Diesel Price in Goa

Diesel Price In Goa Today (Oct 07 2024)

The Diesel Price in Goa is ...

Change In Prices of Diesel in Goa (Today & Yesterday)

Diesel Price In Goa Today Oct 07 2024

As per the latest dynamic price model, the revised diesel price will be modified every day by 6 a.m. for all petrol pumps in Goa, displaying it at the fuel stations.

Goa’s pumps include automated fuel stations as well as non-automated ones. While centrally managed automated stations change their diesel costs automatically, they do so manually at non-automated stations.

Trend of Diesel Price in Goa for March 2021 (rates per litre):

• The Diesel price in Goa on 1st March: Rs. 89.71/litre
• In the last week of March, the prices were close to Rs. Rs. 89.07/litre, which was also the lowest price that month.
• The trend of change is falling.
• The overall price change reads at -0.71%

Trend of Diesel Price in Goa for February 2021 (rates per litre):

• The Diesel price in Goa on 1st Feb: Rs. 82.91/litre
• In the last week of March, the prices were close to Rs. 88.30/litre, which was also the highest price that month.
• The trend of change is rising.
• The overall price change reads at +6.31%.

Trend of Diesel Price in Goa for January 2021 (rates per litre):

• The Diesel price in Goa on 1st Jan: Rs. 80.10/litre
• In the last week of Jan, the prices were close to Rs. 82.91/litre.
• The trend of change is rising.
• The overall price change reads at +3.39%.

Trend of Diesel Price in Goa for December 2020 (rates per litre):

• The Diesel price in Goa on 1st December: Rs. 78.43/litre, which was the lowest price that month.
• In the last week of December, the price closed at Rs. 80.10/litre.
• The trend of change is rising.
• The overall price change reads at +2.08%.

Trend of Diesel Price in Goa for November 2020 (rates per litre):

• The Diesel price in Goa on 1st Nov: Rs. 76.41/litre, which was the lowest price that month.
• In the last week of Nov, the price closed at Rs. 78.55/litre.
• The trend of change is rising.
• The overall price change reads at +2.72%.

Trend of Diesel Price in Goa for October 2020 (rates per litre):

Diesel Price in Goa Compared to its Neighbouring States

How often Diesel Rates are Revised in Goa 

Dynamic fuel price or daily fuel price reviews ensure that India’s retail diesel sales price matches world crude oil prices. As the world’s crude oil prices vary every day, even the slightest decrease will lead to a dynamic fuel price for the end consumer. It will also make the price of Diesel in India transparent.

In Goa, Diesel prices, like all others, were revised quintessentially in line with the average of the previous 15 days before the dynamic pricing. The revised diesel prices are available on their respective websites by oil marketing firms, including Indian Oil, HP, and BP.

Factors Affecting Diesel Price in Goa

• International crude oil prices and currency transaction charges affect the price per day of the different components involved in diesel pricing. International crude oil prices depend on various other factors, including oil-producing countries’ metrics for supply and demand, production, weather, political stability, etc.
• Shortage crude petroleum supplies raise crude petroleum prices, while an increase in production contributes to lower prices. Besides, the Indian oil refining and marketing inventory also affect the price of crude oil.
• The local Government also asks for a diesel tax, known as the extract duty, much like the state government. The duty to extract diesel in all states remains the same.
• Any amendment to the evaluation will impact the prices of diesel in the entire world. The new cut in the oil and diesel extract obligation in October 2017 is one such move that diesel’s cost has affected the Indian states altogether.
• Also, since Indian oil firms import crude oil in US dollars, the dollar exchange rate rupee, which is changing again dynamically, is a significant factor affecting Goa’s regular Diesel price.
• Besides the above factors, any improvement in transport costs, fuel charges, state and central government taxes, income margins of the oil marketing firms, and updates will affect Goa’s Diesel price.

State Taxes and Diesel Price in Goa

The government of Goa collects 23.22 percent VAT per litre of the country’s second-highest diesel. This is largely attributable to high tax rates on diesel in the state, bringing the rate close to Rs. 85. When tax rates are down, the price of diesel can fall in Goa.

Effect of GST on Goa Diesel Price

Goods and Services Tax (GST) is a famous phrase these days. The Indian government launched a single, simplified tax platform last year. GST applies to all consumers in the region. Since diesel does not come under the GST scheme, the new tax regime has no impact on diesel pricing.

In Goa and elsewhere in India, GST does not affect diesel.

If diesel’s cost is subject to GST, Goa’s adjustment could be considered 28%, less than diesel’s total price, being the most special duty rate under GST.

How are Diesel Prices in Goa Responding to GST?

If diesel’s cost is subject to GST, the most critical GST rate is 28 percent in Goa, which is less than diesel fuel’s overall cost. According to market observers, the government can levy GST on petroleum products in addition to VAT.

Diesel Cost versus Petrol Cost in Goa

Check the latest Petrol Prices in Goa.

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FAQs

✅ What is the average Diesel price in Goa?

The average Diesel price in Goa is ₹ 89.23.

✅ What is the costliest Diesel price in Goa?

The lowest Diesel price in Goa is ₹ 62.82 recorded on Oct 07 2024.

✅ Which city has the costliest Diesel price in Goa?