Fuel Prices Today On August 9: Find the Latest Petrol and Diesel Rates in Your City

Fuel Prices Today On August 9: On August 9, the petrol and diesel prices today in India remained stable for months. The last price drop was recorded in March 2024 before the Lok Sabha Election.

Oil marketing companies such as Indian Oil, HPCL, BPCL, and many others announce the fuel rates every day in the morning at 6 am.

It is very important for Indian citizens to stay up to date with the fuel rates prevailing in their city to prevent scams by charging higher prices.

The petrol and diesel rates are highly affected by the crude oil prices and their demand.

However, let’s take a look at the petrol and diesel rates prevailing in each city 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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