What Jaitley did on Thursday by asking them to absorb another one ruppe per litre was to increase that squeeze and make it formal
Farmers, BJP rank and file compelled the govt to cut fuel prices ahead of polls
Ford India is concerned that owing to untoward market conditions, the actual growth might be lower by 0.5-1 per cent
Jaitley said the move followed Brent crude oil touching a four-year high of $86 a barrel on Wednesday and interest rates in US reaching a seven-year high
The announcement was made by CM Devendra Fadnavis soon after the central government announced cut in the prices of petrol and diesel by Rs 2.50 per litre
The move announced on Wednesday evening will be partly offset by their reducing short-term forex credit, which it estimated at $15 billion during the fiscal
In Kolkata and Chennai, petrol is priced at Rs 85.80 and Rs 87.33 per litre respectively
Petrol prices in the other key cities of Mumbai, Kolkata and Chennai on Tuesday are at Rs 91.20, Rs 85.65 and Rs 87.18 per litre, respectively
After the revision, petrol is being sold at Rs 83.73 per litre in Delhi and diesel costs Rs 75.09 per litre
Petrol is now priced at Rs 90.75, Rs 86.7 and Rs 85.21 per litre respectively in Mumbai, Chennai and Kolkata
With about 19 paise hike, diesel is priced at Rs 74.42 per litre in Delhi and Rs 79.01 per litre in Mumbai
In Mumbai, petrol has gone up by 13 paise to be priced at Rs 90.35 per litre
Petrol prices have crossed Rs 90 a litre in many states while diesel is selling at over Rs 80 a litre, due to high VAT rates that states charge on these items
Prices of petrol have crossed the Rs 90-mark in more than 20 districts of total 36 districts in Maharashtra
The AIADMK supremo said that the fuel price hike was unacceptable
New rates will be effective midnight tonight
With this change, the petrol price in Delhi will become Rs. 65.65/litre and diesel will become Rs. 55.19/litre
We're imposing tax on petrol so that poor people will have dignified life: Union minister Alphons Kannanthanam
Opposition party to organise demonstration in New Delhi's Jantar Mantar on Sept 20
Can Pradhan and Jaitley solve the govt's fuel price hike problem? BS answers