Diesel Price in Ahmedabad (25th April 2024)
Today's diesel price in Ahmedabad is at ₹90.06 per litre, reflecting a slight decrease compared to yesterday's rate of ₹90.32. Over the past 10 days, fluctuations have been observed, with prices ranging between ₹89.95 and ₹90.06. You can also view today's diesel prices in other districts of Gujarat and compare them with the rates from the previous day, which already include state taxes.
Last 10 Days Diesel Rate in Ahmedabad
| Date | Price | Price Change |
| Apr 24, 2024 | ₹ 90.32 | 0.21 |
| Apr 23, 2024 | ₹ 90.11 | 0.00 |
| Apr 22, 2024 | ₹ 90.11 | 0.00 |
| Apr 21, 2024 | ₹ 90.11 | 0.01 |
| Apr 20, 2024 | ₹ 90.10 | 0.04 |
| Apr 19, 2024 | ₹ 90.06 | -0.05 |
| Apr 18, 2024 | ₹ 90.11 | 0.00 |
| Apr 17, 2024 | ₹ 90.11 | 0.16 |
| Apr 16, 2024 | ₹ 89.95 | -0.16 |
| Apr 15, 2024 | ₹ 90.11 | 0.05 |
Daily & Monthly Diesel Price in Ahmedabad : Graphical Representation
Historical Diesel Price in Ahmedabad
- Diesel Rate in Ahmedabad, April 2024
- Diesel Rate in Ahmedabad, March 2024
- Diesel Rate in Ahmedabad, February 2024
- Diesel Rate in Ahmedabad, January 2024
- Diesel Rate in Ahmedabad, December 2023
- Diesel Rate in Ahmedabad, November 2023
- Diesel Rate in Ahmedabad, October 2023
Diesel price in Ahmedabad
These days diesel prices are changing every day in Ahmedabad but earlier the price of diesel is updated once every fortnight. Today, monitoring the diesel rates before fuelling has become a vital thing as the slight change would make a difference if you load the fuel in large volumes. Adjusting the diesel rates is an advantage for the market, since consumers have an eye on rates. As the price adjustment will be very minimal, it may seem like it won't make a difference, but in the long run you 're going to making a profit. Oil marketing firms in India including Indian Oil, Bharat Petroleum, and Hindustan Petroleum etc. will set the new diesel price every day in India. The price of global crude oil is related to the Indian Diesel Price since the Indian oil firms will set the price of diesel based on the value of the Crude Oil price in the international markets. As we above discussed that the diesel price of Ahmedabad is revises every fortnight but now the price is updated every day after the June 17. The daily shift in the diesel price is undertaken by the Indian oil firms. So it's suggested to review the diesel of Ahmedabad before fuelling your vehicle, hence it will keep you updated with the latest price trend. Goodreturns.in helps you to search the right and updated diesel prices on a daily basis. If you have an eye on the regular modified diesel prices before heading to your job, it will be better.
What is Dynamic Fuel Pricing?
Know what approach is used for diesel prices? Most diesel customers may not have realised that we have a new system called 'dynamic fuel pricing' for diesel prices around the country today. It was released in June 2017.
Both state-owned diesel bunks have since regular been updating the prices of diesel in Ahmedabad. The step was introduced by Indian government to introduce clarity in the price of fuel and to promote the best practises of resource management. The price adjustment used to occur on the first and sixtieth of each month under the former fuel pricing system, which is also called the fortnight based revision. The fortnight-based analysis has been in place over the last fifteen years. The factors that control the diesel price are the same, regardless of the methods used to calculate the diesel rate. These are international crude oil prices and the INR to the USD exchange rate. The new framework for pricing fuel automatically shifts any variations in these two elements to end consumers of diesel fuel. This is why the price of diesel in Ahmedabad is slightly different presently. It has made it easier for city customers to access the new diesel rates through an SMS service, an online facility and a customer support centre. These facilities are provided by all leading oil brands including Shell Oil, Hindustan Petroleum, Bharat Petroleum and Indian Oil. If you're a wholesale diesel consumer in Gujarat's capital city, be ready to get the new diesel price.
What is the effect of the GST on the price of diesel in Ahmedabad?
The Goods and Services Tax (GST) is the country's main tax plan. Except for petrochemicals such as crude oil, engine oil, natural gas, diesel, and aircraft turbine oil, GST is inferred in nearly all goods and services. In order to maintain the profits generated by states from these goods, petroleum products have been placed outside the framework of GST. As a result, diesel prices in Ahmedabad have remained affected by GST to date. It is for the GST Council to determine whether to implement GST on diesel fuel or not.
How the diesel price of Ahmedabad is determined by the Dynamic Fuel Pricing mechanism?
After it was launched on June 17, the ideology termed as "dynamic fuel pricing" has been popular. In line with the exchange rate between the US Dollar and the Indian Rupee and price of crude oil, fuel prices tend to be changed on a regular basis. This price adjustment is conducted out every day (Indian Standard Time) at 6.00 AM. And hence, before filling your tank, it is often important to check the diesel of your city. Since Ahmedabad was integrated, all diesel stations followed the dynamic fuel pricing system across the city from June 17. The main priority of this initiative is to introduce fuel price clarity so that government bodies are unable to control or manipulate the OMCs (Oil Marketing Companies) as Dynamic Fuel Pricing has been introduced across the nation. In addition, the fluctuations in crude oil rates and the INR-USD exchange rate are some factors that determine the diesel rate and as a result the price of diesel keeps changing regularly under the Dynamic Fuel Mechanism, Hence, by adopting this daily revision strategy fuel station dealers can effectively control their capital flow and diesel consumers of Ahmedabad can get the updated and transparent price of diesel on a daily basis.
Factors influencing the diesel rate in Ahmedabad
There are several aspects of Ahmedabad's diesel price, rather than main variables, such as crude oil rates and the Rupee-Dollar currency value. The oil industry includes different charges before the final selling price of diesel in an area, such as shipping costs, refining charges, the profit of the oil company, entrance fee, etc. However, the standard diesel price include the dealer's commission, the excise duty imposed by the government of the Union, and the VAT or tax levied by the state government.
Whereas the other charges remain constant for the most part of the nation, the main market factors for crude oil and the exchange rate of the rupee dollar have the biggest impact on the diesel prices of the country. Let 's explore why the cost of crude oil differs and how it affects the price of fuel in India.
Demand and supply- The Organisation of Petroleum Exporting Countries ( OPEC) is the world's largest producer of crude oil and its related allies, thereby impacting a large variety of global rates for crude oil. OPEC regulations are affected by geopolitical changes in the region. As a result, any uncertainty created by any of the OPEC member countries also implies a lack of availability of crude oil, which raises the price of crude oil on the global economy.
Environmental tensions- The selling price of crude oil is also impacted by some dispute or natural catastrophe, since it could result in a shortage or an increase in demand for oil. In oil-producing or oil-consuming nations, political instability or wars have an enormous impact on crude oil prices.
Supply of crude oil- Massive crude oil stocks are being stockpiled by the major oil-producing and oil-consuming countries to keep their economies active in the event of rising crude oil prices. They stock up and boost production throughout the market to maintain steady pricing when oil prices are lower.
What are the other elements affecting the diesel price of Ahmedabad?
In India, diesel rates are dynamic in existence and are regularly modified. As the prices of global fuel oil vary, diesel prices are changed on a daily basis in accordance with the prices of crude oil. Apart from the price of crude oil, the currency exchange rate, tax rates and operating expenses have a key effect on diesel rates.
To determine how diesel prices are influenced by different factors, the elements listed below play an important role in the same.
Cost of crude oil- Crude oil is a foreign-origin commodity. If the cost of diesel oil increases globally, the retail price of diesel will increase. Similarly, as the cost of crude oil falls worldwide, the retail sale price of diesel will fall. Seasonal instability, currency exchange rate fluctuations, global imports, supplies, and political intervention in oil-producing companies are the source of crude oil prices.
Exchange Rate: The exchange rate is the rate at which one currency is exchanged with another. The USD / INR set is managed by the Reserve Bank of India. The bank measures the value of the USD against the INR. When the value of the USD falls against the INR, the cost of crude oil will decrease. If the USD increases against the INR, the price of crude oil goes up.
Excise duty and VAT- The tax on fuel prices is levied by the state and central governments. The tax that the central government implements on diesel remain the same in the state, but the tax that the state government introduces on diesel will differ from state to state. If the central excise tax increases, the diesel rate will increase. Similarly, if the central excise duty decreases, the rate of diesel will drop.
