Petrol and diesel prices remained unchanged on February 25, 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 per litre. Diesel price remains unchanged in the national capital at Rs 86.67 a litre.
Some of the state governments are providing relief to customers. 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 such as West Bengal, Rajasthan, Assam, and Meghalaya have recently slashed their petrol and diesel rates.