Diesel prices hit new high, petrol rates rise by 5 paise after a day's pause; both above Rs 80 in Delhi
In Delhi, a litre of petrol now comes for Rs 80.43 per litre as compared to Rs 80.38 earlier. Diesel rates have been increased to Rs 80.53 per litre from Rs Rs 80.40. Rates vary from state to state depending on the incidence of local sales tax or VAT.
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
Fuel demand shows signs of revival; petrol, diesel sales rise in May after easing lockdown restrictions
The drop in fuel sales in the first half of May is lower than the reduction seen during 1-15 April 2020.
India Oil Corp, the country’s top refiner, is close to winning its first contract to supply diesel, jet fuel and gasoline in the second half of this year to state-run Bangladesh Petroleum Corp, two sources with knowledge of the matter said
Coronavirus impact: Fuel demand nearly halves in April as lockdown, travel curbs erode economic activity
Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes-its lowest since 2007, government data showed on Saturday.
The record excise duty hike on petrol and diesel will not help the government bridge the fiscal gap as planned, nor will it help boost economic growth as consumption demand will further be crippled, warns a report
India exports 33.5 lakh tonne sugar so far in 2019-20 marketing year; Centre takes measures to help sugar mills clear cane dues
According to AISTA, mills exported 33,49,132 tonnes of sugar from 1 October 2019 till 4 May 2020.
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
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.
Fuel demand hit: Petrol sales down 61%, diesel at 56.5% in April; demand expected to pick up this month
India's fuel consumption slumped by close to 70 per cent in April as all petroleum products except LPG saw massive demand erosion following a nationwide lockdown halted economic activity and travel
Reliance Industries Ltd has cut crude oil processing at its exports-only refinery at Jamnagar in Gujarat in March by close to one-fourth as it joins public sector oil firms in cutting run-rate to align production with a coronavirus-induced slump in fuel consumption
The Meghalaya government has increased taxes on petrol and diesel from Wednesday amid the nationwide lockdown and plunging crude oil prices, officials said on Wednesday
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: Fuel sales slump 50% in first half of April; petrol down 64%, diesel 61%, ATF 94%
India's fuel consumption slumped by a record 50 percent in April as all petroleum products except LPG saw massive demand erosion following a nationwide lockdown halted economic activity and travel
Coronavirus Outbreak: Petrol, diesel demand to pick up as govt allows trucks to ply, some industries to resume ops
Petrol and diesel consumption, which saw its biggest-ever decline in the aftermath of a nationwide lockdown, is likely to pick up in the second half of the month as the government has allowed trucks to ply as well as farmers and industries in rural areas to resume operations after 20 April
India is capitalizing on low global oil prices to fill its underground strategic oil reserves, with the first shipload of 1 million barrels of crude oil from the UAE arriving at Mangalore as part of efforts to shore up supplies to meet any supply or price disruption