Diesel Price

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Petrol, diesel prices on decline mode for nearly two weeks; oil extends gains as US output cut hopes grow
Business

Petrol, diesel prices on decline mode for nearly two weeks; oil extends gains as US output cut hopes grow

On Wednesday, petrol and prices were cut up to 30 paise and 25 paise respectively due to the decline of crude prices

Prices, diesel prices slashed by up to 10 paise for first time in a month as crude oil steadies; here's rate in four metros
Business

Prices, diesel prices slashed by up to 10 paise for first time in a month as crude oil steadies; here's rate in four metros

This was for the first time since 8 September, petrol and diesel prices were cut after a fall in the crude oil rates in the international market.

Fuel prices up marginally: Petrol, diesel rates rise across four metros after plunge in US crude production
Business

Fuel prices up marginally: Petrol, diesel rates rise across four metros after plunge in US crude production

The change in the price of crude oil in the international market directly influences the price of crude oil in the domestic market and is one of the most important factors responsible for an increase in petrol prices in Indian domestic market.

Nitin Gadkari promises all support to crisis-hit auto industry, hints at reducing GST on petrol, diesel vehicles
Business

Nitin Gadkari promises all support to crisis-hit auto industry, hints at reducing GST on petrol, diesel vehicles

Union minister Nitin Gadkari on Thursday assured the crisis-hit automobile industry of all possible support from the government, including taking up the demand of GST reduction with finance minister Nirmala Sitharaman

Fuel price fluctuation: Petrol rate crosses Rs 80-mark in Maharashtra's Parbhani district, diesel declines by 11 paise
Business

Fuel price fluctuation: Petrol rate crosses Rs 80-mark in Maharashtra's Parbhani district, diesel declines by 11 paise

There are reports that petrol and diesel prices crossed Rs 80 and Rs 72 respectively in certain parts of Maharashtra.

Petrol close to Rs 70 per litre in Delhi, diesel prices decline; crude oil edges up as market eyes tighter supply
Business

Petrol close to Rs 70 per litre in Delhi, diesel prices decline; crude oil edges up as market eyes tighter supply

Petrol and diesel prices declined by up to 16 paise and 11 paise respectively after the state-run oil marketing reduced the fuel prices.

Petrol, diesel prices reduced by up to 20 paise after remaining stable for two days; crude recovers from lowest level
Business

Petrol, diesel prices reduced by up to 20 paise after remaining stable for two days; crude recovers from lowest level

Crude oil prices declined below $55 per barrel in the past couple of days on oversupply concerns and fear of weak global growth.

Petrol price rises for third time in five days up to 20 paise on recent fall in rupee; diesel rates increase too
Business

Petrol price rises for third time in five days up to 20 paise on recent fall in rupee; diesel rates increase too

Petrol became costlier by 19-20 paise per litre, third time since December 13. The diesel prices also rose by 9-10 paise per litre across the major cities.

BJP threatening Delhi petrol pump owners of I-T raids, forcing them to go on strike, claims Arvind Kejriwal
India

BJP threatening Delhi petrol pump owners of I-T raids, forcing them to go on strike, claims Arvind Kejriwal

Arvind Kejriwal said oil prices were the "lowest" in Delhi among four metro cities, adding petrol pumps were not on strike in Mumbai despite the oil prices being "highest" there "because the BJP was ruling in Maharashtra".

Narendra Modi vs petrol, diesel: PM’s famed ‘luck’ at one point has turned out to be his biggest economic riddle
Business

Narendra Modi vs petrol, diesel: PM’s famed ‘luck’ at one point has turned out to be his biggest economic riddle

The economic headwinds are strong and Modi doesn’t have much in his arsenal to tackle a falling rupee and skyrocketing crude oil prices.

Cut in petrol, diesel prices another decision made by Centre in interest of people, shows govt's sensitivity, says Amit Shah
Politics

Cut in petrol, diesel prices another decision made by Centre in interest of people, shows govt's sensitivity, says Amit Shah

BJP president Amit Shah said he had had telephone calls with the chief ministers of all the BJP-ruled states, and that they will give additional relief of Rs 2.50 per litre to the people by reducing VAT.

Cabinet approves hike in ethanol procurement price by up to 25% in bid to reduce India's crude oil dependence
Business

Cabinet approves hike in ethanol procurement price by up to 25% in bid to reduce India's crude oil dependence

Petroleum Minister Dharmendra Pradhan said that the Cabinet approved the increase in the procurement price of ethanol produced from B-heavy molasses to Rs 59.19 per litre from the current Rs 47.13 per litre and that produced from C-heavy molasses to Rs 53 a litre from the existing Rs 43.46 a litre, an increase of 25 percent.

Petrol-diesel price hike: Government must focus on real solutions, not bizarre graphics, to ease common man's pains
Business

Petrol-diesel price hike: Government must focus on real solutions, not bizarre graphics, to ease common man's pains

The ongoing race between the rupee and petrol prices to cross the century-mark ruthlessly exposes the sheer unpreparedness of the government in managing the fuel price situation

Opposition joins hands in over 7 states for Bharat Bandh today over skyrocketting fuel prices: Left calls for hartal in West Bengal
Politics

Opposition joins hands in over 7 states for Bharat Bandh today over skyrocketting fuel prices: Left calls for hartal in West Bengal

Over eight Opposition parties have extended support to Monday's Bharat Bandh which has been called by the Congress and the Left Front. Most opposition parties have backed the nationwide shutdown called over rising fuel prices, in a showdown with the Narendra Modi government that has evaded a direct explanation to the non-stop rise in fuel prices.

Bihar Opposition unites for 'Bharat Bandh' against rising fuel prices, urges trade, industry bodies to make it successful
Politics

Bihar Opposition unites for 'Bharat Bandh' against rising fuel prices, urges trade, industry bodies to make it successful

The Bharat Bandh called by the Congress against high fuel prices will be observed between 9 am to 3 pm, during which Opposition parties will hit the streets.

Petrol, diesel rates: Fuel prices reduced for sixth day in a row amid lower Brent futures
Business

Petrol, diesel rates: Fuel prices reduced for sixth day in a row amid lower Brent futures

Indian Oil Corporation has cut down fuel prices for the sixth consecutive day today (6 June, 2018)

Petrol, diesel crisis: Govt hopes fuel rates could decline further if crude oil prices stabilise
Business

Petrol, diesel crisis: Govt hopes fuel rates could decline further if crude oil prices stabilise

After relentless rise, crude oil prices have shown signs of cooling down after Saudi Arabia and Russia said it would produce more crude to increase supplies.

Petrol, diesel prices: Unwilling to cut excise duty, govt to ask ONGC to bear fuel subsidy
Business

Petrol, diesel prices: Unwilling to cut excise duty, govt to ask ONGC to bear fuel subsidy

Petrol and diesel prices have in the last two days have been cut by 8 paisa and 6 paisa a litre, and the government is keen to show a visible reduction which can be possible only if retailers are subsidised.

Petrol, diesel crisis: A one paisa price cut mocks the middle class; it's time for govt to push new levies to shore up its kitty
Business

Petrol, diesel crisis: A one paisa price cut mocks the middle class; it's time for govt to push new levies to shore up its kitty

Taxing gifts, wealth, large estates, and not petrol or diesel, could be a part of the Narendra Modi government's 'long-term solution',