Petrol, Diesel prices today: Fuel rates remain unchanged on February 23| Check the latest city-wise rates here

There has been no change in the prices of petrol and diesel across major Indian cities on February 23, 2022. Check the latest city-wise rates here.

There has been no change in the prices of petrol and diesel across major Indian cities Wednesday. This is the longest period when the prices have remained unchanged, ever since the daily revision of prices began in June 2017.

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 stand 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.

Reportedly, petrol and diesel prices have been kept unchanged in the past before elections but the current 85-day hiatus, which comes before the forthcoming high-stake assembly elections in states like Uttar Pradesh and Punjab, is the longest since a daily fuel price revision was adopted in June 2017.

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.

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