Fuel Rates Today On August 12: Check the Latest Peteol and Diesel Price in Your City

Fuel Rates Today On August 12

Fuel Rates Today On August 12: For months, the petrol and Diesel rates in India have remained stable, the last fuel fluctuation was recorded in March 2024 before the Lok Sabha Election.

On August 12, the fuel prices in India remained unchanged in the last 24 hours.

The oil marketing companies announce the new petrol and diesel prices daily every morning at 6 am after adjusting the crude oil prices and US dollar value.

It is crucial to stay up to date with the fuel prices to prevent fraud by charging higher prices.

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Let’s check out the daily fuel prices prevailing in each city 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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