• Diesel Price In Guwahati Today

    Daily Diesel Rates
    Date Diesel ( / liter)
    10 Dec 2018 ₹ 65.21
    09 Dec 2018 ₹ 65.98
    08 Dec 2018 ₹ 65.98
    07 Dec 2018 ₹ 65.98
    06 Dec 2018 ₹ 66.41
    05 Dec 2018 ₹ 66.87
    04 Dec 2018 ₹ 66.87
    03 Dec 2018 ₹ 67.15
    02 Dec 2018 ₹ 67.55
    01 Dec 2018 ₹ 67.91

    Diesel Price in Guwahati

    As of 14 March 2018, the diesel price in Guwahati, the biggest city in Assam, was Rs.65.57 a litre. Compared to the previous day, it was down by 0.02 paisa. The price is inclusive of taxes. Value-added Tax (VAT) is charged at state levels. The central tax is charged at the central level. In Guwahati, the excise duty is charged at Rs.15.33 on diesel per litre and VAT is charged at 23.66%. Taxes are subject to change from time to time. During the first week of February 2018, the Central Government had revised the excise duty to Rs.15.33 a litre on diesel.

    Analysis of Diesel Price in Guwahati

    The diesel rate in Guwahati as on the opening day of January 2018 was Rs.62.26 a litre. On the closing date, it grew to Rs.66.81 a litre. It was up by 6.81% during the month. The fuel transacted with the highest rate of Rs.66.81. The lowest rate was Rs.62.26 a litre. In February 2018, the price of the fuel fell to Rs.64.79 a litre. The highest and lowest prices were Rs.67.02 a litre and Rs.64.79 a litre respectively.

    System Used to Revise Diesel Prices in Guwahati

    Today, oil marketing enterprises in all cities in India are using dynamic fuel pricing in order to determine and update fuel rates. Dynamic fuel pricing is also called the daily revision system. According to this, all oil companies have to offer a new price at 06:00 a.m. to the public. The determination of reconsideration of fuel prices in Guwahati will be conducted in consideration with the value of the Indian currency against the USD, the prime currency.

    Also Know: Petrol Price In Guwahati

    Before introducing the daily revision system in June 2017, Indian Oil, Bharat Petroleum and Hindustan Petroleum were using the fortnightly-based revision. The revision of fuels used to occur on the first and sixteenth of each month. OMCs had to consider the average INR/USD exchange rate and crude oil rates to offer the price. But, the dynamic fuel pricing methodology revises diesel rates on a daily basis.

    Also Check: Diesel Price in Jamshedpur

    Characteristics of Dynamic Fuel Pricing

    • Automated diesel stations in Guwahati can automatically revise fuel rates in Guwahati. On the other hand, non-automated diesel stations will have to do it manually. The new price will be made available to fuel consumers at 06:00 a.m. regularly.
    • Diesel consumers will be aligned to overseas market dynamics. This is the best feature of this newly introduced fuel revision mechanism.
    • With the daily revision system in place, India has joined Japan, Australia, the United States of America and also Russia. This way the fuel retailing sector in India will be connected to the global fuel retailing sector.
    • All oil enterprises, including Hindustan Petroleum Corporation Limited, Bharat Petroleum Corporation Limited and Indian Oil in Guwahati can efficiently monitor cash inflows and outflows. Working capital can be well-managed.
    • Operational expenditures can be reduced to the possible extent. 100% fuel transparency will be ensured to fuel consumers.

    Get Today’s Diesel Price in Guwahati through Mobile Applications

    Oil companies have provided mobile applications to trace today’s diesel rate in Guwahati. Smartphone users may consider this option. The mobile applications offer promising features and benefits. The mobile application designed by Indian Oil is Fuel@IOC, the mobile application offered by BPCL is SmartDrive and the mobile application provided by HPCL is My HPCL. The latest fuel prices may also be obtained via SMS services.

    Why is the Retail Selling Price of Diesel Assessed in Guwahati?

    The retail selling price of diesel in the city of Guwahati is computed by considering the following cost elements:

    • The cost of unrefined oil will be Rs.26.42 a lite as of 3 February 2018. It is computed in consideration with the INR/USD exchange ratio. As of 14 March 2018, the USD/INR exchange ratio was Rs.64.92 and the cost of crude oil a barrel was approximately $65.
    • The import duties, transportation expenses and profit margin of oil companies work to be Rs.2.87 a litre. On the other hand, landing expenses, operational expenditures and entry levies work to be Rs.7.5 a litre.
    • Like mentioned in the first section, on diesel, the central tax is imposed at Rs.15.33 a litre. Before VAT, the price quoted to diesel users will be Rs.52.12 a litre.
    • The commission charged by fuel dealers has recently been increased to Rs.2.51 a litre. On petrol, it is Rs.3.59 a litre.
    • In Guwahati, VAT on diesel is charged at 23.66%. So, 23.66% of Rs.54.63 works to be Rs.12.92.

    Forces Impacting Current Diesel Price in Guwahati

    Diesel prices in Guwahati are influenced by the fluctuations in the currency conversion ratio, costs of unrefined oil and taxes. The exchange ratio will fluctuate on a daily basis. The Indian Central Bank will decide it in sync with import and export policies, inflation rates, bank rates, etc. The current diesel rate in the city will increase if the cost of crude oil increases in overseas markets. It will decrease if the cost of unrefined oil decreases. Similarly, oil companies have to make changes in response to the variations in central and state levies.

    GST and Diesel Price in Guwahati

    GST stands for the Goods and Services Tax. In India, it is a comprehensive and multi-phase tax system that imposes taxes at 5%, 12%, 18% and 28%. The system has replaced various types of indirect levies. At each stage, taxes are levied under the GST system. The consumption of diesel in India is huge. Since the fuel will earn revenues to the government, it has been outside the purview of the GST. The current GST rates will not earn the expected revenues.

    Comparison of VAT in the Indian States

    The following table outlines the VATs imposed in Indian states as of 4 September 2017:

    States VAT on diesel
    Assam 23.66%
    Andhra Pradesh 30.86%
    Bihar 19%
    Karnataka 19%
    Delhi 17.38%
    Gujarat 28.96%
    Goa 19%
    Himachal Pradesh 16%
    Kerala 26.91%
    Madhya Pradesh 30.24%
    Maharashtra 28.41%

    Also Check Diesel Price in NearBy Cities of Guwahati

    Diesel Price in Kolkata Diesel Price in Patna
    Diesel Price in Ranchi

    *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 Guwahati Today

    • Diesel Prices Fall Below Rs.70 per litre in Delhi

      Fuel prices declined on Sunday as petrol priced were reduced by up to 41 paise per litre and diesel by up to 46 paise across four major metro cities of the country. After today’s reduction in prices, petrol in Delhi retails at Rs.74.84 per litre and diesel was being sold at Rs.69.70 a litre as per the data available on the Indian Oil Corporation Ltd. (IOCL) website. In Mumbai, petrol is available at Rs.80.38 per litre, while diesel is being retailed at Rs.72.99 per litre. In Chennai and Kolkata, petrol costs Rs.77.69 per litre and Rs.76.82 a litre, respectively. Prices of petrol and diesel have been on the decline in November so far in the back of a significant drop in crude oil prices in the global market. Oil prices have declined to trade at $59.04 per barrel after it touched a four-year high early October when a barrel was trading at $80. Fuel prices, in November so far, have declined by Rs.5 per litre for petrol and Rs.4.30 per litre for diesel in the country.

      27 November 2018

    • Brent Crude and US Crude Futures to Fall by 1.9% and 2.7% Respectively

      Crude oil prices slashed by 3% on Thursday, 4 October 2018, after increasing steadily over the past few days. On Wednesday, 3 October 2018, Brent crude future, which is the international benchmark, declined by 1.9% to $84.64 per barrel, while the contract breached a 4-year high on Wednesday, 3 October 2018. US crude futures were priced at $76.90 on Wednesday whereas on Thursday, they completed the day’s session down by 2.7% before reaching a $76.90 mark on Wednesday.

      Brent crude, on Wednesday, crossed the highest price recorded in the month of February 2012 and also, WTI surpassed the highest rate recorded in the month of January 2012. It has been reported that the relative strength Index (RSI) of Brent crude and WTI increased to 70 this week. According to market traders, crude oil stocks increased by 1.7 million barrel between 28 September 2018 and 2 October 2018.

      12 October 2018

    • Diesel Prices Hiked by 9 paise

      With Oil Marketing Companies (OMCs) continuing to hike the prices of diesel, the rates keep soaring in the country. The rates were increased by 9 paise on Wednesday which resulted in every litre of diesel costing Rs.73.96 in Delhi and Rs.78.51 in Mumbai. The hike in the prices has been witnessed almost everyday in the last few weeks. This has resulted in the rates touching new heights in various cities and burning a hole in the pockets of the citizens of the country.

      The increase in the prices of diesel has been accounted to factors like the fall of rupee against the US dollar, high excise duty rates imposed by the government and rising international crude oil prices. Given the high prices that individuals are required to pay for every litre of diesel, certain states like Karnataka, West Bengal, Rajasthan, Andhra Pradesh have reduced the VAT that is imposed on diesel. The cutting of VAT has been necessitated because of the central government reluctance to cut the excise duty rates as they expect a revenue loss in the range of Rs.28,000 to Rs.30,000 crore.

      20 September 2018

    • Petrol Rates Hiked Further In Metropolitan Cities

      Due to the fluctuations in the foreign exchange rates and global oil charges, the prominent oil marketing organizations – Bharat Petroleum, Hindustan Petroleum, and Indian Oil have revised their rates again.

      The petrol rates are increased by 10-11 paise per litre in all the four metropolitan cities: Delhi, Mumbai, Kolkata, and Chennai. As per the official website of the Indian Oil Corporation iocl.com, the petrol prices are at Rs. 70.53/litre in Delhi, Rs. 78.42/litre in Mumbai, Rs. 73.27/litre in Kolkata, and s. 73.12/litre in Chennai respectively. These charges are effective from 6 AM as of 9 January 2018.

      9 January 2018

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