Petrol Diesel Price Today: Check Latest Rates in Major Cities, Factors Affecting Fuel Costs

• Oil Marketing Companies (OMCs) update petrol and diesel prices daily at 6 AM, influenced by international crude oil rates and the dollar-rupee exchange.
• Prices have remained relatively stable since May 2022 due to central and state government tax cuts, despite global market fluctuations.
• Key factors determining fuel prices include crude oil costs, rupee-dollar exchange rate, government taxes (central and state), refining costs, and demand-supply dynamics.
• Consumers can check daily fuel prices in their city via SMS by sending specific codes to numbers provided by Indian Oil, BPCL, and HPCL.
• Major cities like New Delhi, Mumbai, Kolkata, Chennai, and others have varying petrol and diesel rates as of January 31, 2026.

Why It Matters: Daily fuel prices are updated by OMCs based on global crude oil and currency rates, with taxes and demand also playing a role.