Petrol Diesel Price Today: Check Latest Rates in Major Cities, Factors Affecting Fuel Costs
Commodity
M
Moneycontrol•31-01-2026, 07:46
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.
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