the rate of Rs.100.94 per litre.
• The diesel rate in Chennai witnessed stability over the second and third weeks of the month of May. The lowest rate of the fuel was recorded from 2 to 21 May wherein a litre of diesel was being traded at the rate of Rs.100.92. The highest price of diesel was recorded on 1 May when it stood at the rate of Rs.100.94 per litre.
• In Chennai, the third week of May closed with the price of the fuel standing at the rate of Rs.100.92 per litre. There was an overall declining trend of -0.02% in the performance of diesel price in Chennai.

May – Week 4 & 5 (22 – 31):

• Diesel price in Chennai opened the month of May standing at the rate of Rs.100.94 per litre.
• The diesel rate in Chennai witnessed stability over the second and third weeks of the month of May and witnessed a drop in the fourth week. The lowest rate of the fuel was recorded from 22 to 31 May wherein a litre of diesel was being traded at the rate of Rs.94.22. The highest price of diesel was recorded on 1 May when it stood at the rate of Rs.100.94 per litre.
• In Chennai, the fourth week of May closed with the price of the fuel standing at the rate of Rs.94.22 per litre. There was an overall declining trend of –6.66% in the performance of diesel price in Chennai.

Trend of Diesel Price in Chennai for April 2022 (Rates per litre):

April – Week 1 (1 – 7):

• Diesel price in Chennai opened the month of April standing at the rate of Rs.97.50 per litre.
• The diesel rate in Chennai witnessed an inclining trend over the first week of the month. The highest rate of the fuel was recorded on 6 and 7 April wherein a litre of diesel was being traded at the rate of Rs.94.78. The lowest price of diesel was recorded on 1 April when it stood at the rate of Rs.97.50 per litre.
• In Chennai, the first week of April closed with the price of the fuel standing at the rate of Rs.94.78 per litre. There was an overall inclining trend of 3.51% in the performance of diesel price in Chennai.

April – Week 2 (8 – 14):

• Diesel price in Chennai opened the month of April standing at the rate of Rs.97.50 per litre.
• The diesel rate in Chennai witnessed a stability during the second week after the inclining trend over the first week. The highest rate of the fuel was recorded from 6 to 14 April wherein a litre of diesel was being traded at the rate of Rs.94.78. The lowest price of diesel was recorded on 1 April when it stood at the rate of Rs.97.50 per litre.
• In Chennai, the second week of April closed with the price of the fuel standing at the rate of Rs.94.78 per litre. There was an overall inclining trend of 3.51% in the performance of diesel price in Chennai.

April – Week 3 (15 – 21):

• Diesel price in Chennai opened the month of April standing at the rate of Rs.97.50 per litre.
• The diesel rate in Chennai witnessed a stability over the second and third weeks of the month after the inclining trend over the first week. The highest rate of the fuel was recorded from 6 to 21 April wherein a litre of diesel was being traded at the rate of Rs.94.78. The lowest price of diesel was recorded on 1 April when it stood at the rate of Rs.97.50 per litre.
• In Chennai, the third week of April closed with the price of the fuel standing at the rate of Rs.94.78 per litre. There was an overall inclining trend of 3.51% in the performance of diesel price in Chennai.

April – Week 4 (22 – 30):

• Diesel price in Chennai opened the month of April standing at the rate of Rs.97.50 per litre.
• The diesel rate in Chennai witnessed an overall stability in its price for the majority of the month of April. Although it displayed an inclining trend during the first week, the prices stood steady for the last 3 weeks. The highest rate of the fuel was recorded from 6 to 30 April wherein a litre of diesel was being traded at the rate of Rs.94.78. The lowest price of diesel was recorded on 1 April when it stood at the rate of Rs.97.50 per litre.
• In Chennai, the last week of April closed with the price of the fuel standing at the rate of Rs.94.78 per litre. There was an overall inclining trend of 3.51% in the performance of diesel price in Chennai.

Trend of Diesel Price in Chennai for March 2022 (Rates per litre):

March – Week 1 (1 – 7):

• Diesel prices opened the month of March standing at the rate of Rs.91.42 per litre. There were no changes in the price of the fuel when compared to the closing rates of the previous month.
• The price of the fuel was stable and witnessed no fluctuations during the first week of the month of March.
• The first week of March closed with the price of the fuel standing at the rate of Rs.91.42 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

March – Week 2 (8 – 14):

• Diesel prices opened the month of March standing at the rate of Rs.91.42 per litre. There were no changes in the price of the fuel when compared to the closing rates of the previous week.
• The price of the fuel was stable and witnessed no fluctuations during the first two weeks of the month of March.
• The second week of March closed with the price of the fuel standing at the rate of Rs.91.42 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

March – Week 3 (15 – 21):

• Diesel prices opened the month of March standing at the rate of Rs.91.42 per litre. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
• The price of the fuel was stable and witnessed no fluctuations during the first three weeks of the month of March.
• The third week of March closed with the price of the fuel standing at the rate of Rs.91.42 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

March – Week 4 (22 – 28):

• Diesel price in Chennai opened the month of March standing at the rate of Rs.91.42 per litre. After being stable for weeks, the fuel price witnessed a hike on 22 March.
• The price of the fuel was stable and witnessed no fluctuations during the first three weeks of the month of March in the city of Chennai. At the starting of the fourth week, diesel rate in Chennai started inclining. The highest rate of the fuel was recorded on 28 March wherein a litre of diesel was being traded at the rate of Rs.95.31. The lowest price of diesel was recorded from 1 to 21 March when it stood at the rate of Rs.91.42 per litre.
• Diesel price in Chennai closed the fourth week of March with the price of the fuel standing at the rate of Rs.95.31 per litre. Over the week, the fuel prices displayed an inclining trend of 4.26% in its overall performance in Chennai.

March – Week 5 (29 – 31):

• Diesel price in Chennai opened the month of March standing at the rate of Rs.91.42 per litre. After being stable for weeks, the fuel price witnessed a hike on 22 March.
• The diesel rate in Chennai witnessed an inclining trend from the fourth week of the month. The highest rate of the fuel was recorded on 31 March wherein a litre of diesel was being traded at the rate of Rs.97.50. The lowest price of diesel was recorded from 1 to 21 March when it stood at the rate of Rs.91.42 per litre.
• In Chennai, the month of March closed with the price of the fuel standing at the rate of Rs.97.50 per litre. There was an overall inclining trend of 6.65% in the performance of diesel price in Chennai.

Trend of Diesel Price in Chennai for February 2022 (Rates per litre):

February – Week 1 (1 – 7):

• Diesel prices opened the month of February standing at the rate of Rs.91.42 per litre in Chennai. There were no changes in the price of the fuel when compared to the closing rate of the previous month.
• There were no fluctuations in the price of diesel. The price of the fuel was stable throughout the month of February in Chennai.
• Diesel closed the first week of February standing at the rate of Rs.91.42 per litre. The overall performance of the fuel witnessed a stability during the month in Chennai.

February – Week 2 (8 – 14):

• In the month of February, diesel prices opened standing at the rate of Rs.91.42 per litre. When compared to the previous closing rate, there were no changes in the price of the fuel.
• The price of diesel did not witness any fluctuations during the month and stood stable throughout the month of February.
• The second week of February closed with the price of the fuel standing at the rate of Rs.91.42 per litre. The overall performance of the fuel was stable over the month.

February – Week 3 (15 – 21):

• In the month of February, diesel prices opened standing at the rate of Rs.91.42 per litre. There were no fluctuations in the price of the fuel when compared to the closing rate of the previous week.
• There were no changes in the price of the fuel during the month and the prices witnessed stability throughout the month of February.
• The third week of February closed with the price of the fuel standing at the rate of Rs.91.42 per litre. The overall performance of the fuel was stable over the month.

February – Week 4 (22 – 28):

• In the month of February, diesel prices opened standing at the rate of Rs.91.42 per litre. When compared to the closing rate of the previous week, there were no changes in the price of the fuel.
• During the month, the price of the fuel was stable and witnessed no fluctuations.
• The fourth week of February closed with the price of the fuel standing at the rate of Rs.91.42 per litre. The overall performance of the fuel was stable over the month.

Trend of Diesel Price in Chennai for January 2022 (Rates per litre):

January – Week 1 (1 – 7):

• Diesel prices opened the month of January standing at the rate of Rs.91.42 per litre in Chennai. There were no changes in the price of the fuel when compared to the closing rate of the previous month.
• There were no fluctuations in the price of diesel. The price of the fuel was stable throughout the first week of January in Chennai.
• Diesel closed the first week of January standing at the rate of Rs.91.42 per litre. The overall performance of the fuel witnessed a stability during the month in Chennai.

January – Week 2 (8 – 14):

• Diesel prices opened the month of January standing at the rate of Rs.91.42 per litre in Chennai. There were no changes in the price of the fuel when compared to the closing rate of the previous month.
• There were no fluctuations in the price of diesel. The price of the fuel was stable throughout the first two weeks of January in Chennai.
• Diesel closed the second week of January standing at the rate of Rs.91.42 per litre. The overall performance of the fuel witnessed a stability during the month in Chennai.

January – Week 3 (15 – 21):

• Diesel prices opened the month of January standing at the rate of Rs.91.42 per litre in Chennai. There were no changes in the price of the fuel when compared to the closing rate of the previous month.
• There were no fluctuations in the price of diesel. The price of the fuel was stable throughout the first three weeks of January in Chennai.
• Diesel closed the third week of January standing at the rate of Rs.91.42 per litre. The overall performance of the fuel witnessed a stability during the month in Chennai.

January – Week 4 (22 – 28):

• Diesel prices opened the month of January standing at the rate of Rs.91.42 per litre in Chennai. There were no changes in the price of the fuel when compared to the closing rate of the previous month.
• There were no fluctuations in the price of diesel. The price of the fuel was stable throughout the first four weeks of January in Chennai.
• Diesel closed the fourth week of January standing at the rate of Rs.91.42 per litre. The overall performance of the fuel witnessed a stability during the month in Chennai.

January – Week 5 (29 – 31):

• Diesel prices opened the month of January standing at the rate of Rs.91.42 per litre in Chennai. There were no changes in the price of the fuel when compared to the closing rate of the previous month.
• There were no fluctuations in the price of diesel. The price of the fuel was stable throughout the month of January in Chennai.
• Diesel closed the fifth week of January standing at the rate of Rs.91.42 per litre. The overall performance of the fuel witnessed a stability during the month in Chennai.

Also Check Diesel Price in Metro Cities

Factors Affecting Diesel Prices in Chennai

Diesel rates in Chennai include several components apart from primary factors such as crude oil price and the rupee exchange rate against the U.S. dollar. Oil companies include entry tax, freight charges, refinery charges, oil firm’s margin and logistics before fixing the final selling price of diesel in a city. Dealer commission, excise duty charged by the Union Government and the VAT or local sales tax charged by the respective State are later included to the basic cost of fuel.

While the other charges remain constant most of the time, the primary factors of crude oil price and the exchange rate of rupee-dollar have the highest impact on diesel prices in the country. Let’s understand why crude oil prices fluctuate and how it affects the fuel price in India.

• Supply and Demand: The biggest suppliers of crude oil in the global market has been the Organisation of Petroleum Exporting Countries (OPEC) and its strong allies, thereby influencing the price of crude oil in the market to a large extent. OPEC’s policies are driven by geopolitical developments in the region. Hence, any pressure on any of the OPEC member countries often leads to a shortage in supply of crude oil, which raises the crude oil price in the international market. Likewise, if there’s an increase in demand from other countries, oil prices tend to incline.
• Geopolitical: Any crisis or natural disasters often influence the crude oil price in the market as it could lead to a shortage or an increase in demand for oil. Political upheaval or tensions in the oil-producing or oil-consuming nations, there’s a huge impact on the prices of crude oil.
• Supply of Crude Oil in the Future: The biggest oil-producing and oil-consuming nations stock up huge reserves of crude oil to keep their economy healthy in the event of a price increase of crude oil. They stock up when oil prices are lower and supply it across the economy to keep prices stable.

Diesel Price Calculation in Chennai

Now that we understand the factors influencing the fuel price in the country, here’s how diesel price is calculated before it’s sold in the city. Below is the breakup of the diesel price in Chennai recorded on 3 January 2019.

Diesel Price in Chennai Compared to other Metros

Diesel rates differ from city to city as well as from fuel station to fuel station. This is due to the tax rates, which vary from state to state. In Tamil Nadu, the state government levies 25% as VAT on diesel, while it charges 34% on the sale of petrol in the state. In Mumbai, diesel attracts VAT of 24%, in Kolkata, it’s 17% or Rs.7.70 per litre (whichever is higher), and in Delhi, it’s 16.75% + 25p Pollution Cess with Surcharge.

Diesel Price Vs. Petrol Price in Chennai

While the basic cost of fuel is the same for petrol and diesel, other charges lower the diesel rate. The taxes levied by the Centre as excise duty and the local sales tax or VAT charged by the respective State, are much lower than charged on the sale of petrol, making diesel prices in Chennai cheaper than petrol prices.

Is GST Applicable in Diesel?

India moved to a new taxation system known as the Goods and Service Tax (GST), which was introduced from 1 July 2017. Under this system, all goods and services were under one taxation in the country; however, five petroleum products such as diesel, petrol, crude oil, natural gas and aviation turbine fuel (ATF) were kept out of the ambit of GST.

Diesel and petrol continue to attract the Centre’s excise duty and the respective state’s local sales tax or VAT. The total tax incidence of excise duty and VAT is around 45-50% for petrol and 35-40% for diesel. Under the GST, the highest tax slab is 28%, which is comparatively lower, thereby impact the revenue earned by both the Centre and the State. The Centre could lose up to Rs.20,000 crore as revenue from the sale of fuel in the country, while the states want to keep their revenue to meet any contingency.

Also, GST is an ad valorem charge, which is levied as a percentage on the ex-factory price. This could lead to a sudden leap in retail prices whenever refinery gate rates are hiked due to the rise in the global crude oil prices and the reverse is also a possibility.

Diesel price in Chennai FAQs

1. Is it true that oil companies revise the rates of diesel as per the dynamic pricing scheme?

   Yes, oil companies revise the rates as per the dynamic pricing scheme.

2. On what factors is the price of diesel in Chennai dependent on?

   The price of diesel is dependent on international oil rates and the value of rupee against the US dollar.

3. When did Oil Marketing Companies (OMCs) adopt the dynamic pricing scheme?

   The scheme was adopted by OMCs in the month of June 2017.

4. Which are the state-run oil companies that operate in Chennai?

   Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) are the state-run oil companies which operate in Chennai.

5. How was the overall performance of diesel for the month of September in Chennai?

   The overall performance of diesel in September was a declining one in the metropolitan city.

Also Check Diesel Price in NearBy Cities of Chennai

*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.