Diesel Price in Visakhapatnam (26th April 2024)
Today's diesel price in Visakhapatnam is at ₹96.45 per litre, reflecting a slight increase compared to yesterday's rate of ₹96.17. Over the past 10 days, fluctuations have been observed, with prices ranging between ₹96.17 and ₹96.45. You can also view today's diesel prices in other districts of Andhra Pradesh and compare them with the rates from the previous day, which already include state taxes.
Last 10 Days Diesel Rate in Visakhapatnam
| Date | Price | Price Change |
| Apr 24, 2024 | ₹ 96.17 | 0.00 |
| Apr 23, 2024 | ₹ 96.17 | 0.00 |
| Apr 22, 2024 | ₹ 96.17 | 0.00 |
| Apr 21, 2024 | ₹ 96.17 | 0.00 |
| Apr 20, 2024 | ₹ 96.17 | 0.00 |
| Apr 19, 2024 | ₹ 96.17 | 0.00 |
| Apr 18, 2024 | ₹ 96.17 | 0.00 |
| Apr 17, 2024 | ₹ 96.17 | 0.00 |
| Apr 16, 2024 | ₹ 96.17 | 0.00 |
| Apr 15, 2024 | ₹ 96.17 | 0.00 |
Daily & Monthly Diesel Price in Visakhapatnam : Graphical Representation
Historical Diesel Price in Visakhapatnam
- Diesel Rate in Visakhapatnam, April 2024
- Diesel Rate in Visakhapatnam, March 2024
- Diesel Rate in Visakhapatnam, February 2024
- Diesel Rate in Visakhapatnam, January 2024
- Diesel Rate in Visakhapatnam, December 2023
- Diesel Rate in Visakhapatnam, November 2023
- Diesel Rate in Visakhapatnam, October 2023
Diesel rates are now modified every day in Visakhapatnam. Previously, rates adjusted once every two weeks, or 15 days. Today, verifying the fuel rates before fuelling has become a crucial element as the slight change would make a difference if you load the fuel in high levels. Changing the diesel rates is a positive for the market, since consumers have an eye on rates who purchase diesel on a daily basis. Since the rate adjustment is going to be very minimal, it might appear like it won't make an impact, but in the long run, you're going to make a difference. Indian oil marketing firms such as Indian Oil, Bharat Petroleum, Hindustan Petroleum, etc. will set the new price of diesel in India on a regular basis at 6 A.M every day. And this regular update will also affect the diesel price of Visakhapatnam. The global price of crude oil is relative to the price of fuel oil in India and, based on the trend of the price of crude oil in the international markets, the oil firms in India will determine the price of diesel. Visakhapatnam's diesel price was formerly updated every fortnight. But today the price of diesel is revised across all the cities of India including Visakhapatnam regularly from June 15, 2017. The daily adjustment in the diesel price is undertaken by the Indian oil firms. So it's suggested to review Visakhapatnam's diesel prices before you fill up in your vehicle at any fuel station. Goodreturns.in enables you to find the latest and revised diesel prices on a daily basis. Before going to your workplace, it would be better if you kept an eye on the website.
Diesel price in Visakhapatnam
Visakhapatnam is also the financial hub of the state of Andhra Pradesh and is rapidly becoming a major tourist attraction in South India.
The city has been chosen to be part of the 'Smart City Mission' of the government, to be built with advanced infrastructure to make the city pleasant and prosperous for people. The popular mode of travel for passengers is buses, private cars and taxis. Two-wheelers and four-wheelers are gradually growing to Visakhapatnam or Vizag's motorised vehicles density. A rise in the vehicle population has been reported in the port city of Visakhapatnam, and diesel use has decreased. In the public transportation system, diesel is mostly used, whereas private vehicles have been using the fuel significantly in the past decades. In Visakhapatnam, diesel prices can vary regularly depending on foreign and domestic components. The city is strongly backed by state-owned oil firms such as Indian Oil, Bharat Petroleum and Hindustan Petroleum by filling stations.
GST on diesel in Vizag
Goods and service are traded under the new Goods and Service Tax (GST) taxation regime. Presently, however, petrochemicals such as diesel and petrol have been barred. Compared to the benefit generated by GST, the revenue generated by the government by excise tax and VAT is higher. As existing taxes are higher than the higher GST tax slab, the government has not put diesel under GST regulation. Seen that, if the government agrees to implement diesel under the GST system, the price of diesel would drop dramatically in Visakhapatnam and across all the cities of India.
External and Internal Factors Influencing The Diesel Rates in Visakhapatnam
Diesel rates in India are volatile in nature and are updated on a regular basis. As the cost of global crude oil varies, diesel rates are modified on a regular basis in compliance with the international oil cost. Except the price of fuel oil, the currency exchange rate, taxation and operating expenses mainly affect the price of diesel.
To know how diesel prices are affected by external and internal influences, let's analyse each of these aspects.
US Dollar Exchange Rate: Trading of crude oil in the international market takes place in US dollars, so any difference in the dollar's exchange rate appears to shift the retail price of crude oil. The cost of importing crude oil rises if the US price increases, and vice versa. If the Indian Rupee is lower than the US dollar, as oil firms buy a barrel of crude oil, the cost of purchasing oil increases, thus raising the cost of diesel in Visakhapatnam.
Price of crude oil- India purchases more than 70% of its crude oil from oil-producing nations. Crude oil is India's main imported fuel, which renders it a pricey product. Therefore, any variations in the price of crude oil influences the country's price of diesel. Crude or unrefined adjustments in oil markets due to demand and supply patterns, economic tensions, production rises or decreases. Any decline in demand or shortfall in supply leads to an increase in the cost of crude oil, leading by the price of diesel in the region.
OMCs’ Profit Margin & Dealer Commission- Oil firms supply crude oil from countries that are producing oil, extract it to diesel and export it across the nation among all the fuel stations. These firms use the retail selling price of diesel in their gross margins and other operational charges. They also apply profit to the country's final selling price of diesel to distributors or petrol station's operator. Any adjustment of these charges would result in variations in the price of diesel in Visakhapatnam.
Taxation- Taxes imposed by the Centre and the State are the biggest chunk of the diesel price system. The excise duty and the sales tax or value added tax imposed by the state government are identical throughout the country.
Therefore, any adjustment in tax rates would lead to an alteration in the cost of diesel.
SMS facility and toll-free numbers of the OMCs to track the transparent diesel price of Visakhapatnam
The Top Indian Oil Firms have developed many methods to identify the accurate diesel price of Visakhapatnam as well as all the cities of the country on a regular basis. Out of which SMS and toll-free numbers of the OMCs is an approach to track the diesel price of the city from your comfort. Hence, you can check Visakhapatnam's exact diesel price effortlessly by following the below-mentioned procedures.
Via SMS- Type RSP DEALER CODE and send it to 9224992249
You can conveniently find Visakhapatnam's latest diesel price conveniently from the comfort of your home or workplace by dialling the following toll-free numbers of the oil firms.
Indian Oil- 1800 233 3555
Bharat Petroleum- 1800 22 4344
Hindustan Petroleum- 1800 233 3555
Oil companies are actively managing the diesel rate through their smartphone apps and official websites with the introduction of the dynamic fuel pricing method since June 2017. Furthermore, diesel prices in Visakhapatnam are responsible for the different factors, such as the price of crude oil and production costs. Due to different charges and local taxes in the state, each city's rates will differ slightly.
