Diesel Price In Hyderabad Today

  • Today's Diesel Price in Hyderabad( 27 May 2020 )

    ₹ 67.82
    Current Diesel Price Per Liter

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    Diesel Price in Hyderabad - Last 10 Days Data

    Date Diesel ( / litre)
    26 May 2020 ₹ 67.82
    25 May 2020 ₹ 67.82
    24 May 2020 ₹ 67.82
    23 May 2020 ₹ 67.82
    22 May 2020 ₹ 67.82
    21 May 2020 ₹ 67.82
    20 May 2020 ₹ 67.82
    19 May 2020 ₹ 67.82
    18 May 2020 ₹ 67.82
    17 May 2020 ₹ 67.82

    Diesel Rate Trend in Hyderabad

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    Diesel Price in Hyderabad

    Diesel prices in Hyderabad were revised every 15 days, updating the price on the 1st and 16th of every month. This was based on the average global price in the preceding fortnight and the rupee-dollar exchange rate. However, India moved to a new pricing mechanism known as the ‘Dynamic Fuel Pricing’, which came into effect from 16 June 2017.

    Petrol and diesel prices will be revised daily by considering the 14-day average price of crude oil and the rupee-dollar exchange rate. New fuel prices are effective from 6:00 am IST. State-owned Oil Marketing Companies (OMCs) such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise and fix the final selling price of diesel and petrol.

    Hyderabad is one of the fastest growing cities in India with an increasing number of people migrating to the city. Diesel consumption in Hyderabad has increased in recent years due to an increase in population. Public transport and private vehicles use diesel extensively to travel across the city, making the fuel an essential commodity.

    Also Check Diesel Price in Metro Cities

    Dynamic Fuel Pricing Meaning:

    Why do diesel prices fluctuate in India? Fuel prices are currently revised according to the international crude oil price along with the exchange rate of the rupee over the U.S. dollar. With the daily revision in diesel prices, oil companies can offset any losses as well as pass on any benefits to the consumer.

    The move to revise fuel prices daily in India was aimed at passing on the benefit of even the smallest change to consumers and dealers. As mentioned, prices used to be revised every fortnight, however, this led to a sudden spike or decline in fuel prices, burdening consumers.

    The ‘Dynamic Fuel Pricing’ mechanism helps both oil companies as well as consumers from any sudden leaps in prices that need to be brought into effect at the end of a fortnight.

    Factors Affecting the Diesel Price in Hyderabad:

    While the global crude oil price and the rupee-dollar exchange rate are the biggest component of the diesel price in Hyderabad, there are several other components which form the calculation of the diesel price in Hyderabad as well. Freight charges, entry tax, refinery charges, oil firms’ margin and logistics are charged before the basic cost of diesel is fixed. Apart from these, taxes such as excise duty levied by the Centre and the local sales tax or VAT is charged by the respective state government.

    That said, crude oil prices in the international markets and the rupee-dollar exchange rate are dynamic in nature, impacting the price we pay for a litre of diesel in India. Let’s understand why crude oil prices fluctuate in detail.

    • Supply and Demand for Crude Oil:While the demand for crude oil is usually steady in the international market, the supply fluctuates due to several reasons. The Organisation of Petroleum Exporting Countries (OPEC) is the biggest supplier of crude oil in the market, thereby influencing oil rates. OPEC’s policies are impacted by any geopolitical developments, therefore, any pressure on any one of the OPEC members leads to a shortage in supply of crude oil, rising crude oil prices and vice versa.
    • Geopolitical Tensions:Crude oil prices are often affected by geopolitical tensions such as political events and crisis. War, natural disasters and political upheaval leads to a shortage in supply, leading to an incline in oil prices. Also, conflicts between any oil-producing or oil-consuming countries could potentially decline the supply of oil in the market, which influences crude to trade higher.
    • Future Supply and Reserve:Crude oil is reserved by the biggest oil-producing or oil-consuming countries to keep their economies healthy in the event of an oil price increase. These countries stock up oil when prices are low and then spread across the economy to keep prices steady.

    Quarterly Diesel Price Trend in Hyderabad between January and March 2019

    January February March
    Opening date price Rs.68.28/litre Rs.71.39/litre Rs.72.95/litre
    Closing date price Rs.71.58/litre Rs.72.80/litre Rs.72.06/litre
    Highest price Rs.71.79/litre recorded between 25th, 26th, 27th and 28th Rs.72.80/litre recorded on 28th Rs.73.52/litre recorded on 5th, 6th and 7th
    Lowest price Rs.67.70/litre recorded on 7th, 8th and 9th Rs.71.17/litre recorded on 5th and 6th Rs.72.06/litre recorded on 29th, 30th and 31st
    Trend Upward Upward Downward
    % Change 4.83 1.97% -1.22%

    Quarterly Diesel Price Trend in Hyderabad between October and December 2018

    October November December
    Opening date price Rs.81.75 a litre Rs.80.31 a litre Rs.73.24 a litre
    Closing date price Rs.80.31 a litre Rs.73.77 a litre Rs.68.28 a litre
    Highest price Rs.81.92 a litre recorded on 2 Rs.80.31 a litre recorded on 1 Rs.73.24 a litre recorded on 1
    Lowest price Rs.79.72 a litre recorded on 6 Rs.73.77 a litre recorded on 30 Rs.68.28 a litre recorded on 31
    Trend Declining Declining Declining
    % Change -1.76 -8.14 -6.77

    Diesel Price Trend in Hyderabad between October and December 2018

    • State-run companies offered a price of Rs.81.75 a litre on the opening day of October and Rs.81.92 a litre on the second day under dynamic fuel pricing.
    • As an effort to reduce the burden on commoners, the government declared an excise duty cut of Rs.1.5 and also appealed oil marketing companies to make fuel prices cheaper by one rupee per litre.
    • The changes in the excise duty was effected on 5 October. It means that diesel rates in Hyderabad were slashed to Rs.79.40 a litre on the same day.
    • On 7, 14, 21 and 28 October, fuel rates in Hyderabad were reset to Rs.80.03 a litre, Rs.82.04 a litre, Rs.82.02 a litre and Rs.81.34 a litre respectively.
    • November commenced with a price range of Rs.80.31 a litre. The offer diminished to Rs.80.18 a litre on 2 and the same offer was retained on 3 November as well.
    • There was no change in the pricing of diesel in hyderabad between 6 and 11 of November. By the end of the first fortnight, fuel price stood at Rs.78.63 a litre in Hyderabad.
    • As expected, on 30 November, the lowest fuel rate was booked at Rs.73.77 a litre. The highest fuel price stood at Rs.80.31 a litre in the same month.
    • In November, Bharat Petroleum, Hindustan Petroleum and Indian Oil sold diesel at an average rate of Rs.78.05 a litre.
    • In the same month, diesel prices in Hyderabad were cut by 8.14% prompted by transnational influencers (exchange rate and crude oil prices).
    • On 1 and 2 December, fuel rates were revised to Rs.73.24 a litre and Rs.72.87 a litre. They were revised to Rs.71.71 a litre and Rs.71.26 a litre respectively on 6 and 7 December respectively.
    • As per the daily fuel pricing system, diesel was priced in hyderabad at Rs.71.26 a litre on 9, Rs.70.14 a litre on 14 of December respectively.
    • During the quarter, fuel pricing was significantly influenced by crude oil prices. The impact of the exchange rate was not noticeable.
    • All the three months of the quarter observed a declining trend. This was not the case in the previous quarter.
    • The Centre was criticised by foreign investors for allowing oil companies to reduce fuel prices. As the government deregularised diesel and petrol, OMCs are wholly liable to revise their prices.
    • An important aspect here to notice is that the highest diesel price was observed at the starting of each month and the lowest diesel price at the end of each month.
    • Because of an upward trend, in the earlier quarter, the highest fuel price was observed at the end of each month whereas the lowest fuel rate was observed at the beginning of the month.

    Diesel Price Trend in Hyderabad between July and September 2018

    July August September
    Opening date price Rs.73.24 a litre Rs.73.93 a litre Rs.76.60 a litre
    Closing date price Rs.73.80 a litre Rs.76.42 a litre Rs.81.35 a litre
    Highest price Rs.74.47 a litre Rs.76.42 a litre Rs.81.35 a litre
    Lowest price Rs.73.24 a litre Rs.73.93 a litre Rs.76.60 a litre
    Trend Upward Upward Upward
    % Change +0.76% +3.36% +6.20%

    Diesel Price Trend in Hyderabad in July 2018

    • Instead of revising fuel prices once a fortnight, the oil selling entities will reprice both diesel and petrol every day and announce the revised fuel rates at 06:00 am.
    • As India imports crude oil or unrefined oil from the overseas market, dynamic fuel pricing ponders the selling price of crude oil and the INR-USD exchange rate.
    • For all the 31 days of July 2018, dynamic fuel pricing was used to review diesel rate at all the diesel supply centers in Hyderabad, the common capital of Andhra Pradesh and Telangana.
    • Diesel price in hyderabad neither reduced nor stayed stable in the first half of July. Instead, they kept increasing since the dollar gained versus the currency of India.
    • In the last fifteen days, the fuel rate showed a mixed reaction since the crude oil price and the exchange rate were highly volatile. Even though diesel rates have increased in July, the growth rate was minimal.
    • The lowest price stood at Rs.73.24 a litre. It was also the opening date price for the month. Other prime cities in Andhra Pradesh have also reported the same trend.

    Diesel Rate Trend in Hyderabad in August 2018

    • Diesel price movements were interesting to notice in August 2018 since the pricing strategy of the oil companies was completely different.
    • State-run oil retailing enterprises increased the price of diesel by 13 paise per litre on 2 August and 10 paise a litre on 3 August.
    • This month also, the price of crude oil slid. But, no impact was seen on the pricing of diesel. Under dynamic fuel pricing, fuel price was Rs.74.55 per litre and the commodity continued to retail at the same price until the completion of the second week.
    • In August 2018, the price of diesel was also stable at Rs.75.30 per litre, Rs.75.22 per litre and Rs.74.94 a litre.
    • The opening and closing date prices stood at Rs.73.93 a litre and Rs.76.42 per litre. We can notice a price rise of Rs.3.50 per litre in August 2018.
    • The revision of the central tax and the sales tax has a direct impact on fuel rates. But, these two forms of taxes were not revised.

    Diesel Price Trend in Hyderabad in September 2018

    • Fuel pricing is currently controlled by the OMCs, which can either decrease or increase the fuel price. Sometimes, they can retain the same price.
    • In July and August, the trends were not alike despite a fall in the crude oil rate and the dollar-rupee rate.
    • Even in this month, diesel prices in the city of Hyderabad were on an upward trend until the last day.
    • Fuel consumers and even the political leaders voiced their concerns related to expensive diesel and petrol. The Bharat Bandh was successful in Hyderabad on 10 September.
    • Compared to July and August, the speed at which the rates of diesel went up has been higher in September. This is because of the degree of downfall in the price of petroleum per barrel.
    • While the growth rate in July was 0.76% and 3.36% in August, the growth rate in September was higher than the previous two months.
    • Diesel rate in Hyderabad increased by Rs.8 per litre this quarter. In other prime Indian cities such as Delhi, Kolkata, Chennai, Bangalore and Gujarat, the fuel retailing companies increased the price by Rs.8 per litre.
    • The price offered on the last day of September 2018 was the highest fuel rate for the whole quarter. Likewise, the price offered on the first day of July was the lowest fuel price for the same period.
    • Fuel marketing companies, while revising the price, also take into account the changes in refining costs, OMC costs, the commission charged by dealers, etc.
    • All these domestic influencers were steady in July, August and September.

    Note: In India, the price of Indian crude oil is taken into account for revising the prices of both diesel and petrol.

    Quarterly Diesel Price Trend in Hyderabad Between April and June 2018

    April 2018 May 2018 June 2018
    Opening date price Rs.70.16 a litre Rs.71.63 a litre Rs.75.26 a litre
    Closing date price Rs.71.63 a litre Rs.75.31 a litre Rs.73.24 a litre
    Highest price Rs.71.67 a litre registered on 24th Rs.75.38 a litre registered on 29th Rs.75.26 a litre registered on 1st
    Lowest price Rs.70.16 a litre registered on 1st Rs.71.63 a litre registered on 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th and 11th Rs.73.24 a litre registered on 27th, 28th, 29th and 30th
    Trend Upward Upward Downward
    %Change +2.10% +5.14% -2.68%
    Diesel Price Trend in Hyderabad

    Diesel Price Trend in Hyderabad in April 2018

    • On the 1st of the month, diesel was supplied at Rs.70.16 per litre, this was also the lowest diesel price of the month.
    • Diesel prices remained steady during the first week with an average price of Rs.78 per litre. State-run oil companies continued to revise diesel prices under the ‘Dynamic Fuel Pricing’ mechanism.
    • By mid-April, diesel prices in Hyderabad increased by 27 paise per litre in tandem with the rise in the global crude oil price.
    • The highest diesel price in the month stood at Rs.71.63 per litre registered on the 24th of the month.
    • By the end of the month, diesel prices reflected an upward trend of 2.10% mainly influenced by the slight increase in the crude oil price.

    Diesel Price Trend in Hyderabad in May 2018

    • The diesel price in Hyderabad on 1st stood at Rs.71.63 a litre, kept unchanged from the previous day.
    • Fuel companies kept diesel prices unchanged till the 11th of the month due to the steady rate of crude oil prices in the global market. This price was also the lowest diesel price recorded for the month.
    • Post the 11th, diesel prices were increased as the crude oil rate inclined significantly.
    • With the crude oil rate touching $80 per barrel, diesel prices touched a new high of Rs.71.63 per litre in Hyderabad as well as other cities in the country, which is also registered as the highest diesel price of the month.
    • Diesel prices are influenced by the external factors such as the crude oil and the currency exchange rate, while internal factors include taxes, profit margin and operational cost of oil companies as well as a commission to dealers.
    • The rise in diesel prices during May 2018 was not influenced by internal factors, but that of external factors.
    • The considerable incline in crude oil rate is attributed to geopolitical tensions of a possible trade war between the US and China.
    • By the end of the month, diesel prices grew by 5.14% largely impacted by the significant rise in crude oil rates.

    Diesel Price Trend in Hyderabad in June 2018

    • With the concerns over the potential trade war between the US and China declining, crude oil prices slightly fell and thereby diesel prices were reduced by oil companies.
    • On the 1st of June 2018, diesel was sold at Rs.75.26 per litre in Hyderabad, a reduction of 7 paise per litre compared to the preceding day.
    • The Organisation of Petroleum Exporting Countries (OPEC) and its key ally Russia decided to meet on 22nd to address the concerns of a rising crude oil price.
    • Diesel prices in the second and third week declined marginally and fell by Rs.1.59 per litre by the 20th of the month.
    • The OPEC and Russia agreed to increase the output of crude oil to increase the supply to tackle the rise in fuel prices across the globe.
    • By the end of the month, diesel prices declined to its lowest at Rs.73.24 per litre which was kept unchanged for the last four days of the month.
    • Overall, the diesel price trend in Hyderabad in June 2018 reflected a downward trend of 2.68% largely due to the increase in output and the decline in concerns over a potential US-China trade war.

    Trend in Diesel Price in Hyderabad between January and March 2018

    January February March
    Opening date price Rs.64.92 per litre Rs.69.63 per litre Rs.67.68 per litre
    Closing date price Rs.69.53 per litre Rs.67.50 per litre Rs.69.97 per litre
    Highest price Rs.69.53 per litre registered on 31 Rs.69.75 per litre registered on 6 and 7 Rs.69.97 per litre registered on 31
    Lowest price Rs.64.92 per litre registered on 1 Rs.67.49 per litre on 25 Rs.67.68 per litre registered on 1
    Trend Increasing Decreasing Increasing
    % Deviation 7.10% up 3.05% down 3.38% up

    Trend in Diesel Price in Hyderabad in January 2018

    • The lowest and opening date prices stood at Rs.64.92 a litre at Hindustan Petroleum, Bharat Petroleum and Indian Oil, which later on hiked the fuel rate pondering the movements in the crude oil price and the currency translation ratio.
    • Every day, a revised price offer was made in Hyderabad and it is something unusual to observe. The growth rate in the fuel price was 0.92% in the week 1, 2.38% in the second week, 1.75% in the third week, and 1.62% in the week 4.
    • This steady growth rate ought to be attributed to the constant crude oil’s demand and the major variations in the USD/INR exchange rate.
    • The highest rate was logged at Rs.69.53 a litre on 31 since the fuel uninterruptedly gained the value for 30 days this month.
    • The Government of India retained the same level of excise duty in January 2018. Moreover, the VAT on diesel was also retained unaffected at 28.60% a litre in the city.
    • Transnationally, no production cuts were declared by oil-producing nations due to poor weather conditions or maintenance. Crude oil was distributed at the anticipated level to oil-importing nations, including India.

    Trend in Diesel Rate in Hyderabad in February 2018

    • On 31 January, the crude oil rate (Indian Basket) was $66.40 per barrel that further enlarged to $66.03 per barrel on 8 February. Therefore, the fuel reached its highest price at Rs.69.75 a litre on 7 February.
    • Fascinatingly, the diesel rate stirred downwards continually until the end of the month in sync with the falling crude oil rates and a gaining USD.
    • Within the first 15 days, a 4.17% drop in the crude oil cost led the diesel rate to diminish to Rs.68.77 a litre. The move was slightly affected by the disparities in the exchange rate as well.
    • Even though the BJP-led Government declared the Union Budget on 1 for the FY 2018-2019, the opening date price of Rs.69.93 a litre was announced under dynamic fuel pricing, a fuel price revision system adopted in India on 16 June 2017.
    • As the cost of crude oil (Indian Basket) dropped to $63.27 per barrel from $65.04 per barrel in the week 4, the month ended with the lowest price of Rs.64.29 a litre.
    • No domestic forces should be accounted for a price drop of 3.05% this month. The central tax on diesel remained unchanged at Rs.15.33 per litre and also the VAT at 28.60% in Hyderabad.

    Trend in Diesel Rate in Hyderabad in March 2018

    • The USD/INR conversion rate as of 1 March was Rs.65.24 and was down 0.53% to Rs. 64.89 as of 7 March. Thus, within the first week, the fuel rate jumped to Rs.68.45 per litre.
    • Between 8 and 18, the diesel rates have steadily fallen in sync with the Indian Basket average price of crude oil, which decreased to $62.04 per barrel on 14.
    • On 21, it rebounded to $65.08 per barrel. As a result, the fuel companies once again commenced mounting the offer, which reached to Rs.68.37 a litre on 22.
    • Since the crude oil price soared to $66.03 per barrel towards the end of the month, the month closed with the highest price offer of Rs.69.97 a litre on 31.
    • The growth rate in March slid to 3.38% from 7.10%, which was logged in January, primarily due to the decreased cost price of WTI Crude Oil and Brent Crude Oil.
    • The effect of the INR/USD exchange ratio was minimal throughout the quarter but not negligible. A fuel price rise in January and March or a fuel price downfall in February was not triggered by the domestic factors, which were constant.

    Diesel Price Calculation in Hyderabad

    Here’s how the diesel price is calculated in Hyderabad by State-run oil companies. 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 (27%) Rs.14.43
    Final Retail Price of Diesel as on 3 January 2019 Rs.67.84

    Diesel Price in Hyderabad Compared to other Metro Cities:

    The VAT on diesel is comparatively higher than other major metro cities of the country. While diesel attracts 27% VAT on the sale of diesel in Hyderabad, other major metro cities such as Delhi levies 16.75%, Mumbai charges 24%, Chennai levies 25% and in Bangalore, it’s 21%.

    Diesel Price Vs. Petrol Price in Hyderabad

    The basic cost of crude oil is the same for both petrol and diesel, however, taxes on diesel are much lower than petrol. In Hyderabad, petrol attracts VAT of 35.20%, while diesel attracts 27%, making the later cheaper.

    Why Diesel is not under GST?

    India moved to a new taxation regime known as the Goods and Service Tax (GST) from 16 July 2017 for all transactions of goods and services. However, five petroleum products such as crude oil, petrol and diesel, natural gas and aviation turbine fuel (ATF) were kept out of the ambit of GST. Both the Centre and states were not in favour of GST being implemented on the sale of petrol and diesel. This is because, the Centre would lose more than Rs.20,000 crore as input tax credit through excise duty, while states want to keep their revenue pool intact to meet any contingencies.

    The total tax incidence of excise duty and VAT is around 45-50% on petrol and 35-40% on diesel but the total tax incidence under the GST is 28%, affecting the revenue generated by the Centre as well as the respective State. Additionally, GST is charged as a percentage on the ex-factory price which could have a massive impact on retail prices whenever refinery gate prices are increased on the back of a rise in crude oil prices in the international market and vice versa as well.

    That said, if diesel is brought under the ambit of GST, the retail price of diesel will reduce drastically and consumers will be the biggest beneficiary.

    Also Check Diesel Price in NearBy Cities of Hyderabad

    *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 Hyderabad

    • Diesel prices remain stable across the major cities on 17 May 2020

      Oil marketing companies that are operated by the state made no changes to the prices of diesel across the major cities in India on 17 May 2020. The prices have remained the same even though crude oil prices have fallen drastically.

      In Delhi, the price of diesel remained the same when compared to 16 May 2020 and was at Rs.69.39 for a litre. The base price of diesel has remained the same in India since 16 March 2020. Earlier, the prices of diesel in Karnataka, West Bengal, Maharashtra, and Assam were increased due to a hike in VAT. The prices of diesel in Mumbai, Chennai, and Hyderabad remained the same as well when compared to 16 May 2002. The updated prices of Mumbai, Chennai, and Hyderabad were at Rs.66.21, Rs.68.22, and Rs.67.82 for a litre, respectively. Since around 83% of India’s crude requirements are imported, the crude oil prices in the international markets and the value of the rupee against the dollar determine the prices of diesel in the country. The demand for diesel in India has reduced drastically due to the coronavirus outbreak and the subsequent lockdown. Brent crude oil prices have also come down significantly because of the coronavirus outbreak.

      17 May 2020

    • Diesel prices remain the same in Delhi for 17 days in a row

      Apart from Kolkata and Mumbai, oil marketing companies that are run by the state did not make any changes to the prices of diesel across the major cities in India on 2 April 2020. Diesel prices have remained stagnant for 17 days in a row.

      According to the details available on the official website of Indian Oil Corporation, the price of diesel in Delhi has remained the same as on 1 April 2020 and is at Rs.62.29 for a litre. It is worth noting that the price of diesel is the cheapest in Delhi when compared to all the metros and most other cities because of lower taxes. In March, the price of diesel in Delhi was reduced by Rs.2.01 for a litre. The prices of diesel in Gurugram, Noida, and Chennai remained the same as well when compared to 1 April 2020 and are at Rs.62.08, Rs.62.96, and Rs.65.71 for a litre, respectively. The prices of diesel in Mumbai and Kolkata were increased by Rs.1 and are at Rs.66.21 and Rs.65.62 for a litre, respectively. Since more than 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the global markets determine the prices of diesel in the country. Due to the coronavirus outbreak, Brent crude oil prices reduced by nearly 50% and were less than $25 for a barrel in March. From 1 April 2020, BS-VI norms were introduced in India.

      2 April 2020

    • Diesel prices reduced by up to 16 paise across the major cities on 13 March 2020

      Oil marketing companies that are operated by the state reduced the prices of diesel by up to 16 paise across the major cities in India on 13 March 2020. However, no changes were made to the prices of diesel in Delhi.

      As per the data available on the official website of Indian Oil Corporation, the price of diesel in Delhi remained the same as 12 March 2020 and is at Rs.62.89 for a litre. The price of diesel in Delhi is the cheapest when compared to most state capitals and all the metros due to lower taxes. The prices of diesel in Delhi is currently at a 13-month low. In the National Capital Region, the price of diesel has been reduced by Rs.1.62 so far in March. The prices of diesel in Kolkata has been reduced by 15 paise and is at Rs.65.07 for a litre. In Mumbai and Chennai, the prices of diesel have been reduced by 16 paise and are at Rs.65.58 and Rs.66.19 for a litre, respectively. No changes were made to the prices of diesel in Noida and Gurugram when compared to 12 March 2020. The prices of diesel in Gurugram and Noida are at Rs.62.59 and Rs.63.48 for a litre, respectively. Since around 83% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international market determine the prices of diesel in the country.

      13 March 2020

    • Diesel prices in India fall for the fourth day in a row on 3 March 2020

      Oil marketing companies that are run by the state decreased the prices of diesel by up to 8 paise across the major cities in India on 3 March 2020. The prices of diesel have been reduced for the fourth consecutive day.

      The prices of Brent crude oil have been reduced by 14% in the last week. It is the highest drop in prices since January 2016. According to the data available on the official website of Indian Oil Corporation, the price of diesel in Delhi has been reduced by 7 paise and hit Rs.64.03 for a litre. On 2 March 2020, the prices of diesel were reduced by up to 21 paise across the major cities in India. In Kolkata, the price of diesel was reduced by 7 paise and touched Rs.66.36 for a litre. The prices of diesel in Mumbai and Chennai were reduced by 8 paise and hit Rs.67.05 and Rs.67.57 for a litre. The prices of diesel in Gurugram and Noida were reduced by 6 paise and hit Rs.63.57 and Rs.64.45 for a litre, respectively. Since over 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the prices of crude oil in the global markets have an impact on determining the prices of diesel in the country. Brent crude oil futures prices increased by 2.5% and were trading at $53.18 for a barrel.

      3 March 2020

    • Diesel prices reduced by 20-22 paise on Tuesday

      State-owned Oil Marketing Companies (OMCs) continued to cut the rates of diesel across the major cities on Tuesday. Following Tuesday’s revision in the prices, diesel prices were reduced by 20-22 paise per litre across the four metropolitan cities.

      Consumers residing in New Delhi were required to shell out Rs.64.87 for a litre after the rates were reduced by 20 paise. In Mumbai, Kolkata, and Chennai the rates were reduced by 21, 20, and 22 paise respectively for a litre to be sold at Rs.67.98, Rs.67.19, and Rs.68.50 in the cities. In non-metropolitan cities like Noida and Gurugram, OMCs slashed the rates for a litre by 17 and 14 paise. The reduction in the prices saw a litre being retailed for Rs.65.16 and Rs.64.27 respectively. The rates of diesel were the cheapest in the national capital among all metropolitan cities and most state capitals due to lower cities.

      In the international oil market, the rates of crude oil were up by 1 percent on Tuesday as investors held short positions to book profits due to the sharp decline recently. The futures of Brent crude and US West Texas Intermediate (WTI) crude were up by 79 and 63 cents respectively and was trading at $54.06 and $50.20 per barrel.

      It must be noted here that the rates of fuel in the country are revised as per the dynamic pricing scheme which was adopted in June 2017. As per the mechanism, the rates are dependent on international oil prices on a 15-day average and the rupee-dollar exchange rate.

      11 February 2020

    • Diesel prices reduced by 16-18 paise per litre

      On Sunday, the rates of diesel were slashed by 16-18 paise per litre across the major cities of the country. This was the fourth successive day when the prices were reduced by state-run Oil Marketing Companies (OMCs). Following the revision in the prices, a litre of diesel was retailed for Rs.68.45 in Delhi. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai consumers were required to shell out Rs.71.77, Rs.70.81, and Rs.72.33 respectively for a litre. It needs to be mentioned here that the rates of diesel were the cheapest in the national capital among all metropolitan cities due to lower taxes.

      On Friday, the rates of crude oil steadied in the international oil market due to concerns over fuel demand as the economic growth in China was slow. The futures of Brent crude, the global benchmark for crude oil rose by 23 cents to be trading at $64.85 per barrel.

      OMCs operating in the country revise the rates of fuel daily as per the dynamic pricing scheme which was adopted in June 2017. As per the mechanism, fuel prices are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar. This is done by OMCs to ensure that the slightest benefit with regard to international crude oil prices can be passed on to the retailers and consumers.

      20 January 2020

    • Prices of diesel increased by up to 19 paise on 30 December 2019

      Oil marketing companies that are run by the state increased by the prices of diesel by up to 19 paise across the major cities in India on 30 December 2019.

      The rise in crude prices in the international market played a vital role in the increase in diesel prices. In Delhi, the price of diesel was increased by 18 paise and hit Rs.67.78 for a litre. The price of diesel in Delhi is the cheapest when compared to all other metros due to low taxes. On 29 December 2019, the prices of diesel were increased by up to 20 paise. In the month of December, the prices of Diesel have increased by Rs.2 for a litre. The price of diesel in Kolkata was increased by 18 paise and touched Rs.70.20 for a litre. The prices of diesel in Mumbai and Chennai were increased by 19 paise and touched Rs.71.12 and Rs.71.67 for a litre, respectively. The price of diesel in Gurugram was increased by 16 paise and touched Rs.66.84 for a litre. In Noida, the price of diesel was increased by 18 paise and touched Rs.68.10 for a litre. Brent crude oil futures in the international market increased by 0.2% and was trading at $68.28 for a barrel.

      30 December 2019

    • No changes in the prices of diesel on 8 December 2019

      Oil marketing companies that are state-run did not make any changes to the prices of diesel across the major cities in India on 8 December 2019. The prices of diesel remain the same in Delhi, Mumbai, Kolkata, Chennai, Noida, Gurugram, and Bengaluru.

      On 7 December 2019, the prices of diesel were increased by up to 6 paise across the major cities in India. The price of Diesel in Delhi remained the same and is at Rs.65.84 for a litre. It is worth noting that diesel prices in Delhi are the cheapest in Delhi when compared to all other metros and most state capitals due to low taxes. The prices of diesel in Gurugram, Noida, Chennai, Kolkata, and Mumbai remained the same when compared to 7 December 2019. The updated prices of diesel in Gurugram, Noida, Chennai, Kolkata, and Mumbai are Rs.65.18, Rs.66.15, Rs.69.59, Rs.68.25, and Rs.69.06 for a litre, respectively. The crude prices in the international market and the exchange rate of the rupee against the dollar are major factors that determine the prices of diesel in India. Over 80% of India’s crude requirements are imported.

      8 December 2019

    • Diesel prices remain the same for the seventh consecutive day

      Oil marketing companies that are state-run retained the prices of diesel for the seventh day in a row on 18 November 2019. So far in the month of November, the prices of diesel have decreased by 7 paise.

      The price of diesel in Delhi is at Rs.65.79 for a litre. The price of diesel is the cheapest in Delhi when compared to other metros because lower taxes are levied. In Noida, Gurugram, Chennai, Mumbai, and Kolkata, the prices of diesel are the same when compared to 17 November 2019. The prices of diesel in Noida, Gurugram Mumbai, and Kolkata are at Rs.66.10, Rs.65.13, RS.69.01, and Rs.68.20 for a litre, respectively. According to the daily pricing mechanism of the country, diesel prices are determined by the rupee exchange rate against the dollar and the global crude prices. On 18 November 2019, crude prices remained static as there was optimism that the trade deal between China and the US would be signed soon. Compared to the last close, Brent crude oil futures in the international market decreased by 0.1% and hit $63.25 for a barrel.

      18 November 2019

    • OMCs keep diesel prices constant for second consecutive day

      State-run Oil Marketing Companies on Monday decided to keep the prices of diesel constant across the major cities of the country for the second consecutive day. Following the revision in the prices, a litre of diesel was retailed for Rs.65.95 in the national capital. In the other three metropolitan cities of the country i.e., Mumbai, Kolkata, and Chennai consumers were required to shell out Rs.69.12, Rs.68.31 and Rs.69.65 respectively. Among all the metropolitan cities, the rates of diesel were the cheapest in the national capital as the tax imposed on the fuel was low than what is charged in the other cities. In non-metropolitan cities like Noida and Gurugram, the price required to be paid for a litre of diesel on Monday was Rs.66.21 and Rs.65.23 respectively.

      The rates of international crude oil also remained constant on Monday after Russia signed a deal with OPEC to keep production in check and support the prices. The futures of Brent crude were trading at $62.01 per barrel. It must be noted here that the prices charged for fuel are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar.

      28 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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