Fuel Rates Today On August 11: Check the Latest Peteol and Diesel Price in Your City

Fuel Rates Today On August 11

Fuel Rates Today On August 11: The fuel rate today in India has remained unchanged in different cities. The petrol and diesel prices have stayed stable since March.

On Sunday, August 11, the petrol rate today in India is priced at Rs 101.06 per liter while the diesel rate today is valued at Rs 92.64 per liter. In some cities, the petrol rates might differ from each other.

The oil marketing companies in India announce new fuel prices in India every day at 6 am after checking the current crude oil prices.

Before March 2024, the last drop in fuel prices was recorded in May 2022 when the government reduced the taxes imposed on petrol and diesel in India.

The government controls fuel prices through fuel tax, base pricing, and price caps.

Also Read: Fuel Rates Today On August 10: Check the Latest Peteol and Diesel Price in Your City

Let’s check out the petrol and diesel prices prevailing in different cities in India:

Factors Influence the Fuel Prices in India

Several factors affect petrol and diesel such as freight charges, value-added tax (VAT), and local taxes in India. Some of other factors are:

Crude oil price: Crude oil is the raw material for producing petrol and diesel. 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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