Today's Petrol and Diesel Prices: On Thursday, February 17, 2022, fuel prices in major cities remained unchanged for the 104th time in a row. Since the daily revision of prices began in June 2017, this is the longest period when the rates have remained static.
Previously, there was an 82-day break in rate revision between March 17, 2020 and June 6, 2020, when the country-wide lockdown was in place to contain the Covid-19 spread.

The central government reduced excise duty on November 4, 2021, to provide relief from historically high prices. The government reduced the duty on petrol by 5 cents per litre and on diesel by 10 cents per litre, resulting in significant reductions in fuel prices.

Later that year, in December 2021, the Delhi government reduced the value-added tax on petrol from 30% to 19.40%. Petrol prices in the national capital have been reduced by 8.56 cents per litre as a result of this.

In Delhi, a litre of petrol costs 95.41 rupees, while diesel costs 86.67 rupees. In Mumbai, petrol costs 109.98 rupees per litre, while diesel costs 94.14 rupees per litre. Mumbai continues to have the highest fuel prices among metro cities. Fuel prices differ by state due to value-added tax, or VAT.

Here are the petrol and diesel price across the metro cities:

State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates. Any changes in petrol and diesel prices are implemented with effect from 6 am every day.

India relies on imports for 85 per cent of its oil needs, and domestic petrol and diesel prices are linked to international rates. However, despite a surge in international oil prices, petrol and diesel prices have remained unchanged for more than three months, ahead of elections in key states such as Uttar Pradesh and Punjab.