Diesel Price In Hyderabad Today

Diesel price in Hyderabad today is based on the ‘Dynamic Fuel Pricing’ mechanism. Here, you can check the current diesel price in Hyderabad. You can also find today's fuel price with quarterly diesel price trends in Hyderabad.
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  • Today's Diesel Price ( 23 Mar 2019 )
    ₹ 72.39
    Current Diesel Price Per Liter
    Compare Diesel Price (Today & Yesterday)
    Today
    (23 Mar 2019)
    Yesterday
    (22 Mar 2019)
    Rate Change
    Diesel ( / litre) ₹ 72.39 ₹ 72.44 ₹ -0.05 ↓
    Daily Diesel Rates
    Date Diesel ( / litre)
    23 Mar 2019 ₹ 72.39
    22 Mar 2019 ₹ 72.44
    21 Mar 2019 ₹ 72.61
    20 Mar 2019 ₹ 72.61
    19 Mar 2019 ₹ 72.61
    18 Mar 2019 ₹ 72.73
    17 Mar 2019 ₹ 73.06
    16 Mar 2019 ₹ 73.06
    15 Mar 2019 ₹ 73.06
    14 Mar 2019 ₹ 73.17
    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    Diesel Price in Hyderabad

    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.

    Fuel prices in India 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.

    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 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 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 valued 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 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 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 prices 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.

    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.

    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.

    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

    • Centre Seeks Saudi’s Help in Easing Oil Rates

      Global crude oil prices have been on the rise since early January this year. Oil Minister Dharmendra Pradhan asked Saudi Arabia, the world’s largest oil exporter, to play a central role in keeping rates at a reasonable level. Petrol and diesel rates have increased by more than Rs.2 per litre in the last one-month as global crude oil prices have increased on the hopes of the US and China ending their trade war that has prompted the global economic growth slowdown as well as OPEC ally Russia announcing to cut further crude oil output. The Oil Minister had raised the issue of a rising crude oil price with the visiting Oil Minister of Saudi Arabia Khalid Al-Falih and sought the role of Saudi Arabia in reducing prices. The Oil Minister said that the Centre has raised the issue of rising oil prices and sought the role of Saudi Arabia in cooling rates. During the meeting, India referred to Saudi Arabia’s pre-eminent role as a leading crude oil exporter and in maintaining the balance of oil prices.

      He also pointed to the need for uninterrupted supply of LPG and crude oil to India from Saudi Arabia amid OPEC-led supply cuts. Fuel prices, which are revised daily, have been on the rise in the last one-month. In Delhi, rates of petrol and diesel have inclined by more than Rs.2 per litre. Also, both the ministers agreed to take effective steps for the early implementation of the decisions taken in oil and gas sector.

      10 March 2019

    • Petrol and Diesel Rates Drop After Oil Prices Soften

      State-owned Oil Marketing Companies (OMCs) decreased petrol and diesel prices in Friday across all major metro cities in the country. With the revision, petrol is being sold at Rs.70.94 per litre and diesel is available at Rs.65.71 per litre in the national capital Delhi. In Mumbai, petrol costs Rs.76.57 per litre, while diesel is being sold at Rs.68.81 per litre. In Kolkata, petrol is being retailed at Rs.73.04 per litre and diesel is being sold at Rs.67.49 per litre, while in Chennai, petrol is being sold at Rs.73.64 per litre and diesel at Rs.69.41 per litre. While prices have softened this week, prices were marginally high last week as crude oil prices inclined on the back of a possible decline in the supply of crude oil in the international market. Fuel prices touched record high early October as crude oil was trading around $80 per barrel and declined to $56 per barrel late December. However, in October, the Centre announced a cut in excise duty of Rs.1.50 per litre and oil companies were asked to cut their margins by another Rs.1 per litre, offering some respite to consumers. Both petrol and diesel prices are influenced by two primary factors such as crude oil price and the exchange rate of the rupee over the U.S. dollar.

      1 February 2019

    • Fuel Prices Remain The Same On Wednesday 

      The prices of petrol and diesel in the country remained unchanged on Wednesday and this was a big relief for the common man after a daily revision of the prices for the last six consecutive days. Because of the unchanged prices on Wednesday, the people of Delhi are paying Rs.71.27 for a litre of petrol and Rs.65.90 for a litre of diesel. 

      In the cities of Kolkata, Chennai, and Mumbai, petrol is being retailed at Rs.73.36, Rs.73.99, and Rs.76.90 per litre respectively. The corresponding price of diesel in the three cities is Rs.67.68, Rs.69.62, and Rs.69.01 respectively. 

      The residents of Noida are paying Rs.70.97 for a litre of petrol and Rs.65.06 for a litre of diesel. The current price of the petrol and diesel in Gurugram remained unchanged at Rs.71.99 and Rs.65.67 respectively. The retail prices of the two fuels depend on the prices of the global crude oil.  

      Another factor that has an impact on the domestic price of the two fuels is the rupee-US dollar exchange rate. This is because India imports around 80% of its crude oil requirements and hence it’s very sensitive to these two external factors. 

      24 January 2019

    • Diesel Prices Reduced; No Change in Petrol Prices

      Diesel prices were reduced on Friday while petrol prices were kept unchanged across major metro cities of the country. The reduction in diesel prices and the non-revision in petrol prices is attributed to the stabilisation of the crude oil price in the international market after it fell by 30% in the last two months. In Delhi, petrol now costs Rs.70.29 per litre, no revision compared to yesterday, while diesel prices were reduced from Rs.64.66 per litre to Rs.64.57 per litre, down by 9 paise per litre. In Mumbai, petrol is available at Rs.75.91 per litre and diesel costs Rs.67.58 per litre, down by 8 paise per litre compared to yesterday’s price. In Chennai and Kolkata, the petrol price stands at Rs.72.94 and Rs.72.38 per litre respectively, while diesel prices in these cities stand at Rs.68.18 and Rs.66.33 respectively. Also, in Noida, petrol prices were not revised at Rs.70.18 per litre and diesel costs Rs.63.91 per litre, which became cheaper by 6 paise per litre. Benchmark Brent crude was trading around $61 per barrel on Friday down from $80 per barrel early October 2018.

      14 December 2018

    • A Massive Drop in Fuel Prices as Petrol Prices Reaches Below the Rs.74 per litre Mark

      Due to the fall in prices of global crude oil, the price of petrol and diesel reached a new low on 29 November 2018. Petrol is priced at Rs.73.24 per litre in Delhi indicating a fall in price by 0.33 paise. Similarly, diesel showed a decrease in price by 0.36 paise and is currently priced at Rs.68.13 per litre. In Mumbai, the price of petrol was Rs.79.12 per litre on 28 November 2018. The price of petrol in Chennai was Rs.76.01 per litre and diesel was priced at Rs.71.95 per litre. In Kolkata, the price of diesel was Rs.75.24 per litre and petrol was priced at Rs.Rs.69.98.

      The price of fuel has been on the decline since 16 October 2018 and with this, the price of petrol has been cut by Rs.10 and price of diesel by, Rs.7.

      Globally, the price of Brent crude futures oil is also hitting new lows and was priced at $59.04 per barrel, however on 26 November 2018, the price was at $59.50 per barrel. The prices of fuel in India are dependant on various factors such as the global crude price as well as the exchange rate of the rupee and the US dollar.

      3 December 2018

    • Every litre of Diesel Costs Rs.79.19 in Mumbai

      The prices of diesel continued to skyrocket in the country as Oil Marketing Companies (OMCs) hiked the rates on Monday. The prices of diesel were hiked in the range of Rs.0.8 and Rs.0.9 per litre. Following the increase, every litre of diesel cost Rs.75.46 in Delhi and Rs.79.11 in Mumbai. It needs to be mentioned that the prices of diesel have seen a sharp upward curve in the last few weeks owing to factors like high international crude oil prices, fall of rupee against the US dollar and high excise duty rates imposed by the government on fuel. While the government had cut the VAT by Rs.2.5 recently to bring down the soaring fuel prices, it has failed to provide relief to the common people as prices are being consistently hiked.

      16 October 2018

    • Maharashtra Government Says Cut in Fuel Prices Can Lead to Revenue Loss of Rs.2,200 crore

      The BJP-led Maharashtra government recently stated that it would lose revenue of around Rs.2,200 crore every year if the price of petrol and diesel is cut by even one rupee per litre. The state’s Finance Minister Sudhir Mungantiwar who informed this stated that it was because the government had already cut the taxes on the products to check the ever-increasing prices in the state. The minister added that the state government had cut the taxes on the petrol and diesel in October last year itself while other states have started doing it now. While the minister termed the rising prices of petrol and diesel as a matter of concern, he blamed it on global factors. When it comes to the price of diesel in Maharashtra, the rates in the state falls among the eight states in the country where the rates are the highest. It needs to be mentioned that Maharashtra gets 26% in taxes from the retail sale of petrol and diesel.

      1 October 2018

    • Government of Rajasthan Reduces Value-added Tax (VAT) on Fuels, Fuel Prices to Fall by Rs.2.5 per litre

      The Government of Rajasthan has announced to cut the sales tax (value-added tax) by 4% on fuel prices. With this initiative, diesel and petrol prices are expected to fall by Rs.2.5 a litre from Monday, 10 September 2018. Chief Minister Vasundhara Raje said, “Sales tax on diesel shall be reduced from 22% to 18% and on petrol from 30% to 26%. The decision of reducing sales tax is likely to cost the exchequer an amount of Rs.2,000 crore. We already decided to cut the sales tax by 4% so that we can provide some relief to the people of the state.”

      The declaration came at a critical time when the State Government of Rajasthan is gearing up for the upcoming assembly elections. Fuel rates have been on a steady rise since many days. Petrol price already crossed the Rs.80 mark in Delhi, the national capital a day before. The opposition parties had called the Bharat Bandh to protest against the increasing fuel rates. The increase in fuel rates transformed calls for a fall in central taxes. Finance Minister, Arun Jaitley, remained non-committal. He just said, ‘Crude oil in international markets are very lithesome in nature.’

      11 September 2018

    • Diesel Price to Retail at Rs.68.50 per litre

      On Wednesday, 8/8/2018, diesel price per litre increased by 6 paise to Rs.68.50%, according to state-run oil marketing companies. In Delhi, the national capital of India, diesel and petrol prices shall be lower compared to Chennai, the capital city of Tamil Nadu; Mumbai, the capital city of Maharashtra; and Kolkata, the capital city of West Bengal. Across all Indian cities, diesel prices have been increasing because of the crude oil cost. Since 30 July 2018, diesel price dropped by 88 paise per litre. On 29 May 2018, diesel price per litre was the highest.

      Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited and Indian Oil Corporation Limited deployed the system of dynamic fuel pricing to review the price of both diesel and petrol. The revision of fuel prices shall be done on a daily basis based on the variations in the INR/USD exchange rate and unrefined oil prices. These global aspects will determine the trend. The higher the crude oil price, the higher is the fuel price and vice versa. Sales tax and excise duty are a major part of the retail selling price of diesel. More than 50% of the RSP goes towards taxes. As of June 2018, excise duty on diesel per litre was Rs.15.33. On diesel per litre, sales tax is the highest in the state of Telangana.

      14 August 2018

    • Fuel Enterprises to Increase Petrol Prices after 15 days

      Between 14 July and 28 July 2018, petrol prices remained unchanged. They were reduced on Saturday, 28 July 2018. On Sunday, 29 July 2018, they once again remained unchanged. Bharat Petroleum, Hindustan Petroleum and Indian Oil increased the petrol rate per litre by 9 paise to Rs.79.14 in Kolkata, which is the capital city of West Bengal; Rs.79.20 in Chennai, which is the capital city of Tamil Nadu; Rs.83.70 in Mumbai, the capital city of Maharashtra; and Rs.76.25 in Delhi, which is the capital city of India.

      As the price of Brent crude oil increased by 1.7% in the last week, petrol prices in the domestic market accelerated. The rates of Brent futures dropped in the last week as the inventories in the United States of America fell more than estimated range and one of the vital shipping routes has been closed tentatively. US West Texas intermediate crude futures soared by 15 cents to $68.84 per barrel, while the rate of Brent crude futures dropped by 5 cents on Monday, 30 July 2018.

      2 August 2018

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