State-run oil companies cut fuel supplies in Vizag
2 years, 7 months ago

State-run oil companies cut fuel supplies in Vizag

Deccan Chronicle  

Vijayawada: Oil marketing companies have started imposing curbs on supply of petrol and diesel to fuel stations. At normal times, oil companies like IOC, BPCL and HPCL supply nearly seven lakh litres of diesel and four lakh litres of petrol to about 3,500 fuel stations across AP per day. Bharat Petroleum started reducing supply in Visakhapatnam on Thursday, providing fuel to a limited number of fuel stations and other companies followed suit. P. Ravi Kumar, AP Federation of Petroleum Traders state general secretary, said, “We want the Centre and the state government to issue directions to the oil companies not to impose cuts fuel supply to prevent panic buying.” He said, “We appeal to the state government to issue directions to the district collectors to monitor supply of fuel as per demand to avoid any shortage.”

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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 …

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, …

Sri Lanka fuel crisis: Govt declares week-long holiday for schools from tomorrow
2 years, 6 months ago

Sri Lanka fuel crisis: Govt declares week-long holiday for schools from tomorrow

India TV News  

Highlights Schools will remain shut for a week as the country faces a severe fuel crisis People were asked to work from home while several teachers were requested to teach online Since the fuel crisis many people opted to use bicycles as mode of transportation Sri Lankan schools will remain shut for a week as the country faces a severe …

Petroleum traders ask state to resolve rationing of fuel in AP
2 years, 7 months ago

Petroleum traders ask state to resolve rationing of fuel in AP

Deccan Chronicle  

VIJAYAWADA: Petroleum dealers in AP have asked state government to intervene and resolve the issue of rationing fuel in the state by holding a joint meeting with government-owned oil marketing companies BPCL, HPCL and IOCL. Traders contend that BPCL is imposing a cut on supply of both petrol and diesel, making several fuel stations go dry in several parts in …

Petrol, diesel shortage news triggers panic: Here's what govt says
2 years, 7 months ago

Petrol, diesel shortage news triggers panic: Here's what govt says

India TV News  

Petrol, diesel shortage news: A few days back long queues snaked around petrol pumps after rumours of a shortage forced people to rush to their nearest station in Ahmedabad. The government, however, said sufficient supplies of petrol and diesel are being made available to cater to the extra demand and there is sufficient fuel to take care of any demand …

Shimla faces fuel shortage amid peak season; tourists, locals struggle
2 years, 7 months ago

Shimla faces fuel shortage amid peak season; tourists, locals struggle

India TV News  

Highlights Shimla was already facing water crisis, which had added to the woes of locals Reports say oil companies are incurring losses due to which they are rationing the oil A petrol pump operator said he is getting fuel supply every 3 days Shimla is witnessing a crisis in petrol and diesel currently. According to the details, the oil companies …

Traders stop buying petrol in protest over excise cut
2 years, 7 months ago

Traders stop buying petrol in protest over excise cut

Deccan Chronicle  

Vijayawada: Dissatisfied with the Centre’s recent decision to cut excise duty on fuels, petroleum traders in Andhra Pradesh suspended procurement of stocks from state-owned companies, between 8 am and 6 pm on Tuesday. Traders said that the dealer’s margin at present is insufficient to meet operational costs of fuel stations, with employees demanding salary hikes, increasing power tariffs and costs …

Restricted supply hits fuel stations in Telangana
2 years, 7 months ago

Restricted supply hits fuel stations in Telangana

Deccan Chronicle  

HYDERABAD: Restricted fuel supplies by oil companies are resulting in some petrol pumps going dry in the state. Before restricted supplies began a couple of weeks ago, petrol pumps in Telangana were receiving on an average 30 lakh litres of petrol a day, and 130 lakh litres of diesel. While HPCL has introduced rationing of its supplies, BPCL is now …

Sri Lanka runs out of diesel, faces longest-ever blackout
2 years, 9 months ago

Sri Lanka runs out of diesel, faces longest-ever blackout

The Hindu  

Diesel was no longer on sale across Sri Lanka on Thursday, crippling transport as the crisis-hit country’s 22 million people endured record-long power blackouts. “We are still using old stocks of diesel, but if we don’t get supplies by this evening, we will not be able to operate,” chairman of the private bus operators association Gemunu Wijeratne told AFP. The …

Reserve Bank of India Has A Suggestion to Tackle Rising Petrol, Diesel Price
3 years, 7 months ago

Reserve Bank of India Has A Suggestion to Tackle Rising Petrol, Diesel Price

News 18  

Petrol and diesel prices in India continued to surge. To tackle the rising fuel prices in India, Reserve Bank of India on Friday suggested states and the Union government need to contain the taxes on petrol and diesel. “Excise duties, cess and taxes imposed by the Centre and states need to be adjusted in a coordinated manner to contain input …

Petrol became costlier by 3.83/lt, diesel by ₹4.42/lt in May
3 years, 7 months ago

Petrol became costlier by 3.83/lt, diesel by ₹4.42/lt in May

Hindustan Times  

Auto fuel rates continued to surge unabated for the sixteenth time in May as state-run retailers hiked petrol prices by 29 paise per litre and diesel by 26 paise a litre on Monday. Pump prices of petrol and diesel in Delhi on Monday also made a new record of ₹94.23 per litre and ₹85.15 a litre, respectively. Indian fuel retailers …

Fleecing fuel users: The Hindu Editorial on hike in petrol, diesel prices
4 years, 6 months ago

Fleecing fuel users: The Hindu Editorial on hike in petrol, diesel prices

The Hindu  

In just 12 straight days, India’s state-owned oil marketing companies have raised the retail prices of petrol and diesel by ₹6.55 and ₹7.04 a litre, respectively. A consumer in Delhi would have ended up spending about 9% more on petrol at an Indian Oil Corporation fuel pump on Thursday while those driving diesel vehicles would have found their fuel costs …

Oil marketing companies shares drop up to 13% post govt hikes excise duty on petrol, diesel
4 years, 8 months ago

Oil marketing companies shares drop up to 13% post govt hikes excise duty on petrol, diesel

Firstpost  

Shares of oil marketing companies – Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd – on Wednesday plunged up to 13 percent, a day after a hike in excise duty on petrol and diesel New Delhi: Shares of oil marketing companies – Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd …

India switches to world’s cleanest petrol, diesel with no increase in prices
4 years, 9 months ago

India switches to world’s cleanest petrol, diesel with no increase in prices

Live Mint  

India on Wednesday joined a select league of nations having the world's cleanest petrol and diesel as oil companies rolled out Euro-VI emission compliant fuels without either disruption or a price increase. Leapfrogging from BS-IV grade fuel straight to BS-VI grade, equivalent to Euro-VI fuel, petrol and diesel would have resulted in an up to Re 1 per litre increase …

Excise duty on petrol, diesel hiked by Rs 3 per litre
4 years, 10 months ago

Excise duty on petrol, diesel hiked by Rs 3 per litre

India TV News  

Government has hiked the excise duty on petrol, diesel by Rs 3 per litre. The move has come just days after when petrol, diesel prices were reduced by more than Rs 2 per litre amid a decrease a global demand amid coronavirus epidemic. The special excise duty on petrol was raised by Rs 2 to Rs 8 per litre and …

Petrol, diesel price further reduced post Budget
4 years, 11 months ago

Petrol, diesel price further reduced post Budget

Hindustan Times  

A day after the Budget, petrol and diesel prices were further cut on Sunday as international crude oil markets got hammered due to slump in demand because of coronavirus scare in China. A day after the Budget, petrol and diesel prices were further cut on Sunday The petrol now costs Rs 73.10 a litre in Delhi, Rs 78.75 a litre …

Petrol price falls, diesel continues upward move for seventh straight day; crude oil firms as supply cuts point to tight market
5 years, 11 months ago

Petrol price falls, diesel continues upward move for seventh straight day; crude oil firms as supply cuts point to tight market

Firstpost  

After the revision in the price on Wednesday, petrol was sold in Delhi at Rs 70.33 a litre, Mumbai Rs 75.97, Chennai Rs 73 and Kolkata Rs 72.44 per litre, according to data available on Indian Oil Corporation website. Meanwhile, crude oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that the supply …

Fuel rates witness steep rise; petrol at Rs 69.75/litre in Delhi, diesel at Rs 63.69/litre | Check revised rates here
6 years ago

Fuel rates witness steep rise; petrol at Rs 69.75/litre in Delhi, diesel at Rs 63.69/litre | Check revised rates here

India TV News  

Transport fuel rates were hiked for the fifth time this month and saw their steepest rise on Sunday, amid global crude oil rates continuing to climb handsomely following the implementation of output cuts by oil producers from January 1. State-run oil marketing companies increased petrol rates by 49-60 paise per litre on Sunday, while diesel prices were raised by 59-75 …

Fuel prices cut for fourth consecutive day; petrol rate falls below Rs 70-mark in Delhi for the first time this year
6 years ago

Fuel prices cut for fourth consecutive day; petrol rate falls below Rs 70-mark in Delhi for the first time this year

Firstpost  

Oil markets rose on Monday on signs that the recent price plunge may start crimping supply from the United States though concerns about the global economy continued to weigh. Petrol and diesel prices were slashed by 18-22 paise on Monday even as oil markets rose on signs that the recent price plunge may start crimping supply from the United States. …

Fuel prices continue to slide; petrol at Rs 76.71/litre in Delhi
6 years, 1 month ago

Fuel prices continue to slide; petrol at Rs 76.71/litre in Delhi

India TV News  

State-run oil-marketing companies continued to cut the prices of key transport fuels - petrol and diesel - well into the fifth week on Sunday on lower global crude oil prices. According to the Indian Oil Corp data, petrol was priced at Rs 76.71 per litre in the national capital on Sunday, 20 paise lower than Saturday. Petrol prices also fell …

West Bengal to cut petrol, diesel prices by 1 rupee per litre
6 years, 4 months ago

West Bengal to cut petrol, diesel prices by 1 rupee per litre

India TV News  

After Rajasthan and Andhra Pradesh, now West Bengal government has decided to reduce the prices of petrol and diesel. WB Chief Minister Mamata Banerjee on Tuesday said her government will cut down the price of fuel by one rupee per litre. We also demand that the central government consider cutting down the cess on diesel and petrol prices," news agency …

West Bengal third state to cut VAT on petrol, diesel
6 years, 4 months ago

West Bengal third state to cut VAT on petrol, diesel

Live Mint  

New Delhi: After the Centre made it clear that is in no mood to cut the central excise duty on petrol and diesel, political pressure is now building up on state governments to cut local sales tax or VAT on fuel. The very next day, Andhra Pradesh Chief Minister N. Chandrababu Naidu followed in Raje’s footsteps to reduce fuel prices …

Fuel rates: Petrol, diesel prices hiked for first time in over a month on higher crude oil prices and weakening rupee
6 years, 6 months ago

Fuel rates: Petrol, diesel prices hiked for first time in over a month on higher crude oil prices and weakening rupee

Firstpost  

The increase of 16 paisa a litre in petrol and 12 paisa per litre in diesel came after an 8-day self-imposed hiatus in rate revisions by state-oil firms in anticipation of softening international rates due to OPEC decision to raise output by 1 million barrels per day New Delhi: Petrol and diesel prices were on Thursday hiked for the first …

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