Diesel Price In Rajasthan Today

Diesel price in Rajasthan today is calculated based on the ‘Dynamic Fuel Pricing’ mechanism. You can check the current diesel price in Rajasthan as well as find today's diesel price and the quarterly price trend in Rajasthan. New diesel prices in Rajasthan are updated by state-controlled oil marketing companies daily at 6:00 am IST.

Learn how diesel prices in Rajasthan are computed and how it compares to other states. Also, find the current Rajasthan diesel price and primary factors which impact petrol prices in India. Also, check the highest and lowest petrol prices recorded in Rajasthan during a month.

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  • Today's Diesel Price ( 22 Mar 2019 )
    ₹ 68.93
    Current Diesel Price Per Liter
    Compare Diesel Price (Today & Yesterday)
    Today
    (22 Mar 2019)
    Yesterday
    (21 Mar 2019)
    Rate Change
    Diesel ( / litre) ₹ 68.93 ₹ 69.08 ₹ -0.15 ↓
    Daily Diesel Rates
    Date Diesel ( / litre)
    22 Mar 2019 ₹ 68.93
    21 Mar 2019 ₹ 69.08
    20 Mar 2019 ₹ 69.08
    19 Mar 2019 ₹ 69.08
    18 Mar 2019 ₹ 69.2
    17 Mar 2019 ₹ 69.51
    16 Mar 2019 ₹ 69.51
    15 Mar 2019 ₹ 69.51
    14 Mar 2019 ₹ 69.61
    13 Mar 2019 ₹ 69.66
    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    Diesel Price in Maharashtra

    Maharashtra is the third largest state (in terms of area) and the second most populous state in India.

    It is also the wealthiest state in the country with its economy majorly driven by industrial output. The state contributes about one fourth of India’s industrial output and more than 23% of the GDP.

    Maharashtra has a huge multi-modal transportation system. The road transportation in the state is operated by the Maharashtra State Road Transport Corporation (MSRTC), which provides economical public road transport service. The state-run buses called State Transport (ST) are the preferred mode of transport for most of the people residing in various cities and districts in the state. Private transport in the state is composed of taxis, auto rickshaws and private vehicles.

    Also Check: Diesel Price in Mumbai

    With more population depending on road transportation and people in major cities such as Mumbai, Pune, Nagpur using private vehicles for their day-to-day use, the demand for diesel in Maharashtra is likely to be high.

    Discussed below are the various factors that affect diesel rate in the state, the taxes levied by state and central governments on diesel, the daily revision of diesel prices in Maharashtra and other interesting facts about the fuel.

    Factors Affecting Diesel Rate in Maharashtra

    Diesel price in Maharashtra, just like in other Indian states, fluctuates on a daily basis. There are many components that factor into diesel pricing in India. While few of them affect diesel cost on a daily basis, others affect it once in a while.

    Factors that affect diesel price on a daily basis are the international crude oil prices and the US dollar to Indian rupee currency exchange rate.

    India imports 70% of its oil requirements from other countries. Hence, diesel prices in India are directly linked to the global crude oil prices. As the crude oil prices are volatile in nature and change every day, diesel prices in India are updated accordingly.

    The second factor that impacts diesel price on daily basis is the currency exchange rate. As crude oil trade usually happens in US dollars, the daily fluctuating dollar value impacts diesel price.

    Besides the daily impacting components, there are these other components such as the state and central government taxes, marketing costs, transportation costs, dealer’s margins and commission and other operating costs that are factored into diesel pricing.

    Among others, state level taxes affect the diesel price in Maharashtra. All the 29 states in India levy value added tax (VAT) on diesel. The tax rate varies from each states as the respective governments are free to decide the taxes. Hence, the tax levied by Maharashtra government makes the diesel price in the state different from other states.

    Similar to state government, the central government also levies tax on diesel, called excise duty. The excise duty on diesel remains same across the states. Any revision in the tax would affect the diesel prices in all the states. The recent cut in the excise duty on petrol and diesel in October 2017, is one such move that affected the diesel prices in all the Indian states.

    Other factors that marginally impact the diesel price include the profit margins, commission and other operating charges. Though these charges are relatively low, any revision in these may also impact the diesel price.

    Quarterly Diesel Price Trend in Maharashtra Between October and December 2018

    October November December
    Opening date price Rs.79.79 a litre Rs.77.37 a litre Rs.70.57 a litre
    Closing date price Rs.77.37 a litre Rs.70.98 a litre Rs.65.73 a litre
    Highest price Rs.80.15 a litre booked on the 4 October 2018 Rs.77.37 a litre booked on the 1 November 2018 Rs.70.57 a litre booked on the 1 December 2018
    Lowest Price Rs.76.80 a litre booked on the 6 October 2018 Rs.70.98 a litre booked on the 30 November 2018 Rs.65.73 a litre booked on the 31 December 2018
    Trend Downward Downward Downward
    % Change -3.03% -8.26% -6.86%

    Diesel Price Trend in Maharashtra Between October and December 2018

    • Petrol and diesel prices in India are revised daily based on the ‘Dynamic Fuel Pricing’ mechanism which considers the 14-day average price of the global crude oil along with the exchange rate of the rupee and the US dollar.
    • Under this method, the diesel price in Maharashtra on 1 October stood at Rs.79.79 per litre and prices continued to rise to touch the highest on 4 October when a litre of diesel was sold at Rs.80.15 per litre.
    • With prices touching recording high, the Centre announced a cut in excise duty levied on the sale of fuel in the country by Rs.1.50 per litre and asked State-run oil firms to further subsidise Rs.1 per litre.
    • Diesel prices in Maharashtra dropped to lowest on 6 October when it was available at Rs.76.80 per litre.
    • By the end of the month, diesel rates in Maharashtra dropped by 3.03% backed by the cut in excise duty which brought some relief to consumers.
    • On 1 November, the diesel price in Maharashtra stood at Rs.77.37 per litre - the highest price recorded during the month.
    • Prices declined during the month as the crude oil price in the international market slightly dropped owing to a decline in geopolitical tensions between the US and China over trade between the two countries.
    • On 30 November, diesel in Maharashtra dropped to lowest to stand at Rs.70.98 per litre influenced by the fall in oil prices.
    • Overall, the diesel price in Maharashtra declined significantly by 8.26% prompted by the sharp fall in crude oil prices in the market.
    • Diesel was priced at Rs.70.57 per litre on 1 December, which was also the highest price registered during the month.
    • Crude oil was trading around $55 per barrel late December compared to around $80 per barrel early October, declining due to a drop in geopolitical tensions between the US and China.
    • This brought out the decline in diesel rates in Maharashtra when it was sold at its lowest of Rs.65.73 per litre on 31 December.
    • Overall, diesel prices in December declined by 6.86% influenced by the steep fall in the global crude oil in the market.

    Quarterly Diesel Price Trend in Maharashtra between July and September 2018

    July August September
    Opening date price Rs.71.49 a litre Rs.72.00 a litre Rs.74.76 a litre
    Closing date price Rs.72.04 a litre Rs.74.59 a litre Rs.79.40 a litre
    Highest price Rs.72.80 a litre recorded on the 14th Rs.74.59 a litre recorded on the 31st Rs.79.40 a litre recorded on the 30th
    Lowest Price Rs.71.49 a litre recorded on the 1st Rs.72.00 a litre recorded on the 1st Rs.74.76 a litre recorded on the 1st
    Trend Upward Upward Upward
    % Change +0.77% +3.60% +6.21%

    Diesel Price Trend in Maharashtra in July 2018

    • Under the dynamic fuel pricing mechanism, State-owned oil companies revise diesel prices on a daily basis.
    • The retail price of diesel in Maharashtra and other states are based on the global crude oil price and the exchange rate of the Indian currency over the U.S. dollar.
    • Diesel and petrol prices are the highest in Mumbai due to higher local sales tax or VAT among all four major metro cities in the country.
    • On the basis of daily revision, the diesel price in Mumbai, the capital city of Maharashtra, on the 1st of July it stood at Rs.71.49 per litre. This was also the lowest price recorded during the month.
    • Prices continued to soar in the first and second weeks in Maharashtra to touch the highest rate for the month at Rs.72.80 per litre on the 14th.
    • The increase in diesel prices was felt across the country even as the crude oil rate moved upwards due to geopolitical tensions between the U.S. and Iran even as the former pulled out of the nuclear deal between the two nations.
    • Despite the decline in diesel prices towards the end of the month, the price never came below the opening price of the month.
    • On the last day of the month, the diesel price in Maharashtra stood at Rs.72.04 per litre, an increase of 55 paise as against the opening price.
    • The diesel price trend in Maharashtra in July grew by 0.77% attributed to the increase in oil prices in the global market.

    Diesel Price Trend in Maharashtra in August 2018

    • Continuing the daily revision in diesel prices, State-run oil companies revised the diesel price in Maharashtra on the 1st of August. A litre of diesel was sold at Rs.72.00 in Mumbai, this was also the lowest price registered during the month.
    • The increase in diesel prices continued during the course of the first and second week of the month in the back of an incline in crude oil rates.
    • Due to geopolitical tensions between the U.S. and Iran, after the former pulled out of the nuclear deal between the two nations, there were apprehensions of a possible shortage in oil supply leading to the rise in oil prices in the global market.
    • Several states including Rajasthan, West Bengal and Andhra Pradesh cut state-levied taxes on petrol and diesel; however, there was no respite for consumers in Maharashtra.
    • By the end of the month, the diesel price in Maharashtra stood at Rs.74.59 per litre, which is also the highest rate recorded during the month.
    • Overall, the diesel price trend in Maharashtra during August inclined sharply by 3.60% influenced by the significant rise in oil prices in the international market.

    Diesel Price Trend in Maharashtra in September 2018

    • On the 1st of September, a litre of diesel was sold at Rs.74.76 per litre in Maharashtra, this was also the lowest diesel price recorded during the month.
    • Diesel prices in Maharashtra during the first and second week continued to incline with no signs of a reduction.
    • Apart from the rising oil prices in the global market, the rupee fell to its lowest when it breached the Rs.72 mark against the US dollar.
    • Influenced by the significant rise in crude oil prices and the sharp fall in the exchange rate of the rupee, diesel prices began touching record levels in the month.
    • Prices were hiked relentlessly over the course of the month and by the end of the month, a litre of diesel was sold at Rs.79.40 in Maharashtra. This was also the highest diesel prices registered in the month.
    • The global crude oil price rose to a four-year high trading at $80 per barrel in the international market influenced by geopolitical tensions.
    • During the month of September, the diesel price trend was upward with an incline of 6.21%, impacted primarily by the steep increase in oil rates coupled with the record decline in the exchange rate of rupee over the U.S. dollar.

    Quarterly Diesel Price Trend in Maharashtra Between April and June 2018

    April May June
    Opening date price Rs.68.77 a litre Rs.70.20 a litre Rs.73.71 a litre
    Closing date price Rs.70.20 a litre Rs.73.76 a litre Rs.71.49 a litre
    Highest price Rs.70.24 a litre registered on 24th Rs.73.83 a litre registered on 29th Rs.73.71 a litre registered on 1st
    Lowest price Rs.68.77 a litre registered on 1st Rs.70.20 a litre registered on 1st, 2nd, 3rd, 4th, 5th, 6th, 7th, 8th, 9th, 10th and 11th Rs.71.49 a litre registered on 29th and 30th
    Trend Upward Upward Downward
    %Change +2.08% +5.07% -3.02%

    Diesel Price Trend in Maharashtra in April 2018

    • The diesel price on 1 April 2018 in Mumbai, the capital of Maharashtra, stood at Rs.68.77 per litre - the lowest price for the month.
    • During the first week, diesel prices in Maharashtra remained steady with a slight decrease in the price owing to the marginal decline in crude oil rates.
    • State-owned oil companies such as Indian Oil, Bharat Petroleum and Hindustan Petroleum revise diesel prices under the ‘Dynamic Fuel Pricing’ mechanism.
    • Under this pricing method, fuel companies include the preceding day’s crude oil price and the currency exchange value of the US dollar to arrive at the Retail Selling Price (RSP) of diesel.
    • However, diesel prices inclined during the second and third week as the global crude oil price increased marginally.
    • With crude oil rates rising, diesel prices increased to post its highest price of the month at Rs.70.24 per litre recorded on 24 April 2018.
    • Overall, the diesel price trend in Maharashtra reflected an upward trend of 2.08% influenced by the rise in the global crude oil price.

    Diesel Price Trend in Maharashtra in May 2018

    • On 1 May 2018, the diesel price in Maharashtra stood the same as the previous day recorded at Rs.70.20 per litre. This price continued till the 11 May 2018, which was also the lowest price of the month
    • Post 11 May 2018, fuel companies raised the diesel price in tandem with the rise in crude oil rate.
    • Fuel companies include the excise duty levied by the Centre and the Value Added Tax imposed by the respective State to the final selling price of diesel. Both the rates remained untouched, hence, the incline in diesel prices is solely attributed to the increase in crude oil rates.
    • Other domestic factors such as fuel company’s operational costs and commission to dealers were untouched as well.
    • By the end of the month, diesel prices touched a new high to stand at Rs.73.83 per litre in the State largely due to the significant rise in crude oil rates.
    • The considerable rise in crude oil rates is largely due to geopolitical tensions of a potential trade war between the US and China.
    • The diesel price trend in May in Maharashtra reflected an upward trend of 5.07% largely due to the incline in oil prices in the global market.

    Diesel Price Trend in Maharashtra in June 2018

    • With the decline in geopolitical tensions between the US and China, crude oil rates began to decline and on 1 June 2018, the diesel price in Maharashtra stood at Rs.73.71 per litre - the highest diesel price for the month.
    • Despite a decline in crude oil rates, the prices were significantly higher compared to the previous year. The Organisation of Petroleum Exporting Countries (OPEC) and its key ally Russia decided to meet on 22 June 2018 to address concerns over higher fuel prices across the globe.
    • By 20 June 2018, diesel prices fell by Rs.1.58 per litre in tandem with the oil price.
    • The OPEC and Russia agreed to increase production of crude oil to reduce the impact of higher fuel prices.
    • By the end of June, diesel prices in Maharashtra decreased to record its lowest rate for the month at Rs.71.49 per litre on 29 and 30 June 2018.
    • Overall, the diesel price trend in Maharashtra in June 2018 reflected a downward trend of 3.02% as OPEC and Russia agreed to increase the output which led to the fall in crude oil rates.

    Trend in Diesel Price in Maharashtra between January and March 2018

    January February March
    Opening date price Rs.63.43 per litre Rs.68.25 per litre Rs.66.35 per litre
    Closing date price Rs.68.15 per litre Rs.66.17 per litre Rs.68.58 per litre
    Highest price Rs.68.15 per litre registered on 31st Rs.68.37 per litre booked on 6 and 7 Rs.68.58 per litre booked on 31st
    Lowest price Rs.63.43 per litre registered on 1st Rs.66.17 per litre booked on 1 Rs.66.35 per litre booked on 1st
    Trend Upward Downward Upward
    % Deviation +7.44% -3.04% +3.36%
    Diesel Price Trend in Maharashtra

    Trend in Diesel Price in Maharashtra in January 2018

    • At BPCL, HPCL and IOCL, the fuel was valued at Rs.63.43 per litre in Mumbai, the capital city of Maharashtra, and Rs.62.35 per litre in Pune, the second largest city in Maharashtra on 1st.
    • A price difference of Rs.1.08 per litre is observed between these two cities because of the Value-added Tax, which was charged at 24.86% in Mumbai and 21.97% in Pune.
    • In January, the fuel price was neither constant nor decreased. As per dynamic fuel pricing, it continually accrued the price until the last day of the month. It is pretty interesting to notice.
    • On 15th, the diesel rate in Mumbai soared 3.64% to Rs.65.74 a litre. Conversely, it increased 3.73% to Rs.64.68 per litre on the same date. This upsurge was promoted by a steep increase in crude oil rates in overseas markets.
    • The overall growth rates were 7.44% and 7.50% in the capital city and Pune respectively in this month. This move was caused by a denigrated dollar and also the increased price of unrefined oil.
    • All the three fuel entities reported the highest rate to be Rs.68.15 per litre on 31st and the lowest rate to be Rs.63.43 per litre on 1 in Mumbai.
    • Likewise, in Pune, the lowest price was noted at Rs.62.35 per litre on 1st and the highest price at Rs.67.03 per litre on 31st.

    Trend in Diesel Rate in Maharashtra in February 2018

    • Under the dynamic fuel pricing framework, the fuel was valued at Rs.68.25 per litre and Rs.67.15 per litre in Mumbai and Pune respectively on 1st. The revision of the fuel rate was not affected by the Central Government’s budget.
    • On a weekly basis, crude oil costs have fallen significantly. Due to which, the weekly revisions have reported a stable downfall in the diesel price.
    • For instance, at the end of the week 2, the fuel rates were down 1.91% to Rs.67.6 per litre; 1.87% to Rs.66.33 per litre at the end of the week 3, and 0.24% to Rs.66.17 per litre at the end of the week 4 in Mumbai.
    • Similarly, in Pune, the diesel rates have fallen 1.11% to Rs.66.51 per litre at the end of the week 2, 1.86% to Rs.65.27 per litre at the end of the week 3; and 0.24% to Rs.65.11 per litre at the end of the last week.
    • In the capital city, at HPCL, Indian Oil and BPCL, the highest rate was logged at Rs.68.37 per litre on 31st. Conversely, the lowest price offer was booked at Rs.68.25 per litre on 1st.
    • A 3.4 downfall was noted in Mumbai whereas in Pune it was 3.03%. No other factors should be blamed for the downfall in diesel price except the changes in the price of unrefined oil.

    Trend in Diesel Price in Maharashtra in March 2018

    • In sync with the INR/USD exchange rate and the rate of crude oil (Indian Basket), the opening date price was declared at Rs.66.35 per litre in Mumbai.
    • The USD was depreciated to Rs.64.89 against the local currency on 7th and Rs.64.85 on 14th. Unrefined oil also gained a reasonable amount of demand during the first and second weeks.
    • Therefore, diesel slowly recovered its price to Rs.67.10 per litre during the first week, Rs.66.89 per litre on 14th, Rs.67.01 per litre on 22nd, and Rs.68.58 per litre on 31st in the city of Mumbai.
    • In Pune also, the fuel price jumped to Rs.65.95 per litre, Rs.65.84 per litre, Rs.65.79 per litre and Rs.66.79 per litre on 7th, 14th, 21st and 28th.
    • According to official sources, the fuel rates have increased by 3.36% in Pune and Mumbai this month. For the whole quarter, at Rs.68.58 per litre, the highest price was observed in March and the lowest rate at Rs.66.43 per litre in January.
    • Both the VAT and the excise duty were retained unaffected between January 2018 and March 2018.

    State Taxes and Diesel Price in Maharashtra

    As discussed earlier, state taxes form a major portion of diesel price in Maharashtra. Currently, the state government levies 28.41% VAT on a litre of diesel in Mumbai, Navi Mumbai, and Thane and in rest of the state it charges 25.38%.

    How often Diesel Price are Revised in Maharashtra

    Diesel prices in Maharashtra, similar to rest of the states, are being revised on a daily basis. The daily revision of diesel prices was introduced in June 2017 to bring transparency in the fuel pricing in India.

    Also called dynamic fuel pricing, the method aligns the diesel prices in the country to the international crude prices and currency exchange rate. As both the components change on a daily basis, diesel pricing will be revised every day. The new pricing passes even the slightest change in the international crude prices and the currency rates to the end customer immediately. The resultant price change will be in manageable currency limits unlike the previous fortnightly revision which used to give high price shocks to the customers.

    Ever since dynamic fuel pricing was implemented all the petrol pumps across the state have been updating the diesel prices every day by 6 a.m. While the automated fuel stations are controlled centrally and are receiving an auto update of revised diesel price, the non-automated petrol pumps are doing it manually.

    Customers can find the revised diesel prices on the respective websites of the oil companies. For petrol pump specific rate, they have to send an SMS with dealer code to a designated number. Dealer codes are available at the petrol pumps.

    Effect of GST on Maharashtra Diesel Price

    GST or the goods and services tax was introduced in India in July 2017 to make the taxew uniform across all the Indian states. Following the implementation of the GST regime, the prices of many of the products and services got affected both positively and negatively. However, the price diesel remain unchanged as diesel along with other fuels is currently kept outside GST. Meaning, the commodities are still being taxed as per the old tax regime, where state and central government levy various taxes.

    Therefore, the effect of GST on the diesel price in Maharashtra and elsewhere in India is zero.

    If at all it is brought under GST, diesel price would see a significant change in Maharashtra as the highest tax rate under GST is 28%, which is way lesser than the total taxes currently being charged on diesel.

    Diesel Rate versus Petrol Rate in Maharashtra

    Diesel in Maharashtra is cheaper than petrol because of the tax component involved in the pricing. Just like in any other Indian state, the state and central taxes levied on diesel are lesser than that of petrol, hence once could find the difference in the retail selling price of both of commodities.

    The Maharashtra government currently charges 47.94% VAT on a litre of petrol in Mumbai, Thane and Navi Mumbai and in rest of the state it charges 46.81%. The VAT on diesel is 28.41% in the three cities, while it is 25.38% in the rest of the state. The huge difference in the tax rate results in the price difference of petrol and diesel.

    Also Check Diesel Price in NearBy Cities of Maharashtra

    *Disclaimer: BankBazaar makes no guarantee or warranty on the accuracy of the data provided on this page, the prevailing prices are susceptible to change and provided on an as-is basis. We accept no liability for any loss arising from the use of the data contained on this website.

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    News About Diesel Price In Rajasthan Today

    • Are Petrol Prices in India not Declining as Much as The Global Crude Oil Prices?

      As the global crude prices are falling, motorists in India are enjoying the declining petrol prices. Since October 2018, petrol price have declined by over Rs.9.49 per litre and the price of diesel fell by Rs.8.02 in a little over a month. However, on the other hand, global crude oil prices, have lost nearly 30% from the peak of $86.70 a barrel hit since on October, 2018. There are two reasons why fuel prices do not fall as rapidly as the global crude oil prices. One, Indian Oil Marketing Companies follow the Gate Pricing to fix fuel prices, and the leading OMCs are in charge of setting the price. Second, domestic fuel prices depend on the international fuel price on a 15-day average.

      3 December 2018

    • Petrol and Diesel Rates Slashed Again

      The prices of petrol and diesel have witnessed a drop for the 5th straight day. The new rate of per litre of petrol in Delhi is Rs.77.56 while the price of per litre of diesel is Rs.72.31. Yesterday, the corresponding rates of petrol and diesel in Delhi were Rs.77.89 and Rs.72.85 respectively.

      In Mumbai, petrol is being retailed at Rs 83.07 per litre and diesel stands at Rs 75.76 per litre. In Chennai and Bengaluru, a litre of petrol costs Rs 80.56 and Rs 78.18 respectively. The rates per litre of diesel in the two southern cities are Rs 76.43 and Rs 72.70 respectively.

      The drop in the price of petrol has been due to a low sales tax or VAT of 27%. Earlier, the central government had slashed the fuel excise duty by Rs.1.5. It had also urged the state-run oil companies to introduce a reduction of Re.1 in the prices of per litre of petrol and diesel and pass on the benefit to the common man purchasing fuel.

      14 November 2018

    • Diesel Costs Rs.75.58 in Delhi, Rates Slashed by Rs.0.11

      Oil Marketing Companies (OMCs) on Thursday slashed the rates of diesel in the country. While the rates were cut by a mere Rs.0.11, it was enough to bring some relief to the consumers. Following the cut in the rates, diesel prices in the four metro cities of the country were as follows- Rs.75.58 in Delhi, Rs.79.24 in Mumbai, Rs.77.43 in Kolkata, and Rs.79.93 in Chennai. It needs to be mentioned that the cut in the prices of diesel came after the rates increased by over Rs.2.50 in the last 13 days. The central government had on October 4 cut the excise duty rates of fuel by Rs.1.50 to control the unprecedented rise in the fuel prices. Apart from cutting the excise duty rates, the government has also asked state-run oil companies to subsidise fuel by Re.1. However, the reduction in the prices was not able to be sustained as the entire amount was wiped out within two weeks due to rising fuel prices.

      22 October 2018

    • Diesel Rates Keep Soaring

      Petrol and diesel prices have been on a continuous incline in the country. Diesel rates were up 18 paise a litre to Rs.73.72 in the national capital, Delhi and 19 paise a litre to Rs.78.26 in Mumbai, the capital city of Maharashtra. When revised under dynamic fuel pricing on Saturday, diesel was priced at Rs.73.54 a litre in Delhi and Rs.78.07 a litre in Mumbai. The revision of fuel prices is done every day in tandem with the exchange rate and global crude oil rates. Fuel rates are cheaper in the city of Delhi since the sales tax in Delhi is lower compared to Mumbai, Kolkata and Chennai. The High Court of Delhi, on Wednesday, said, “The adoption of dynamic fuel pricing is an economy policy decision of the government and the courts are not supposed to interfere.”

      The Congress Party on Monday, 10 September 2018, had called the Bharat Bandh to fight against the Modi-led Government, which has not been able to curb fuel prices. 21 political parties also expressed their support to the bandh. The opposition party leaders demanded the inclusion of diesel and petrol under the realm of Goods and Services Tax (GST). There was no reaction from the government. Instead, it asked the state governments to reduce sales tax to cushion the impact of increasing fuel rates.

      19 September 2018

    • Every litre of Diesel Cost Rs.72.83 in Delhi

      Oil Marketing Companies (OMCs) hiked the prices of diesel on a day when the opposition parties of the country called for a Bharat bandh to protest the rising fuel prices. On Monday, the prices of the diesel were hiked by 22 paise in the national capital which saw every litre of diesel cost Rs.72.83. In Mumbai, the financial capital of the country consumers had to pay Rs.77.32 for every litre of diesel. It needs to be mentioned that since mid-August diesel prices have increased by Rs.3.84 per litre. The increase has been accounted to factors like high international fuel prices, rupee hitting a record low against the dollar, high excise duty rates etc.

      11 September 2018

    • Indian Oil Corporation Limited Declares 50% rise in Net Profit in Q1

      Indian Oil Corporation Limited, a state-run oil marketing company, has reported a 50% rise in its net profit in the first quarter. According to sources, the net profit of IOCL stood at Rs.6,831 crore in the first quarter of the present 2018-2019 financial year. It was Rs.4,549 crore during the same quarter previous year. The revenues from operation increased to Rs.1,49,747 crore in the Q1 financial year 2018-2019 from Rs.1,28,183 crore in the conforming quarter of the financial year 2017-2018. Moreover, the oil marketing company earned $10.21 on converting each barre of unrefined oil into fuels in the first quarter of FY 2018-2019.

      The GRM was $5.18 a barrel in the quarter 1, excluding the stock gain. During the same quarter last year, it was $6.44 per barrel. The company reported inventory losses in the first quarter of the present fiscal year 2018-2019. Sanjiv Singh, who is the current Chairman of Indian Oil, said “Our company marketed 21.6 million tonnes of petroleum products in the Indian market during the Q1. The refineries of IOCL processed 17.6 million tonnes of unrefined oil.

      14 August 2018

    • Petrol Prices Hiked for the Second Straight Day

      The prices of petrol were hiked for the second consecutive day by Oil Marketing Companies (OMCs) in the country on Friday. As per the rate chart released by the Indian Oil Corporation (IOC), every litre of petrol costs Rs.76.76 in the national capital. In the financial capital of the country i.e, Mumbai the price borne by consumers for every litre is Rs.84.14 while in other metros like Chennai and Kolkata, the rates are Rs.79.67 and Rs.79.42 respectively. The prices came into effect since 6:00 a.m on Friday as part of the daily revision of fuel prices scheme which came into effect since mid-June last year. It needs to be mentioned here that the prices of petrol had touched its all-time high on May 30 this year when every litre of petrol cost Rs.78.43.

      As of Friday, global oil prices saw a decline and were set for a second weekly fall. While Brent crude eased by 0.3% US crude dipped by 4 cents. Both the main benchmarks had suffered heavy losses on Wednesday given that traders focused on the return of Libyan oil to the market.

      16 July 2018

    • Diesel Prices Remain Unchanged Today

      Diesel prices remain unchanged today at Rs.67.68 a litre in Delhi, Rs.70.23 a litre in Kolkata, Rs.71.99 a litre in Mumbai and Rs.71.44 a litre in Chennai. Similarly, diesel has been priced at Rs.65.84 a litre in Agartala, Rs.65.03 a litre in Aizwal, Rs.68.19 a litre in Ambala, Rs.68.73 a litre in Bangalore, Rs.71.23 a litre in Bhopal, Rs.72.55 a litre in Bhubaneswar, Rs.65.72 a litre in Chandigarh, Rs.68.01 a litre in Dehradun, Rs.72.74 a litre in Gandhinagar and Rs.69.45 a litre in Gangtok. Over the last 24 days, prices of diesel were cut by Rs.1.63 a litre and Rs.1.80 a litre in Delhi and Mumbai respectively. Before 16 June 2017, diesel rates used to be revised once a fortnight.

      25 June 2018

    • Despite Rising Crude Oil Prices, Profits From Petrol Rebound in Asia

      After a long slump, petrol refining profits have rebounded in the backdrop of a seasonal splurge. However, higher crude or unrefined oil prices and the increase in energy-efficient or green cars has capped the gains. This is set to leave profit margins at historically weak levels. Asia’s petrol margin stood close to $9.60 barrels per day on 25 May 2018, which is quite above the 20-month low of $5.62 a barrel on 19 April 2018. State-owned oil company Bharat Petroleum Corporation Limited (BPCL) has hiked imports in recent weeks to meet the rising demand for petrol in the market.

      28 May 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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