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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 last 2 to 3 years - there been many Interventions from Green Tribunal, Government to 

» Impose Restriction on Plying on 10 Year Old Diesel Cars

» Ban on Sale of High Capacity Diesel Cars in Select Locations

» New Infrastructure Cess with Higher Tax for Higher Capacity Cars - which are lesser fuel efficient

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 in between Diesel Prices and Petrol Prices turns out to be at under Rs 10 per Litre

 

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. it was never heard of in last Decade

 

Below is the Latest Price Price Gap in Petrol and Diesel in 4 Metro Cities as in June 2019 - In 3 year 3 Months

  Petrol Price / Litre^ Diesel Price / Litre^ Price Gap
New Delhi Rs 70.43 Rs 64.39 Rs 6.04 / Litre
Mumbai Rs 76.12 Rs 67.51 Rs 8.61 / Litre
Chennai Rs 73.17 Rs 68.11 Rs 5.06 / Litre
Kolkata Rs 72.68 Rs 66.31 Rs 6.37 / Litre

The Fuel Price Gap in all 4 Metro Cities is less than Rs 10 / Litre and is narrowing to Rs 5 to 6 per Litre in 3 Cities, this would likely impact in demand of Diesel Cars to a considerable extent.

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 2018 - Last 15 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, this is now almost 65% down to Rs 9 per Litre

Know Prices of Petrol and Diesel in India (Capital - Delhi) in last 15 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
June-19 Rs 70.43 Rs 64.39 Rs 6.04

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

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Sunday, 16 June 2019

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