Fuel Prices Updated: Check Latest Petrol, Diesel Rates in Your City on February 4

• 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 largely unchanged 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 daily fuel prices via SMS by sending specific codes to numbers provided by Indian Oil, BPCL, and HPCL.
• City-wise petrol and diesel prices for February 4 are provided, with New Delhi at ₹94.72/L (petrol) and ₹87.62/L (diesel), and Mumbai at ₹104.21/L (petrol) and ₹92.15/L (diesel).

Why It Matters: OMCs update daily fuel prices based on global crude and currency, with taxes and demand also playing a role.