Petrol costs Rs 69.59 per litre in New Delhi, Rs 72.29 in Kolkata, while in Mumbai, the petrol is priced at Rs 75.30.
Even if the daily price cut on petrol and diesel remains between 15 and 30 paisa till April 1, the marketing margin will remain high at Rs 8-10 per litre.
Petrol now costs Rs 69.59 per litre in Delhi and Rs 72.29 per litre in Kolkata
Additional revenue will help govt meet its FY21 target of bringing down the fiscal deficit to 3.5% of GDP
Petrol now costs Rs 70.14 per litre in Delhi, Rs 75.84 per litre in Mumbai, Rs 72.83 a litre in Kolkata and Rs 72.86 per litre in Chennai after the price cut
Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level
The government gives subsidy for 12 refills of 14 kg cylinder to those to those with annual income of more than Rs 10 lakh.
Petrol currently costs Rs 73.36 per litre in Delhi and diesel is priced at Rs 66.36 a litre
Petrol in Delhi now costs Rs 75.54 per litre--the highest in more than a year--and a litre of diesel comes for Rs 68.51.
BPCL will soon float tenders to seek term contracts for diesel exports
Five straight quarters of slowing growth is taking an increasing toll on demand, resulting in diesel consumption slumping to the lowest since the start of 2017
In the international market, the crude oil registered a fall in its price after a rise in the previous two sessions while the Brent oil continued to trade above $60 per barrel
It pegged volume growth for high speed diesel (HSD) at 14-15 per cent and for petrol at 17 per cent YoY
There are expectations that the largest-ever disruption of crude production in Saudi Arabia may keep oil prices elevated in the near term
Ahead of the BSVI norms that take effect on April 1, 2020, passenger vehicle makers are pulling out all stops to woo the buyers in a bid to beat the price hike of 8-15 per cent on diesel models
The hike is likely to earn Rs 250 to 300 crore to the state exchequer
As per the Ministry of Petroleum and Natural Gas's calculations, the reduction in excise duty will decrease prices of petrol and diesel by Rs 2.50 and Rs 2.25 per litre respectively in New Delhi.