Petrol and diesel prices remained unchanged for the 71st day in a row on January 15, according to a price notification by state-owned fuel retailers.
This is the second-longest duration of paused prices since the daily rate revision was introduced in June 2017, as per the available data. Prior to that, there was an 82-day gap between March 17 and June 6, 2020.
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 tax or value-added tax (VAT) to give further relief to consumers.