How Oil Marketing Companies Update Daily Fuel Prices in India

In India, the retail price of petrol and diesel is not set on a monthly or quarterly basis; it is refreshed every single day. Oil marketing companies receive the latest international crude price, factor in exchange‑rate movements of the rupee against the dollar, and apply applicable taxes and levies. The resulting figure is then rounded and announced at 6 a.m. local time for each city.

The process involves: 1. Monitoring global crude benchmarks such as Brent and WTI. 2. Converting the price into Indian rupees using the prevailing USD‑INR rate. 3. Adding the excise duty, state taxes, and any special surcharges. 4. Publishing the final per‑litre price on company websites, mobile apps, and via SMS services.

This daily mechanism ensures that fuel prices stay aligned with market realities while giving consumers a predictable schedule for price changes.