Petrol, Diesel Prices On December 16
Business
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News1816-12-2025, 07:30

Petrol, Diesel Prices Dec 16, 2025: Check Your City's Latest Rates

  • Petrol and diesel prices are updated daily at 6 AM by Oil Marketing Companies (OMCs).
  • Fuel prices are influenced by global crude oil rates and currency exchange rates.
  • Prices have remained unchanged since May 2022 due to central and state government tax reductions.
  • Key factors affecting fuel prices include crude oil prices, exchange rates, taxes, refining costs, and demand-supply dynamics.
  • Consumers can check daily prices via SMS using specific codes for Indian Oil, BPCL, and HPCL.

Why It Matters: Fuel prices impact daily budgets and the broader economy.

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