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Petrol and diesel prices remained unchanged on Monday despite a slight drop in international crude oil prices. Fuel prices have not been hiked by state-run oil marketing companies for the 16th consecutive day.

Although fuel prices have not been hiked, both petrol and diesel rates remain at record at all-time highs across the country. There is a high possibility that fuel rates will remain elevated this month as well.

As of today, petrol is retailing at Rs 101.84 per litre in New Delhi and over Rs 107 per litre in Mumbai. The price in Kolkata and Chennai remains above Rs 102 per litre. There are at least 25-30 cities where petrol price has crossed the three-figure mark.

Explained | How record fuel prices are making life difficult for Indians

Diesel prices have also increased sharply over the past two months. At the moment, a litre of diesel is retailing at Rs 89.87 per litre in the national capital, while it costs over Rs 97 per litre in Mumbai. The price in Kolkata remains above Rs 93 per litre, and it has crossed Rs 94 per litre in Chennai.

The sharp rise in fuel prices has severely hit the household financials of poor families, who are struggling to cope with rising inflation, triggered by rising fuel prices. It may be noted that higher fuel prices have led to a sharp rise in the costs of many essential products.

Despite the burden on citizens, the government has made it clear that it is not in a position to decrease the excise duties levied on petrol and diesel. It is worth noting that India levies the highest taxes on fuel in the world.

Even state governments have said clearly that they will not be able to reduce the value-added tax (VAT) collected on petrol and diesel.

In such a situation, the only relief citizens can get will come through petrol and diesel rate revisions by OMCs. However, such a possibility has also been shrouded as global oil prices remain elevated.

Fuel rates in Indian cities:

CITYPETROL (PER LITRE)DIESEL (PER LITRE)
DELHIRs 101.84Rs 89.87
MUMBAIRs 107.83Rs 97.45
CHENNAIRs 102.49Rs 94.39
KOLKATARs 102.08Rs 93.02
BHOPALRs 110.20Rs 98.67
BENGALURURs 105.25Rs 95.26
PATNARs 104.25Rs 95.57

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India today

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