Diesel Price In Delhi Today

• Current Diesel Price in Delhi is Rs.81.51 per litre

Last 7 days Diesel Price in Delhi.

Diesel Rate In Delhi:

• 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 February 2021 (Rates per litre):

February – Week 1 (1 – 7)

• Diesel price in Delhi stood at Rs.76.52 per litre on the 1st of February as prices continued to rise.
• Diesel closed the week at Rs.77.17 per litre.
• The overall percentage change was 0.84%.

February – Week 2 (8 - 14)

• Diesel price in Delhi continued to rise like any other city in India, closing the week at Rs.79.20 per litre.
• This was the highest recorded price for the month of February.
• The overall percentage change for diesel was 4.35%.

February – Week 3 (15 - 21)

• Diesel price in Delhi continued to rise like any other city in India, closing the week at Rs.81.01 per litre.
• This was the highest recorded price for the month of February.
• The overall percentage change for diesel was 5.86%.

February – Week?4?(22 - 28)

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

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

January – Week 1 (1 – 7)

• Diesel price in Delhi stood at Rs.73.88 per litre on the 1st of January.
• Diesel prices increased in the next few days, closing the week at Rs.74.38 per litre.
• The overall percentage change was 0.58%.

January – Week 2 (8 - 14)

• Diesel price in Delhi stood at Rs.74.38 per litre on the 8th of January as prices continued to rise.
• Diesel prices increased over the next few days, closing the week at Rs.74.83 per litre.
• The overall percentage change was 1.28%.

January – Week 3 (15 - 21)

• Diesel opened the third week of December at Rs.74.88 per litre in the national capital. The price charged for a litre remained constant when it was compared to the closing price of the previous week.
• Having remained unchanged on 16th January, the price of diesel increased gradually in Delhi and recorded its highest price for the month till date on 19th January with a litre costing Rs.75.42.
• Diesel price in Delhi didn’t see any change over the remainder of the week and closed at the same level. The fuel’s overall performance recorded an inclining trend with the percentage change being 2.08%.

January – Week 4 (22 - 31)

• Diesel price in Delhi stood at Rs.75.67 per litre on the 22nd of January as prices continued to rise.
• Diesel closed the month at Rs.76.52 per litre.
• The overall percentage change was 3.57%.

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

December – Week 1 (1 – 7)

• Diesel price in Delhi stood at Rs.82.34 per litre on the 1st of December.
• Diesel prices continued to go up, closing the week at Rs.83.71 per litre.
• The overall change in percentage was 2.02%.

December – Week 2 (8 - 14)

• Diesel price in Delhi stood at Rs.73.87 per litre on the 8th of December.
• Petrol prices were more or less stable, closing the week at Rs.73.87 per litre.
• The overall percentage change was 2%.

December – Week 3 (15 - 21)

• Diesel price in Delhi stood at Rs.73.87 per litre on the 15th of December.
• Diesel prices were more or less stable, closing the week at Rs.73.87 per litre.
• The overall percentage change was 2%.

December – Week 4(22 - 28)

• Diesel price in Delhi stood at Rs.73.87 per litre on the 22nd of December.
• Diesel prices were more or less stable, closing the week at Rs.73.87 per litre.
• The overall percentage change was 2%.

December – Week 5 (29 - 31)

• Diesel price in Delhi stood at Rs.73.88 per litre on the 29th of December.
• Diesel prices were stable, closing the week at Rs.73.88 per litre.
• The overall percentage change was 2%.

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

November – Week 1 (1 – 7)

• Diesel price in Delhi stood at Rs.70.46 per litre on the 1st of November, unchanged from its previous day’s closing price.
• After staying stable for the next few days, diesel price increased to Rs.70.51 per litre.
• The overall percentage change was 0.07%.

November – Week 2 (8-14)

• Diesel price in Delhi stood at Rs.70.46 per litre on the 8th of November, dropping a bit from its previous day’s closing price.
• Diesel closed the week at Rs.70.51 per litre.
• The overall percentage change of diesel in Delhi was 0.07%.

November – Week 3 (15-22)

• Diesel price in Delhi stood at Rs.71.07 per litre on the 22nd of November, crawling up as state-run oil marketing companies decided to hike oil prices.
• The overall percentage change of diesel in Delhi was 0.86% upwards.
• In the international oil market, prices climbed up in anticipation of an early recovery in demand following news of a third successful COVID vaccine candidate.

November – Week 4 (22-30)

• Diesel price in Delhi stood at Rs.72.46 per litre on the 30th of November, showing a steep hike as state-run oil marketing companies decided to hike oil prices.
• The overall percentage change of diesel in Delhi was 2.78% upwards.
• In the international oil market, oil prices rose due to increased demand catapulted by the possible release of COVID vaccine.

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

October – Week 1 (1 – 7)

• Diesel price in Delhi stood at Rs.70.63 per litre on the 1st of October.
• Diesel dipped to Rs.70.46 per litre and stayed stable for the entire week.
• In the international oil market, prices dropped after US President Donald Trump dismissed the speculations to provide a fourth stimulus package to boost the coronavirus-hit economy.

October – Week 2 (8 - 14)

• Diesel in Delhi stood at Rs.70.46 per litre on the 8th of October.
• Diesel price in Delhi increased a bit before dropping back to Rs.70.46 per litre.
• In the international oil market, oil prices dropped because of the concerns related to spike in coronavirus cases.

October – Week 3 (15 - 21)

• Diesel price in Delhi at the start of the third week of October was Rs.70.51 per litre. When compared to the closing price of the previous week, the price of the fuel was up by 5 paise.
• In the national capital, the price of diesel remained stagnant till 18th October before falling by 5 paise.
• Diesel closed the week at Rs.70.46 per litre with the overall performance witnessing a declining trend.

October – Week 4 (22 - 28)

• Diesel price in Delhi stood at Rs.70.46 per litre at the start of the fourth week of October. When compared to the closing price of the previous week, the price of the fuel saw no change.
• In the national capital, the price of diesel climbed to Rs.70.51 on 24th October before slipping again on 26th October.
• Diesel closed the week at Rs.70.46 per litre with the overall performance witnessing a declining trend. The percentage change recorded in the rates stood -0.24%.

October – Week 5 (29 - 31)

• Diesel price in Delhi stood at Rs.70.46 on the 29th of October, unchanged from previous day’s closing price.
• Diesel closed the month at the same price with no change whatsoever. Overall performance of diesel was -0.24%, going stable.
• Meanwhile, in the international oil market prices fell as coronavirus infections surged in the US and UK prompting renewed lockdowns and reducing demand for the oil.

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

September – Week 1 (1 – 7)

• For the month of September, diesel price in Delhi opened at the rate of Rs.73.62 per litre. When compared to the previous rates, there was no change in the price of the fuel.
• The price of the fuel witnessed a fluctuation during the first week with a gradual declining trend. The lowest recorded price during the first week was on 7 September. On this day, the price of the fuel at which it was being traded was Rs.73.16 per litre.
• On the last day of the week, that is on 7th September, the fuel was being traded at the rate of Rs.73.16 per litre in Delhi. The overall performance of the fuel witnessed a decline of –0.62%.

September – Week 2 (8 to 14)

• For the past couple of months, dieselprice in Delhi was trending at an all time high. However, in the second week of September, prices dropped a bit with diesel recording Rs.72.84 per litre.
• The total drop of diesel price from the beginning of September is more than a rupee.
• The overall performance of diesel in Delhi was -1.05%, trending downward.

September – Week 3 (15 to 21)

• Diesel price in Delhi dropped quite a bit in September, closing the month at Rs.71.49 per litre.
• Earlier, diesel prices had peaked during the COVID-19 period.
• The overall performance of diesel in Delhi was -2.89%, trending downward.

September – Week 4 (22 to 30)

• For the last week of September, diesel rate opened at the rate of Rs.71.34 per litre in Delhi. When compared to the previous rates, there was a dip of 15 paise in the price of the fuel.
• The price of the fuel witnessed a declining trend over the week. The lowest recorded price during the final week was on 29 and 30 September. On this day, the price of the fuel at which it was being traded was Rs.70.63 per litre.
• On the last day of the week, that is on 30th September, the fuel was being traded at the rate of Rs.70.63 per litre in Delhi. The overall performance of the fuel witnessed a decline of –4.06%.

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

August – Week 1 (1 – 7)

• The price of diesel in Delhi at the start of the first week of August was Rs.73.56 per litre. There was no change in the rates when compared to the price charged on the final day of the previous month.
• Diesel rates remained stagnant in the national capital over the opening week of the month.
• The overall performance of diesel in the metropolitan city was stable as there was no change in the rates.

August – Week 2 (8 – 14)

• The price of diesel in Delhi was Rs.73.56 per litre on 8th August. Compared to the closing price of the previous week, the rate charged for a litre saw no change.
• Having stayed constant for a day, diesel price jumped to Rs.73.62 per litre on 10th August. This was the highest recorded price of the fuel for the month of August till date.
• Diesel price in Delhi closed the second week of August at Rs.73.56 per litre. The overall performance of the fuel was stable in the national capital.

August – Week 3 (15 – 21)

• The price of diesel in Delhi was Rs.73.62 per litre at the start of the third week of August. There was an increase of 6 paise in the rates when compared to the closing price of the previous week.
• Having stayed constant for a day, diesel price slipped to Rs.73.56 per litre on 17th August in the national capital.
• There was no change in the rates following that and closed the week at the same price. Diesel’s overall performance in the metropolitan city was stable.

August – Week 4 (22 – 31)

• The month of August opened with diesel price being traded at the rate of Rs.73.56 per litre in Delhi. When compared to the previous rates, there was no change in the price of the fuel.
• The price of the fuel witnessed a gradual rise for the rest of the month. The lowest recorded price of the fuel was Rs.73.56 per litre.
• The 4th week of August ended on 31st August wherein diesel was being traded at the rate of Rs.73.62 per litre. The overall performance of the fuel witnessed an incline of 0.08%.

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

July – Week 1 (1 – 7)

• Diesel price in Delhi opened the first week of July at Rs.76.56 per litre. This was the lowest for the month of July till date. When compared to the closing price of the previous month, the rates didn’t see any change.
• The rates remained unchanged till 6th of July before jumping by 26 paise on the final day of the week and recording its highest for the month. A litre was retailed for Rs.76.56 on the mentioned date.
• The overall performance witnessed an inclining trend in the rates of diesel over the week. The percentage change recorded in the national capital stood at 0.33%.

July – Week 2 (8 - 14)

• In the national capital, diesel opened the second week of July at Rs.80.84 per litre. Compared to the closing price of the previous week, the rates were up by 6 paise.
• The rates fluctuated over the week in Delhi and recorded its highest price for the month on the final day of the week i.e., 14th July. A litre was retailed for Rs.81.11 on the mentioned date.
• Over the week, the rates witnessed an inclining trend with the percentage change being 0.72%.

July – Week 3 (15 – 21)

• Diesel price in Delhi at the start of the third week of July was Rs.81.24 per litre. The price of the fuel in the national capital was up by 13 paise when compared to the closing price of the previous week.
• The price of diesel witnessed an inclining trend over the week in the city. The fuel touched its highest price for the month till date on 20th July when a litre of diesel cost Rs.81.70.
• The fuel closed the week at the same price. The percentage change recorded in the rates in Delhi was 1.45%.

July – Week 4 (22 – 28)

• The price of diesel in Delhi at the start of the fourth week of July was Rs.81.70 per litre. There was no change in the price of the fuel when compared to what was charged on the final day of the previous week.
• While the rates remained unchanged for the next couple of days, petrol price in Delhi climbed to its highest for the month till date on 26th July when a litre cost Rs.82.
• Petrol price didn’t see any change over the next two days and closed the week at the same price. The percentage change recorded in the national capital was 1.82%

July – Week 5 (29 – 31)

• The price of diesel in Delhi was 81.94 per litre at the start of the fifth week of July. Compared to the price charged on the final day of the previous week, the rates were down by 6 paise.
• While diesel rates remained unchanged for the next day, it slipped to Rs.73.56 per litre on the final day of the month. This was the lowest recorded price of the fuel for the month of July.
• The overall performance of diesel witnessed a declining trend in the national capital with the percentage change standing at -8.65%.

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

June – Week 1 (1 – 7)

• In the national capital, diesel was retailed for Rs.69.43 per litre at the start of the month of June. Over the week, the rates witnessed an inclining trend in Delhi.
• Having opened at the same price which was charged on the final day of the previous month, the rates remained unchanged in the city till 6th May.
• On the final day of the week, there was an increase of 40 paise in the rates. The jump in the rates saw diesel close the week at Rs.69.83. This was highest price for the month till date. The percentage rate recorded was 0.57%.

June – Week 2 (8 - 14)

• Diesel price in Delhi opened the second week of June at Rs.70.59 per litre . This was the second consecutive day when the rates climbed in the city after a hiatus of 82 days.
• Over the week, the rates of the fuel climbed every day in the city as state-run Oil Marketing Companies (OMCs) decided against keeping the rates stagnant.
• The fuel closed the week at Rs.74.03 per litre in Delhi. This was the highest price of diesel for the month till date. The overall performance of the fuel witnessed an inclining trend in the rates with the percentage change being 6.68%.

June – Week 3 (15 - 21)

• Diesel opened the third week of June at Rs.74.62 per litre in the national capital. The rates charged for a litre of diesel was up by 59 paise when compared to the price charged on the final day of the previous week.
• In Delhi, the rates were on an upward curve over the week. With the rates being hiked every day by state-run Oil Marketing Companies (OMCs), diesel rates were up by Rs.3.65 since the start of the week.
• The fuel closed the week at Rs.78.27 per litre in Delhi. The closing price of diesel in the national capital was the highest for the month of June till date. Diesel’s overall performance in the city saw an inclining trend with the percentage change standing at 12.79%.

June – Week 4 (22 - 30)

• Diesel opened the fourth and final week of June at Rs.78.85 per litre in the national capital. The rates witnessed an incline of 58 paise when compared to the price charged on the last day of the previous week.
• The rates of the fuel breached the Rs.80-mark in Delhi on 25th June with a litre costing Rs.80.02. The increase in the rates continued in the city and closed the week at Rs.80.53 per litre, the highest recorded price for the month.
• The overall performance of diesel in the metropolitan city witnessed an inclining trend with the percentage change being 16.05%.

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

May – Week 1 (1 – 7)

• Diesel price in Delhi stood at Rs.62.29 per litre on the 1st of May, unchanged from its previous day’s closing price.
• Diesel prices jumped to Rs.69.39 per litre 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 Delhi was 11.39%, trending upwards.

May – Week 2 (8 - 14)

• Diesel price in Delhi stood at Rs.69.39 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.69.39 per litre 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 Delhi was 11.39%

May – Week 3 (15 - 21):

• Diesel price in Delhi stood at Rs.69.39 per litre on the 15th of May, unchanged from its previous day’s closing price.
• Diesel stayed stable for the next few days and closed the week at Rs.69.39 per litre 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 Delhi was 11.39%.

May – Week 4 (22 - 28):

• Diesel opened the final week of May at Rs.69.39 per litre in Delhi. There was no change in the rates of the fuel when compared to the closing price of the previous week.
• Over the week, petrol rates didn’t see any change in the national capital.
• The overall performance of petrol saw an incline in the rates with the percentage change being 11.39%.

May – Week 5 (29 - 31):

• In Delhi, diesel was priced at Rs.69.39 per litre at the start of the final week of May. Compared the closing price of the previous week, there was no change in the rates of the fuel.
• The rates didn’t see any change over the three days and closed the month at the same price.
• The overall performance of diesel in the city saw an inclining trend with the percentage change being 11.39%.

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

April – Week 1 (1 – 7)

• Diesel in Delhi stood at Rs.62.33 per litre on the 1st of April, unchanged from its previous day’s closing price.
• After staying stable for the next few days, diesel slumped to Rs.62.29 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 Delhi was -0.06%, trending downwards.

April – Week 2 (8 - 14)

• Diesel price in Delhi stood at Rs.62.29 per litre on the 8th of April, unchanged from its previous day’s closing price.
• Diesel stayed stable for the next few days, closing the week at Rs.62.29 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 Delhi was -0.06%.

April – Week 3 (15 - 21)

• Diesel price in Delhi stood at Rs.62.29 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.62.29 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 Delhi was -0.06%.

April – Week 4 (22 - 28)

• Diesel price in Delhi stood at Rs.62.29 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.62.29 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 Delhi was -0.06%.

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

March – Week 1 (1 – 7)

• Diesel price in Delhi opened the month of March at Rs.64.34 per litre. This was the highest recorded price for the fuel till the end of the first week of the month. When compared to the previous week’s closing price, the rates charged for a litre fell by 18 paise.
• As coronavirus spread around the world, the rates of international crude slipped in the global market. The drop in the crude oil prices meant the rates of diesel also slipped in the national capital over the first week of March.
• In Delhi, the rates closed the opening week at Rs.63.73 per litre, the lowest recorded price of diesel over the week. Diesel’s overall performance showed a decline of 0.94% in the prices.

March – Week 2 (8 - 16)

• For the second week of March in Delhi, the price of diesel opened at the rate of Rs.63.55 per litre. Compared to the previous week’s closing price, the rates slipped by 18 paise for every litre.
• The international market also witnessed the biggest daily percentage drop in the price of Brent crude oil which also affected the price of diesel. So far, this has been the biggest drop in price since December 2008. The rates kept dropping further due to the outbreak of coronavirus across the world. The virus has been termed to be pandemic. In addition to that, the price war between Russia and Saudi Arabia also added to the whole situation and that dropped the price of diesel further.
• Diesel prices in Delhi came to a close for the week at Rs.62.60 per litre. The closing price was the lowest recorded price for the month till date with the overall performance showing a decline of -2.70% in the prices.

March – Week 3 (15 - 21)

• In Delhi, diesel opened the third week of March at Rs.62.48 per litre. Compared to the closing price of the previous week, the rates were down by 12 paise per litre.
• With Oil Marketing Companies (OMCs) moderating rate cut amid the decline in Brent crude, the global oil price gauge, the rates slipped by 15 paise per litre the next day. There was no change in the rates following that in the national capital over the week.
• Diesel closed the week at Rs.62.33 per litre. This was the lowest recorded price of the fuel for the month till date. The overall performance showed a decline of 3.12% in Delhi.

March – Week 4 (22 - 31)

• Diesel price in Delhi stood at Rs.62.33 per litre on the 22nd of March, unchanged from its previous day’s closing price.
• Diesel closed the week at Rs.62.33 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 Delhi was -3.12%, trending downwards.

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

February – Week 1 (1 – 7)

• Diesel price in Delhi stood at Rs.66.23 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.65.69 per litre.
• The overall performance of diesel in Delhi was -0.81%, trending downwards.

February – Week 2 (8 - 14)

• Diesel price in Delhi stood at Rs.65.44 per litre on the 8th of February, marking a drop compared to 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.64.78 per litre, its lowest recorded price for the month.
• The overall performance of diesel in Delhi was -2.18%, trending downwards.

February – Week 3 (15 - 21)

• In Delhi, diesel prices stood at Rs.64.78 per litre on the 15th of February. There was no change in the prices when compared to the previous week’s closing price.
• The diesel rates slipped to its lowest for the month on 18 February after the prices were slashed by 12 paise for a litre. A litre of diesel was retailed for Rs.64.66 on the mentioned date in the national capital.
• Diesel prices closed the week at the same price with the overall performance showing a decline of 1.07%.

February – Week 4 (22 - 29)

• Diesel price in Delhi stood at Rs.64.66 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.64.52 per litre, its lowest recorded price for the month of February.
• The overall performance of diesel in Delhi was -2.58%, trending downwards.

Trend of Diesel Price in Delhi for January 2020 (Rates per litre):

January – Week 1 (1 – 7)

• The diesel price in Delhi opened at the rate of Rs.68.00 per litre for the first week of January. The same rate was prevalent on the previous day, i.e. the 31st of December.
• The price of Brent crude went up almost 4% and stood at Rs.4,514 per barrel after a top Iranian military commander was killed by the US. This might result in the disrupted supply of oil in the international market as well.
• The price of the fuel came to a close at the rate of Rs.68.84 per litre in Delhi for the first week of January. The overall performance of diesel witnessed an incline of 1.24%.

January – Week 2 (8-14)

• Diesel price in the national capital opened the second week of January at Rs.68.84 per litre. There was no change in the rates of the fuel when compared to the previous week’s closing price.
• The rates of diesel jumped over the next few days due to the turbulence in the global markets as there was a deadlock between the United States and Iran. The rates of petrol hit the highest for the month on 11 January with every litre being retailed Rs.69.23 in the national capital.
• Diesel rate closed the week at Rs.69.12 in Delhi as tensions between both the countries eased. The overall performance of the fuel in the national capital was 1.64% and trending upwards.

January – Week 3 (15-21)

• Diesel prices in Delhi started the third week of January at 69.12 per litre. Compared to the previous week’s closing price, the rates charged for a litre didn’t see any change.
• As international crude oil prices softened after two months of relentless rate hikes, diesel prices in the national capital declined considerably. A litre of petrol was retailed for Rs.68.67 per litre on 18 January.
• In Delhi, diesel prices continued to slip further over the week and closed at Rs.68.10 per litre with the overall performance showing an incline of 0.14%.

January – Week 4 (22-28)

• Diesel price in Delhi stood at Rs.68.10 per litre, unchanged from its previous day’s closing price. Prices fluctuated in the international market owing to coronavirus and its effect on the Chinese economy.
• On India’s Republic Day, diesel stood at Rs.67.04 per litre, thereby marking a substantial drop in its prices.
• Diesel rate closed the week at Rs.66.64 per litre, its lowest recorded price in the month of January. The overall performance of diesel in Delhi was -2%, trending downwards.

January – Week 5 (29-31)

• Diesel price in Delhi stood at Rs.66.64 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.66.34 per litre, its lowest recorded prices for the month of January.
• The overall performance of diesel in Delhi was -2.44%, trending downwards.

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.