High fuel prices, unluckily, are here to stay. All you need to do is to take a look at the stadistics. According to different studies, there has been a rise of the 144% in the last 8 years. The price of liquefied petroleum gas (LPG) also known as cooking gas, cylinders is the most affected. We examine how India grew to be the second-largest consumer of LPG and the nation with the most expensive cooking gas. The studies show how a cooking gas cylinder (14.2 kg) cost Rs 410 in Delhi on March 1, 2014. Currently, a residential cylinder costs Rs 1,003. That is an increase of more than 144% over the previous eight years. On the other hand, the cost of household LPG cylinders did not change from October 2021 to March 2022. However, the costs have been steadily rising since the assembly elections in five states ended, according to the Mint.
There are a few reasons why the cooking gas is getting costlier. Over 24% of the world’s natural gas supply comes from Russia. According to Business Today, the ongoing conflict in Ukraine has made it difficult to manage logistics and is one of the key causes of the sharp increase in LPG prices in India.
Prices for LPG in India are compared to those for petroleum gas on a global scale. According to the Indian Express, Saudi Aramco, the national oil company of Saudi Arabia, has set the price for LPG in March at $769.1 per metric tonne (MT), up from $726.4 per MT in January and more than 104 percent over the price of $376.3 per MT in November 2020.
With all these changes, people needs to be more careful with the prices and charges, but most importantly, be aware of all these changes and increasements. That is why, you should use the Fuel Prices in India API . Using this API for Indian Fuel Prices has several advantages. First of all, instead of driving straight to the gas station and being surprised by price changes, you can just check the API before you go and be informed. This API offers the most recent gasoline and diesel rates for each Indian city. Every time they change or are altered in any way, you will receive the most recent prices.
This API is the best option for bearer firms that need access to fuel wherever they do business. They might learn anything from this that will help them predict how much fuel each city will use. Developing your solution, comparing pricing across states, and advising your users on the best gasoline prices for them are all beneficial.
If you are unfamiliar with Zyla Labs, you merely need to be aware that it is an all-in-one solution to your growing demands. You don’t need to bother about collecting API keys because just one API key is required for all required commodities, so you can relax. If you’re curious about how this API works, it basically uses the City ID that you give it to return the most recent prices for gasoline, diesel, and compressed natural gas. If the prices change for whatever reason, the difference will also be sent to you.
Summarizing, try to skip all the inconvenience and start using the Fuel Prices in India API right away. Staying up to date with prices may be both challenging and stressful.