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Diesel Price in Kolkata (17th November 2018)

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

Nov 17, 2018
₹ 73.60 /Ltr (₹ -0.30 )

Last 10 Days Diesel Rate in Kolkata

Date Price Price Change
Nov 16, 2018 ₹ 73.90 ₹ -0.05
Nov 15, 2018 ₹ 73.95 ₹ -0.10
Nov 14, 2018 ₹ 74.05 ₹ 0.00
Nov 13, 2018 ₹ 74.05 ₹ -0.23
Nov 12, 2018 ₹ 74.28 ₹ -0.04
Nov 11, 2018 ₹ 74.32 ₹ -0.12
Nov 10, 2018 ₹ 74.44 ₹ -0.16
Nov 9, 2018 ₹ 74.60 ₹ -0.33
Nov 7, 2018 ₹ 74.93 ₹ 0.00
Nov 6, 2018 ₹ 74.93 ₹ -0.09

Daily & Monthly Diesel Price in Kolkata : Graphical Representation

Historical Diesel Price in Kolkata

  • Trend of Diesel Rate in Kolkata, October 2018
  • 1 st October Rs.76.94
    31st October Rs.75.63
    Highest rate in October Rs.77.65 on October 1
    Lowest Rate in October Rs.74.80 on October 5
    Over all performance Falling
    % Change -1.73%
  • Trend of Diesel Rate in Kolkata, September 2018
  • Trend of Diesel Rate in Kolkata, August 2018
  • Trend of Diesel Rate in Kolkata, July 2018
  • Trend of Diesel Rate in Kolkata, June 2018
  • Trend of Diesel Rate in Kolkata, May 2018

Prices of diesel in Kolkata is now going to change everyday, as against the earlier practice of changing prices every fortnight.

It is important to understand that arriving at everyday diesel prices was a complex procedure, as it involved taking into account daily movement of crude oil and also the currency rate fluctuations. This was one of the reasons why diesel prices were not revised everyday and were revised once in 15 days. However, now since the oil marketing companies are better equipped to handle the price change, we are seeing daily revision in prices. One does hope that we would see a regular change in diesel rates continuing in the city of Kolkata. Do read goodreturns.in for the daily diesel rates.

Diesel Prices Hit New High In Kolkata

The prices of Diesel has reached the highest level in Kolkata. There is a continuous rise in the price of diesel not just in Kolkata but in the entire country. The main reason behind the surge in the prices of diesel is the surge in the prices of crude oil in the international market.

India depends on exports to fulfill the domestic requirements of fuel. Any impact on the prices of fuel at the global level is likely to affect the prices in the India domestic market as well.

Today’s diesel price in Kolkata is Rs 71.08 per liter, up by 0.19 paise from the previous day’s price. On January 1, 2018, the price of diesel per liter was recorded at Rs 62.36. The prices of diesel are up by almost 14% since January 1, 2018.

The rise in the prices of diesel will also trigger inflation rates in the country, which in turn will directly impact the economy of the country.

The strong dollar and declining rupee are also adding worry to the investors amidst the surge in the prices of the crude oil in the global market. There is a possibility that Indian rupee may further fall in the coming days and hit an all-time low or Rs 70 per US$1.

The rupee is down by more than 6% against U.S. dollar since the beginning of the year adding concerns over macroeconomic conditions.

24 May 2018

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