Page 7 - Fuel Prices

Markets are not fully pricing in fuel-led inflation yet, say analysts

Retail prices of petrol and diesel had been on a freeze since October 2021 when crude oil prices were hovering around $80 a barrel

Are the markets pricing in fuel-led inflation?

IT stocks helped benchmark indices rebound into positive zone yesterday. But, how will the markets behave over the next few days against the backdrop of the rise in fuel prices? Let's find out

Sonia Gandhi leads opposition protest in LS against rising fuel prices

The Congress president continued to sit in the House even after the Question Hour

Japan PM Kishida to consider new stimulus to ease fuel spike blow: Report

Nikkei newspaper reports the government will likely tap 5.5 trillion yen ($45.41 billion) in reserves set aside under the fiscal 2022 budget.

Petrol, diesel prices hiked by 80 paise a litre for second day in a row

Petrol and diesel prices on Wednesday were hiked by 80 paise a litre each for the second day in a row since the ending of an over four-and-half month hiatus in rate revision. Petrol in Delhi will now cost Rs 97.01 per litre as against Rs 96.21 previously while diesel rate has gone up from Rs 87.47 per litre to Rs 88.27, according to a price notification of state fuel retailers. A record 137-day hiatus in rate revision ended on March 22 with an 80 paise per litre increase in rates. Prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab - a period during which the cost of raw material (crude oil) soared by USD 30 per barrel. Oil companies are now recouping the losses. According to CRISIL Research, a hike of Rs 15-20 per litre is required to fully pass the increase in international oil prices. India is 85 per cent dependent on imports to meet its oil needs.

Petrol and diesel prices hiked for first time in over four months

Up 80 paise a litre; domestic gas cylinder now dearer by Rs 50

Will petrol, diesel price hike set OMC stocks on fire? What charts suggest

Except IOC, which managed to hold 200-DMA, other stocks are in no mood to conquer their respective hurdles yet, technical charts indicate

Disruptions return? Opposition walks out over fuel price hike

Members of the Congress, Trinamool Congress, Dravida Munnetra Kazhagam (DMK), Nationalist Congress Party (NCP), and Left parties raised slogans against the move

Centre didn't take steps due to elections: Pawar on fuel price rise

NCP chief Sharad Pawar on Tuesday said the Centre did not take timely steps to check the prices of petrol and diesel due to elections in five states.

Sensex rebounds 1,059 pts from day's low, ends 697 pts up; RIL leaps 2.5%

CLOSING BELL: Tech M, Tata Motors, BPCL, ITC, JSW Steel, PowerGrid, Bajaj Auto, Infosys, TCS, Bajaj Finserv, Bharti Airtel, Wipro and IndusInd Bank were the other gainers

NCP, Congress criticise Centre for fuel price hike amid discounted rates

What was the need to increase the price of cooking gas when you (the Centre) have already imported lakhs of barrels of crude oil at highly discounted rates from Russia, NCP spokesperson asked

Congress flays Modi govt over fuel price hike after 11 days of poll results

While the LPG prices have been hiked by Rs 50 per cylinder, petrol and diesel rates have gone up by 80 paise

Crisis-hit Sri Lanka sends military personnel to oversee fuel distribution

Sri Lanka ordered its military to post soldiers at hundreds of gas stations on Tuesday, to help distribute fuel after a sudden rise in prices of key commodities

Petrol, diesel price up 80 paise a litre; Rs 50 hike in LPG rates: Reports

Petrol and diesel prices were hiked by 80 paise a litre each while domestic cooking gas prices were increased by Rs 50 per cylinder, sources said.

Diesel price for bulk users hiked Rs 25/litre; pvt retailers fear closure

The price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40% rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said

Top Headlines: Oyo rejigs top brass; immediate fuel price hike unlikely

IPO-bound Oyo on Thursday announced a major rejig in top management and appointed a new CEO of its India business

Global fuel subsidies ramped up to counter energy price spike: Report

Countries have announced fuel subsidies to cushion consumers from the impact of soaring energy prices after oil skyrocketed last week to 14-year highs.

Fuel prices will need to be raised by 15% to reflect int'l crude prices

Retail fuel prices have not been marked to market for a few months and should be increased by around 15% to reflect current international crude prices, Morgan Stanley said in a report.

Crude prices risk can be treated as supply shock: RBI deputy governor Patra

Michael Patra adds that while geopolitical fallout is being assessed, it is reasonable to treat it as a supply shock at this stage in setting monetary policy

Airlines send out SOS as loans dry up, fuel prices hit record high

Companies have sought government intervention to get banks to lend working capital