(NDTV)
Fuel prices remained unchanged for 101 days in a row across metro cities on Monday, February 14, 2022. This is the longest duration when the rates have remained static, ever since the daily revision of prices began in June 2017. Earlier there was an 82-day break in rate revision between March 17, 2020 and June 6, 2020, when the national lockdown was in place. The central government had cut excise duty on November 4, 2021, to give relief from prices that had reached an all-time high levels. The government had slashed the duty on petrol by ₹ 5 per litre and on diesel by ₹ 10 a litre, leading to a substantial reduction in prices of fuel.
Later in December 2021, the Delhi government had reduced the value-added tax on petrol from 30 per cent to 19.40 per cent. With this, petrol prices in the national capital were slashed by ₹ 8.56 per litre. A litre of petrol costs ₹ 95.41 in Delhi, while diesel rates stand at ₹ 86.67 per litre. In Mumbai, petrol is retailed at ₹ 109.98 per litre, while diesel is being sold at ₹ 94.14 per litre. Among the metro cities, fuel rates are still the highest in Mumbai. Fuel prices vary across the states due to value-added tax or VAT.
