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Fuel prices on February 23: Petrol, diesel prices today in Mumbai, Delhi and other cities

On November 3, the Centre went for the deepest excise duty cut ever to cool prices from record highs, reducing the duty on petrol by Rs 5 and on diesel by Rs 10.

February 23, 2022 / 07:37 IST

Petrol and diesel prices remained unchanged on February 22, a notification issued by state-owned fuel retailers showed, with no change in rates for more than 100 days now.

The last rate cut was by Delhi when it reduced the local sales tax, or the 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 remains unchanged in the national capital at Rs 86.67 a litre.

A few state governments are providing some relief. Nagaland which decreased the tax on petrol and other motor sports from 29.80 percent to 25 percent per litre, saving Rs 2.22 per litre. Diesel tax rates were also reduced from Rs 11.08 to Rs 10.51 per litre. Other states like West Bengal, Rajasthan, Assam, and Meghalaya have lately slashed their petrol and diesel rates.

On November 3, the Centre had gone for the deepest excise duty cut ever to cool 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.

Also Read | Oil nears $100: Petrol, diesel price hike coming after elections

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.

Petrol & Diesel Rates Today

Sunday, 07th December, 2025

Petrol Rate in Mumbai Today

  • Current Petrol Price Per Litre
    103

Sunday, 07th December, 2025

Diesel Rate in Mumbai Today

  • Current Petrol Price Per Litre
    90
Show

In Kolkata, petrol and diesel prices remained at Rs 104.67 and Rs 89.79. Petrol sold at Rs 101.40 and diesel at Rs 91.43 in Chennai.

The states and union territories cut VAT after the Centre reduced excise duty include Ladakh, Jammu and Kashmir, Himachal Pradesh, Delhi, Sikkim, Mizoram, Daman and Diu, Karnataka and Puducherry.

States that have, so far, not lowered VAT are largely opposition ruled states including Maharashtra, Jharkhand and Tamil Nadu. TMC-governed West Bengal, Left-ruled Kerala, TRS-led Telangana and YSR Congress-ruled Andhra Pradesh have also not cut VAT.

Also Read | 9% ethanol blending in petrol achieved; 20% target by 2025: Hardeep Singh Puri

The Congress-ruled Punjab has seen the biggest drop in petrol prices after it slashed VAT the most. The union territory of Ladakh has seen the biggest drop in diesel rates.

Moneycontrol News
first published: Feb 23, 2022 07:37 am

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