Petrol, Diesel Prices Unchanged Since May 2022; Check January 1 Rates

• Petrol and diesel prices for January 1, 2026, are announced, with daily updates by OMCs at 6 AM based on global crude oil and exchange rates.
• Fuel prices in India have remained unchanged since May 2022 due to central and state government tax reductions.
• Key factors influencing prices include global crude oil rates, INR-USD exchange rate, central and state taxes, refining costs, and demand-supply dynamics.
• Daily price revisions aim for transparency, though regulatory measures like excise duties and informal price caps also play a role.
• Customers can check current fuel prices via SMS using specific codes for Indian Oil, BPCL, and HPCL.

Why It Matters: Fuel prices for January 1, 2026, are out; unchanged since May 2022 due to tax cuts.