Narendra Modi could host meeting this weekend to review state of economy; may take stock of rupee, fuel price crises
6 years, 4 months ago

Narendra Modi could host meeting this weekend to review state of economy; may take stock of rupee, fuel price crises

Firstpost  

Opposition parties led by Congress have made spiralling fuel prices and plummeting rupee a political issue and questioned the efficacy of the government’s economic policies. Besides having an impact on current account deficit, the nosediving rupee has made imports costlier and led to petrol and diesel prices skyrocketing to record highs. Petrol and diesel prices Friday scaled new highs as rates were increased on account of rupee depreciation and rise in international oil rates. Every Rs 2 cut in price of petrol and diesel would lead to a revenue loss of around Rs 30,000 crore, as per ministry estimates.

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History of this topic

Petrol pumps cap inventory amid hopes of fuel price cut
10 months 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
10 months 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
11 months, 2 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 …

Crude oil prices falling but no relief to public: Kharge slams Centre
1 year ago

Crude oil prices falling but no relief to public: Kharge slams Centre

Hindustan Times  

New Delhi: Congress president Mallikarjun Kharge on Thursday criticised the central government for failing to lower petrol and diesel prices claiming there has been a significant drop in global crude oil prices. Congress president Mallikarjun Kharge “Crude oil prices have plunged by 31% over 19 months,” he said and accused Prime Minister Narendra Modi-led Bharatiya Janata Party government at the …

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

Crude price rise: Anand Rathi initiates coverage on ONGC, Oil India
1 year, 2 months ago

Crude price rise: Anand Rathi initiates coverage on ONGC, Oil India

Live Mint  

Though we don’t expect them to flare up to FY23 highs, recovering demand and OPEC’s supply cuts would keep crude prices high and support upstream companies ONGC and Oil India, said brokerage house Anand Rathi in a recent report. On the back of this current scenario, the brokerage has initiated coverage on upstream companies ONGC and Oil India with ‘Buys’ …

Supermarkets hike diesel and petrol prices more than needed, CMA finds
1 year, 7 months ago

Supermarkets hike diesel and petrol prices more than needed, CMA finds

Daily Mail  

Fuel retailers, particularly supermarkets, have hiked diesel and petrol prices more than needed to boost profit margins, the competition watchdog has found. Fuel prices: The CMA will be grilling supermarkets 'to get to the bottom of what is going on' 'Evidence gathered by the CMA indicates that fuel margins have increased across the retail market, but in particular for supermarkets, …

I run Britain's cheapest petrol station and I'm charging far less than the UK average
1 year, 8 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 …

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 …

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, Diesel Prices In India Unlikely To Be Cut Despite Cheaper Crude Oil: Report
1 year, 9 months ago

Petrol, Diesel Prices In India Unlikely To Be Cut Despite Cheaper Crude Oil: Report

News 18  

Prices of petrol and diesel in India are unlikely to be reduced anytime soon as oil marketing companies have to recover accumulated losses of Rs 18,000 crore due to high crude prices in earlier quarters, according to a CNBC-TV18 report quoting sources. Petrol prices in India have been stagnant since May 2022, when Finance Minister Nirmala Sitharaman reduced the prices …

Pakistan Increases Petrol Price by Rs 5, Diesel Sees Hike of Rs 13. Check Details
1 year, 9 months ago

Pakistan Increases Petrol Price by Rs 5, Diesel Sees Hike of Rs 13. Check Details

News 18  

The Pakistan government on Wednesday increased the prices of petrol and diesel by Rs 5 and Rs 13 per litre, respectively. With the latest increase, petrol will now cost Rs 272 per litre whereas high-speed diesel will cost Rs 293 per litre in the cash-strapped nation. The cost of kerosene has also jumped to Rs 190.29 per litre while the …

Why petrol prices have reached an all-time high in cash-strapped Pakistan
1 year, 11 months ago

Why petrol prices have reached an all-time high in cash-strapped Pakistan

Firstpost  

Pakistan is facing one of its worst economic crises. After the hike, petrol would cost Rs 249.80 per litre, high-speed diesel Rs 262.80 per litre, kerosene oil Rs 189.83 per litre and light diesel oil Rs 187 per litre. High Speed Diesel-Rs 262.80 per litre MS Petrol —Rs 249.80 per litre Kerosene Oil -Rs 189.83 per litre Light Diesel Oil …

Petrol, diesel prices today, 8 November 2022: Check rates in Delhi, Mumbai and other cities
2 years, 2 months ago

Petrol, diesel prices today, 8 November 2022: Check rates in Delhi, Mumbai and other cities

Firstpost  

In the international market, oil prices were fluctuating today, 8 November, as supply worries offset recession fears and China’s commitment to its zero-COVID policy. The last major country-wide fluctuation in the prices of fuel was reported in May, which came after the Centre cut excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per …

KTR slams PM Modi, Centre over high fuel price
2 years, 4 months ago

KTR slams PM Modi, Centre over high fuel price

Deccan Chronicle  

Hyderabad: TRS working president and IT minister K.T. Rama Rao lashed out at Prime Minister Narendra Modi and the BJP government at the Centre for not lowering the high fuel price even when the global crude prices were falling. In a media statement, he said the Modi government's excuse that international crude oil prices were the reason for the increase …

Petrol, Diesel Price Today Below Rs 100 Delhi; Check Fuel Rates in Mumbai, Other Cities
2 years, 4 months ago

Petrol, Diesel Price Today Below Rs 100 Delhi; Check Fuel Rates in Mumbai, Other Cities

News 18  

Petrol and diesel rates in the major cities of India have remained unchanged for three months now on August 22. 5 per litre and on diesel by Rs. In Kolkata, the rate of petrol per litre is Rs. 106.03 while that of diesel, per litre, stands at Rs. Check the fuel rates in different cities on August 22, here: Delhi …

Petrol Price Today: Check Petrol, Diesel Rates In Delhi, Mumbai, Kolkata, Other Cities
2 years, 4 months ago

Petrol Price Today: Check Petrol, Diesel Rates In Delhi, Mumbai, Kolkata, Other Cities

News 18  

Petrol and diesel prices have not been altered across the country for 90 days now, on August 20. 96.72 per litre for petrol and Rs. 106.31 per litre for petrol and Rs. 106.03 per litre while diesel is sold at Rs. Check out the fuel rates in some of the major cities in India for August 20, 2022: Delhi Petrol: …

Oil at six-month low | Petrol at breakeven, losses continue on diesel
2 years, 4 months ago

Oil at six-month low | Petrol at breakeven, losses continue on diesel

The Hindu  

International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said. The fall in prices has meant that fuel retailers such as Indian Oil Corporation are now breaking even on petrol but there are some losses on diesel, …

Domestic Crude Oil Sector: What New Rules Say; Will They Impact Petrol, Diesel Prices?
2 years, 6 months ago

Domestic Crude Oil Sector: What New Rules Say; Will They Impact Petrol, Diesel Prices?

News 18  

As the government has deregulated the domestically produced crude oil, the producers will now have an option to sell their oil in the domestic market to whoever pays the highest price, including private players. Currently, there is a condition in the production sharing contracts for crude oil producers to sell the oil to the government or its nominee or government …

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 …

'It is always people first for us': PM Modi reacts to price cut on petrol, diesel and LPG
2 years, 7 months ago

'It is always people first for us': PM Modi reacts to price cut on petrol, diesel and LPG

India TV News  

PM Modi's reaction to petrol, diesel price cut: Soon after Finance Minister Nirmala Sitharaman announced the price cuts on petrol, diesel and LPG, PM Narendra Modi said: "It is always people first for us." In a tweet, the PM added: "Today’s decisions, especially the one relating to a significant drop in petrol and diesel prices will positively impact various sectors, …

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 …

International oil prices in volatile mode | What this means for petrol, diesel rates
2 years, 8 months ago

International oil prices in volatile mode | What this means for petrol, diesel rates

India Today  

International oil prices were gyrating in volatile mode as economic concerns and recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe. On Wednesday, global oil prices jumped 5 per cent after Russia sanctioned 31 companies based in countries that imposed sanctions on Moscow after the Ukraine invasion. INTERNATIONAL OIL PRICES Oil prices are under pressure …

Petrol, diesel prices today: Fuel rates unchanged on 28 April; remain same for 22 days
2 years, 8 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 …

Petrol, diesel prices today: Fuel rates steady on 21 April; remains unchanged for over two weeks
2 years, 8 months ago

Petrol, diesel prices today: Fuel rates steady on 21 April; remains unchanged for over two weeks

Firstpost  

Petrol and diesel prices on 21 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 …

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 Fresh Prices Announced Today; Know City-Wise Fuel Rates
2 years, 9 months ago

Petrol, Diesel Fresh Prices Announced Today; Know City-Wise Fuel Rates

News 18  

Petrol, Diesel Price Today: Petrol price remained unchanged for a week on Wednesday, April 13, while diesel price today also followed the cue. In Chennai also, one litre of petrol was retailing at the previous price of Rs 110.89 and diesel at Rs 100.94 per litre, according to a notification from state-owned oil marketing companies. In Bengaluru, the petrol price …

India's fuel sales hit three-year high in March; demands surpass pre-pandemic levels
2 years, 9 months ago

India's fuel sales hit three-year high in March; demands surpass pre-pandemic levels

Firstpost  

While diesel saw demand rising by 6.7 per cent to 7.7 million tonnes, petrol sales were up 6.1 per cent at 2.91 million tonnes New Delhi: The country’s fuel demand soared 4.2 per cent to a three-year high in March as petrol and diesel consumption rose above pre-pandemic levels, according to official data released on Monday. Diesel, the most used …

Petrol, Diesel Prices Hiked Today, Increased By Rs 10 in 16 Days; Check Fuel Rates
2 years, 9 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, 9 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 …

Petrol, Diesel Prices Hiked for 13th Time in Two Weeks; Up by Rs 9.50; Know Fuel Rates
2 years, 9 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 40 paise per litre today. Check latest rates
2 years, 9 months ago

Petrol, diesel prices hiked by 40 paise per litre today. Check latest rates

India Today  

For the twelfth time in less than two weeks, the prices of petrol and diesel were hiked on Monday. The cost of both petrol and diesel was hiked by 40 paise per litre, taking the total hike over the last two weeks to Rs 8.40 per litre. While petrol and diesel were retailing at Rs 95.41 and Rs 86.67 a …

Petrol, Diesel Prices Hiked Today, Increased By Rs 8.40 in 14 Days; Check Fuel Rates
2 years, 9 months ago

Petrol, Diesel Prices Hiked Today, Increased By Rs 8.40 in 14 Days; Check Fuel Rates

News 18  

Fuel prices were hiked on Monday by 40 paise a litre, taking the overall increase in the last two weeks to Rs 8.40. In Chennai, the petrol and diesel prices are at Rs 109.34 and Rs 99.42 per litre. After the Assembly election results in five states last month, petrol and diesel prices in India have been on the rise …

Cong Flays Centre Over 'unabated' fuel Price Hikes, Dubs it 'Extortion'
2 years, 9 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 …

Petrol crosses ₹100 in Delhi after 80 paise hike, diesel up 70 paise
2 years, 9 months ago

Petrol crosses ₹100 in Delhi after 80 paise hike, diesel up 70 paise

The Hindu  

Petrol price on Tuesday, March 29, 2022, crossed ₹100 a litre mark after rates were hiked by 80 paise a litre and 70 paise in case of diesel, taking the total increase in rates in one week to ₹4.80 per litre. Petrol in Delhi will now cost ₹100.21 per litre as against ₹99.41 previously while diesel rates have gone up …

Petrol price hiked 30 paise, diesel up 35 paise; total increase now stands at Rs 4-4.10
2 years, 9 months ago

Petrol price hiked 30 paise, diesel up 35 paise; total increase now stands at Rs 4-4.10

The Hindu  

Petrol price on Monday was hiked by 30 paise a litre and diesel by 35 paise, taking the total increase in rates in the last one week to Rs 4-4.10 per litre. The increase in retail price warranted from crude oil prices rising during the 137 day hiatus from around USD 82 per barrel to USD 120 is huge but …

Delhi: Petrol, diesel prices to rise for sixth time in 7 days today. Check rates here
2 years, 9 months ago

Delhi: Petrol, diesel prices to rise for sixth time in 7 days today. Check rates here

India Today  

The petrol and diesel prices in Delhi will increase once again on Monday, the sixth time in a week. Meanwhile, Congress on Sunday attacked the government after fuel prices were increased for the fifth time in six days, and demanded that it should give an account of the Rs 26 lakh crore "accrued" through excise duty on petrol and diesel …

Fuel prices hiked again, fifth time in six days
2 years, 9 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 …

Petrol price hiked 50 paise, diesel up 55 paise
2 years, 9 months ago

Petrol price hiked 50 paise, diesel up 55 paise

The Hindu  

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 ₹3.70-3.75 per litre. Petrol in Delhi will now cost ₹99.11 per litre as against ₹98.61 previously while diesel rates have gone up from ₹89.87 per litre …

Petrol, diesel prices hiked again, fourth time in five days
2 years, 9 months ago

Petrol, diesel prices hiked again, fourth time in five days

Deccan Chronicle  

New Delhi: Petrol and diesel prices were hiked by 80 paise a litre each on Saturday, the fourth increase in five days as oil firms passed on to consumers the spike in cost of raw material. Oil companies, who did not revise petrol and diesel rates for a record 137 days despite prices of crude oil rising to USD 117 …

Petrol, diesel prices hiked by 80 paise a litre each, fourth increase in five days
2 years, 9 months ago

Petrol, diesel prices hiked by 80 paise a litre each, fourth increase in five days

India TV News  

Highlights Petrol in Delhi will now cost Rs 98.61 per litre as against Rs 97.81 previously Diesel rates have gone up from Rs 89.07 per litre to Rs 89.87 In four increases, petrol and diesel prices have gone up by Rs 3.20 a litre Petrol and diesel prices were hiked by 80 paise a litre each on Saturday, the fourth …

Petrol, diesel prices unchanged after increasing for two days. Check fuel rates
2 years, 9 months ago

Petrol, diesel prices unchanged after increasing for two days. Check fuel rates

Live Mint  

Petrol and diesel prices on Thursday witnessed a halt in changing rates following a two-day hike. On Wednesday the fuel rates were hiked by 80 paise per litre for a second day, since the Oil Marketing Companies started the increase in petroleum products after a gap of more than four months. Today, petrol price in Delhi stood at ₹97.01 per …

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 …

Petrol, diesel prices up 80 paise a litre for 2nd straight day
2 years, 9 months ago

Petrol, diesel prices up 80 paise a litre for 2nd straight day

Live Mint  

Petrol and diesel prices jumped by 80 paise per litre for the second day in a row on Wednesday. Lim, Analyst at S&P Global Commodity Insights, said: “In the near term, we expect India’s oil demand to remain robust in the first half of March, but it is likely to ease in the second half as retail prices are hiked, …

Petrol, diesel prices hiked again for second day in a row. Check latest rates
2 years, 9 months ago

Petrol, diesel prices hiked again for second day in a row. Check latest rates

Live Mint  

Petrol and diesel prices were on Wednesday again hiked by 80 paise a litre for a second consecutive day, since the Oil Marketing Companies started the increase in petroleum products after a gap of more than four months. Today, petrol in Delhi will now cost ₹97.01 per litre as against ₹96.21 previously while diesel rates have gone up from ₹88.27 …

'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 …

Petrol, diesel prices hiked after four months
2 years, 9 months ago

Petrol, diesel prices hiked after four months

Live Mint  

New Delhi: Petrol and diesel prices increased in the metro cities by 80 paise per litre after remaining steady for nearly 137 days. Rahul Kalantri, vice president for commodities at Mehta Equities noted that crude oil prices have gained around 18% in last four days. In its oil market report for March 2022 released last week, the International Energy Agency …

Petrol, diesel prices increased today after a gap of more than four months
2 years, 9 months ago

Petrol, diesel prices increased today after a gap of more than four months

Live Mint  

The rate of petrol and diesel prices were hiked in India on Tuesday after a gap of four months. The rate of petrol in the country's capital Delhi is ₹96.21 per litre today while that of diesel is ₹87.47 per litre. Petrol in Delhi will now cost ₹96.21 per litre as against ₹95.41 previously while diesel rates have gone up …

With no rise in petrol, diesel prices by govt oil companies, private players not happy
2 years, 9 months ago

With no rise in petrol, diesel prices by govt oil companies, private players not happy

India TV News  

Highlights Private oil companies facing loses as govt players not increasing petrol, diesel prices Due to high price of crude oil in international market, oil companies in India facing Rs 15/litre Petrol, diesel price in the country have not increased for over 120 days Oil companies especially the private ones are incurring heavy losses over the sale of petrol, diesel …

High crude oil, commodity prices unsustainable, says Finmin
2 years, 9 months ago

High crude oil, commodity prices unsustainable, says Finmin

The Hindu  

Terming the current price levels for as ‘unsustainable’, the Finance Ministry said on Tuesday that these prices are expected to ease soon while asserting that India is well positioned to cope with escalated import costs thanks to its record forex reserves. The impact of the recent developments, including the Ukraine-Russia crisis, on India’s growth, inflation, current account and fiscal deficits …

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