Fuel prices stable as tax collection on petrol, diesel jumps 300% in 6 yrs

Fuel prices in the country remained steady on Tuesday maintaining a three week period of unchanged prices as softening crude and upcoming assembly elections in a few states have kept Oil companies from revising the retail prices.

Accordingly, petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the capital. Fuel prices have not been revised now for over 21 days. Across the country as well, petrol and diesel prices remain unchanged. But the pause has not helped in bringing down petrol prices that have crossed Rs 100 per litre-mark in several parts of the country.

Prices have stabilised amid an outcry over record-high fuel prices, which have been witnessing an upswing since January, leading to demands for a cut in excise duty.