India Updates Petrol and Diesel Prices Daily Amid Stable Rates Since May 2022

Oil Marketing Companies in India update petrol and diesel prices daily at 6 AM based on global crude oil price fluctuations and currency exchange rates. Despite daily revisions, fuel prices have remained unchanged since May 2022 following tax cuts by central and state governments. These prices are influenced by market factors and regulatory measures like excise duties and price caps. Consumers can check current rates via SMS through Indian Oil, BPCL, and HPCL services.