RBI should not digress from maintaining price stability
Fuel prices in the country have remained steady for three weeks now as softening crude and upcoming assembly elections in a few states have kept Oil companies from revising the retail prices
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
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
At present, an important reason for the large leeway around the inflation target lies in the behaviour of the prices of oil and food, which can push prices more generally
The announcement comes amid record-high fuel prices
Minister of State for Finance Anurag Thakur on Monday said both the Centre and the states need to think about reducing taxes on petrol and diesel
To protest the rising inflation, fuel prices, unemployment, and anarchy in Uttarakhand, the Congress on Sunday took out a protest march against the BJP government in the state.
Food inflation rose to 3.87 per cent from 3.11 per cent over this period.
In Mumbai, petrol price stood at Rs 97.57 per litre--the same since Feb 27
On a monthly basis, demand slipped by 4.6%
The Delhi government is in favour of bringing petrol and diesel under the Goods and Services Tax (GST) regime, Home Minister Satyendar Jain said in the legislative assembly on Wednesday.
Maharashtra Deputy Chief Minister Ajit Pawar on Wednesday demanded that petrol and diesel be brought under the Goods and Services Tax (GST)
The March 5-9 poll of over 50 economists showed retail inflation climbed to 4.83% in February from January's 4.06%
Siddaramaiah claimed the basic value of petrol and diesel per litre is Rs 32.94 and Rs 34.10 respectively
Lok Sabha proceedings were repeatedly adjourned Tuesday
Lok Sabha proceedings were adjourned for the second time on Tuesday till 2 pm amid protests by Opposition members over the rising fuel prices
IndiGo, the country's largest airline, is in talks with Airbus to finalise a deal to acquire up to five A321 converted freighters amid a burgeoning air cargo market
It appears that the Centre has informally conveyed to the three major OMCs to not revise fuel prices for the time being, two people in the government said