Today's Diesel Price in Gujarat

Factors Influencing Diesel Price Fluctuations

• Government Policies: Both central and state government policies on taxes and subsidies play a crucial role in determining the retail price of diesel. 

• US Dollar Exchange Rate: Since crude oil is traded in US dollars, any fluctuation in the exchange rate can affect the final price in India.

• Geopolitical Events: Conflicts and tensions in oil-producing regions can lead to price spikes.

• Global Crude Oil Prices: Changes in the global demand and supply of crude oil directly impact the price.

How often Diesel Prices are Revised in Gujarat?

Unlike the previous fortnightly revision, diesel prices in Gujarat, just like in rest of the India, are being revised on a daily basis. The new pricing system, also called dynamic fuel pricing, was introduced in June 2017, to bring transparency in fuel pricing and also to align the fuel prices in India to that in international markets. Any change in the global oil prices thus immediately impact the end customer on a daily basis.

As per the new pricing system, all the petrol pumps in the state will update the revised diesel price every day by 6 a.m. While the automated petrol pumps that are controlled centrally get an auto update of diesel price, the non-automated pumps have to do it manually.

Customers can fetch the daily revised diesel prices from the oil company websites and also from the company's mobile apps, which are compatible on both android and iOS platforms. For fuel station specific prices they have to send an SMS along with the dealer code, which is available at the respective petrol pumps, to a specific number as allotted by the oil companies.

Diesel Rate versus Petrol Rate in Gujarat

Diesel price in Gujarat, similar to other Indian states, is lesser than petrol prices because of the difference in the taxes being levied on both the commodities. However, compared to other states the price difference between petrol and diesel in Gujarat is relatively less as the state government charges same amount of VAT on both diesel and petrol.