Diesel Price In Chhattisgarh Today

Daily Diesel Rates
Date Diesel ( / liter)
17 Dec 2018 ₹ 67.55
16 Dec 2018 ₹ 67.65
15 Dec 2018 ₹ 67.65
14 Dec 2018 ₹ 67.65
13 Dec 2018 ₹ 67.75
12 Dec 2018 ₹ 67.75
11 Dec 2018 ₹ 67.75
10 Dec 2018 ₹ 67.96
09 Dec 2018 ₹ 68.72
08 Dec 2018 ₹ 68.72

Diesel Price in Chhattisgarh

Diesel is an important commodity used worldwide for many purposes. It contributes heavily to the economical development of a developing country like India. All Indian states have an equal amount of demand for diesel. It is worth noticing that India has no adequate resources to produce diesel and petrol indigenously. The country borrows crude oil in a big scale. Because of the increased crude oil costs, diesel prices in all state capitals have gone out of the reach of a commoner. Even diesel buyers from the city of Chhattisgarh have expressed concerns over this issue. When revised on 30 June 2018, diesel price in Raipur, the capital city of Chhattisgarh, stood at Rs.72.75 a litre.

Diesel Price Trend in Chhattisgarh

Here, we understand the diesel price trend in Chhattisgarh during the first six months of 2018. Diesel prices offered at Hindustan Petroleum, Indian Oil and Bharat Petroleum may differ minutely within various cities of the state. On 26 June 2018, diesel prices in Raipur and Bilaspur stood at Rs.72.75 a litre and Rs.72.69 a litre respectively. There is a difference of 6 paise per litre because of brands. In lieu of considering multiple cities, to make a comparative study, diesel rates in Raipur have been taken into account.

In January 2018, in Raipur, fuel rates were increased by 6.65%. In the following month, they were slashed by 3.13%. The highest rate for the first two months was declared at Rs.69.37 a litre on 6 February 2018. Due to a slightly devalued USD, diesel rates were increased by 3.31% in March 2018 and by 2.04% in April 2018. On 24 April 2018, the highest diesel rate was registered at Rs.71.20 a litre. Fuel rates were up 4.75% to Rs.74.75 a litre in May 2018 and were down 2.68% to Rs.72.75 a litre in the month of June 2018. Between January 2018 and June 2018, Indian fuel companies have increased diesel price in Chhattisgarh from Rs.64.53 a litre to Rs.72.75 a litre.

Industry Participants

Each industry has its own participants. In India, the fuel industry is one of the largest industries with several participants. Industry participants are the parties engaged in a particular industry vertical. The parties involved in the Indian fuel sector include Oil Marketing Companies (OMCs), fuel buyers, fuel dealers, etc. OMCs, also called as fuel companies, are the parties liable for producing and marketing fuels such as petrol and diesel. In India, there are three state-run OMCs, which include Bharat Petroleum (BPCL), Hindustan Petroleum (HPCL) and Indian Oil (IOCL). These OMCs function through a wide network of fuel dealers. Like other states, diesel is distributed through a network of fuel dealers in Chhattisgarh as well.

Revision of Diesel Price in Chhattisgarh

You buy many products in your day-to-day life. Marketers will revise the price of the products they deal with. For example, mobile companies keep revising the prices of the mobiles they design and market. Likewise, the price of diesel per litre has to be fixed and revised by OMCs. India has introduced a concept called dynamic fuel pricing in 2017. Dynamic fuel pricing is a mechanism deployed to reset petrol and diesel rates in all parts of the country. According to this mechanism, IOCL, BPCL and HPCL will announce a revised diesel rate on a daily basis. The revised fuel rate will be exhibited at each fuel station in Chhattisgarh.

Can I Trace the Latest Diesel Price in Chhattisgarh?

Tracing the latest fuel price in Chhattisgarh is no more a complicated task. Despite the amount of utilisation, diesel buyers have now been asked to make use of uniquely designed mobile applications in order to obtain both petrol and diesel rates in the cities they are residing in. SmartDrive, a mobile application introduced by BCPL, can be used to trace BPCL diesel rates. IOCL diesel buyers may consider using Fuel@IOC for the same purpose. Similarly, if you download My HPCL, a mobile application customised by HPCL, you shall be able to get today’s diesel rate offered at HPCL fuel stations.

Computation of Diesel Price in Chhattisgarh

Diesel rates in Chhattisgarh are different from other states because of Value-added Tax (VAT), which is a common cost aspect. Usually, to determine the RSP of something, marketers will take into account the overall expenses spent and the profit margin. OMCs will follow the same equation to compute the RSP of diesel, which is actually charged to customers. The RSP, Retail Selling Price, of diesel per litre in the state includes various cost aspects such as VAT, crude oil costs, OMC expenses, excise duty, commission for fuel distributors, pollution cess and excise duty. As on 3 June 2018, the price structure of diesel per litre in Chhattisgarh stood as follows:

  • Crude oil cost per litre – Rs.32.98
  • Entry taxes, landing overheads, administration expenses and RTP – Rs.5.23 a litre
  • Carriage costs, freight overheads and profit margin of OMCs – Rs.2.87 a litre
  • Excise duty per litre – Rs.15.33
  • Commission for fuel dealers – Rs.2.53 a litre
  • Pollution cess – 25 paise per litre
  • VAT on diesel per litre – 25.81%

Domestic and Overseas Factors Impacting Fuel Rates in Chhattisgarh

This is a crucial part of this page. Here, we understand the impact of both domestic and overseas factors on the pricing of diesel. Domestic factors include excise duty, which is collected by the Central Government; and VAT, which is charged by states. Excise duty remains unchanged whereas VAT varies among Indian states. In June 2018, excise duty was Rs.15.33 a litre. VAT was charged at 25.81% by the State Government of Chhattisgarh. It was imposed at 18.28% in Bihar and 17.28% in Delhi. Compared to Chhattisgarh and Bihar, VAT in Delhi is lower. Therefore, diesel rates in Chhattisgarh should exceed diesel rates in Delhi.

Overseas influencers include the exchange rate, production cuts, seasonal fluctuations, demand and supply, crude oil rates, etc. The exchange rate of the Indian currency against the currency of the USA is considered since crude oil is sold by OPEC and other countries. When the INR starts depreciating against the USD, fuel enterprises will decrease fuel rates in the domestic market and vice versa. The extraction and distribution of unrefined oil is likely to be affected by a bad weather. Ultimately, petrol and diesel prices in Chhattisgarh and other Indian states get impacted.

Whether or not GST Impacts Diesel Price in Chhattisgarh

GST, which stands for Goods and Services Tax, is a common term today. It’s a unified, streamlined tax platform introduced by the Indian Government last year. Consumers across the country are taxed under GST. Since diesel does not fall under the GST framework, the pricing of diesel remains unaffected by the current tax system. Why diesel has not been covered? The inclusion of diesel under GST will reduce diesel price in Chhattisgarh. Consumers will be happy to accept this proposal, but neither the Central Government nor states are willing to lose the major revenue source. Recently, Oil Minister said “The Government is willing to lessen diesel and petrol rates through a long-run solution.” As per market observers, on petroleum products, GST may be levied by the government in addition to VAT.

*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 Chhattisgarh

  • Fuel Prices Drop by 15% in 2 Months

    After months of a continuous and sharp rise in the prices of petrol and diesel in the country, the prices started dropping in October. As per reports fuel prices have dropped by around 15% in the past two months. The present per litre rates of petrol and diesel in Delhi are Rs.70.92 and Rs.65.55 respectively. In Mumbai, per litre of petrol is being retailed at Rs.76.50 and for per litre of diesel, it’s Rs.68.59. In Bengaluru, petrol is being sold at Rs.71.46 per litre and diesel at Rs.65.88 per litre. In Chennai, the prices of per litre of petrol and diesel are Rs.73.57 and Rs.69.19 respectively.

    For the eastern city of Kolkata, the current price of per litre of petrol is Rs.72.97 and the corresponding rate of diesel is Rs.67.28. This drop in fuel prices has primarily been due to the drop in the international price of crude oil. However, even after a drop of close to 22% in the rate of crude oil in November, the prices of petrol in India dropped only by 9%.

    10 December 2018

  • Petrol and Diesel Prices Drop Further in Metro Cities

    On Friday, the major metro cities of the country witnessed a further drop in the prices of petrol and diesel. In Delhi, the price of per litre of petrol and diesel were cut down by 15 paise each. So the new prices for per litre of petrol and diesel here is Rs.78.06 and Rs.72.74 respectively.

    In Mumbai and Kolkata, the new prices for petrol are Rs 83.57 (a decrease of 15 paise) and Rs 79.98 ((a decrease of 35 paise) respectively. The corresponding prices for per litre of diesel in the cities are Rs.76.22 (reduced by 16 paise) and Rs 74.60 (reduced by 15 paise) respectively.

    In Chennai, the new price of per litre of petrol, after being reduced by 16 paise is Rs.81.08 and that of diesel, after being increased by 16 paise is Rs.76.89. On 4th October, the government of India had announced a drop in the prices of both petrol and diesel by Rs.2.50 per litre after cutting down their excise duty by Rs.1.50 per litre. The central government had also asked the state governments to cut the same amount at their side.

    13 November 2018

  • Petrol and Diesel Prices Touch Record High Again

    Petrol and diesel prices touched a record high again on Thursday across four major metro cities as State-run Oil companies hiked fuel prices between 20-22 paise per litre. Petrol costs Rs.79.51 per litre in Delhi, while a litre of petrol in Mumbai costs Rs.86.91 and Rs.82.41 in Kolkata and Rs.82.62 in Chennai. Diesel is available at Rs.71.55 per litre in Delhi, Rs.75.96 in Mumbai, Rs.74.40 in Kolkata and Rs.75.61 in Chennai. Petrol and diesel prices have been on the rise since August 2018 in the backdrop of a rising global crude oil price and the exchange rate of the US dollar over rupee. Petrol and diesel prices are the cheapest in Delhi due to lower local sales tax or VAT, while petrol price is the highest in Mumbai and diesel is highest in Telangana due to higher local sales tax. Oil companies revise petrol and diesel prices on a daily basis under the dynamic fuel pricing mechanism.

    11 September 2018

  • Petrol and Diesel Prices Remain Unchanged

    State-owned Oil Marketing Companies (OMCs) kept petrol and diesel prices unchanged in four metro cities on Wednesday, 15 August 2018. As stated by the OMCs, the prices are applicable from 6:00 am IST. Petrol is being sold at Rs.77.14 per litre in Delhi, Rs.84.58 in Mumbai, Rs.80.10 in Kolkata, and Rs.80.14 in Chennai. Petrol rates are cheaper in Delhi as its state tax or Value Added Tax (VAT) is the lowest among metro cities and some state capitals. The VAT charged by the Delhi government is 27%, while in Mumbai its the highest at 39.12% on petrol. Diesel is being sold at Rs.68.72 per litre in Delhi, while it’s priced at Rs.72.96 a litre in Mumbai, Rs.71.56 in Kolkata and Rs.72.59 in Chennai. Diesel attracts VAT of 17.24% in Delhi. Petrol and diesel prices are revised daily under the ‘Dynamic Fuel Pricing’ mechanism. Fuel prices are fixed by OMCs based on the global crude oil price and the currency exchange rate of the US dollar over rupee.

    17 August 2018

  • Diesel Costs Rs.68.50 per litre in Delhi

    Diesel prices in the three metro cities of the country namely Delhi, Mumbai and Chennai were raised by 6 paise on Tuesday. In Kolkata, the prices were hiked by 9 paise. With the increase in the prices, every litre of diesel costs - Rs.68.50 in the national capital, Rs.72.72 in the financial capital, Rs.71.31 in Kolkata and Rs.72.35 in Chennai. The hike in the prices was accounted to global crude oil prices surging nearly 20 percent in the year and crossing the mark of 80 dollars per barrel in May. It needs to be mentioned that the prices of global crude oil have reached its highest since 2014. As of Tuesday, the prices of Spot Brent crude oil and US West Texas Intermediate (WTI) crude dropped slightly as well with both costing 73.74 dollars and 68.93 dollars per barrel. It needs to be mentioned that the drop recorded was 1 cent and 8 cents respectively.

    8 August 2018

  • Check Out Petrol Rates City-wise

    On Monday, 23 July 2018, fuel companies declined the petrol price by 7 paise per litre in Delhi, which is the capital city of India. In Kolkata, Mumbai and Chennai, petrol rates were down by 5 paise per litre, 7 paise per litre and 8 paise per litre. In a meeting held last month, the Organisation of the Petroleum Exporting Countries (OPEC) accepted the proposal of increasing the production of crude oil. It was proposed by oil-importing countries to assure that the supply of crude oil will not be disrupted.

    On Monday, 23 July 2018, crude oil rates decreased due to growing concerns over fuel demand. Brent crude oil rates were dropped by 0.3%. On the other hand, US West Texas Intermediate (WTI) reduced by 0.2% per barrel. As on 23 July 2018, petrol prices were Rs.76.30 a litre in Delhi, Rs.79.15 a litre in Kolkata, Rs.83.75 a litre in Mumbai and Rs.79.25 a litre in Chennai.

    25 July 2018

  • Fuel Prices to trade at the same rate

    No changes have been observed with respect to petrol price. The fuel traded at Rs.81.24 per litre today and even yesterday in Mumbai whereas in Delhi it retailed at Rs.73.38 per litre. In two metro cities, Chennai and Kolkata, petrol prices were Rs.76.12 per litre and Rs.76.07 per litre respectively. Fuel prices were on the rise since the last 45-60 days. The petrol price dropped by 1 paise on Saturday, giving a little relief to consumers. On Monday, Dharmendra Pradhan said “Declining the Value-added Tax (VAT) is the only means to control the relentlessly rising petrol price. All state governments were asked by the Central Government to dampen the VAT on petrol after announcing a cut in central levies in the month of October 2017. But, only a few states adhered to the instruction of the Central Government.”

    6 February 2018

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