HPCL's latest tender is for 30,000 tonnes of petrol scheduled for Oct. 5-8 arrival at Vizag and offers are to be submitted by Aug. 28
Petrol in the national capital costs Rs 71.84 per litre and diesel is priced at Rs 65.11 a litre, according to daily price notification of Indian Oil Corp (IOC), the country's largest oil firm
The hike is likely to earn Rs 250 to 300 crore to the state exchequer
Govt aims to improve fuel access; petrol, diesel to be sold in supermarkets
Removing barriers may also lead to the entry of more players like French major Total SA into India's petroleum retail segment
Revised standards will improve the environment, reduce respiratory problems due to reduction in permissible sulphur content
From tomorrow, the rates will be revised in sync with any movement in international oil rates
Fuel consumption in May stood at 17.79 million tons
State-run oil marketers will roll out a dynamic fuel pricing pilot project from May 1
Daily price change will remove big leaps in rates that need to be effected at end of fortnight
Rates were last revised on Jan 16 when price of petrol went up by 54 paise and diesel by Rs 1.2
Excise levy on petrol earned Rs 64,509 crore and while that on diesel garnered Rs 1,37,426 crore
TN Petroleum Dealers Association protested price hikes as it will affect all sections of society
Energy consumption cannot grow at current pace, say experts
Rates were last hiked on December 16
Petrol in Delhi will cost Rs 65.93 a litre from midnight tonight and a litre of diesel will cost Rs 54.71
AIPDA wants govt to sort problems related to ethanol bleeding, adoption of proper blending methodology
The rule will be applicable to tourists as well
Prior to the three reductions in July, rates had been raised on four occasions since May 1
This is the second reduction in rates this month