Roadgrip Bitumen (VG30) in Kandla

Bitumen is a thick, black, sticky substance that is commonly used in road construction and waterproofing. Made as a byproduct of crude oil refining, it plays a big role in infrastructure development across the world. Whether you are working on highways, airport runways, or roofing systems, bitumen is often at the core of the project.

In India, bitumen is in constant demand thanks to large-scale government and private infrastructure projects. Understanding bitumen prices, grades, and usage can help construction companies, traders, and buyers make more informed decisions.

Key Properties of Bitumen

• Viscous and Thermoplastic: Becomes softer when heated and hardens as it cools.
• Waterproofing Abilities: Resists water, making it ideal for road surfaces and roofing.
• Strong Adhesion: Bonds well with aggregates like gravel and stone.
• Durability and Flexibility: Can handle moderate stress and climate variation.

Industrial Applications of Bitumen

1. Road Construction: Used in flexible pavement, especially in national highways and city roads.

2. Roofing and Waterproofing: Applied in bituminous membranes, felts, and coatings.

3. Airport Runways: Needed in areas needing high load-bearing strength and smooth finish.

4. Bridge Deck Surfacing: Gives resistance against water seepage and supports heavy loads.

5. Industrial Coatings: Used in protecting pipes, tanks, and foundations from corrosion and moisture.

Bitumen Market Trends and Supply Chain

The Indian bitumen market shows varied pricing across different regions and grades, due to factors such as refinery outputs, import dynamics, and infrastructure demand.​

India's bitumen consumption is projected to rise by approximately 14% in the fiscal year 2024–25, reaching around 10 million tons. This surge is mainly because of ongoing national highway projects and state-level road constructions. Despite a reduction in the national highway construction target—from 13,814 km in FY2023–24 to 10,421 km in FY2024–25—state government initiatives and pending projects are expected to sustain demand.

However, challenges are still there. Delayed fund disbursements by state governments have led to payment recovery issues for many importers and traders. This financial strain has compelled some suppliers to offer extended credit terms and discounts, impacting profit margins. Also, supply constraints from major exporters like Iran have exerted upward pressure on import costs.

India's commitment to expanding its road network, including the construction of 83,677 km of roads by 2025, is driving demand for bitumen. Projects like Bharatmala Pariyojana and PM Gati Shakti are significant contributors to this growth. Infrastructure projects, especially in states like Maharashtra, Tamil Nadu, and Andhra Pradesh, are also significant contributors to the rising demand.

Government infrastructure projects like NHAI highways, urban smart city roads, railways, and state PWD works quite frequently float tenders for large-scale Bitumen procurement.

Bitumen Prices

Prices for VG (Viscosity Grade) bitumen vary by refinery and location. These variations reflect regional supply and demand dynamics. IOCL's bitumen prices are currently higher compared to BPCL and HPCL, showing differences in supply chains and regional logistics.

Imported VG30 bulk bitumen prices also show regional differences. These prices are influenced by international market trends and shipping costs.

Bitumen prices are linked to:

• International crude oil trends
• Domestic refinery price notifications
• Port and transport availability
• Seasonal and government project cycles

You can check the bitumen price list to get a clear idea.

Latest Bitumen Prices Across Locations

Bitumen Historical Prices

In 2021 and 2022, bitumen prices went up because of increasing crude oil and freight costs. In 2023, rates remained volatile due to global oil market instability and domestic consumption growth. Historical trends show price peaks around the start of summer and just before monsoon.

Bitumen Historical Price Data

Bitumen Rates Today 

In 2025, domestic bitumen price per kg has seen relative stability. Prices are generally revised by refiners twice a month.

Bitumen rates today vary based on:

• Grade (VG-30, VG-40)
• Location (Mumbai, Chennai, Haldia, etc.)
• Packaging (bulk, drums)
• Delivery lead times

Bitumen Price Forecast 

The global bitumen market is projected to grow from $75.60 billion in 2025 to $98.62 billion by 2032, exhibiting a CAGR of 3.9% during the forecast period.

Bitumen price forecasts usually depend on:

• Brent crude oil trends
• Demand projections from NHAI and state roadworks
• Import parity and freight rates
• Monsoon arrival and road construction calendar

Short-term price spikes are common before peak construction periods.

In the long term, the bitumen market in India is poised for growth, driven by large-scale infrastructure projects. However, stakeholders should remain vigilant about regional demand fluctuations and supply chain dynamics. Staying informed through reliable sources and market analyses will be helpful for strategic decision-making.​

Factors that Influence Bitumen Prices in India

1. Crude Oil Movement: Bitumen is directly linked to the global oil market.
2. Refinery Supply Schedules: Shutdowns or maintenance can create temporary supply gaps.
3. Government Infrastructure Spending: Public works projects drive demand for road-grade bitumen.
4. Weather and Seasonality Demand dips during monsoon and peaks pre-monsoon and winter.
5. Import Availability and Freight: Imported cargoes fill demand gaps and affect local rates.

Get the Best Bitumen Prices Today on Nexizo

Looking for the latest bitumen prices across India? Nexizo helps you:

• Track daily rates from refinery and importers
• Compare VG30 and VG40 grades based on your application
• Get quotes for your region
• Bulk quantity for government and private projects
• Credit support & logistics assistance
• Dedicated tender tracking & supply fulfilment

There are live tenders on Nexizo too. Like one from AAI in Meghalaya worth ₹119.44 Cr for airport runway expansion, another ₹96.95 Cr tender for Agra airport work, and more local ones like ₹4.75 Cr for paving roads in Vadodara. All these tenders involve tons of bitumen, and keeping up with them helps suppliers and contractors know where work is happening and what they need to prepare.