India’s citizens are finding themselves more compromised each day as the fuel prices do not seem to want to stop rising. And this has a rebound effect, as fuel prices increase so does the prices of basic products such as fruits, vegetables and even milk. There are studies that show how since last March, fuel prics have increased at a rate of 22%. There are several reasons why the Asian country is more impacted than others by these unexpected increases.
- One of the main reasons why prices have increased so much is related to Russia’s invasion of Ukraine, oil marketing businesses started raising prices consecutively to transfer the impact of the increase on to their customers. The increase in fuel prices has trickled down to food and other necessities like packaged milk, wheat, and oil, among others, and has thrown off household budgets.
- The government punishes fuel by adding taxes every now and then in some cities. This is the reason why fuel prices vary from city to city. Although the federal government has come under fire for the high taxes it adds to fuel prices, New Delhi has made it clear that it has no plans to give up this significant source of income.
- You may wondering how is it that fuel prices have a direct impact on people acquire fruits and vegetables. The cost of other commodities and industries is also rising sharply due to the fact that the majority of goods are transported across the nation using gasoline. Fruits, vegetables, and even packaged goods like milk, coffee powder, and quick noodles are now significantly more expensive.
- Indian oil companies struggle to meet demand for petroleum due to a lack of supply and production from refinery hubs. If supply and demand are not balanced, gasoline prices will change.
Luckily, there is a way in which you can be informed about all these prices changes and start being prepared. It is simple as starting to use an API. The Fuel Prices in India API will make your life much easier with its offering. This API will provide you with the latest Fuel prices (including CNG, LPG, AutoGas, Diesel and Petrol) as they are revised on a daily basis at 6 AM.
The latest prices for fuel, diesel, and compressed natural gas are provided by this API after it receives the city ID of your choice. You will also be given the difference if the price has changed in any way.
What are the API most usual uses?
Calculating costs: This API is perfect for courier services who need to know the gasoline prices in every city they serve. They might use this information to calculate how much fuel they would need in each city.
Price comparisons: When building your product, check various rates for various states and advise your users on the best fuel prices for them.
Another advantage that the API has when compared to others, is the fact that there are no restrictions outside the monthly cap on API requests. After you have signed up, a personal API access key, a special string of letters and digits that allows access to Zyla Labs’ API endpoint, is assigned. Put your bearer token in the Authorization header to authenticate with the Fuel Prices in India API REST API.
So, what are you waiting for to be updated and don’t have to worry about the fuel prices anymore? Start using the Fuel Prices in India API and enjoy all the benefits.