Diesel Price In Kerala Today

  • Today's Diesel Price ( 26 Jan 2021 )

    ₹ 81.77
    Current Diesel Price Per Liter

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    Diesel Price in Kerala - Last 10 Days Data

    Date Diesel ( / litre)
    25 Jan 2021 ₹ 81.77
    24 Jan 2021 ₹ 81.77
    23 Jan 2021 ₹ 81.77
    22 Jan 2021 ₹ 81.5
    21 Jan 2021 ₹ 81.24
    20 Jan 2021 ₹ 81.24
    19 Jan 2021 ₹ 81.24
    18 Jan 2021 ₹ 80.98
    17 Jan 2021 ₹ 80.72
    16 Jan 2021 ₹ 80.72

    Diesel Rate Trend

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    Diesel price in Kerala

    • Current Diesel Price in Kerala is Rs.81.5 per Litre
    • Today's Diesel price in Kerala is Rs.81.5 per litre.

    Diesel price in Kerala today is fixed based on the daily ‘Dynamic Fuel Pricing’ mechanism. You can check the current diesel price in Kerala, find today's diesel price and the quarterly price trend in Kerala. It may be noted that new diesel prices in Kerala are updated by state-run oil firms daily at 6:00 am IST.

    The present financial year has seen tremendous changes with respect to diesel, which is an efficient, multi-purpose liquid fuel. The demand for diesel is mounting day by day in the country, so does with Kerala. The following sections discuss a few important aspects related to diesel from the viewpoint of a common diesel consumer from Kerala.

    Trend of Diesel Price in Kerala for December 2020 (rates per litre):

    Parameters  Rates/litre 
    1st December Rs.78.09
    31st December Rs.79.61
    Highest Rate in December Rs.79.61 from 7th to 31st December
    Lowest Rate in December Rs.78.09 from 1st December
    Overall Performance  Incline
    Percentage Change  1.94%

    Monthly Diesel Price Trend in Kerala for December 2020:

    • In Kerala, the price of diesel opened the month of December at Rs.78.09 per litre. When compared to the closing price of the previous month, there was no change in the rates.
    • While the opening price was the lowest for the month, the highest price was recorded on 7th December when a litre was retailed for Rs.79.61.
    • Diesel price in Kerala didn’t see any change over the rest of the month and closed at the same price. The overall performance of the fuel was one of incline with the percentage change being 1.94%.

    Trend of Diesel Price in Kerala for November 2020 (rates per litre):

    Parameters  Rates/litre 
    1st November Rs.75.94
    30th November Rs.78.09
    Highest Rate in November Rs.78.09 on 29th and 30th November
    Lowest Rate in November Rs.75.94 from 1st to 19th November
    Overall Performance  Incline
    Percentage Change  2.83%

    Monthly Diesel Price Trend in Kerala for November 2020:

    • In Kerala, the price of diesel opened at the rate of Rs.75.94 per litre. There was an inclining trend in the price of the fuel over the month with gradual fluctuations.
    • The price of diesel in the state of Kerala was steady from the 1st of November till the 19th of November. The price recorded during this time was Rs.75.94 per litre which was also the lowest recorded rate. The fuel recorded its highest price for the month on 29th and 30th November wherein it stood at the rate of Rs.78.09 per litre.
    • The overall performance of the fuel witnessed an inclining trend in Kerala with the percentage change standing at 2.83%.

    Trend of Diesel Price in Kerala for October 2020 (rates per litre):

    Parameters  Rates/litre 
    1st October Rs.76.03
    31st October Rs.75.94
    Highest Rate in October Rs.76.03
    Lowest Rate in October Rs.75.94
    Overall Performance  Decline
    Percentage Change  -0.09%

    Monthly Diesel Price Trend in Kerala for October 2020:

    • Diesel price in Kerala at the start of the month was Rs.76.03 per litre. There was no change in the rates when compared to the closing price of the previous month.
    • The price of the fuel witnessed a lot of fluctuations over the month of October. There were a lot of fluctuations in the price of the fuel across the next few weeks with an overall declining trend.
    • The highest rate of the fuel for the month was recorded on the 1st and 2nd days of the month wherein the fuel was being traded at the rate of Rs.79.18 per litre. The lowest price, on the other hand, was recorded on the past few days of the month wherein the price of the fuel stood at Rs.75.94 per litre. The fuel performance witnessed a declining trend with an overall percentage change of -0.09%.

    Trend of Diesel Price in Kerala for September 2020 (rates per litre):

    Parameters  Rates/litre 
    1st September Rs.79.18
    30th September Rs.76.13
    Highest Rate in September Rs.79.18
    Lowest Rate in September Rs.76.13
    Overall Performance  Decline
    Percentage Change  -3.85%

    Monthly Diesel Price Trend in Kerala for September 2020:

    • In the month of September, diesel price in Kerala opened at the rate of Rs.79.18 per litre. The price of the fuel witnessed no changes when compared to the closing price of the previous month.
    • Over the month, the price of the fuel fluctuated in the city and portrayed a declining trend. The fuel recorded its highest price for the month on 1st and 2nd September wherein it stood at the rate of Rs.79.18 per litre. The lowest recorded price of the fuel was Rs.76.13 which was recorded on 29th and 30th of September.
    • The overall performance of the fuel witnessed a declining trend in Kerala with an overall percentage drop of -3.85%.

    Trend of Diesel Price in Kerala for August 2020 (rates per litre):

    Parameters  Rates/litre 
    1st August Rs.79.02
    31st August Rs.79.18
    Highest Rate in August Rs.79.18 on 16 - 31 August
    Lowest Rate in August Rs.79.02 from 1 – 15 August
    Overall Performance  Incline
    Percentage Change  0.20%

    Monthly Diesel Price Trend in Kerala for August 2020:

    • Diesel price in Kerala was Rs.79.02 per litre on 1st of August. When compared to the closing price of the previous month, the rate of the fuel didn’t see any change.
    • Diesel recorded its highest and lowest price for the month on 16th and 1st of August when consumers were charged Rs.79.18 and Rs.79.02 respectively for a litre.
    • In Kerala, the price of diesel closed the month of August at Rs.79.18 per litre. Over the month, the fuel witnessed an inclining trend with the percentage change being 0.20%.

    Trend of Diesel Price in Kerala for July 2020 (rates per litre):

    Parameters  Rates/litre 
    1st July Rs.77.68
    31st July Rs.79.02
    Highest Rate in July Rs.79.02 from 26 July to 31 July
    Lowest Rate in July Rs.77.68 from 1 July to 6 July
    Overall Performance  Incline
    Percentage Change  1.73%

    Monthly Diesel Price Trend in Kerala for July 2020:

    • A litre of diesel was trading at the rate of Rs.77.68 in Kerala at the start of the month. This price was steady till 6th July. Compared to the closing price of the previous month, the rates didn’t see any change.
    • The fuel recorded its highest price for the month from 26th to 31st of July wherein a litre was being retailed at the rate of Rs.79.02.
    • The diesel price in Kerala closed the month of July being traded at the rate of Rs.79.02 per litre. The overall performance witnessed an incline of 1.73%.

    Trend of Diesel Price in Kerala for June 2020 (rates per litre):

    Parameters  Rates/litre 
    1st June Rs.67.17
    30th June Rs.77.68
    Highest Rate in June Rs.77.68 on June 29 and 30
    Lowest Rate in June Rs.67.17 from June 1 – 4
    Overall Performance  Incline
    Percentage Change  15.64%

    Monthly Diesel Price Trend in Kerala for June 2020:

    • Diesel price in Kerala opened the month of June at Rs.67.17 per litre. Compared to the closing price of the previous month, there was no change in the rates of the fuel.
    • The rates witnessed an increasing trend over the month as oil companies restarted the daily revision of the rates after an 82-day hiatus. Diesel recorded its highest price for the month on the penultimate day of the week with a litre costing Rs.77.68.
    • Petrol rate in Kerala, the fuel closed the month at the same price. The percentage change recorded in the rates of diesel was 15.64%.

    Trend of Diesel Price in Kerala for May 2020 (rates per litre):

    Parameters  Rates/litre 
    1st May Rs.67.17
    31st May Rs.67.17
    Highest Rate in May 67.91
    Lowest Rate in May Rs.67.04
    Overall Performance  Stable
    Percentage Change  -

    Monthly Diesel Price Trend in Kerala for May 2020:

    • Diesel was priced at Rs.67.17 per litre at the start of May in Kerala. There was no change in the rates when compared to the closing price of the previous month.
    • The rates of diesel didn’t see any change in the state till 20th May. The price charged for a litre dropped by 13 paise on 21st May to cost Rs.67.04 for a litre. This was the lowest recorded price of the fuel for the month.
    • In Kerala, diesel rates fluctuated over the next four days. While the rates increased on 22nd and 23rd May, diesel price declined over the next two days. The increase in the rates saw diesel record its highest price for the month on 23rd May with a litre costing Rs.67.91. Diesel closed the month at Rs.67.19 per litre with the overall performance remaining stable in the state.

    Trend of Diesel Price in Kerala for April 2020 (rates per litre):

    Parameters  Rates/litre 
    1st April 67.17
    30th April Rs.67.17
    Highest Rate in April 69.267.178
    Lowest Rate in April Rs.67.17
    Overall Performance  -
    Percentage Change  -

    Monthly Diesel Price Trend in Kerala for April 2020:

    • In Kerala, diesel price didn’t see any change in the rates over the month as state-run Oil Marketing Companies (OMCs) kept the rates constant in the state.
    • Having opened the month at Rs.67.17 per litre, the same price which was charged on the closing day of the previous month, the rates of diesel in the state were kept unchanged even though international crude oil prices suffered as the coronavirus pandemic played its part in reduced demand.
    • As there was no change in the prices over the month, the rates didn’t see any incline or decline in the state of Kerala.

    Trend of Diesel Price in Kerala for March 2020 (rates per litre):

    Parameters  Rates/litre 
    1st March 69.28
    31st March Rs.67.17
    Highest Rate in March 69.28
    Lowest Rate in March Rs.67.17
    Overall Performance  Decline
    Percentage Change  -3.04%

    Monthly Diesel Price Trend in Kerala for March 2020:

    • In the southern state of Kerala, diesel price opened the month of March at Rs.69.28 per litre. The rates of the fuel were down by 19 paise when compared to the closing price of the previous week. The opening price of diesel in the state was also the highest recorded price for the month.
    • The rates of the fuel slipped in the first nine days of the month as demand fell. A litre of diesel was retailed for Rs.68.19 on 9th March after the rates declined by Rs.1.09 per litre. Diesel continued to fall further in the next few days and touched its lowest for the month on 16th March when a litre cost Rs.67.17.
    • Diesel prices didn’t see any change following that and closed the month at the same price. The rates remaining stagnant over the second half of March can be accounted to the imposed lockdown in order to contain the spread of the deadly virus. Over the month, diesel’s overall performance witnessed a declining trend of 3.04%.

    Trend of Diesel Price in Kerala for February 2020 (rates per litre):

    Parameters  Rates/litre 
    1st February 71.21
    29th February Rs.69.47
    Highest Rate in February 71.21
    Lowest Rate in February Rs.69.47
    Overall Performance  Decline
    Percentage Change  -2.44%

    Monthly Diesel Price Trend in Kerala for February 2020:

    • Diesel price in Kerala stood at Rs.71.21 per litre on the 1st of February, marking its highest recorded price for the month.
    • Diesel prices fluctuated in the second week as the state-run oil marketing companies decided to cut rates.
    • Prices kept fluctuating in the international oil market due to weak demand of the oil caused by the coronavirus outbreak in China. Diesel closed the month at Rs.69.47 per litre, its lowest recorded price for the month of February.
    • The overall performance of diesel in Kerala was –2.44%, trending downwards.

    Trend of Diesel Price in Kerala for January 2020 (rates per litre):

    Parameters  Rates/litre 
    1st January 73.08
    31st January Rs.71.33
    Highest Rate in January 74.37
    Lowest Rate in January Rs.71.33
    Overall Performance  Decline
    Percentage Change  -2.39%

    Monthly Diesel Price Trend in Kerala for January 2020:

    • Diesel price in kerala stood at Rs.73.08 per litre on 1 January in Kerala. Over the month, the rates of the fuel slipped in the state due to the outbreak of coronavirus in China.
    • In the first ten days of the month, petrol prices were on the incline in the state due to tensions between Washington and Tehran. This resulted in petrol recording its highest for the month on 11 January with every litre costing Rs.74.37.
    • The rates dropped following that as crude oil prices started to decline in the international market after tensions in the Middle East began to ease. At the end of the third week of the month, a litre of diesel cost Rs.73.19 in the state.
    • There was no improvement in the prices in the final week of the month as the World Health Organisation (WHO) declared a global health emergency due to the increasing number of coronavirus cases and deaths associated to it. Diesel closed the month at Rs.71.33 per litre with the overall performance being -2.39%, trending downwards.

    Trend of Diesel Price in Kerala for December 2019 (rates per litre):

    Parameters  Rates/litre 
    1st December 70.75
    31st December Rs.73.08
    Highest Rate in December 73.08
    Lowest Rate in December Rs.70.75
    Overall Performance  Incline
    Percentage Change  3.29%

    Monthly Diesel Price Trend in Kerala for December 2019:

    • The diesel price in kerala opened at the rate of Rs.70.75 per litre for the month of December 2019.
    • With the expectations from the US-China trade deals, the price of the oil was affected to some extent. The increase in the price of crude oil in the international market was one of the main reasons responsible for the increase in the rate of the fuel. There was an overall increase of 24% in the price of Brent crude oil during the year.
    • The price of diesel stood at Rs.73.08 per litre in Kerala at the end of the month of December 2019. This is the highest recorded price for the month. The lowest recorded price was Rs.70.75 per litre. There was an overall incline of 3.29% in the price of the fuel.

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

    Parameters  Rates/litre 
    1st November 70.77
    30th November Rs.70.75
    Highest Rate in November 70.88
    Lowest Rate in November Rs.70.69
    Overall Performance  Decline
    Percentage Change  -0.02%

    Monthly Diesel Price Trend in Kerala for November 2019:

    • In Kerala, diesel price opened the month of November at Rs.70.77 per litre. The rates were down by 11 paise per litre when compared to the previous day’s closing price.
    • Diesel prices in the first week slipped as crude oil prices were relaxed across the globe due to the upcoming US and European economic data. The rates closed the week at Rs.70.72 per litre.
    • The rates saw some fluctuations in the second week of the month. Diesel recorded its highest price for the month on 9 November when every litre was retailed for Rs.70.88 in the state.
    • In the third and fourth week of November diesel prices remained constant for most days after witnessing slight change in the prices. Diesel closed the month at Rs.70.75 per litre with the overall performance being -0.02%, trending downwards.

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

    Parameters  Rates/litre 
    1st October 72.61
    31st October Rs.70.88
    Highest Rate in October 72.61
    Lowest Rate in October Rs.70.88
    Overall Performance  Decline
    Percentage Change  -2.38%

    Monthly Diesel Price Trend in Kerala for October 2019:

    • Diesel price in Kerala opened the month of October at Rs.72.61 per litre. This was the highest recorded price of the fuel for the month.
    • The diesel rates started to drop after staying constant for a day due to global economic crisis and weak demand for fuel.
    • The gradual decline in the prices saw diesel close the second and third week of October at Rs.71.52 and Rs.71.22 per litre respectively.
    • Diesell prices continued to slide in the last week of October before closing at Rs.70.88 per litre. It was the lowest recorded price of Diesel in the state of Kerala for October. The overall performance of diesel for the month in Kerala was -2.38%, trending downwards.

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

    Parameters  Rates/litre 
    1st August 70.96
    31st August Rs.70.19
    Highest Rate in August Rs.70.97 on 4, 5, 6 and 7 August
    Lowest Rate in August Rs.70.05 on 20, 21, 22, and 23 August
    Overall Performance  Decline
    Percentage Change  -1.08%

    Monthly Diesel Price Trend in Kerala for July 2019:

    • The diesel price in Kerala opened the month of August at Rs.70.96 per litre, unchanged from the previous day’s closing price. The rates increased slightly to Rs.70.97 per litre on 4 August. This was the highest recorded price for the month. With low demand for oil in the local market and the trade war between the United Stated and China, the rates plummeted and stabilised on 12 August at Rs.70.38 per litre.
    • With no improvement in the trade relations between Washington and Beijing, the concerns regarding an economic crisis grew. This resulted in the price of diesel dropping further, with diesel recording its lowest price for the month on 20 August at Rs.70.05 per litre.
    • In the last week, the rates rose marginally before closing at Rs.70.19 per litre. The overall performance of diesel in the southern state for the month was -1.08%.

    Trend of Diesel Price in Kerala for July 2019 (rates per /litre ):

    Parameters  Rates/litre 
    1st July 69.14
    31st July Rs..70.96
    Highest Rate in July Rs.71.68 on 7 July
    Lowest Rate in July Rs.69.14 per litre on 1 July
    Overall Performance  Incline
    Percentage Change  2.63%

    Monthly Diesel Price Trend in Kerala for July 2019:

    • Diesel price in Kerala opened the month at Rs.69.14 per litre – the lowest price recorded during the month – and inclined by the end of the week after the Centre imposed an additional excise duty and cess of Rs.2 per litre during the 2019 Budget which led the highest price of the month when diesel was sold at Rs.71.68 a litre on 7 July.
    • During the second week, diesel prices in the state declined marginally to close the week at Rs.71.22 per litre despite an inclining crude oil prices in the market amid rising tensions in the Middle East even after supply cuts led by the OPEC and its allies to keep the oil market stable.
    • The third week of July, diesel prices remained unchanged when a litre was sold at Rs.71.22 per litre despite crude oil prices continued to rise after the US Navy shot down an Iranian drone escalating tensions in the Middle East.
    • The last week witnessed a decline in diesel prices even as Oil Marketing Companies (OMCs) chose to keep diesel rates subdued although crude oil prices increased after it was reported that the US inventories declined, and after the US said it may have downed a second Iranian drone, escalating tensions in the region.

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

    Parameters  Rates/litre 
    2nd June  Rs.71.11 per litre 
    30th June  Rs.69.03 per litre 
    Highest Rate in June  Rs.71.11 per litre on 2 June 
    Lowest Rate in June  Rs.68.60 per litre from 20-23 June 
    Overall Performance  Decline 
    Percentage Change  -2.92% 
    • On 2 June, diesel price in Kerala stood at Rs.71.11 per litre, this was also the highest price recorded during the month amid volatile crude oil prices in the market. 
    • Prices largely remained on the decline during the first and second month only to increase marginally in the third and fourth week even as crude oil prices stabilised after plummeting more than 10% in the last week of May. 
    • Between 20 and 23 June, diesel prices in Kerala were at its monthly lowest when a litre of the fuel was sold at Rs.68.60 a litre even as crude prices fell due to limited supplies in the market. 
    • During the course of the month, diesel prices declined by 2.92% owing to the decrease in crude prices attributed by the supply cuts led by the Organisation of Petroleum Exporting Countries (OMCs) despite geopolitical tensions in the Middle East due to US sanctions on Iran. 

    Daily Revision of Fuel Prices

    All diesel bunks throughout the state have begun revising diesel rates on a daily basis since 16 June 2017. Rates will change at 06:00 a.m. every day. Each diesel bunk will display the updated price at its premises for the public. Earlier, the revision used to happen twice a month, which is on the first and sixtieth of every month by taking the average price of crude oil over the last fifteen days and the exchange rate of the INR to the USD.

    The new fuel pricing mechanism also considers the variations in overseas crude oil and the exchange rate fluctuations. Unlike the previous revision methodology, variations in the exchange rate and oil rates will be instantaneously shifted to end users of diesel. The new system also makes fuel pricing more transparent. Diesel outlets can practice the best stock management practices under the new system.

    Diesel consumers will not be impacted much by dynamic fuel pricing as the variations in diesel prices are not so high. In the earlier system, prices used to change in big margins. With the daily revision in practice, all state-owned oil marketing firms offer an SMS service, a customer care service and an online service for diesel consumers from Kerala to get the latest diesel prices.

    Diesel Prices in Kerala

    The average price of diesel for the last five days is Rs.61.998. The rate has fallen by more than two rupees since 3 October 2017. It is because of the reduction in the central excise duty. Before deducting the excise, the diesel rate was Rs.64.3 on 3 October 2017.

    How to Compute Diesel Price in Kerala

    Like any other cities, the cost structure of diesel in Kerala consist five elements that include the cost of crude oil including freight charges, refinery transfer price, the profit margin of oil marketing companies (OMC), dealer commission, and the state and the central tax on diesel. 50% of retail selling price consist tax elements.

    As we all know, India is a huge importer of crude oil. When oil marketing companies import crude oil from overseas oil companies, oil manufacturing companies remit the cost of crude oil in addition to freight charges. Refinery transfer price is the price charged by refineries to transform raw oil into diesel. It will be fixed. The possession of refined oil will be held by oil marketing companies till it is delivered to dealers for sale.

    Oil marketing companies then add a certain percentage of profit on the cost of crude oil and the refinery transfer price. Diesel is taxed by the state government and the central government as well. With effect from 4 October 2017, the government of Kerala taxes diesel by 29.21%. The central excise duty imposed by the central government is applicable to all states of India.

    Why do Diesel Costs fluctuate in Kerala?

    The factors that affect diesel prices in Kerala can be clubbed into two categories. The first category includes domestic factors and the second category includes international factors. The tax components can be considered as domestic factors. The central government retains the right to decrease or increase the central excise duty. It was recently revised on 4 October 2017. After reducing the excise duty, the cost of diesel has come down by more than Rs.2 in Kerala.

    Another tax component is the state VAT, which is administered by respective state governments. The cost of diesel will come down if the state government of Kerala reduces the VAT on diesel. It will go up if the local tax increases. The cost of crude oil and the currency conversion rate can be considered as international factors. Crude oil rates are impacted by a lot of factors including overseas political events, the economics of oil-producing countries, export and import procedures, the ratio of global reserves and supplies, and seasonal conditions.

    The exchange rate fluctuates often. It is related to the cost of crude oil. If the base currency falls against the local currency, the cost of raw oil will be cheaper in Indian rupees. If the local currency falls against the base currency, the cost of crude oil will be increased proportionately. As a result, the performance of the exchange rate will direct affect diesel prices in Kerala and other Indian cities.

    What is the Impact of GST on Diesel Price in Kerala?

    The retail selling price (RSP) of all types of goods and services have slighted changed since the rollout of the Goods and Services Tax (GST) in the month of July 2017. But, diesel rates have remained unchanged in the state. GST is not applicable to five petroleum products including diesel. Many of us know that the highest GST rate fixed by the GST Council till date is 28%.

    Even if diesel in Kerala is taxed at 28%, the current rate of diesel will fall by at least 20-30%. The implementation of GST will harm the revenue source of the central and state governments. Goods and Services Tax (GST) is not applicable to the entire oil and natural gas industry. All industrial players will not pay tax under the scheme of GST. If the industry is brought under the regime of GST, the compliance cost will be doubled as all participants have to follow the current tax regime and the GST slab.

    Diesel Rates vs. Petrol Rate in Kerala

    Diesel is priced less compared to petrol because it is a subsidised commodity. The net difference between the current rate of petrol and diesel in Kerala is reasonable like any other state. The prices of petrol and diesel offered by different oil brands will change a bit. They are expected to go up slightly over the next one or two months.

    Also Check Diesel Price in NearBy Cities of Kerala

    *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 Kerala

    • OMCs continue to keep diesel rates stagnant in the country

      State-run Oil Marketing Companies (OMCs) on Sunday kept the price of diesel unchanged in the major cities of the country. This was the 26th consecutive day when the price of fuel had remained stagnant. Following the daily revision in the rates, a litre of diesel was retailed for Rs.73.87 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.80.51, Rs.77.44 and Rs.79.21 for a litre. Among all the metropolitan cities, the price of diesel was the highest in Mumbai and the lowest in Delhi.

      In the international market, the price of Brent crude advanced by 0.33 percent on Friday and was trading at $51.80 per barrel. The rupee however slipped by 4 paise against the US dollar and settled at 73.11.

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

      3 January 2021

    • Diesel rates unchanged in the national capital for nearly one and a half months

      OMCs that are run by the state did not make any changes to the prices of diesel in Delhi on 16 November 2020. Diesel rates in most cities have not been changes for around one and a half months. Since most 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. The 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. Crude prices in the US fell by 2.41% and were at $40.13 for a barrel.

      17 November 2020

    • For the seventh successive day, diesel rates remain stagnant

      The rates of diesel remained stagnant across the major cities of the country for the seventh consecutive day on Monday. Following the revision of the rates, state-run Oil Marketing Companies (OMCs) retailed a litre of diesel for Rs.80.53 in the national capital while in Mumbai, Kolkata, and Chennai, a litre was retailed for Rs.78.83, Rs.75.64, and Rs.77.72 respectively. It must be noted here that diesel has been retailed at a higher price than petrol for the 13th consecutive day in the national capital. The rates of fuel were on an upward curve since June 7 as oil companies restarted the daily revision of rates after an 82-day hiatus.

      Oil Companies operating in India revise the rates as per the dynamic pricing scheme which was adopted in June 2017. As per the mechanism, the rates are dependent on international oil rates on a 15-day average and the rupee – US dollar exchange rate. The country imports more than 80 percent of the total crude requirement.

      6 July 2020

    • No changes made to the prices of diesel across the major cities on 4 June 2020

      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 4 June 2020. The base price of diesel has remained the same since 16 March 2020.

      The price of diesel remained the same when compared to 3 June 2020 and is at Rs.69.39 for a litre. The prices of diesel are expected to increase over the coming days because of the increase in VAT. The prices of diesel in Mumbai, Chennai, and Hyderabad remained the same as well when compared to 3 June 2020. According to the details available on the official website of Indian Oil Corporation, the updated prices of diesel in Mumbai, Chennai, and Hyderabad are at Rs.66.21, Rs.68.22, and Rs.67.82 for a litre, respectively. The demand for diesel has come down significantly over the last 2 months because of the coronavirus outbreak and the subsequent travel restrictions that had been imposed. 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.

      4 June 2020

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

      Oil marketing companies that are controlled by the state reduced the prices of diesel by up to 16 paise across the major cities in India on 16 March 2020. The main reason for the reduction in prices was the fall in Brent crude oil rates.

      According to the data available on the official website of Indian Oil Corporation, the price of diesel in Delhi has been reduced by 15 paise and is at Rs.69.29 for a litre. Since the beginning of March, the price of diesel in the National Capital Region has been reduced by Rs.2.01. On 15 March 2020, the price of fuel in India was reduced by 12-14 paise. The price of diesel in Chennai has been reduced by 16 paise and is at Rs.65.71 for a litre. In Kolkata, the price of diesel was reduced by 15 paise and is at Rs.64.62 for a litre. The price of diesel in Mumbai has been reduced by 14 paise and is at Rs.65.21 for a litre. The excise duty on diesel was increased by Rs.3 by the government in order to improve the revenue. 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 price of diesel in the country.

      16 March 2020

    • Prices of diesel remain stagnant for the second day in a row

      Oil marketing companies that are operated by the state made no changes to the prices of diesel across the major cities in the country on 5 February 2020. The prices of diesel have not been changed for the second day in a row.

      The price of diesel in Delhi remained the same as yesterday and is at Rs.66.04 for a litre. The price of diesel is the cheapest in Delhi when compared to most other state capitals and all metros as lower taxes are levied. The prices of diesel in Noida, Gurugram, Chennai, Mumbai, and Kolkata remained the same as well when compared to 5 February 2020. The updated prices of petrol in Noida, Gurugram, Chennai, Mumbai, and Kolkata are at Rs.66.30, Rs.65.31, Rs.69.76, Rs.69.22, and Rs.68.41 for a litre, respectively. Since around 84% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international market affect the prices of diesel. The value of the rupee increased by 13 paise against the dollar on 4 February 2020 and touched Rs.71.25. The main reason for the increase in the rupee was an improved sentiment in the international markets as there were efforts made to contain the coronavirus. On 5 February 2020, the prices of crude oil increased as well. Brent crude oil futures prices in the international market increased by 0.8% and touched $54.40 for a barrel.

      5 February 2020

    • Diesel prices continue to remain static in the country

      Diesel prices in the country were kept unchanged on Friday even though Oil Marketing Companies (OMCs) slashed the rates of petrol. This was the fifth consecutive day when the prices of diesel have not seen any change. Every litre of petrol was retailed for Rs.65.78 in Delhi while in the commercial capital i.e., Mumbai consumers were required to pay Rs.69 for a litre. In the eastern and southern metropolitan cities i.e., Kolkata and Chennai OMCs charged Rs.68.19 and Rs.69.55 respectively. The rates of diesel were the cheapest in the national capital among all metropolitan cities and state capitals due to lower taxes. In Noida and Gurugram, both non-metropolitan cities OMCs charged Rs.66.09 and Rs.65.13 respectively for a litre.

      In the international market, the futures of Brent crude and US West Texas Intermediate (WTI) saw a jump in the prices on Friday. This came after OPEC agreed to raise output cuts by nearly 50 percent in early 2020. The futures of both the crude oils were up by 1 and 2 cents respectively to be trading at $63.40 and $58.45 per barrel.

      In India, the rates of fuel are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar. This is because India imports 80 percent of the total crude requirements.

      6 December 2019

    • OMCs keep diesel prices constant in the country

      The rates of diesel were kept constant for the second consecutive day on Monday. State-owned Oil Marketing Companies (OMCS) after the daily revision in the prices on Monday charged Rs.66.46 for a litre of diesel in the national capital. In the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai a litre of diesel were retailed for Rs.69.66, Rs.68.82, and Rs.70.20 respectively.

      Consumers residing in non-metropolitan cities like Noida and Gurugram were required to pay Rs.66.72 and Rs.65.66 for a litre. The price of diesel is the cheapest in the national capital among all metropolitan cities and state capitals due to lower taxes. It needs to be mentioned here that since the start of October diesel prices have been on the decline in the country.

      In the international oil market, the prices of crude oil remained stable on Monday owing to renewed geopolitical tensions in the Middle East. The futures of Brent crude oil were up by 9% since the last close.

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

      15 October 2019

    • Diesel Rates Decline, Petrol Remains Unchanged Today

      State-run Oil Marketing Companies (OMCs) cut diesel prices by 6 to 11 paise per litre today, while kept petrol prices stagnant across major metro cities of the country. In Delhi, petrol costs Rs.72.90 per litre, no revision compared to yesterday’s price, while diesel costs Rs.66.24 per litre compared to yesterday’s price of Rs.66.34 per litre, down by 10 paise. Yesterday, OMCs reduced diesel prices by 11 to 16 paise per litre but chose to keep petrol rates unchanged across the country. Also, the retail price of petrol and diesel petrol pump prices in Delhi are the lowest among all major metros due to lower taxes.

      In Mumbai, petrol is being sold at Rs.78.52 a litre, no change compared to yesterday’s price while diesel is being sold at Rs.69.43 per litre, down by 10 paise. In Kolkata, petrol is being retailed at Rs.75.12 per litre and diesel was being sold at Rs.68.31 per litre, down by 6 paise. In Chennai, petrol costs Rs.75.70 a litre and diesel costs Rs.69.96 per litre compared to yesterday’s rate of Rs.70.07 per litre, down by 11 paise. In Gurugram, petrol is available at Rs.72.75 per litre, no revision compared to yesterday’s price, while diesel costs Rs.65.43 per litre, down by 9 paise compared to yesterday’s price of Rs.65.52 a litre. In Noida, petrol costs Rs.72.23 per litre and diesel costs Rs.65.34 per litre, down by 8 paise as against yesterday’s price of Rs.65.42 a litre. On Friday, crude oil prices in the international market inclined as US oil producers in the Gulf of Mexico cut more than half their production amid a tropical storm. International benchmark Brent crude futures were trading at $66.81 per barrel, inclining by 29 cents or 0.4% compared to its previous close.

      15 July 2019

    • Petrol Prices Kept Unchanged for Second Consecutive Day

      Oil Marketing Companies on Tuesday kept the rates of petrol unchanged. This was the second consecutive day when the prices were not hiked or slashed. In the national capital i.e., New Delhi every litre of petrol was retailed for Rs.69.93. In Mumbai, consumers were required to shell out Rs.75.63 for one litre of petrol. In the other two metropolitan cities of the country i.e., Kolkata and Chennai state-run OMCs charged Rs.72.19 and Rs.72.64 respectively. In non-metropolitan cities of the country like Noida and Gurugram, every litre of petrol was retailed for Rs.69.94 and Rs.70.46 respectively.

      In the international oil market, crude prices dropped on Tuesday after more indications emerged that global economic growth is being hit by US-China trade tensions. The futures of Brent crude oil were down by 16 cents or 0.3% since their last close to be trading at $60.78 per barrel. The prices of petrol have fallen by Rs.1.69 per litre this month. The rates have been on a downward trend since May 29. It needs to be mentioned that the rates charged for fuel in the country are dependent on global crude prices and the value of rupee against the US dollar.

      20 June 2019

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

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