The term fuel refers to any material which can be made to react with other substances as it emits heat energy which can be used for work. With the evolution of technology, the human being is able to make use of the fuel for various purposes ranging from cooking to transportation. The growing needs of the fuel have made man to explore various ways through which the fuel obtained from the natural environment is processed to secure the petrol, diesel, auto liquefied petroleum gas, liquefied petroleum gas, compressed natural gas and so on. Fuel plays a very important role in the development of a country. Most of the developed nations in the world use fuel to a major extent.
The processed form of fuel is useful for performing day to day activities. As a well-known fact, India mainly sources crude from abroad to a major extent and the prices of fuel in the domestic market are mainly dependent on the crude rates in the global platform. Any changes in global crude rates will directly impact fuel prices in India.
The prices of petrol and diesel are revised regularly starting at 6 am at all the fuel stations across India. In the case of LPG, the prices are revised once in a month. So it is essential for the consumers to know the prices of petrol or diesel before heading out for fuel stations to have clarity on prices.