Fuel Prices January 31: Check Latest Petrol, Diesel Rates Across Major Indian Cities

• Petrol and diesel prices are updated daily at 6 AM by OMCs, reflecting global crude oil fluctuations and currency exchange rates.
• Prices have remained stable since May 2022 due to central and state government tax reductions.
• Key factors influencing fuel prices include global crude oil costs, the INR-USD exchange rate, central and state taxes, refining costs, and demand-supply dynamics.
• Consumers can check daily fuel prices via SMS: Indian Oil (RSP <city code> to 9224992249), BPCL (RSP to 9223112222), HPCL (HP Price to 9222201122).
• City-wise prices for January 31: New Delhi (Petrol ₹94.72, Diesel ₹87.62), Mumbai (Petrol ₹104.21, Diesel ₹92.15), Chennai (Petrol ₹100.75, Diesel ₹92.34), Kolkata (Petrol ₹103.94, Diesel ₹90.76).

Why It Matters: Fuel prices are updated daily based on global crude oil and exchange rates, with stability since May 2022.