Petrol and diesel prices remained unchanged on February 04 – a notification issued by state-owned fuel retailers showed. There has been no change for over 90 days.
The last rate cut was by Delhi which reduced the local sales tax or value-added tax (VAT) on petrol from 30 to 19.4 percent from December 1 midnight, bringing down the price by around Rs 8 to Rs 95.41 a litre. Diesel price also remains unchanged in the national capital at Rs 86.67 a litre.
On November 3, the Centre had gone for the deepest excise duty cut ever to bring down retail prices from record highs, reducing the duty on petrol by Rs 5 and on diesel by Rs 10. Many states and union territories followed the Centre's led to give further relief to consumers.
In Mumbai, a November 4 cut reduced the price of petrol to Rs 109.98 a litre, which remains unchanged. Diesel is at Rs 94.14 a litre.