Fuel Rates Today On August 14: Check the Latest Peteol and Diesel Price in Your City

Fuel Rates Today On August 14

Fuel Rates Today On August 14: The petrol and diesel prices today in India have remained unchanged, and the fuel rates have stayed stable for 5 months.

The last price drop in petrol and diesel rates was recorded in March 2024 when the government reduced the fuel rates by Rs 2 and before that, the fuel fluctuation was recorded in May 2022 when the government reduced the taxes imposed on petrol and diesel.

Oil marketing companies such as HPCL, BPCL, Indian Oil, and many others announce the new petrol and diesel prices in India daily at 6 am.

The fuel rates are adjusted after comparing the rates of crude oil prices and US dollar value.

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Let’s take a look at the petrol and diesel rates 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 the 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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