Petrol, diesel prices today: Fuel rates kept stable on January 29 | Check rates here
India Today
On January 29, petrol and diesel prices were kept unchanged in the domestic market. Check the rates in your city here.
The petrol and diesel prices remained stable in the domestic market on Saturday, January 29. The state-run oil companies have not revised fuel rates for nearly three months now.
In Delhi, petrol was retailing at Rs 95.41 per litre and the cost of diesel was Rs 86.67 per litre. Similarly, in Mumbai, while petrol rates were Rs 109.98, diesel was trading at Rs 94.14 per litre.
In Bengaluru, petrol was retailing at Rs 100.58, whereas diesel stood at Rs 85.81 per litre. At the same time, the price of a litre of petrol in Chennai was Rs 101.40, while the price of diesel was Rs 91.43 per litre.
In Kolkata, petrol and diesel prices remained at Rs 104.67 and Rs 89.79 per litre 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.
Prior to this, there was an 82-day hiatus in rate revision between March 17, 2020 and June 6, 2020.
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.
