IGL also increased domestic PNG prices with effect from October 2
In Mumbai, the petrol price increased by 21 paisa per litre to Rs 107.99 per litre, while diesel rates rose to about Rs 97.80 a litre
Petrol and diesel prices on Thursday neared record levels across the country after rates were hiked by 25 paise and 30 paise a litre respectively
Petrol price on Tuesday was hiked by 20 paise per litre and diesel by 25 paise as international oil prices neared USD 80 per barrel mark for the first time in three years. The price of petrol was hiked to Rs 101.39 a litre in Delhi from Rs 101.19 and to Rs 107.47 per litre in Mumbai, according to a price notification of state-owned fuel retailers. Diesel rates went to Rs 89.57 a litre in Delhi and Rs 97.21 in Mumbai. Prices differ from state to state depending on the incidence of local taxes. This is the first price increase in petrol in more than two months and the fourth in case of diesel. The increase followed international oil prices rising for the fifth consecutive day and global benchmark Brent heading for USD 80 per barrel. Tuesday was the first increase in petrol price since state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) on September 24 resumed daily price revisions, ending the pause in rates that had effected s
The government also moved to temporarily suspend competition rules and allow companies to coordinate fuel supplies to the most affected regions.
In Delhi, petrol was at Rs 101.19 per litre. In Mumbai, petrol price remained at Rs 107.26 per litre.
Auto fuel prices in the country have maintained stability amid volatility in global oil prices
Petrol prices in the country are not coming down as the states do not want to bring fuel under the ambit of the GST, Petroleum Minister Hardeep Singh Puri said. In an interview to PTI here, Puri said petrol prices crossed the Rs 100-mark in West Bengal as the TMC government is levying heavy taxes. "If your question is do you want the petrol prices to come down then the answer is yes. Now, if your question is why the petrol prices are not coming down, then the answer is because the states don't want to bring it under GST," he said. "The Centre charges Rs 32 per litre (as taxes on petrol). We charged Rs 32 per litre when the fuel price was USD 19 per barrel, and we are still charging the same even when the price rose to USD 75 per barrel. With this Rs 32 per litre, we provide free ration, free housing and Ujjawala, among several other schemes, to the people," he said. Puri said the West Bengal government increased prices by Rs 3.51 per litre in July, resulting in the petrol crossing
Auto fuel prices in the country have maintained stability amidst volatility in global oil prices with crude on the rise again.
In Delhi, petrol was at Rs 101.19 per litre. In Mumbai, petrol price remained at Rs 107.26 per litre.
A surge in international oil prices may translate into an increase in the retail selling price of petrol and diesel in India as oil companies face extreme margin squeeze, sources said
Snapping the two-month easing trend, WPI inflation rose in August and remained in double-digit for the fifth consecutive month. In July 2021, WPI inflation stood at 11.16 per cent
Fuel and power prices rose 26.09% in August year-on-year compared with 26.02% in July, while manufactured product prices rose 11.39% compared with 11.20% in the previous month.
Oil marketing companies reduced petrol prices in the key metro cities after keeping them unchanged for three consecutive days.
Smaller manufacturers are resorting to cuts in the wage bill to keep afloat, as the demand situation in the economy remains low
Karnataka Chief Minister Basavaraj S Bommai on Thursday said he would discuss with the Union Finance Minister Nirmala Sitharaman the issue of rising retail fuel prices
Annual passenger vehicle sales in India rose by 45% to 264,442 units in July, driven by pent-up demand, according to data from the Society of Indian Automobile Manufacturers.
Congress leader Rahul Gandhi on Wednesday slammed the government over the rising price of domestic cooking gas, diesel and petrol
Fuel consumers have finally been given some relief with oil marketing companies on Wednesday reducing the pump price of petrol and diesel after keeping it static for the past seven days
Even with crude bouncing back over $73 a barrel, the Oil marketing companies have spared consumers any further hike in petrol and diesel prices