When are petrol and diesel prices updated?
In India, the prices of petrol and diesel are generally updated every day in the morning by the country`s major Oil Marketing Companies (OMCs) - namely Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL).
The daily revision takes place at around 6 AM under the dynamic fuel pricing system. This mechanism ensures that retail fuel prices reflect the most recent changes in international crude oil prices and the USD-INR exchange rate, maintaining transparency and aligning domestic rates with global market conditions.
Disclaimer: Fuel prices are subject to change daily based on global oil fluctuations, exchange rates, and local taxes. Always verify the latest rates from official sources before making purchase decisions.
