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 could have helped cool inflation appreciably,” Mr. Vijaya Sai Reddy said in a press release. Mr. Vijaya Sai Reddy said that OMCs account for more than three-fourths of the fossil fuel market and were consistently making profits and paying huge sums to the Centre towards dividend. The OMCs tend to increase the prices of petrol and diesel whenever the international crude oil prices head north but they are not bringing the prices down in spite of favourable conditions, he added.

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History of this topic

Fuel price cut at pvt outlets worry state-run retailers
4 days, 11 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 …

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 …

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 …

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 …

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, 2 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, 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 …

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, …

Government to Bear LPG Price Cut Burden
1 year, 3 months ago

Government to Bear LPG Price Cut Burden

Deccan Chronicle  

New Delhi: Day after the government announced the price cuts on domestic cooking gas cylinders, Minister for Petroleum and Natural Gas Hardeep Singh Puri on Wednesday has affirmed that the government would take the burden of the Rs 200 price cut announced on domestic cooking gas cylinders. The minister has also noted that the Centre and the oil marketing companies …

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 …

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 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 …

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 …

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 …

Petrol Diesel Price Today Announced: Check Fuel Rates in Delhi, Mumbai, Other Cities
2 years, 3 months ago

Petrol Diesel Price Today Announced: Check Fuel Rates in Delhi, Mumbai, Other Cities

News 18  

The petrol and diesel prices in India have been kept unchanged by the oil marketing companies on August 29 as well. The prices were last altered in the country on May 22 when Finance Minister Nirmala Sitharaman announced an excise duty cut in the petrol prices by Rs. 8 per litre whereas the diesel prices were reduced by Rs. 96.83 …

Petrol Diesel Price Today Announced: Check Fuel Rates in Delhi, Mumbai, Other Cities
2 years, 3 months ago

Petrol Diesel Price Today Announced: Check Fuel Rates in Delhi, Mumbai, Other Cities

News 18  

The Indian Oil Marketing Companies have decided to keep the fuel rates unchanged yet again on August 25. 8 per litre while the diesel prices saw a cut of Rs. 96.72 per litre while the diesel price remains at Rs. 106.35 per litre and the rate of diesel after revision is Rs. Check the petrol and diesel prices in some …

Petrol, Diesel Prices Drop in Delhi, Mumbai Post Excise Duty Cut; Check Rates In Your City Today
2 years, 6 months ago

Petrol, Diesel Prices Drop in Delhi, Mumbai Post Excise Duty Cut; Check Rates In Your City Today

News 18  

Petrol, Diesel Prices Monday: Oil marketing companies have kept the prices of petrol and diesel unchanged on Monday, May 30, 2022. In Kolkata, the petrol price has been reduced to Rs 106.03 per litre after the excise duty cut, while the price of diesel now stands at Rs 92.76 per litre. The central government on May 21 cut excise duty …

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 …

Fuel Prices Remain High In Delhi, Mumbai; Check Latest Petrol, Diesel Rates In Your City
2 years, 7 months ago

Fuel Prices Remain High In Delhi, Mumbai; Check Latest Petrol, Diesel Rates In Your City

News 18  

The prices of petrol and diesel refused to come down for the 20th consecutive day. Fuel prices have been steady since April 6 after Oil Marketing Companies hiked them by Rs 10 per litre following the 14 paise hikes across major cities. In Kolkata, one litre petrol retails at Rs 115.12, while one litre of diesel retails at Rs 99.83 …

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 …

Petrol, Diesel Fresh Prices Announced Today: How Much You Need to Pay
2 years, 8 months ago

Petrol, Diesel Fresh Prices Announced Today: How Much You Need to Pay

News 18  

Petrol, Diesel Prices: In what comes as a relief, petrol and diesel prices were stagnant on Thursday. 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, according to a price notification of state fuel retailers. In Mumbai, petrol and diesel …

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 …

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, …

Kerala HC declines to stay OMCs\' decision to hike price of bulk diesel purchase
2 years, 9 months ago

Kerala HC declines to stay OMCs\' decision to hike price of bulk diesel purchase

Deccan Chronicle  

Kochi: The Kerala High Court on Tuesday declined to stay the state-owned oil companies' decision to hike price of bulk diesel purchases or restrict them from further increasing the rates, but asked them to explain the manner in which their pricing mechanism worked. Alleging "hostile discrimination" against KSRTC by the OMCs, advocate Deepu Thankan -- representing the state transport corporation …

Diesel Prices Hiked For Bulk Users; Will You Have to Pay More for Petrol, Diesel Now?
2 years, 9 months ago

Diesel Prices Hiked For Bulk Users; Will You Have to Pay More for Petrol, Diesel Now?

News 18  

Bulk Diesel Price Hike: The price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40 per cent rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said told PTI on Sunday. How Does the Bulk Diesel Price Rise Impact – Oil Companies As …

Petrol, diesel prices: Will aam aadmi get relief from high fuel rates?
2 years, 9 months ago

Petrol, diesel prices: Will aam aadmi get relief from high fuel rates?

India Today  

Amid skyrocketing international oil prices, there are apprehensions that petrol and diesel prices across India will go up, pinching the common man's pocket. However, Puri said "the government will in the coming months also take whatever measures we have to, to make sure that our consumer gets relief to the extent we can." INTERNATIONAL OIL PRICES Observing that oil prices …

Petrol, diesel prices to go up by Rs 12 before Holi?
2 years, 9 months ago

Petrol, diesel prices to go up by Rs 12 before Holi?

India Today  

With assembly elections in five states, including Uttar Pradesh, getting over on Monday, there are apprehensions that petrol and diesel prices may be hiked across the country. This comes as international oil prices have reached levels not seen since the 2008 financial crisis as disruption to crude and fuel exports from Russia has left the world short of supply. With …

Petrol, Diesel prices today: Fuel prices static despite sharp fall in global oil rates
3 years ago

Petrol, Diesel prices today: Fuel prices static despite sharp fall in global oil rates

India Today  

The state-run oil marketing companies have not increased the prices of petrol and diesel on Sunday, November 28, 2021, amid a sharp decline in crude oil prices in the international market. The central government had slashed the excise duty on petrol and diesel by Rs 5 and Rs 10, respectively, to bring down retail rates from record highs. In Punjab, …

Petrol, Diesel prices today: Fuel rates remain unchanged on November 27| Check latest rates here
3 years ago

Petrol, Diesel prices today: Fuel rates remain unchanged on November 27| Check latest rates here

India Today  

The state-run oil marketing companies have kept the prices of petrol and diesel unchanged on Saturday, November 27, 2021, marking stability in fuel rates for more than three weeks now. Notably, there has been no change in the prices of petrol and diesel for the 23rd consecutive day as the fuel rates were last revised on November 4 across key …

Petrol, Diesel prices today: Fuel rates remain constant for more than three weeks| Check latest rates here
3 years ago

Petrol, Diesel prices today: Fuel rates remain constant for more than three weeks| Check latest rates here

India Today  

The state-run oil marketing companies have kept fuel rates unchanged on Friday, November 26, 2021, marking stability in the prices of petrol and diesel for more than three weeks now. Notably, petrol and diesel prices have remained static for over three weeks after the central government announced an excise duty cut on fuel rates on November 3, providing relief to …

Diesel price rise again, petrol stable amid volatility in global oil markets
3 years, 2 months ago

Diesel price rise again, petrol stable amid volatility in global oil markets

India TV News  

Auto fuel prices in the country have maintained stability amid volatility in global oil prices, but the oil marketing companies on Sunday increased the pump price of diesel marginally while maintaining stability in petrol prices. Accordingly, diesel prices increased by 25 paise per litre in the national capital to Rs 89.07 per litre on Sunday while petrol price remained unchanged …

Petrol, diesel prices unchanged despite weakening global oil rates. Check details
3 years, 4 months ago

Petrol, diesel prices unchanged despite weakening global oil rates. Check details

India Today  

Fuel prices have not been changed on Monday despite weakening global crude oil prices. Global fuel prices fell more than 1 per cent, dropping for a third straight session due to fresh concern about surging cases of Covid-19 Delta variant in many parts of the world. Read | Petrol, Diesel price today: No revision in fuel rates for 29 straight …

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 …

Petrol, diesel prices today: Fuel rates remain steady for fifteenth consecutive day | Check latest rates here
3 years, 4 months ago

Petrol, diesel prices today: Fuel rates remain steady for fifteenth consecutive day | Check latest rates here

India Today  

There has been no change in the prices of petrol and diesel on August 1, 2021. In Kolkata, petrol prices remained unchanged at Rs 102.8 per litre and diesel is priced at Rs 93.02. Petrol prices saw a hike on July 17, 2021 when it rose by 30 paise per litre in the national capital, but diesel rates have remained …

Petrol, diesel price today: Fuel rates remain steady for two weeks| Check the latest city-wise rate
3 years, 4 months ago

Petrol, diesel price today: Fuel rates remain steady for two weeks| Check the latest city-wise rate

India Today  

The prices of petrol and diesel remained unaltered on July 31, 2021, for two consecutive weeks. In Mumbai, the petrol price has remained steady and is retailing at Rs 107.83 per litre and diesel is being sold at Rs 97.45 per litre. The petrol prices remained unchanged in Kolkata and it stands at Rs 102.08 per litre and diesel is …

Sigh of relief? Oil companies may cut retail price of petrol, diesel over next few days
3 years, 5 months ago

Sigh of relief? Oil companies may cut retail price of petrol, diesel over next few days

India TV News  

Oil marketing companies kept the retail price of petrol and diesel unchanged on Friday to analyse the global oil price movement before making further revisions. Fuel prices were revised upwards on previous two days taking the retail price of petrol over the century mark all across the country. Similarly, diesel price in the capital also rose by Rs 8.89 per …

Petrol, diesel prices hit record high after fresh hike. Check latest rates
3 years, 6 months ago

Petrol, diesel prices hit record high after fresh hike. Check latest rates

India Today  

State-run oil marketing companies have hiked fuel prices on Tuesday after leaving it unchanged for a day. Petrol price has increased to Rs 97.50 per litre in Delhi and diesel is retailing at Rs 88.23 per litre. In Mumbai, petrol's retail price is inching closer to Rs 104 per litre and diesel costs Rs 95.72 per litre. Fuel prices have …

Petrol, diesel prices at all-time high after fresh hike. Check latest rates
3 years, 6 months ago

Petrol, diesel prices at all-time high after fresh hike. Check latest rates

India Today  

Fuel prices were hiked on Monday by state-run oil marketing companies after a day’s gap. After the fresh hike, petrol is retailing at an all-time high of Rs 96.41 per litre in Delhi and diesel price has crossed Rs 87 per litre for the first time. In Mumbai, petrol price is inching closer to Rs 103 per litre and diesel …

Petrol, diesel prices hiked after day's gap. Check latest rates
3 years, 6 months ago

Petrol, diesel prices hiked after day's gap. Check latest rates

India Today  

Fuel prices have been hiked by state-run oil marketing companies on Tuesday following an increase in global crude oil rates. The price of petrol in Mumbai is just 30 paise short of crossing Rs 100 per litre and diesel price is slowly creeping towards Rs 92 per litre. It may be noted that there are hardly any districts left in …

Petrol, diesel price hiked after 2-day gap. Check rates in your city
3 years, 7 months ago

Petrol, diesel price hiked after 2-day gap. Check rates in your city

India Today  

Fuel prices were hiked by state-run oil marketing companies on Monday after a two-day gap. In Delhi, petrol price has increased by 26 paise to Rs 91.53 per litre, while diesel now costs Rs 82.06 per litre. In Mumbai, petrol price is retailing close to Rs 98 per litre and diesel price has crossed Rs 89 per litre after today’s …

Brace for petrol, diesel price hike after election results
3 years, 7 months ago

Brace for petrol, diesel price hike after election results

India Today  

Fuel prices in the country have not been revised upwards by oil marketing companies for almost two months, even as international crude oil rates continue to hover around the $67-mark. State-run oil marketing companies are likely to start rising petrol and diesel prices gradually to recover losses they have incurred by artificially keeping prices low, right from the run-up to …

Petrol, Diesel Prices Slashed for the Second Time in 6 Days. Check Latest Rates in Metros
3 years, 8 months ago

Petrol, Diesel Prices Slashed for the Second Time in 6 Days. Check Latest Rates in Metros

News 18  

Petrol and diesel prices were slashed on Tuesday for the second time in a week on the back of softening international crude prices. After Tuesday’s rate revision, petrol prices were cut by 19-22 paise while diesel prices were reduced by 21-23 paise across the country. Oil companies had last cut petrol and diesel prices on March 25 by 21 paise …

Decoded: Why state-run oil companies have not hiked petrol, diesel rates in March
3 years, 9 months ago

Decoded: Why state-run oil companies have not hiked petrol, diesel rates in March

India Today  

State-run oil marketing companies have not revised fuel prices upwards for 10 straight days even as international crude oil rates continue to climb. According to the sources quoted in the report, it seems that the central government has informally asked the major OMCs to keep petrol and diesel rates unchanged in view of the crucial assembly elections in four states …

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