Page 12 - Fuel Prices

Selling diesel at Rs 20-25/ltr loss, petrol at Rs 14-18/ltr loss: Retailers

Selling diesel at Rs 20-25 a litre below cost and petrol at Rs 14-18 per litre below cost, an industry body representing private fuel retailers like Jio-bp and Nayara Energy has told the Oil Ministry

Pakistan's weekly inflation rate increases by 3.38% after fuel price hike

Due to the increase in the petroleum prices, the inflation rate measured by the Sensitive Price Index (SPI) in Pakistan increased by 3.38 per cent in comparison to the previous week

Oil slumps 5%, US gasoline price drops 6% as dollar reaches record high

With the Fed expected to keep raising interest rates, open interest in WTI futures on the New York Mercantile Exchange fell on Thursday to its lowest since May 2016

How 15% hike in airfares will impact air travel, tourism and hospitality

At a time when airports are seeing a jump in the traffic, the soaring fuel prices are threatening to skid the airline business off the runway. Find out how hike in airfares could impact travel sector

Pakistan steeply hikes fuel prices up to 29% to secure IMF funding

The new petrol price has been fixed at Rs 233.89 per litre, HSD at Rs 263.31 per litre and kerosene oil at Rs 211.47 per litre.

Already at a record, UK petrol price surges the highest in 17 years

Unleaded petrol jumped by 2.23 pence a liter on Tuesday, the biggest one-day increase since the early 2000s

Petrol prices in Pakistan rise by PKR 60 in a week, hit record levels

The prices of petroleum products in Pakistan have risen by a massive PKR 60 per litre in about a week taking them to record levels

Why Congress-ruled states aren't reducing fuel prices, asks Irani

Union minister Smriti Irani on Saturday questioned why the Congress-ruled states have not been reducing fuel prices further after the Union Government gave relief to consumers last month.

Fuel retailers talking of under-recoveries on petrol, diesel: Puri

With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses, which are as high as Rs 17.1 per litre on petrol

Freight rates in May fall but transporters defer fleet expansion plans

Customers pay less after six months for but transport companies feel the pinch of inflation.

Pakistan inflation climbs to 13.8% in May on rising food and fuel prices

Food prices surged 17.3%, while transport costs surged 31.8%, the data showed

Rising energy prices leave Australia's smaller energy suppliers out in cold

As Australia heads into winter and people switch on their heating, energy costs have spiked due to surging demand, leaving smaller electricity retailers unable to weather price shocks

Petrol pump dealers not to buy from OMCs today to demand higher commission

Petrol Pump Dealers Association said its members in 22 states will join the protest

States gained Rs 49k crore when fuel prices rose, have room to cut VAT: SBI

States gained Rs 49,229 crore from VAT revenue on fuel when oil prices were increasing and will forego Rs 15,021 crore now that excise duty on fuel has been cut, SBI Research said in a report

TN fuel outlets won't buy from OMCs on May 31 in protest against centre

Tamil Nadu Petroleum Dealers Association in a statement said that the reduction in the fuel prices by the Central government led to dealers losing Rs 3 lakh to Rs 15 lakh

Pak PM Sharif announces new relief package for low-income segment

Pakistan PM Shahbaz Sharif has announced a new relief package worth 28 billion PKR ($140 million) per month to mitigate the impact of the increase in the prices of petroleum products

Fuel price hike was necessary to avoid bankruptcy, says Pak PM Shehbaz

Pakistan PM Shehbaz Sharif said his government's move to increase fuel prices was necessary to avoid the country from facing bankruptcy

Pakistan raises fuel prices to meet key condition for IMF bailout

Pakistan raised the cost of gasoline and diesel by 30 rupees a liter each, Finance Minister Miftah Ismail said in a Twitter post

Pakistan govt caves in to IMF, petrol prices increase by one fourth

The Pakistan government increased the rate of petroleum products by 30 PKR per litre, or up to one-fourth of their existing prices, paving the way for reaching a staff-level agreement with IMF

BPCL Q4 net profit declines 82% to Rs 2,131 cr; revenue rises 25%

BPCL and other public sector oil companies held petrol and diesel prices for a record duration despite a surge in the cost of raw materials (crude oil) to a 14-year high