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Diesel Price in India (17th April 2021)

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In India with effective from June 15, 2017, Diesel prices are to be revised daily. Earlier, Diesel prices used to change every two weeks. Day by day Diesel costs revision is an excellent move to take for various reasons. The first and the most significant about the change in Diesel price is that it enables you to effectively understand the alterations in day by day diesel price in India. At the point when Diesel price is modified or changed every two weeks, there will be a big difference in the price, which puts the big burden on the customer.

Today's Diesel Price in Indian Metro Cities & State Capitals

City Today Price Yesterday's Price
New Delhi ₹ 80.73 ₹ 80.73
Kolkata ₹ 83.61 ₹ 83.61
Mumbai ₹ 87.81 ₹ 87.81
Chennai ₹ 85.75 ₹ 85.75
Gurgaon ₹ 81.31 ₹ 81.31
Noida ₹ 81.16 ₹ 81.07
Bangalore ₹ 85.60 ₹ 85.60
Bhubaneswar ₹ 87.87 ₹ 87.98
Chandigarh ₹ 80.43 ₹ 80.43
Hyderabad ₹ 88.05 ₹ 88.05
Jaipur ₹ 89.37 ₹ 89.20
Lucknow ₹ 80.94 ₹ 80.96
Patna ₹ 86.24 ₹ 86.41
Trivandrum ₹ 86.75 ₹ 86.75

Factors affecting the price of Diesel in India

The oil marketing firms in India recently introduced the daily revision of diesel prices in India.

With the introduction of this rule in India, the price of diesel varies across India; there is a daily revision of retail fuel price in India.

The following are the major factors that affect the price of diesel in India

Cost of Crude Oil – The cost of crude oil is one of the major components which determines the diesel price across the globe. Worldwide demand and supply and economic conditions of crude oil determine the diesel prices. Low production rate, increase in international demand, and any political unrest in the crude oil producing countries of the world seriously affects diesel price.

Demand and Supply of Diesel Fuel – The fleet vehicles in the country mostly depends upon petrol. If the supply of petrol reduces as a result of refinery problem or lagging imports, diesel stocks may decline. If the transportation for the supply of diesel from one place to another place cannot support the flow of supplies, then the prices of diesel remain comparatively high. This affects the prices of diesel in India, which mainly depends on the export of diesel from foreign countries.

Tax Rates – The tax rates of diesel depends on the local government policies on imposing taxes on fuels. As and when the government of India raises the tax on fuels the oil companies will also increase the price of diesel in India to recover losses and to maintain the marginal profits in its oil business.

Rupee – The rupee-dollar exchange rate also acts as a factor which influences the diesel price in the country. Indian oil companies pay to the oil imported from other countries in terms of US dollars, but they incur expenses in terms of rupee. When the rupee value strengthens against the dollar and the price of the crude oil is declining, then the oil companies tend to gain and vice-versa.

Logistics – Logistics also acts as a factor which affects the pricing of the diesel in India. Diesel transported to longer distances to cities or regions farther from depots will be priced higher than the places nearer to the storage area of the oil companies. The difference may be huge between cities which are far from each other this is the reason behind the difference in prices of diesel in different cities across the country. For example, petrol price in Chennai is Rs. 66.84 per litre for January 24, 2018, and the same diesel price is Rs. 66.04 per litre in Kolkata.

About Diesel 

Diesel which is one of the forms of fuel used to run vehicles like buses, boats, trains, barges. It is also used in machines like farm and construction equipment. Generally, diesel fuel is a mixture of hydrocarbons. Its boiling points are in the range between 150 – 380 degree Celsius.

Petroleum crude oil consists of hydrocarbons of three major classes such as: 

  • Naphthenic (cycloparaffinic)
  • Paraffinic
  • Aromatic Hydrocarbons

Olefins or unsaturated hydrocarbons rarely occur in the crude and it should be noted that the terms paraffinic and naphthenic in modern chemistry are known by the name alkanes and cycloalkanes based on the respective groups of hydrocarbons.

Crude oil refining begins with heating up of the viscous liquid at more than 400 degree Celsius. This process will turn the liquid into a vapour state and then the vapour will enter the fractional distillation tower. As the vapour rises to a higher altitude, it starts to cool down. The vapour will reach a certain temperature point and the hydrocarbon chains within it will return to a liquid state. In the tower at different levels, the distillation plates will capture the liquids as it emerges.

The longest hydrocarbon chain will have a boiling point of more than 400 degree Celsius. As soon as the chain enters the distillation tower, it starts turning into liquid again. This emerges as bitumen and it exits at the bottom of the distillation tower. As the vapour rises, shorter hydrocarbon chains start to liquefy. The fuel oil will emerge when the vapour cools down below 370 degree Celsius. This process will continue until the upper portion of the tower with various distillates emerging as the vapour cools further.

When the vapour in the distillation tower reaches between 200 – 350 degree Celsius, diesel fuel begins to emerge. The vapour collects on the distillation plates wherein it will be siphoned off into a diesel holding tank.

Latest Updates on Diesel Price

Diesel Prices Constant in India

The diesel prices are constant in India as crude rates remained a little unchanged in the overseas markets despite improved fuel demand.

The diesel rates in India recorded at Rs 80.73 per litre in New Delhi, Rs 83.61 per litre in Kolkata, Rs 87.81 per litre in Mumbai and Rs 85.75 per litre in Chennai.

In the international scenario, Brent was seen at $67.07 per barrel, up by 0.19%; West Texas Intermediate (WTI) at $63.59 per barrel, up by 0.20%.

The fuel prices declined during today’s early trade session, yet crude was on course for recording a weekly gain of over 6% with an improved crude demand outlook and robust economic recoveries in America and China amidst a spike in coronavirus infections.

The growing signs of economic recoveries in major economies have uplifted the mood of the oil markets. The improved fuel demand has prompted the Organization of the Petroleum Exporting Countries (OPEC) and its allies to pump in more oil to the supply markets from May till July.

Analyst note that there is a clear risk price could rise to $70 per barrel before witnessing a more meaningful pullback. The risks involved in mounting pandemic cases in places like India and Europe could eventually drive the prices to go down.

They further add that at the moment, the fall in the unemployment claims, rise in the U.S. retail sales and signs of increased traffic on the road of the world’s biggest economy has buoyed the market.

16 April 2021
Diesel Prices Cut in India

The diesel prices are cut in India following trends from the overseas markets as oil trades at a nearly one-month high. The diesel rates in India were seen at Rs 80.73 per litre in New Delhi, Rs 83.61 per litre in Kolkata, Rs 87.81 per litre in Mumbai and Rs 85.75 per litre in Chennai.

In the global scenario, Brent was spotted at $66.19 per barrel, down by 0.59%; West Texas Intermediate (WTI) at $62.70 per barrel, down by 0.71%.

The oil prices traded lower during today’s trade session despite it held at a nearly one-month high after the crude futures jumped during the previous trade session. The International Energy Agency (IEA) and others have raised the forecast for crude demand as major economies recover from the coronavirus crisis.

The outbreak of the pandemic crisis had led to a major slump in fuel consumption globally, weighing on its prices to decline. But over the last couple of months, robust economic data has shown improvement in the economic situation globally, uplifting the mood of the oil markets.

The Energy Information Administration (EIA) noted that on Wednesday, the U.S. Crude inventories slumped by 5.9 million barrels last week, which is double the analyst expectations of a fall of 2.9 million barrels. The news has hit the stock prices of East Coast crude as it touched a record low.

In its report, EIA states that gasoline supplied to the market last week shot up to 8.9 million barrels per day (bpd), its highest since August. The supply of gasoline, to the markets, is an indicator of the U.S. consumption of the fuel.

15 April 2021
Diesel Prices Constant in India

The diesel prices are constant in India despite the march in the global crude rates following tweaking of the fuel demand by the OPEC and its members. The diesel rates in India recorded at Rs 80.87 per litre in New Delhi, Rs 83.75 per litre in Kolkata, Rs 87.96 per litre in Mumbai and Rs 86.01 per litre in Chennai.

In the international forum, Brent was seen at $64.74 per barrel, up by 1.68%; West Texas Intermediate (WTI) at $61.20 per barrel, up by 1.69%.

Both the crude benchmarks were up by over 1% during today’s trade session. The crude prices gained during the last week following growing optimism about the recovery in the global economy.

The recent positive economic activity from the U.S. and China bolstered the oil markets to inch up. The outbreak of the pandemic crisis, deeply impacted the fuel prices to drop.

Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, have tweaked their earlier forecast on Tuesday for the global crude demand growth for fiscal 2021. Currently, the oil group is expecting the demand to rise by 5.95 million barrels per day (bpd), up by 70,000 bpd from its earlier forecast done during last month. 

The data from the American Petroleum Institute (API), noted that the crude stocks declined by 3.6 million barrels during the week ending April 9, 2021, as against the Reuters analyst estimate of a fall of around 2.9 million barrels.

14 April 2021
Diesel Prices Stagnant in India

The diesel prices are stagnant in India despite a rise in the global crude rates amidst hopes of revival of the U.S. economy. The diesel rates in India were recorded at Rs 80.87 per litre in New Delhi, Rs 83.75 per litre in Kolkata, Rs 87.96 per litre in Mumbai and Rs 85.88 per litre in Chennai.

In the overseas platform, Brent was seen at $63.83 per barrel, up by 1.40%; West Texas Intermediate (WTI) at $60.10 per barrel, up by 1.31%. 

The growing optimism over the revival of the U.S. economy has bolstered the crude rates to march up. But the mounting pandemic cases across the globe has halted the surge in its prices.

Both the U.S. crude rates gained over 1% during today’s trade session.

The surge in pandemic cases in India has led to the imposition of an imminent lockdown in Maharashtra. Asia is also witnessing a rampant rise in new infections has lead to weak fuel demand.

Few of the oil buyers in Asia have asked for lower volumes of crude in May, slightly due to high prices and maintenance of refineries.

The oil prices have remained rangebound over the last three weeks. But the crude benchmark – Brent is trading between $60 and $65 per barrel and WTI is between $57 - $62.

Analysts note that the fuel prices are entering a consolidation phase after swinging wildly during the previous month.

On Sunday, in a broadcast interview, the U.S. Federal Reserve Chairman – Jerome Powell said that the U.S. economy is at an inflexion point amidst growing expectations of revival and likely acceleration in hiring in the coming months. Yet, the country faces a risk of reopening too quickly amidst raging new infection cases.

12 April 2021
Diesel Prices Unaltered in India

The diesel prices are unaltered in India despite the drop in the global crude rates as the supply outlook outweighs rising demand. The petrol rates in India traded at Rs 80.87 per litre in New Delhi, Rs 83.75 per litre in Kolkata, Rs 87.96 per litre in Mumbai and Rs 85.88 per litre in Chennai.

In the international platform, Brent was seen at $62.95 per barrel, down by 0.40%; West Texas Intermediate (WTI) at $59.32 per barrel, down by 0.47%.

Yesterday, the crude prices edged lower in rangebound trade on rising supplies from major producers as concerns grow over the future of fuel demand amidst mounting pandemic cases.

Both the U.S. contracts are on track to report a decline of 2% - 3% for this week, but it is still far from a low of hitting $60.47 a barrel, which it had touched before two weeks.

Recently the Organization of the Petroleum Exporting Countries (OPEC) and its member partners had decided to ease the output cuts starting from May through July. The increase will result in approximately 2 million barrels of crude getting added to the global crude supply.

On Friday, the energy services firm – Baker Hughes Co reported that the U.S. drillers have kept the number of oil rigs constant for this week, as analyst forecast more rigs were required to keep the production stable.

10 April 2021
Diesel Prices Unvaried in India

The diesel prices are unvaried in India following trends from the global scenario as the crude rates remained little changed during Friday's trade session. The diesel rates in India were seen at Rs 80.87 per litre in New Delhi, Rs 83.75 per litre in Kolkata, Rs 87.96 per litre in Mumbai and Rs 85.88 per litre in Chennai.

In the overseas forum, Brent was seen at $63.10 per barrel; West Texas Intermediate (WTI) at $59.50 per barrel.

The oil prices were little changed on Friday supported by the weak dollar. Investors weighed on the rising supplies and the impact on the fuel demand amidst rallying pandemic cases.

A weak dollar makes crude cheaper for holders of other currencies, boosting the fuel prices to march up.

Both the U.S. crude contracts were on track as they posted a 2% - 3% decline this week after the Organization of the Petroleum Exporting Countries (OPEC) and its allies decided to ease the output cuts starting from May.

Meanwhile, analysts expect that the global crude inventories will continue to drop as fuel demand accelerates during the second half of the year as the worldwide economic recovery gathers steam.

The reimposed lockdowns in some parts of the world despite vaccination rollout could alter the crude demand picture.

10 April 2021
Diesel Prices Trades Flat in India

The diesel prices traded flat in India despite a slip in the global crude rates amidst a surprise jump in the U.S. crude stockpiles. The diesel rates in India were seen at Rs 80.87 per litre in New Delhi, Rs 83.75 per litre in Kolkata, Rs 87.96 per litre in Mumbai and Rs 85.88 per litre in Chennai.

In the international scenario, Brent was seen at $62.86 per barrel, down by 0.47%; West Texas Intermediate (WTI) at $59.32 per barrel, down by 0.75%.

On Thursday, the crude prices inched down after the official figures from the U.S. revealed a big jump in the gasoline stocks. The unexpected rise in inventories has weighed on the price to slump during today’s trade session.

The United States of America holds the tag of the world’s biggest consumer of crude, but currently, the country’s fuel demand is declining when supplies across the globe are witnessing an increase.

In an unexpected move, the gasoline stocks in the U.S. jumped by 4 million barrels against the analyst expectations of a drop of just over 230 million barrels, as refiners ramped up production before the summer driving season.

The signs of revival of the global economy had uplifted the crude prices over the last few days, cheering the oil markets. The robust economic data from the U.S. and China had boosted the fuel demand.

Traders note that the crude supply is rising across the globe as Russia’s output increasing from average March levels during the first few days of April.

Meanwhile, Iran may see some relief from sanctions lifted shortly and add to the global supplies as the U.S. and other world powers are holding talks on reviving a nuclear deal which almost stopped Iran’s fuel supplies from coming to markets.

8 April 2021
Diesel Prices Unmoved in India

The diesel prices are unmoved in India despite a fall in the global crude prices amidst stronger global economic growth. The diesel rates in India were seen at Rs 80.87 per litre in New Delhi, Rs 83.75 per litre in Kolkata, Rs 87.96 per litre in Mumbai and Rs 85.88 per litre in Chennai.

In the international platform, Brent was seen at $63.13 per barrel; West Texas Intermediate (WTI) at $59.72 per barrel.

During the earlier trade session, the fuel prices were trading in the positive territory uplifted by improving economic data. The International Monetary Fund (IMF) noted on Tuesday, that the unprecedented public spending to fight the pandemic crisis will push global growth to 6% during fiscal 2021, a rate not achieved since the 1970s.

But a possible rise in the U.S. fuel inventories and Iran talks has weighed on the oil prices.

The U.S. crude stocks fell by 2.6 million barrels for the week ending April 2, 2021, while the gasoline inventories jumped by 4.6 million barrels, as per the data from the American Petroleum Institute (API). Though, the official data is due to be released later today.

Meanwhile, Iran and world powers held constructive talks on Tuesday and agreed to form working groups to discuss the possibility of reviving the nuclear deal signed between the U.S. and Iran in 2015. The deal could lead Washington to lift the sanctions on Iran’s fuel supply and energy sector.

8 April 2021
Diesel Prices Firm in India

The diesel prices are firm in India despite a rise in the global crude prices amidst robust economic data from the U.S. and China. The diesel rates in India were seen at Rs 80.87 per litre in New Delhi, Rs 83.75 per litre in Kolkata, Rs 87.96 per litre in Mumbai and Rs 85.88 per litre in Chennai.

In the global forum, Brent was seen at $64.10 per barrel, up by 3.14%; West Texas Intermediate (WTI) at $60.71 per barrel, up by 3.51%.

Both the U.S. crude contracts declined by around $3 on Monday, pressured by increasing supply by the OPEC and its member partners amidst rallying coronavirus infections in India and part of Europe.

The robust economic data from the U.S. and China has helped to lift the crude prices during Tuesday’s trade session. The oil rates managed to recoup some of the losses it recorded during the previous few sessions, as infection cases led volatility continues to dominate.

The market sentiment was buoyed as U.S. services activity for March hit a record high. China’s service sector also gathered some steam following the sharpest rise in sales in the last three months.

The mounting pandemic cases in many parts of the world have weighed on the fuel prices to drop. But the Organization of the Petroleum Exporting Countries (OPEC) and its members agreed to ease the output cuts beginning from May through July.

Accordingly, the oil producers will bring back 350,000 barrels per day (bpd) of supply in May, another 350,000 bpd in June and a further 400,000 bpd in July to markets.

6 April 2021
Diesel Prices Unfluctuating in India

The diesel prices are unfluctuating in India despite a decline in the global crude rates as OPEC+ members agree to ease output curbs between May and July. The diesel rates in India recorded at Rs 80.87 per litre in New Delhi, Rs 83.75 per litre in Kolkata, Rs 87.06 per litre in Mumbai and Rs 85.88 per litre in Chennai.

In the global scenario, Brent was seen at $63.52 per barrel, down by 2.07%; West Texas Intermediate (WTI) at $60.22 per barrel, down by 2.00%.

The fuel prices marched down by around 2% during today’s trade session as the members of the Organization of the Petroleum Exporting Countries (OPEC) + allies have agreed to gradually ease some of its production cuts between May and July.

The Organization of the Petroleum Exporting Countries (OPEC) + members agreed to ease production curbs by 350,000 barrels per day (bpd) in May, another 350,000 bpd in June and 450,000 bpd in July.

Most of the increase in the crude supply is likely to come from Saudi Arabia, which is phasing out its extra voluntary output cuts in July, a move that will add up to 1 million bpd, to markets.

The outbreak of the coronavirus crisis has hindered oil consumption globally, weighing on its prices to drop. But the efforts by the OPEC+ allies helped to uplift the rates over the last few months.

The OPEC+ allies including Russia, came to this decision after the U.S. administration called on their Saudi Arabia counterparts to keep energy affordable to the end consumers despite improved demand as parts of Europe remained under lockdown.

The surge in pandemic cases has forced the local authorities to take stringent action of imposition of lockdowns.

5 April 2021

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