On February 3, fuel rates remained constant across the country. The state-run oil companies have not changed petrol and diesel prices in the major cities of India.
The fuel rates became cheaper when the central government slashed the duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre. On November 4, 2021, the central government cut excise duty to give relief from prices that had touched an all-time high.
Petrol has been retailing at Rs 95.41, while diesel rates stood at Rs 86.67 per litre in Delhi. In the financial capital, Mumbai, petrol was trading at Rs 109.98 per litre, while diesel was being sold at Rs 94.14 per litre.
Among the metro cities, fuel rates are still the highest in Mumbai. In Kolkata, fuel rates remained at Rs 104.67 (Petrol) and Rs 89.79 (Diesel) per litre respectively. Meanwhile, Chennai retailed a litre of petrol at Rs 101.40 and diesel at Rs 91.43 per litre.
City-wise petrol and diesel prices:
CITYPETROL (PER LITRE)DIESEL (PER LITRE)
NEW DELHI Rs 95.41Rs 86.67
MUMBAI Rs 109.98Rs 94.14
CHENNAI Rs 101.40Rs 91.43
KOLKATA Rs 104.67Rs 89.79
HYDERABAD Rs 108.20Rs 94.62
BANGALORE Rs 100.58Rs 85.01
In India, petrol and diesel prices depend on various factors like demand for fuel, valuation of INR against USD, consumption ratio of refineries and more. In addition to this, fuel rates differ from state to state due to value-added tax (VAT) and freight charges.