Diesel Price In Kolhapur Today

Indian oil companies like IOCL, HPCL & etc  purchase crude oil from other countries which have rich oil reserves. The price of crude oil is dynamic in nature. It is primarily affected when there is a reduction in production in oil exporting countries and when the weather is not supportive to extract crude oil. Further, the demand for oil also affects the price of crude oil in global markets. Since dynamic fuel pricing is being implemented in India, any change in international crude oil price will proportionately impact the petrol price in Kolhapur.

Indian fuel companies purchase crude oil in international markets by paying in US dollars. When the oil reaches India, the price is then converted into Indian currency. Therefore dollar to rupee exchange rate, which represents the value of the dollar against Indian currency, would be considered on daily basis for computing diesel price in Kolhapur. If the dollar gains against Indian rupee, the price of crude oil increases. If Indian rupee gains against US dollar, diesel price in Kolhapur and other Indian cities will decrease accordingly.

At the domestic level, two major factors that are considered in computing diesel price are the state and central government taxes. While the central government levies excise duty on every litre of diesel sold in the country, the state government charges value-added tax (VAT), which varies from one state to another.

Other minor components involved in diesel pricing in India are the profit margins of oil companies and dealers commission. The Indian oil companies after purchasing crude oil from other countries, refine it to extract petrol, diesel and other fuel products. The companies thus add refining costs and transportations costs to the cost price of oil. Once they sell the refined oil to petrol dealers, they add station maintenance costs, oil transportations costs and others in the form of dealers commission to the cost price of diesel.

Trend of Diesel Price in Kolhapur for October 2023 (rates per litre)

Monthly Diesel Price Trend in Kolhapur for October 2023 

1. Diesel prices opened the month of October standing at the rate of Rs.93.09 per litre in Kolhapur. When compared to the closing rates of the previous week, there were no changes in the price of the fuel. 
2. The price of the fuel was stable and witnessed no fluctuations during the month of October in Kolhapur. 
3. In Kolhapur, the last week of October closed with the price of the fuel standing at the rate of Rs.93.09 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Kolhapur. 

Trend of Diesel Price in Kolhapur for September 2023 (rates per litre) 

Monthly Diesel Price Trend in Kolhapur for September 2023 

1. Diesel prices opened the month of September standing at the rate of Rs.93.09 per litre in Kolhapur. When compared to the closing rates of the previous week, there were no changes in the price of the fuel. 
2. The price of the fuel was stable and witnessed no fluctuations during the month of September in Kolhapur. 
3. In Kolhapur, the last week of September closed with the price of the fuel standing at the rate of Rs.93.09 per litre. Over the week, the fuel prices displayed a stability in its overall performance in Kolhapur. 

Quarterly Diesel Price in Kolhapur between July 2023 and September 2023 

1. On 1 July, the price of diesel in Kolhapur was Rs.93.09 for a litre. Diesel prices remained the same throughout the month in the state. 
2. In August, the price for a litre of diesel in Kolhapur was Rs.93.09. Diesel rates remained the same throughout August in the state. 
3. The prices of diesel in Kolhapur in September remained the same and were Rs.93.09 for a litre. 

Quarterly Diesel Price in Kolhapur between April 2023 and June 2023 

1. On 1 April, the price of diesel in Kolhapur was Rs.93.09 for a litre. Diesel prices remained the same throughout the month in the state. 
2. In May, the price for a litre of diesel in Kolhapur was Rs.93.09. Diesel rates remained the same throughout May in the state. 
3. The prices of diesel in Kolhapur in June remained the same and were Rs.93.09 for a litre. 

About Diesel 

Diesel is one of the widely used fuel oils in India. Popular for its efficiency and mileage, the petroleum distillate is used to power motor vehicles and equipment installed with diesel engines or compression-ignition engines. 

Just like its counterpart petrol, diesel powers many cars, buses, trucks, trains and other commercial equipment such as drilling machines, power generators and other pumping units. 

Factors Affecting the Prices of Diesel in India 

Given below are few factors that determine diesel prices in India: 

1. Exchange Rate: The rupee’s value against the dollar affects diesel prices. The prices of diesel will fall in case the value of the dollar is high. 
2. Demand: Diesel prices will increase if the demand is high. 
3. Supply: In case the supply is less, the prices of the fuel will increase. 
4. Crude Oil Prices: Crude oil prices in the international market is an important factor that is considered when determining diesel prices. 

Dynamic Fuel Pricing 

According to dynamic pricing model, diesel prices in Kolhapur should be revised by 6.00 a.m. every day by considering international crude oil price and currency exchange rate. Diesel price in Kolhapur varies on a daily basis due to the dynamic pricing model implemented in India since June 2017. With the introduction of the new pricing mechanism, India joins other developed countries such as Australia, Japan, USA and Russia.  

Taxes Levied on Diesel in Kolhapur

As discussed earlier there are two different taxes being levied on diesel. While the central government's excise duty remains same across the country, VAT on diesel changes with respect to every state.

Currently, the central government collects an excise duty of Rs.15.33 per litre of diesel. The Maharashtra state government levies VAT of 24.86% on every litre of diesel sold in the state.

*Disclaimer: BankBazaar makes no guarantee or warranty on the accuracy of the data provided on this page, the prevailing prices are susceptible to change and provided on an as-is basis. We accept no liability for any loss arising from the use of the data contained on this website.