Fuel Prices Today: Find the Latest Petrol and Diesel Rates in Your City - August 5 Updates

Fuel Prices Today on August 5

Fuel Prices Today: The fuel prices are announced daily at 6 am by oil marketing companies such as HP, Indian Oil, BP, and many others.

On August 5, the petrol and Diesel rates today in India remained unchanged in the last 24 hours. The last drop in petrol and diesel prices was recorded in March before the Lok Sabha Election.

The new fuel prices are decided by the oil marketing companies after comparing the crude oil prices, US dollar value and many other factors.

It is important to stay up to date with the current petrol and diesel rates prevailing in your cities.

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Find the Latest Petrol and Diesel Rates in Your City

Let’s check out the fuel rates today prevailing in India:

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Factors Influence the Fuel Prices in India

Crude oil price: Crude oil is the raw materials through which petrol and diesel are produced. So, fluctuation in crude oil prices will significantly affect the petrol and Diesel Prices

Exchange Rates: India is a major importer of fuel as it is a vast populated Country. If the Indian Rupee value decreases against other currencies such as the US dollar then the petrol and Diesel rates will increase in India.

Taxes: In India, various taxes are imposed by the government on petrol and Diesel. Fluctuations in taxes such as value-added tax, state tax, and many others will influence the fuel rates.

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