The last nationwide change in fuel rates was in 2022 when Finance Minister Nirmala Seetharaman cut excise duty by ₹8 and ₹6 per liter on petrol and diesel. Fuel prices in India remained largely stagnant on Monday, maintaining the almost year-long stability in prices. New Delhi, Kolkata, Mumbai, and Chennai witnessed no changes in petrol and diesel rates. However, minor revisions were seen in other cities according to factors like Value Added Tax (VAT), freight charges, and local taxes. Petrol and diesel rates went up in Punjab by 93 paisa and 89 paisa per litter, respectively, for retail customers on Sunday after the Aim Aadi Party (AAP) government revised the value added tax (VAT) on fuel. With the increase in VAT, retail prices of petrol and diesel per liter in Ludhiana rose to ₹98.73 and ₹89.02 from ₹97.80 and ₹88.13, respectively, he said. The last nationwide change in fuel rates was on 21 May, 2022 when Finance Minister Nirmala Seetharaman slashed excise duty by ₹8 per liter on petrol and ₹6 per liter on diesel. Currently, petrol is priced at ₹96.72 per liter and diesel at ₹89.62 per liter in Delhi. In the financial capital of Mumbai, petrol costs slightly more at ₹106.31 per liter, with diesel following suit at ₹94.27 per liter. Petrol is available in Kolkata at ₹106.03 per liter and diesel at ₹92.76 per liter. In Chennai, petrol retails at ₹102.63 per liter, while diesel can be bought at ₹94.24 per liter. Oil prices edged lower on Monday ahead of a Federal Reserve meeting as investors try to gauge the central bank’s appetite for further rate hikes, while concerns about China’s fuel demand growth and rising Russian crude supply weighed on the market. Russian oil exports to China and India have grown despite the implementation of the European Union’s embargo and the Group of Seven’s price cap mechanism that started in early December.