Diesel Price In Delhi Today

  • Today's Diesel Price in Delhi( 23 Jan 2020 )
    ₹ 67.9
    Current Diesel Price Per Liter
    Compare Diesel Price in Delhi (Today & Yesterday)
    Today
    (23 Jan 2020)
    Yesterday
    (22 Jan 2020)
    Rate Change
    Diesel ( / litre) ₹ 67.9 ₹ 68.1 ₹ -0.2 ↓
    Diesel Price in Delhi - Last 10 Days Data
    Date Diesel ( / litre)
    23 Jan 2020 ₹ 67.9
    22 Jan 2020 ₹ 68.1
    21 Jan 2020 ₹ 68.1
    20 Jan 2020 ₹ 68.32
    19 Jan 2020 ₹ 68.51
    18 Jan 2020 ₹ 68.67
    17 Jan 2020 ₹ 68.83
    16 Jan 2020 ₹ 68.98
    15 Jan 2020 ₹ 69.12
    14 Jan 2020 ₹ 69.12

    Diesel Rate Trend in Delhi

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months
    • Current Diesel Price in Delhi is Rs 68.10 per litre

    Last 7 days Diesel Price in Delhi.

    Date Diesel Price(Rs/Lt) Price Change
    Jan 22nd 2020 68.10 0
    Jan 21st 2020 68.10 -0.22
    Jan 20th 2020 68.32 -0.19
    Jan 19th 2020 68.51 -0.16
    Jan 18th 2020 68.67 -0.16
    Jan 17th 2020 68.83 -0.15
    Jan 16th 2020 68.98 -0.14

    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 January 2020 (Rates per litre):

    Parameters Rates/litre
    Parameters Rates/litre
    1st January Rs.68.00
    14th January Rs.69.12
    Highest Rate in January Rs.69.23
    Lowest Rate in January Rs.68.00
    Overall Performance Incline
    Percentage Change 1.64%

    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.

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

    Parameters Rates/litre
    Parameters Rates/litre
    1st December Rs.65.79
    29th December Rs.67.64
    Highest Rate in December Rs.67.64
    Lowest Rate in December Rs.65.79
    Overall Performance Incline
    Percentage Change 2.81%

    December – Week 1 (1 – 7)

    • Diesel price in Delhi stood at Rs.65.79 per litre on the 1st of December, unchanged from previous day’s closing price.
    • Diesel remained stable for the next few days at Rs.65.79 per litre.
    • Prices increased on the 7th of December, with diesel closing at Rs.65.88 per litre, a 9 paise hike from the previous day’s closing price. Overall performance of diesel in Delhi was 0.13%, trending upwards.

    December– Week 2 (8 – 14)

    • Diesel price in Delhi stood at Rs.65.98 per litre on the 8th of December, 10 paise higher than previous day’s closing price.
    • Diesel prices further increased before stabilising at Rs.66.08 per litre.
    • Diesel closed the week at Rs.66.08 per litre. Overall performance of diesel in Delhi was 0.44%, trending upwards.

    December – Week 3 (15 - 21)

    • Diesel price in the national capital stood at Rs.66.08 per litre as of 15 December. Compared to the previous week’s closing price, the rates didn’t see any change.
    • After staying constant for the next few days, the rates of diesel witnessed a surge. As of 20 December, a litre of diesel was retailed for Rs.66.38 in the city.
    • In Delhi, diesel closed the third week of December at Rs.66.58 per litre. It was the highest recorded price for the fuel in the month so far. Diesel’s overall performance in the national capital was 1.20%, trending upwards.

    December– Week 4 (22 - 29)

    • Diesel price in Delhi stood at Rs.66.78 per litre on 22 December. The rates charged for the fuel in the national capital climbed by 20 paise when compared to the previous week’s closing price.
    • The rates stabilised after increasing to Rs.67.03 per litre on 24 December as Oil Marketing Companies (OMCs) waited for the trade deal to be signed between the United States and China.
    • Diesel prices started to climb from 27 December due to the efforts of OPEC to cut supply and hopes of a breakthrough in the trade tensions between Washington and Beijing. The rates closed the fourth week of December at 67.64 per litre which was the highest recorded price for the month till date. The overall performance of the fuel in the national capital was 2.81%, trending upwards.

    Trend of Diesel Price in Delhi for November 2019 (rates per litre)

    Parameters Rates/litre
    Parameters Rates/litre
    1st November Rs.65.81
    30th November Rs.65.79
    Highest Rate in November Rs.65.92
    Lowest Rate in November Rs.65.74
    Overall Performance Decline
    Percentage Change -0.003%

    November – Week 1 (1 – 7)

    • In Delhi, the price of diesel for the first week of November, opened at Rs.65.81. The rate of the fuel on the previous day was Rs.65.91. There was a dip of 10 paise per litre in the price of diesel.
    • In the international market, the price of Brent oil went down by 26 cents and was being traded at $55.94 per barrel. The market also witnessed a dip in the demand of the fuel due to the Washington-Beijing trade war. The price of crude oil was relaxed in the international market owing to the upcoming European and US economic data.
    • The price of diesel in Delhi closed at Rs.65.76 at the end of the first week of November. So far, this is the lowest rate of diesel which has been recorded for the month of November. The overall performance of the fuel dropped by -0.08%.

    November – Week 2 (8 – 14)

    • Diesel price in Delhi stood at Rs.65.85 per litre on the 8th of November, 9 paise higher than the previous day’s closing price. Diesel further increased on the next day, reaching its peak at Rs.65.92 per litre.
    • However, after the steep rise, diesel prices fell, closing the week at Rs.65.80 per lite.
    • The overall performance of diesel in Delhi was -0.01%, trending downwards. Meanwhile, in the international oil market, fuel prices improved as data showed signs of improvement in US and China economies.

    November – Week 3 (15 – 21):

    • Diesel price in Delhi opened the third week of November at Rs.65.80 per litre. The rates charged in the national capital on the opening day of the week was the same to what was charged the previous day.
    • Over the week, the rates of diesel saw a slight increase in the prices as Oil Marketing Companies (OMCs) decided to keep the prices constant in the capital even though fuel prices in the international oil market increased.
    • The rates closed the week at Rs.65.85 per litre in Delhi after increasing by 5 paise per litre on 19 November. The overall performance of diesel in Delhi was 0.60%, trending upward.

    November – Week 4 (22 – 30):

    • Diesel price in Delhi started the fourth week of November at Rs.65.85 per litre. The rates were kept unchanged from the previous day’s closing price.
    • After staying constant for a day, the prices slipped to Rs.65.74 per litre on 24th November in the national capital even though data showed that fuel prices improved in the international oil market.
    • The rates of diesel increased towards the end of the week and closed the month at Rs.65.79 per litre. Diesel’s overall performance in Delhi was –0.003%, trending downwards.

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

    Parameters Rates/litre
    1st October Rs.67.55
    31st October Rs.65.91
    Highest Rate in October Rs.67.55
    Lowest Rate in October Rs.65.91
    Overall Performance Decline
    Percentage Change -2.42%

    October - Week 1 (1-7):

    • Diesel prices in Delhi opened the first week of October at Rs.67.55 per litre. The rates witnessed a hike of 19 paise from the previous day’s closing price.
    • In the national capital, the rates dropped considerably over the week with crude oil prices cooling down and reversing all gains. Consumers were required to pay Rs.67.21 per litre on October 5.
    • The prices dropped further after staying constant on October 6 and closed the week at Rs.66.97 per litre. This was the lowest recorded price for the month so far. Diesel’s overall performance in Delhi was -0.85%.

    October - Week 2 (8- 14):

    • Diesel prices in Delhi opened the second week of October at Rs.66.87 per litre. The rates of every litre were down by 10 paise when compared to the previous day’s closing price.
    • The rates of diesel slid further after staying constant for the next day. The drop in the prices was accounted fluctuating crude oil prices due to growing concerns about global economic growth and demand of fuel.
    • The rates of diesel closed the week in Delhi at Rs.66.52 per litre. This was the lowest recorded price of diesel in Delhi for the month of October till date. Diesel’s overall performance in the national capital was -1.52%, trending downwards.

    October - Week 3 (15 – 21):

    • Diesel price in Delhi opened third week of October at Rs.66.47 per litre. The rates saw a decline of 5 paise for every litre when compared to the rates charged on the previous day.
    • The prices declined towards end of the week after staying constant for the first few days of the third week. The rates saw a decline of 10 paise on 18 October to cost Rs.66.37 for every litre in the national capital.
    • The rates of diesel closed the week at Rs.66.23 per litre. This was the lowest recorded price for the month of October till date. Diesel’s overall performance in Delhi was -1.95%, trending downwards.

    October - Week 4 (22 – 28):

    • The price of diesel in Delhi opened at Rs.66.17 at the beginning of the fourth week. When compared to the rate of the previous day, there was a dip of 6 paise in the rate of the fuel.
    • The price of the crude oil witnessed a dip in the international market. However, Brent oil was being traded at over $60 per barrel.
    • At the end of the fourth week, the diesel price in Delhi stood at Rs.66.01 in Bengaluru which has been the lowest recorded rate for the fuel in the month of October. There was a dip of -2.28% in the overall performance of diesel in Bengaluru.

    October - Week 5 (29-31):

    • Diesel price in Delhi opened at Rs.65.91 per litre on the 29th of October, dropping 10 paise from the previous day’s closing price. In the international oil market, prices remained stagnant despite Russia promising to pledge a deal with OPEC to keep a check on production and support prices.
    • Diesel rate in Delhi stood at Rs.65.91 on the 31st of October, unchanged from its previous day’s closing price. Meanwhile, in the international oil market, crude prices dipped after an unprecedented rise in US inventories.
    • In the month of October, diesel saw a steady decline in its prices. The overall performance of diesel price in Delhi was -2.42%, trending downwards.

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

    Parameters Rates/litre
    1st September Rs.65.26
    30th September Rs.67.36
    Highest Rate in September Rs.67.36
    Lowest Rate in September Rs.65.12
    Overall Performance Incline
    Percentage Change 3.21%

    September - Week 1 (1-7):

    • Diesel prices in Delhi opened the month of September at Rs.65.26 per litre. The prices were unchanged from previous day’s closing price due to low demand for the oil.
    • The rates remained static for the next three before dropping marginally on 5, 6, and 7 September. Crude oil prices, however, were on an upward curve after the United States confirmed of talks with China to reach a trade pact.
    • The prices of diesel closed the first of September at Rs.65.12 per litre with the overall performance trending downwards at -0.21%.

    September - Week 2 (8-14)

    • Diesel price in Delhi opened at Rs.65.12 per litre in Delhi on the 8th of September—unchanged from the previous day’s closing price. It’s also the lowest recorded price for the month of September. Meanwhile, in the international oil industry, crude futures dropped after participants reduced positions due to a weak trend in global markets.
    • The price of diesel remained unchanged for a day before rising again on the 10th of September, recording Rs.65.17 per litre. The hike in prices was primarily due to a sharp drop in US inventories.
    • Diesel rose sharply in the next few days, closing the week at Rs.65.40 per litre. The overall performance of diesel was 0.21% and going by the current trend, it’s safe to say that diesel’s going to witness a fair hike in the coming days.

    September - Week 3 (15-21)

    • Diesel price in Delhi opened at Rs.65.46 per litre in Delhi on the 15th of September 6 paise higher than the previous day’s closing price.
    • After staying stable for a day, diesel prices rose by 15 paise, recording Rs.65.61 per litre on 17 September. Meanwhile, in the international market prices slid after Saudi Arabia’s energy minister stated the kingdom will restore lost oil production by the end of the month.
    • Price of diesel in Delhi closed the week at Rs.65.56 per litre, its highest recorded price in the month of September. The substantial increase in petrol prices was primarily due to last week’s drone attack on Saudi Arabia’s Aramco oil refinery. The overall performance of petrol was 1.99%, trending upwards.

    September - Week 4 (22-30)

    • Diesel price in Delhi opened the last week of September at Rs.66.77 per litre. Compared to what was charged the previous day, the prices increased by 21 paise per litre.
    • Over the next few days, Oil Marketing Companies (OMCs) continued to hike the prices in the capital due to geopolitical tensions. The cost for a litre of diesel climbed to Rs.67.27 on 27 September before remaining constant for the next two days.
    • In Delhi, diesel price closed the week at Rs.67.36 per litre. The increase in the prices over the week was accounted to drone attack carried out on Aramco oil refinery. The overall performance of diesel for the month in Delhi was 3.21%, trending upwards.

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

    Parameters Rates/litre
    1st August Rs.66.05
    31st August Rs.65.26
    Highest Rate in August Rs.66.05
    Lowest Rate in August Rs.65.12
    Overall Performance Decline
    Percentage Change -1.19%

    August 2019 – Week 1 (1-7):

    • Diesel price in Delhi opened at Rs.66.05 per litre on 1 August, its highest recorded price of the week. State-run oil marketing companies decided not to alter the rates of diesel in spite of weak demand of crude in the international market. Meanwhile, in the international crude oil market, crude prices dropped after the US Federal Reserve squashed the chances of possible rate cuts. However, the petrol witnessed a massive drop in its price.
    • Diesel remained unchanged for the next couple of days, standing at Rs.66.05 per litre. Meanwhile, in the international oil market, crude prices fell amid worries over weaker demand after the Trump administration said it would impose tariffs on more Chinese imports.
    • After staying stable for a couple of days, diesel dropped marginally, closing the week at Rs.65.99 per litre, its lowest recorded price till now in the month of August. The overall decline in diesel price in Delhi recorded in the first week of August is -0.72%. In the international oil market, crude price dropped owing to US-China trade tensions. With Trump announcing to impose more tariffs on Chinese imports, crude prices could drop further in the coming days. However, amidst US-China trade war, state-run oil marketing companies decided not to change the diesel rates, which stayed stable for the entire week of August.

    August 2019 – Week 2 (8-14)

    • Diesel price in Delhi opened at Rs.65.89 per litre on the second week of August, recording a 10 paise drop from previous day’s closing price.
    • Diesel slumped further by 13 paise on the next day, standing at Rs.65.76 per litre. The dip was primarily due to the ongoing US-China trade tension, fuelled further by Trump administration’s decision to impose more tariffs on Chinese imports.
    • Diesel price in Delhi dropped slightly in the next few days before stabilising at Rs.65.44 per litre. The overall performance compared to the opening day was -0.92% (decline). Meanwhile, in the international oil market, crude prices dropped due to possible supply cuts amidst looming global economic crisis.

    August 2019 – Week 3 (15-21):

    • Diesel in Delhi opened at Rs.65.44 per litre on 15 August, same price as previous day’s closing price.
    • Prices dropped by 5 paise per litre on 17 August, recording Rs.65.39 per litre. Diesel dipped further and stood at Rs.65.19 on 19 August. The drop was primarily due to the weak demand of the oil in the local market.
    • Diesel closed the week at Rs.65.12 per litre in Delhi—recording its lowest price in August. The overall performance of the oil was -140%, trending downwards. However, in the international oil industry, crude prices went up following a slump in US inventories.

    August 2019 – Week 4 (22-31):

    • Diesel in Delhi opened at Rs.65.12 per litre on 22nd August, unchanged from previous day’s closing price. After staying stable for the next few days, diesel prices went up, recording Rs.65.36 per litre on 26th August. In the international oil market, crude gained after slump in US inventories.
    • Diesel slumped soon after, closing the month at Rs.65.26 per litre. In the international market, crude suffered due to US-China trade tensions and concerns about the strength of the US economy.
    • The overall performance of diesel in Delhi was -1.19%, trending downwards.

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

    Parameters Rates/litre
    1st July Rs.64.32
    28th July Rs.66.23
    Highest Rate in July Rs.67.73
    Lowest Rate in July Rs.64.32
    Overall Performance Incline
    Percentage Change 2.96%

    July 2019 – Week 1 (1-7):

    • Diesel price in Delhi was at Rs.64.32 per litre on 1 July – the lowest price recorded during the week influenced by the slight drop in crude oil prices in the global market due to the supply cuts led by the OPEC and its allies.
    • State-owned Oil Marketing Companies (OMCs), as per the daily revision in prices, hiked diesel price in Delhi by 6 paise per litre. This remained unchanged until 6 July marked by the slight incline in crude oil prices due to geopolitical tensions in the Middle East.
    • On 7 July, diesel prices were at its highest when a litre was sold at Rs.66.73 per litre primarily due to the increase in excise duty of Re.1 per litre as well as the road and infrastructure cess of Re.1 per litre.

    July 2019 – Week 2 (8-14):

    • The diesel price in Delhi on 8 July stood at Rs.66.64 per litre – the highest price recorded during the week amid a marginal increase in crude oil prices and the hike in excise duty of Rs.2 per litre announced by the Centre in the 2019 Finance Budget.
    • Prices fell during the week attributed by the decline in crude oil prices due to the supply cuts led by the Organisation of Petroleum Exporting Countries (OPEC) and its allies despite tensions in the Middle East and the trade war between the US and China.
    • By the end of the week, diesel was at its weekly low of Rs.66.29 per litre recorded from 12 to 14 July largely due to the fall in crude oil prices in the global market amid concerns about the slowdown of the global economy.

    July 2019 – Week 3 (15-21):

    • Diesel price in Delhi stood at Rs.66.29 per litre on 15 July – this remained unchanged throughout the week as Oil Marketing Companies chose to keep prices unchanged despite rising crude oil prices in the oil market.
    • Crude oil prices in the global market continued to rise after China reported its slowest quarterly economic growth since last three decades highlighting concerns about demand from the world’s largest crude oil importer and rising tensions in the Middle East after US shot down an Iranian drone.
    • Brent Crude futures for September – the global benchmark – fell by 21 cents to $66.51 per barrel after it came under pressure from worries about global economy growth amid signs of a negative impact from the US-China trade tensions.

    July 2019 – Week 3 (15-21):

    • Diesel in Delhi opened at Rs.66.29 per litre on 22 July, same as previous week’s price. The state-run oil marketing companies decided not to increase diesel prices across the country. The reason could be attributed to weak demand and the extension of oil supply cuts.
    • Diesel remained constant for the next few days amid hike in crude prices in the international market owing to Middle East skirmishes and a massive drop in US inventories. However, weak demand continued to be the primary concern throughout.
    • Diesel price in Delhi dropped by a mere 0.06 paise and closed the week at Rs.66.23 per litre. Weak demand coupled with a glut in the international crude industry could be the primary reason for this price drop. With OPEC and Russia agreeing to extend supply cuts till March 2020, it’s being speculated that the oil industry will remain fairly balanced in 2019. On the other hand, petrol also got cheaper in Delhi simultaneously.

    Also Check Diesel Price in Metro Cities

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

    Parameters Rates /litre
    2nd June Rs.66.19 per litre
    30th June Rs.64.32 per litre
    Highest Rate in June Rs.66.19 per litre on 2 June
    Lowest Rate in June Rs.63.81 per litre from 20 – 23 June
    Overall Performance Decline
    Percentage Change -2.82%

    June 2019 – Week 1 (2-8):

    • Diesel opened at Rs.66.19 per litre on 2 June, a slight increase compared to the previous day’s price amid crude oil prices declining in the global oil market.
    • Diesel price in Delhi continued to decline over the week with the week’s lowest price recorded at Rs.64.93 a litre on 8 June.
    • The significant decline in diesel rates came amid a stable crude oil price even as Brent crude futures – the international benchmark – fell by 0.4%, or 22 cents after dropping by 10% in the last four days.

    June 2019 – Week 2 (9-15):

    • There was no change in prices on 9 June compared to the previous day’s price even as a litre of diesel was sold in Delhi at Rs.64.93.
    • State-owned Oil Marketing Companies (OMCs) cut the diesel price by 51 paise per litre on 10 June when a litre of diesel was being sold at Rs.64.42 per litre and remained unchanged until 12 June.
    • Diesel price in Delhi were further reduced on 15 June when a litre was sold at Rs.63.96 in Delhi, down by 24 paise per litre.

    June 2019 – Week 3 (16-23):

    • Diesel price in Delhi was at Rs.63.87 per litre in Delhi and remained unchanged until 19 June, cut by 9 paise per litre.
    • Oil companies kept diesel prices unchanged even as crude oil prices in the global oil market fell on indications that the slowing of the global economic growth due to the trade war between the US and China.
    • Prices further declined to Rs.63.81 per litre on 20 June and remained unchanged until the end of the week. The decrease in crude prices was influenced by tensions in the Middle East after Iran shot down a US military drone as well as on expectations for an interest rate cut by the US Federal Reserve.

    June 2019 – Week 4 (24-30):

    • Diesel price in Delhi was at Rs.63.93 per litre on 24 June and remained unchanged until 26 June before it was increased by 5 paise on 27 June when a litre was sold at Rs.63.98.
    • Diesel prices rose on 28 June when a litre was available at Rs.64.04, up by 6 paise a litre, which remained the same the next day as well.
    • Overall, diesel prices in June 2019 in Delhi declined by 2.82% affected by the drop in crude oil prices as investors awaited the outcome of the G20 summit and the meeting of the OPEC and its allies about an extension in supply cuts.

    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.

    Components Diesel Price Calculation (per litre)
    International Crude Oil Price with Ocean Freight $56.5 or Rs.3,967 per barrel
    One Barrel of Crude Oil 159 litres
    Crude Oil – Cost Rs.24.95
    OMCs Cost for Refinery and Logistics Rs.11.74
    Basic Cost of Fuel after Refining Cost Rs.36.69
    Excise Duty + Road Cess Rs.13.83
    Price Charged to Petrol Pump Owners before VAT Rs.50.89
    Commission to Dealers Rs.2.53
    Cost before VAT Rs.53.42
    VAT (16.75% + 25p as Pollution Cess with Surcharge) Rs.9.24
    Final Retail Price of Diesel as on 3 January 2019 Rs.62.66

    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

    *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 Delhi

    • No changes made to the prices of diesel on 14 January 2020

      Oil marketing companies that are managed by the state did not make any changes to the prices across the major cities in India on 14 January 2020.

      According to the details available on the official website of Indian Oil Corporation, the price of diesel remained the same when compared to 13 January 2020 and hit Rs.69.06 for a litre. The prices of diesel in Delhi is the cheapest when compared to all other metros because lower taxes are levied. The prices of diesel in Mumbai, Kolkata, Chennai, Noida, and Gurugram remained the same as well when compared to 13 January 2020. The updated prices of diesel in Mumbai, Kolkata, Chennai, Noida, and Gurugram are Rs.72.42, Rs.71.43, Rs.72.98, Rs.69.34, and Rs.67.89 for a litre, respectively. Since over 80 of India’s crude requirements are imported, the prices of crude oil in the global market and the value of the rupee against the dollar play a vital role in affecting the prices of diesel. Due to the expectations that the trade deal between China and the US would be signed soon, the value of the rupee increased by 8 paise against the dollar and touched Rs.70.86.

      14 January 2020

    • Diesel prices in the country remain constant on Wednesday

      Diesel prices remained constant across the country on Wednesday as state-owned Oil Marketing Companies (OMCs) decided against increasing or decreasing the rates. The halt in the prices came after a period of seven days where the rates were on an upward curve. It must be noted that on Tuesday OMCs had hiked the price for every litre by 15-16 paise. Following the revision in the prices, a litre of diesel was retailed for Rs.66.99 in Delhi, Rs.70.28 in Mumbai, Rs.69.40 in Kolkata, Rs.70.82 in Chennai, Rs.67.31 in Noida, and Rs.66.16 in Gurugram. The rates of diesel were the cheapest in the national capital among all the mentioned cities due to low taxes. The rates of diesel have seen an increase of Rs.1.21 so far in this month.

      In the international oil market, the prices are expected to shed the gains after the decision of OPEC and its allies to deepen production cuts. As per a Wall Street Journal Poll, the futures of Brent crude oil and US West Texas Intermediate (WTI) oil are likely to trade at an average of $61.23 and $56 per barrel in the January – March quarter given the recent development.

      In India, the rates of fuel are dependent on international oil prices and the value of rupee against the US dollar. This is because the country imports 80% of its total crude requirements and OMCs resorting to revise fuel prices daily as per the dynamic pricing scheme which was adopted by them in June 2017.

      25 December 2019

    • Petrol prices fall by up to 11 paise on 15 December 2019

      The prices of petrol decreased by up to 11 paise on 15 December 2019 across the major cities in India. On 14 December 2019, state-run oil marketing companies decreased the prices of petrol by up to 5 paise.

      According to the official website of Indian Oil Corporation, the price of petrol in Delhi reduced by 10 paise and hit Rs.74.74 for a litre. The prices of petrol in Delhi is cheapest when compared to most state capitals and all metros as lower taxes are levied. The price of petrol in Kolkata reduced by 10 paise and hit Rs.77.40 for a litre. In Mumbai, the price of petrol reduced by 9 paise and hit Rs.80.40 for a litre. The price of petrol in Chennai decreased by 11 paise and touched Rs.77.70 for a litre. In Noida and Gurugram, the prices of petrol decreased by 8 paise and hit Rs.76.09 and Rs.74.29 for a litre, respectively. Crude prices increased by 1.59% on 13 December 2019 and hit $65.22 for a barrel. The value of the rupee also increased by 2 paise against the dollar and touched Rs.70.81. The crude prices forecast for the year 2020 has been raised by Goldman Sachs as well.

      16 December 2019

    • No changes in diesel prices for the third consecutive day

      Oil marketing companies that are run by the state did not change the prices of diesel for the third day in a row across major cities in India on 12 December 2019.

      In Delhi, the prices of petrol remained the same at Rs.66.04 for a litre. It is worth noting that the prices of diesel are the cheapest in Delhi when compared to most other cities in India due to lower taxes. On 11 December 2019, the prices of diesel and petrol were stagnant for the second day in a row. The prices of diesel in Mumbai, Kolkata, Chennai, Noida, and Gurugram were also the same when compared to December 10 and December 11. The updated prices of diesel in Mumbai, Kolkata, Chennai, Noida, and Gurugram are Rs.69.27, Rs.68.45, Rs.69.81, Rs.66.35, and Rs.65.35 for a litre, respectively. As per the daily pricing mechanism, the global crude prices and the rupee to dollar exchange rate play a vital role in affecting the prices of diesel. Over 80% of the country’s crude requirements are imported. The value of the rupee increased by 7 paise against the dollar and touched Rs.70.85. Brent futures prices in the international market increased by 0.3% and hit $63.61 for a barrel.

      12 December 2019

    • Diesel prices slashed across the country

      The rates charged for a litre of diesel in the country were slashed on Saturday. State-owned Oil Marketing Companies (OMCs) cut the prices of diesel by 5 paise across all the metropolitan cities. Following the revision in the prices, a litre of diesel cost Rs.65.79 in Delhi, Rs.69.01 in Mumbai, Rs.68.30 in Kolkata, and Rs.69.54 in Chennai. The latest revision in the prices saw diesel prices decline by 9 paise so far this month in the national capital. It must be noted here that the rates of diesel are the cheapest in Delhi among all the metropolitan cities due to lower taxes. In Noida and Gurugram, both non-metropolitan cities, a litre of diesel was retailed for Rs.66.10 and Rs.65.13 respectively.

      In the international oil market, crude prices declined on Friday due to worries over future demand as uncertainty continued to cover a likely US-China trade deal. The Indian rupee also settled 5 paise lower against the US dollar as crude prices eased and the US currency decline in comparison to other currencies.

      In India, diesel prices are revised by OMCs as per dynamic pricing scheme that was adopted in June 2017. As per the mechanism, the rates are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar. This is also because the country imports 80% of the total crude requirements.

      23 November 2019

    • Prices of diesel increase by up to 10 paise in major cities on 8 November 2019

      Diesel prices increased by up to 10 paise across all major cities on 8 November 2019. Oil marketing companies did not change the prices of diesel for the second consecutive day on 7 November 2019.

      According to the data available on the official website of Indian Oil Corporation, diesel prices increased by 9 paise in Delhi and hit Rs.65.84 for a litre. On 7 November 2019, the price of diesel in Delhi was at Rs.65.75 for a litre. Diesel prices in Delhi are the cheapest when compared to other major cities because of low taxes. In Mumbai, prices of diesel increased by 10 paise and hit Rs.69.06 for a litre. Prices of diesel in Chennai and Kolkata increased by 9 paise and hit Rs.69.59 and Rs.68.25, respectively. Diesel prices in Gurugram and Noida are at Rs.65.18 and Rs.66.15 for a litre, respectively. According to India’s daily pricing mechanism, diesel prices are affected by the rupee-dollar exchange rate and global crude prices. On 7 November 2019, the value of the rupee against the dollar was at Rs.70.97. Brent crude futures globally were trading at $62.13 for a barrel.

      8 November 2019

    • OMCs slash diesel prices on Thursday

      State-owned Oil Marketing Companies (OMCs) on Thursday slashed the prices of every litre by 5 paise across all the metropolitan cities of the country. Following the revision, a litre of diesel cost Rs.66.06 in the national capital. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai consumers were required to shell out Rs.69.24, Rs.68.42, and Rs.69.77 respectively. It needs to be mentioned here that the prices of diesel are the cheapest in Delhi among all metropolitan cities and state capitals. This is because the tax imposed on the fuel is lower than what it is charged in other cities.

      In the international oil market, the rates of crude oil fell on Thursday. The drop in the prices came after two sessions of constant rise. Despite the fall in the prices, Brent crude continued to trade above the 60-dollar mark.

      In India, the rates are revised daily as per the dynamic pricing scheme. As per the mechanism, the rates are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

      24 October 2019

    • Diesel prices cut by 12 paise per litre in New Delhi on Sunday

      On Sunday, state-owned Oil Marketing Companies (OMCs) cut the rates of diesel by 12 paise per litre in the national capital. Diesel prices were also slashed in the other three metropolitan cities. This was the fourth consecutive day when the prices were reduced across the country. Following the revision in the prices, a litre of diesel cost Rs.67.03 in New Delhi. In the financial capital of the country i.e., Mumbai a litre of diesel was sold for Rs.70.27 while in Kolkata and Chennai a litre cost Rs.69.39 and Rs.70.81 respectively.

      In the international oil market, the prices of crude oil fell on Sunday. Over the week, the prices dropped by more than 5%. It was the second consecutive weekly when the prices recorded a decline. The futures of Brent crude and US West Texas Intermediate (WTI) fell by 5.7 and 5.5 percent respectively, it was the biggest drop witnessed since July this year.

      It needs to be mentioned here that the prices of diesel are revised daily in the country as per the dynamic pricing scheme. As per the mechanism, the rates are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

      6 October 2019

    • Diesel prices slashed for second consecutive day on Friday

      On Friday, the rates of diesel were slashed for the second consecutive day. Following the daily revision of the prices on Friday, a litre of diesel cost Rs.67.35 in New Delhi, the national capital. In Mumbai and Chennai, a litre of diesel was retailed for Rs.70.61 and Rs.71.15 respectively. Consumers residing in Bangalore, Hyderabad, and Gurgaon were required to shell out Rs.69.59, Rs.73.44, and Rs.66.43 for a litre. It needs to be mentioned here that the prices of diesel witnessed a hike of over Rs.1.5 per litre since 17 September.

      In the international oil market, the rates of crude oil rose on Friday. The futures of both Brent crude and U.S West Texas Intermediate (WTI) crude were up by 8 cents and 12 cents respectively and were trading at $57.79 and $52.57 per barrel.

      The increase in the prices of petrol across the country was accounted to the drone attacks on Saudi Arabia’s oil facilities. The attacks had knocked out about 5% of the world’s oil supplies.

      4 October 2019

    • Diesel prices slashed for second consecutive day on Friday

      On Friday, the rates of diesel were slashed for the second consecutive day. Following the daily revision of the prices on Friday, a litre of diesel cost Rs.67.35 in New Delhi, the national capital. In Mumbai and Chennai, a litre of diesel was retailed for Rs.70.61 and Rs.71.15 respectively. Consumers residing in Bangalore, Hyderabad, and Gurgaon were required to shell out Rs.69.59, Rs.73.44, and Rs.66.43 for a litre. It needs to be mentioned here that the prices of diesel witnessed a hike of over Rs.1.5 per litre since 17 September.

      In the international oil market, the rates of crude oil rose on Friday. The futures of both Brent crude and U.S West Texas Intermediate (WTI) crude were up by 8 cents and 12 cents respectively and were trading at $57.79 and $52.57 per barrel.

      The increase in the prices of petrol across the country was accounted to the drone attacks on Saudi Arabia’s oil facilities. The attacks had knocked out about 5% of the world’s oil supplies.

      4 October 2019

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

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