In three days, petrol prices increased by 59 paise per litre and diesel by 69 paise, neutralising rate cuts between 24 March and 15 April
In Chennai, petrol prices increased from Rs 92.55 on 4 May to Rs 92.70 on 5 May after a rise of 15 paise in its price
The hike comes after the Assembly Elections 2021 which were held in West Bengal, Kerala, Tamil Nadu, Assam and Puducherry
Petrol price on Wednesday was cut by 18 paise per litre and diesel by 17 paise a litre as international oil prices tumbled to the lowest since early February
In Rajasthan's Sriganganagar, petrol costs Rs 101.85 per litre which is the highest in the country
A litre of petrol in the National Capital currently costs Rs 91.17, while the price of a litre of diesel is Rs 81.47
Centre and states need to act in coordination to reduce tax on fuel, says RBI governor Shaktikanta Das
Das said that such coordination is needed because both the Centre and states impose taxes on fuel
The farmers' body said that the increased fuel prices are also resulting in farmers getting lower net Minimum Support Price for their produce
Petrol price crosses Rs 80-mark in Delhi for first time since 2018, diesel at new high as oil companies hike rates
While diesel price has been hiked for the 20th straight day, petrol price has been raised on 19 occasions in less than three weeks
Chidambaram dubs imposition of taxes on fuel as 'cruel' in times of distress; says govt must borrow to meet deficits
Governments must borrow to meet their deficits and not impose higher tax burdens when economic activity has ground to a halt amid the coronavirus pandemic, senior Congress leader P Chidambaram said on Wednesday after the Centre and the Delhi government hiked taxes on petroleum products
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
Govt to gain Rs 1.6 lakh cr additional revenues this fiscal from record excise duty hike on petrol, diesel
The cash-strapped government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record increase in excise duty on petrol and diesel, that will help make up for revenue it lost in a slowing economy and shutting down of businesses due to coronavirus lockdown
Excise duty on petrol hiked by record Rs 10, diesel by Rs 13 per litre; move aimed at raising revenues due to tight fiscal conditions
Special additional excise duty on petrol has been hiked by Rs 2 per litre and road cess has been hiked by Rs 8 a litre.
Transporters demand rollback in diesel price hike; say increasing duties, taxes may disrupt supply of essential commodities
All India Motor Transport Congress (AIMTC) on Tuesday demanded the rollback of diesel price hike and said increasing duties and taxes may disrupt the supply of essential commodities
Stock Market Latest Updates: Sensex falls 262 points, Nifty holds 9,200-mark; SBI, Bajaj Finance among major losers
Stock market today LIVE Updates: Benchmark indices erase early gains; petrol price up Rs 1.67, diesel Rs 7.10 per litre in Delhi
Fuel prices hiked: Petrol up by Rs 1.67 per litre, diesel by Rs 7.10 in Delhi; prices remain unchanged in Mumbai
According to the official website of Indian Oil Corporation, on Tuesday, petrol costs Rs 76.31 per litre in Mumbai and diesel costs Rs 66.21 a litre.
The historic rout in oil markets that sent US crude prices plummeting to as much as minus $40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on the different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet
Coronavirus outbreak: Airlines stare at uncertainty this quarter; situation likely to improve in next 3 months
Lower oil prices and possibility of a spurt in domestic passenger traffic due to international travel restrictions would benefit the domestic airline industry.
Petrol price falls below Rs 71, first time in eight months; India to gain from Saudi Arabia, Russia oil price war
Petrol prices slipped below Rs 71-mark for the first time in eight months on Monday as India looks set to reap windfall from a price war among oil producers leading to international crude prices crashing by their biggest margin since the 1991 Gulf war
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.