Petrol and diesel will now cost Rs Rs 78.88/litre and Rs 77.67/litre respectively in Delhi
In seven hikes, petrol price has been raised by Rs 3.9 per litre and diesel by Rs 4. Price rise could continue for a few more days, as global product prices are firming up with a pick-up in demand
The government on May 6 again raised excise duties by Rs 10 per litre on petrol and Rs 13 per litre on diesel
The fuel consumption is estimated to decline 10-20 per cent during fiscal year 2020-21
The hike in duty has taken away gains from falling global crude oil prices
ATF sales declined by about 92% during the month, showed provisional industry data
No immediate hike, marginal increase likely to be implemented only after lockdown is lifted
Industry officials said this is the biggest ever drop in sales and the first data for the complete lockdown period
Also, aviation turbine fuel (ATF) sales fell by 31.6 per cent as flights got suspended alongside the shutting of businesses and most vehicular traffic going off-road
But diesel's star is starting to fade, with its premium to crude oil recently dropping in trading hubs around the world
Prime Minister Narendra Modi announced a 21-day nationwide lockdown from March 25 in order to contain the spread of novel coronavirus
Petrol is being sold at a rate of Rs 69.63 per litre in Delhi
The fuel prices across the country seem to be stable since past one week due to the coronavirus outbreak
Petrol in Delhi now costs Rs 69.75 per litre, while diesel is priced at Rs 62.44, according to a price notification of state-owned oil firms
Congress senior spokesperson said the government should reduce the rates of petrol, diesel, and LPG by at least 35-40%
Special excise duty on petrol was hiked by Rs 2 to Rs 8 per litre and to Rs 4 in case of diesel
Petrol in Delhi now costs Rs 70.29 per litre and diesel Rs 63.01 a litre
Petrol in Delhi now costs Rs 70.29 a litre and diesel Rs 63.01 a litre; in Chennai, petrol costs Rs 73.02 and diesel Rs 66.48 a litre; in Mumbai, petrol costs Rs 75.99 and diesel Rs 65.97 a litre
India will join the select league of nations using petrol and diesel containing just 10 parts per million of sulphur
Paperless application and grant of licence process for road tankers for transportation of petroleum under the rules has already been launched earlier this month.