How Much Was Diesel In 2000?

India’s diesel fuel price rose from 0.21 US dollars per liter in 1998 to 0.81 US dollars per liter in 2016, expanding at a 19.25 percent yearly pace.

What was the diesel price in 2014?

Petrol was Rs 66 per liter in 2014-15, and diesel was Rs 50 per liter. In 2021, petrol has surpassed Rs 95 per liter, and diesel has surpassed Rs 86 per liter.

What was the diesel price in 2013?

On Sunday, diesel was sold in the national capital for Rs65.65 a litre. In Delhi, petrol prices reached a new high of Rs74.40 per litre, surpassing the previous high of Rs76.06 per litre set on September 14, 2013.

While the National Democratic Alliance government has ruled out restoring government control over fuel prices, India’s concern about crude oil prices arises from the fact that the country’s energy demands are mostly satisfied through imports—the country bought 214 million tonnes of crude oil in 2016-17. Crude oil prices, which peaked at a record $147 a barrel in July 2009, have been defined by extreme volatility.

What was the price of diesel in 1980?

Starting June 8, the price of petrol has been increased by 65 paise per litre. Similar hikes in the cost of high-speed diesel oil and light diesel oil were also announced by the government. The price hikes will not affect kerosene or cooking gas. According to an official press statement, the retail price of fuel in Delhi, which is now fixed at Rs 4.41 per litre, would increase to Rs 5.10 per litre. Diesel, which is currently priced at Rs 1.58 per litre, will be priced at Rs 2.28 per litre. Petroleum product prices were last hiked in August 1979.

What was diesel price in 1994?

Fuel prices have risen during the last two decades as a result of factors such as sales tax adjustments, the effective retail price of petroleum, and increases in local levies.

The retail pricing of four important petroleum products in the national capital have been revised since 1989. Petrol, kerosene, and diesel prices are per litre in rupees, whereas LPG costs are per 14.2 kilogramme cylinder.

Petrol was 8.50 cents per gallon, kerosene was 2.25 cents per gallon, diesel was 3.50 cents per gallon, and LPG was 57.60 cents per gallon on April 1, 1989. Within five years (February 2, 1994), the price of gasoline and diesel had nearly doubled to 16.78 and 6.98, respectively.

LPG prices jumped about 50 percent from Rs 146 to Rs 196.55 in the year 2000, followed by a Rs 36 increase in five months to Rs 232.25.

Petrol and diesel prices gradually increased over the next five years. The spike in diesel prices was more pronounced than the rise in gasoline prices. Fuel prices in 2005

In September, both gasoline and diesel prices were revised to 43.49 and 30.45, respectively.

LPG prices rose sharply over the next five years, peaking at 346.30 in January 2009 before falling to 279.70 in January 2010. LPG prices were hiked again in April 2010, followed by a revision to 345.35 in June 2010. Between 2005 and 2010, the price of fuel increased by Rs 15 and that of diesel by Rs 9.03.

The pro-reform government deregulated fuel prices in June 2010, and while it retained control over diesel prices, prices have risen faster than predicted.

The government may benefit indirectly from the price hikes. Higher prices, according to the energy ministry, will reduce state-run oil marketing enterprises’ losses by more than half to $ 11.4 billion in the fiscal year ending March 31, 2011.

From July 1 to September 21, a succession of small increases by firms brought petrol prices to 51.83 rupees per litre on September 1, down less than 1% since the June deregulation rise.

As global oil prices linger around $ 90 per barrel, the highest jump since deregulation, of 5.6 percent, pushing fuel prices over 53 rupees per litre in December 2010.

What was the price of petrol in 1947?

On August 15, 1947, India became independent. Since then, the country has seen significant transformations, including changes in the pricing of various goods. Several items’ prices have risen dramatically since the country’s independence. We’ve all heard stories about cookies costing a few pence or airfares being cheaper, and they weren’t entirely false.

Since independence, gold has been one of the commodities whose price has reached new highs. According to the Indian Post Gold Coin Services, 10 grams of gold cost Rs 88.62 in 1947. The same 10 grams now cost more than Rs 46,000.

The current price of gasoline has begun to put a strain on people’ wallets. A litre of petrol costs Rs 101.84 in Delhi. In 1947, however, the same amount could be had for just 27 pence.

At the time of independence, an Air India ticket from Delhi to Mumbai would cost roughly Rs 140. As more flights have begun to operate, the expenses have increased significantly. The identical one-way journey will now set you back more than Rs 5,300.

A 2BHK bungalow in Mumbai would rent for Rs 40 to 50 per month back then. The rent might now cost hundreds of rupees, depending on the neighborhood.

The value of the rupee has changed the most. In 1947, the currency was on level with the US dollar. The currency’s depreciation, as well as other economic reasons, have contributed to its continual decline. The exchange rate is Rs 74.28 to $1.

What was the price of petrol in 2003?

Crude oil prices are at a 12-year low, making it cheaper than beer in the United States. Meanwhile, in India, petrol costs haven’t dropped nearly as much, according to popular belief. However, as strange as it may appear, Indians currently pay less for gasoline than they did in 2003, when crude oil prices were below $30 per barrel.

In December 2003, the price of petrol in New Delhi was Rs 32.7 per litre, compared to Rs 60.53 per litre in December 2015, a rise of 85 percent (see Table 1) during the previous 12 years.

Because crude oil is priced in US dollars, and the Indian Rupee has plummeted by 45 percent against the US Dollar since 2003, Indian customers will have to pay a higher price due to the weaker currency. Second, while crude oil’s ‘current’ price may have gone below $30 for a few days, retail fuel prices are based on an average price over a longer period. The average price of Indian crude basket in December 2015 was $35.7, which was 32% higher than the dollar price in December 2003. When these two factors are combined, the price of gasoline in rupees should rise by around 92 percent.

The retail price of petrol would have been Rs 62.8 per litre if prices had moved in line with crude oil prices and a stronger currency — a 92 percent increase – as opposed to the current price of Rs 60.5 per litre. So, while gasoline is now much more expensive in nominal terms than it was in 2003, it is actually cheaper in real ones.

One detail worth noting is that the current price of crude oil in Indian rupees is Rs 14.8 per litre. Taxes account for the majority of what consumers spend at the pump. Because only a small percentage of Indians pay income tax, the government has rely on indirect taxes on commodities to supplement its revenue.

The average price of India’s crude oil imports plummeted from $107.3 per barrel to $35.7 per barrel between December 2013 and December 2015, or from Rs 41.6 per litre to Rs 14.9 per litre, a drop of Rs 26.7 per litre. During this time, however, the retail price of petrol has only reduced by Rs 11 per litre. The rest has been taken up by the government in the form of increased taxes.

What was the price of diesel in 2017?

On July 7, 2017, the price of diesel per litre in New Delhi was Rs 53.82, in Kolkata it was Rs 56.11, in Mumbai it was Rs 59.15, and in Chennai it was Rs 56.65.

Customers will have to pay these prices for gasoline and diesel starting at 6 a.m. on July 7, 2017.

After increasing in recent weeks, global crude oil prices have begun to decline.

On Thursday, the government stated, “The international crude oil price of Indian Basket, as computed/published today by the Ministry of Petroleum and Natural Gas’s Petroleum Planning and Analysis Cell (PPAC), was US$ 48.16 per barrel (bbl) on July 5, 2017. This was lower than the previous publishing day’s price of US$ 48.62 per barrel.”