Fuel Prices Unchanged Since May 2022: Check Latest Petrol, Diesel Rates for January 12

• Petrol and diesel prices in India remain unchanged since May 2022 due to tax reductions by central and state governments.
• Oil Marketing Companies (OMCs) update fuel prices daily at 6 AM, reflecting global crude oil fluctuations and currency exchange rates.
• Key factors influencing fuel prices include global crude oil prices, the Indian Rupee-US Dollar exchange rate, and central/state taxes.
• Refining costs and demand-supply dynamics also play a role in determining retail fuel prices across different cities.
• Consumers can check daily petrol and diesel prices via SMS by sending specific codes to Indian Oil, BPCL, or HPCL numbers.

Why It Matters: Fuel prices are stable since May 2022, with daily revisions based on global crude and currency rates.