Diesel Price Trend in India
Diesel prices in India have been rising due to global oil price fluctuations and domestic tax policies. This increase is affecting industries such as transportation and agriculture, which rely heavily on diesel. Future diesel price trends remain uncertain as India explores alternative energy solutions.
Diesel Prices in India (2004-2024)
Yearly diesel prices in India from 2004 to 2024.
Year | Petrol Price (Per litre) |
2024 | 100 |
2023 | 98 |
2022 | 95 |
2021 | 95.41 |
2020 | 80.43 |
2019 | 73.83 |
2018 | 78.52 |
2017 | 69.99 |
2016 | 64.38 |
2015 | 60.5 |
2014 | 72.43 |
2013 | 72.26 |
2012 | 68.57 |
2011 | 63.77 |
2010 | 52 |
2009 | 48 |
2008 | 51 |
2007 | 44 |
2006 | 41 |
2005 | 38 |
2004 | 34 |
State and Central Taxes on Fuel (2004-2024)
The following table details the approximate state and central taxes on petrol and diesel over the years:
Year | State Taxes (per litre) | Central Taxes (per litre) | Total Taxes (per litre) |
2004 | Rs.8.00 | Rs.6.00 | Rs.14.00 |
2005 | Rs.8.50 | Rs.6.50 | Rs.15.00 |
2006 | Rs.9.00 | Rs.7.00 | Rs.16.00 |
2007 | Rs.9.50 | Rs.7.50 | Rs.17.00 |
2008 | Rs.10.00 | Rs.8.00 | Rs.18.00 |
2009 | Rs.9.50 | Rs.7.50 | Rs.17.00 |
2010 | Rs.10.00 | Rs.8.00 | Rs.18.00 |
2011 | Rs.12.00 | Rs.10.00 | Rs.22.00 |
2012 | Rs.12.50 | Rs.10.50 | Rs.23.00 |
2013 | Rs.13.00 | Rs.11.00 | Rs.24.00 |
2014 | Rs.13.50 | Rs.11.50 | Rs.25.00 |
2015 | Rs.12.00 | Rs.10.00 | Rs.22.00 |
2016 | Rs.12.50 | Rs.10.50 | Rs.23.00 |
2017 | Rs.13.00 | Rs.11.00 | Rs.24.00 |
2018 | Rs.14.00 | Rs.12.00 | Rs.26.00 |
2019 | Rs.13.50 | Rs.11.50 | Rs.25.00 |
2020 | Rs.14.50 | Rs.12.50 | Rs.27.00 |
2021 | Rs.16.00 | Rs.14.00 | Rs.30.00 |
2022 | Rs.16.00 | Rs.14.00 | Rs.30.00 |
2023 | Rs.16.50 | Rs.14.50 | Rs.31.00 |
2024 | Rs.17.00 | Rs.15.00 | Rs.32.00 |
Reasons for Price Changes
- 2023-2024: In recent years, diesel prices have changed slightly due to issues in supply chain and geopolitical tensions. In the country, diesel prices have increased slightly due to changes in tax rates.
- 2021-2022: In India, diesel prices increased significantly as crude oil prices jumped as economies began recovering from COVID-19. High taxes also played a role in ensuring diesel prices increased.
- 2019-2020: The prices of crude oil dropped significantly due to the impact of COVID-19. This ensured that taxes on diesel reduced.
- 2016-2018: Diesel prices in India increased during these years. The prices of diesel saw an upward trend as central and state governments increased taxes.
- 2015: Diesel prices fell in India due to a drop in prices of crude oil. Crude oil rates fell due to weaker demand.
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