Fuel Prices Unchanged Since May 2022: Check Latest Petrol, Diesel Rates Today

• 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.
• Taxes constitute a major portion of retail fuel prices, with variations across states leading to regional price differences.
• Consumers can check daily petrol and diesel prices via SMS through Indian Oil, BPCL, and HPCL services.

Why It Matters: Petrol and diesel prices remain unchanged since May 2022, with daily revisions based on global crude and taxes.