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Historic Petrol and Diesel Fuel Prices Gap Difference for 15 Years in India at its Lowest Level Ever

Historic Petrol and Diesel Fuel Prices Gap Difference for 15 Years in India at its Lowest Level Ever

The Price Gap in between Petrol and Diesel Fuel has fallen to all time Lows. Know Historic Fuel Price Difference of Last 15 years in India across Major Metro Cities as Delhi, Mumbai, Chennai and Kolkata

 

Petrol Vs Diesel Fuel Price Gap at all Time Low in India

Since 2016 - there been many Interventions from Green Tribunal, Government to 

  • Impose Restriction on Plying on 10 Year Old Diesel Cars (in Delhi / NCR)
  • Ban on Sale of High Capacity Diesel Cars in Select Locations (Done in Delhi / NCR for a brief period)
  • New Infrastructure Cess with Higher Tax for Higher Capacity Cars - which are lesser fuel efficient
  • Removing Subsidies as what was given to Diesel Fuel

Other than it, now the Prices of Diesel and Petrol in such a way that Fuel Prices are on its all time high and the price Difference for the very first time entered in such a way where Diesel Fuel costed more than Petrol  in Delhi

 

See the Price Gap in Petrol and Diesel in 4 Metro Cities as in July 2016

  Petrol Price / Litre^ Diesel Price / Litre^ Price Gap
New Delhi Rs 62.51 Rs 54.28 Rs 8.23 / Litre
Mumbai Rs 67.11 Rs 59.6 Rs 7.51 / Litre
Chennai Rs 62 Rs 55.82 Rs 6.18 / Litre
Kolkata Rs 66.03 Rs 56.48 Rs 9.55 / Litre

The Price Gap of Rs 6.18 / Litre in Petrol and Diesel in Chennai. 

 

Below is the Latest Price Price Gap in Petrol and Diesel in 4 Metro Cities as in June 2020 - In 4 year

  Petrol Price / Litre^ Diesel Price / Litre^ Price Gap
New Delhi Rs 79.76 Rs 79.88 22 Paise higher for Diesel
Mumbai Rs 86.54 Rs 78.22 Rs 8.32 / Litre
Chennai Rs 83.04 Rs 77.17 Rs 6.87 / Litre
Kolkata Rs 81.45 Rs 75.06 Rs 6.39 / Litre

The Fuel Price Gap in now in Negative zone where Diesel fuel cost higher than Petrol

With the fact that Diesel Cars already have 

» Price Difference, Higher Road Tax in most of the cities - On Road Price Difference is on a higher side, which will also lead to Higher Finance Interest Cost

» Relative Higher Service Maintenance Cost 

» Relative Higher Insurance Premium in Later Years

This new reduced price gap would further dampen in sale of Diesel Cars and even valuation of Old Diesel Car Prices.

 


If you are Planning to Buy a New Car and Confused in between Petrol / Diesel Choice one

Refer this Comparison on - Diesel Cars Vs Petrol Cars


 

Historic Fuel Price Difference in India from 2003 to 2020 - Last 18 Years

The Historic Price Difference is on a higher note as against Petrol Cars and has once reached to Rs 24.69 / Litre in April 2012 and now in Negative Zone within 8 Years in Delhi

Know Prices of Petrol and Diesel in India (Capital - Delhi) in last 18 Years

Month Petrol / Litre Diesel / Litre Fuel Price Difference / Litre
April-03 Rs 33.49 Rs 22.12 Rs 11.37
June-04 Rs 35.71 Rs 22.74 Rs 12.97
April-05 Rs 37.99 Rs 28.22 Rs 9.77
Apr-06 Rs 43.5  Rs 30.45 Rs 13.05
Apr-07 Rs 43 Rs 30.25 Rs 12.75
Apr-08 Rs 45.5 Rs 31.76 Rs 13.74
Apr-09 Rs 44.7 Rs 30.86 Rs 13.84
Apr-10 Rs 48 Rs 38.1 Rs 9.9
Apr-11 Rs 58.5 Rs 37.75 Rs 20.75
Apr-12 Rs 65.6 Rs 40.91 Rs 24.69
Apr-13 Rs 66.09 Rs 48.63 Rs 17.46
Apr-14 Rs 72.26 Rs 55.48 Rs 16.78
Apr-15 Rs 60.49 Rs 49.71 Rs 10.78
Apr-16 Rs 59.68 Rs 48.33 Rs 11.35
Jul-16 Rs 62.51 Rs 54.28 Rs 8.23
July-17 Rs 63.09 Rs 53.33 Rs 9.76
July-18 Rs 75.55 Rs 67.38 Rs 8.17
July-19 Rs 72.96 Rs 66.69 Rs 6.27
June-20 Rs 79.76 Rs 79.88 Diesel Fuel for First Time Exceed price of Petrol

As can be seen that in last 2 Years (July 2016 and later) - the Price gap is the lowest at under Rs 10 per Litre in Delhi. Even in Chennai its just Rs 5.06 per Litre - making Diesel Cars unattractive in the location

However, Irony is that Indian User is paying tax of Rs 50 Per Litre (including Excise and State VAT) for obtaining 1 Litre of Petrol and Diesel in New Delhi. Rather this was the higher than the final price of Petrol and Diesel (including all taxes)

To be noted that Crude Oil is Priced at 42$ per Barrel, which is much lower than Historic Highs of 120$ per Barrel

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Important: If you seek advise or recommendation, pls raise query in Car Forum instead of posting in comments

 

Comments 1

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Angel Bottoms

Dear Sir / Madam we are direct mandate to major oil selling refinery here in Russia Federation, we provide standard services globally and compact into oil trading with commitment to provide excellent service. The Refinery which we represent can supply to you and your esteemed buyers company any Russian Origin product such as ; JP54, Jet A1, M100, D2, D6, etc without any complications.On agreed sellers procedures we can close the deal within 48/72hours. If interested kindly contact us via Email: gaznefte.sell@mail.ru Thanks. Angel Bottoms
Guest
Sunday, 12 July 2020

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