There has been no change in the prices of petrol and diesel across major Indian cities on Sunday, February 27, 2022. This is the longest period when the prices have remained unchanged, ever since the daily revision of prices began in June 2017.
Even as crude oil prices skyrocketed amidst the Ukraine-Russia conflict, the prices of petrol and diesel have maintained stability on Sunday, February 27, in the Indian market.
In Delhi, petrol is retailing at Rs 95.41 per litre and diesel costs Rs 86.67 per litre. In India’s financial capital, Mumbai, the prices of petrol and diesel stood at Rs 109.98 per litre and Rs 94.14 per litre, respectively.
In Kolkata, petrol costs Rs 104.67 per litre and people have to shell out Rs 89.97 for one litre of diesel. The November 4 decline took the prices of petrol and diesel down to Rs 101.40 per litre and Rs 91.43 per litre in Chennai, respectively.
Petrol, diesel prices in major Indian cities
| CITY | PETROL (PER LITRE) | DIESEL (PER LITRE) |
| NEW DELHI | Rs 95.41 | Rs 86.67 |
| MUMBAI | Rs 109.98 | Rs 94.14 |
| CHENNAI | Rs 101.40 | Rs 91.43 |
| KOLKATA | Rs 104.67 | Rs 89.79 |
| HYDERABAD | Rs 108.20 | Rs 94.62 |
| BANGALORE | Rs 100.58 | Rs 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.
The prices of petrol and diesel vary from state to state and also in cities, depending on the incidence of local taxes like value-added tax (VAT) and freight charges. As per the reports, Rajasthan levies the highest VAT in the country, followed by Maharashtra and Madhya Pradesh.
