Home  »  Fuel Price  »  Diesel Price

Diesel Price in India (21st September 2019)

Select Your City

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 ₹ 66.53 ₹ 66.29
Kolkata ₹ 68.94 ₹ 68.70
Mumbai ₹ 69.79 ₹ 69.54
Chennai ₹ 70.33 ₹ 70.07
Gurgaon ₹ 65.53 ₹ 65.38
Noida ₹ 66.75 ₹ 66.57
Bangalore ₹ 68.80 ₹ 68.55
Bhubaneswar ₹ 71.28 ₹ 71.02
Chandigarh ₹ 63.38 ₹ 63.15
Hyderabad ₹ 72.52 ₹ 72.26
Jaipur ₹ 72.34 ₹ 71.61
Lucknow ₹ 66.79 ₹ 66.45
Patna ₹ 69.81 ₹ 69.56
Trivandrum ₹ 71.60 ₹ 71.45

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.

Latest Updates on Diesel Price

Diesel Prices in India Hiked Up Amidst Appreciating Rupee

The diesel prices in India marched up despite drop in crude prices in the global platform amidst Saudi Arabia’s efforts to return to full capacity by September end.

The diesel rates in India were trading at Rs 66.53 per litre in New Delhi, Rs 68.94 per litre in Kolkata, Rs 69.79 per litre in Mumbai and Rs 70.33 per litre in Chennai.

In the overseas markets, Brent was seen trading at $63.20 per barrel, down by 0.21% and WTI was at $58.09 per barrel, down by 0.17%.

The state-run Saudi oil firm Aramco said that it will bring back normal fuel production by September end amidst the recent attacks at its Khurais and Abqaiq units which wiped out half of global crude supply. The U.S. and Saudi have blamed Iran for carrying out attacks in the world’s largest oil company.

The Saturday’s attack has shut down oil output by 5.7 million barrels per day (bpd), despite this Saudi Arabia has managed to restore the full supplies to customers by Tuesday after drawing fuel from its massive oil inventories.

Meanwhile, the Indian rupee surged up against dollar to settle at 71.20 after the government trimmed down corporate tax rate on domestic firms and new manufacturers.

21 September 2019
Diesel Prices in India Moves Up Amidst Appreciating Rupee

The diesel prices in India were hiked following global trends amidst rising tensions in the Middle East over the last few days. The diesel rates in India were trading at Rs 66.29 per litre in New Delhi, Rs 68.70 per litre in Kolkata, Rs 69.54 per litre in Mumbai and Rs 70.07 per litre in Chennai.

In the overseas markets, the crude benchmark – Brent was seen trading at $63.66 per barrel, up by 0.52% and WTI was at $58.67 per barrel, up by 0.82%.

The last week’s attack at Saudi Arabia’s Aramco oil facility has led to the downfall of the crude production by close to 5% of the global capacity from the oil major. The United States of American and Saudi Arabia has blamed Iran for carrying out attacks at the Saudi oil facilities though Tehran has denied its involvement in the attack.

In a move to retaliate the attack on the Aramco’s Khurai and Abqaiq oil plants, the kingdom country has launched a military coalition which was reportedly carried out on specific targets in Yemen. Saudi Arabia’s strikes have hit the areas north of Yemen’s port city of Hodeidah.

Meanwhile, in India, the rupee value continued to surge up against the dollar during today’s trade session and was seen trading at 70.87.

20 September 2019
Diesel Rates in India Inches Due To Weak Rupee

The diesel prices in India were hiked despite softening of crude rates in the international markets amidst the return of crude production back to normalcy after turbulent attacks on Saudi Arabia’s oil facilities last week. The diesel rates in India were trading at Rs 66.01 per litre in New Delhi, Rs 68.42 per litre in Kolkata, Rs 69.24 per litre in Mumbai and Rs 69.77 per litre in Chennai.

In the global scenario, Brent was trading at $62.73 per barrel and West Texas Intermediate (WTI) was at $58.20 per barrel.

Saturday’s attack on two oil facilities in Saudi Arabia’s Aramco unit located at Abqaiq and Khurais has boosted the crude prices to shoot up in the overseas markets. But the Tuesday’s reassurance by the Saudi’s Energy Minister to return to normal production by this month has helped its prices to drop eventually.

Within a short time, the oil major has pulled up all its oil inventory and has assured the markets to return to normal production by the end of September much to the surprise of markets. The oil analytics firm Kayrros has estimated the loss of fuel of about 3.4 million barrels per day (bpd) after fuel inventories plunged nearly 10 million barrel levels as on September 16 compared with pre-attack levels.

The U.S. President – Donald Trump has ordered the U.S. Treasury to substantially increase sanctions on Iran, which has so far denied carrying out the recent attacks and told reporters the punitive, unspecified economic measures will be unveiled against Tehran within 48 hours.

Meanwhile, the rupee value opened lower at 71.35 per dollar, down by 0.16% against the previous close of 71.24. The weak rupee has led to the rise in diesel prices in India during today’s trade session.

19 September 2019
Diesel Rates in India Rises Amidst Appreciating Rupee

The diesel prices in India rose up despite cooling off in the overseas markets after the Saudi’s Energy Minister assured markets of restoration of crude production back to normalcy by the end of September. The diesel rates in India were trading at Rs 65.82 per litre in New Delhi, Rs 68.23 per litre in Kolkata, Rs 69.04 per litre in Mumbai and Rs 69.57 per litre in Chennai.

In the international markets, the crude benchmark – Brent was seen trading at $63.50 per barrel, down by 0.09% and WTI was at $59.03 per barrel, down by 0.52%.

In a statement issued by Saudi Arabia’s Energy Minister – Prince Abdulaziz bin Salman said that the kingdom will restore its lost oil capacity by the end of September and also noted that the average fuel production in September and October will be 9.89 million barrels per day (bpd). He also stated that the country will ensure full oil supply commitments to its customers this month.

Serious efforts are made to bring back the production capacity back to normalcy. In an address to the media the Saudi Arabia’s Energy Minister – Prince Abdulaziz bin Salman said that the kingdom will restore its lost oil capacity by the end of September.

Meanwhile, the Indian rupee marched up against the U.S. dollar to touch 71.78, up by 18 paise amidst easing crude oil prices. 

18 September 2019
Diesel Rates in India Hiked Slightly

The diesel prices in India were hiked slightly despite marginal fall in global crude prices amidst the attack on Saudi Aramco’s oil facility which has disrupted the global crude supply, boosting the oil prices to touch sky high during previous trade session. The diesel rates in India were recorded at Rs 65.58 per litre in New Delhi, Rs 67.99 per litre in Kolkata, Rs 68.78 per litre in Mumbai and Rs 69.31 per litre in Chennai.

In the global platform, the crude benchmark – Brent was seen trading at $67.04 per barrel, down by 0.95% and WTI was at $62.04 per barrel, down by 1.37%.

The recent attack on the Saudi facilities on Saturday has damaged the crude supply worst for the first time since the last 50 years. Saudi Arabia is the biggest producer of crude in the globe and the attack has wiped out its production by 5.7 million barrels per day, boosting the oil prices to surge up in the global markets. With this, the tensions in the Middle East region has escalated to the highest level for the first time since the Gulf crisis in 1990-1991 when Iraq invaded Kuwait.

The attack has boosted the crude prices to rally up by over 10% during the recent trade sessions, leaving the consumers in brink about the easy supply of crude at the moment.

Meanwhile, the rupee value depreciated further against the U.S. dollar following the Saudi attack which has spurred the demand for haven assets. The rupee was seen trading at 71.71 against the U.S. currency.

17 September 2019
Diesel Prices in India Remains Unmoved Despite Depreciating Rupee

The diesel prices in India remained unmoved despite shooting up of global crude prices owing to the Saturday’s attack on the Saudi Aramco’s facilities. The diesel rates in India were reported at Rs 65.43 per litre in New Delhi, Rs 67.84 per litre in Kolkata, Rs 68.62 per litre in Mumbai and Rs 69.15 per litre in Chennai.

In the global platform, the attack has boosted the crude prices to surge up to the highest level with Brent at $66.58 per barrel, up by 10.56% and West Texas Intermediate (WTI) was at $59.99 per barrel, up by 9.37%.

In a sudden attack on the Saudi Aramco’s oil facility at Khurais and Abqaiq, the crude output from Saudi Arabia’s oil production facility has come down by 5.7 million barrels per day (bpd). Though the company has not given any timeline for the full resumption of output, it has assured an Indian refinery that there will be no immediate impact on oil supply at the moment.

A senior U.S. official has stated, that the initial reports have indicated that the attack came from Yemen. The sources further added that the cruise missiles have been used for the attack mainly intending to disrupt the smooth production and supply of crude to the global markets.

Meanwhile, the domestic Indian rupee fell sharply against the U.S. dollar owing to surge in crude prices. The rupee was seen trading at 71.42 against the dollar as compared to the previous close of 70.92.

16 September 2019
Diesel Rates in India Hiked Slightly

The diesel prices in India were hiked slightly despite a fall in global crude rates during today’s trade session owing to weak demand. The diesel rates in India were seen trading at Rs 65.28 per litre in New Delhi, Rs 67.69 per litre in Kolkata, Rs 68.46 per litre in Mumbai and Rs 68.99 per litre in Chennai.

In the global platform, Brent stood at $60.28 per barrel, down by 0.17% and West Texas Intermediate (WTI) was at $55.03 per barrel, down by 0.11%.

The growing weak demand for oil at the global level has led to the fall in its prices in the global platform as the OPEC has cut the demand forecast for fuel for the rest of the year owing to slow down of global economic growth. Apart from this, the OPEC has trimmed down global crude supply by 1.2 billion barrels per day since the beginning of January 1, 2019, until March 2020.

The likely resolution of trade spat between the U.S. and China has helped the equities markets to rise during today’s trade session. Both the countries have shown signs of easing tough stance on each other during this week which has helped the Asian stock markets to inch up further.

Meanwhile, the Indian rupee has continued its better performance against the U.S. currency and accordingly the rupee has gained close to 150 paise against the U.S. dollar during this week making the best weekly gains during fiscal 2019.

13 September 2019
Diesel Prices in India Gains Slightly

The diesel prices in India gained slightly following global trends amidst trimming of crude demand forecast for 2020 by OPEC + members. The diesel rates in India were recorded at Rs 65.19 per litre in New Delhi, Rs 67.60 per litre in Kolkata, Rs 68.37 per litre in Mumbai and Rs 68.90 per litre in Chennai.

In the global platform, the Brent crude was seen trading at $61.13 per barrel, up by 0.53% and WTI was at $56.09 per barrel, up by 0.61%.

The OPEC which is one of the major crude suppliers has trimmed down the global crude demand for 2020 to 3.1% from its earlier outlook of 3.1% owing to the slowdown of the global economy. In its monthly report, the OPEC has stated that the fuel demand will expand by 1.08 million barrels per day (bpd) next year, shorter by 60,000 bpd as per the previous estimate and pointed out that the market will be in surplus.

The OPEC and its members have successfully cut down the additional supply of crude by 1.2 million barrels per day since the beginning of January 2019 to boost its prices in the global markets.

The unexpected firing of the U.S. National Security Advisor – John Bolton has eased out the tough standoff between the U.S. and Iran, as the U.S. President is likely to ease off sanctions on Tehran to boost the crude supply at a time when the global energy demand is declining.

Meanwhile, the domestic Indian rupee rose up by 37 paise as against the U.S. dollar today owing to gains in domestic equities markets and fresh inflow of foreign funds which strengthened the Indian rupee.

12 September 2019
Diesel Rates in India Remains Unchanged Amidst Weak Rupee

The diesel prices in India remained the same despite a marginal rise in global crude rates amidst fall in U.S. Crude Stock Inventories. The diesel rates in India were seen trading at Rs 65.14 per litre in New Delhi, Rs 67.55 per litre in Kolkata, Rs 68.32 per litre in Mumbai and Rs 68.84 per litre in Chennai.

In the global scenario, Brent was seen trading at $62.74 per barrel, up by 0.58% and WTI was at $57.76 per barrel, up by 0.63%.

The late data from the American Petroleum Institute (API) revealed that the U.S. crude oil and gasoline stocks declined last week more than the analyst's expectations, pressurizing the fuel prices to march up during today’s trade session. The API numbers revealed that the U.S. crude inventories were down by 7.2 million barrels during the week ending September 6 to touch 421.90 million as against the Reuters analysts expectations of a fall of 2.7 million barrels.

The sudden firing of the America’s National Security Advisor – John Bolton and the likely return of the sanctions-hit Tehran’s crude back to the market has also weighed on crude prices. Bolton was a noted Iran policy hawk and had also argued against Trump’s suggestions over a possible meeting with Iran’s leader. With Bolton’s departure, investors believe that it could lead to a softer U.S. policy on Iran.

Meanwhile, the domestic Indian rupee opened lower at 71.84 against the U.S. dollar as against the previous close of 71.70.

11 September 2019
Diesel Rates in India Marches Up

The diesel prices in India marched up following global trends owing to likely agree to extend production cuts in a move to support prices. The diesel rates in India were recorded at Rs 65.14 per litre in New Delhi, Rs 67.55 per litre in Kolkata, Rs 68.32 per litre in Mumbai and Rs 68.84 per litre in Chennai.

In the global platform, the crude benchmark – Brent was seen trading at $62.83 per barrel, up by 0.38% and WTI was at $58.10 per barrel, up by 0.43%.

The OPEC + members have been successful in cutting down crude production by 1.2 million barrels per day (bpd) since January 2019. The move led to the surge of crude prices in the overseas markets and it touched its record high in April 2019. The trend is likely to continue as OPEC and its member partners are all set to meet in Abu Dhabi this week amidst growing hopes to trim down additional fuel supply.

The continuous fall in the U.S. Crude stock inventories has also supported the oil prices in the overseas markets as the crude stockpiles have fallen for a fourth consecutive week during last week.

Meanwhile, the Indian rupee closed slightly up at 71.71 against the U.S. dollar during yesterday’s trade session.

10 September 2019

Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more