Petrol, Diesel Prices Updated January 3: Check Latest Rates in Your City

• Oil Marketing Companies (OMCs) update petrol and diesel prices daily at 6 AM, reflecting global crude oil and currency exchange rate fluctuations.
• City-wise prices for January 3rd are provided, with New Delhi at ₹94.72/L (Petrol) and ₹87.62/L (Diesel), Mumbai at ₹104.21/L (Petrol) and ₹92.15/L (Diesel).
• Fuel prices in India have remained largely unchanged since May 2022 due to central and state government tax reductions, despite daily market-linked adjustments.
• Key factors influencing fuel prices include global crude oil rates, INR-USD exchange rate, central and state taxes, refining costs, and demand-supply dynamics.
• Customers can check daily prices via SMS: Indian Oil (RSP <city code> to 9224992249), BPCL (RSP to 9223112222), HPCL (HP Price to 9222201122).

Why It Matters: Fuel prices updated daily by OMCs based on global crude, currency, and taxes; check city rates via SMS.