Petrol and diesel prices remained unchanged for for 87 days, the longest ever period, 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 a litre.
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 31.