Page 11 - Petrol-diesel Prices

Brace for increase in petrol, diesel prices post assembly elections

Oil companies looking to raise the retail price of the two auto fuels between Rs 2 and Rs 3 per litre in phases

Petrol usage in India jumps 27% to four-month high, shows data

Motor fuel demand rose to 88,380 tons per day last month, the highest level since November last year, according to official data.

OMCs keep petrol and diesel prices unchanged for 5th straight day

Oil marketing companies have kept petrol and diesel prices unchanged for the fifth straight day

Petrol, diesel prices revision unchanged for 4th consecutive day

Oil marketing companies on Saturday continued on the pause mode and decided against revising the petrol and diesel after cutting its retail rates on Tuesday.

Petrol rate cut by 22 paise, diesel by 23 paise as global oil prices soften

Petrol now costs Rs 90.56 per litre in Delhi and a litre of diesel comes for Rs 80.87

Fall in global crude oil prices gives hope for dip in domestic fuel rates

Resultantly, global fears have resurfaced on the slowdown economic recovery due to this wave

Petrol price cut by 21 paise, diesel by 20 paise for second consecutive day

Petrol now costs Rs 90.78 per litre in Delhi and a litre of diesel comes for Rs 81.10

Fuel prices cut for first time in a year ahead of Assembly elections

Reduction, which comes ahead of Assembly elections, may not last as crude oil prices rise with Suez Canal blockage

Fuel prices remain stable for 3 weeks as crude softens, states enter polls

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

Dealing with cost-push inflation

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

Centre, states need to think about reducing taxes on petrol, diesel: Thakur

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

Retail inflation jumps to 3-month high of 5.03% amid rise in fuel prices

Food inflation rose to 3.87 per cent from 3.11 per cent over this period.

India's fuel consumption falls 5% in February over surge in prices

India's fuel consumption fell for the second month in a row in February to its lowest since September as record-high prices hindered demand recovery. Petroleum product consumption fell 4.9 per cent to 17.21 million tonnes in February as demand for both petrol and diesel fell, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas. Petrol and diesel prices across the country rose to their highest levels last month before state-owned fuel retailers put on hold any further price increase ostensibly to contain political fallout for the ruling party in the ensuing assembly elections in states like West Bengal. Diesel, the most used fuel in the country, fell 8.5 per cent to 6.55 million tonnes while petrol consumption was down 6.5 per cent to 2.4 million tonnes. Naphtha sales remained unchanged but the sale of bitumen - used for making roads - was down 11 per cent. Cooking gas LPG sales were up 7.6 per cent. Crude oil suppliers

Petrol stable at Rs 91.17 in New Delhi since two weeks, diesel at Rs 81.47

In Mumbai, petrol price stood at Rs 97.57 per litre--the same since Feb 27

India's February fuel demand falls to five-month low over surge in prices

On a monthly basis, demand slipped by 4.6%

Lok Sabha adjourned till 2 pm amid protests over fuel price hikes

Lok Sabha proceedings were adjourned for the second time on Tuesday till 2 pm amid protests by Opposition members over the rising fuel prices

Ahead of Assembly polls, oil companies hold back price hike in March

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

Best of BS Opinion: Dealing with cyber-attacks, don't cut fuel taxes & more

Here's a selection of Business Standard opinion pieces for the day

Don't cut fuel taxes

Roll-back will increase fiscal risks

Centre, states need to talk to ease load on consumer: FM on fuel price hike

On a separate note, Sitharaman says govt's intent is not to shut down PSUs but it wants pvt sector to infuse more capital and bring operational efficiency