Page 4 - Fuel Prices

Tresa Motors unveils first electric truck Model V0.1 for global market

The launch aims to showcase Tresa Motors' commitment to transitioning India into a global force commercial vehicle industry

Govt wants petrol & diesel prices slashed; OMCs cite Covid losses

Executives of state-owned firms disagree with view, say they are yet to make up for losses

Transparent pricing

Petrol pump prices need to be reviewed

Renewable energy to rise owing to solar power, high fuel prices: Report

The rollout of solar and wind power installations, which are anticipated to reach 440 gigawatts in 2023, has been boosted by high fossil fuel prices, the report said

India's fuel price paradox: Global prices lower but pump rates still high

Global oil prices have slumped and India has access to larger amounts of discounted Russian crude oil, yet refiners are not passing on their savings to consumers

Petrol, diesel prices remain largely unchanged, check prices in your city

It is important to note that Oil Marketing Companies review and decide the fuel prices every day at 6 am in the morning

Surprise oil output cut by OPEC+ to delay price revision in India

The surprise decision of OPEC and its allies, including Russia, to cut oil output may cause an immediate rise in prices, delaying revision in fuel prices in India, industry sources said. The grouping of Organisation of Petroleum Exporting Countries (OPEC) and its allies, called OPEC+, on Sunday decided to further cut oil output by around 1.16 million barrels. The move led to Brent rising by almost 6 per cent to USD 84.58 per barrel on Monday. This spurt will reverse the softening in rates witnessed in the basket of crude oil that India imports. The Indian basket was hovering in the range of USD 73-74 per barrel for most of the second half of last month and had brightened prospects of a cut in petrol and diesel prices. "Public sector oil companies had been recouping losses they incurred for holding rates when crude oil prices shot through the roof. Last month, international oil prices and retail pump rates had come at par. But now with the prices rising, the difference between cost

Fuel price hike comes into effect, UDF observes 'black day' in Kerala

Opposition Congress-led UDF observed 'black day' on Saturday with protests held against the Left government across Kerala as the state budget's proposal to levy cess on fuel and liquor among other tax hikes came into effect from today. The opposition front also announced that it would stay away from the anniversary celebrations of the second Pinarayi Vijayan dispensation, which begins today, as part of demonstrations against its various "anti-people" policies along with "unjustified and unscientific" budget proposals. Wearing black badges and holding black flags in their hands, several UDF activists took out marches in various panchayats and municipalities. Leader of Opposition V D Satheesan charged that an additional tax burden of Rs 5,000 crore has been imposed upon people because of the "mismanagement" and "negligence" of the state government. Besides the imposition of the fuel cess, power tariff and water tax have also been increased by the government, making the life of common

Pricing pressure

Gas pricing needs a long-term perspective

Europe steps up rollback of Russia energy ties with ban on diesel import

Europe is taking another big step toward cutting its energy ties with Russia, banning imports of diesel fuel and other products made from crude oil in Russian refineries. The European Union ban takes effect February 5 following its embargo on coal and most oil from Russia. The 27-nation bloc is trying to sever its last uses of Russian energy and stop feeding the Kremlin's war chest as the anniversary of the invasion of Ukraine nears. The newest ban has risks: Diesel prices have already jumped since the war started on February 24, and they could rise again for the fuel that is key to the global economy. We're leaving money on the road to provide our services, said Hans-Dieter Sedelmeier of the family-run German bus and travel company Rast Reisen. Most things people buy or eat are transported at some point by trucks, which mostly run on diesel. It also powers farm equipment, city buses and industrial equipment. The higher cost of diesel is built into the price of almost everything, .

Pakistan govt goes for a steep hike in petrol and diesel prices

After the rise, the price of petrol was set at Rs 249.80 per litre

Europe set the bar on Russian gas high enough to leave India unaffected

The impact of the gas price cap on India may, however, be muted as the EU, fearing disruptions to domestic gas supplies in winter, set the bar very high

Tata Power seeks regulator nod to raise tariffs and offset fuel cost surge

A spike in coal prices has increased cost of generation

Six non-BJP ruled states have not reduced VAT on petroleum products: Puri

Six non-BJP ruled states -- West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala and Jharkhand -- have not reduced the VAT on petroleum products, leading to higher prices of petrol and diesel there, Petroleum Minister Hardeep Singh Puri said on Thursday. Puri said in Lok Sabha that the central government has reduced excise duty on petroleum products and some other states, following cues, reduced their Value Added Tax (VAT). Six states -- West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala and Jharkhand -- have not reduced the VAT, he said amidst vocal protests by the opposition members. "Some of them are charging VAT at the rate of Rs 17 and other non-BJP states are charging at Rs 32. So, there is a differential. When the member was saying that today the cost of petrol is Rs 100 per litre in some places -- in some places which are non-BJP states -- and in other states, it is Rs 8-10 cheaper," he said. The minister said, currently the petrol price in India is one of the

Oppn walkout over rising petrol, diesel prices; Puri asks them to cut VAT

Dissatisfied with petroleum minister Hardeep Puri's reply on increasing prices of petrol and diesel, opposition parties staged a walkout from Lok Sabha

Bharat Jodo Yatra democratic voice against PM's 'loot tantra': Rahul Gandhi

Congress leader Rahul Gandhi took a swipe at BJP and questioned the government why the prices of petrol, diesel and gas cylinders have not come down

Rahul slams PM over fuel prices, says Bharat Jodo Yatra voice of loktantra

Congress leader Rahul Gandhi on Saturday attacked Prime Minister Narendra Modi over high prices of petrol, diesel and cooking gas, saying the Bharat Jodo Yatra is the voice of 'loktantra' against his "loot-tantra". The Congress has been attacking the government for not reducing the price of petrol and diesel in the country despite global crude oil prices going down considerably. "Crude oil - 25 per cent cheaper. LPG - 40 per cent cheaper. This is international price data. Despite this, why prices of petrol, diesel and gas cylinder have not been reduced?" Gandhi said in a tweet in Hindi. "Mr. Prime Minister, Bharat Jodo Yatra is the voice of loktantra (democracy) against your 'loot-tantra'. You must answer," he said. Gandhi on Thursday had also attacked the government over the issue of fuel prices, alleging that while the people are suffering from high inflation, the prime minister is busy in recovering money from taxes.

BJP's loot continues even when crude prices fall: Cong on high fuel rates

Congress president Mallikarjun Kharge and Rahul Gandhi on Thursday hit out at the government over high prices of petrol and diesel in the country and said the BJP's "loot" continues even when global crude oil prices were down in the last few months. "On May 16, 2014 (Delhi) - Crude per barrel was USD 107.09. Petrol - Rs 71.51. Diesel - Rs 57.28. On December 1, 2022 - Crude per barrel is USD 87.55. Petrol - Rs 96.72. Diesel - Rs 89.62. Crude is 10-month low, But BJP's Loot remains high!" Kharge said on Twitter. Former Congress president Rahul Gandhi on Thursday said while global crude oil rates have come down by 25 per cent but the government has not reduced a single rupee in petrol and diesel prices in the country. He alleged that while the people are suffering from high inflation, the prime minister is busy in recovering money from taxes. "In the last 6 months, crude oil has become cheaper by more than 25 per cent. Petrol and diesel prices in the country can be reduced by more t

We should see core inflation dipping: RBI MPC member Ashima Goyal

Core inflation is calculated by largely stripping away the volatile components of food and fuel. Goyal was referring to certain products that have linkages with oil prices

Swiggy partners go on strike over wages in Kochi as talks with company fail

Protests gather steam as earnings dwindle and fuel prices surge; some say the earnings have declined by as much as 50%