Diesel Price in Daman and Diu

Diesel Price In Daman and Diu Today (Apr 26 2024)

The Diesel Price in Daman and Diu is ...

Change In Prices of Diesel in Daman and Diu (Today & Yesterday)

Diesel Price In Daman and Diu Today Apr 26 2024

India has implemented the methodology for dynamic fuel pricing, which has come into force in India from June 2017. The diesel prices are therefore reviewed every day. Under this scheme, diesel prices adjust daily, all fuel stations in synchronization with international oil prices beginning at 6 a.m. The move is to make fuel pricing more transparent and to give the final customers diesel prices.

Diesel prices are composed of different domestic and foreign elements in Daman and Diu, as in any other Indian state. The extraction of fuel, refining, transport, and marketing of all these parts plays an essential role in diesel transportations from below ground to the retail fuel stations.

Consumers can view the revised prices by reviewing the petroleum marketing companies’ websites (Indian Oil, HP, and Bharat Petroleum) or daily applications update the diesel prices on their mobile phones.

The trend of Diesel Price in Daman and Diu for March 2021 (rates per litre):

• The Diesel price in Daman and Diu on 1st March: Rs. 89.71/litre
• In the last week of March, the prices were close to Rs. Rs. 89.07/litre, which was also the lowest price that month.
• The trend of change is falling.
• The overall price change reads at -0.71%

Trend of Diesel Price in Daman and Diu for February 2021 (rates per litre):

• The Diesel price in Daman and Diu on 1st Feb: Rs. 82.91/litre
• In the last week of March, the prices were close to Rs. 88.30/litre, which was also the highest price that month.
• The trend of change is rising.
• The overall price change reads at +6.31%.

Trend of Diesel Price in Daman and Diu for January 2021 (rates per litre):

• The Diesel price in Daman and Diu on 1st Jan: Rs. 80.10/litre
• In the last week of Jan, the prices were close to Rs. 82.91/litre.
• The trend of change is rising.
• The overall price change reads at +3.39%.

Trend of Diesel Price in Daman and Diu for December 2020 (rates per litre):

• The Diesel price in Daman and Diu on 1st December: Rs. 78.43/litre, which was the lowest price that month.
• In the last week of December, the price closed at Rs. 80.10/litre.
• The trend of change is rising.
• The overall price change reads at +2.08%.

Trend of Diesel Price in Daman and Diu for November 2020 (rates per litre):

• The Diesel price in Daman and Diu on 1st Nov: Rs. 76.41/litre, which was the lowest price that month.
• In the last week of Nov, the price closed at Rs. 78.55/litre.
• The trend of change is rising.
• The overall price change reads at +2.72%.

Trend of Diesel Price in Daman and Diu for October 2020 (rates per litre):

Diesel Price in Daman and Diu Compared to its Neighbouring States

How often Diesel Rates are Revised in Daman and Diu

The price of diesel in India has recently increased exponentially. The price of diesel changes every day and is updated at 6 am every day. Therefore, before people leave their homes, people should check the diesel price in Daman and Diu.

This helps to discourage excessive spending increases. Moreover, updating Diesel Price in Daman and Diu helps people complete their journey without any problems. People who like to get regular updates about the Diesel price in major Indian cities and states can stay up-to-date by checking the fuel prices regularly.

Factors Affecting Diesel Price in Daman and Diu

With rising numbers of vehicles, the need for diesel is growing. And the diesel price in Daman and Diu is also rising continuously because of several factors. Overall, the dollar’s rise is the cause of the price increase for diesel in Daman and Diu. 

Alongside the increase of the dollar value, other reasons for the increase in diesel prices in Daman and Diu are factors such as: 

• No productivity of diesel fuel in India, 
• Import and exportability costs, 
• The increased use of diesel engine vehicles. 

The cost of crude oil and refined products is considerably higher than in previous years. The primary reason for the surge in fuel prices in India is these two factors. Besides these two factors, seasonal demand increased the gasoline demand, and also several additional factors were responsible for a rise in the diesel rate today.

Learn about the factors that affect the diesel prices in Daman and Diu, the current diesel price, the diesel pump price controller in India, and more.

State Taxes and Diesel Price in Daman and Diu

The diesel price in Daman and Diu is calculated after including the taxes imposed by the government. The initial price of the fuel is meager as compared to the selling price in the end. The government collects 23.22 per cent VAT per litre of the country’s second-highest diesel.

This is largely attributable to high tax rates on diesel in the state, bringing Rs. 85-90. When tax rates are down, the price of diesel can fall in Daman and Diu.

Effect of GST on Daman and Diu Diesel Price

Goods and Services Tax (GST) is a famous phrase these days. The Indian government launched a single, simplified tax platform last year. GST applies to all consumers in the region. Since diesel does not come under the GST scheme, the new tax regime has no impact on diesel pricing.

Other factors deciding India’s diesel price are state and central government taxes, forming an essential part of diesel fuel price. The state governments charge VAT on every litre of diesel types in their respective states, while the central government charges an excess diesel levy.
Currently, a tax of excise Rs 15.33 per litre of diesel is imposed by the Central Government. In all Indian countries and so in Daman and Diu, excise tax remains the same.

How are Diesel Prices in Daman and Diu Responding to GST?

If diesel’s cost is subject to GST, the most critical GST rate is 28 per cent in Daman and Diu, which is less than diesel fuel’s overall cost. According to market observers, the government can levy GST on petroleum products in addition to VAT.

Diesel Cost versus Petrol Cost in Daman and Diu

Check the latest Petrol Prices in Daman and Diu.

News Snippets

Middle-Eastern Petroleum suppliers request India to use the Fuel purchased last year

FAQs

✅ What is the average Diesel price in Daman and Diu?

The average Diesel price in Daman and Diu is ₹ 85.67.

✅ What is the costliest Diesel price in Daman and Diu?