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Diesel Price in India (19th April 2018)

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 ₹ 65.27 ₹ 65.18
Kolkata ₹ 67.97 ₹ 67.88
Mumbai ₹ 69.50 ₹ 69.41
Chennai ₹ 68.86 ₹ 68.76
Faridabad ₹ 66.36 ₹ 66.27
Gurgaon ₹ 66.14 ₹ 66.05
Noida ₹ 65.42 ₹ 65.34
Ghaziabad ₹ 65.31 ₹ 65.24
Agartala ₹ 63.37 ₹ 63.29
Aizawl ₹ 62.61 ₹ 62.53
Ambala ₹ 65.77 ₹ 65.68
Bangalore ₹ 66.37 ₹ 66.28
Bhopal ₹ 68.68 ₹ 68.59
Bhubaneswar ₹ 70.03 ₹ 69.94
Chandigarh ₹ 63.37 ₹ 63.28
Dehradun ₹ 65.56 ₹ 65.48
Gandhinagar ₹ 70.10 ₹ 70
Gangtok ₹ 67 ₹ 66.90
Guwahati ₹ 68.13 ₹ 68.03
Hyderabad ₹ 70.91 ₹ 70.82
Imphal ₹ 63.39 ₹ 63.30
Itanagar ₹ 62.63 ₹ 62.55
Jaipur ₹ 69.59 ₹ 69.50
Jammu ₹ 66.45 ₹ 66.36
Jalandhar ₹ 65.28 ₹ 65.19
Kohima ₹ 63.66 ₹ 63.57
Lucknow ₹ 65.40 ₹ 65.32
Panjim ₹ 66.39 ₹ 66.30
Patna ₹ 69.90 ₹ 69.81
Pondicherry ₹ 67.40 ₹ 67.30
Port Blair ₹ 61.26 ₹ 61.18
Raipur ₹ 70.49 ₹ 70.39
Ranchi ₹ 68.94 ₹ 68.85
Shillong ₹ 65.09 ₹ 65
Shimla ₹ 64.90 ₹ 64.82
Srinagar ₹ 68.58 ₹ 68.49
Trivandrum ₹ 70.82 ₹ 70.72
Silvassa ₹ 66.03 ₹ 65.94
Daman ₹ 65.97 ₹ 65.88

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.

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