Diesel Price In Mumbai Today

  • Today's Diesel Price (28 Nov 2022)

    ₹ 94.25
    Current Diesel Price Per Liter

    Compare Diesel Price in Mumbai (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Diesel ( / litre) ₹ 94.25 ₹ 94.25 ₹ 0 ↑

    Diesel Price in Mumbai - Last 10 Days Data

    Date Diesel ( / litre)
    27 Nov 2022 ₹ 94.25
    26 Nov 2022 ₹ 94.25
    25 Nov 2022 ₹ 94.25
    24 Nov 2022 ₹ 94.25
    23 Nov 2022 ₹ 94.25
    22 Nov 2022 ₹ 94.25
    21 Nov 2022 ₹ 94.25
    20 Nov 2022 ₹ 94.25
    19 Nov 2022 ₹ 94.25
    18 Nov 2022 ₹ 94.25

    Diesel Rate Trend

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

    Diesel Rate in Mumbai

    Trend of Diesel Price in Mumbai for October 2022 (rates per litre):

    Parameters Rates/litre
    1st October Rs.94.25
    31st October Rs.94.25
    Highest Rate in October Rs.94.25 from 1 to 31 October
    Lowest Rate in October Rs.94.25 from 1 to 31 October
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Mumbai for October 2022:

    • Diesel prices opened the month of October standing at the rate of Rs.94.25 per litre in Mumbai. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of October in Mumbai.
    • In Mumbai, the last week of October closed with the price of the fuel standing at the rate of Rs.94.25 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Mumbai.

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

    Parameters Rates/litre
    1st September Rs.94.25
    30th September Rs.94.25
    Highest Rate in September Rs.94.25 from 1 to 30 September
    Lowest Rate in September Rs.94.25 from 1 to 30 September
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Mumbai for September 2022:

    • Diesel prices opened the month of September standing at the rate of Rs.94.25 per litre in Mumbai. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of September in Mumbai.
    • In Mumbai, the last week of September closed with the price of the fuel standing at the rate of Rs.94.25 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Mumbai.

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

    Parameters Rates/litre
    1st August Rs.94.25
    31st August Rs.94.25
    Highest Rate in August Rs.94.25 from 1 to 31 August
    Lowest Rate in August Rs.94.25 from 1 to 31 August
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Mumbai for August 2022:

    • Diesel prices opened the month of August standing at the rate of Rs.94.25 per litre in Mumbai. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of August in Mumbai.
    • In Mumbai, the last week of August closed with the price of the fuel standing at the rate of Rs.94.25 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Mumbai.

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

    Parameters Rates/litre
    1st July Rs.97.26
    31st July Rs.97.26
    Highest Rate in July Rs.97.26 from 1 to 31 July
    Lowest Rate in July Rs.97.26 from 1 to 31 July
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Mumbai for July 2022:

    • Diesel prices opened the month of June standing at the rate of Rs.97.26 per litre in Mumbai. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of July in Mumbai.
    • In Mumbai, the last week of July closed with the price of the fuel standing at the rate of Rs.97.26 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Mumbai.

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

    Parameters Rates/litre
    1st June Rs.97.26
    30th June Rs.97.26
    Highest Rate in June Rs.97.26 from 1 to 30 June
    Lowest Rate in June Rs.97.26 from 1 to 30 June
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Mumbai for June 2022:

    • Diesel prices opened the month of June standing at the rate of Rs.97.26 per litre in Mumbai. When compared to the closing rates of the previous week, there were no changes in the price of the fuel.
    • The price of the fuel was stable and witnessed no fluctuations during the month of June in Mumbai.
    • In Mumbai, the last week of June closed with the price of the fuel standing at the rate of Rs.97.26 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Mumbai.

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

    Parameters Rates/litre
    1st May Rs.104.77
    31st May Rs.97.26
    Highest Rate in May Rs.104.77 on 1 May
    Lowest Rate in May Rs.97.26 from 22 to 31 May
    Overall Performance Decline
    Percentage Change -7.17%

    Monthly Diesel Price Trend in Mumbai for May 2022:

    • Diesel price in Mumbai opened the month of May standing at the rate of Rs.104.77 per litre.
    • The highest diesel rate was recorded on 1 May wherein a litre of diesel was being traded at the rate of Rs.104.77. The lowest price of diesel was recorded from 22 to 31 May when it stood at the rate of Rs.97.26 per litre.
    • In Mumbai, the month of May closed with the price of the fuel standing at the rate of Rs.97.26 per litre. There was an overall declining trend of -7.17% in the performance of diesel price in Mumbai.

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

    Parameters Rates/litre
    1st April Rs.100.93
    30th April Rs.104.77
    Highest Rate in April Rs.104.77 on 30 April
    Lowest Rate in April Rs.100.93 on 1 April
    Overall Performance Incline
    Percentage Change 3.80%

    Monthly Diesel Price Trend in Mumbai for April 2022:

    • Diesel price in Mumbai opened the month of April standing at the rate of Rs.100.93 per litre.
    • The highest diesel rate was recorded on 30 April wherein a litre of diesel was being traded at the rate of Rs.104.77. The lowest price of diesel was recorded on 1 April when it stood at the rate of Rs.100.93 per litre.
    • In Mumbai, the month of April closed with the price of the fuel standing at the rate of Rs.104.77 per litre. There was an overall inclining trend of 3.80% in the performance of diesel price in Mumbai.

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

    Parameters Rates/litre
    1st March Rs.94.13
    31st March Rs.100.93
    Highest Rate in March Rs.100.93 on 31 March
    Lowest Rate in March Rs.94.13 from 1 March to 21 March
    Overall Performance Incline
    Percentage Change 7.22%

    Monthly Diesel Price Trend in Mumbai for March 2022:

    • Diesel price in Mumbai opened the month of March standing at the rate of Rs.94.13 per litre. After being stable for weeks, the fuel price witnessed a hike on 22 March.
    • The highest diesel rate was recorded on 31 March wherein a litre of diesel was being traded at the rate of Rs.100.93. The lowest price of diesel was recorded from 1 to 21 March when it stood at the rate of Rs.94.13 per litre.
    • In Mumbai, the month of March closed with the price of the fuel standing at the rate of Rs.100.93 per litre. There was an overall inclining trend of 7.22% in the performance of diesel price in Mumbai.

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

    Parameters Rates/litre
    1st February Rs.94.13
    28th February Rs.94.13
    Highest Rate in February Rs.94.13 from 1 to 28 February
    Lowest Rate in February Rs.94.13 from 1 to 28 February
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Mumbai for February 2022:

    • The price of diesel in Mumbai opened the month of February standing at the rate of Rs.94.13 per litre. There were no fluctuations or changes in the price of the fuel when compared to the closing price of the previous month.
    • The price of the fuel stood steady in Mumbai during the month. In the month of February, the price of the fuel was unaltered, witnessed no fluctuations, and was trading at the rate of Rs.94.13 per litre.
    • Diesel closed the month of February while being traded at the rate of Rs.94.13 per litre. The overall performance of the fuel witnessed a stability during the month of February in Mumbai.

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

    Parameters Rates/litre
    1st January Rs.94.13
    31st January Rs.94.13
    Highest Rate in January Rs.94.13 from 1 to 31 January
    Lowest Rate in January Rs.94.13 from 1 to 31 January
    Overall Performance Stable
    Percentage Change 0%

    Monthly Diesel Price Trend in Mumbai for January 2022:

    • The price of diesel in Mumbai opened the month of January standing at the rate of Rs.94.13 per litre. When compared to the closing price of the fuel of the previous week, there were no changes in the price.
    • The price of the fuel stood steady in Mumbai during the month. It witnessed no fluctuations and stood at the same price point wherein a litre of the fuel was being traded at the rate of Rs.94.13 per litre.
    • Diesel closed the month of January while being traded at the rate of Rs.94.13 per litre. The overall performance of the fuel witnessed a stability during the month of January in Mumbai.

    Also check : Today's Gold Price in Mumbai

    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 prices remain steady in Mumbai on Wednesday

      The diesel price was steady in Mumbai on 27 April 2022, Wednesday. In Delhi, the price of Diesel is relatively cheaper than the other metro cities at Rs.96.67 per litre. In Mumbai, a litre of Diesel costs Rs.104.77. The price of Diesel in Chennai was Rs 99.83 per litre.

      The Diesel prices are stable for the 21 straight days across all metro cities in India, post a hike of 80 paise per litre on 6 April 2022 in fuel prices.

      This comes after a 14-times increase in fuel prices of a cumulative Rs.10 per litre since price revisions restarted on 22 March 2022, following steady prices for nearly four months.

      27 April 2022

    • Diesel prices in Mumbai are Rs.104.77 for a litre on 26 April 2022

      In Mumbai, diesel rates are Rs.104.77 per litre on 26 April, seeing no change when compared to the previous day. No changes have been made to the prices of diesel in the financial capital since 6 April 2022. Some of the factors that determine diesel prices in Mumbai are the exchange rate, global crude rates, and demand.

      26 April 2022

    • Diesel prices increased by 85 paise in Mumbai on 30 March 2022

      In Mumbai, diesel rates were hiked by 85 paise and are at Rs.100.10 for a litre. The prices of diesel have been changed across India and are different in every state because of local taxes. In Delhi, diesel rates have been increased by Rs.5.60 since 22 March 2022. In the last nine days, diesel rates have been increased on eight days.

      30 March 2022

    • Price of diesel continues to remain unchanged across metros

      On Monday, diesel prices continued to remain stable in the four major cities of the country. A litre of diesel was priced at Rs.86.67 in Delhi while in the other three metropolitan cities i.e., Mumbai, Kolkata, and Chennai a litre of diesel cost Rs.94.14, Rs.89.79, and Rs.91.43 respectively. The price of diesel was the highest in Mumbai and the cheapest in Delhi among all the metros. Oil companies like Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise fuel rates in the country on a daily basis.

      28 February 2022

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