(F.E)
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: Petrol and diesel prices continue to remain unchanged for over 100 days in a row on Tuesday, 15 February 2022 with oil marketing companies (OMC) keeping prices steady. Today, petrol in Delhi retails at Rs 95.41 per litre while diesel in the city is priced at Rs 86.67 per litre. In Mumbai, a litre of petrol and diesel cost Rs 109.98 and Rs 94.14, respectively. Fuel prices have been stable since the central government cut excise duty to bring down retail rates from record highs in November last year. Public sector OMCs including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.
This has been the longest period when the fuel prices remained unchanged, ever since the implementation of daily revision of prices which began in June 2017. The most recent change in the price of petrol and diesel prices came on 1st December 2021 in Delhi after the local government reduced the Value-Added Tax (VAT) on petrol to 19.40 per cent from 30 per cent. Any changes in petrol and diesel prices are implemented with effect from 6 am every day. Retail petrol, diesel prices differ from state to state on account of local taxes like VAT or freight charges.
