Diesel Price in Uttar Pradesh

Diesel Price in Uttar Pradesh Today (Apr 25 2024)

The diesel price in Uttar Pradesh is currently set by state-owned oil firms using the ‘Dynamic Fuel Pricing’ process. You can search the latest diesel price in Uttar Pradesh and the current diesel price, and the quarterly price pattern in Uttar Pradesh right here. Oil companies update new diesel prices in Uttar Pradesh every day at 6:00 a.m. IST.

Diesel price in Uttar Pradesh is ...

You will also read how diesel prices are measured in Uttar Pradesh and how they relate to prices in other states. Find the current Uttar Pradesh diesel price and the factors that affect the price of diesel in India and the highest and lowest prices in Uttar Pradesh over the course of a month.

Change In Prices of Diesel in Uttar Pradesh (Today & Yesterday)

The trend of Diesel Price in Uttar Pradesh for March 2021 (price per litre):

• The price curve in march showed a fall in price in the last week of the month of March.
• The diesel price in Uttar Pradesh on the 1st. of March was Rs.81.84 which was the monthly highest price of diesel per litre.
• The diesel price in Uttar Pradesh on the 31st. of March was Rs.81.25 which was the first instance of decline in price after 6 months and also marked the monthly lowest price of diesel per litre.

The trend of Diesel Price in Uttar Pradesh for February 2021 (price per litre):

• Diesel was priced at Rs.76.84/litre in Uttar Pradesh when it first went on sale. There was no improvement in the price as compared to the fuel’s closing cost for the month of January.
• Throughout the month, the price of diesel in Uttar Pradesh fluctuated. On the 27th and 28th of February, the fuel reached its peak price for the month, costing Rs.81.84/ litre. In the first three days, diesel was sold for Rs.76.84/litre, the lowest price ever reported.
• In Uttar Pradesh, the average efficiency of the fuel has been improving, with a 6.51 per cent increase in the percentage change.

The trend of Diesel Price in Uttar Pradesh for January 2021 (price per litre):

• Diesel was priced at Rs.74.18/litre in Uttar Pradesh when it first went on sale. Throughout the month, the price of diesel in Uttar Pradesh fluctuated.
• From the 27th to the 31st of January, the fuel reached its highest price of the month, at Rs.76.84/litre. The lowest price was registered on the 1st, 2nd, and 3rd of January when a litre of diesel cost Rs.74.18/litre.
• In Uttar Pradesh, the average production of the fuel has been improving, with a 3.59 per cent improvement in the percentage change.

The trend of Diesel Price in Uttar Pradesh for December 2020 (price per litre):

• The price of diesel in Uttar Pradesh began at Rs.72.63/litre on Monday. The price of fuel has decreased by 13 paise as compared to the closing rate for the month of November.
• Throughout December, the price of diesel in Uttar Pradesh fluctuated. The fuel hit its peak price for the month on the 15th and 25th of December when it was Rs.74.41/litre. On the 1st of December, a litre of diesel cost Rs.72.63/litre, which was the lowest price ever reported.
• In Uttar Pradesh, the average production of the fuel has been improving, with a 2.13 per cent improvement in the percentage change.

The trend of Diesel Price in Uttar Pradesh for November 2020 (price per litre):

• Diesel was priced at Rs.70.9/litre in Uttar Pradesh when it first went on sale. Over the course of the month, there was a downward trend in the price of gasoline, with minor variations.
• The price of diesel in Uttar Pradesh fluctuated over the month. The fuel hit its peak price for the month on November 29th, when it was priced at Rs.72.85/litre. The lowest price for the fuel was registered on the third day of the month when it was sold for Rs.70.78/litre.
• In Uttar Pradesh, the average production of the fuel has been improving, with a percentage improvement of 2.75 per cent.

The trend of Diesel Price in Uttar Pradesh for October 2020 (price per litre):

• In Uttar Pradesh, a litre of diesel cost Rs.70.95 at the beginning of October. The price of the fuel has dropped by 97 paise as compared to the previous month’s closing price.
• The price of diesel in Uttar Pradesh has fluctuated a lot over the last month. On the 14th of October, the fuel hit its highest price for the month, when a litre was sold for Rs.71 in the state. On the 3rd of October, oil firms paid Rs.70.78/litre, which was the lowest price ever reported for diesel.
• The price of petrol was Rs.70.91/litre at the end of the month. Diesel’s overall production in Uttar Pradesh has been falling, with a percentage change of -0.05 per cent.

How often Diesel Prices are Revised in Uttar Pradesh

The regular revision is a new fuel pricing scheme that went into effect in India on June 16, 2017. Both fuel bunks around the state can change diesel prices on a regular basis under the new scheme. Diesel prices have been slowly rising since all state-run oil marketing firms implemented the regular revision. Every day, all automated diesel bunks will automatically change diesel rates. Manual revisions will be done on all non-automated diesel bunks. Some key characteristics of a regular revision system are:

• Every day at 6:00 a.m., prices will be updated.
• Consumers of diesel will follow industry trends.
• The framework makes gasoline prices more straightforward.
• Bunk operators will be able to bring effective inventory management practices into motion.
• Neither the federal government nor the states may participate in the price of gasoline.

Factors Affecting Diesel Price in Uttar Pradesh:

The price of diesel would go up if:

• Crude oil prices are rising in foreign markets.
• The United States of America’s (USA) currency loses ground against India’s currency.
• The excise tax has been reduced by the federal government.
• The state government has reduced the VAT rate.

The price of diesel would collapse if:

• Crude oil prices are down in international markets.
• The United States of America’s (USA) currency is weaker than India’s currency.
• The excise tax has been imposed by the federal government.
• The state government has increased the VAT rate.

Factors influencing crude oil prices:

The price of crude oil would go up if:

• Crude oil demand is on the rise.
• Unfavourable environmental conditions cause oil production to be halted.
• The INR is losing ground against the US dollar.

The price of crude oil will fall if:

• The appetite for crude oil has been consistent.
• Climate conditions have little impact on oil production operations.
• The INR is losing support against the US dollar.

State Taxes and Diesel Price in Uttar Pradesh

Diesel is charged both at the national and state levels in India. The federal and state levies are also subject to modification at any moment. In October 2017, the central tax on diesel was reduced by Rs.2 per litre. It was last updated in February 2018. The current diesel rate in Uttar Pradesh will be influenced by the adjustment of state and central taxes. Similarly, the imposition of a Value-Added Tax has a substantial impact on the RSP of petrol.

Effect of GST on Uttar Pradesh Diesel Price

Situation Right Now:

• The GST regime does not extend to all petroleum goods.
• The oil and gas business as a whole has been left out of the scope of the GST.
• Both business members are also expected to pay taxes in compliance with the previous scheme.

If a GST is imposed on diesel, the following will happen:

• The existing and GST frameworks must be followed by all business members.
• The cost of enforcement will be raised by 100%.
• In Uttar Pradesh, the existing diesel price will be decreased by 20-30%.
• Consumers of diesel would benefit.
• The central and state governments’ revenue sources have been harmed.

News for Diesel Price in Uttar Pradesh Today 

02/04/2021: 

For the last three days, the revision of petrol and diesel rates has been halted. As a result, the petrol and diesel pump prices in the capital remained unchanged at Rs 90.56 and Rs 80.87 per litre, respectively, from the previous day.

30/03/2021:

Petrol prices have been reduced by 22 paise, and diesel prices have been reduced by 23 paise.

Fuel rates have shown a decline after six months on March 24 and March 25, as global oil prices plunged on the prospect of a rapid recovery in demand, which was clouded by the second round of COVID-19 data.

27/01/2021:

On January 26, 2021, state-owned oil marketing companies raised diesel rates by up to 35 paise across India’s metros. Owing to local taxes, gasoline prices vary from city to city. Since more than 80% of India’s crude needs are imported, diesel prices in the country are dictated by the value of the rupee against the dollar and crude oil prices on international markets. Following the adjustment, the existing diesel prices in Kolkata, Chennai, Mumbai, and Delhi are Rs.79.83, Rs.81.47, Rs.83.03, and Rs.76.23, respectively, for a litre.

FAQ’s For Diesel Price in Uttar Pradesh Today 

✅ How are diesel prices in Uttar Pradesh calculated?

The following table is used to calculate the average cost of fuel per litre:

Retail price = crude oil cost + refinery transfer cost + oil marketing companies’ profit margin + commission paid to vendors + excise tax + state levies (VAT) + emission cess

✅ What was the trend of diesel price at the end of 2019?

In Uttar Pradesh, the price of diesel began at Rs.65.91 per litre for the month of December 2019. There was a substantial rise in the same by the end of the month.

The price of crude oil rose on the world market, which had a significant effect on the price of diesel. Furthermore, the Washington-Beijing trade pact was set to be finalised, which kept the price of Brent crude oil reasonably constant. However, during the year 2019, the average price of Brent crude oil rose by 24%.

The diesel price in Uttar Pradesh at the end of December 2019 was Rs.68.13 per litre, the highest reported price for the month. The lowest price was Rs.65.91 per litre, which was registered at the beginning of the month. The average efficiency of the fuel has improved by 3.67 per cent.