Diesel Price In Mumbai Today

  • Today's Diesel Price ( 28 May 2020 )

    ₹ 66.21
    Current Diesel Price Per Liter

    Compare Diesel Price in Mumbai (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Diesel ( / litre) ₹ 66.21 ₹ 66.21 ₹ 0 ↑

    Diesel Price in Mumbai - Last 10 Days Data

    Date Diesel ( / litre)
    27 May 2020 ₹ 66.21
    26 May 2020 ₹ 66.21
    25 May 2020 ₹ 66.21
    24 May 2020 ₹ 66.21
    23 May 2020 ₹ 66.21
    22 May 2020 ₹ 66.21
    21 May 2020 ₹ 66.21
    20 May 2020 ₹ 66.21
    19 May 2020 ₹ 66.21
    18 May 2020 ₹ 66.21

    Diesel Rate Trend

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

    Diesel Rate in Mumbai

    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

    *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

    • No changes made to the prices of diesel on 6 May 2020

      Oil marketing companies that are operated by the state did not make any changes to the prices of diesel across the major cities in India on 6 May 2020. The prices of diesel have remained stagnant despite the Centre increasing the excise duty on diesel by Rs.13.

      The increase in prices has been absorbed by the oil marketing companies so that the prices of diesel does not increase in India. Brent crude prices in the international markets have fallen to a nearly two-decade low and are at nearly $30 for a barrel. The price of diesel in Delhi remained the same as on 5 May 2020 and is at Rs.69.39 for a litre. It is worth noting that the price of diesel is the cheapest in Delhi when compared to all the metros and most state capitals because of lower taxes. The prices of diesel in Bhopal, Indore, Gurugram, Noida, Jaipur, Lucknow, Patna, Chennai, Kolkata, and Mumbai remained the same as well when compared to 5 May 2020. The updated prices of diesel in Bhopal, Indore, Gurugram, Noida, Jaipur, Lucknow, Patna, Chennai, Kolkata, and Mumbai are at Rs.68.29, Rs.68.40, Rs.63.18, Rs.62.69, Rs.69.82, Rs.62.68, Rs.66.82, Rs.68.22, Rs.65.62, and Rs.66.21 for a litre, respectively. Since around 83% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of diesel in the country.

      6 May 2020

    • No changes made to the prices of diesel on 6 May 2020

      Oil marketing companies that are operated by the state did not make any changes to the prices of diesel across the major cities in India on 6 May 2020. The prices of diesel have remained stagnant despite the Centre increasing the excise duty on diesel by Rs.13.

      The increase in prices has been absorbed by the oil marketing companies so that the prices of diesel does not increase in India. Brent crude prices in the international markets have fallen to a nearly two-decade low and are at nearly $30 for a barrel. The price of diesel in Delhi remained the same as on 5 May 2020 and is at Rs.69.39 for a litre. It is worth noting that the price of diesel is the cheapest in Delhi when compared to all the metros and most state capitals because of lower taxes. The prices of diesel in Bhopal, Indore, Gurugram, Noida, Jaipur, Lucknow, Patna, Chennai, Kolkata, and Mumbai remained the same as well when compared to 5 May 2020. The updated prices of diesel in Bhopal, Indore, Gurugram, Noida, Jaipur, Lucknow, Patna, Chennai, Kolkata, and Mumbai are at Rs.68.29, Rs.68.40, Rs.63.18, Rs.62.69, Rs.69.82, Rs.62.68, Rs.66.82, Rs.68.22, Rs.65.62, and Rs.66.21 for a litre, respectively. Since around 83% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international markets determine the prices of diesel in the country.

      6 May 2020

    • Diesel prices unchanged across the major cities on 22 April 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 22 April 2020. Diesel prices have remained stagnant in many cities for 37 days in a row.

      The price of diesel in Delhi is the same when compared to 21 April 2020 and is at Rs.62.29 for a litre. When compared to most state capitals and all the metros, the price of diesel is cheap as lower taxes are levied. On 1 April 2020, the prices of diesel were increased by up to Rs.1.50 in West Bengal, Maharashtra, and Karnataka due to a hike in VAT. The prices of diesel in Hyderabad, Chandigarh, Bhubaneshwar, Bengaluru, Gurgaon, Chennai, Mumbai, and Kolkata have also remained the same when compared to 21 April 2020. The updated prices of diesel in Hyderabad, Chandigarh, Bhubaneshwar, Bengaluru, Gurgaon, Chennai, Mumbai, and Kolkata are Rs.67.82, Rs.59.30, Rs.66.70, Rs.65.96, Rs.62.08, Rs.65.71, Rs.66.21, and Rs.65.62 for a litre, respectively. 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. Brent crude oil prices in the global markets have reduced by nearly 50% because of the coronavirus outbreak. However, the prices of diesel have not been reduced in India.

      22 April 2020

    • Diesel prices remain stagnant across many cities for 21 days in a row

      Oil marketing companies that are controlled by the state did not make any changes to the prices of diesel across the major cities in India on 6 April 2020. No changes have been made to the prices of diesel across many cities for 21 days in a row.

      The price of diesel in Delhi has remained stagnant for 21 consecutive days and is at Rs.62.29 for a litre. Diesel prices are the cheapest in Delhi when compared to all the metros and most state capitals due to lower taxes. In March, the price of diesel in Delhi has been reduced by Rs.2.01 for a litre. The prices of Brent crude oil in the international markets have reduced due to the coronavirus outbreak. On 1 March 2020, the prices of diesel in Bengaluru, Mumbai, and Kolkata were reduced by up to Rs.1.50 for a litre. The prices of diesel in Noida, Gurugram, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai remained the same as well when compared to 5 April 2020. The updated prices of diesel in Noida, Gurugram, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai are Rs.62.96, Rs.62.08, Rs.66.21, Rs.65.96, Rs.67.82, Rs.65.62, and Rs.65.71 for a litre, respectively. Since around 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the global markets affect the prices of diesel in the country.

      6 April 2020

    • Diesel prices see no change on Saturday

      Diesel prices remained stagnant for the fourth consecutive day on Saturday as Oil Marketing Companies (OMCs) decided against increasing or decreasing the rates. A litre of diesel was retailed for Rs.62.29 in the national capital while in Mumbai consumers were required to pay Rs.65.21. In the other two metropolitan cities i.e., Kolkata and Chennai, OMCs charged Rs.64.62 and Rs.65.71 respectively for a litre. Diesel prices were the cheapest in New Delhi among all the metropolitan cities due to lower taxes.

      India which imports 80 percent of its total crude requirements revise fuel prices as per the dynamic pricing scheme which was adopted in June 2017. The scheme was adopted in a bid to pass on the slightest benefit to the consumers and retailers due to reduction in international oil prices. As per the mechanism, the rates are dependent on international oil prices on a 15-day average and the rupee-dollar exchange rate.

      23 March 2020

    • Prices of diesel fall by up to 26 paise on 9 March 2020

      Oil marketing companies that are controlled by the state reduced the prices of diesel by up to 26 paise across the major cities in India on 9 March 2020. The prices of diesel have been reduced for the fifth day in a row.

      On 8 March 2020, the prices of fuel were reduced by up to 20 paise across the major cities in India. The main reason for the reduction in prices was the increase in Brent crude oil prices. In Delhi, the price of diesel was reduced by 25 paise and is at Rs.63.26 for a litre. It is worth noting that the price of diesel is the cheapest in Delhi when compared to all the metros and most state capitals due to lower taxes. Over the last five days, the prices of diesel in the National Capital Region (NCR) has been reduced by 77 paise. The price of diesel in Kolkata was reduced by 25 paise and is at Rs.65.59 for a litre. The prices of diesel in Chennai and Mumbai have been reduced by 26 paise and are at Rs.66.75 and Rs.66.24 for a litre, respectively. Since more than 80% of India’s crude requirements are imported, crude oil prices in the international market and the value of the rupee against the dollar determine the prices of diesel in the country. The value of the rupee fell by 54 paise against the dollar on 6 March 2002 and was at Rs.73.87.

      10 March 2020

    • Diesel prices see no change on Wednesday

      Even though global benchmark Brent crude prices continued its downward slide due to worries about the spread of coronavirus and its impact, state-run Oil Marketing Companies (OMCs) kept the prices constant across the country on Wednesday. This was the third consecutive day when the prices saw no change across the major cities. Following Wednesday’s revision in the prices, a litre of diesel cost Rs.64.70 in New Delhi, Rs.67.80 in Mumbai, Rs.67.02 in Kolkata, and Rs.68.32 in Chennai. In non-metropolitan cites like Noida and Gurugram, consumers were required to shell out Rs.65.01 and Rs.64.12 for a litre. Among all metropolitan cities and most state capitals, the rates charged in New Delhi are the cheapest as the tax imposed on the fuel is low. Diesel prices in the national capital are at a seven-month low after the rates have dropped by Rs.1.52 per litre in the month of February till date.

      In the international oil market, the futures of Brent crude and US West Texas Intermediate (WTI) crude were up by 42 and 43 cents on Wednesday. The jump in the prices saw every barrel being retailed for $55.47 and $50.33 respectively.

      The rates of fuel are revised in the country as per the dynamic pricing scheme which was adopted in June 2017. As per the mechanism, the rates are dependent on international oil prices on a 15-day average and the rupee-dollar exchange rate. This is done because the country imports 80 percent of the total crude requirements.

      27 February 2020

    • No changes made to the prices of diesel on 15 February 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 15 February 2020. On 14 February 2020, the prices of diesel were reduced by up to 6 paise.

      The price of diesel in Delhi remained the same when compared to 14 February 2020 and was sold at Rs.64.77 for a litre. It is worth noting that the prices of diesel are the cheapest in Delhi when compared to all metros and most other state capitals because of lower taxes. For the month of February, the price of diesel in Delhi has been reduced by Rs.1.45. The prices of diesel in Noida, Gurugram, Chennai, Kolkata, and Mumbai remained the same as well when compared to 14 February 2020. The prices of diesel in Noida, Gurugram, Chennai, Kolkata, and Mumbai are at Rs.65.07, Rs.64.18, Rs.68.40, Rs.67.09, and Rs.67.87 for a litre, respectively. Since over 80% of India’s crude requirements are imported, the prices of crude oil in the international market and the value of the rupee against the dollar impact the prices of diesel in the country. Brent crude oil prices in the international market increased by 1.74% and were trading at $57.32 for a barrel.

      15 February 2020

    • Diesel prices cut by 8 paise per litre on Sunday

      State-run Oil Marketing Companies (OMCs) on Sunday slashed the rates of diesel for the fourth consecutive day. Following Sunday’s revision, diesel prices were reduced by 8 paise per litre across all the metropolitan cities. In Delhi, consumers were required to shell out Rs.66.14 while in Mumbai, Kolkata, and Chennai a litre was retailed for Rs.69.36, Rs.68.54, and Rs.69.89 respectively. The slump in the prices was accounted to international crude oil markets getting hammered due to a plunge in demand because of the outbreak of coronavirus in China.

      It must be noted here that the rates of fuel are revised in the country as per the dynamic pricing scheme which was adopted by OMCs in June 2017. As per the mechanism, the rates are dependent on international oil prices on a 15-day average and the value of rupee against the US dollar. This is done also because India imports 80 percent of its total crude requirements.

      2 February 2020

    • Prices of diesel decreased by up to 15 paise on 16 January 2020

      Following the daily revision of fuel prices, oil marketing companies that are operated by the state decreased the prices of diesel by up to 15 paise across the four metros on 16 January 2020.

      The prices of diesel have been increased regularly over the last two months. According to the information available on the official website of Indian Oil Corporation, the price of diesel in Delhi was decreased by 14 paise and touched Rs.68.92 for a litre. The prices of diesel in Delhi are the cheapest when compared to most state capitals and all metros due to lower taxes being levied. In Delhi, the price of diesel has been increased by 96 paise so far this year. The prices of diesel in Mumbai and Chennai have been reduced by 15 paise and touched Rs.72.27 and Rs.72.83 for a litre, respectively. The price of diesel in Kolkata was reduced by 14 paise and touched Rs.71.29 for a litre. The price of diesel in Gurugram was reduced by 12 paise and touched Rs.67.77 for a litre. In Noida, the price of petrol was reduced by 15 paise and touched Rs.69.19 for a litre. On 15 January 2020, no changes were made to the prices of diesel. Since over 80% of India’s crude requirements are imported, the value of the rupee against the dollar and the crude oil prices in the international market play a vital role in affecting the prices of diesel.

      16 January 2020

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

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.