Fuel Prices Unchanged Since May 2022: Check Latest Petrol, Diesel Rates for February 5

• Oil Marketing Companies (OMCs) update petrol and diesel prices daily at 6 AM based on 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 Indian Rupee-US Dollar exchange rate, central and state taxes, refining costs, and demand-supply dynamics.
• Consumers can check city-wise petrol and diesel prices for February 5, with rates provided for major cities like New Delhi, Mumbai, Kolkata, and Chennai.
• SMS services are available for Indian Oil, BPCL, and HPCL customers to easily check current fuel prices in their respective cities.