Petrol, Diesel Prices Announced for Dec 24: Check Your City's Latest Rates

• Oil Marketing Companies (OMCs) update petrol and diesel prices daily at 6 AM, based on global crude oil and exchange rates.
• Fuel prices in India have remained unchanged since May 2022, following tax reductions by central and state governments.
• Key factors influencing fuel prices include crude oil costs, exchange rates, taxes, refining costs, and demand-supply dynamics.
• Consumers can check the latest prices via SMS for Indian Oil, BPCL, and HPCL using specific codes.

Why It Matters: OMCs announce daily fuel prices; rates stable since May 2022, influenced by global factors and taxes.