Diesel Price In Kerala Today

  • Today's Diesel Price (29 Nov 2022)

    ₹ 96.51
    Current Diesel Price Per Liter

    Compare Diesel Price in Kerala (Today & Yesterday)

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    Diesel ( / litre) ₹ 96.51 ₹ 96.51 ₹ 0 ↑

    Diesel Price in Kerala - Last 10 Days Data

    Date Diesel ( / litre)
    29 Nov 2022 ₹ 96.51
    28 Nov 2022 ₹ 96.51
    27 Nov 2022 ₹ 96.51
    26 Nov 2022 ₹ 96.51
    25 Nov 2022 ₹ 96.51
    24 Nov 2022 ₹ 96.51
    23 Nov 2022 ₹ 96.51
    22 Nov 2022 ₹ 96.51
    21 Nov 2022 ₹ 96.51
    20 Nov 2022 ₹ 96.51

    Diesel Rate Trend

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    Diesel Price in Kerala

    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 October 2022 (rates per litre)

    Parameters Rates/litre
    1st October Rs.96.51
    31st October Rs.96.51
    Highest Rate in October Rs.96.51 from 1 to 31 October
    Lowest Rate in October Rs.96.51 from 1 to 31 October
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Kerala for October 2022:

    • Diesel prices opened the month of October standing at the rate of Rs.96.51 per litre in Kerala. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of October in Kerala.
    • In Kerala, the last week of October closed with the price of the fuel standing at the rate of Rs.96.51 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Kerala.

    Trend of Diesel Price in Kerala for September 2022 (rates per litre)

    Parameters Rates/litre
    1st September Rs.96.51
    30th September Rs.96.51
    Highest Rate in September Rs.96.51 from 1 to 30 September
    Lowest Rate in September Rs.96.51 from 1 to 30 September
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Kerala for September 2022:

    • Diesel prices opened the month of September standing at the rate of Rs.96.51 per litre in Kerala. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of September in Kerala.
    • In Kerala, the last week of September closed with the price of the fuel standing at the rate of Rs.96.51 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Kerala.

    Trend of Diesel Price in Kerala for August 2022 (rates per litre)

    Parameters Rates/litre
    1st August Rs.96.51
    31st August Rs.96.51
    Highest Rate in August Rs.96.51 from 1 to 31 August
    Lowest Rate in August Rs.96.51 from 1 to 31 August
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Kerala for August 2022:

    • Diesel prices opened the month of August standing at the rate of Rs.96.51 per litre in Kerala. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of August in Kerala.
    • In Kerala, the last week of August closed with the price of the fuel standing at the rate of Rs.96.51 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Kerala.

    Trend of Diesel Price in Kerala for July 2022 (rates per litre)

    Parameters Rates/litre
    1st July Rs.96.51
    31st July Rs.96.51
    Highest Rate in July Rs.96.51 from 1 to 31 July
    Lowest Rate in July Rs.96.51 from 1 to 31 July
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Kerala for July 2022:

    • Diesel prices opened the month of July standing at the rate of Rs.96.51 per litre in Kerala. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of July in Kerala.
    • In Kerala, the last week of July closed with the price of the fuel standing at the rate of Rs.96.51 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Kerala.

    Trend of Diesel Price in Kerala for June 2022 (rates per litre)

    Parameters Rates/litre
    1st June Rs.96.51
    30th June Rs.96.51
    Highest Rate in June Rs.96.51 from 1 to 30 June
    Lowest Rate in June Rs.96.51 from 1 to 30 June
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Kerala for June 2022:

    • Diesel prices opened the month of June standing at the rate of Rs.96.51 per litre in Kerala. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of June in Kerala.
    • In Kerala, the last week of June closed with the price of the fuel standing at the rate of Rs.96.51 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Kerala.

    Trend of Diesel Price in Kerala for May 2022 (rates per litre)

    Parameters Rates/litre
    1st May Rs.103.95
    31st May Rs.96.51
    Highest Rate in May Rs.103.95 on 1 May
    Lowest Rate in May Rs.96.51 from 22 to 31 May
    Overall Performance Decline
    Percentage Change -7.16%

    Monthly Diesel Price Trend in Kerala for May 2022:

    • Diesel price in Kerala opened the month of May standing at the rate of Rs.103.95 per litre.
    • The highest diesel rate was recorded on 1 May wherein a litre of diesel was being traded at the rate of Rs.103.95. The lowest price of diesel was recorded from 22 to 31 May when it stood at the rate of Rs.96.51 per litre.
    • In Kerala, the month of May closed with the price of the fuel standing at the rate of Rs.96.51 per litre. There was an overall declining trend of -7.16% in the performance of diesel price in Kerala.

    Trend of Diesel Price in Kerala for April 2022 (rates per litre)

    Parameters Rates/litre
    1st April Rs.100.14
    30th April Rs.103.95
    Highest Rate in April Rs.103.95 on 30 April
    Lowest Rate in April Rs.100.14 on 1 April
    Overall Performance Incline
    Percentage Change 3.80%

    Monthly Diesel Price Trend in Kerala for April 2022:

    • Diesel price in Kerala opened the month of April standing at the rate of Rs.100.14 per litre.
    • The highest diesel rate was recorded on 30 April wherein a litre of diesel was being traded at the rate of Rs.103.95. The lowest price of diesel was recorded on 1 April when it stood at the rate of Rs.100.14 per litre.
    • In Kerala, the month of April closed with the price of the fuel standing at the rate of Rs.103.95 per litre. There was an overall inclining trend of 3.80% in the performance of diesel price in Kerala.

    Trend of Diesel Price in Kerala for March 2022 (rates per litre)

    Parameters Rates/litre
    1st March Rs.93.46
    31st March Rs.100.14
    Highest Rate in March Rs.100.14 on 31 March
    Lowest Rate in March Rs.93.46 from 1 March to 21 March
    Overall Performance Incline
    Percentage Change 7.15%

    Monthly Diesel Price Trend in Kerala for March 2022:

    • Diesel price in Kerala opened the month of March standing at the rate of Rs.93.46 per litre. After being stable for weeks, the fuel price witnessed a hike on 22 March.
    • The highest diesel rate was recorded on 31 March wherein a litre of diesel was being traded at the rate of Rs.100.14. The lowest price of diesel was recorded from 1 to 21 March when it stood at the rate of Rs.93.46 per litre.
    • In Kerala, the month of March closed with the price of the fuel standing at the rate of Rs.100.14 per litre. There was an overall inclining trend of 7.15% in the performance of diesel price in Kerala.

    Trend of Diesel Price in Kerala for February 2022 (rates per litre)

    Parameters Rates/litre
    1st February Rs.93.46
    28th February Rs.93.46
    Highest Rate in February Rs.93.46
    Lowest Rate in February Rs.93.46
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Kerala for February 2022:

    • The price of diesel in Kerala opened the month of February standing at the rate of Rs.93.46 per litre. There were no fluctuations or changes in the price of the fuel when compared to the closing price of the previous month.
    • The price of the fuel stood steady in Kerala during the month. In the month of February, the price of the fuel was unaltered, witnessed no fluctuations, and was trading at the rate of Rs.93.46 per litre.
    • Diesel closed the month of February while being traded at the rate of Rs.93.46 per litre. The overall performance of the fuel witnessed a stability during the month of February in Kerala.

    Trend of Diesel Price in Kerala for January 2022 (rates per litre)

    Parameters Rates/litre
    1st January Rs.93.46
    31st January Rs.93.46
    Highest Rate in January Rs.93.46
    Lowest Rate in January Rs.93.46
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Kerala for January 2022:

    • At the start of January, diesel price in Kerala was Rs.93.46 per litre. When compared to December’s closing price, there was no change in the price of the fuel.
    • The price of diesel remained stagnant over the opening month of 2022 with oil companies deciding against changing the rates.
    • Diesel’s overall performance remained stable in the southern state of the country.

    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.

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