• Diesel Price In Thane Today

    Daily Diesel Rates
    Date Diesel ( / liter)
    13 Dec 2018 ₹ 67.73
    12 Dec 2018 ₹ 67.73
    11 Dec 2018 ₹ 67.73
    10 Dec 2018 ₹ 67.95
    09 Dec 2018 ₹ 68.73
    08 Dec 2018 ₹ 68.73
    07 Dec 2018 ₹ 68.73
    06 Dec 2018 ₹ 69.16
    05 Dec 2018 ₹ 69.62
    04 Dec 2018 ₹ 69.62

    Diesel Price in Thane

    Diesel is one of the fuels that offers a huge array of efficiency, performance and energy compactness compared to other fuels. From transportation to construction and industrial production, diesel is used almost in all major industries.

    Thane, the metropolitan city in the Indian state of Maharashtra, just like its neighbouring city Mumbai, consumes a large amount of diesel with the number of diesel-run vehicles increasing every year. Further, due to the steady growth of industries and construction activities, the demand for the fossil fuel is high in the city.

    Also Know: Petrol Price In Thane

    As a regular consumer of diesel, somebody like you from Thane would like to know how the diesel price in the city is fixed, various components involved in diesel pricing, different factors that impact diesel rate on a daily basis, etc. The following information will help you understand all such components.

    Daily Revision of Diesel Prices in Thane

    Many of you might be wondering why diesel prices in Thane are being revised every day. Well, there is a reason behind it. Earlier, before the implementation of daily price revision, diesel prices in India were revised once in every 15 days. There were two revisions every month, once on the 1st of every month and next on 15th of the same month. The average crude oil price in the international market in the previous 15 days was considered to revise the price. The fortnightly revision led to sharp increase or decline in diesel prices, creating dismay among oil companies, fuel dealers and even end users.

    To avoid such a situation and to bring more transparency in diesel pricing in India, the government instructed Indian oil marketing companies (OMCs) to implement dynamic fuel pricing for all auto fuels across the country starting June 2017.

    Dynamic fuel pricing model is one of the popular fuel pricing mechanisms followed in many developed countries such as United States, Australia, Japan, Russia, Germany and many European countries.

    Using the pricing model, OMCs would revise fuel prices across the country every day by 6 a.m. Any rise or decline in international oil price will hence be transferred to the end user immediately through dynamic pricing model.

    The new pricing system will make consumers more aligned to market dynamics, may rein in speculative market forces, bring more transparency in petrol pricing, minimises the impact on the working capital of OMCs and fuel dealers, and has the potential to attract more private players in the fuel market which is dominated by state-owned companies. Further, it prevents government’s intervention in fuel pricing, thus eliminates political pressure.

    Diesel prices in Thane are hence being revised on a daily basis. The OMCs will revise the price every day based on previous day’s crude oil price and currency exchange rate. The same will be updated at all the petrol stations across Thane. While the stations equipped with automatic fuel stations will get an auto update of the price, for non-equipped stations, the price will be updated manually every day.

    How are Diesel Prices in Thane Calculated?

    Unlike regular products, diesel never comes with an MRP. The reasons - there are various components involved in pricing every litre of diesel. Further, all those components will not be included by a single manufacturer, as the fossil fuel moves from one stage to another while getting exposed to various processes, which results in additional charges being added at every new level. Let’s know in detail how diesel is priced in Thane or in any other city in India.

    The cost of diesel in Thane is computed by adding the cost price of crude oil, the cost of refining crude oil into diesel, the tax imposed on diesel by the state and central governments, the commission paid to dealers for supplying diesel from refinery centres, and pollution cess.

    Factors Affecting Diesel Prices in Thane

    The retail selling price (RSP) of diesel in Thane is primarily impacted by crude oil price in the international market, the currency exchange rate, and the tax component. On the other hand, the price of crude oil is affected by seasonal variations, weather reports, global demands, global political moves, demand and supplies, and the currency conversion ratio.

    The cost of diesel will increase if crude oil price in international market increases, Indian rupee declines against the US dollar, increase in state and central government taxes on diesel.

    On the other hand, the cost of diesel will decrease if the global fuel price reduces, Indian rupee strengthens against the base currency and when there is a downward revision of state or central government duty on diesel.

    The secondary factors that impact diesel price in Thane are the OMC’s profit margins and petrol dealers commission.

    The state-owned oil marketing companies (OMCs) namely, Indian Oil Corporation (IOCL), Hindustan Petroleum (HP) and Bharat Petroleum (BP), control the downstream oil market in India, which includes refining, processing and purifying of crude oil. The companies conduct the refining and distribution activities hence would charge marketing and distribution costs and profit margins to the cost price of diesel before selling it to the petrol pump dealers.

    Petrol pump dealers purchase diesel from the OMCs. They then add their commission, which factors in employee minimum wage, to every litre of diesel sold at their station. The dealers commission is typically decided by the OMCs, who would revise the same once every year.

    GST Impact Diesel Price in Thane

    Goods and Services Tax (GST) was introduced to replace all indirect tax forms. However, the GST regime does not influence the price of diesel as all petroleum products are kept outside the purview of GST. If GST is applied to petroleum products, their prices are likely to become cheaper for consumers.

    Frequently Asked Questions (FAQs) on Diesel Price in Thane

    1. Why does diesel price in Thane change every day?
    2. Diesel price in Thane changes every day because of the dynamic fuel pricing model implemented in India in 2017. The new pricing mechanism revises the diesel price in Thane every day to make it align with international crude oil price and the currency exchange rate. The updated price will be updated at all the petrol pumps in Thane at 6 a.m. every day.

    3. Why are diesel prices in Thane higher compared to diesel prices in other cities?
    4. An important factor that comprises diesel price in Thane is the value-added tax (VAT) charged by Maharashtra government. As the VAT charged by the state is higher compared to other states such as Bihar, West Bengal, Karnataka, etc., diesel price in Thane is slightly higher compared to other cities and states.

    5. Where would I get the cheapest diesel in Thane?
    6. Diesel price across the city of Thane remains the same except for a few minute differences. The state-owned fuel stations including Indian Oil, Hindustan Petroleum, and Bharat Petroleum offer best diesel price in Thane compared to private counterparts like Shell and Essar. Among the public sector players, Indian Oil offers the cheapest diesel price in Thane, whereas BPCL offers the highest.  

    Also Check Diesel Price in NearBy Cities of Thane

    Diesel Price In Mumbai Diesel Price In Nanded Diesel Price In Nashik Diesel Price In Solapur
    Diesel Price In Nagpur Diesel Price In Amravati Diesel Price In Sangli Diesel Price In Jalgaon

    *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 Thane Today

    • Diesel Prices Drop for the 19th Consecutive Day, Relief Spreads All Around

      Diesel prices had hit their highest ever limit just over two months ago due to a combination of a rising crude oil price and a falling Indian rupee. However, the last two weeks and five days have come as a major relief for commuters in the world as fuel prices have dropped for the 19th consecutive day.

      On Monday, both petrol and diesel prices dropped with diesel selling at Rs.73.16 per litre in Delhi - a Rs.0.20 per litre drop compared to the previous day’s rates. In Mumbai, Chennai, and Kolkata diesel was priced at Rs.76.67 per litre, 77.34 per litre and Rs.75.02 per litre respectively.

      The drop in prices is vastly due to the stabilising crude oil prices which have helped global rates drop to around $80 per barrel. Further the United States President’s sanctions on Iran, which was expected to cause fuel rates to increase hasn’t had previously suspected effects, as he has allowed India and various other nations to trade with Iran for the next six months, i.e., till the May of 2019.

      This, paired with a rising rupee and a buoyant Indian stock market has helped restore peace in the country which is set to go for election in just under 6 months.

      9 November 2018

    • Check Diesel Prices Today

      Diesel prices increased by 27 paise a litre in Delhi to Rs.74.62 and 27 paise a litre to Rs.76.47 in in Kolkata. They increased by 29 paise a litre to Rs.78.22 in Mumbai and 29 paise a litre to Rs.78.90 respectively in Chennai. On Wednesday, the cabinet of Meghalaya reduced the price of diesel price by Rs.2.5 per litre. With this initiative, the state government of Meghalaya is likely to incur a loss of 15 crore yearly. The Centre reduced the central tax by Rs.2.5 on petrol and diesel last week in order to reduce the fuel prices. Since the Central Government asked the states to reduce the fuel prices by Rs.2.5 a litre, 11 BJP-led state governments have followed the suit.

      15 October 2018

    • Diesel Prices Remain Unchanged in all Metro Cities

      The diesel prices in all the four metro cities of the country remained unchanged as of Friday. This is the third consecutive day that the prices of diesel remained stagnant in the metro cities. In the national and financial capital of the country i.e., Delhi and Mumbai the rates of diesel were Rs.73.87 and Rs.78.42. While in Kolkata and Chennai, every litre of diesel cost consumers Rs.75.75 and Rs.78.10 respectively. The prices in all the metro cities apart from Kolkata are at their record levels as of Friday. It needs to be mentioned that owing to high crude oil prices, fall in the Indian rupee against the US dollar and high excise duty rates has resulted in an increase of diesel prices since August 1.

      24 September 2018

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