Page 61 - Fuel Prices

Petrol, diesel prices inching towards century mark: Abhishek Singhvi

I congratulate the prime minister for inching towards the century, said Singhvi

Friends of groom present 5 litres of petrol as wedding gift in Tamil Nadu

Petrol price touched Rs 85.15 per litre in Tamil Nadu, one of the highest in the country

Fuel price: Petrol inches close to Rs 90 in Mumbai after fresh price hike

While Opposition blames union govt for not doing enough check on fuel prices, the latter maintains global crude oil prices and others for causing hike in prices of petroleum products

Petrol touches Rs 82.32 in Delhi with yet another hike, diesel unchanged

Petrol prices saw an increase of 10 paise per litre in New Delhi and in Mumbai petrol prices were hiked by 9 paise per litre

Petrol continues to climb, nears Rs 90 mark in Mumbai, diesel unchanged

In the national capital, petrol was sold at Rs 82.32 per litre, up from Rs 82.22 per litre on Thursday

Petrol prices continue to rise, hits Rs 89.8 in Mumbai, diesel unchanged

The continuous rise in transportation fuel prices has been in tandem with the increase in crude oil prices

No respite as fuel prices rise again, petrol crosses Rs 90-mark in Mumbai

In Mumbai, the petrol price has touched Rs 90.08 per litre, while diesel is being retailed at Rs 78.58 per litre

Govt may control retail fuel prices to cushion inflationary shocks: S&P

With petrol and diesel prices scaling record highs, S&P Global Ratings Monday said the government may opt to control retail fuel prices to cushion inflationary shocks. India imports almost 80 per cent of its crude oil requirements. Rising crude prices and the recent 10 per cent slide in the rupee has translated into higher fuel prices for consumers. "This puts pressure on consumers and results in higher inflation, a sensitive subject, given the impending federal and state elections over the next 12 months," S&P Global Ratings credit analyst Vishal Kulkarni said. "We don't expect any reversion to the subsidy mechanism similar to before 2014 in India, even though the incumbent government may opt to control retail fuel prices, using other means, to cushion the inflationary shocks," Kulkarni added. The US-based agency said it assumes a Brent crude oil price per barrel of USD 70 for the rest of 2018, USD 65 for 2019, and USD 60 for 2020, against the current spot price of almost USD

Runaway fuel prices: To what extent are international oil prices to blame?

Centre is stuck between the devil and the deep blue sea as far as the runaway fuel prices are concerned. Shine Jacob explains the possible options before it and what a cut in the taxes mean for states

Fuel on Fire: Indian states make a killing on taxes as citizens suffer

Only a handful of states reduced sales tax or VAT on petrol as retail fuel prices kept rising across India

Diesel up by 15 paise, petrol up by 13 paise; govt hopes rally is temporary

Diesel prices this week hit their highest level, crossing the previous peak of Rs 69.31 a litre reached on May 29

Combat rise in fuel prices with co-branded cards; all you need to know

By redeeming the reward points and availing of other benefits, you can offset the recent rise in your fuel bills to some extent

IOC says oil PSUs froze fuel prices to avoid consumer pain

Singh however indicated that retail prices will rise if the current trend in international oil prices continues. Karnataka goes to polls on May 12

Time to enforce a cost-plus pricing formula for petrol and diesel

It would be far more relevant to allow oil refiners to price their products based on costs of refining, reasonable rate of return, marketing overheads

Are fuel prices high to pay for bullet train, asks Shiv Sena

During the UPA regime, crude oil prices were 130 dollars a barrel, yet petrol, diesel prices never increased: Sena

High fuel prices to keep gas-based power projects in a bind

Unavailability of natural gas and steep prices of imported LNG is hurting the operations of gas-based power projects in the country. Gas based power generation capacity in the country is 25,300 Mw- the figure is 7.5 per cent of the total installed power capacity. Data by the Central Electricity Authority (CEA) shows over 70 per cent of privately operated gas plant potential is underutilized due to unavailability of natural gas required to fuel them. For the ones operated by Centre or state, the under-utilization is lower at 38-40 per cent. In 2016-17, the gas fired projects operated at a mere 22.51 per cent plant load factor (PLF), producing 49 billion units of electricity."One of the major factors hurting gas based plants is the high price of fuel which is pushing their tariffs to as high as Rs 11-12 per unit of electricity in case of LNG based plants", says an industry report on 'Power- Thermal and Nuclear Energy" released by CARE Ratings.Out of 25,329 Mw of gas-based power plants ..

Daily fuel prices rolled out, but dealers unhappy, shut shop in Karnataka

At least 1000 petrol pumps across 7 districts in Karnataka has shut shop protesting against the move

Private petro firms will also revise fuel prices daily from Friday

Taking a cue from state-run oil marketing companies (OMCs), private sector fuel retailers Reliance Industries, Essar Oil and Shell India are likely to revise motor fuel prices on a daily basis from Friday."Our outlets are already automated and can go live with dynamic pricing any day. As soon as other players shift to a daily pricing regime, we will also," said a senior official from a private sector major, on condition anonymity.As of April 1, by official data, India had 59,595 fuel retail outlets. Of these, close to 54,000 were owned by state-run Indian Oil Corporation (IOC), Hindustan Petroleum Corporation and Bharat Petroleum Corporation. The others are owned by private players."It is a good decision by the government. There might be some teething issues in the beginning but will benefit all stakeholders in the long run," said Lalit Gupta , managing director, Essar Oil. Dealer associations, however, have called for 'no purchase' from Friday. Ajay Bansal, president, All India ...

Oil firms set up system for smooth daily fuel price change

Petrol and diesel prices will be revised daily from June 16 onwards by three OMCs

Daily change in petrol, diesel prices soon; 5-city trial to begin from May

After the initial trial, the impact of the new system will be judged before a national launch