Petrol and diesel prices remained unchanged for the longest ever period. Domestic fuel prices have not been revised for 85 days now and remained the same on January 29, according to a price notification by state-owned fuel retailers.
This comes as the Central government cut excise duty on November 4, 2021, to give relief from prices that had touched an all-time high. The government cut the duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre resulting in an equivalent reduction in retail pump rates. Following this, many states and Union Territories cut local sales or value-added tax (VAT) to give further relief to consumers.
Petrol cost Rs 95.41 a litre in Delhi and diesel was priced at Rs 86.67 - the same as it did after accounting for the excise duty cut and a reduction in value-added tax (VAT) rate by the Delhi government.
In Mumbai, the November 4 decline had brought the price of petrol down to Rs 109.98 and diesel to Rs 94.14 per litre. It remained the same on January 29.