Diesel Price in Nagpur (25th April 2024)
Today's diesel price in Nagpur is at ₹90.75 per litre, reflecting a slight decrease compared to yesterday's rate of ₹90.89. Over the past 10 days, fluctuations have been observed, with prices ranging between ₹90.52 and ₹90.75. You can also view today's diesel prices in other districts of Maharashtra and compare them with the rates from the previous day, which already include state taxes.
Last 10 Days Diesel Rate in Nagpur
| Date | Price | Price Change |
| Apr 24, 2024 | ₹ 90.89 | 0.34 |
| Apr 23, 2024 | ₹ 90.55 | -0.13 |
| Apr 22, 2024 | ₹ 90.68 | 0.16 |
| Apr 21, 2024 | ₹ 90.52 | -0.55 |
| Apr 20, 2024 | ₹ 91.07 | 0.35 |
| Apr 19, 2024 | ₹ 90.72 | 0.21 |
| Apr 18, 2024 | ₹ 90.51 | -0.01 |
| Apr 17, 2024 | ₹ 90.52 | 0.00 |
| Apr 16, 2024 | ₹ 90.52 | 0.00 |
| Apr 15, 2024 | ₹ 90.52 | 0.00 |
Daily & Monthly Diesel Price in Nagpur : Graphical Representation
Historical Diesel Price in Nagpur
- Diesel Rate in Nagpur, April 2024
- Diesel Rate in Nagpur, March 2024
- Diesel Rate in Nagpur, February 2024
- Diesel Rate in Nagpur, January 2024
- Diesel Rate in Nagpur, December 2023
- Diesel Rate in Nagpur, November 2023
- Diesel Rate in Nagpur, October 2023
Diesel price in Nagpur
Nagpur, a city in Maharashtra, is one of India's biggest cities in terms of fuel use, with an increasing number of fuel-run vehicles and manufacturing units involved. Diesel is used by retail and industrial consumers respectively. Retail consumers could be travellers while corporate consumers could be the operators of manufacturing unit. The diesel rate in Nagpur is also rising with growing usage in Nagpur as compared to other cities of India. Well, we are now in the generation of dynamic fuel pricing that accentuates the previous adjustment imposed on a fortnightly basis. The basic difference between dynamic fuel pricing and revision based on fortnightly is the frequency of revision. The current dynamic method to fuel pricing modifies the diesel price of Nagpur on a daily basis, while the former fuel pricing mechanism used to change the fuel cost every fortnight. Until implementing this framework India conducted a 40-day pilot in 4 cities. Currently, all diesel outlets around the country use this process, and it was launched in July 2017. The framework recognises the currency exchange rate between Dollar and Rupee and the crude oil prices in global markets. Since these two factors alter daily resulting the daily change in the diesel price of Nagpur.
Adoption of Dynamic Fuel Pricing in Nagpur
Will you like to know which technique is being used at Nagpur for diesel pricing? Numerous diesel consumers may not have understood that now we have covered with the new model named as 'dynamic fuel pricing' for nationwide diesel rates, introduced on June 17. And after the introduction of this mechanism all state-owned diesel bunks have been monitoring diesel prices in the city every day. The Indian government has undertaken to explain the cost of diesel and encourage sensible measures for asset management. The price adjustment used to occur on the first and sixtieth of each month under the former diesel pricing system, which is often called the fortnight-based adjustment.
The fortnight-based revision has been operating for the past 15 years. Regardless of the methods used to determine the cost of diesel, the reasons which affect the price of diesel are the same. These are the international prices of crude oil and the INR's exchange rate with the USD. The new fuel price mechanism explicitly drives all variations in all of these elements toward diesel end users. This is why the Nagpur diesel prices are apparently drastically different. The dynamic fuel pricing has also helped city customers to access the new diesel prices through an SMS app, an online platform and a customer service centre. Such facilities are offered by all major oil firms, including Shell Oil, Hindustan Petroleum, Bharat Petroleum and Indian Oil.
Advantages of Dynamic Fuel Pricing
Yeah, we are currently in the dynamic fuel pricing environment that reflects the previous fortnightly-based modification. The frequency of the revision is the basic distinction between dynamic fuel pricing and fortnightly based fuel pricing mechanism. The new dynamic fuel pricing strategy modifies diesel price in Nagpur on a regular basis, while the previous fuel pricing mechanism used once a fortnight to adjust the diesel price. However, the approach the pricing of fuel is conducted is the same. Until implementing this framework, India conducted a 40-day pilot in 4 cities. Presently, all diesel outlets around the nation use this process and it was introduced in July 2017. The mechanism takes into consideration the exchange rate of the Indian currency against the currency of the USA and the multinational markets for crude oil prices. Although these two factors differ on a daily basis, which results to a daily revision in the diesel rate of Nagpur. For both oil marketing companies (OMCs) and diesel customers, dynamic fuel pricing is beneficial. OMCs, the gap between existing assets and existing liabilities, can handle assets and cash flow effectively.
It's really possible to bring transparency to fuel pricing. In addition, the current liabilities and cash outflows of all OMCs, namely Hindustan Petroleum, Bharat Petroleum, Indian Oil and Shell Oil, can be efficiently controlled due to dynamic fuel pricing mechanism. By requiring them to pay market-determined prices, dynamic fuel pricing aids diesel customers in Nagpur respectively.
How to check the transparent diesel price of Nagpur?
Hindustan Petroleum, Indian Oil and Bharat Petroleum supply and publicise diesel. But you may have always asked yourself, as a diesel user of HPCL, BPCL or IOCL, how can I check the actual diesel price of Nagpur and from where I can get it. Alright, for you smartphone apps or SMS, there are two alternatives. If you are using a smartphone, be prepared to use customised mobile applications offered by OMCs. SmartDrive is a BPCL-designed and deployed smartphone application for its regular customers. Similarly, IOCL has built a mobile application called Fuel@IOC. It is recommended that HPCL customers can download and access the My HPCL app to monitor your city's straightforward diesel price.
SMS facility to check the actual diesel price of Nagpur
- Indian Oil provides an SMS service for its regular customers who need to send an SMS message to 9224992249 in the specified format. Fill in and send the RSP DEALER CODE to 9224992249.
- In a specified format, an SMS can be sent to 9223112222 by BPCL customers. Type RSP Dealer Code and send it to 9223112222.
- Similarly, by sending an SMS to 9222201112 the diesel consumers of Nagpur can type HPPRICE DEALER CODE and send it to 9222201122 to track the transparent diesel price of Nagpur.
How the diesel price is influenced by Dynamic Fuel Pricing Mechanism in Nagpur?
After it was launched on June 17, the idea of so-called "dynamic fuel pricing" has been developing.
In line with the currency exchange rate between the US Dollar and the Indian Rupee and global crude oil, fuel prices tend to be changed on a regular basis. This price adjustment is carried out every day (Indian Standard Time) at 6.00 AM. Therefore, before filling your tank, it is often essential to inspect the diesel price of the city. Since Nagpur was affected by the Dynamic Fuel Pricing Mechanism, all diesel stations followed the dynamic fuel pricing system across the city from June 17 in result. The main priority of this framework is to introduce fuel price clarity so that government bodies are unable to control or manipulate the OMCs (Oil Marketing Companies) after Dynamic Fuel Pricing has been introduced across the country, including Nagpur. In particular, the fluctuations in crude oil rates and the INR-USD exchange rate can be efficiently delivered to clients, and by understanding this process, fuel station dealers of Nagpur can effectively control their money and time.
