Since June 2017, India’s fuel prices have been updated every day using a process called the Dynamic Fuel Price Method. Prior to this, pricing changes occurred every two weeks. It is exceedingly challenging for the clients to keep up with all of the various expenses around the country because the Asian country has so many cities and because each city has its unique prices. The companies that must be informed of any changes in these pricing are also impacted, not just the average user. Taking everything into account, it is advised to start using APIs if you want to cease being impacted by your ignorance of the rates.
The increase in oil prices is mostly to blame for the rise in gas costs. The current driver of increasing crude prices is Russia’s invasion of Ukraine, but prices were already rising before the conflict. Energy firms already reduced investment in less profitable projects before Covid because of low pricing and institutional shareholders’ demands for greater returns. Ever since the pandemic stopped controlling our lives, production has recovered, and people are once again driving and flying. This resulted in an increase in demand and a tightening reflected in the prices. Taking the Indian city of Delhi as an example, these unexpected increases have become so severe that nowadays people are in the need of driving to another city in order to have access to cheaper fuels.
Fortunately, there are three APIs that you can use in order to stop being surprised about the fuel prices changes. Whichever you choose you can trust that will change the way you approach your trip to you filling stations. Getting to know beforehand how much you are going to pay is not something that everyone has access to.
Date, fuel price, and city name are all included in the data from Kaggle’s API. Bengaluru, Chennai, Mumbai, Hyderabad, Delhi, Kolkata, and Coimbatore are all covered by this API. Therefore, if you live in or are interested in one of these seven cities but are not interested in receiving updates from every Indian city, you might want to think about using this API. You will also be informed if, by accident, the fees or taxes levied in these cities alter.
Zyla Labs offers an API with the most recent fuel and diesel rates for all 4,000 Indian cities. Daily updates ensure that you are always shown the most recent prices. Each day at six in the morning, fuel prices are reviewed. So, by the time you awake, you will already be informed of the most recent developments. For businesses that operate across multiple cities and require constant information, this API is excellent. You can use it to compare fuel rates across states and inform your consumers of the one that is most convenient for them.
Daily Fuel Prices Update India API Documentation
This website is also a fantastic choice. All fuel prices are displayed, including those for gasoline, diesel, liquid petroleum gas (LPG), and compressed natural gas (CNG). Along with other things, it offers retail prices (the cost of the fuel of your choice in the neighborhood market). Additionally, it includes the total pricing (fuel costs throughout all states, whether for today or the last 30 days). Additionally, it provides historical rates for the previous 30 days as well as a list of the cities in India with the highest and lowest prices.