Home  »  Diesel Price  »  Maharashtra  »  Mumbai

Diesel Price in Mumbai (23rd October 2018)

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

Oct 22, 2018
₹ 78.54 /Ltr (₹ -0.28 )

Last 10 Days Diesel Rate in Mumbai

Date Price Price Change
Oct 21, 2018 ₹ 78.82 ₹ -0.18
Oct 20, 2018 ₹ 79.00 ₹ -0.13
Oct 19, 2018 ₹ 79.13 ₹ -0.11
Oct 18, 2018 ₹ 79.24 ₹ -0.11
Oct 17, 2018 ₹ 79.35 ₹ 0.00
Oct 16, 2018 ₹ 79.35 ₹ 0.24
Oct 15, 2018 ₹ 79.11 ₹ 0.09
Oct 14, 2018 ₹ 79.02 ₹ 0.20
Oct 13, 2018 ₹ 78.82 ₹ 0.31
Oct 12, 2018 ₹ 78.51 ₹ 0.29

Daily & Monthly Diesel Price in Mumbai : Graphical Representation

Historical Diesel Price in Mumbai

  • Trend of Diesel Rate in Mumbai, September 2018
  • 1 st September Rs.74.76
    30th September Rs.79.40
    Highest rate in September Rs.79.40 on September 10
    Lowest Rate in September Rs.74.76 on September 1
    Over all performance Rising
    % Change +5.84%
  • Trend of Diesel Rate in Mumbai, August 2018
  • Trend of Diesel Rate in Mumbai, July 2018
  • Trend of Diesel Rate in Mumbai, June 2018
  • Trend of Diesel Rate in Mumbai, May 2018
  • Trend of Diesel Rate in Mumbai, April 2018

Beginning from June 15, 2017, Diesel prices in Mumbai are to be revised on daily basis. This revision will be done by the oil companies in India such as Hindustan Petroleum, Indian Oil, etc.

Daily Diesel Prices in Mumbai Revises

Before, it was not easy to change the Diesel price on daily basis. For the first few days, there was change very little change in the Diesel prices. This small change in the Diesel price in Mumbai such as 10 paise or 15 paise will not seem like a burden for the consumer. But if the price changes by Rs 3 or Rs 5 every two weeks it will be hard for the consumer to absorb. We on goodreturns.in are providing Diesel prices on a Daily basis and the first change happens at 6 AM in the morning. In case if you want to check the Diesel Price in Mumbai before filling, you can visit our website and check the updated Diesel prices daily.

Diesel Prices Down in Mumbai By 9 Paise

The prices of diesel have been cut in Mumbai by 9 paise per litre bringing down the total price to Rs 72.56. The move comes in amidst the drop in the crude oil prices in the global market.

The domestic oil marketing major, Indian Oil Corporation announced about the price cuts in its official website. The price change comes into effect starting from 6 am in the morning.

The rates of crude oil fell in the global market as the OPEC member countries have increased the oil output production as discussed during the last month’s OPEC meet. The increase in the supply of oil has kept the rates of fuel under check and has thus led to the decline in the crude oil rates in the global market.

India depends on oil imports to a great extent from oil-producing countries. Around 80% of oil imports are required to fulfill the domestic requirements, which has led to the increase in the import bill of the country.

19 July 2018
Diesel prices in Mumbai rally

Prices of diesel in Mumbai rallied after for the 12th straight day, rising to Rs 73.20, up by 26 paise. The oil marketing companies had frozen the prices, ahead of the Karnataka state elections, but raised the fuel prices following the successful completion.

It is likely that we will see diesel prices flatten after somedays, as crude prices have been dipping. Brent Crude has fallen marginally today to $78, after hitting $80 per barrel.

If prices keep dipping, we will see a reduced price for the commodity in cities like Mumbai.

In fact, the government is weighing options to ask exploration major, ONGC to bear the costs of windfall gains in the price of petroleum products.

It may also look at including diesel and bring it under the ambit of the GST. This means the rates would reduce dramatically, bringing respite for consumers.

27 May 2018
Diesel price in Mumbai hits Rs 72.76 per litre

Fuel prices in the city of Mumbai began hurting investors, with petrol and diesel both gaining hugely in the last 10 days.  Diesel prices at the retail outlets in Indian Oil Company, BPCL and HPCL were at Rs 72.76 in the major Indian cities.

It is likely that we will see a further rally in prices, if Brent Crude goes beyond the $85 per barrel mark. In fact, the real worry for diesel rates in the city of Mumbai continues to also be the falling rupee. India meets 70 per cent of its crude requirements from imports and a drop in the rupee also tends to impact the price of the fuel.

 Diesel prices in Mumbai have now rallied for 10 straight days gaining as much as Rs 2 in the last 10 days itself. There may now be little respite for consumers, unless the government cuts excise.

23 May 2018
Diesel prices in Mumbai jump

Diesel prices in Mumbai smashed earlier records, as globally all forms of crude oil rallied. This is the first time, we are seeing diesel rates in Mumbai retailing at such high rates.

The rate for one litre diesel at IOC, HPCL and BPCL stood at Rs 72.22 in the city of Mumbai. In fact, Brent Crude has now crossed levels of $80, which has posed further risk of the fuel price increasing in various Indian cities. The government would have to evolve a mechanism to reduce prices as this may lead to a rise in inflation.

The one option is to cut excise rates on diesel. However, it happened last year as well the government cut the excise duty, which resulted in a loss of revenue of Rs 25,000 crores.

The falling rupee is also looking worrisome for the fuel. The rupee has hit 68, which is making imported crude expensive and hence diesel prices across the country.

21 May 2018

Find IFSC

Get Latest News alerts from Goodreturns

Get Latest News alerts from Goodreturns

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more