Diesel Price In UP (Uttar Pradesh) Today

Diesel Rate in Uttar Pradesh

Diesel price in Up (Uttar Pradesh) today is determined by state-owned oil firms based the daily ‘Dynamic Fuel Pricing’ mechanism. Here, you can check the current diesel price in Uttar Pradesh, find today's diesel price and the quarterly price trend in Uttar Pradesh. New diesel prices in Uttar Pradesh are updated by oil firms daily at 6:00 am IST.

Trend of Diesel Price in Uttar Pradesh for December 2022 (rates per litre):

Monthly Diesel Price Trend in Uttar Pradesh for December 2022

• Diesel prices opened the month of December standing at the rate of Rs.89.74 per litre in Uttar Pradesh. 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 December in Uttar Pradesh.
• In Uttar Pradesh, the last week of December closed with the price of the fuel standing at the rate of Rs.89.74 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Uttar Pradesh.

Trend of Diesel Price in Uttar Pradesh for November 2022 (rates per litre):

Monthly Diesel Price Trend in Uttar Pradesh for November 2022

• Diesel prices opened the month of November standing at the rate of Rs.89.74 per litre in Uttar Pradesh. 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 November in Uttar Pradesh.
• In Uttar Pradesh, the last week of November closed with the price of the fuel standing at the rate of Rs.89.74 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Uttar Pradesh.

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

Monthly Diesel Price Trend in Uttar Pradesh for October 2022

• Diesel prices opened the month of October standing at the rate of Rs.89.74 per litre in Uttar Pradesh. 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 Uttar Pradesh.
• In Uttar Pradesh, the last week of October closed with the price of the fuel standing at the rate of Rs.89.74 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Uttar Pradesh.

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

Monthly Diesel Price Trend in Uttar Pradesh for September 2022

• Diesel prices opened the month of September standing at the rate of Rs.89.74 per litre in Uttar Pradesh. 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 Uttar Pradesh.
• In Uttar Pradesh, the last week of September closed with the price of the fuel standing at the rate of Rs.89.74 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Uttar Pradesh.

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

Monthly Diesel Price Trend in Uttar Pradesh for August 2022

• Diesel prices opened the month of August standing at the rate of Rs.89.74 per litre in Uttar Pradesh. 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 Uttar Pradesh.
• In Uttar Pradesh, the last week of August closed with the price of the fuel standing at the rate of Rs.89.74 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Uttar Pradesh.

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

Monthly Diesel Price Trend in Uttar Pradesh for July 2022

• Diesel prices opened the month of July standing at the rate of Rs.89.74 per litre in Uttar Pradesh. 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 Uttar Pradesh.
• In Uttar Pradesh, the last week of July closed with the price of the fuel standing at the rate of Rs.89.74 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Uttar Pradesh.

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

Monthly Diesel Price Trend in Uttar Pradesh for June 2022

• Diesel prices opened the month of June standing at the rate of Rs.89.74 per litre in Uttar Pradesh. 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 Uttar Pradesh.
• In Uttar Pradesh, the last week of June closed with the price of the fuel standing at the rate of Rs.89.74 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Uttar Pradesh.

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

Monthly Diesel Price Trend in Uttar Pradesh for May 2022

• Diesel price in Uttar Pradesh opened the month of May standing at the rate of Rs.96.83 per litre.
• The highest diesel rate was recorded on 1 May wherein a litre of diesel was being traded at the rate of Rs.96.83. The lowest price of diesel was recorded from 22 to 31 May when it stood at the rate of Rs.89.74 per litre.
• In Uttar Pradesh, the month of May closed with the price of the fuel standing at the rate of Rs.89.74 per litre. There was an overall declining trend of -7.32% in the performance of diesel price in Uttar Pradesh.

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

Monthly Diesel Price Trend in Uttar Pradesh for April 2022

• Diesel price in Uttar Pradesh opened the month of April standing at the rate of Rs.93.20 per litre.
• The highest diesel rate was recorded on 30 April wherein a litre of diesel was being traded at the rate of Rs.96.83. The lowest price of diesel was recorded on 1 April when it stood at the rate of Rs.93.20 per litre.
• In Uttar Pradesh, the month of April closed with the price of the fuel standing at the rate of Rs.96.83 per litre. There was an overall inclining trend of 3.89% in the performance of diesel price in Uttar Pradesh.

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

Monthly Diesel Price Trend in Uttar Pradesh for March 2022

• Diesel price in Uttar Pradesh opened the month of March standing at the rate of Rs.86.80 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.93.20. The lowest price of diesel was recorded from 1 to 21 March when it stood at the rate of Rs.86.80 per litre.
• In Uttar Pradesh, the month of March closed with the price of the fuel standing at the rate of Rs.93.20 per litre. There was an overall inclining trend of 7.37% in the performance of diesel price in Uttar Pradesh.

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

Monthly Diesel Price Trend in Uttar Pradesh for February 2022

• The price of diesel in Uttar Pradesh opened the month of February standing at the rate of Rs.86.80 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 Uttar Pradesh 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.86.80 per litre.
• Diesel closed the month of February while being traded at the rate of Rs.86.80 per litre. The overall performance of the fuel witnessed a stability during the month of February in Uttar Pradesh.

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

Monthly Diesel Price Trend in Uttar Pradesh for January 2022

• In Uttar Pradesh, a litre of diesel cost Rs.86.80 at the start of the month. There was no change in the price charged for a litre when the rate was compared to the closing price of the previous month.
• Diesel price in Uttar Pradesh remained unchanged over the first month of 2022 with state-run Oil Marketing Companies (OMCs) deciding against changing the rates.
• The overall performance of diesel remained stable in the state.

How are diesel rates in Uttar Pradesh moving currently? Are they showing an increasing trend or a decreasing trend? To make a thorough analysis of diesel prices in the state, let’s consider the four major cities, which are Lucknow, Kanpur, Ghaziabad, and Agra.

Lucknow

Lucknow is the capital city of Uttar Pradesh. Between 7 October and 16 October, the average rate of diesel in the city was Rs.58.30. In September 2017, the highest and lowest rates were Rs.59.95 and Rs.58.43 respectively. On the opening day of the month, the rate was Rs.58.43. On the closing day of the month, it increased to Rs.59.91. In August 2017, the highest rate was Rs.58.36 and the lowest rate was Rs.56.46. Similarly, in July 2017, the lowest and highest rates were Rs.55.03 and Rs.56.39 respectively.

Kanpur

Kanpur is the second largest city, which is also the main center of industrial and commercial activities. In the city, between 09 October and 16 October 2017, the cost of diesel has reduced to Rs.57.89 from Rs.58.05. It has decreased to Rs.58.36 from Rs.59.52 between 4 September 2017 and 25 September 2017. Between 21 August 2017 and 28 August 2017, the price has increased to Rs.57.48 from Rs.57.46.

Ghaziabad

Ghaziabad is another major city in the state. In the city, the average price of diesel between 7 October 2017 and 16 October 2017 was Rs.58.20. In September 2017, the lowest and highest rates were Rs.58.34 and Rs.59.87 respectively. In August 2017, the highest and lowest rates were Rs.58.28 and Rs.56.38 respectively. In July 2017, the price has increased to Rs.56.32 from Rs.54.95 on the closing day of the month.

Agra

Agra is a famous tourist destination. In the city, between 21 August and 28 August 2017, the cost of diesel increased to Rs.57.40 from Rs.57.38. It further increased to Rs.59.36 between 04 September and 11 September 2017. Between 19 September and 25 September 2017, it reduced to Rs.59.46 from Rs.59.57. This was the overall trend in diesel prices in Uttar Pradesh over the last four months.

Daily Revision of Diesel Prices in Uttar Pradesh

The daily revision is the new system of fuel pricing that has been implemented in India on 16 June 2017. According to the new system, all diesel bunks across the state will update diesel prices on a daily basis. Since all state-run oil marketing companies have adopted the daily revision, diesel rates have seen a steady and constant growth. All automated diesel bunks will automatically revise diesel prices every day. All non-automated diesel bunks will manually revise.

Features of the daily revision

• Prices will be revised on a daily basis at 06:00 a.m.
• Diesel consumers will be aligned to market dynamics.
• The system brings transparency in fuel pricing.
• Bunk owners will be able to practice the best inventory management principles.
• Neither the central government nor the state government will interfere in fuel pricing.

Computation of Diesel Prices in Uttar Pradesh

The actual cost of diesel per litre is computed using the following equation:

Retail price = Cost of crude oil + Refinery transfer price + Profit margin of oil marketing companies + Commission charged by dealers + Excise duty + State levies (VAT)+ pollution cess

Crude oil is imported by Indian oil entities. The cost that is incurred by Indian oil companies in order to buy crude oil is called the cost of crude oil. Ocean freight is also included in the cost of crude oil.

Refinery transfer price is the cost, which is incurred by oil marketing corporations to convert raw oil into diesel. It is charged by refineries.

Oil marketing companies then add a certain percentage of profit margin on the total of the cost of crude oil and refinery transfer price.

The refined diesel will then be shifted from refinery stations to retail diesel stations. Diesel bunk owners charge a certain percentage of commission for supplying diesel to end consumers.

Excise duty is the tax imposed by the central government on diesel. It will remain unchanged throughout the country.

Diesel is also taxed by state governments, but the percentage of tax differs from one state to another. The percentage of tax imposed on diesel in Maharashtra is comparatively high among all Indian states.

Factors Affecting Diesel Prices in Uttar Pradesh

The Cost of Diesel will increase if:

• The cost of crude oil goes up in overseas markets
• The currency of the United States of America (USA) gains against the currency of India
• The central government decreases the excise duty
• The state government decreases VAT

The Cost of Diesel will decrease if:

• The cost of crude oil decreases in overseas markets
• The currency of the United States of America (USA) falls against the currency of India
• The central government increases the excise duty
• The state government increases VAT
• Factors affecting the cost of crude oil

The Cost of Crude Oil will increase if:

• The demand for crude oil increases
• Oil extraction activities are interrupted by unfavorable weather conditions
• The INR weakens against the USD

The Cost of Crude Oil will decrease if

• The demand for crude oil is stable
• Oil extraction activities remain unaffected by weather conditions
• The INR gains against the USD

Impact of GST on Diesel Prices in Uttar Pradesh

Present Scenario

• All petroleum products are not covered under the GST regime.
• The entire oil and natural gas industry has been kept outside the purview of GST.
• All industry participants continue to pay taxes as per the earlier system.

If GST is Imposed on Diesel:

• All industry participants have to follow the current and the GST framework.
• The compliance cost will be increased by 100%.
• The current price of diesel in Uttar Pradesh will fall by 20-30%.
• Diesel consumers will be benefited.
• The revenue source for the central and state governments is adversely impacted.

Also Check Diesel Price in NearBy Cities of Uttar Pradesh

*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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