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Diesel Price in Trivandrum (19th March 2024)

Today's diesel price in Trivandrum stands at Rs. 96.23 per litre. No change recorded in diesel's price compared to yesterday. Over the past 10 days, fluctuations have been observed, with prices ranging between Rs. 96.52 and Rs. 96.23. You can also view today's diesel prices in other districts of Kerala and compare them with the rates from the previous day, which already include state taxes.

Mar 19, 2024
₹ 96.23 ( ₹ 0.00 )

Last 10 Days Diesel Rate in Trivandrum

Date Price Price Change
Mar 18, 2024 ₹ 96.23 -0.20
Mar 17, 2024 ₹ 96.43 0.20
Mar 16, 2024 ₹ 96.23 0.10
Mar 15, 2024 ₹ 96.13 -2.40
Mar 14, 2024 ₹ 98.53 0.00
Mar 13, 2024 ₹ 98.53 0.00
Mar 12, 2024 ₹ 98.53 0.00
Mar 11, 2024 ₹ 98.53 0.26
Mar 10, 2024 ₹ 98.27 0.03
Mar 9, 2024 ₹ 98.24 0.00

Daily & Monthly Diesel Price in Trivandrum : Graphical Representation

Historical Diesel Price in Trivandrum

  • Diesel Rate in Trivandrum, March 2024
  • Diesel Price
    1st March ₹ 98.53
    19th March ₹ 96.23
    Highest rate in March ₹ 98.68 ( March 6th )
    Lowest Rate in March ₹ 96.13 ( March 15th )
    Over all performance Falling
    % Change -2.33%
  • Diesel Rate in Trivandrum, February 2024
  • Diesel Rate in Trivandrum, January 2024
  • Diesel Rate in Trivandrum, December 2023
  • Diesel Rate in Trivandrum, November 2023
  • Diesel Rate in Trivandrum, October 2023
  • Diesel Rate in Trivandrum, September 2023

Diesel rates are now revised every day on Trivandrum, but earlier once every two weeks, or fifteen days, the prices used to update. Today, checking the fuel rates before fuelling has become a vital thing as the slight change would make a difference if you load the fuel in large levels. The regular update of diesel price has been beneficial as the fuel consumers can stay updated with the latest price trend across the Trivandrum city.  Since the price adjustment is going to be very small, it might seem like it's not going to make a difference, but you're going to make a profit in the long run. Since the price adjustment is going to be very small, it might seem like it's not going to make a difference, but you're going to make a profit in the long run. Indian oil marketing firms such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum, etc., will every day set the new diesel price in India. But the price keeps changing on a regular basis due to some factors such as global price of crude oil currency exchange rate between Dollar and Rupee. Based on these fluctuations the oil firms in India will set diesel prices.  

Factors affecting the diesel rate of Trivandrum

There are several aspects determining the diesel rate of Trivandrum, rather than main variables, such as crude oil prices and the Rupee-Dollar exchange rate. The oil industry includes various costs before the overall retail price of diesel in an area, such as freight charges, processing charges, the margin of an oil company, entry fee, etc. However, the usual diesel price include the dealer's commission, the excise duty imposed by the government of the Union, and the VAT or local sales tax imposed by the state government. However, the other factors remain constant for the most portion, the global market factors for crude oil and the exchange rate of the rupee-dollar have the greatest influence on the diesel prices of the country.  Let's explore why the prices of crude oil fluctuate and how it affects the price of diesel in Trivandrum.

Supply and demand- Organization of Petroleum Exporting Countries (OPEC) is the world's largest producer of crude oil and its related allies, thereby impacting a wide variety of global price for crude oil. OPEC's 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 production of crude oil, which raises the price of crude oil on the international market.

Environmental disasters- The market price of crude oil is also impacted by some dispute or natural catastrophe since it could result in a deficit or an increase in demand for oil. In oil-producing or oil-consuming nations, political unrest or wars have an enormous impact on crude oil prices.

Supply of crude oil- Huge crude oil resources are being stockpiled by the major oil-producing and oil-consuming countries to keep their economy stable in the event of rising crude oil prices. They stock up and boost demand in the market to maintain steady pricing when oil prices are lower.   

Which mobile apps are beneficial to check the transparent diesel rate of Trivandrum? 

Fuel costs are updated regularly in all regions of the country. In Trivandrum, diesel consumers often experience challenges to inspect the city's exact and straightforward diesel price. Not only for diesel buyers in Trivandrum, but diesel customers in all other cities around the country are also facing this crisis. India's innovative oil firms, such as Indian Oil, Bharat Petroleum and Hindustan Petroleum, are indeed ready to maintain up-to - date with the latest and correct diesel rates in different ways for fuel consumers, such as SMS, mobile apps and customer service, with the current diesel costs in Trivandrum or any other city in India. Diesel buyers should now ignore their question about deciding the right price of diesel in the city by adopting those strategies.

Now it’s time to forget the old tradition named as SMS and toll-free numbers of tracking the diesel rates of the city, current electronic-age diesel customers can search and download specific OMCs' smartphone applications to access the current diesel rate whenever and wherever they want. The Dynamic Fuel Pricing framework has been introduced by India's leading oil companies since June 2017, leading to a regular adjustment of diesel prices across all the regions of the nation. Because of such variables, such as government taxes, currency fluctuations and more, diesel prices tend to vary on a regular basis. Therefore, the mobile applications produced by the oil firms allow you to experience the straightforward fuel cost of your city or Trivandrum. Below are the smartphone apps that help you to keep a closer eye on Trivandrum's modified and clear diesel prices without losing your leisure.    

 

Why is diesel exempt from GST?

From 16 July 2017, all transactions of goods and services in India were subject to a new taxation regime known as the Goods and Services Tax (GST). However, five petroleum products, including crude oil, gasoline and diesel, natural gas, and aviation turbine fuel (ATF), were exempt from GST. The Centre and the states were both opposed to the implementation of GST on the sale of gasoline and diesel. This is due to the fact that the Centre would lose more than Rs.20,000 crore in input tax credit due to excise duty, whereas states want to keep their revenue pool intact to meet any contingencies.

The total tax incidence of excise duty and VAT is around 45-50% on petrol and 35-40% on diesel, but the total tax incidence under GST is 28%, affecting both the Centre and the respective State's revenue. Furthermore, GST is levied as a percentage of the ex-factory price, which can have a significant impact on retail prices when refinery gate prices rise due to an increase in international crude oil prices, and vice versa.

However, if diesel is brought under the purview of GST, the retail price of diesel will fall dramatically, benefiting consumers the most.

 

What is the function and cost of diesel in Trivandrum?

Diesel is a necessary commodity for economic development. It provides a wide range of functionality in terms of efficiency, quality, and stability. When compared to other oils, diesel has excellent strength effectiveness. Diesel is used in almost every industry, including shipping, warehousing, and transportation. After all, Trivandrum is one of the major cities where diesel use is increasing all the time. As the number of diesel-powered vehicles, manufacturing industries, and engineering firms grows, there is a strong demand for diesel in the city. Everyone from Trivandrum should be aware of the process used to assess the price of diesel, the price breakdown of diesel, and the factors influencing diesel prices. A retail or dynamic diesel user must still know whether the diesel rate is affected by GST. Okay, let's take a look at the following related sections that will take you deep into both of these variables. The daily reform took effect in June 2017, replacing the previous adjustment of diesel pricing, in which the price is revised every two weeks.       

 

Benefits of Dynamic Fuel Pricing?

  • Fuel Transparency: It was difficult for fuel retailers to bring transparency to the previously used fuel revision system. The daily fuel pricing methodology enables Indian fuel companies to ensure transparency in reviewing and determining Lucknow fuel prices on a consistent basis.
  • OMC efficiency: There is no doubt that the three state-run fuel retailers can improve their operational competence by reducing the time and capital required to manage day-to-day operations. They can even ensure that diesel is consistently distributed to city residents.
  • Consumer Advantages: The system provides significant benefits to fuel users.

    Assume that the price of a litre of unrefined oil falls by Rs.2 per litre today, and that the unrefined oil closing price is used to determine the diesel price in Lucknow tomorrow. 

How Dynamic Fuel Pricing affects Trivandrum's diesel prices?


The "dynamic fuel pricing" approach was introduced in June 2017. This strategy was intended to adjust the price of diesel or petrol across India on a daily basis. The daily price update takes into account the currency exchange rate between the US dollar and the Indian rupee, as well as foreign crude oil. After the strategy is implemented across the country, this framework is used by all metropolitan areas, including trivandrum, for regular price changes.

The primary goal of this mechanism is to simplify diesel pricing so that officials are unable to regulate or manipulate the OMC (Oil Marketing Companies), as dynamic fuel pricing has been implemented in every city in India, including trivandrum. As a result of this system, fuel station distributors can now manage their resources and capital more efficiently.

 

 

 

 

 

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