Fuel Rates Today On August 15: Check the Latest Peteol and Diesel Price in Your City

Fuel Rates Today On August 15: The petrol and diesel prices today have again remained the same for months since March 2024 when the government reduced the fuel price before the Lok Sabha election.

The oil marketing companies announce the new prices daily every morning at 6 am.

The oil marketing companies compare the rates of crude oil costs and the value of the US dollar to adjust the new fuel prices.

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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