Is the fuel pricing policy problematic?
2 years, 8 months ago

Is the fuel pricing policy problematic?

The Hindu  

After a long pause, retail fuel prices have been inching up over the past week and have crossed the ₹100-litre mark again in several parts of the country, while LPG cylinder prices have been hiked by ₹50. Editorial | Freeze out: On fuel price hike after a 137-day pause From 2004, oil prices started moving up, and the United Progressive Alliance government restored the cost-plus pricing system to protect consumers. The government did not pass on the entire price burden to consumers, and subsidised prices for transport fuels, LPG and kerosene through a mechanism to provide for oil marketing companies’ under-recoveries. Oil prices came down to about $50 per barrel in 2015, which was a happy situation for the National Democratic Alliance government, which again started implementing the market price mechanism. The corporate income tax reforms, the expected reform on personal income tax and the GST reforms all proved to have a revenue-adverse impact, so, the capacity of the Central government to absorb increases in global crude prices became limited even before we hit the COVID-19 threshold.

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History of this topic

Fuel Prices In Delhi, October 16: Remain Stable With Petrol At Rs 94.72 & Diesel Priced At Rs 87.62
2 months, 1 week ago

Fuel Prices In Delhi, October 16: Remain Stable With Petrol At Rs 94.72 & Diesel Priced At Rs 87.62

ABP News  

As of today, the fuel prices in Delhi remain relatively stable, with minor fluctuations due to global crude oil prices and other factors like supply chain dynamics. Fuel prices in India are revised daily based on the 15-day average of global oil prices, which is a dynamic pricing model. Despite the global fluctuations in oil supply and demand, especially due …

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 …

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 …

Congress hiked fuel prices as revenge for poll debacle: Karnataka LoP Ashoka
6 months, 1 week ago

Congress hiked fuel prices as revenge for poll debacle: Karnataka LoP Ashoka

New Indian Express  

BENGALURU: Hitting out at the state government for increasing petrol and diesel prices in Karnataka, Leader of Opposition in the Assembly R Ashoka claimed that the Congress-led dispensation is taking revenge on the people for defeating the party in the recent Lok Sabha polls. “During the previous BJP government, when fuel became costlier by just Re 1, the present CM …

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 …

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 …

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 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 …

I run Britain's cheapest petrol station and I'm charging far less than the UK average
1 year, 7 months ago

I run Britain's cheapest petrol station and I'm charging far less than the UK average

Daily Mail  

A garage owner is claiming the crown of 'King of the Pumps' because he believes he is selling the cheapest fuel available anywhere in Britain. Vijay Jaganathan is advertising both petrol and diesel at 129.9p per litre at his rural forecourt - compared to the UK average of 145p for petrol and 154p for diesel. Vijay Jaganathan is currently advertising …

India’s revised gas pricing formula to aid demand, upstream profit stability: Fitch
1 year, 8 months ago

India’s revised gas pricing formula to aid demand, upstream profit stability: Fitch

Live Mint  

New Delhi: India’s decision to limit prices of domestic natural gas from legacy fields to between $4 per million British Thermal Unit and $6.5 will support margins for city gas distributors, encourage the use of gas, and reduce cash flow volatility for upstream producers, Fitch Ratings said on Wednesday. “We expect a partial pass-through of the lower administered price mechanism …

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, …

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 …

Petrol Prices Above Rs 100 In Mumbai, Kolkata, Chennai; Check Today's Fuel Rates Here
2 years ago

Petrol Prices Above Rs 100 In Mumbai, Kolkata, Chennai; Check Today's Fuel Rates Here

News 18  

Fuel prices in the major cities of India remained unchanged for yet another day despite the ongoing fall in crude oil prices in the international market. In New Delhi, a litre of petrol costs Rs 96.72, whereas diesel is being sold at Rs 89.62 per litre. 96.72 per litre Diesel: Rs. 87.89 per litre Lucknow Petrol: Rs.Rs 96.57 per litre …

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 …

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 …

Petrol, Diesel Latest Prices Announced: Check Petrol Price Today In Delhi, Mumbai, Other Cities
2 years, 3 months ago

Petrol, Diesel Latest Prices Announced: Check Petrol Price Today In Delhi, Mumbai, Other Cities

News 18  

Petrol and diesel prices have remained steady as of Saturday, September 10, following the three-month-old trend. 102.63 per litre, while diesel prices here remained at Rs. Listed below are the petrol prices for various major cities in the country: Delhi Petrol: Rs 96.72 per litre Diesel: Rs 89.62 per litre Mumbai Petrol: Rs 106.31 per litre Diesel: Rs 94.27 per …

Indonesia hikes fuel prices by 30%, cuts energy subsidies
2 years, 3 months ago

Indonesia hikes fuel prices by 30%, cuts energy subsidies

Associated Press  

JAKARTA, Indonesia — Fuel prices increased by about 30% across Indonesia on Saturday after the government reduced some of the costly subsidies that have kept inflation in Southeast Asia’s largest economy among the world’s lowest. President Joko Widodo said the decision to increase the fuel prices was his last option as the country’s energy subsidy had tripled this year to …

Indian Crude Oil Basket Hits 10-Year High of $121 Per Barrel; Petrol, Diesel Prices Unchanged
2 years, 6 months ago

Indian Crude Oil Basket Hits 10-Year High of $121 Per Barrel; Petrol, Diesel Prices Unchanged

News 18  

New Delhi: The basket of crude oil that India buys has hit a decade high of USD 121 per barrel, but retail selling prices of petrol and diesel continue to remain frozen. As per the PPAC, the Indian basket of crude oil averaged USD 111.86 per barrel between February 25 and March 29 – the immediate period after Russia’s invasion …

Data Point | Explaining India’s recent fuel tax cuts
2 years, 6 months ago

Data Point | Explaining India’s recent fuel tax cuts

The Hindu  

It’s a relief that the Union government has cut the fuel tax. A look at the developments that preceded the recent excise duty cuts: After weeks of incremental increases in fuel prices, Union Finance Minister Nirmala Sitharaman announced that the Union government is slashing fuel taxes. Her point was that the cut of Rs 8 per litre came from the …

Sri Lanka's fuel prices break records: Officials push for work from home as petrol reaches Rs 420 and diesel at Rs 400
2 years, 7 months ago

Sri Lanka's fuel prices break records: Officials push for work from home as petrol reaches Rs 420 and diesel at Rs 400

Firstpost  

The hike in prices come as the public continues to suffer in long queues at fuel stations hit by shortages Colombo: Crisis-hit Sri Lanka on Tuesday raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country’s worst economic crisis due to the shortage of foreign exchange reserves. …

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels
2 years, 7 months ago

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels

Deccan Chronicle  

Vijayawada: Upping their ante against the Centre for causing a huge loss to them –“nearly Rs 2,000 crore” nation-wide due to the sudden reduction in prices of petrol and diesel, petroleum dealers have sought restoration of the ‘dynamic pricing’ mechanism. The dealers allege that the Centre stopped implementing the dynamic pricing system for fuels for over two months and is …

India trims taxes on fuel, commodities to fight inflation
2 years, 7 months ago

India trims taxes on fuel, commodities to fight inflation

Al Jazeera  

The steps will lead to a drop in annual revenues due to lower collections, raising concerns on India’s fiscal deficit. Finance Minister Nirmala Sitharaman announced on Saturday a cut in excise duty on petrol by 8 rupees per litre and 6 rupees per litre on diesel. The new tax regime on petrol and diesel could result in the government losing …

Global oil firms report huge profits but Indian marketers are left high and dry
2 years, 7 months ago

Global oil firms report huge profits but Indian marketers are left high and dry

Live Mint  

Indian oil refiners are staring at huge losses as they have failed to pass on the higher costs of crude to fuel consumers, even as global energy producers report outsized profits in the March quarter. A Mint compilation of earnings data reported by global oil giants shows some have recorded their best profit figures in years, even decades, as crude …

Inflation impact: The falling mileage of paying for soaring fuel costs
2 years, 7 months ago

Inflation impact: The falling mileage of paying for soaring fuel costs

The Hindu  

“When will the rising petrol prices stop.” This was the question asked by a 26-year-old, who works as a delivery boy with an online app in Madurai. While the common man, in many places, is being forced to depend on public transport or take share-autorickshaw rides, many autorickshaws plying in Coimbatore district have halved the number of trips in the …

The big picture on fuel taxation
2 years, 7 months ago

The big picture on fuel taxation

Hindustan Times  

Prime minister Narendra Modi’s remarks on April 27, where he named some non-Bharatiya Janata Party ruled states and asked them to bring down taxes on petrol-diesel have expectedly created a political controversy. Data from the ministry of petroleum shows that most BJP ruled states seem to have a lower tax on petrol and diesel than the states Mr Modi named …

Petrol, Diesel Prices Announced Today: Check Fuel Prices In Delhi, Mumbai, Other Cities
2 years, 7 months ago

Petrol, Diesel Prices Announced Today: Check Fuel Prices In Delhi, Mumbai, Other Cities

News 18  

Petrol and diesel prices remain at their soaring streak for the 22nd consecutive day on Thursday. On Thursday, petrol in Delhi is being retailed at Rs 105.41 per litre, while diesel is being sold for Rs 96.67 per litre. A litre of petrol retails at Rs 115.12 in Kolkata, while one litre of diesel in the capital city of West …

Petrol, diesel prices today: Fuel rates unchanged on 28 April; remain same for 22 days
2 years, 7 months ago

Petrol, diesel prices today: Fuel rates unchanged on 28 April; remain same for 22 days

Firstpost  

Petrol and diesel prices on 28 April 2022: Petrol price in Delhi stands at Rs 105.41 per litre while diesel is available for Rs 96.67. Earlier both petrol and diesel rates were hiked by 80 paise a litre each, taking the total increase in rates in two weeks to Rs 10 per litre. Petrol in Delhi now costs Rs 105.41 …

Government must cut duty on fuel if global oil prices stay above $100 a barrel: CII’s Narendran
2 years, 7 months ago

Government must cut duty on fuel if global oil prices stay above $100 a barrel: CII’s Narendran

The Hindu  

The government should consider offering some relief to Indian consumers by paring excise duties on petroleum products, if global crude oil prices remain above $100 a barrel, the Confederation of Indian Industry president T.V. “If the oil prices stay about $100, then if there is something that can be done on excise duties, etc. The CII is also mooting a …

In India rising fuel prices start to bite
2 years, 8 months ago

In India rising fuel prices start to bite

Al Jazeera  

Mumbai, India–In the past month, Mumbai-based autorickshaw driver Siddheshwar Yadav’s average monthly income has dipped 40 percent, hit by a combination of surging fuel bills and autorickshaw rents, as hikes in petroleum and diesel prices take inflation in India to a crippling, 15-month high. The situation is difficult.” Fuel prices have risen 26 percent since March 22 as oil marketing …

Petrol, Diesel Prices Unlikely To Cool In Near Term? Govt Not In Consensus To Cut Taxes
2 years, 8 months ago

Petrol, Diesel Prices Unlikely To Cool In Near Term? Govt Not In Consensus To Cut Taxes

News 18  

The government is not in full consensus to immediately cut taxes on petrol and diesel with a proposal by the oil ministry to cut duty on the fuels has not found favour with the finance ministry, according to an ET report. Diesel prices also maintained the status quo at Rs 96.67 a litre in Delhi and at Rs 104.77 per …

Prices of food, shelter, essentials skyrocket in India, commoners under pressure
2 years, 8 months ago

Prices of food, shelter, essentials skyrocket in India, commoners under pressure

India Today  

Prices of several essential items are on the rise and it is hurting the common man the most. On February 28, Amul announced that it was raising milk prices by Rs 2/litre, resulting in a 4 per cent increase in MRPs. Fuel prices have risen for the 14th time in the last 15 days, with petrol and diesel prices increasing …

Petrol, diesel prices: Why govt, oil companies are finding it difficult to control spike
2 years, 8 months ago

Petrol, diesel prices: Why govt, oil companies are finding it difficult to control spike

India Today  

Prices of essential commodities, including edible oil and vegetables, have skyrocketed after petrol and diesel rates were increased by oil marketing companies on successive occasions. The Reserve Bank of India on Friday raised the retail inflation projection for the current financial year to 5.7 per cent on the back of rising global prices amidst ongoing geo-political tensions. In all, petrol …

Petrol, Diesel Prices Hiked Today, Increased By Rs 10 in 16 Days; Check Fuel Rates
2 years, 8 months ago

Petrol, Diesel Prices Hiked Today, Increased By Rs 10 in 16 Days; Check Fuel Rates

News 18  

Petrol, Diesel Prices Hiked: Petrol and diesel prices were hiked again by 80 paise a litre each today, taking the total increase in rates to Rs 10 per litre in 16 days. In Mumbai, petrol and diesel prices per litre stand at Rs 120.51 and Rs 104.77 respectively. The price of Brent crude has risen by about $28.4 per barrel …

Petrol, diesel prices hiked by 80 paise, total increase now stands at Rs 10 per litre
2 years, 8 months ago

Petrol, diesel prices hiked by 80 paise, total increase now stands at Rs 10 per litre

India Today  

Petrol and diesel prices were hiked by 80 paise a litre each on Wednesday, taking the total increase in rates in the last two weeks to Rs 10 per litre. Petrol in Delhi will now cost Rs 105.41 per litre as against Rs 104.61 previously, while diesel rates have gone up from Rs 95.87 per litre to Rs 96.67. In …

Fuel price hike very low in India compared to other countries: Hardeep Singh Puri in Parliament
2 years, 8 months ago

Fuel price hike very low in India compared to other countries: Hardeep Singh Puri in Parliament

Firstpost  

Union Minister Hardeep Singh Puri said hike in petrol prices in India was only five per cent between April 2021 and March 2022 New Delhi: Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday defended the central government over hike in fuel prices and compared it with that of other countries. Comparing gasoline prices between April 2021 …

Petrol, Diesel Prices Hiked for 13th Time in Two Weeks; Up by Rs 9.50; Know Fuel Rates
2 years, 8 months ago

Petrol, Diesel Prices Hiked for 13th Time in Two Weeks; Up by Rs 9.50; Know Fuel Rates

News 18  

The prices of petrol and diesel continued to rise on Tuesday. Since then, the petrol and diesel prices have soared by nearly Rs 9.50 per litre in just two weeks. The state-owned fuel retailers will need to raise price by Rs 10.6 to Rs 22.3 a litre for petrol, according to the recent report by Kotak Institutional Equities. For diesel, …

Petrol, Diesel Prices Hiked by Another 80 Paise Today: Petrol Crosses Rs 118 in Mumbai
2 years, 8 months ago

Petrol, Diesel Prices Hiked by Another 80 Paise Today: Petrol Crosses Rs 118 in Mumbai

News 18  

Petrol and diesel prices in Delhi were on Sunday hiked by another 80 paise per litre, while Mumbai saw the upward revision of 84 paise in petrol and 85 paise in diesel, according to a notification from oil marketing companies. The current diesel prices in Delhi and Mumbai stand at Rs 94.67 per litre and Rs 102.64 per litre, repectively. …

Petrol, diesel prices see ninth increase in 10 days, Congress leaders stage protest
2 years, 8 months ago

Petrol, diesel prices see ninth increase in 10 days, Congress leaders stage protest

Deccan Chronicle  

New Delhi: Petrol and diesel prices were on Thursday hiked by 80 paise a litre each, taking the total increase in rates in the last 10 days to Rs 6.40 per litre. Petrol in Delhi will now cost Rs 101.81 per litre as against Rs 101.01 previously while diesel rates have gone up from Rs 92.27 per litre to Rs …

Cong Flays Centre Over 'unabated' fuel Price Hikes, Dubs it 'Extortion'
2 years, 8 months ago

Cong Flays Centre Over 'unabated' fuel Price Hikes, Dubs it 'Extortion'

News 18  

The Congress on Wednesday slammed the Centre over “unabated” hike in fuel prices and termed it “extortion” by the Modi government. Congress MP Shashi Tharoor said: “Who told the BJP that drip torture is more saleable to the public than the guillotine?” Till last Tuesday, fuel prices were steady since November 2021 when the Centre reduced excise duty on petrol …

Fuel prices hiked again, fifth time in six days
2 years, 8 months ago

Fuel prices hiked again, fifth time in six days

Firstpost  

Petrol price on was hiked by 50 paise a litre and diesel by 55 paise today New Delhi: Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to Rs 3.70-3.75 per litre. The increase in retail …

Data | An accrued price: What determines the high costs of retail fuel in India?
2 years, 8 months ago

Data | An accrued price: What determines the high costs of retail fuel in India?

The Hindu  

In theory, the retail petrol prices in India is directly linked to the crude oil prices in the international market. Currently, in many States, Indians pay ₹50 as tax for every ₹100 they pay for petrol Diverging trends The chart shows the retail petrol price in Delhi and the crude oil price between March 2014 and March 2022 Chart appears …

Fuel price control is back from the dead
2 years, 8 months ago

Fuel price control is back from the dead

Live Mint  

The spectre of political control is once again haunting India’s fuel retailers and those who bankrolled them, denting the profits of oil companies, hurting in particular private operators Reliance and Nayara Energy. Reliance Industries Ltd’s fuel retailers are facing a shortage of fuel, and fear the return of the 2008 scenario in which many private sector fuel retailers had to …

IOC, BPCL, HPCL lost ₹19,000 cr in revenue due to fuel price freeze: Moody’s
2 years, 9 months ago

IOC, BPCL, HPCL lost ₹19,000 cr in revenue due to fuel price freeze: Moody’s

Live Mint  

Despite a massive rise in crude oil prices, India's top fuel retailers including IOC, BPCL and HPCL kept the prices unchanged, and it cost them $2.25 billion or ₹19,000 crore in revenues in March, latest report by Moody's Investors Service said. The oil marketing companies raised the fuel prices for the first time in 2022 on March 22 and March …

Freeze out: The Hindu Editorial on fuel price hike after a 137-day pause
2 years, 9 months ago

Freeze out: The Hindu Editorial on fuel price hike after a 137-day pause

The Hindu  

On Tuesday, after possibly the longest pause, of 137 days, in India’s retail fuel prices in recent years, oil marketing companies raised petrol and diesel prices by about 80 paise a litre, following up with a similar increase on Wednesday. The interregnum between then and now, coinciding with the five Assembly election battles, also witnessed the sharpest spike in global …

Petrol, diesel rates up by ₹1.60 a litre in two days
2 years, 9 months ago

Petrol, diesel rates up by ₹1.60 a litre in two days

Hindustan Times  

NEW DELHI: Petrol and diesel become costlier by ₹1.60 per litre in two days as state-run oil companies on Wednesday raised their rates by 80 paise a litre for the second consecutive day even as the international oil prices remained flat on Tuesday. “In fact, OMCs are recovering their past revenue losses as daily changes in fuel rates were frozen …

Steep fuel price hikes spark uproar in Parliament
2 years, 9 months ago

Steep fuel price hikes spark uproar in Parliament

The Hindu  

After a four and a half month freeze on fuel prices in the run up to five State Assembly elections, India’s oil marketing companies began recovering the higher crude oil costs that have prevailed in recent months on Tuesday, with an 80 paise increase per litre in retail prices for petrol and diesel, along with a ₹50 increase in domestic …

'Making gains by plundering poor': Congress slams Centre over fuel price hike
2 years, 9 months ago

'Making gains by plundering poor': Congress slams Centre over fuel price hike

Firstpost  

SP MP Jaya Bachchan also attacked the Centre over the hike in fuel prices and said that Akhilesh Yadav had repeatedly said in his campaign that the price is going to increase after the elections New Delhi: Congress on Tuesday slammed the Centre over the hike in petrol and diesel prices, alleging that the government is “making a gain worth …

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