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
Diesel consumption also faces increasing competition from electric vehicles
Indian Oil has been branded this scheme as 'Fuel @ Doorstep'.
Indian Oil Corp sought up to 80,000 tonnes of 40ppm sulphur diesel for delivery in late December
This is the third increase in rates in petrol in two months, while in the case of diesel, it is the second price reduction this month
Use of diesel for irrigation pumps and generators to be cut, potentially rejuvenating exports of the product
Indian imports were a factor behind the stronger Asian gasoil crack
Shares of Indian Oil Corporation closed at Rs. 407.45, down Rs 1.95, or 0.48%
Post the change in the VAT rate, diesel now costs Rs 50.41 per litre in the national capital as against Rs 50.94 per litre earlier
With restrictions, concerns over pollution and cut in subsidy on the fuel, investment to boost production capacity has come under a cloud
Companies directly affected by it are re-looking at their future strategy and expansion plans for the Indian market
All eyes are on the apex court as the validity of ban on diesel vehicles with 2,000 cc and above ends on March 31, 2016