Opposition members, including those from the Congress and Trinamool Congress, on Thursday walked out from the Lok Sabha to protest against the continuous hike in fuel prices.
The domestic steel demand is expected to take a hit in the coming quarters due to "very high steel prices" and continuously rising fuel prices, according to industry consultancy SteelMint India.
Congress MPs led by Rahul Gandhi on Thursday staged a protest against the fuel price hike at Vijay Chowk and sought its roll back.
The rates of petrol and diesel in Delhi increased by 80 paise a litre, while in Mumbai, fuel became costlier by 84 paise on Thursday
The Congress on Wednesday slammed the Centre over "unabated" hike in fuel prices and termed it "extortion" by the Modi government.
Petrol and diesel prices were on Wednesday hiked by 80 paise a litre each, taking the total increase in rates in the last nine days to Rs 5.60 per litre.
Petrol price on Tuesday crossed Rs 100 a litre mark after rates were hiked by 80 paise a litre and 70 paise in case of diesel, taking the total increase in rates in one week to Rs 4.80 per litre. Petrol in Delhi will now cost Rs 100.21 per litre as against Rs 99.41 previously while diesel rates have gone up from Rs 90.77 per litre to Rs 91.47, according to a price notification of state fuel retailers. Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation. This is the seventh increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22. On the first four occasions, prices were increased by 80 paise a litre - the steepest single-day rise since the daily price revision was introduced in June 2017. On the following days, petrol price went up by 50 paise and 30 paise a litre while diesel rose by 55 paise and 35 paise a litre. In all, petrol and diesel prices have gone up by Rs 4.8
Sitharaman said the government is taking various steps in response to the rise in global oil prices
In Chennai too, they were increased. Petrol there now costs Rs 105.94 and diesel Rs 96 per litre
Petrol price on Monday was hiked by 30 paise a litre and diesel by 35 paise, taking the total increase in rates in the last one week to Rs 4-4.10 per litre
While the Ukraine crisis will be discussed this week, the issue of rising prices will come up next week, a member of parliament (MP)
The Opposition on Monday demanded a rollback in the hike in prices of fuel and cooking gas and sought a statement from Prime Minister Narendra Modi on the floor of the House over the issue.
Alemao cited the example of then CM Parrikar, who in 2012, had reduced the state government's value-added tax on petrol and diesel to almost zero percent, in order to reduce fuel prices at the time
Petrol is selling in the national capital at Rs 98.61 per litre while diesel is trading at Rs 89.87 per litre
Nitin Gadkari justified the hikes in fuel prices, thrice in the last four days, saying the oil prices had gone up within the international market owing to the ongoing Russia-Ukraine war
Belgium's PM that European leaders would discuss measures to reduce the impact of high energy prices on consumers as the war in Ukraine was "ruining" the EU's population
The RBI has decided to review the business models of payment aggregators in view of a spate of frauds hitting customers.
In Mumbai, the rate of petrol increased by 84 paise today, selling at Rs 112.51 per litre
The move will affect more than 72 lakh domestic households.
Petrol and diesel are costliest in Mumbai at Rs 111.67 and Rs 95.85 a litre, respectively.