Delhi continues to be the benchmark or an indicator of any increase or decrease in fuel prices in the country. With a population of more than 18 million, the Union territory is the second most populous city in India.
Prices of petrol and diesel are revised daily, aligned to market rates, which means diesel price in Delhi will increase every time global crude oil prices increase and rupee depreciates against the US dollar.
Todays diesel rates in New Delhi are very sensitive to global crude prices. We have been seeing an uptick in global crude prices, which has also pushed diesel rates in New Delhi higher.
The price of Diesel in Delhi is at Rs 80.78 per litre, today. Diesel continued to remain marginally costlier in Delhi compared to petrol.
Graph of Diesel price in the month of July
Before the nation entered the lockdown, the average price of petrol and diesel in Delhi was Rs 69.60 per litre and Rs 62.30 per litre respectively.
The change in the Diesel prices is an advantage for the consumer, as the customers keep an eye on the prices and can buy Diesel when the prices go down. As the change in the price will be very small, it may seem like that it will not make a difference, but in the long term, you will be in profit. Oil marketing companies in India such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum, etc. will fix the new price Diesel in India every day.
On June 7, state-run oil marketing companies Indian Oil, Hindustan Petroleum and Bharat Petroleum – which account for the majority of petrol and diesel outlets in the country – restarted the normal system of daily price reviews in line with costs following an 82-day hiatus.
In view of the increase in Value-Added Tax (VAT) on diesel in Delhi, petrol pump owners in the national capital on Monday urged the Delhi government to reduce VAT on petroleum products citing lower rates in neighbouring states. The Delhi Petrol Dealers Association (DPDA), which has around 400 petrol pump owners as members, said in a statement that the increase in value-added tax (VAT) on diesel is resulting in heavy loss of sales at petrol pumps in Delhi.
Other metro cities also saw marginal rise prices. The city of Mumbai saw petrol costing 2 paise more at Rs 87.19 and diesel costing Rs 10 paise more at 79.05 per litre. In Chennai, petrol prices went up 4 paise and diesel 13 paise to Rs 83.63 and Rs 77.91 per litre, respectively. In Kolkata, petrol will cost you Rs 82.10 and diesel at Rs 75.79 per litre.
Diesel price in metropolitan cities.
