Home  »  Fuel Price  »  Diesel Price  »  Haryana  »  Gurgaon

Diesel Price in Gurgaon (3rd December 2020)

Todays diesel rates in Gurgaon are very sensitive to global crude prices. We have been seeing an uptick in global crude prices, which has also pushed diesel rates in Gurgaon higher. Also, prices of the petroleum product have now been aligned to market rates. This means diesel price in Gurgaon will rise each time, global crude prices rise and the rupee falls against the dollar.

Dec 3, 2020
₹ 73.41 /Ltr ( ₹ 0.53 )

Last 10 Days Diesel Rate in Gurgaon

Date Price Price Change
Dec 2, 2020 ₹ 72.88 ₹ 0.04
Dec 1, 2020 ₹ 72.84 ₹ -0.15
Nov 30, 2020 ₹ 72.99 ₹ 0.15
Nov 29, 2020 ₹ 72.84 ₹ 0.39
Nov 28, 2020 ₹ 72.45 ₹ 0.20
Nov 27, 2020 ₹ 72.25 ₹ 0.06
Nov 26, 2020 ₹ 72.19 ₹ 0.35
Nov 25, 2020 ₹ 71.84 ₹ 0.01
Nov 24, 2020 ₹ 71.83 ₹ -0.02
Nov 23, 2020 ₹ 71.85 ₹ 0.37

Daily & Monthly Diesel Price in Gurgaon : Graphical Representation

Historical Diesel Price in Gurgaon

  • Trend of Diesel Rate in Gurgaon, November 2020
  • Diesel Price
    1st November Rs.71.12
    30th November Rs.72.99
    Highest rate in November Rs.72.99 on November 30th
    Lowest Rate in November Rs.70.85 on November 5th
    Over all performance Rising
    % Change +2.56%
  • Trend of Diesel Rate in Gurgaon, October 2020
  • Trend of Diesel Rate in Gurgaon, September 2020
  • Trend of Diesel Rate in Gurgaon, August 2020
  • Trend of Diesel Rate in Gurgaon, July 2020
  • Trend of Diesel Rate in Gurgaon, June 2020

Diesel price in Gurgaon

In Gurgaon, the price of diesel has risen comparatively as in previous months.

India has recently combined with a community of chosen nations such as Australia and the United States, and that's a big reason why the price of diesel is often fluctuating these days. Gurgaon is a highly centralized city in the south-west of New Delhi, however, for the past two decades, diesel use has been rising. It is used in different industries, such as shipping, engines and transmissions, gasoline, as well as other industrial plants. A small increase in the price of diesel therefore may have a significant effect on the state's overall financial well being. Now regarding Gurgaon, the current financial year is seeing a dramatic shift in the price of fuel. Until 16 June 2017, both diesel and petrol prices were updated every fortnight and it was based solely on the variations that emerge on the global crude oil market and the supply/demand dimension of the country.

With the new dynamic edition, therefore, oil marketing firms have reported that this regular adjustment has not only added greater clarity to the mechanism but also minimises the impact of rising/shrinking prices on the capitalization of dealers and firms. Overall, this method is implemented in almost all the established countries, including the United States and others. Although India has now moved to the latest fuel program, there's still definitely a strong possibility of introducing the regime to other oil and natural gas products such as kerosene, cooking gas, etc. 

How Dynamic Fuel Pricing Influences Diesel Price of Gurgaon?

From the time it was launched the concept so-called "dynamic fuel pricing" has been in trend. It helps in day-to-day adjustment of the fuel prices in accordance with exchange rate of currencies between Dollar and Rupee, crude oil, or unrefined fuel. This price adjustment is performed at 6.00 AM (Indian Standard Time) per day. Hence, verifying the fuel rates before filling your tank is always important. As far as Gurgaon is involved since 16 June 2017, all the diesel stations have been adopting the principle of dynamic fuel pricing. In fact, not only Gurgaon but this scheme has been adopted in every area across the country. The primary aim of "dynamic fuel pricing" is to introduce flexibility in fuel prices so that regulatory bodies are unable to impact or regulate the OMCs (oil marketing companies). Besides that, the fluctuations in the price of crude oil and the exchange rate of INR – USD can be readily conveyed to customers. Additionally, dealers are better able to manage their operating assets and supplies. 

How to check diesel price of Gurgaon?

Leading Indian Oil Firms have created many methods of monitoring daily diesel prices compared to the old rates of Gurgaon. Indian Oil Firms have established various methods without any hidden charges to witness diesel prices of the city. You can go via the oil companies' SMS, official websites, smartphone apps and toll-free numbers to check the latest diesel price of Gurgaon. 

Via SMS: To check the diesel price of the city through SMS just type RSP DEALER CODE, and send it to 9224992249.

Via toll-free numbers: You may also place a request through the oil company's issued toll-free numbers to find the price of diesel quickly. Indian Oil- 1800 233 3555, Bharat Petroleum- 1800 22 4344, Hindustan Petroleum- 1800 233 3555.

Diesel price of Gurgaon is updated regularly as we discussed above, hence it is also updated on a daily basis on the company's website and smartphone app of a particular company. You can do the same too without any hidden fees. Thus, Gurgaon's diesel price is dependent on the differing factors of demand for oil and the cost of supplies. Because of the different charges and fuel taxes, each city's rates will vary slightly across the state. 

How diesel price is revised in Gurgaon?

As related to other resources or commodities, the diesel price is also revised. As is the case with other commodities, the diesel price is also changed regularly. In modifying the price, global prices of crude oil and the currency exchange rate are taken into consideration. All oil marketing companies (OMCs) in India today follow the dynamic fuel pricing system that was introduced in June 2017. Dynamic Fuel Pricing is a mechanism by which regular fuel prices (petrol and diesel prices) are monitored and revised in line with the crude oil price and the currency exchange rate between US Dollar and Indian Rupee. It is suggested that the current price of diesel in Gurgaon must be checked on a regular basis. Bharat Petroleum, Hindustan Petroleum, and Indian Oil, all state-run oil marketing firms, adopt dynamic fuel pricing that aligns consumers with market patterns of diesel.  It indicates that the price determined on the basis of the parameters influencing fluctuations would be charged by diesel consumers of Gurgaon. In terms of diesel rate of Gurgaon and all other cities of the country the Dynamic Fuel Pricing mechanism delivers transparency and accuracy.  

Factors impacting the diesel rates in Gurgaon

Sometimes, we see the price of diesel always rising. So, have you ever asked what causes the Indian government to increase or decrease the price of fuel? A popular truth linked to it is that this is undertaken by the Indian government or the oil companies out of envy or to make massive money. This is not real, though. While democracy allows us all the freedom to form and express ideas, it is important to take an impartial viewpoint and concentrate on truth. In view of this, here are a few variables that have a clear effect on diesel prices and how the government of a country has to predict the new rates relying on them. Accept that fuel is a basic foreign product and costs in one country will quickly be affected due to demand and some other factors as well. Although the factors mentioned below are linked to global fuel prices, India also has a fair impact on them.

Demand- As already said, the price often goes up as the demand rises. This extends to all the commodities including diesel over the world. The price of diesel is comparatively low as opposed to petrol and this is a primary explanation why motorists choose to use diesel-based automobiles. In emerging countries like India and also developed countries like the United Kingdom, the United States, China, Europe, and Canada, this again raises the market for diesel. Understand U.S. for instance. The U.S. has seen over 40 percent-50% on diesel vehicles in the last couple of years. Advancing countries like India and China, on the other hand, saw a significant spike in cumulative diesel vehicle demand by 30 percent.

Seasonal variations- Both diesel and petrol will have a major impact on the weather. The demand for fuel will rise dramatically in summers all over the globe and that's because people go out on summer breaks. Thus, the more transport (through airlines, trains, commercial vehicles, etc.), the more oil is required. As a general concept, the price of diesel rises automatically if there is a demand. Winter, on the other side, influences the demand for diesel in a related manner. While this does not extend to India, there would be increased use of heating systems and other gadgets by other foreign countries, rendering the need for diesel much higher. This is how demand and costs both surge.  

International Variables- Crude oil is the main component needed to manufacture diesel. As it is a major international product, countries such as China, the United States, and the Middle East would be impacted by even a small decision made to do just that. For starters, the United States agreed to use ULS (Ultra-low Sulphur) fuel around a decade ago. However, the cost of refining diesel to sulphur fuel is exceedingly high, and the price of diesel has risen as a result.

Transportation- The cost of transport is a further significant element that influences the price of diesel in a region. It is the cost used to cover the gap between a fuel station and point of supply. And although the areas far from the Gulf Coast seem to have high diesel costs, there would be lower prices for those nearby.    

 

Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X