With an import rate of 85%, India ranks third in the world for both oil consumption and imports. On the other hand, it is one of the nations with the highest fuel prices. When compared to costs in other nations that are in the same economic situation as India, such as Kenya, Bangladesh, and Nepal, among others, the cost of a litre of gasoline, diesel, autogas, compressed natural gas, and propane is highly expensive. Despite the increasements in fuel prices, it is still one of the most demanded products in the Asian nation. Demand for diesel, the most consumed fuel in the nation and the source of nearly 40% of total petroleum product usage, increased by 6.7% to 7.7 million tonnes. Sales of gasoline, which had just surpassed pre-Covid levels, increased 6.1% to 2.91 million tonnes. In March, demand for both fuels was higher.
Due to increased demand from the agricultural sector as well as consumer and gas station stockpiling in anticipation of a price increase, diesel consumption increased. Fuel demand reached an all-time high in FY22, while diesel sales reached their highest level since 82.6 million tonnes were consumed in 2019–20. And, finally consumption of LPG was up 3 per cent at 28.33 million tonnes.Although the consumption of all these fuels remain high, having access to them gets more difficult as the time passes. With unexpected raises, user do not know what scenario they are going to encounter once they arrive to the gas stations. It may be one price one day and the next day they find out that the previous price has vanished.
Fortunately, there are different options that you may use in order to be prepared for these changes.
This API offered by SoftPayIndia enables you to look at the taxes levied in each city, which ultimately determine the cost of petrol there. This API is highly useful since you can include it into your daily life by including it in a website or mobile application that you already use. Additionally, it has unique security measures so that users can be confident that their personal information won’t be disclosed or distributed in any way.
Using the Json API, you can get the cost of gasoline and diesel for today and yesterday in the state capitals of India. Additionally, you will get access to seven-day price archives for each state. If money is not an issue, you can pay and obtain the past 30 to 90 days’ worth of pricing information.
Zyla Labs also offers this incredibly useful API for checking fuel costs in India. This API offers the most recent petrol and diesel prices for each Indian city. You can count on always being kept in the loop. Prices are updated at six o’clock each morning. The most recent fuel, diesel, and compressed natural gas prices will be received and provided by the API (CNG). You will be made aware of any pricing changes and given the difference if there have been any. In order to project how much you would spend on fuel in each city you serve as a courier, you would need to be aware of the current price of fuel there.There are no further restrictions on the API other than the monthly cap on calls, which is one of its major benefits.