Diesel Price In Mumbai Today

  • Today's Diesel Price ( 17 Jan 2021 )

    ₹ 81.6
    Current Diesel Price Per Liter

    Compare Diesel Price in Mumbai (Today & Yesterday)

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    Diesel ( / litre) ₹ 81.6 ₹ 81.6 ₹ 0 ↑

    Diesel Price in Mumbai - Last 10 Days Data

    Date Diesel ( / litre)
    16 Jan 2021 ₹ 81.6
    15 Jan 2021 ₹ 81.6
    14 Jan 2021 ₹ 81.6
    13 Jan 2021 ₹ 81.34
    12 Jan 2021 ₹ 81.07
    11 Jan 2021 ₹ 81.07
    10 Jan 2021 ₹ 81.07
    09 Jan 2021 ₹ 81.05
    08 Jan 2021 ₹ 81.07
    07 Jan 2021 ₹ 81.07

    Diesel Rate Trend

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    • 6 Months

    Diesel Rate in Mumbai

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

    Parameters Rates/litre
    1st December Rs.78.97
    31st December Rs.80.47
    Highest Rate in December Rs.80.51 on 7th, 8th, 12th through 28th December
    Lowest Rate in December Rs.78.97 on 1st December
    Overall Performance Incline
    Percentage Change 1.90%

    Monthly Diesel Price Trend in Mumbai for December 2020:

    • In Mumbai, the price of diesel opened at the rate of Rs.78.97 per litre. When compared to the closing rate of the fuel for the month of November, there was no change in the price of the liquid gold in Mumbai.
    • Diesel price in Mumbai inclined during the first few days of the month followed by which it was quite steady. The fuel recorded its highest price for the month on 7th and 8th December after which it stood at that price point between 12th December and 28th December. During this period, the price stood at the rate of Rs.80.51 per litre. The lowest price was recorded on 1st December wherein a litre of diesel was retailing at the rate of Rs.78.97 per litre.
    • The overall performance of the fuel witnessed an inclining trend in Mumbai with the percentage change witnessing an incline of 1.90%.

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

    Parameters Rates/litre
    1st November Rs.76.86
    30th November Rs.78.97
    Highest Rate in November Rs.78.97 on 29th and 30th November
    Lowest Rate in November Rs.82.59 between 1st to 12th November
    Overall Performance Incline
    Percentage Change 2.75%

    Monthly Diesel Price Trend in Mumbai for November 2020:

    • In Mumbai, the price of diesel opened at the rate of Rs.76.86 per litre. There was an inclining trend in the price of the fuel over the month with gradual fluctuations.
    • Diesel price in Mumbai was steady from the beginning of the month till the 12th of November with a slight increase on 7th November. This was also the time when the lowest price of the fuel was recorded for the month. The retail price of diesel during this time was Rs.76.86 for a litre. The fuel recorded its highest price for the month on 29th and 30th November wherein it stood at the rate of Rs.82.59 per litre.
    • The overall performance of the fuel witnessed an inclining trend in Mumbai with the percentage change standing at 2.75%.

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

    Parameters Rates/litre
    1st October Rs.77.04
    31st October Rs.76.86
    Highest Rate in October Rs.77.04
    Lowest Rate in October Rs.76.86
    Overall Performance Decline
    Percentage Change -0.23%

    Monthly Diesel Price Trend in Mumbai for October 2020:

    • Diesel price in Mumbai opened the month of October at Rs.77.04 per litre. This was the highest recorded price of diesel for the month in the commercial capital of the country. When compared to the closing price of the previous month, there was no change in the rates.
    • The price of the fuel slipped in the city and recorded its lowest price for the month on 3rd October when a litre was retailed for Rs.76.86. Over the month, diesel price didn’t see much change and kept fluctuating between Rs.76.86 and Rs.76.90.
    • Diesel closed the month at Rs.76.86 per litre with the overall performance witnessing a declining trend. The percentage change recorded in the rates stood at -0.23%.

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

    Parameters Rates/litre
    1st September Rs.80.17
    30th September Rs.77.04
    Highest Rate in September Rs.80.17
    Lowest Rate in September Rs.76.69
    Overall Performance Decline
    Percentage Change -3.90%

    Monthly Diesel Price Trend in Mumbai for September 2020:

    • In Mumbai, diesel opened the month of September at Rs.80.17 per litre. The price of the fuel saw no change in the rates when compared to the closing price of the previous month. The opening price of the fuel was the highest for the month.
    • Diesel price in Mumbai slipped to its lowest for the month on 7th of September when a litre was retailed for Rs.76.69 in the commercial capital.
    • While the price of diesel recovered the next day, the rates slipped gradually over the month and closed at Rs.77.04. The overall performance witnessed a declining trend in the rates with the percentage change being -3.90%.

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

    Parameters Rates/litre
    1st August Rs.80.11
    31st August Rs.80.17
    Highest Rate in August Rs.80.17 on 10, 11, 15, 16 August and so on
    Lowest Rate in August Rs.80.11 from 1 to 9, 12 to 14, 17 to 21 August and so on
    Overall Performance Incline
    Percentage Change 0.07%

    Monthly Diesel Price Trend in Mumbai for August 2020:

    • In Mumbai, the month of August opened with the price of diesel being traded at the rate of Rs.80.11 per litre. The prices were steady at Rs.80.11 till 9 August before it saw a rise of Re.0.06 per litre.
    • During the month the lowest price of the fuel which was recorded was Rs.80.11 per litre. This was recorded from 1 to 9 August, 12 to 14 August, 17 to 21 August, 24, 25, and 27 August.
    • The highest price of the fuel was recorded on different days between 10 and 31 August. During these days, petrol was being traded at the rate of Rs.80.17 per litre.
    • The month of August came to a close with the price of petrol standing at the rate of Rs.80.17 per litre. During the month, the overall performance of the fuel witnessed an incline of 0.07%.

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

    Parameters Rates/litre
    1st July Rs.78.83
    31st July Rs.80.11
    Highest Rate in July Rs.80.17 on 26, 27 and 28 July
    Lowest Rate in July Rs.78.81 on 4, 5 and 6 July
    Overall Performance Incline
    Percentage Change 1.62%

    Monthly Diesel Price Trend in Mumbai for July 2020:

    • Diesel price in Mumbai at the start of July was Rs.78.83 per litre. Compared to the price charged on the final day of the previous week, the rates of the fuel didn’t see any change in the city.
    • The price of diesel remained unchanged in the city for the next two days before recording a minimal drop. The decline in diesel rates saw the fuel recorded its lowest price for the month with a litre costing Rs.78.81 per litre.
    • Diesel rates climbed in the metropolitan city over the next three weeks and recorded its highest price for the month on 26th July when a litre was retailed for Rs.80.17. The fuel closed the month at Rs.80.11 per litre after recording a drop of 6 paise. The overall performance witnessed an inclining trend with the percentage change being 1.62%.

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

    Parameters Rates/litre
    1st June Rs.68.21
    30th June Rs.78.83
    Highest Rate in June Rs.78.83
    Lowest Rate in June Rs.68.21
    Overall Performance Incline
    Percentage Change 15.60%

    Monthly Diesel Price Trend in Mumbai for June 2020:

    • In the month of June 2020, diesel opened at the rate of Rs.68.21 per litre in the city of Mumbai. When compared to the closing price of the previous month, there was an increase of Rs.2.00 per litre in the rates of the fuel.
    • Over the month, the rates of the fuel witnessed an increasing trend in the city. The fuel recorded its highest price for the month on the 29th and 30th of June wherein it stood at the rate of Rs.78.83 per litre. The lowest price for the month was recorded in the state on the first 4 days when the fuel faired at the rate of Rs.68.21.
    • The rates witnessed a steady hike in Mumbai over the month of June. The percentage change in the overall performance of the fuel was 15.60%.

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

    Parameters Rates/litre
    1st May Rs.66.21
    31st May Rs.66.21
    Highest Rate in May Rs.66.21
    Lowest Rate in May Rs.65.19
    Overall Performance Stable
    Percentage Change 0

    Monthly Diesel Price Trend in Mumbai for May 2020:

    • A litre of diesel was priced at Rs.66.21 on 1st of May in the commercial capital of the country. There was no change in the rates of the fuel when compared to what was charged on the final day of the previous month.
    • The rates remained unchanged for major part of the month in the city. There was a minimal decrease of 2 paise in the rates on 28th May. This was the lowest recorded price of the fuel for the month in Mumbai.
    • Petrol prices recovered the following day and remained stagnant till the end of the month. The fuel closed the month at Rs.66.21 per litre in the metropolitan city. No percentage change was witnessed as the overall performance of diesel remained stable.

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

    Parameters Rates/litre
    1st April Rs.65.19
    30th April Rs.66.21
    Highest Rate in April Rs.66.21
    Lowest Rate in April Rs.65.19
    Overall Performance Incline
    Percentage Change 1.56%

    Monthly Diesel Price Trend in Mumbai for April 2020:

    • In Mumbai, diesel price stood at Rs.65.19 per litre at the start of the month of April. This was the lowest recorded price of the fuel for the month. Compared to the closing price of the previous month, there was no change in the rates.
    • The rates of diesel climbed to Rs.66.21 per litre in the commercial capital on 6th April after the rates were increased by Rs.1.02 for a litre. This was the highest recorded price of the fuel for the month of April.
    • There was no change in the rates of diesel following that in the metropolitan city as Oil Marketing Companies (OMCs) decided against changing the prices. The fuel closed the month at the same price with the overall performance showing an incline of 1.56% in the prices.

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

    Parameters Rates/litre
    1st March Rs.67.32
    31st March Rs.65.19
    Highest Rate in March Rs.67.32
    Lowest Rate in March Rs.65.19
    Overall Performance Decline
    Percentage Change -3.16%

    Monthly Diesel Price Trend in Mumbai for March 2020:

    • Diesel price in Mumbai stood at Rs.67.32 per litre at the start of the month of March. There was drop of 24 paise in the rates when compared to the previous month’s closing price. Over the month, diesel prices slipped considerably due to a variety of issues such as weak demand, lockdown etc. and witnessed a declining trend.
    • The opening price of the fuel was the highest recorded price for the month. Over the next two weeks, diesel prices for every litre declined by around 2 rupees. A litre cost Rs.65.19 on 16th March. This was the lowest recorded price of the fuel for the month in the commercial capital.
    • In Mumbai, diesel saw a decline of 3.16% in the prices over the month. This was accounted to decline in international oil prices given the outbreak of coronavirus across the world.

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

    Parameters Rates/litre
    1st February Rs.69.41
    29th February Rs.67.56
    Highest Rate in February Rs.69.41
    Lowest Rate in February Rs.67.56
    Overall Performance Decline
    Percentage Change -2.66%

    Monthly Diesel Price Trend in Mumbai for February 2020:

    • Diesel price in Mumbai stood at Rs.69.41 per litre on 1st February. Compared to the previous month’s closing price, the rates charged saw a decline of 12 paise. The opening price was the highest recorded price of the fuel for the month.
    • Given the increase in the number of Coronavirus cases across the world and the demand for fuel taking a hit, the prices slipped in the commercial capital. A litre of diesel was retailed for Rs.67.71 on 18 February.
    • The rates closed the month at Rs.67.56 per litre. This was the lowest recorded price in Mumbai for the month of February. Diesel’s overall performance showed a decline of 2.66% in the prices.

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

    Parameters Rates/litre
    1st January Rs.71.29
    31st January Rs.69.53
    Highest Rate in January Rs.72.59
    Lowest Rate in January Rs.69.53
    Overall Performance Decline
    Percentage Change -2.46%

    Monthly Diesel Price Trend in Mumbai for January 2020:

    • Diesel price in Mumbai opened the month of January at Rs.71.29 per litre. Compared to the previous month’s closing price, there was no change in the rates charged by Oil Marketing Companies (OMCs) for a litre of the fuel.
    • Over the month, the rates of diesel slipped in the commercial capital of the country. The drop in the accounted to various reasons like tensions in the Middle East, outbreak of coronavirus in China etc.
    • Diesel recorded its highest and lowest price for the month in Mumbai on 11 and 31 January with every litre costing Rs.72.59 and Rs.69.53 respectively. The lowest recorded price for the fuel in Mumbai was also the closing price for the opening month of 2020.
    • The overall performance of diesel in the metropolitan city showed a declining trend over the month with the percentage change being -2.46%.

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

    Parameters Rates/litre
    1st December Rs.68.94
    31st December Rs.71.29
    Highest Rate in December Rs.71.29
    Lowest Rate in December Rs.68.94
    Overall Performance Incline
    Percentage Change 3.41%

    Monthly Diesel Price Trend in Mumbai for December 2019:

    • The price of diesel opened at the rate of Rs.68.94 per litre for the month of December 2019 in Mumbai. There was a significant increase in the same by the end of the month.
    • The increase in the rate of the fuel was mainly due to the increase in the price of crude oil in the international market. With the expectations from the Washington-Beijing trade deals, the price of the oil was affected further. During the year of 2019, there was an overall increase of 24% in the Brent crude price.
    • The month of December 2019 ended with the diesel price in Mumbai standing at Rs.71.29 per litre. This is the highest recorded price for the month. There was an overall incline of 3.41% in the price of the fuel.

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

    Parameters Rates/litre
    1st November Rs.68.96
    30th November Rs.68.94
    Highest Rate in November Rs.69.08
    Lowest Rate in November Rs.68.91
    Overall Performance Decline
    Percentage Change -0.02%

    Monthly Diesel Price Trend in Mumbai for November 2019:

    • Diesel price in Mumbai stood at Rs.68.96 per litre on the 1st of November, 11 paise lower than the previous day’s closing price.
    • Diesel prices fluctuated in the second week, with the oil closing at Rs.68.95 per litre.
    • After staying stable for the next few days, prices soared again, recording Rs.69 per litre.
    • However, in the final week, diesel dipped again closing at Rs.68.94 per litre. Overall performance of diesel was -0.02%, trending downwards.

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

    Parameters Rates/litre
    1st October Rs.70.81
    31st October Rs.69.07
    Highest Rate in October Rs.70.81
    Lowest Rate in October Rs.69.07
    Overall Performance Decline
    Percentage Change -2.45%

    Monthly Diesel Price Trend in Mumbai for October 2019:

    • Diesel price in Mumbai stood at Rs.70.81 per litre on the 1st of October, its highest recorded price for the month.
    • Diesel prices dropped amidst global economic crisis and closed the second week at Rs.69.72 per litre.
    • Prices slumped further in the third week with the oil closing at Rs.69.41 per litre.
    • Diesel rate in Mumbai closed the month at Rs.69.07 per litre, its lowest recorded price for the month of October. In the international oil market, oil prices took a hit due to an unprecedented rise in US inventories and the looming economic slump. The overall performance of diesel in Mumbai was -2.45%, trending downwards.

    Trend of Diesel Price in Mumbai for September 2019 (rates per litre)

    Parameters Rates/litre
    1st September  Rs.68.28
    30th September Rs.70.62
    Highest Rate in September Rs.70.62
    Lowest Rate in September Rs.68.24
    Overall Performance Incline
    Percentage Change 3.27%

    September - Week 1 (1-7):

    • Diesel prices in Mumbai opened at Rs.68.28 per litre for the month of September. The prices were kept unchanged from the previous day due to soft demand for the fuel.
    • The rates stayed constant for the next three days before slipping by 2 paise on 5 September to Rs.68.26 per litre. Crude oil prices in the international oil market climbed after the United States confirmed of trade talks with China in the coming months.
    • Petrol prices slid further on 6 and 7 September to close the week at Rs.68.24 per litre. The overall performance of diesel in Mumbai for the first week of September was -0.05%.

    September – Week 2 (8-14) :

    • Diesel price in Mumbai opened at Rs.68.24 per litre in Mumbai on the 8th of September—unchanged from the previous day’s closing price. It’s also the lowest recorded price of diesel in Mumbai for the month of September. Meanwhile, in the international oil industry, crude futures dropped after participants reduced positions due to a weak trend in global markets.
    • The Price of diesel remained unchanged for a day before rising again on the 10th of September. The hike in prices was primarily due to a sharp drop in US inventories.
    • Diesel rose sharply in the next few days, closing the week at Rs.68.54 per litre. The overall performance of diesel was 0.21% and going by the current trend, it’s safe to say that diesel’s going to witness a fair hike in the coming days.

    September - Week 3 (15-21) :

    • Diesel price in Mumbai opened at Rs.68.60 per litre on the 15th of September—6 paise higher than the previous day’s closing price.
    • After staying stable for a day, diesel rate in Mumbai rose by 16 paise, recording Rs.68.76 per litre on 17 September. Meanwhile, in the international market prices slid after Saudi Arabia’s energy minister stated the kingdom will restore lost oil production by the end of the month.
    • Price of diesel in Mumbai closed the week at Rs.69.77 per litre, its highest recorded price in the month of September. The substantial increase in petrol prices was primarily due to last week’s drone attack on Saudi Arabia’s Aramco oil refinery. The overall performance of petrol was 2.03%, trending upwards.

    September - Week 4 (22-30) :

    • Diesel rate opened at Rs.69.99 per litre in Mumbai on the 22nd of September—22 paise higher than the previous day’s closing price.
    • Diesel price in Mumbai kept soaring, recording, Rs.70.52 per litre on the 27th of September.
    • Diesel in Mumbai closed the week at Rs.70.62 per litre, its highest recorded price in the month of September. The substantial increase in diesel prices were primarily due to the ongoing tension between Iran and US. The overall performance of diesel was 3.27%, trending upwards.

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

    Parameters Rates/litre
    1st August Rs.69.22
    31st August Rs.68.23
    Highest Rate in August Rs.69.22
    Lowest Rate in August Rs.68.23
    Overall Performance Decline
    Percentage Change -1.43%

    August 2019 – Week 1 (1-7):

    • Diesel price in Mumbai opened at Rs.69.22 per litre on 1 August, its highest recorded price of the week. State-run oil marketing companies decided not to alter the rates of diesel in spite of weak demand of crude in the international market. Meanwhile, in the international crude oil market, crude prices dropped after the US Federal Reserve squashed the chances of possible rate cuts. However, the petrol witnessed a massive drop in its price.
    • Diesel remained unchanged for the next couple of days, before dropping to Rs.69.16 per litre. Meanwhile, in the international market, crude prices fell amid worries over weaker demand after the Trump administration said it would impose tariffs on more Chinese imports.
    • Diesel closed the week at Rs.69.16 per litre, its lowest recorded price till now in the month of August. The overall decline in diesel price in Mumbai recorded in the first week of August is -0.08%. In the international oil market, crude price dropped owing to US-China trade tensions.

    August 2019 – Week 2 (8-14):

    • Diesel in Mumbai opened at Rs.69.05 per litre on the second week of August, recording an 11 paise drop from previous day’s closing price.
    • Diesel slumped further by 14 paise on the next day, standing at Rs.68.91 per litre. The dip was primarily due to the ongoing US-China trade tension, fuelled further by Trump administration’s decision to impose more tariffs on Chinese imports.
    • Diesel price in Mumbai dropped slightly in the next few days before stabilising at Rs.68.57 per litre. The overall performance compared to the opening day was -0.93% (decline). Meanwhile, in the international oil market, crude prices dropped due to possible supply cuts amidst looming global economic crisis.

    August 2019 – Week 3 (15-21):

    • Diesel in Mumbai opened at Rs.68.57 per litre, unchanged from previous day’s closing price.
    • Diesel slumped to Rs.68.30 per litre on 19 August. The drop was primarily due to weak demand of the oil in the local market.
    • Diesel slumped further before stabilising at Rs.68.23 per litre. The overall performance of diesel in Mumbai was -1.43%, trending downwards. Meanwhile, in the international market, crude gained after a drop in US inventories. However, the gains were not that great due to concerns pertaining to global economic slowdown.

    August 2019 – Week 4 (22-31):

    • Diesel price in Mumbai opened at Rs.68.23 per litre on 22nd August, unchanged from previous day’s closing price. After staying stable for the next few days, diesel prices shot up, recording Rs.68.48 per litre on 26th August. In the international oil market, crude gained after slump in US inventories.
    • Diesel rate slumped soon after, closing the month at Rs.68.38 per litre. In the international market, crude suffered due to concerns about the strength of the US economy.
    • The overall performance of diesel in Mumbai was -1.21%, trending downwards.

    Also Check Diesel Price in Metro Cities

    Trend of Diesel Price in Mumbai for July 2019 (rates per litre)

    Parameters Rates/litre
    1st July Rs.67.39
    28th July Rs.69.41
    Highest Rate in July Rs.69.95 on 7 July
    Lowest Rate in July Rs.67.39 on 1 July
    Overall Performance Incline
    Percentage Change 2.99%

    July 2019 – Week 1 (1-7):

    • Diesel price in Mumbai stood at Rs.67.29 per litre on 1 July. This marked a slight increase in price than the previous day’s closing rate. The hike was majorly due to oil marketing companies’ decision to revise the rates.
    • The prices further increased on the second day by Rs.0.06 per litre, thereby trending at Rs.67.45 per litre on 2 July. Again, the increase in momentum was primarily due to the revised rates as implemented by the oil marketing companies. The prices remained unchanged for the next few days until 6 July.
    • Diesel price in Mumabi witnessed another major hike on 7 July and closed the week at Rs.69.95 per litre. The major surge was primarily due to the hike in excise duty and cess on road and infrastructure—a move announced by the Indian Government during Budget 2019.

    July 2019 – Week 2 (8-14):

    • The diesel price in Mumbai on 8 July stood at Rs.69.85 per litre – the highest price recorded during the week after the Central Government, in its 2019 Budget, increases excise duty on petrol and diesel by Rs.2 per litre to fund its social welfare schemes, and road and infrastructure.
    • Prices continued to decline during the week amid decline in crude oil prices in the international oil market after the OPEC and its allies continued to cut production to keep prices of crude stable despite the tensions in the Middle East and the ongoing trade war between the US and China.
    • By the end of the week, diesel prices in Mumbai fell by 0.53% primarily due to the decline in crude oil prices in the global market due to supply cuts led by the OPEC.

    July 2019 – Week 3 (15-21):

    • Diesel was priced at Rs.69.48 per litre when the week began, this was also the lowest diesel price in Mumbai recorded during the week amid a slight decline in crude oil prices after China announced the slowest quarterly economic growth in 27 years signalling a weak demand from China.
    • Oil Marketing Companies (OMCs) kept diesel priced in unchanged during the entire week despite rising crude oil prices in the market amid escalating tensions in the Middle East and the trade war between the US and China which could impact the global economy.
    • Crude oil prices continued to rise amid tensions in the Middle East after the US shot down an Iranian drone and the slowdown of the Chinese economy prompting a decline in demand from the world’s largest crude oil importer.

    July 2019 – Week 3 (15-21):

    • Diesel price in Mumbai on 22 July stood at Rs.69.48 per litre, the highest price recorded during the week and remained unchanged until 24 July primarily due to lack in demand for crude oil in the international market amid escalating tensions in the Middle East.
    • On 25 July, prices of diesel were reduced by 7 paise per litre to be sold at Rs.69.41 a litre despite an increase in crude oil prices amid declining US inventories and after the US said that it may have shot down another Iranian drone.
    • By the end of the week, diesel prices in Mumbai declined as crude oil prices were down amid possible decline in demand for oil. Additionally, Goldman Sachs had earlier cut its 2019 oil demand projection, thereby lowering the demand for crude oil in the international market.

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

    Parameters Rates /litre
    2nd June Rs.77.16
    30th June Rs.76.04
    Highest Rate in June Rs.77.16
    Lowest Rate in June Rs.75.60
    Overall Performance Decline-to-rise
    Percentage Change -1.45%

    June 2019 – Week 1 (2-8):

    • On 2 June 2019, diesel price in Mumbai stood at Rs.77.16 per litre, down by 15 paise compared to 31 May.
    • The fuel’s price fell consistently in the week, closing at Rs.76.60 per litre on 8 June, down 56 paise, or 0.73% from 2 June.
    • The initial days of the week saw a decrease in crude oil prices globally, but they became stable as the week ended. This boosted the dip in diesel cost across India.

    June 2019 – Week 2 (9-15):

    • Mumbai diesel price in Mumbai were at Rs.76.60 per litre on 9 June and closed 94 paise lower at Rs.75.66 on 15 June.
    • This 1.23% fall happened because of stable crude oil prices amid prospects that the Organisation of Petroleum Exporting Countries (OPEC) will hold back supplies. With economies across the world expected to slow down in the next few months, diesel demand is on a downtrend.

    June 2019 – Week 3 (16-22):

    • diesel price in Mumbai held steady at Rs.75.60 in the third week of June.
    • However, crude oil saw a downtrend in prices, as investors were cautious about the impact that US-China trade friction will have on global economic growth.

    June 2019 – Week 4 (23-30):

    • Starting at Rs.75.60 on 23 June, Mumbai diesel prices rose to Rs.76.04 on 30 June. This was a rise of 44 paise (0.58%).
    • June’s overall price movement for diesel was a decline of 1.45%.
    • Even as the G20 summit was on and the OPEC was meeting with other oil producers, crude oil prices fell at the opening of the week. But by 26 June, they started rising as US stockpile of crude was found to be less than estimated.

    Diesel is an important fuel for the development of an economy. It offers a huge array of efficiency, performance, and security features. The fuel also has a greater energy compactness compared to other fuels. Diesel is used everywhere, right from transportation, construction, and industrial production. Needless to say, Mumbai, the capital city of Maharashtra, is the largest consumer of diesel with a big number of diesel-run vehicles. The industrial production and construction sectors are growing briskly and, as a result, diesel is in high demand in the city.

    A retail or an institutional diesel consumer somebody like you from Mumbai would want to know the mechanism used to fix the price of diesel, the price breakup of diesel, and the forces impacting the price of diesel. What do you think about the Goods and Services Tax (GST)? Whether or not the GST affects diesel rates. Besides, there are many news around diesel this fiscal year. Have you observed? The following sections will discuss each of these aspects in detail:

    Also Check: Diesel Price in Naded

    Trend in Diesel Price in Mumbai

    Diesel rates in Mumbai were moving in an upward direction since 16 June 2017 until 3 October 2017. The current rate is Rs.60.55. It fell by Rs.2.27 since the central government cut the excise duty by Rs.2 on diesel. Let’s analyse prices month by month:

    Rates have grown by 2.96% in September. The highest rate was Rs.62.58 whereas the lowest Rs.60.68. In August, the lowest price was Rs.59.04 whereas the highest Rs.60.96. Prices have increased by 2.57% for the entire month. On the opening day of July, diesel was priced at Rs.58.53 and at Rs.59.08 on the closing day. Rates were up by Rs.0.76 for the complete month.

    Diesel Rates in Mumbai and other Prime Towns

    After cutting the central excise duty, diesel has become cheaper across all metro cities of India. Needless to say, diesel and petrol rates in the capital city of Maharashtra are comparatively more. Prices are expected to be stable over the next month.

    What is the Mechanism for Revising Diesel Price in Mumbai?

    The fortnightly-based revision has now been replaced by the daily revision since 16th June 2017. All diesel outlets in the city will update fuel prices on a day-to-day basis. Diesel is priced based on two important considerations: 1) the performance of crude oil in overseas markets and 2) the performance of the Indian currency against the currency of the United States of America.

    Neither the central government nor the state government has no scope to influence the pricing of diesel under the new system. Fuel consumers shall now pay the rates, which are determined by two factors mentioned in the previous section. The move is beneficial for consumers and dealers as well. In fact, the daily revision is being practiced by two major economies of the world: 1) the United States of America and 2) Australia.

    Also Check: Diesel Price in Maharashtra

    The move not only entrusts transparency in fuel pricing but also fosters the best stock management practices. Since all oil marketing companies are practicing the daily revision, they have framed a few customer-friendly recipes to track the recent updates. For instance, customers can send a text message or dial the customer care number requesting for current rates.

    How are Diesel Prices in Mumbai Calculated?

    The cost of a litre of diesel in Mumbai is assessed by adding the cost price of crude oil (including freight charges), the cost of converting raw oil into diesel (called as the refinery transfer price), the element of tax imposed on diesel by the state and the central, the commission paid to dealers for supplying diesel from refinery centres, and pollution cess. These are various elements of the price structure of the fuel.

    The average price of oil is projected to be $52 for the current fiscal year. Projections are made by the United States (US) Energy Information Administration on a monthly basis. Diesel, as mentioned in the earlier section, is a widely used commodity and taxed by the state and the central. The tax component is subject to fluctuate. Currently, the government of Maharashtra levies 21% VAT on diesel.

    Refinery transfer price (RTP) is the cost incurred by oil marketing companies (OMCs) to convert unrefined oil into diesel. Oil marketing companies add their profit margin on the buying cost of crude oil and the cost of refineries. The commission, which is charged by dealers, is fixed per litre. It may change within the Mumbai city.

    Forces Affecting Diesel Price in Mumbai

    The retail selling price (RSP) of diesel in Mumbai, like any other cities in India, is impacted primarily by the cost price of crude oil, the exchange rate, and the tax component. On the other hand, the purchasing price of unrefined oil is affected by seasonal variations, weather reports, global demands, global political moves, overseas surpluses and supplies, and the currency conversion ratio.

    The Cost of Diesel will increase if:

    • The cost of crude oil increases.
    • The Indian currency deteriorates against the base currency (USD).
    • The central or the state increase the tax component on diesel.

    On the other hand, the Cost of Diesel will decrease if:

    • The cost of crude oil reduces.
    • The Indian currency bounces back against the base currency (USD).
    • The tax component is decreased by the state and the central.

    How does the GST Impact Diesel Price in Mumbai?

    Goods and Services Tax (GST) now replaces all indirect tax forms. All taxpayers are brought under the common taxation platform. GST is the biggest reform in the history of Indian tax system since Independence. The GST regime does not influence all petroleum products and the entire oil and natural gas industry since they have kept outside the purview of GST. The execution of GST on petroleum products makes them cheaper for consumers. The compliance cost incurred by all industry stakeholders will increase by 200%.

    Petrol Cost vs. Diesel Costs in Mumbai

    As on 10 October 2017 (the current rate of diesel), diesel was priced at Rs.60.55 a litre whereas petrol at Rs.77.58. The net difference as on the latest date was Rs.17.03 in the city.

    Also Check Diesel Price in NearBy Cities of Mumbai

    FAQs on Diesel Price In Mumbai

    1. What’s the highest diesel price in Mumbai in 2020?

      The highest price was recorded in the last week of July where diesel stood at Rs.80.17 per litre in Mumbai.

    2. What’s the highest price of diesel in Mumbai since the last 5 years?

      The highest price of diesel in Mumbai was recorded this year, standing at Rs.80.17 per litre.

    3. What the lowest price of diesel in Mumbai in 2020?

      The lowest price of diesel was Rs.65.19 per litre, recorded in March 2020.

    4. What’s the highest price of diesel in Mumbai in the last 10 years?

      The highest price of diesel in Mumbai in the last 10 years is Rs.80.17 per litre, recorded in March 2020.

    *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 Mumbai Today

    • Diesel price continue to see no change in the metropolitan cities

      For the fourteenth consecutive day, the price of diesel saw no change in the metropolitan cities on Tuesday. Following the daily revision, a litre of diesel was retailed for Rs.73.87 in Delhi while in the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai consumers were charged Rs.80.51, Rs.77.44, and Rs.79.21 respectively for a litre. It must be noted here that the diesel price was cheapest in the national capital i.e., Delhi and highest in the commercial capital i.e., Mumbai among all the metropolitan cities. In the international oil market, crude oil rates tumbled on Friday. The futures of Brent crude fell by 0.21 percent and was trading at $51.39 per barrel. The rupee however made marginal gains against the US dollar and settled at 73.56.

      State-owned Oil Marketing Companies (OMCs) like Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation revise the rates of fuel in the country as per the dynamic pricing scheme which was adopted in the month of 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.

      22 December 2020

    • No changes made to the prices of diesel on 30 November 2020

      OMCs that are run by the state did not make any changes to the prices of diesel across all the metros in India on 30 November 2020. Diesel rates have been changed nine times over the last 11 days. OMCs revise diesel prices on a daily basis. Diesel rates are different in every state due to VAT. The updated prices of diesel in Delhi, Mumbai, Chennai, and Kolkata are at Rs.72.42, Rs.78.97, Rs.77.84, and Rs.75.99 for a litre, respectively. The value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of diesel in the country.

      30 November 2020

    • OMCs do not make any changes to the diesel rates in Mumbai on 19 November 2020

      State-run OMCs did not make any changes to the prices of diesel in Mumbai on 19 November 2020. Apart from Mumbai, diesel rates have not been changed across most other cities in the country as well. Diesel prices have not been changed in most cities for more than one and a half months. OMCs revise prices in India on a daily basis. Diesel rates in the country depend on the crude oil prices in the international markets and the value of the rupee against the dollar. The updated prices of diesel in Mumbai, Delhi, Kolkata, and Chennai are at Rs.76.86, Rs.70.46, Rs.73.99, and Rs.75.95 for a litre, respectively.

      19 November 2020

    • Diesel price remain unchanged on Sunday

      State-run Oil Marketing Companies (OMCs) kept diesel rates in the four metropolitan cities unchanged on Sunday. Following the daily revision in the rates, a litre of diesel was retailed for Rs.70.46 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.76.86, Rs.73.99, and Rs.75.95 respectively.

    • In the international market, crude oil rates eased on Friday due to concerns over the outlook for fuel consumption give increasing number of coronavirus cases in Europe and the United States. The futures of Brent crude were trading at $37.46 per barrel after falling by 0.50 percent.
    • In India, the price of fuel is revised daily as per the dynamic pricing scheme which was adopted in June 2017. As per the mechanism, the rates are dependent on international oil rates and the value of rupee against the US dollar.

      1 November 2020

    • Diesel price continue to see no change on Monday

      On Monday, state-run Oil Marketing Companies (OMCs) kept the price of diesel unchanged across the metropolitan cities of the country. A litre of diesel was retailed for Rs.70.46 in Delhi following the daily revision of rates. In Mumbai, Kolkata, and Chennai, a litre of diesel was retailed for Rs.76.86, Rs.73.99, and Rs.75.95 respectively. This was the 20th consecutive day when the price of diesel remained unchanged in the metropolitan cities of the country.

      In the international market, the price of crude oil slipped for the second consecutive session as U.S. producers began restoring output after Hurricane Delta weakened and the strike of workers in Norway came to an end. The futures of Brent crude for December delivery and those of US West Texas Intermediate (WTI) crude for November delivery were trading at $42.30 and $40.08 per barrel after slipping by 55 and 52 cents respectively.

      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 by the OMCs. As per the mechanism, the rates are dependent on international oil rates on a 15-day average and the rupee - US dollar exchange rate.

      12 October 2020

    • Diesel rates slashed by up to 15 paise across all the metros on 21 September 2020

      Oil Marketing Companies (OMCs) that are run by the state slashed the prices of diesel by up to 15 paise across all the metros in India on 21 September 2020. The price of diesel in the national capital has been slashed by 15 paise and is at Rs.71.43 for a litre. Diesel rates are different in every state because of VAT. The prices of diesel in Mumbai, Chennai, and Kolkata are at Rs.77.87, Rs.76.85, and Rs.74.94 for a litre, respectively. OMCs revise diesel rates on a daily basis in the country. Diesel rates in the country depend on several factors such as the value of the rupee against the dollar, crude oil prices in the international markets, and excise duty.

      21 September 2020

    • OMCs keep diesel rates unchanged in the metropolitan cities

      On Monday, state-run Oil Marketing Companies (OMCs) kept the price of diesel unchanged across the four metropolitan cities. Consumers residing in Delhi, Mumbai, Kolkata, and Chennai were required to shell out Rs.73.56, Rs.80.11, Rs.77.06, and Rs.78.86 respectively for a litre of diesel. The cost of a litre was the cheapest in the national capital due to lower taxes.

      Crude oil rates nudged higher on Monday in the international market as storms bore down oil production in the Gulf of Mexico by more than half. Brent crude oil and US West Texas Intermediate (WTI) crude were trading at $44.43 and $42.41 per barrel after recording an increase of 0.2 percent each.

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

      24 August 2020

    • State-run OMCs do not make any changes to the prices of diesel on 10 August 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 10 August 2020. No changes were made to the prices of diesel on 9 August as well. OMCs resumed revising diesel prices on a daily basis from 7 June 2020 after 82 days. As per the details available on the official website of Indian Oil Corporation, the prices of diesel in Chennai, Mumbai, Kolkata, and Delhi are at Rs.78.86, Rs.80.11, Rs.77.06, and 73.56 for a litre, respectively. Depending on the VAT that is levied, diesel prices will vary from state-to-state. Since India imports more than 80% of its crude requirements, the value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of diesel in the country.

      10 August 2020

    • No changes made to the prices of diesel across the metros on 22 July 2020

      State-run oil marketing companies did not make any changes to the prices of diesel across the major cities in India on 22 July 2020. The prices of diesel vary from state-to-state because of VAT. The price of diesel in the national capital remains the same when compared to 21 July 2020 and is at Rs.81.64 per litre. The price of diesel in Delhi remains costlier than the price of petrol. The prices of diesel in Chennai, Mumbai, and Kolkata remained the same as well when compared to 21 July 2020 and are at Rs.78.60, Rs.79.83, and Rs.76.77 for a litre, respectively. Apart from Delhi, the prices of diesel are cheaper than the prices of petrol in the other metros. Since more than 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of petrol in the country.

      28 July 2020

    • Diesel rates see no change on Sunday 

      Marking a pause after 21 consecutive days of increase, diesel rates remained stagnant in the country on Sunday. As per the data made available on the Indian Oil Corporation (IOC) website, a litre of diesel cost Rs.80.40 in the national capital. In Mumbai, Kolkata, and Chennai, the other three metropolitan cities of the country, a litre was retailed for Rs.78.71, Rs.75.52, and Rs.77.61 respectively. On Saturday, the rates were increased by 21 paise in Delhi.

      It must be noted that domestic oil prices are determined by oil companies taking into international oil rates on a 15-day average and the rupee – US dollar exchange rate. This is done as per the dynamic pricing scheme which was adopted in June 2017.

      Given an increase in COVID – 19 cases in the United States and China and growing concerns about rising US output ticking up while crude stockpiles sat at record highs, crude oil rates slipped on Friday. Brent crude oil futures were trading at $40.91 per barrel after falling by 3 cents.

      28 June 2020

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