Petrol prices in New Delhi have been turning more volatile, as prices of crude oil have been showing a firm trend. It is important to check todays petrol price in New Delhi ₹ 69.59 (1st May 2020), especially if you are going for a long drive. Remember, petrol and diesel prices are revised daily, so you can lose much, if you are travelling on a long distance. The rupee has also moved lower against the dollar, which has made petrol prices in New Delhi more expensive than before. It is hoped that the government can reduce excise duties, so as to enable rates to become more cheaper in the coming days.
|Apr 30, 2020||₹ 69.59||₹ 0.00|
|Apr 29, 2020||₹ 69.59||₹ 0.00|
|Apr 28, 2020||₹ 69.59||₹ 0.00|
|Apr 27, 2020||₹ 69.59||₹ 0.00|
|Apr 26, 2020||₹ 69.59||₹ 0.00|
|Apr 25, 2020||₹ 69.59||₹ 0.00|
|Apr 24, 2020||₹ 69.59||₹ 0.00|
|Apr 23, 2020||₹ 69.59||₹ 0.00|
|Apr 22, 2020||₹ 69.59||₹ 0.00|
|Apr 21, 2020||₹ 69.59||₹ 0.00|
|Highest rate in April||Rs.69.59 on April 1st|
|Lowest Rate in April||Rs.69.59 on April 1st|
|Over all performance||No Change|
|Highest rate in March||Rs.71.71 on March 1st|
|Lowest Rate in March||Rs.69.59 on March 16th|
|Over all performance||Falling|
|Highest rate in February||Rs.73.19 on February 1st|
|Lowest Rate in February||Rs.71.89 on February 18th|
|Over all performance||Falling|
|Highest rate in January||Rs.76.01 on January 11th|
|Lowest Rate in January||Rs.73.27 on January 31st|
|Over all performance||Falling|
|Highest rate in December||Rs.75.14 on December 31st|
|Lowest Rate in December||Rs.74.63 on December 17th|
|Over all performance||Rising|
|Highest rate in November||Rs.74.86 on November 30th|
|Lowest Rate in November||Rs.72.60 on November 5th|
|Over all performance||Rising|
Petrol prices in Delhi are now changing everyday, as against every 15 days before. We are providing daily petrol price rates, so you can check the same on goodreturns.in
The advantage of doing that is you know when to fill petrol and make maximum use of falling petrol prices. In any case Delhi petrol rates are much lower then some of the other cities in India. It also sets the trend for an increase or decrease in rates in various other cities of India. The rates would be largely determined by the largest oil marketing companies in India, that is Indian Oil, Bharat Petrolem and Hindustan Petroleum. You would do well to check the rates given the fact that if you fill same about 30 to 40 litres petrol you could tend to lose a lot. Now that petrol prices in Delhi have been dergulated like many other cities in the country.
Petrol rates in Delhi largely depend on how international prices of crude oil move. It is largely linked to international crude prices, which trade abroad. There is also an India crude basket, which largely determines the prices of Petrol in Delhi. It is always advisable to check the petrol prices, if you are planning to fill your automobile to the brim. A small change in rates can be mean a lot when you have larger volumes of diesel or petrol to fill. Diesel prices in Delhi also more or less move in a smilar way.
Lately, we have been seeing an increasing trend of petrol prices rallying in several cities. In fact, in places like Delhi they have now hit the Rs 72 per litre mark. This has happened as international prices of crude have gone higher and there is every possibility that there could be a further increase in prices.
The government has in the past cut the excise on petrol to make-up for the huge gains seen in the prices of petrol. However, any such cuts in the excise tends to impact the government's fiscal deficit.
If the trend of an increase in Delhi prices of petrol today continues, we may soon realize that rates have now hit a three year high and this is not good news for any government.
An urgent cut in the prices of the fuel is needed to be implemented by the government at the earliest.
Todays petrol prices in New Delhi are a result of a host of a factors that influence rates.
Among these include world prices of the fuel. At the moment Brent Crude prices are trading at $64. When these prices go higher, the India crude basket goes higher, which in turn alters the daily price of petrol in Delhi. A similar thing can be seen as far as diesel is concerned.?
It is hence a good idea to check prices of the fuel before leaving your home. For the last few days there has been a declining trend at the retail level. Once petrol and diesel prices are bought under the ambit of the Goods and Services Tax, we may see these prices declining in the coming days. In the meantime, we would have to continue to pay the desired sum and wait for a fall in todays petrol rates in New Delhi.??
Fuel rates in India depend on a host of things. Petrol prices in Delhi today depend on the India crude basket, transportation costs, value added taxes and excise duty levied by the government.
The fuel costs in the city are pretty high, though they are way lesser than what Mumbai charges. The city has one of the highest value added taxes, which has pushed petrol prices higher.
In India, when excise by the government is hiked, petrol prices in Delhi tend to increase. At the moment, excise is slightly more than Rs 21. The local government also tends to tinker with the value added tax, which tends to inflate the fuel rates.
The currency also plays a big role, in pushing the price of petrol and diesel either way. If rates tend to move in one direction heavily, the government can cut or hike rates accordingly.
?Overall, it is likely that we will see sharp cuts in the prices of the fuel in the coming days. International prices have the biggest bearing and any drop in these tend to help rates cuts. Movement of the rupee against the dollar also tends to impact petrol and diesel prices accordingly.
So, for calculation of todays petrol price in Delhi one has to taken into account, excise, value added tax, India crude basket and currency movement.?
The petrol prices in New Delhi were unmoved despite a surge in global fuel prices following improvement in demand for oil.
The petrol rates in New Delhi were recorded at Rs 69.59 per litre.
In the global scenario, Brent was seen trading at $25.29 per barrel, up by 12.20% and West Texas Intermediate (WTI) was at $17.34 per barrel, up by 15.14%.
The signs that the U.S. crude glut is not increasing quickly as expected and indications of a surge in fuel demand helped the fuel prices to jump during today’s trade session as it witnessed a double-digit growth for the first time since the coronavirus crisis began.
As per the data from the U.S. Energy Information Administration, the U.S. crude inventories increased by 9 million barrels last week to touch 527.6 million barrels.
Royal Dutch Shell announced that the company will be trimming down its dividend for the first time since World War II. The move by one of the biggest oil producers reveals the depth of the crisis which has created havoc on the global economy.
In addition to this, the U.S. President – Donald Trump said that his administration will be soon releasing a plan to help the U.S. oil companies. Steven Mnuchin, the U.S. Treasury Secretary announced that the plan could include the addition of millions of barrels of fuel to national reserves.30 April 2020
The petrol prices in New Delhi, the national capital of India was unmoved for over 40 days in a row despite a slight improvement in global crude rates as most of the nations hints at easing lockdown restrictions in the coming days. The petrol rates in New Delhi were recorded trading at Rs 69.59 per litre.
In the global markets, Brent was seen trading at $21.40 per barrel, up by 4.59% and West Texas Intermediate (WTI) was at $14.28 per barrel, up by $15.72%.
The data on the U.S. inventories showed that the build was smaller than feared earlier and this has helped the crude prices in the global markets to rally up during today’s trade session. Apart from this most of the countries are also planning to ease the lockdown restrictions imposed and are chalking out a strategy to uplift the restrictions in a phased manner and this has also weighed on the fuel prices to march up.
Recently, OPEC and its member nations had agreed to cut close to 9.7 million barrels per day (bpd) of crude in a move to ease the supply gut which led to the crash in the international fuel prices amidst muted demand for oil due to coronavirus situation across the globe.
The pandemic which initially originated in China has spread to almost all the countries across the globe, wrecking the stability of financial markets and economic scenario, apart from endangering lives of living beings.29 April 2020
The petrol prices in New Delhi remained unmoved despite fall in international markets for second straight day in a row as uncertainty shrouds around the demand for oil amidst coronavirus crisis which has paved way for lockdown of many nations to contain the spread of the flu-like virus. The petrol rates in New Delhi were recorded trading at Rs 69.59 per litre.
In the overseas markets, Brent was seen trading at $20.20 per barrel, up by 1.05% and West Texas Intermediate (WTI) was at $11.63 per barrel, down by 9.00%.
The shortage of fuel storage amidst oversupply in the global markets has impacted its prices to go down further during today’s trade session. Analyst forecast that the demand for oil may be slower than expected despite when the nations will ease the lockdown norms and reopen the economy in the coming days.
Bernard Looney, the Chief Executive of British Petroleum (BP) said that his firm has expected that the demand for global fuel is likely to drop by roughly 15 million barrels per day (bpd) during the second quarter of 2020, owing to coronavirus related movement restrictions.
The OPEC members along with its non – member partners have agreed to trim down around 10 million bpd with effect from May 1, 2020.28 April 2020
The petrol prices in New Delhi were unmoved for a record period of over 40 days in a row despite plunge in the global crude rates as weak demand for oil has weighed on its prices to fall further. The petrol rates in New Delhi were recorded trading at Rs 69.59 per litre.
In the overseas markets, Brent was recorded at $21.08 per barrel, down by 1.68% and West Texas Intermediate (WTI) at $15.73 per barrel, down by 7.14%.
Last Monday – April 20, 2020, was the historic day in the oil markets as the U.S. oil futures declined below $10 per barrel for the first time in the history and plunged to the lowest number ever as it traded at negative $38 per barrel, sending shock waves across the oil industry which is already ailing badly owing to the coronavirus crisis.
Within a few months of the coronavirus pandemic, the oil markets are destroyed so much that the fuel demand has been diminished very badly following travel restrictions of people, recessions, financial crashes and wars had ever failed to do earlier by leaving the United States of America alone with abundant availability of crude that it has no place to store it or put it.
The OPEC and its allies agreed to cut down 9.7 billion barrels per day (bpd) of oil output in a move to supports its prices during its recent meeting and in addition to this, the U.S. has agreed to trim down additional 600,000 barrels per day and Canada with another 300,000 bpd of oil.27 April 2020
The petrol prices in the national capital – New Delhi stayed afloat despite inching up slightly in the overseas markets amidst recovery from the recent crash owing to weak oil demand. The petrol rates in New Delhi were recorded trading at Rs 69.59 per litre.
In the overseas markets, Brent was spotted trading at $21.44 per barrel, up by 0.52% and West Texas Intermediate (WTI) was at $16.94 per barrel, up by 2.67%.
The coronavirus has created mayhem in the oil markets as prices of U.S. crude nose-dived to hit zero and traded at negative $40 per barrel during the week and marked the worst week in the oil markets.
The oil markets witnessed extreme volatility during the entire week and in an extension of the selling which mainly dominated trading sessions since early March 2020 as the demand for oil plummets by 30% due to the outspread of pandemic across the globe.
Analysts are expecting a sharp fall in the oil supply for months to come as economic activities, manufacturing activities, travelling has come to a standstill owing to lock down measures imposed by most of the nations to curtail the spread of the flu-like virus.
Storage of crude is also filling quickly across the globe, which may force OPEC to go for furthermore output cuts despite oil producers club agreeing recently to trim down around 9.7 million barrels per day.25 April 2020
The petrol prices in New Delhi stayed unmoved despite oil prices sliding down to witness historic turmoil during the week amidst coronavirus pandemic. The petrol rates in New Delhi, the national capital of India today traded at Rs 69.59 per litre.
In the international scenario, Brent was seen trading at $22.21 per barrel, up by 4.13% and West Texas Intermediate (WTI) at $17.22 per barrel, up by 4.36%.
The Continental Resources Inc which is the largest fuel producer in North Dakota has stopped most of its production in the United States of America and has notified some of its customers that it will not be supplying fuel, noted some of the sources familiar with the matter.
The steep fall in crude demand and lack of storage capacity to store the oversupply of oil had recently forced OPEC and its member partners to sign a deal and cut down the output to the tune of 9.7 million barrels per day (bpd) and the same will come into effect starting from May 2020.
On the demand side, analysts note that the demand for fuel is likely to pick up later this year once many nations will open the economy from the lockdown situation which is being imposed currently to contain the further spread of the pandemic which has routed the global economy completely.24 April 2020
The petrol prices in New Delhi stayed firm despite a surge in oil prices in the overseas markets due to Gulf tensions and output cuts. The petrol rates in New Delhi were recorded trading at Rs 69.59 per litre.
In the international scenario, Brent was recorded trading at $21.99 per barrel, up by 7.95% and West Texas Intermediate (WTI) was at $16.26 per barrel, up by 18.00%.
The abundant supply glut in the oil markets forced the OPEC and its member partners to go in for output cuts and accordingly around 9.7 million barrels per day (bpd) of oil has been wiped out from the global markets following diminished demand for oil amidst coronavirus crisis.
In addition to this, the allies of the OPEC+ members have agreed to cut a record output beginning from May 1, 2020, in a move to uplift the ailing crude markets which are witnessing great turmoil at the moment.
This Monday, the U.S. crude prices plummeted and slid below zero to trade at negative points for the first time in the history of the oil industry.
Analysts note that the collapse in the oil demand is mainly due to the travel restrictions imposed to contain the coronavirus outspread and the shortage of space to store the fuel which still dominates the market has added further woes to the existing situation.
The U.S. President – Donald Trump has directed the U.S. Navy to fire on the Iranian ships if they harass them in the Gulf region, this has fueled fresh tensions between the two nations which are already under logger's heads with each other for years.23 April 2020
The petrol prices in New Delhi remained firm despite a crash in the U.S. crude prices amidst coronavirus pandemic. The petrol rates in New Delhi were seen trading at Rs 69.59 per litre.
In the global markets, the crude benchmark – Brent was seen trading at $19.36 per barrel, up by 0.16% and West Texas Intermediate (WTI) was at $11.11 per barrel, down by 3.98%.
The recent nose-dive in the global crude rates has left the oil markets to suffer further as the fuel prices declined overnight during yesterday’s trade session and Brent slumped to hit its lowest level for the first time since 1999 as the plunge in the demand for oil for all kinds of activities be from jet fuel to gasoline due to wide spreading coronavirus and lockdown measures undertaken by several nations to contain further spread of the pandemic.
In an unexpected move, the U.S. crude oil futures turned negative this Monday for the first time in the history of oil markets as desperate traders paid to get rid of fuel amidst feeble demand for fuel.
Analyst note that a weak currency will be helpful to cushion the negative economic effects of the falling crude rates at least to some extent.22 April 2020
The petrol prices in New Delhi – national capital remained unmoved despite drop-in crude rates to negative level amidst pandemic outspread. The petrol rates in New Delhi today was seen trading at Rs 69.59 per litre.
In the global platform, the West Texas Intermediate (WTI) crashed to the lowest level in the history of oil markets and settled at $2.550 per barrel and Brent was at $19.54 per barrel, down by 6.03%.
The crude rates have declined amidst coronavirus pandemic which has reduced the demand for oil amidst abundant supply of oil which has weighed on its prices to hit its lowest point during yesterday’s trade session.
The pandemic which has declined the global fuel demand by close to 30% since March 2020 as most of the nations have implemented travel restrictions in place to contain the spread of the epidemic which in turn has diminished the demand for fuel.
Recently, OPEC decided to trim down close to 9.7 million barrels per day (bpd) of output daily to reduce the supply clog which has weighed on the fuel prices in the international markets. Despite this, the crude prices are showing no signs of improvement and are continuing to decline.
Most of the nations have expressed their desire to ramp up storage but the storage capacity in the United States of America is filling up more quickly than expected leaving behind the abundant amount of unwanted crude still in the markets sending the fuel prices to a negative level.21 April 2020
The petrol prices in New Delhi remained unmoved for over a month in a row despite recording a steep fall in global crude prices to further lows which are not seen since 2001. The petrol prices in New Delhi were recorded trading at Rs 69.59 per litre.
In the international markets, Brent dipped further to settle at $27.84 per barrel, down by 0.85% and West Texas Intermediate (WTI) was at $15.54 per barrel, down by 14.94%.
The continuous fall in the demand for oil amidst the coronavirus crisis has shaken the oil markets badly since the beginning of fiscal 2020. As most of the nations have enforced strict lockdown and business houses also encouraging employees to work from home, the demand for fuel which otherwise was at a high level is struggling to get back to normalcy.
Intending to reduce the oversupply of fuel, the oil producers club is swiftly reducing the output production by record numbers to uplift the ailing prices which have declined to his new lows never seen before since November 2001, but the crude prices are showing no signs of improvement at the moment.
As per the estimated figures, the demand for fuel is likely to decline by roughly around 30% across the world. Saudi Arabia’s officials predict that the total supply trims from the oil producers are likely to take away around 20 million barrels per day (bpd) of crude but this number will also include the cuts from the on OPEC members like – the U.S. and Canada, which cannot just turn on or trim down the production levels the way most of the OPEC nations can do.20 April 2020