Petrol, diesel prices stable as global crude oil rates weaken
3 years, 4 months ago

Petrol, diesel prices stable as global crude oil rates weaken

India Today  

State-run oil marketing companies kept fuel prices unchanged on Tuesday as global crude oil prices remain weak. Fuel prices have increased sharply in 2021 after a recovery in international crude oil prices forced state-run OMCs to increase domestic rates. At the moment, it seems domestic fuel prices may not reduce anytime soon, and it could directly impact the country’s economic recovery as a threat of a possible third wave looms. Fuel rates in Indian cities: CITY PETROL DIESEL DELHI Rs 101.84 Rs 89.87 MUMBAI Rs 107.83 Rs 97.45 CHENNAI Rs 102.49 Rs 94.39 KOLKATA Rs 102.08 Rs 93.02 BHOPAL Rs 110.20 Rs 98.67 BENGALURU Rs 105.25 Rs 95.26 PATNA Rs 104.25 Rs 95.57

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History of this topic

Fuel price cut at pvt outlets worry state-run retailers
4 days, 15 hours ago

Fuel price cut at pvt outlets worry state-run retailers

Hindustan Times  

A ₹3 per litre “happy hours discount” by private petrol retailers has seen outlets of State-run firms -- Indian Oil Corp., Hindustan Petroleum Corp. and Bharat Petroleum Corp. -- losing up to 50% market share at various locations, said dealers from across India urging their companies to immediately reduce prices. We are losing between 25% to 50% of our daily …

Trump Factor: Decoding the potential impact on crude prices and India’s oil economy
1 month, 1 week ago

Trump Factor: Decoding the potential impact on crude prices and India’s oil economy

Live Mint  

Energy markets are attempting to understand the implications of Donald Trump's presidency on oil and gas prices. Analysts predict that his actions could significantly influence global crude oil prices, with an 80% likelihood of a decline. Trade-related uncertainties and tensions continue to pose challenges for crude oil prices, particularly affecting energy prices in the US. Overall, declining crude prices can …

Fuel Prices Remain Stable in Delhi Amid Global Fluctuations
2 months, 3 weeks ago

Fuel Prices Remain Stable in Delhi Amid Global Fluctuations

ABP News  

Fuel prices in Delhi remain stable for now, offering a brief respite for consumers amid global oil market fluctuations. The price of petrol stands at ₹94.72 per liter, while diesel is priced at ₹87.62 per liter. These rates have been consistent over the past few weeks, providing a welcome relief for many consumers. However, there remains a concern about the …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On September 20
3 months ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On September 20

News 18  

Petrol, Diesel Prices Today On September 20, 2024: Every day at 6 a.m., oil marketing companies announce the price of petrol and diesel, maintaining consistency despite these commodities’ inherent volatility. Petrol Diesel Price Today In India Check city-wise petrol and diesel prices on September 20: City Petrol Price Diesel Price Delhi 94.72 87.62 Mumbai 103.44 89.97 Chennai 100.85 92.44 Kolkata …

Will petrol, diesel prices be slashed amid cheaper crude? Here's what Oil Ministry official has to say
3 months ago

Will petrol, diesel prices be slashed amid cheaper crude? Here's what Oil Ministry official has to say

India TV News  

The petrol, and diesel prices are likely to be slashed amid cheaper crude prices as the international oil prices continue to be extremely volatile. It should be noted that the global oil benchmark Brent crude futures fell below USD 70 per barrel last week -- the first time since December 2021 -- but gained thereafter. While petrol and diesel pricing …

Govt may cut petrol and diesel prices if global prices remain low: Petroleum Secretary
3 months, 1 week ago

Govt may cut petrol and diesel prices if global prices remain low: Petroleum Secretary

Live Mint  

Secretary at the Ministry of Petroleum and Natural Gas, Pankaj Jain, said on Thursday that oil companies will consider cutting fuel prices if crude oil remains low for an extended period. With the rise in fuel demand, India wants increased output from the Organisation of Petroleum Exporting Countries, its allies, and Russia, the Oil Secretary added. Global crude oil prices …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On July 25
4 months, 4 weeks ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On July 25

News 18  

Petrol, Diesel Prices Today On July 25, 2024: Oil marketing companies announce fuel prices, maintaining consistency despite the inherent volatility of these commodities at 6 am every day. Government oil marketing companies release the latest petrol and diesel prices daily at 6 am in the country. Petrol Diesel Price Today In India Check city-wise petrol and diesel prices on July …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On July 17
5 months, 1 week ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On July 17

News 18  

Petrol, Diesel Prices Today On July 17, 2024: Oil marketing companies announce fuel prices, maintaining consistency despite the inherent volatility of these commodities at 6 am every day. Government oil marketing companies release the latest petrol and diesel prices daily at 6 am in the country. Petrol Diesel Price Today In India Check city-wise petrol and diesel prices on July …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On July 3
5 months, 3 weeks ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On July 3

News 18  

Petrol, and Diesel Prices On July 3, 2024: OMCs have announced fresh petrol and diesel prices on Wednesday, July 3. The country’s Petrol and diesel prices depend on crude oil prices internationally. Government oil marketing companies release the latest petrol and diesel prices daily at 6 am in the country. Petrol Diesel Price Today In India Check city-wise petrol and …

OMCs should bargain with oil producers for discount: Petroleum minister Hardeep Singh Puri
7 months ago

OMCs should bargain with oil producers for discount: Petroleum minister Hardeep Singh Puri

New Indian Express  

NEW DELHI: Domestic oil marketing companies should come together and negotiate with oil producing companies for a good discount on long-term contracts, said petroleum minister Hardeep Singh Puri on Wednesday. In India, state-owned companies such as Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation import the majority of crude oil. They previously received a discount of about $8–$10 …

OMCs should consider reducing prices of petrol and diesel, says Vijaya Sai Reddy
7 months ago

OMCs should consider reducing prices of petrol and diesel, says Vijaya Sai Reddy

The Hindu  

YSR Congress Party leader and Rajya Sabha MP V. Vijaya Sai Reddy said oil marketing companies such as IOC, HPCL and BPCL have witnessed their profits surging by around four times in the 2023-24 financial year, but were still reluctant to bring down prices. These factors gave scope for the OMCs to reduce the prices and by doing so, they …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 05
7 months, 2 weeks ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On May 05

News 18  

Petrol, Diesel Prices Today On May 05, 2024: Each day at 6 am, oil marketing companies unveil the prices of petrol and diesel, unfazed by their volatility. Petrol Diesel Price Today In India Check city-wise petrol and diesel prices on May 05; City Petrol Price Diesel Price Delhi 94.72 87.62 Mumbai 104.21 92.15 Chennai 100.75 92.34 Kolkata 103.94 90.76 Noida …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On April 28
7 months, 3 weeks ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On April 28

News 18  

Petrol, Diesel Prices Today On April 28, 2024: Every morning at 6 am, oil marketing companies reveal the prices of petrol and diesel, regardless of their stability. Petrol Diesel Price Today In India Mumbai Petrol & Diesel Price Delhi Diesel Price Today As of April 28, the cost of diesel is priced at Rs 87.62 per litre. Check city-wise petrol …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On April 27
7 months, 3 weeks ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On April 27

News 18  

Petrol, Diesel Prices Today On April 27, 2024: Every morning at 6 am, the rates for petrol and diesel are disclosed, regardless of whether they undergo fluctuations or remain stable. Petrol Diesel Price Today In India Mumbai Petrol & Diesel Price As of April 27, the price of petrol in Mumbai continued to exceed the Rs 100 mark, reaching Rs …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 30
8 months, 3 weeks ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 30

News 18  

Petrol, Diesel Prices Today On March 30, 2024: Every morning at 6 am, oil marketing companies reveal the prices of petrol and diesel, regardless of their stability. Petrol Diesel Price Today In India Mumbai Petrol & Diesel Price Delhi Diesel Price Today As of March 30, the cost of diesel is priced at Rs 87.62 per litre. Check city-wise petrol …

Petrol, Diesel Fresh Prices Announced On March 26: Know Fuel Rates In Your City
8 months, 4 weeks ago

Petrol, Diesel Fresh Prices Announced On March 26: Know Fuel Rates In Your City

News 18  

Petrol and Diesel Prices Today On March 26, 2024: Government oil companies have released the latest petrol and diesel rates for today i.e. Petrol-diesel prices in metros After this cut, the price of petrol in the national capital is now Rs 94.72 per liter, which was earlier Rs 96.72 per liter. Here the price of petrol has come down by …

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 25
8 months, 4 weeks ago

Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On March 25

News 18  

Petrol, Diesel Prices Today On March 25, 2024: Every morning at 6 am, oil marketing companies reveal the prices of petrol and diesel, regardless of their stability. Petrol Diesel Price Today In India Mumbai Petrol & Diesel Price Mumbai Petrol Price Today As of March 25, the price of petrol in Mumbai continued to exceed the Rs 100 mark, reaching …

Petrol pumps cap inventory amid hopes of fuel price cut
9 months, 1 week ago

Petrol pumps cap inventory amid hopes of fuel price cut

Live Mint  

New Delhi: Retail fuel pumps across the country are operating with about three days of stock against the usual inventory of five days over the past month amid speculations of a cut in petrol and diesel prices ahead of general elections. Oil marketing companies need to determine retail fuel prices on a daily basis under the dynamic pricing mechanism based …

No diesel, petrol price cut until crude stabilises: Puri
9 months, 2 weeks ago

No diesel, petrol price cut until crude stabilises: Puri

New Indian Express  

NEW DELHI: A day after reducing liquefied petroleum gas cylinder prices by Rs 100 nationwide, petroleum minister Hardeep Singh Puri clarified there are no plans to cut petrol and diesel prices in the domestic market until crude prices stabilise in the international market. The minister cited volatile nature of the international oil market and ongoing under-recoveries by the oil marketing …

Bulls tighten grip over OMCs after ₹15,000 crore capex infusion; IOC, BPCL, HPCL hit 6-9% upper circuit
10 months, 3 weeks ago

Bulls tighten grip over OMCs after ₹15,000 crore capex infusion; IOC, BPCL, HPCL hit 6-9% upper circuit

Live Mint  

Bulls tightened their grip over Indian oil marketing companies on Friday, February 2, after finance minister Nirmala Sitharaman deferred the ₹15,000 crore infusion in state-owned fuel retailers to the next financial year, while presenting the Interim Budget 2024 on Thursday. OMC Stocks Today Shares of Indian Oil Corporation were locked at over nine per cent upper circuit to hit its …

Petrol, diesel fresh prices: Check rates of different cities on January 31
10 months, 3 weeks ago

Petrol, diesel fresh prices: Check rates of different cities on January 31

India TV News  

Every day, at 6 am, the curtain lifts on the prices of petrol and diesel, unfazed by the ebb and flow of market dynamics. This daily practice is a product of the strategic manoeuvres of oil marketing companies, adept at recalibrating prices based on the mercurial shifts in global crude oil prices and foreign exchange rates. With a finger on …

No Plans to Cut Petrol, Diesel Prices Ahead of Lok Sabha Polls: Hardeep Singh Puri
11 months, 3 weeks ago

No Plans to Cut Petrol, Diesel Prices Ahead of Lok Sabha Polls: Hardeep Singh Puri

Deccan Chronicle  

New Delhi: Ahead of Lok Sabha polls this year, the probability of a cut in prices of petrol and diesel has been ruled out by the government as Union petroleum minister Hardeep Singh Puri on Wednesday clarified that there’s no proposal to cut fuel prices, while the media reports are ‘speculative’. The statement by the oil minister comes amid several …

Is petrol, diesel price cut happening? Oil minister Hardeep Singh Puri responds
11 months, 3 weeks ago

Is petrol, diesel price cut happening? Oil minister Hardeep Singh Puri responds

India TV News  

Petrol, diesel price cut: Amid reports that petrol, diesel prices may be reduced in the coming days, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has said that global oil market is in a "highly turbulent" situation and it has to stabilise before any cut. The Union Minister informed, "There has been no discussion with the oil marketing …

Petrol and diesel prices on November 20: What are the rates in your city today?
1 year, 1 month ago

Petrol and diesel prices on November 20: What are the rates in your city today?

Hindustan Times  

The petrol and diesel prices across Delhi, Mumbai and other metropolitan cities remained unchanged on Monday, November 20, as major oil marketing companies like Bharat Petroleum, Hindustan Petroleum and Indian Oil decided to keep the rates stable. The petrol and diesel prices in Delhi were recorded at ₹96.72 and ₹89.62 respectively on November 20, while in Mumbai, the fuel rates …

Petrol, Diesel Prices Hike Unlikely India General Elections To Take Place Next Year: Moody's
1 year, 2 months ago

Petrol, Diesel Prices Hike Unlikely India General Elections To Take Place Next Year: Moody's

ABP News  

Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. "High crude oil prices will weaken the profitability of the three state-owned oil marketing companies in India -- IOC, BPCL and HPCL," Moody's said in a report. "Still, the three companies' fiscal 2024 earnings will …

No petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody's
1 year, 2 months ago

No petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody's

The Hindu  

Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. "High crude oil prices will weaken the profitability of the three state-owned oil marketing companies in India — IOC, BPCL and HPCL," Moody's said in a report. "Still, the three companies' fiscal 2024 earnings will …

Oil prices have risen. That’s making gas more expensive for US drivers and helping Russia’s war
1 year, 2 months ago

Oil prices have risen. That’s making gas more expensive for US drivers and helping Russia’s war

Associated Press  

FRANKFURT, Germany — Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. Oil prices can be volatile, and while they might briefly top $100 in the coming months, they’re unlikely to stay there, said Jorge Leon, senior vice president for oil markets at Rystad Energy. Leon said the Saudis will review …

OMCs see dwindling margins on high-speed diesel sales: Icra
1 year, 3 months ago

OMCs see dwindling margins on high-speed diesel sales: Icra

Live Mint  

New Delhi: Fuel retailers have seen their margins on high-speed diesel sales decline during the first half of August, according to a report by Icra. Indian oil marketing companies have been hit by rising international gasoline and gasoil prices, causing a squeeze on their marketing margins. The outlook is clouded by challenges such as weak global economic growth, inflationary pressures, …

Crude import costs down 35%, creates room to cut fuel prices
1 year, 4 months ago

Crude import costs down 35%, creates room to cut fuel prices

Live Mint  

NEW DELHI : India’s oil import bill declined 35.3% during the first four months of FY24 due to easing crude oil prices over the past year. This fall in the import bill will likely see oil marketing companies, which operate most of the refineries in the country, increase their refining and marketing margins—and profits too —as retail fuel prices have …

Petrol and diesel prices on July 22: Check latest rates in your city today
1 year, 5 months ago

Petrol and diesel prices on July 22: Check latest rates in your city today

Hindustan Times  

Petrol and diesel prices remained unchanged for major Indian cities on Saturday. According to fuel prices revised by oil marketing companies at 6 am, petrol in Delhi was being sold at ₹96.72 per litre while the price of diesel stood at ₹89.62 per litre. Petrol and diesel prices are revised daily by the oil marketing companies at 6 am CITY …

Good news! Petrol, diesel prices to come down soon | Here is WHY
1 year, 6 months ago

Good news! Petrol, diesel prices to come down soon | Here is WHY

India TV News  

Petrol and diesel price cut: Consumers can get good news very soon regarding the petrol and diesel price cut. Depend on price of crude oil Oil companies' valuations appear reasonable but a sharp jump in crude prices during elections could pose risk to OMCs marketing earnings, the report said. However, OMCs marketing segment earnings could come under risk if Brent …

Oil Marketing Companies Likely To Slash Petrol, Diesel Prices: Report
1 year, 6 months ago

Oil Marketing Companies Likely To Slash Petrol, Diesel Prices: Report

ABP News  

Oil marketing companies are likely to reduce prices of petrol and diesel, citing government sources news agency ANI reported on Thursday. So, expecting OMC's to cut down the diesel petrol prices as they have no under-recoveries on diesel and petrol.” According to the sources, oil production cut by one of the members of the Organization of the Petroleum Exporting Countries …

How petrol and diesel prices have changed over the past decade
1 year, 7 months ago

How petrol and diesel prices have changed over the past decade

Daily Mail  

Petrol and diesel prices have fallen almost 50p a litre since they peaked last summer, but are still far higher than they were in 2021, new figures have shown. In its weekly report on road fuel prices, the Department of Energy Security and Net Zero reported that the average price of unleaded at the pump is now 145.71p per litre. …

Petrol, diesel prices on April 26: What are the latest rates in your city?
1 year, 7 months ago

Petrol, diesel prices on April 26: What are the latest rates in your city?

Hindustan Times  

Fuel prices on the third consecutive day of the week has been kept unchanged with petrol and diesel prices in major cities across the country have been largely unchanged since May 21 last year, after the earlier pan-India revision. Fuel prices on the third consecutive day of the week has been kept unchanged On Wednesday, the cost of one litre …

Petrol and diesel prices on April 10. Check prices in your city
1 year, 8 months ago

Petrol and diesel prices on April 10. Check prices in your city

Hindustan Times  

The cost of petrol and diesel in India remained stagnant on Monday, continuing a ten-month trend of price stability. Prices were last revised in May 2022 after the Finance minister Nirmala Sitharaman announced to slash the excise duty on petrol and diesel by ₹8 per litre and ₹6 per litre, respectively. The government controls the fuel prices through excise duty, …

Why OPEC's crude oil production cut is bad news for India
1 year, 8 months ago

Why OPEC's crude oil production cut is bad news for India

India Today  

The surprise cut in crude oil production by the Organization of Petroleum Exporting Countries on April 2 has shocked commodity markets worldwide, with Brent crude prices climbing $5 a barrel. OPEC’s decision to cut 1.16 million barrels of oil per day to shore up prices has put the world economy, which is already looming under the threat of a recession, …

Congress asks the government why it can’t pass on the benefit of lower crude prices to consumer
1 year, 9 months ago

Congress asks the government why it can’t pass on the benefit of lower crude prices to consumer

The Hindu  

Attacking the government over prices of petrol and diesel, the Congress on Wednesday asked why the Narendra Modi government has not passed on the benefit of reduction in international crude oil prices to consumers. Addressing a press conference, Congress spokesperson Gourav Vallabh also asked besides the public sector refineries, which private refineries benefited from cheaper Russian crude oil and at …

Explained: Why cheap crude oil won't reduce your petrol, diesel expenses
1 year, 9 months ago

Explained: Why cheap crude oil won't reduce your petrol, diesel expenses

India Today  

Petrol and diesel prices, which have remained unchanged for over a year, have not dropped even after a sharp fall in global crude oil prices over the past few days. It may be noted that petrol and diesel prices have not been revised by OMCs in over a year, despite constantly high global crude oil prices. These three OMCs, which …

Why Petrol, Diesel Prices Won't Fall in India Despite Cheaper Crude Oil?
1 year, 9 months ago

Why Petrol, Diesel Prices Won't Fall in India Despite Cheaper Crude Oil?

News 18  

Even as crude oil prices have fallen significantly following the bank collapses in the US, including Silicon Valley Bank and Signature Bank, the prices of petrol and diesel are unlikely to come down in India. According to a CNBC-TV18 report quoting sources, prices of petrol and diesel in India are unlikely to be reduced anytime soon as oil marketing companies …

Petrol prices high in six non-BJP ruled States due to high VAT: Puri
2 years ago

Petrol prices high in six non-BJP ruled States due to high VAT: Puri

The Hindu  

Petroleum Minister Hardeep Singh Puri said on Thursday that petrol prices remained high in six non-BJP ruled States of West Bengal, Tamil Nadu, Andhra Pradesh, Telangana, Kerala and Jharkhand as the State governments had not reduced value-added tax. High crude prices Asserting that currently petrol prices in India were one of the lowest, Mr. Puri said oil marketing companies together …

BJP\'s loot continues even when global crude oil price fall: Cong on high fuel rates
2 years ago

BJP\'s loot continues even when global crude oil price fall: Cong on high fuel rates

Deccan Chronicle  

NEW DELHI: Congress president Mallikarjun Kharge and Rahul Gandhi on Thursday hit out at the government over high prices of petrol and diesel in the country and said the BJP's "loot" continues even when global crude oil prices were down in the last few months. Former Congress president Rahul Gandhi on Thursday said while global crude oil rates have come …

Petrol, diesel prices today, 15 November 2022: Check rates in Delhi, Mumbai, and other Indian cities
2 years, 1 month ago

Petrol, diesel prices today, 15 November 2022: Check rates in Delhi, Mumbai, and other Indian cities

Firstpost  

In the international market, crude oil prices fell in early Asian trade today, 15 November after OPEC slashed its 2022 global demand forecast. Brent crude futures dropped by 39 cents to stand at $92.75 per barrel, while U.S. West Texas Intermediate crude fell by 56 cents to $85.31 per barrel. The rates of petrol and diesel in Delhi currently stand …

How are fuel prices decided in India? MintGenie explains
2 years, 1 month ago

How are fuel prices decided in India? MintGenie explains

Live Mint  

Sometimes one might wonder that despite low crude oil costs, why do fuel prices increase? In addition, the charge of processing the crude oil to make a particular fuel called ‘Refinery Transfer Price’ is levied by the corporation. After the fuel is refined and the final product is ready to be sold in the market, these oil marketing companies sell …

Oil cos still losing money on diesel: Minister Puri on talks of price cut
2 years, 1 month ago

Oil cos still losing money on diesel: Minister Puri on talks of price cut

Deccan Chronicle  

NEW DELHI: PSU oil companies are losing a net Rs 4 per litre on diesel while their margins have turned positive on petrol, Oil Minister Hardeep Singh Puri said on Wednesday on talks of a price reduction in the offing as international rates have softened. Puri said his ministry will seek assistance for the three fuel retailers - Indian Oil …

High gas prices: How India's gas economy works
2 years, 2 months ago

High gas prices: How India's gas economy works

Live Mint  

Earlier this month, the government raised domestic gas prices to a historic high, on the back of a seven-fold increase in international prices of liquefied natural gas over the past two years. Global gas prices are now critically dependent on how quickly European demand for natural gas for its heating and other requirements are satisfied. Invesco to sell 5.5% Zee …

OPEC output cut: Petrol, diesel price freeze in India just gets longer
2 years, 2 months ago

OPEC output cut: Petrol, diesel price freeze in India just gets longer

The Hindu  

The record six-month-long freeze in petrol and diesel price revision in all likelihood will be extended after international oil prices rose on the announcement of deep production cuts by OPEC+. For India, this is bad news as a fall in oil prices in recent weeks had helped it cut down on its import bill as well as limit losses that …

Oil prices fall on rate hike fears, demand concerns
2 years, 3 months ago

Oil prices fall on rate hike fears, demand concerns

Live Mint  

NEW DELHI: Global crude oil prices fell in early deals on Monday in anticipation of interest rate hikes by the US Federal Reserve and European Central Bank to tame rising inflation. Ravindra Rao, head of commodity research at Kotak Securities, said, “NYMEX crude trades over 1% lower weighed down by demand concerns amid China’s virus spread. Crude may remain volatile …

Retail prices of petrol, diesel may not be cut due to volatile oil market
2 years, 3 months ago

Retail prices of petrol, diesel may not be cut due to volatile oil market

Hindustan Times  

International crude prices may be near a seven-month low but with oil markets still volatile, and state-owned oil refiners having to offset of losses amounting to almost ₹18,500 crore, there’s unlikely to be any change in retail prices of fuel, three people aware of the development said. But the government will review prices of crude oil and petroleum products such …

Global crude prices fall on demand concerns as China imposes fresh lockdown
2 years, 3 months ago

Global crude prices fall on demand concerns as China imposes fresh lockdown

Live Mint  

New Delhi: International crude oil prices declined on Wednesday on fears of demand slump as China imposed fresh lockdown to curb spread of Covd-19. The cut may not impact supply as the oil producer group is already producing well below production target level while the cut also signals weaker outlook for demand,“ Ravindra Rao, head of commodity research at Kotak …

Data | Why petrol prices in India have remained unchanged despite falling crude oil costs
2 years, 3 months ago

Data | Why petrol prices in India have remained unchanged despite falling crude oil costs

The Hindu  

In the past 100 days, retail petrol prices have remained unchanged at the pump, whereas the crude prices have reduced by around $20/barrel. Between November 2021 and March 2022, despite international crude prices skyrocketing, the retail prices remained unchanged owing to the Assembly Elections in five States. Crude mismatch Between November 2021 and March 2022, retail petrol prices did not …

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