Moneycontrol PRO
HomeNewsTrendsCurrent AffairsFuel prices on February 28: Petrol, diesel prices today in Mumbai, Delhi, and other cities

Fuel prices on February 28: 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 28, 2022 / 08:51 IST
The petrol and diesel prices remained unchanged in Kolkata at Rs 104.67 per litre and Rs 89.79 per litre, respectively. (Representative image)

Petrol and diesel prices remained unchanged for more than 100 days on February 28, according to state-owned fuel retailers.

The last rate cut was in 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.

Nagaland had decreased the tax on petrol from 29.80 to 25 percent per litre, resulting in a saving of Rs 2.22.

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 had also slashed their petrol and diesel rates.

Also Read: Crude rallies, rouble plunges to record low as Ukraine risks rise

Petrol & Diesel Rates Today

Sunday, 12th October, 2025

Petrol Rate in Mumbai Today

  • Current Petrol Price Per Litre
    104

Sunday, 12th October, 2025

Diesel Rate in Mumbai Today

  • Current Petrol Price Per Litre
    90
Show

There has been a price reshuffle in cities like Noida, Gurugram, Jaipur, Patna, and Bhubaneswar, News18 reported.

– Gurugram: Petrol Rs 95.81 and diesel Rs 87.02 per litre

– Noida: Petrol Rs 95.51 and diesel Rs 87.01 per litre

– Jaipur: Petrol Rs 106.64 and diesel Rs 90.32 per litre

– Patna: Petrol Rs 105.90 and diesel Rs 91.09 per litre

– Bhubaneswar: Petrol Rs 101.70 and diesel Rs 91.52 per litre

On November 3, the government went 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 lead to provide relief to consumers.

In Mumbai, a cut on November 4 reduced the price of petrol to Rs 109.98 a litre, which remains unchanged. Diesel is at Rs 94.14 a litre.

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

Congress-ruled Punjab has seen the biggest drop in petrol prices after it slashed VAT, while the Union Territory of Ladakh has seen the biggest drop in diesel rates.

Moneycontrol News
first published: Feb 28, 2022 08:51 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347