Diesel Price In Hyderabad Today

  • Today's Diesel Price in Hyderabad( 27 Oct 2021 )

    ₹ 105.04
    Current Diesel Price Per Liter

    Compare Diesel Price in Hyderabad (Today & Yesterday)

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    Diesel ( / litre) ₹ 105.04 ₹ 105.04 ₹ 0 ↑

    Diesel Price in Hyderabad - Last 10 Days Data

    Date Diesel ( / litre)
    26 Oct 2021 ₹ 105.04
    25 Oct 2021 ₹ 105.04
    24 Oct 2021 ₹ 105.04
    23 Oct 2021 ₹ 104.66
    22 Oct 2021 ₹ 104.28
    21 Oct 2021 ₹ 103.9
    20 Oct 2021 ₹ 103.52
    19 Oct 2021 ₹ 103.14
    18 Oct 2021 ₹ 102.38
    17 Oct 2021 ₹ 102.38

    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

    • OMCs increase diesel rates in Delhi by 25 paise on 17 February 2021

      OMCs that are run by the state increased the prices of diesel by 25 paise in the national capital on 17 February 2021. Diesel prices in the national capital have been increased for the ninth consecutive day. OMCs revise diesel rates on a daily basis and the prices are different in every state due to VAT. As India imports more than 80% of its crude requirement, the value of the rupee against the dollar and the crude oil prices in the international markets determine the diesel rates in the country. Since 6 January 2021, diesel prices have been changed on a regular basis. Following the revision, the updated prices of diesel in Kolkata, Chennai, Mumbai, and Delhi are at Rs.83.54, Rs.85.01, Rs.86.98, and Rs.79.95 for a litre, respectively.

      17 February 2021

    • Diesel rates unchanged in the four metros on 30 January 2021

      State-run OMCs did not make any changes to the prices of diesel across the four metros in India on 30 January 2021. OMCs revise diesel rates on a daily basis and the prices are different in every state due to local taxes. Diesel rates have not been changed for three days in a row. Since the country imports more than 80% of its crude requirements, the crude oil prices in the global markets and the value of the rupee against the dollar determine the prices of diesel in the country. Following the revision, the updated prices of diesel in Kolkata, Chennai, Mumbai, and Delhi are at Rs.80.08, Rs.81.71, Rs.83.30, and Rs.76.48 for a litre, respectively.

      30 January 2021

    • No changes made to the prices of diesel across all the metros on 23 December

      State-run OMCs did not make any changes to the prices of diesel across all the four metros in India on 23 December 2020. Among all the four metros, diesel rates are the highest in Mumbai. Diesel prices in India are revised on a daily basis and depend on the value of the rupee against the dollar and the crude oil prices in the international markets. The updated prices of diesel in Kolkata, Chennai, Mumbai, and Delhi are at Rs.77.44, Rs.79.21, Rs.80.51, and Rs.73.87 for a litre, respectively.

      23 December 2020

    • Diesel prices unchanged across all the metros for the second day in a row

      State-run OMCs did not make any changes to the petrol rates across the metros in India on 26 November 2020. Petrol prices have not been changed across all the metros for the second consecutive day. OMCs revise the prices of petrol on a daily basis and the prices are different in every city because of VAT. The prices of petrol in Kolkata, Chennai, Mumbai, and Delhi are at Rs.74.98, Rs.76.88, Rs.77.90, and Rs.71.41 for a litre, respectively.

      26 November 2020

    • Diesel rates steady in Hyderabad on 6 November 2020

      State-run OMCs did not make any changes to the prices of diesel in Hyderabad on 6 November 2020. No changes were made to the diesel rates in all the metros as well. Diesel prices have not been changed for more than a month across most of the states in the country. OMCs revise diesel rates on a daily basis. The updated prices of diesel in Hyderabad, Mumbai, Chennai, and Delhi are at Rs.76.84, Rs.76.86, Rs.75.03, and Rs.70.46 for a litre, respectively. Diesel prices depend on the excise duty, the crude oil prices in the international markets, and the value of the rupee against the dollar.

      6 November 2020

    • Diesel rates steady in Kolkata for 37 days in a row

      OMCs that are run by the state did not make any changes to the diesel prices in Kolkata and the rest of the metros in India on 29 October 2020. The prices of diesel in all the metros have not been changed for 37 consecutive days. The updated prices of diesel in Kolkata, Chennai, Mumbai, and Delhi are at Rs.73.99, Rs.75.95, Rs.76.86, and Rs.70.46 for a litre, respectively. Since India imports around 83% of its crude requirements, the rupee to the dollar exchange rate and the price of crude oil in the international markets play in role in affecting diesel rates. Brent crude futures prices fell by 5.1% and were trading at $39.12 for a barrel.

      29 October 2020

    • OMCs do not make any changes to the prices of diesel on 2 September 2020

      State-run OMCs did not make any changes to the prices of diesel across all the metros in India on 2 September 2020. Diesel prices in the national capital have remained the same for more than 30 days. The prices of diesel are different in every state due to VAT. Most of the diesel stations in India belong to Indian Oil, Bharat Petroleum, and Hindustan Petroleum. OMCs revise the prices of diesel on a daily basis. Diesel rates depend on several factors such as local taxes, crude oil prices in the global markets, and the value of the rupee against the dollar. The prices of diesel in Delhi, Kolkata, Mumbai, and Chennai are at Rs.73.56, Rs.77.06, Rs.80.11, and Rs.78.86 for a litre, respectively. Brent crude futures prices increased by nearly 2% and are trading at $46.17 for a barrel.

      2 September 2020

    • Diesel rates remain stagnant on Tuesday

      On Tuesday, state-run Oil Marketing Companies (OMCs) kept the rates of diesel unchanged in the country. Following the daily revision in the rates, a litre of diesel was retailed for Rs. Rs.81.94 in Delhi. The price of diesel was expensive than of petrol in the national capital. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai, a litre of diesel was retailed for Rs.80.11, Rs.77.04 and Rs.78.86 respectively.

      In the global market, crude oil prices increased again on Tuesday buoyed by support for demand coming from efforts to stimulate the U.S. economy's recovery from the COVID -19 pandemic and a weakening of the dollar. Brent crude and U.S. West Texas Intermediate (WTI) crude futures were up by 0.8 and 0.7 percent respectively and was trading at $43.76 and $41.87 per barrel.

      It must be noted here that in India OMCs revise fuel rates on a daily basis. Fuel prices are fixed based on international crude oil rates and the rupee-dollar exchange rate.

      28 July 2020

    • Diesel prices increased across the major cities in India on 16 June 2020

      Oil marketing companies that are managed by the state increased the prices of diesel across the major cities in India on 16 June 2020. The prices of diesel have been increased for the tenth consecutive day.

      Before 7 June 2020, the price of diesel had not been revised for 82 days in a row. Since 7 June 2020, oil marketing companies have restarted revising the prices of diesel. The price of diesel has been increased by 57 paise when compared to 15 June 2020 and is at Rs.75.19 for a litre. Over the last 10 days, the prices of diesel in the national capital have been increased by Rs.5.80 for a litre. The prices of diesel in Chennai, Kolkata, and Mumbai have been increased by 48 paise, 51 paise, and 54 paise and are at Rs.73.17, Rs.70.84, and Rs.73.75 for a litre, respectively. Since around 80% of India’s trade requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of diesel in the country. Due to the increase in coronavirus cases, crude prices in the international markets reduced. Brent crude oil futures prices in the international markets decreased by 0.2% and are at $39.52 for a barrel.

      16 June 2020

    • 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

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    Diesel Price In Other Capitals
    Diesel Price In Other Major Cities
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