Petrol

Fuel price hike impact: 'Rupee depreciation to trigger more FPI outflows'

If crude prices remain elevated for an extended period, trade and CAD will further widen, impacting the rupee more. The rupee might depreciate to 100, and trigger more FPI outflows.

Rajasthan fuel dealers allege curbs on petrol, diesel sales at pumps

Petrol pump dealers in Rajasthan have alleged that oil marketing companies have reduced fuel supplies to retail outlets and imposed informal limits on sale of petrol and diesel to consumers. They warned that the move could lead to law and order problems at fuel stations. In a representation submitted to oil companies on Thursday, Rajasthan Petroleum Dealers Association said dealers were being informed through mobile messages and verbal instructions to restrict fuel sales to individual consumers. According to the association general secretary Shashank Korani, Indian Oil Corporation Ltd (IOCL) allegedly directed dealers to limit diesel sales up to Rs 50,000 and petrol sales up to Rs 5,000 per consumer, while Bharat Petroleum Corporation Ltd (BPCL) allegedly capped sales at 49 litres of petrol and 200 litres of diesel. Similar restrictions were allegedly communicated by Hindustan Petroleum Corporation Ltd (HPCL), it said. The association alleged that fuel supply to pumps was being ...

Govt says no shortage of fuel day after PM Modi's austerity appeal

A government official said India had sufficient crude inventories and that refinery operations were continuing without disruption

CII seeks phased restoration of fuel excise as crude prices stabilise

Industry body proposes gradual rollback of petrol and diesel duty cuts alongside measures to support MSMEs, energy conservation and supply-chain resilience

Need of hour is to use petro products with restraint, says PM Modi

Prime Minister Narendra Modi on Sunday said that the need of the hour, in the wake of the West Asia crisis, is to use petro products with restraint. Speaking at an event here where he virtually laid the foundation stone and inaugurated development projects worth around Rs 9,400 crore in Telangana, he said the imported petro products should be used only as per need, as it will not only save foreign exchange but also reduce the adverse impact of war. Observing that, over the past few years, India has reached a spot among the top countries in the world in terms of solar power, he said, unprecedented work has been done in ethanol blending in petrol. First, the government is focused on 100 per cent LPG coverage, and now, it is focused on the supply of piped gas economically. The government is also promoting a CNG-based system. Due to all these efforts, India is dealing with the major energy crisis in the world, he said. "But, today, the need of the hour is also to use petrol, gas, dies

Centre proposes E85, E100 in petrol: What it means for consumers and automakers | Ethanol fuel

The Ministry of Road Transport and Highways plans to widen emission testing standards for flex-fuel vehicles that can run on 100 per cent ethanol (E100), in a bid to boost production of such vehicles.

Auto sector pushes for trials ahead of E25 move over vehicle concerns

The issue has figured prominently in recent internal deliberations in the automotive industry, Business Standard has learnt

Diesel export duty at ₹23/l, ATF at ₹33/l; petrol stays nil: Govt

There is no change in excise duty on petrol and diesel meant for domestic consumption

Government eyes E85 fuel rollout, but is India ready for the shift?

Reports suggest the government may soon notify E85 fuel rules as India eyes higher ethanol blends, but experts flag gaps in vehicle readiness, infrastructure, pricing, and transition timelines

Datanomics: Excise duty maths likely to skew if fuel duty cuts stay

Prolonged fuel duty cuts could derail FY27 excise projections, with petroleum taxes - a key revenue pillar - facing a potential ₹1.32 trillion hit

West Asia conflict: Govt steps in to shield OMCs via big duty cuts

Move to cost exchequer ₹1.3 trn in FY27; export duty reimposed

Why India cut fuel excise duty now and what it means for petrol prices

India's excise duty cut on petrol, diesel comes amid rising global oil risks linked to West Asia tensions; here's why the move matters, how fuel prices are calculated, and what it means for consumers

Govt cuts excise duties on petrol, diesel by ₹10/litre each amid Iran war

The move comes against the backdrop of a global energy crisis triggered by the US-Israel conflict with Iran and Tehran's blockade of the Strait of Hormuz

IOC, BPCL, HPCL shares react as govt trims excise duty on petrol, diesel

The government has reduced the excise duties on petrol and diesel by ₹10 per litre each, bringing them down to ₹3 per litre of petrol and zero per litre of diesel

Nayara raises petrol by ₹5, diesel by ₹3 amid crude supply disruptions

Nayara Energy has raised petrol and diesel prices amid crude supply disruptions, becoming the first company to hike non-branded fuel rates in India

Nayara Energy hikes petrol price by ₹5 per litre, diesel by ₹3 amid war

Nayara Energy, India's largest private fuel retailer, on Thursday raised petrol prices by Rs 5 per litre and diesel by Rs 3 a litre, passing on part of the recent surge in global oil prices following the war in the Middle East, sources said. Fuel marketing companies in India have been under strain as retail petrol and diesel prices remained frozen despite a nearly 50 per cent surge in international oil prices since February 28, when the United States and Israel launched military strikes against Iran, triggering sweeping retaliation from Tehran. Nayara Energy, which operates 6,967 of India's 102,075 petrol pumps, has decided to pass on part of the increase in input costs to consumers, two sources with direct knowledge of the matter said. A company spokesperson did not immediately offer any comment on the story. Jio-bp, the fuel retailing joint venture of Reliance Industries and BP Plc that owns 2,185 outlets, has, however, so far not raised prices despite incurring heavy losses on s

Govt says no shortage of petrol, diesel, urges public to avoid panic buying

The government on Wednesday said there is no shortage of petrol, diesel or LPG in the country, and urged citizens not to believe rumours circulating on social media or resort to panic buying. LPG supplies remain affected due to the ongoing disruption in the Strait of Hormuz. In a media briefing, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said all refineries are operating at high capacity with "adequate crude inventories", while "sufficient stocks of petrol and diesel are being maintained" and retail outlets are functioning normally nationwide. "Don't believe in rumours. We have adequate fuel stocks and the government is making all efforts to reach them to consumers," she said. She said "panic buying was reported in some areas due to rumours", leading to unusually high sales and crowding at petrol pumps, even though "adequate stocks of petrol and diesel are available at all petrol pumps". "There are enough stock of petrol and diesel and there is no

Gujarat govt assures adequate fuel supply in state, warns against hoarding

The Gujarat government on Wednesday said there is no shortage of fuel in the state despite the ongoing crisis in West Asia, and warned of strict action against hoarding and attempts to create artificial scarcity. The recent long queues at fuel stations were the fallout of panic buying triggered by rumours rather than any actual shortage, said Energy and Petrochemicals Minister Rushikesh Patel in the legislative assembly, pushing for PNG (piped natural gas) adoption. Patel made the statement in the House after BJP members Mahesh Kaswala, Chaitanya Desai and Harshad Patel raised the issue amid concerns over supply of petrol, diesel and cooking gas. "There is no problem anywhere in the entire state regarding petrol and diesel. Adequate steps have been taken to ensure continuous supply to petrol pumps," he said, and urged the public not to believe in rumours. During the recent "panic" triggered by rumours, fuel pumps sold nearly four to five times their normal daily volumes, which itse

Himachal Pradesh Assembly clears Bill to impose cess on petrol, diesel

Himachal Pradesh CM Sukhvinder Singh Sukhu said the fuel cess will provide a dedicated revenue stream to strengthen and effectively implement welfare measures for orphans and widows across the state

Premium petrol prices hiked by ₹2; normal petrol, diesel price unchanged

HPCL raised premium petrol prices by ₹2 per litre, while regular petrol and diesel rates remain unchanged