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
Here's a selection of Business Standard opinion pieces for the day
Roll-back will increase fiscal risks
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
IEA projection of rising demand for oil adds to New Delhi's worry
Here's a selection of Business Standard opinion pieces for the day
Fuel prices were hiked again after a two-day pause
With the Centre increasing reliance on tax revenue from oil, the inclusion of petrol and diesel under GST can be problematic
In Chennai, petrol remained unchanged to sell at Rs 92.59. Diesel was retailing at Rs 85.98 in the city
It's foolish not to tax things the demand for which is inelastic. This was the reason why salt used to be taxed till Gandhiji opposed it and the salt tax was abolished after independence
Gandhi on Sunday asked Prime Minister Narendra Modi not to blame previous governments for rising prices but find a "solution" as she termed the fuel price hike a "brazen act of profiteering"
Petrol price on Saturday touched an all-time high of Rs 97 per litre in Mumbai while diesel rate crossed Rs 88 -mark
The Finance Minister said it is a matter for which the Centre and state governments need to work together and see whether there is a way to fix the issue
The Congress in Madhya Pradesh is observing a half-day statewide 'bandh' on Saturday to protest against the rising petrol and diesel prices.
Rajasthan Chief Minister Ashok Gehlot on Saturday said fuel prices have been increasing for 11 days and the common man is suffering as a result of "wrong" economic policies of the Centre.
Private players struggle against excessive regulation. The result is loss of investment and employment opportunities in India
Petrol and diesel prices are revised on a daily basis in line with benchmark international price and foreign exchange rates
Maha Congress chief Nana Patole asked why Bollywood celebrities, including actors Amitabh Bachchan and Akshay Kumar, who had tweeted about high fuel prices during the UPA regime were quiet now
Petrol price in Mumbai stood at Rs 96 on Wednesday as compared with Rs 95.75 yesterday
Petrol prices in Mumbai stood at Rs 95.75 on Tuesday as compared with Rs 95.46 yesterday. One litre of diesel will cost Rs 86.72 in the city