Diesel Price in Bangalore

Diesel price in Bangalore is ₹ 86.31  as on Jun 16 2021

Today’s prices of diesel in Bangalore are susceptible to global crude prices. We have seen an uptick in the global crude prices, which has always pushed diesel rates in Bangalore very higher. Diesel price today in Bangalore is ₹ 86.31  as on Jun 16 2021. Also, the prices of petroleum products have now been aligned to whole market rates. This means diesel prices in Bangalore will also rise every time, and global crude prices rise as well as the rupee falls against the dollar.

Last 10 Days Diesel Rate in Bangalore

DATE PRICE
PRICE CHANGE
22 Feb 2021 ₹ 85.82 0.00
21 Feb 2021 ₹ 85.82 0.00
20 Feb 2021 ₹ 85.82 0.39
19 Feb 2021 ₹ 85.43 0.36
18 Feb 2021 ₹ 85.07 0.33
17 Feb 2021 ₹ 84.74 0.27
16 Feb 2021 ₹ 84.47 0.35
15 Feb 2021 ₹ 84.12 0.33
14 Feb 2021 ₹ 83.79 0.34
13 Feb 2021 ₹ 83.45 0.36

Petrol Prices in Major Cities

CITY PETROL PRICE TODAY
New Delhi ₹ 90.19
Kolkata ₹ 91.41
Mumbai ₹ 96.62
Chennai ₹ 92.25
Gurgaon ₹ 87.53
Noida ₹ 88.11
Bangalore ₹ 93.21
Bhubaneswar ₹ 90.25
Chandigarh ₹ 86.17
Hyderabad ₹ 93.10

State-wise Prices

STATE PETROL PRICE
Andhra Pradesh 87.24 ₹/L
Assam 87.24 ₹/L
Bihar 92.91 ₹/L
Chhattisgarh 89.06 ₹/L
Delhi 90.58 ₹/L
Gujarat 87.67 ₹/L
Haryana 88.67 ₹/L
Himachal Pradesh 88.55 ₹/L
Jammu And Kashmir 92.11 ₹/L
Jharkhand 88.06 ₹/L
Karnataka 93.22 ₹/L
Kerala 91.05 ₹/L
Madhya Pradesh 98.64 ₹/L
Maharashtra 97.30 ₹/L
Odisha 91.30 ₹/L
Punjab 89.64 ₹/L
Rajasthan 97.10 ₹/L
Tamil Nadu 93.07 ₹/L
Telangana 94.18 ₹/L
Uttar Pradesh 88.78 ₹/L
Uttarakhand 89.44 ₹/L
West Bengal 91.78 ₹/L

Trends of Diesel price in Bangalore for February 2021

The trend of Diesel Rate in Bangalore, Feb 2021
Diesel Price
1st February Rs.81.08
7th February Rs.81.74
The highest rate in February Rs.81.74 on February 7th
Lowest Rate in February Rs.81.08 on February 1st
Overall performance Rising
% Change +0.81%

 

February 2021

  • The price of diesel in Bangalore stood at Rs.81.08 on the 1st of February as prices continued to rise high.
  • The price of Diesel closed the week at Rs.81.74.
  • The Price of diesel overall percentage change was 0.81%.

The Trend of Diesel Price in Bangalore for January 2021

The trend of Diesel Rate in Bangalore, Jan 2021
Diesel Price
1st January Rs.78.27
31st January Rs.81.08
The highest rate in January Rs.81.08 on January
Lowest Rate in January Rs.78.27 on January 
Overall performance Rising
% Change +3.59%

 

January 2021

  • The price of diesel in Bangalore stood at Rs.78.27 on the 1st of January.
  • The price of diesel increased in the next few days, closing the week at Rs.78.86.
  • The price of diesel’s overall percentage change was 0.75%.

The Trend of Diesel Price in Bangalore for December 2020

The trend of Diesel Rate in Bangalore, Dec 2020
Diesel Price
1st December Rs.76.73
31st December Rs.78.27
The highest rate in December Rs.78.27 on December
Lowest Rate in December Rs.76.23 on December
Overall performance Rising
% Change +2.00%

 

December 2020

  • The price of diesel in Bangalore stood at Rs.76.73 on the 1st of December.
  • The price of diesel continued to go up, closing the week at Rs.78.27.
  • The price of diesel’s overall change in percentage was 2%.

The Trend of Diesel Price in Bangalore for November 2020

The trend of Diesel Rate in Bangalore, November 2020
Diesel Price
1st November Rs.74.67
30th November Rs.76.73
The highest rate in November Rs.76.73 on November
Lowest Rate in November Rs.74.67 on November
Overall performance Rising
% Change +2.75%

 

November 2020

  • The diesel price stood at Rs.74.67 on the 1st of November, unchanged from the last day’s closing price.
  • After staying stable for the next few days, diesel’s price closed the week at Rs.74.67.
  • There was no change in the price of diesel’s performance in Bangalore.

The Trend of Diesel Price in Bangalore for October 2020

The trend of Diesel Rate in Bangalore, Oct 2020
Diesel Price
1st October Rs.74.46
31st October Rs.74.67
The highest rate in October Rs.74.67 on October
Lowest Rate in October Rs.74.46 on October
Overall performance Rising
% Change -0.12%

 

October 2020

  • The price of diesel in Bangalore stood at Rs.74.76 on the 1st of October.
  • The price of diesel dipped to Rs.74.67 and stayed stable for the entire week.
  • In the international oil market, the Diesel prices dropped after US President Donald Trump dismissed the speculations for providing the fourth stimulus package to boost this coronavirus-hit economy.

The Trend of Diesel Price in Bangalore for September 2020

The trend of Diesel Rate in Bangalore, Sep 2020
Diesel Price
1st September Rs.77.94
30th September Rs.74.86
The highest rate in September Rs.77.94 on September
Lowest Rate in September Rs.74.86 on September
Overall performance Rising
% Change -3.95%

 

September 2020

  • A price of diesel retailed for Rs.77.94 in Bangalore at the start of the first week of September. 
  • The opening price of the fuel was the very highest for the month to date. The diesel price slipped in the city over the week and recorded a declining trend.
  • The price of Diesel in Bangalore closed the opening week of the month at Rs.77.52.

The Trend of Diesel Price in Bangalore for August 2020

The trend of Diesel Rate in Bangalore, Aug 2020
Diesel Price
1st August Rs.77.93
31st August Rs.77.94
The highest rate in August Rs.77.94 on August
Lowest Rate in August Rs.77.88 on August
Overall performance Rising
% Change +0.01%

 

August 2020

  • In Bangalore, a price of diesel was retailed for Rs.77.93 at the start of the month. There was no change in the diesel rates whenever compared to the closing price of the last month.
  • Even though the crude oil prices witnessed changes in the international market, diesel’s price did not see a change in the city over the opening week of the month.
  • The price of diesel’s overall performance in Bangalore was stable as its opening and closing price.

The Trend of Diesel Price in Bangalore for July 2020

The trend of Diesel Rate in Bangalore, Jul 2021
Diesel Price
1st July Rs.76.56
31st July Rs.77.93
The highest rate in July Rs.77.93on July
Lowest Rate in July Rs.76.56 on July
Overall performance Rising
% Change +1.78%

 

July 2020

  • The price of diesel in Bangalore was priced Rs.76.56 at the start of the month. Whenever compared to the closing price of the last month, the rates did not see the change.
  • The rates of the fuel did not see the change until the 6th of July. 
  • Over the week, the diesel rates witnessed an inclining trend in the city. The percentage change recorded nearby 0.33%.

The Trend of Diesel Price in Bangalore for June 2020

The trend of Diesel Rate in Bangalore, Jun 2020
Diesel Price
1st June Rs.65.94
30th June Rs.76.56
The highest rate in June Rs.76.56 on June
Lowest Rate in June Rs.65.94 on June 
Overall performance Rising
% Change +16.10%

 

June 2020

  • The price of diesel cost Rs.65.94 on the 1st of June in Bangalore.
  • Over the next 6 days, state-run Oil Marketing Companies (OMCs) kept the diesel rates unchanged in the southern city. There was an increase near 40 paise in the rates on the week’s final day and was retailed for Rs.66.34.
  • The closing price of the fuel was the very highest in the month to date. In the city, there was an incline nearby 0.60% in the rates.

The Trend of Diesel Price in Bangalore for May 2020

The trend of Diesel Rate in Bangalore, May 2020
Diesel Price
1st May Rs.65.94
31st May Rs.75.94
The highest rate in May Rs.65.94 on May 
Lowest Rate in May Rs.65.94 on May
Overall performance Rising
% Change 0

 

May 2020

  • The price of diesel in Bangalore stood at Rs.65.94 on the 1st of May, unchanged from the last day’s closing price.
  • The diesel price stayed stable throughout the week though the Indian Government also increased excise duty on diesel by a record nearby 10 per litre, and on diesel nearby 13.
  • The Diesel price overall performance in Bangalore was stable, with no change in its price whatsoever.

The Trend of Diesel Price in Bangalore for April 2020

The trend of Diesel Rate in Bangalore, Apr 2020
Diesel Price
1st April Rs.64.40
28th April Rs.65.94
The highest rate in April Rs.65.94 on April 
Lowest Rate in April Rs.64.40 on April
Overall performance Rising
% Change 2.39%

 

April 2020

  • The price of diesel in Bangalore stood at Rs.64.40 on the 1st of April, unchanged from the last day’s closing price.
  • After staying stable for the next few days, diesel’s price jumped to Rs.65.94 per litre.
  • The price of diesel’s overall performance in Bangalore was 2.39%.

The Trend of Diesel Price in Bangalore for March 2020

The trend of Diesel Rate in Bangalore, Mar 2020
Diesel Price
1st March Rs.66.48
31st March Rs.64.40
The highest rate in March Rs.66.48 on March
Lowest Rate in March Rs.64.40 on March
Overall performance Rising
% Change -3.12%

 

March 2020

  • In Bangalore, the diesel price opened at Rs.66.48 on the 1st of March 2020. This was the very highest recorded rate for the fuel during the first week of the month.
  • Due to the spread of the Coronavirus, there has been a slowdown in the economy. 
  • In Bangalore, the diesel price for the first week of March 2020 closed at the rate of Rs.75.47 on 7th March. There was a percentage change nearby –0.95% in the overall performance of the fuel.

The Trend of Diesel Price in Bangalore for February 2020

The trend of Diesel Rate in Bangalore, Feb 2020
Diesel Price
1st February Rs.68.45
29th February Rs.66.66
The highest rate in February Rs.68.45 on February
Lowest Rate in February Rs.66.66 on February
Overall performance Rising
% Change -2.61%

 

February 2020

  • The price of diesel in Bangalore stood at Rs.68.45 on the 1st of February, unchanged from the last day’s closing price. 
  • The state-run oil marketing companies also decided to cut diesel rates further. Diesel closed the week at Rs.67.86.
  • The price of diesel overall performance in Bangalore was -0.86%, trending downwards

The Trend of Diesel Price in Bangalore for January 2020

The trend of Diesel Rate in Bangalore, Jan 2020
Diesel Price
1st January Rs.70.26
31st January Rs.68.54
The highest rate in January Rs.71.53 on January
Lowest Rate in January Rs.68.54 on January
Overall performance Rising
% Change -2.44%

 

January 2020

  • The diesel price opened at Rs.77.69 in Bangalore for the first week of January 2020. 
  • There was a very hike of more than 2% in Brent crude oil in the international market. 
  • In Bangalore, the diesel price came to a close for the first week of January 2020 at the diesel rate of Rs.78.43, which was the highest recorded fuel rate for the week. Based on the opening and closing rates of the fuel in Bangalore, the overall performance of diesel witnessed a percentage change near +0.95%.

Why are Diesel Prices Revised Daily?

Every individual aspect that also impacts the retail selling price of diesel in Bangalore is as follows.

Tax system- The Federal Excise Duty and the VAT (Value Added Tax) are two different taxes in effect. These types of duties refer to the prices offered to the dealer of the fuel bunker. And there are some of the costs after the introduction of the Central Excise and VAT, which also differs from state to state and applies to the distributors’ commission.

RSP (Retail Selling Price)- Bangalore’s retail selling price is primarily influenced by crude oil prices, the currency conversion rate between the US Dollar, Rupee, and taxes. The same variables are always relevant to every city in India. On the other hand, however, seasonal fluctuations, weather predictions, foreign demands, global political activities, geographic outlays and the surplus, and the currency exchange ratio also affect the purchase price of unrefined crude.

The cost of crude oil- The crude oil is obtained from the multinational oil trading companies by Indian oil traders. The total amount is paid in USD, which is the regular currency, as this is processed on the foreign exchanges. Crude oil is then extracted as well as distilled to obtain diesel. Crude oil prices, always referred to as the Refinery Transfer Price (RTP), are subject to freight and processing fees. 

Factors that influence the Diesel price in Bangalore

The price of diesel in Bangalore is made up of many important components apart from the oil price and the rupee-dollar exchange value. After the refining process, components such as the entry tax, freight charges, refinery charges, oil firm’s margin, and logistics are levied before arriving at the basic cost of the fuel. The petrol pump owner’s commission, the excise duty levied by the Centre, and the respective state’s local tax, VAT is later added to fuel’s total cost.

While there are components’ charged are not dynamic, the global crude oil price and the rupee-dollar exchange rate are dynamic. Hence, these factors are the primary reason why diesel prices fluctuate in India. Let’s review the factors which also affect crude oil prices in the international market.

  • Supply and Demand of Crude Oil: The Organisation of Petroleum Exporting Countries, along with powerful allies, have been the very biggest suppliers of crude oil globally, thereby influencing the oil prices to a huge extent. Geopolitical developments mainly drive policies by OPEC. So, the pressure on any one of the OPEC members often leads to reduced oil supply, and oil prices incline accordingly. Likewise, if there an increased supply of oil, prices mostly drop.
  • Geopolitical Tensions: Political events, as well as crises, lead to a rise in crude oil prices. Conflicts in any oil-producing regions could also potentially lock up the supplies, thereby increasing the oil rates. Crisis such as natural disasters or political upheaval affects the oil price as well.
  • Future Supply of Crude Oil: There are very biggest oil-producing, and oil-consuming countries reserve huge quantities of crude oil to keep their economy healthy in an oil price increase. These countries usually stock up whenever the prices are very lower, and the supply is spread through the whole economy to keep prices steady.

GST on Diesel in Bangalore

India also moved to a very new tax regime known as the Goods and Service Tax which also became very effective from midnight of 1 July 2017. Under this tax regime, goods and services were brought under the tax structure. However, some petroleum products such as petrol, diesel, crude oil, natural gas, and aviation turbine fuel were exempted from attracting the Good and Service Tax.

Currently, both petrol and diesel continue to very attract the excise duty levied by the Centre and the VAT charged by the respective State. The excise duty and VAT tax incidence is around 45-50% on petrol and nearby 35-40% on diesel. There is a very highest tax rate under GST is 28%, which means both the centre and states will lose huge revenue. While the Centre could lose up to Rs.20,000 crore, the states also want to keep their revenue pool to meet the contingency.

Additionally, Good and Service Tax is an ad valorem levy, which is also charged as a percentage of the ex-factory rate. This would lead to a massive impact on the retail rates whenever refinery gate prices are raised due to the incline in crude oil prices in the international market, and the reverse could also be true.

Diesel Vs. Petrol price in Bangalore

There is some basic cost of both petrol and diesel are the same, however, some other charges very lower the diesel price. The Centre levies excise duty, and the VAT charged by the respective State is very much lower than levied on petrol, making the diesel price in Bangalore very less than the petrol price in Bangalore.

FAQs

What is today’s Diesel price in Bangalore?
Today’s Diesel price in Bangalore is ₹ 86.21 per litre.

What was the highest Diesel price in Bangalore?
The highest Diesel price in Bangalore was ₹ 86.21 per litre on 23 February 2021.

When was the highest Diesel price in Bangalore?
At ₹ 86.21 per litre, the highest Diesel price in Bangalore was recorded on 23 February 2021.

What is the current Diesel price in Bangalore?
The current Diesel price in Bangalore is ₹ 86.21 per litre.

What was the highest Diesel price in Bangalore in the last 5 years?
The highest Diesel price in Bangalore in the last 5 years was ₹ 86.21 per litre on 23 February 2021.

What was the highest Diesel price in Bangalore in the last 10 years?
The highest Diesel price in Bangalore in the last 10 years was ₹ 86.21 per litre on 23 February 2021.

What was the highest Diesel price in Bangalore in 2020?
The highest Diesel price in Bangalore in 2020 was ₹ 78.27 per litre on 31 December 2020.

What was the lowest Diesel price in Bangalore in December 2020?
The lowest Diesel price in Bangalore in December 2020 was ₹ 76.77 per litre on 01 December 2020.

What was the highest Diesel price in Bangalore in 2021?
The highest Diesel price in Bangalore in 2021 was ₹ 82.21 per litre on 23 February 2021.

What was the lowest Diesel price in Bangalore in 2021?
The lowest Diesel price in Bangalore in 2021 was ₹ 78.31 per litre on 01 January 2021.

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