The opposition started raising slogans against the government over the price rise and hike in the petroleum prices
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KTR, as the state minister is popularly known, claimed that fuel prices can be lowered by at least 30 per cent if the Central government does away with cesses
Freight rates on grand trunk routes have shot up 3-4 per cent month-on-month in the past few days, according to the Indian Foundation of Transport Research & Training (IFTRT)
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Petrol and diesel prices were on Saturday hiked by 80 paise a litre each, taking the total increase in rates in the last 12 days to Rs 7.20 per litre. Petrol in Delhi will now cost Rs 102.61 per litre as against Rs 101.81 previously, while diesel rates have gone up from Rs 93.07 per litre to Rs 93.87, according to a price notification of state fuel retailers. Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation. This is the 10th increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22. In all, petrol prices have gone up by Rs 7.20 per litre.
This is the sixth increase in CNG prices in the last month. In all, rates have gone up by about Rs 4 per kg
Post hike in retail fuel prices and hopes of higher profitability have led to gains in stocks of oil and gas producers, and distribution companies
Earlier, on March 24, the PNG price was increased by Rs 1/SCM
Consumers are seeking ways to ease the impact of global oil prices, which have soared more than 30% this year.
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Freight rates on grand trunk routes have already shot up by an average 3%-4% month-on-month in the last few days, according to Indian Foundation of Transport Research & Training
Opposition members, including those from the Congress and Trinamool Congress, on Thursday walked out from the Lok Sabha to protest against the continuous hike in fuel prices.
The domestic steel demand is expected to take a hit in the coming quarters due to "very high steel prices" and continuously rising fuel prices, according to industry consultancy SteelMint India.
Congress MPs led by Rahul Gandhi on Thursday staged a protest against the fuel price hike at Vijay Chowk and sought its roll back.
The rates of petrol and diesel in Delhi increased by 80 paise a litre, while in Mumbai, fuel became costlier by 84 paise on Thursday
The Congress on Wednesday slammed the Centre over "unabated" hike in fuel prices and termed it "extortion" by the Modi government.
Petrol and diesel prices were on Wednesday hiked by 80 paise a litre each, taking the total increase in rates in the last nine days to Rs 5.60 per litre.
Petrol price on Tuesday crossed Rs 100 a litre mark after rates were hiked by 80 paise a litre and 70 paise in case of diesel, taking the total increase in rates in one week to Rs 4.80 per litre. Petrol in Delhi will now cost Rs 100.21 per litre as against Rs 99.41 previously while diesel rates have gone up from Rs 90.77 per litre to Rs 91.47, according to a price notification of state fuel retailers. Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation. This is the seventh increase in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22. On the first four occasions, prices were increased by 80 paise a litre - the steepest single-day rise since the daily price revision was introduced in June 2017. On the following days, petrol price went up by 50 paise and 30 paise a litre while diesel rose by 55 paise and 35 paise a litre. In all, petrol and diesel prices have gone up by Rs 4.8
Sitharaman said the government is taking various steps in response to the rise in global oil prices