Diesel Price In Mumbai Today

Last 5 days Diesel Price in Mumbai:
Date Diesel Price(Rs/Lt) Price Change
Sep 12th 2019 68.34 +0.05
Sep 11th 2019 68.29 0
Sep 10th 2019 68.29 +0.05
Sep 9th 2019 68.24 0
Sep 8th 2019 68.24 0
More
  • Today's Diesel Price ( 15 Sep 2019 )
    ₹ 68.6
    Current Diesel Price Per Liter
    Compare Diesel Price in Mumbai (Today & Yesterday)
    Today
    (15 Sep 2019)
    Yesterday
    (14 Sep 2019)
    Rate Change
    Diesel ( / litre) ₹ 68.6 ₹ 68.54 ₹ 0.06 ↑
    Diesel Price in Mumbai - Last 10 Days Data
    Date Diesel ( / litre)
    15 Sep 2019 ₹ 68.6
    14 Sep 2019 ₹ 68.54
    13 Sep 2019 ₹ 68.44
    12 Sep 2019 ₹ 68.34
    11 Sep 2019 ₹ 68.29
    10 Sep 2019 ₹ 68.29
    09 Sep 2019 ₹ 68.24
    08 Sep 2019 ₹ 68.24
    07 Sep 2019 ₹ 68.24
    06 Sep 2019 ₹ 68.29

    Diesel Rate Trend

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    Diesel Rate in Mumbai

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

    Parameters Rates/litre
    1st September  Rs.68.28
    7th September Rs.68.24
    Highest Rate in September Rs.68.28
    Lowest Rate in September Rs.68.24
    Overall Performance Decline
    Percentage Change -0.05%

    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%.

    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

    *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 prices remain static for sixth consecutive day

      Oil Marketing Companies (OMCs) on Wednesday kept the rates of diesel constant for the sixth consecutive day across the major cities of the country. In New Delhi, the national capital a litre of petrol was retailed for Rs.65.35. In the financial capital of the country i.e., Mumbai consumers were required to shell out Rs.68.41 for a litre. In the eastern and southern metropolitan cities i.e., Kolkata and Chennai, a litre of diesel was retailed for Rs.67.63 and Rs.68.94 respectively. Consumers residing in non-metropolitan cities like Noida and Gurugram were required to pay Rs.65.53 and Rs.64.65 for a litre. The cost for a litre of diesel is the lowest in New Delhi among all the metropolitan cities and state capitals because the tax charged on the fuel is lower than what is charged in other cities.

      It must be noted here that the rates charged for a litre of diesel in the country 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% of the total crude oil requirement.

      4 September 2019

    • OMCs keep diesel prices stagnant in the country

      The rates of diesel were kept unchanged in the country on Wednesday. The rates were kept stagnant after the prices saw a cut of 7 paise per litre on Tuesday. Following today’s revision in the prices, a litre of petrol cost Rs.65.11 in the national capital. In the other three metropolitan cities of the country i.e., Mumbai, Kolkata, and Chennai, every litre of diesel was retailed for Rs.68.26, Rs.67.49, and Rs.68.79 respectively. In cities like Noida and Gurugram, a litre cost Rs.65.40 and Rs.64.53 respectively on Wednesday.

      Globally, crude oil prices climbed on Wednesday as there was a sharp dip in US crude inventories. The futures of Brent crude oil were up by 13 cents or 0.2 percent to be trading at $60.16 per barrel. This was the first time in over a week that crude prices touched the $60 mark.

      The rates charged for fuel in the country 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% of the total crude requirements. It must be noted here that last month Goldman Sachs had lowered its 2019 oil demand projection after other forecasters like International Energy Agency (IEA) and OPEC had done so.

      21 August 2019

    • Diesel Prices Slashed by 11-16 paise per litre across Major Cities

      On Thursday, state-owned Oil Marketing Companies (OMCs) slashed the rates of diesel by 11-16 paise per litre across the major cities of the country. In New Delhi, the prices were cut by 15 paise per litre to be retailed for Rs.66.34 while in Mumbai a litre was sold for Rs.69.53 after the rates were slashed by 16 paise per litre. In the other two metropolitan cities of the country i.e., Kolkata and Chennai, the rates charged for a litre of diesel on Thursday were Rs.68.37 and Rs.70.07 after the prices were cut by 11 and 16 paise respectively. In Noida and Gurugram, diesel prices fell by 13 and 12 paise per litre and was retailed for Rs.65.42 and Rs.65.52 respectively.

      Globally, the prices of crude oil touched their highest levels in over a month on Thursday. Brent crude oil was trading at $66.96 per barrel. It needs to be mentioned here that the rates of fuel charged in the country are dependent on international oil prices on a 15-day average and the rupee-US dollar exchange rate. This is because India imports 80 percent of the total crude oil requirements.

      15 July 2019

    • Diesel prices increased by 5-8 paise per litre

      The rates of diesel were hiked in the country for the fifth consecutive day on Monday. State-run Oil Marketing Companies (OMCs) increased the prices by 5-8 paise per litre. Following Monday’s revision in the prices, every litre of diesel was retailed for Rs.64.27 in the national capital after the prices were increased by 8 paise per litre. In Mumbai and Chennai, the rates were increased by 6 paise per litre while in Kolkata the rates for a litre were increased by 5 paise. The increase in the prices saw every litre of diesel cost Rs.67.36, Rs.67.96, and Rs.66.16 respectively in the mentioned metropolitan cities. In Noida, OMCs hiked the rates by 1 paise on Monday and every litre was sold for Rs.63.67.

      Globally, the prices of crude oil went up on Monday following the extension of supply cuts by Saudi Arabia, Iraq and Russia. The rates increased by more than $1 per barrel. It needs to be mentioned here that the rates of fuel in the country are revised daily. This is done as per the dynamic pricing scheme that was adopted in June 2017. As per the mechanism, the rates depend on international crude prices on a 15-day average and the rupee-US dollar exchange rate.

      4 July 2019

    • Diesel Prices cut by 6 paise per litre

      State-run Oil Marketing Companies (OMCs) on Thursday slashed the rates of diesel by 6 paise per litre. The reduction in the prices comes after two days when the rates were kept constant in the country by OMCs. In the national capital of the country, every litre of Delhi was retailed for Rs.64.33 while in Mumbai the commercial capital the rates charged for a litre was Rs.67.45. In the other two metro cities of the country i.e. Kolkata and Chennai consumers were required to shell out Rs.66.25 and Rs.68.05 for one litre of diesel.

      In the international oil market, crude prices stabilised on Thursday after the rates tumbled by as much as 4% to a nearly five-month low in the earlier session. The drop in the prices came amid a sudden rise in US crude stockpiles and doubts about lower demand growth. The futures of Brent crude oil were up by 12 cents or 0.2% to be trading at $60.09 per barrel. It needs to be mentioned here that the rates of fuel in the country are dependent on international crude oil prices on a 15-day average and the value of rupee against the US dollar.

      17 June 2019

    • Petrol Prices Down by 7 paise Today

      In accordance with the daily dynamic fuel pricing mechanism, petrol prices were cut on Monday while diesel prices remained unchanged across major metro cities of the country. Petrol prices were cut in the range of 7-8 paise per litre. With the revision on prices, a litre of petrol in Delhi costs Rs.73 per litre while diesel costs Rs.66.66 per litre. Yesterday, petrol prices were hiked by 8-9 paise while diesel prices were increased by 5-6 paise per litre. It may be noted that prices of petrol and diesel are cheaper in Delhi compared to other metro cities and some state capitals due to lower taxes. In Mumbai, petrol is being sold at Rs.78.59 per litre and diesel at Rs.69.81 per litre. In Kolkata and Chennai, petrol is available at Rs.75.04 and Rs.75.79 per litre and diesel is available at Rs.68.40 and Rs.70.43 per litre, respectively. In Noida, petrol costs Rs.72.34 per litre and diesel costs Rs.65.72 per litre. In Gurugram, a litre of petrol costs Rs.72.85. Petrol and diesel rates are proportional to the international crude oil prices and the exchange rate of the Indian currency and the US dollar. On Monday, in the international oil market, crude oil prices declined by 2% amid US administration's decision to hike tariffs on Chinese goods this week. International benchmark Brent crude oil futures was down by $1.51 per barrel or 2.1% trading at $69.34 per barrel compared to its previous settlement.

      8 May 2019

    • Petrol and Diesel Prices Hiked Today Across Major Metro Cities

      Fuel prices were hiked today by state-run oil companies across major metro cities of the country. While petrol prices rose by 6 paise per litre, diesel rates inclined by 7 paise. In Delhi, petrol is being sold at Rs.72.92 per litre compared to yesterday’s price of Rs.72.86 per litre. In Mumbai, Chennai and Kolkata, petrol is being retailed at Rs.74.94, Rs.75.68 and Rs.78.49 per litre, respectively. Yesterday, the petrol price in these cities stood at Rs.74.88, Rs.75.62 and Rs.78.43 per litre, respectively. Diesel rates in Delhi, Mumbai, Chennai and Kolkata stands at Rs.66.26, Rs.69.35, Rs.69.96 and Rs.68 per litre, respectively. New rates of petrol and diesel are effective from 6:00 am IST and might vary between cities and petrol pumps due to local sales tax and transportation costs. Petrol and diesel prices are determined by the international crude oil prices and the exchange rate of the rupee over the US dollar. Oil companies consider the 15-day average price of crude and the rupee-dollar exchange value.

      16 April 2019

    • Petrol Rates Cut Marginally Today

      Petrol prices were cut by 5 paise and diesel prices were kept unchanged by state-run oil firms across major metro cities of the country. New prices are effective from 6:00 am IST and could differ between cites and petrol pumps due to local sales tax and transportation costs. After today’s revision, in Delhi petrol costs Rs.72.80 per litre as against Rs.72.85 per litre on Monday, while diesel is being sold at Rs.66.11 per litre, same as yesterday. In the financial capital of Mumbai, petrol is available at Rs.78.37 per litre and diesel costs Rs.69.19 a litre. In Chennai and Kolkata, petrol is being sold at Rs.75.56 per litre and Rs.74.82 a litre while diesel is retailing at Rs.69.80 per litre and Rs.67.85 a litre. It’s worth mentioning here that oil firms kept fuel prices unchanged across major metro cities on Monday.

      Fuel prices are revised daily based on the dynamic fuel pricing mechanism which considers the 15-day average price of crude oil coupled with the rupee-dollar exchange rate. Today, in the international oil market, crude oil prices fell amid weak global economic outlook. International Brent crude oil futures were down by 14 cents or 0.2% at $70.96 per barrel compared to its previous close. In the last one-month, crude oil prices have inclined by more than 7% with the Brent crude oil futures breaching $70 per barrel mark.

      15 April 2019

    • Petrol and Diesel Prices Increased Today Across Major Metro Cities

      State-owned oil marketing companies (OMCs) hiked petrol and diesel prices today across major metro cities of the country. While petrol prices rose by 7 paise per litre, diesel rates inclined by 10-11 paise per litre. After the revision in prices, in Delhi, petrol costs Rs.72.24 per litre as against Rs.72.17 per litre recorded yesterday and diesel costs Rs.67.64 per litre as compared to Rs.67.54 per litre. In the financial capital of Mumbai, petrol is being sold at Rs.77.87 per litre and diesel at Rs.79.86 per litre, inclining by 7 paise and 10 paise per litre, respectively. Likewise, in Kolkata, petrol is being sold at Rs.74.33 per litre and diesel is being sold at Rs.69.43 per litre. Similarly, prices were hiked in Chennai as well with petrol being retailed at Rs.75.02 per litre and diesel at Rs.71.49 per litre. New rates are effective from 6:00 am IST and prices may differ between cities and petrol pumps due to local sales tax or VAT and logistics. In the international market, oil prices declined amid markets factoring in modest chances for the increase in fuel demand. Benchmark Brent crude oil futures were trading down by 31 cent or 0.5% to $65.36 per barrel.

      5 March 2019

    • Fuel Prices Hiked After 16% Decline in Two-Months

      In Mumbai, petrol and diesel prices were hiked after a two-month decline by nearly Rs.15 per litre for petrol and about Rs.13 per litre for diesel. Since 4 October 2018, fuel prices have dropped by nearly 16% in Mumbai. Petrol prices were increased by 19 paise on Monday to cost Rs.76.15 per litre, while diesel prices were hiked from Rs.67.38 per litre to Rs.67.47. Diesel prices have been hiked after almost 72 days after it hit an all-time high of Rs.80.10 per litre on 4 October 2018. As for petrol prices, the highest rate was recorded on 4 October 2018 when a litre was sold at Rs.91.34 a litre in Mumbai. Fuel prices are indicated by the rise or fall in the international crude oil price coupled with the exchange rate of the U.S. dollar over the rupee. Prices are changed every day under the Dynamic Fuel Pricing mechanism by State-run Oil Marketing Companies (OMCs) in the country.

      18 December 2018

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

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