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Diesel Price in Patna (19th March 2024)

Today's diesel price in Patna stands at Rs. 92.04 per litre. No change recorded in diesel's price compared to yesterday. Over the past 10 days, fluctuations have been observed, with prices ranging between Rs. 94.04 and Rs. 92.04. You can also view today's diesel prices in other districts of Bihar and compare them with the rates from the previous day, which already include state taxes.

Mar 19, 2024
₹ 92.04 ( ₹ 0.00 )

Last 10 Days Diesel Rate in Patna

Date Price Price Change
Mar 18, 2024 ₹ 92.04 0.00
Mar 17, 2024 ₹ 92.04 -0.06
Mar 16, 2024 ₹ 92.10 -0.22
Mar 15, 2024 ₹ 92.32 -2.04
Mar 14, 2024 ₹ 94.36 0.32
Mar 13, 2024 ₹ 94.04 -0.32
Mar 12, 2024 ₹ 94.36 -0.15
Mar 11, 2024 ₹ 94.51 0.19
Mar 10, 2024 ₹ 94.32 0.00
Mar 9, 2024 ₹ 94.32 -0.04

Daily & Monthly Diesel Price in Patna : Graphical Representation

Historical Diesel Price in Patna

  • Diesel Rate in Patna, March 2024
  • Diesel Price
    1st March ₹ 94.04
    19th March ₹ 92.04
    Highest rate in March ₹ 94.52 ( March 3rd )
    Lowest Rate in March ₹ 92.04 ( March 17th )
    Over all performance Falling
    % Change -2.13%
  • Diesel Rate in Patna, February 2024
  • Diesel Rate in Patna, January 2024
  • Diesel Rate in Patna, December 2023
  • Diesel Rate in Patna, November 2023
  • Diesel Rate in Patna, October 2023
  • Diesel Rate in Patna, September 2023

Diesel rates are now adjusting every day in Patna, but earlier the rates of diesel are revised once every fortnight. Actually, monitoring the fuel rates before fuelling has become a vital thing as the slight change would make a difference if you load the fuel in high amounts. Regular modifications in diesel rates is a benefit for the consumers of Patna as they can stay tuned with the regular price trend of diesel. Since the price shift is going to be very small, it could feel like it's not going to make a difference, but you're going to make a profit in the long run. Indian oil marketing firms such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum, etc., will every day set the new diesel price in India. The global price of crude oil is relative to the price of diesel oil in India and, based on the fluctuations of the price of crude oil in the global markets, the oil firms in India will set diesel prices. As we discussed above the diesel rate of Patna is previously updated fortnightly, but after June 2017 the price is updated on regular basis across all the cities including Patna in India. The daily shift in the diesel price is undertaken by the Indian oil firms. So it's suggested to review the current diesel price of Patna before fuelling your vehicle. Goodreturns.in helps you to search the latest and updated diesel prices on a daily basis. Before going to your workplace, it would be better if you kept an eye on daily updated diesel prices by visiting the site.    

Economy of the capital city of Bihar 

There are different factors influencing the price of diesel in Patna, but the international crude oil prices are the main element among them.

This is not the only part, however, that is used in defining the retail selling price of diesel in Patna. To make you properly consider, here is a comprehensive article that describes the different factors that influence Patna's diesel price and the form of fuel pricing system it uses. But before considering this let’s know the economy of Patna. In addition to being the capital, Patna is the largest city in the state of Bihar. It has a range of around 18 km and a length of 35 km. Patna is estimated to be the 19th largest city in India, with an approximate population of more than 2 million. The city is built on the banks of the Ganges River. It also interacts, therefore, with the Punpun, Gandak, and Sone rivers. Patna recognized as the second convenient area to set up a company, according to the World Bank. The city is estimated to be the 5th fast-growing city in India and the 21st in the world with massive growth. One of the main farming hubs and marketplaces in India has traditionally located in Patna. Sesame, medium-grained rice, barley, and sugar cane are among its effective exports. In addition, the city also has several sugar mills and is, in reality, a major business centre in Eastern India. Since 2005, the economy of Patna has exhibited continuous growth and is claimed to be the best in the FMCG (Fast-Moving Consumer Goods) region.   

Introduction of Dynamic Fuel Pricing Mechanism In Patna

The "dynamic fuel pricing" approach was implemented by the OMCs (Oil Marketing Companies) of the public sector on June 16, 2017, to adjust fuel prices on a regular basis depending on market dynamics and many other influences. On the first and sixteenth days of each month, petrol and diesel prices were revised before this concept was introduced.

That's why it was dubbed "fortnight fuel pricing." It had a number of limitations, however, and the process of dynamic pricing was introduced to counter them. Diesel is used not only for transportation but also for infrastructure activities, unlike petrol. Fuel serves an important role in the economic survival of every nation. The Dynamic Fuel Pricing System (DFPS) is a factor that controls fuel prices in line with exchange rates and unrefined or crude oil prices on a daily basis. The price adjustment happens at 6:00 a.m daily. Before you fuel your vehicle, it is therefore exceedingly important to validate the price of diesel. All diesel dealers have been following this new fuel pricing model since 16 June 2017 in Patna. The dynamic fuel pricing strategy was adopted in India after conducting a 40-day pilot in five cities. Although authorities are unable to approach oil marketing firms (OMCs), the process thus ensures diesel price stability. Under this mechanism, it would be useful to disclose variations in crude oil prices and the exchange rate of INR / USD to end-users. Dealers are able to easily monitor their supplies and operating resources. The convergence of consumers with market conditions continues due to the mechanism of dynamic fuel pricing.  

What are the factors influencing the diesel rates in Patna?

The selling price of a litre of diesel is expressed in the profit (or loss) and processing costs as well as the shipment to the customers. Although the fuel prices in Patna are influenced by many factors, the main components involve:

  • Price of crude oil
  • Profit margin of the OMCs and Dealers of the fuel stations
  • Cost of refining
  • Cost of marketing and distribution
  • Applicable taxes

Not only does the market price for one litre of diesel vary from time to time, but it also varies depending on a location's geographical area.

Price of crude oil- One of the largest and main factors influencing the price of diesel is the price of crude oil. One of the main raw materials for refining diesel is crude oil. Currently, 75% of the requirements for crude oil in India are fulfilled by imports. Therefore, the main factors of determining the retail price of diesel are foreign exchange rates and imported crude oil prices. Global supply and demand, on the other hand, participate in establishing the price of crude oil as well. Global economic trends add a significant contribution to the rising market for crude oil products. As diesel is one of the major fuels used for transportation, the appetite for diesel is generally based on economic factors. 

OMCs- An oil manufacturing firm is solely liable for the manufacturing of crude oil. Usually, these firms are a fusion of both the private and public sectors. Carin India Limited, Reliance Industries Limited, etc. are the private companies, while the public sectors include ONGC (Oil and Natural Gas Corporation), Oil India, etc. Currently, only about 25 percent of India's crude oil requirements can be achieved by both companies, and the remaining is imported.  

What Factors Influence Diesel Prices in Patna?

Diesel prices in patna have been fluctuating on a daily basis since the implementation of dynamic fuel pricing. As previously stated, the price revision is based on transnational crude oil rates and the INR/USD conversion rate. As a result, fluctuations in these two determinants have a direct impact on the RSP of diesel charged to patna consumers. For example, if the INR rises in value against the USD, the cost of crude oil falls, causing the RSP to fall. In the event that the USD rises against the INR, the cost of crude oil rises, causing the RSP to rise.

Diesel rates are also influenced by taxes.

How to Determine Diesel Prices?

The daily revision mechanism is currently used to determine diesel prices throughout patna. Dynamic fuel pricing is another term for the daily adjustment. In June 2017, India implemented the new system to increase transparency in fuel pricing. The new pricing system requires all diesel bunks in the state, whether automated or not, to revise diesel rates on a daily basis. In automated bunks, fuel pricing is handled automatically. In non-automated bunks, it is done manually. The Dynamic Fuel Pricing method takes daily fluctuations in global crude oil prices and the exchange rate into account. As we all know, the exchange rate and crude oil prices fluctuate on a regular basis. As a result, changes in these two determinants can be easily communicated to end users. This is the most important advantage of dynamic fuel pricing. Dealers will be able to put the best inventory management practises in place.

What causes Patna's diesel rates to be revised on a regular basis?


The 'Dynamic Fuel Pricing' method is used to update diesel prices in Patna and other cities across India. The previous day's international crude oil price and the US dollar exchange rate retail selling price (RSP) of diesel or petrol are included by state-owned oil companies such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum. As part of the dynamic fuel pricing process, the diesel price in Patna is updated every day at 6 a.m. IST. Prior to the regular revision of diesel prices, India adjusted or modified fuel prices every two weeks. Nonetheless, oil companies were forced to wait a fortnight before raising or lowering diesel prices, resulting in liabilities. As a result, the fortnightly approach was phased out on June 16, 2017, and the dynamic fuel pricing system was implemented.

By revising diesel rates on a regular basis, oil companies can effectively pass on the decline or increase in crude oil costs to consumers. Under the current trading framework, both consumers and oil companies can benefit from the current global crude oil price.

How Does Dynamic Fuel Pricing Affect Patna Diesel Prices?

The process of daily revising fuel prices based on the currency exchange rate of the Indian Rupee against the US Dollar and crude oil prices in international markets is referred to as dynamic fuel pricing. Because dynamic fuel pricing is used throughout the country, including Patna, the next step for this system would be to make diesel rates transparent. The benefits are as follows:

  • The government will have no control over oil and marketing companies.
  • Changes in crude oil prices and the USD-INR exchange rate can be easily tracked.
  • Keep an eye on changes in crude oil prices and the USD-INR exchange rate.
  • Gas station owners and operators can manage their finances and resources.

Elements Influencing Patna’s Recent Diesel Price

Diesel prices in Patna will fluctuate due to three factors: the INR/USD exchange rate, the market price of unrefined oil, the state government tax, and the central government tax. When the USD falls in value against the INR, the cost of unrefined oil falls, and vice versa. Finally, Patna’s fuel prices are impacted. The INR/USD exchange rate is set by the country's Central Bank in accordance with the inflation rate, export and import policies, bank interest rates, and so on.

The VAT component influences the price of gasoline. Consider the most recent developments. After cutting the excise duty by Rs.2 a litre, the Government of India had asked all the Indian states to cut the local tax. Except for Maharashtra, Uttar Pradesh, Madhya Pradesh, and Gujarat, no other states have reduced the local tax.

Fuel consumers in the country had hoped that the central levy would be reduced in the Union Budget 2018-2019. Despite a few changes, fuel prices (petrol and diesel) in the city of Patna remained unaffected.

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