Diesel Price In Delhi Today

Diesel Rate In Delhi:

Today Diesel price in Delhi is Rs.89.66 Per Litre.

• Diesel prices in Delhi are currently revised daily under the ‘Dynamic Fuel Pricing’ mechanism. It’s important to check the price of diesel in Delhi as any decline in cost could save some money.
• Delhi continues to be the benchmark or an indicator of any increase or decrease in fuel prices in the country. With a population of more than 18 million, the Union territory is the second most populous city in India. Prices of petrol and diesel are revised daily, aligned to market rates, which means diesel price in Delhi will increase every time global crude oil prices increase and rupee depreciates against the US dollar.
• State-run Oil Marketing Companies (OMCs) such as Indian Oil, Bharat Petroleum and Hindustan Petroleum fix the new diesel price in India daily based on the ‘Dynamic Fuel Pricing’ mechanism. Depending upon the changes in the crude oil price in the global markets, OMCs fix diesel prices in Delhi.

Trend of Diesel Price in Delhi 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.89.66 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.89.66 per litre. Over the weeks, the fuel prices displayed a stability in its overall performance.

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

October – Week 1 (1 – 7)

• Diesel prices opened the month of October standing at the rate of Rs.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 per litre. Over the weeks, the fuel prices displayed a stability in its overall performance.

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

September – Week 1 (1 – 7)

• Diesel prices opened the month of September standing at the rate of Rs.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

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

August – Week 1 (1 – 7)

• Diesel prices opened the month of August standing at the rate of Rs.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

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

July – Week 1 (1 – 7)

• Diesel prices opened the month of July standing at the rate of Rs.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

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

June – Week 1 (1 – 7)

• Diesel prices opened the month of June standing at the rate of Rs.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 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.89.66 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

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

May – Week 1 (1 – 7)

• Diesel price in Delhi opened the month of May standing at the rate of Rs.96.67 per litre.
• The diesel rate in Delhi witnessed an overall incline in its price over the first week of the month of May. The highest rate of the fuel was recorded from 2 to 7 May wherein a litre of diesel was being traded at the rate of Rs.96.71. The lowest price of diesel was recorded on 1 May when it stood at the rate of Rs.96.67 per litre.
• In Delhi, the first week of May closed with the price of the fuel standing at the rate of Rs.96.71 per litre. There was an overall inclining trend of 0.04% in the performance of diesel price in Delhi.

May – Week 2 (8 – 14)

• Diesel price in Delhi opened the month of May standing at the rate of Rs.96.67 per litre.
• The diesel rate in Delhi witnessed stability during the second week of the month of May. The highest rate of the fuel was recorded from 2 to 14 May wherein a litre of diesel was being traded at the rate of Rs.96.71. The lowest price of diesel was recorded on 1 May when it stood at the rate of Rs.96.67 per litre.
• In Delhi, the second week of May closed with the price of the fuel standing at the rate of Rs.96.71 per litre. There was an overall inclining trend of 0.04% in the performance of diesel price in Delhi.

May – Week 3 (15 – 21)

• Diesel price in Delhi opened the month of May standing at the rate of Rs.96.67 per litre.
• The diesel rate in Delhi witnessed stability during the second and third weeks of the month of May. The highest rate of the fuel was recorded from 2 to 21 May wherein a litre of diesel was being traded at the rate of Rs.96.71. The lowest price of diesel was recorded on 1 May when it stood at the rate of Rs.96.67 per litre.
• In Delhi, the third week of May closed with the price of the fuel standing at the rate of Rs.96.71 per litre. There was an overall inclining trend of 0.04% in the performance of diesel price in Delhi.

May – Week 4 & 5 (22 – 31)

• Diesel price in Delhi opened the month of May standing at the rate of Rs.96.67 per litre.
• The diesel rate in Delhi witnessed stability during the second and third weeks of the month of May and witnessed a drop in the fourth week. The highest rate of the fuel was recorded from 2 to 21 May wherein a litre of diesel was being traded at the rate of Rs.96.71. The lowest price of diesel was recorded from 22 to 31 May when it stood at the rate of Rs.89.66 per litre.
• In Delhi, the fourth week of May closed with the price of the fuel standing at the rate of Rs.89.66 per litre. There was an overall declining trend of -7.25% in the performance of diesel price in Delhi.

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

April – Week 1 (1 – 7)

• Diesel price in Delhi opened the month of April standing at the rate of Rs.93.11 per litre.
• The diesel rate in Delhi 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.96.71. The lowest price of diesel was recorded on 1 April when it stood at the rate of Rs.93.11 per litre.
• In Delhi, the first week of April closed with the price of the fuel standing at the rate of Rs.96.71 per litre. There was an overall inclining trend of 3.87% in the performance of diesel price in Delhi.

April – Week 2 (8 – 14)

• Diesel price in Delhi opened the month of April standing at the rate of Rs.93.11 per litre.
• The diesel rate in Delhi 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.96.71. The lowest price of diesel was recorded on 1 April when it stood at the rate of Rs.93.11 per litre.
• In Delhi, the second week of April closed with the price of the fuel standing at the rate of Rs.96.71 per litre. There was an overall inclining trend of 3.87% in the performance of diesel price in Delhi.

April – Week 3 (15 – 21)

• Diesel price in Delhi opened the month of April standing at the rate of Rs.93.11 per litre.
• The diesel rate in Delhi 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.96.71. The lowest price of diesel was recorded on 1 April when it stood at the rate of Rs.93.11 per litre.
• In Delhi, the third week of April closed with the price of the fuel standing at the rate of Rs.96.71 per litre. There was an overall inclining trend of 3.87% in the performance of diesel price in Delhi.

April – Week 4 (22 – 30)

• Diesel price in Delhi opened the month of April standing at the rate of Rs.93.11 per litre.
• The diesel rate in Delhi 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.96.71. The lowest price of diesel was recorded on 1 April when it stood at the rate of Rs.93.11 per litre.
• In Delhi, the last week of April closed with the price of the fuel standing at the rate of Rs.96.71 per litre. There was an overall inclining trend of 3.87% in the performance of diesel price in Delhi.

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

March – Week 1 (1 – 7)

• Diesel prices opened the month of March standing at the rate of Rs.86.71 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.86.71 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.86.71 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.86.71 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.86.71 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.86.71 per litre. Over the week, the fuel prices displayed a stability in its overall performance.

March – Week 4 (22 – 28)

• Diesel price in Delhi opened the month of March standing at the rate of Rs.86.71 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 Delhi. At the starting of the fourth week, diesel rate in Delhi 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.90.81. The lowest price of diesel was recorded from 1 to 21 March when it stood at the rate of Rs.86.71 per litre.
• Diesel price in Delhi closed the fourth week of March with the price of the fuel standing at the rate of Rs.90.81 per litre. Over the week, the fuel prices displayed an inclining trend of 4.73% in its overall performance in Delhi.

March – Week 5 (29 – 31)

• Diesel price in Delhi opened the month of March standing at the rate of Rs.86.71 per litre. After being stable for weeks, the fuel price witnessed a hike on 22 March.
• The diesel rate in Delhi 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.93.11. The lowest price of diesel was recorded from 1 to 21 March when it stood at the rate of Rs.86.71 per litre.
• In Delhi, the month of March closed with the price of the fuel standing at the rate of Rs.93.11 per litre. There was an overall inclining trend of 7.38% in the performance of diesel price in Delhi.

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

February – Week 1 (1 – 7)

• Diesel prices opened the month of February standing at the rate of Rs.86.71 per litre in Delhi. 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 Delhi.
• Diesel closed the first week of February standing at the rate of Rs.86.71 per litre. The overall performance of the fuel witnessed a stability during the month in Delhi.

February – Week 2 (8 – 14)

• In the month of February, diesel prices opened standing at the rate of Rs.86.71 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.86.71 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.86.71 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.86.71 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.86.71 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.86.71 per litre. The overall performance of the fuel was stable over the month.

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

January – Week 1 (1 – 7)

• Diesel prices opened the month of January standing at the rate of Rs.86.71 per litre in Delhi. 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 Delhi.
• Diesel closed the first week of January standing at the rate of Rs.86.71 per litre. The overall performance of the fuel witnessed a stability during the month in Delhi.

January – Week 2 (8 – 14)

• Diesel prices opened the month of January standing at the rate of Rs.86.71 per litre in Delhi. 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 Delhi.
• Diesel closed the second week of January standing at the rate of Rs.86.71 per litre. The overall performance of the fuel witnessed a stability during the month in Delhi.

January – Week 3 (15 – 21)

• Diesel prices opened the month of January standing at the rate of Rs.86.71 per litre in Delhi. 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 Delhi.
• Diesel closed the third week of January standing at the rate of Rs.86.71 per litre. The overall performance of the fuel witnessed a stability during the month in Delhi.

January – Week 4 (22 – 28)

• Diesel prices opened the month of January standing at the rate of Rs.86.71 per litre in Delhi. 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 Delhi.
• Diesel closed the fourth week of January standing at the rate of Rs.86.71 per litre. The overall performance of the fuel witnessed a stability during the month in Delhi.

January – Week 5 (29 – 31)

• Diesel prices opened the month of January standing at the rate of Rs.86.71 per litre in Delhi. 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 Delhi.
• Diesel closed the fifth week of January standing at the rate of Rs.86.71 per litre. The overall performance of the fuel witnessed a stability during the month in Delhi.

Also check : Today's Gold Price in Delhi

Also Check Diesel Price in Metro Cities

Dynamic Fuel Pricing Meaning

Why do petrol prices fluctuate in India? Since fuel prices in India are proportional to the international price of crude oil, rates are revised accordingly by State-owned OMCs. This helps oil companies to offset any losses as well as pass on any benefits to consumers immediately.

Oil firms consider the two week or 15-day average price of crude oil along with the rupee-dollar exchange rate to arrive at the final selling price of diesel or petrol. The new price of petrol or diesel comes into effect from 6:00 am IST, this system was implemented from 16 June 2017 in the country.

The move was aimed to ensure that the benefit of even the smallest change in crude oil prices can be passed on to consumers and dealers. Prior to this method, fuel prices were every fortnight in the country. However, it led to a sudden rise or decline in fuel prices in the country, burdening the common man.

With the ‘Dynamic Fuel Pricing’ mechanism in place, it removes any sudden leap in prices that need to be effected at the end of the fortnight.

Factors Affecting Diesel Prices in Delhi

Like other cities in India, diesel rates in Delhi include several other components apart from the global crude oil price and the rupee-dollar exchange rate. Components such as freight charges, entry tax, refinery processing, oil companies’ margin and logistics are levied before arriving at the basic cost of fuel. Additionally, petrol pump owners’ commission is included as well as excise duty levied by the Centre and the respective State charges local sales tax or Value Added Tax (VAT).

However, the biggest impact on fuel prices is the global crude oil price and the exchange rate of the Indian currency over the US dollar. Crude oil prices fluctuate for various reasons, let’s review them in detail:

• Current Supply and Demand: For several decades, the Organization of Petroleum Exporting Countries (OPEC) has been the biggest supplier of crude oil in the international market, influencing oil prices. Policies of OPEC are affected by geopolitical developments, hence, any pressure on one of the OPECs will lead to a cut in oil supply. This, in turn, increases the crude oil price in the market. Also, any massive increase in supply could lead to a fall in oil prices.
• Geopolitical Tensions: Political events and crisis such as war, political upheaval, natural disasters are factors which influence the oil price. Conflicts in any oil-producing region of the world could potentially reduce the supply of oil.
• Future Supply and Reserves: Among the biggest oil-producing or oil-consuming countries, crude oil is reserved to keep their economies healthy in case oil prices incline. Oil is stocked up when the rate is low and then supplied through the economy to keep prices down.

Diesel Price Calculation in India

Know how the diesel price is calculated before it’s sold in the country. State-run oil companies fix the price based on the below computation of fuel prices. Please note, prices are as of 3 January 2019.

Diesel Price in Delhi Compared to other Metro Cities

Fuel prices in Delhi are the cheapest compared to other major metro cities of the country. This is due to the lower local sales tax or VAT being levied on the sale of fuel in Delhi. In Mumbai, diesel attracts VAT of 24%, while Delhi charges 16.75% + 25p as Pollution Cess with Surcharge.

Diesel Price Vs. Petrol Price in Delhi

While the cost of the basic crude oil price for both petrol and diesel is the same, additional charges make diesel prices lower compared to that of petrol. The excise duty and the local sales tax or VAT is much lower compared to the rates levied on petrol, making the diesel price in Delhi cheaper than petrol prices.

Why Petrol and Diesel is not under GST?

When Goods and Service Tax (GST) was implemented in July 2017, five petroleum products such as petrol, diesel, crude oil, natural gas and aviation turbine fuel (ATF) were exempted from attracting GST. Neither the Centre or states are in favour as there could be huge revenue loss to both their respective exchequer. If petrol and diesel come under GST, the Centre will lose more than Rs.20,000 crore input tax credit it earns through excise duty, while states are keen to keep their revenue pool to meet any contingencies.

Currently, the total tax incidence of excise duty and VAT comes around 45-50% on petrol and 35-40% on diesel. However, under GST, the total tax incidence is 28% which affects the revenue earned by the Centre as well as states. Also, GST being an ad valorem levy, charged as a percentage on the ex-factory rate, would have a huge impact on retail prices whenever refinery gate rates are hiked amid a rise in crude oil prices in the global market and vice versa would also be true.

Also Check Diesel Price in NearBy Cities of Delhi

Diesel price in Delhi FAQs

1. On what factors is the price of diesel in Delhi dependent on?

   The price of diesel is dependent on international oil rates on a 15-day average and the value of rupee against the US dollar.

2. Is the price of diesel revised every day in Delhi?

   Yes, the price of diesel is revised every day in the national capital.

3. On what mechanism is the price of diesel fixed in Delhi?

   The price of diesel is fixed in Delhi as per the dynamic pricing scheme.

4. Is it true that diesel price in Delhi is comparatively low to other metropolitan cities of the country?

   Yes, the price of diesel in Delhi is comparatively low when compared to other metropolitan cities.

5. Why is the price of diesel low in Delhi?

   This is because the VAT imposed on the fuel is low.

*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.