Are you lost with the Fuel prices? Do they change so much that make it impossible for you to keep up? Here, there will be shown 3 APIs that you can use to avoid all this confusion.
Ever since June 2017, Fuel prices are revised in India daily in what it is known as the Dynamic Fuel Price Method. Before this, prices were revised every fortnight. Since there are so many cities in the Asian country and due to the fact that each city has its own prices it is very difficult for the customers to keep pace to all the different costs around the country. Not only the common user is affected, but also the companies that need to be updated of every change in these prices. So, taking all of this in consideration, if you want to stop being affected by your disknowledge on the prices it is considered to start using APIs.
There are many reasons why fuel prices change so much. In India, there are two main reasons.
- The first one, is the US exchange rate. In view of the fact that the crude oil market across the world is transactioned in US dollars, any fluctuations in the american country exchange rate is bound to have an effect on the fuel prices in Asia.
- Another factor affecting fuel prices is the demand of the product. Generally, when the demand of a particular product increases, the price does too because of the deficit supply. The same thing happens with oil but the developing economies such as India are the most affected. As a general rule, besides the one mentioned previously, the lesser the demand, the lesser shall be petrol prices. But, in a such populated country like India, there is always a high demand.
Start Using APIs
As a conclusion of all that is mentioned before, being informed is very important. Here is when the APIs help you. This aid will assit you by providing you the exact price of the fuel at whatever time you want. If you are interested, check these three options.
Zyla Labs provides an API that provides the latest prices of fuel and diesel in all 4,000 indian cities. Updates occur daily so all the time you will be provided with the newest prices. Fuel prices are checked every day at 6 am. So, by the time you have woken up, you will already be updated with the latest information. This API is ideal for companies that cover several cities and need to be informed at all times. With it, you can also compare prices for different states and let your users know which is the most convenient fuel price for them.
Kaggle’s API‘s data contains the date, fuel price and city name. This API covers the cities of Bengaluru, Chennai, Mumbai, Hyderabad, Delhi, Kolkata and Coimbatore. So, if you are not interested in receiving every indian city’s update since you live or care about one of these seven cities you might want to consider this API. If by any chance, the charges or taxes that are iimposted in these cities change, you will also be notified.
Daily Fuel Prices Update India API Documentation
This site is also a great option. It dispenses all the fuel prices: Petrol, Diesel, Liquid Petroleum Gas (LPG) and Compressed Natural Gas (CNG). It also provides retail prices (prices of the fuel of your choice in the local market), the retail currency, among others. It also contains the aggregated prices ( fuel prices in all states wether todays’ or in the past 30 days). Also it contributes the prices in the last 30 days (Historical Prices) and lastly, the list of cities which the highest and lowest prices in India.