Strong economic data from China and the United States helped lift oil prices by more than 1% on Tuesday, recouping some of the previous session's losses
Petrol now costs Rs 90.56 per litre in Delhi and a litre of diesel comes for Rs 80.87. Rates have been reduced across the country and vary from state to state
Across the country as well the petrol and diesel prices fell with the quantum varying depending on the level of local levies in respective states
The collections on petrol and diesel rose to Rs 2.94 trillion in the first 10 months of the current fiscal
India's fuel demand, except ATF, has returned to pre-Covid levels and a reflating economy will help consumption grow in near future
In Mumbai, the petrol price stood at Rs 97.57 per litre--the same since Feb 27. In Chennai, petrol was at Rs 93.11. Diesel was selling at Rs 86.45 in the city
Prices have stabilised amid an outcry over record-high fuel prices, which have been witnessing an upswing since January
Indian state fuel retailers' diesel sales rose 7.4% in the first fortnight of March from a year earlier to 2.84 million tonnes, preliminary industry data showed
Fuel prices in the country have remained steady for over a fortnight now even though global oil market remains volatile with regular variations in prices
Oil marketing companies kept fuel prices unchanged for the eighth consecutive day across the four metros on Sunday
Sharanjit Singh Dhillon, SAD MLA from the Sahnewal constituency, told ANI that taxes on petrol and diesel are so high that people are unable to afford these items
The rise in the petrol and diesel price has paused for the last couple of days as oil marketing companies have decided to wait and watch the developments on the global oil market
Similarly, in Mumbai, Chennai and Kolkata, the fuel was sold for Rs 97.57, Rs 93.11 and Rs 91.35 a litre respectively
IEA projection of rising demand for oil adds to New Delhi's worry
On Sunday, price of the fuel in Delhi, Mumbai, Chennai and Kolkata was at Rs 90.58, Rs 97.00, Rs 92.59, Rs 91.7 per litre, respectively, unchanged from the previous levels
The Finance Minister said it is a matter for which the Centre and state governments need to work together and see whether there is a way to fix the issue
The government will reduce the VAT for petrol from 31.62 per cent or Rs 17.60 per litre to 20 per cent or Rs 15 per litre
Petrol and diesel prices are revised on a daily basis in line with the change in international crude oil prices
Petrol and diesel prices on Thursday climbed to fresh highs in the country as rates were hiked by the most in recent times, even as fuel retailers said the government can cut taxes to ease burden.
The fuel prices increased close to 35 paise per litre, but the exact amount varied from state to state depending on their local levies