Petrol, Diesel Prices Updated: Check Latest Rates in Your City on January 24

• Oil Marketing Companies (OMCs) update petrol and diesel prices daily at 6 AM, influenced by global crude oil prices and currency exchange rates.
• Fuel prices in India have remained stable since May 2022 due to tax reductions by central and state governments.
• Key factors influencing fuel prices include global crude oil prices, the INR-USD exchange rate, central and state taxes, refining costs, and demand-supply dynamics.
• Consumers can check daily fuel prices via SMS by sending specific codes to numbers provided by Indian Oil, BPCL, and HPCL.

Why It Matters: Daily fuel prices are updated based on global crude oil and currency rates, with stability since May 2022.