Page 12 - Fuel Prices

Petrol, diesel price up 80 paise a litre; Rs 50 hike in LPG rates: Reports

Petrol and diesel prices were hiked by 80 paise a litre each while domestic cooking gas prices were increased by Rs 50 per cylinder, sources said.

Diesel price for bulk users hiked Rs 25/litre; pvt retailers fear closure

The price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40% rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said

Top Headlines: Oyo rejigs top brass; immediate fuel price hike unlikely

IPO-bound Oyo on Thursday announced a major rejig in top management and appointed a new CEO of its India business

Global fuel subsidies ramped up to counter energy price spike: Report

Countries have announced fuel subsidies to cushion consumers from the impact of soaring energy prices after oil skyrocketed last week to 14-year highs.

Fuel prices will need to be raised by 15% to reflect int'l crude prices

Retail fuel prices have not been marked to market for a few months and should be increased by around 15% to reflect current international crude prices, Morgan Stanley said in a report.

Crude prices risk can be treated as supply shock: RBI deputy governor Patra

Michael Patra adds that while geopolitical fallout is being assessed, it is reasonable to treat it as a supply shock at this stage in setting monetary policy

Airlines send out SOS as loans dry up, fuel prices hit record high

Companies have sought government intervention to get banks to lend working capital

Americans may have reached tipping point with all-time high fuel rate: Poll

The new poll has said that Americans may have reached a tipping point with the national average fuel price at an all-time high of over $4 for one gallon.

Ukraine crisis: Brokerages and rating agencies pare estimates for auto cos

While commodity cost inflation will hurt margins, probable increase in fuel prices can potentially lead to demand deferment across segments, according to Motilal Oswal

Rise in demand, Ukraine crisis: Why fuel prices have soared to record highs

Canadians are returning to office after 2 years of pandemic restrictions, and are being confronted by record-high gasoline prices at the pumps, leaving them wondering: Why is gasoline so expensive?

Petrol, diesel price hike on wait-and-watch mode, CNG rates increased

CNG price in Delhi and adjoining cities on Tuesday was hiked by Rs 0.50 per kg, while an imminent increase in petrol and diesel price is on wait-and-watch mode for more clarity on global oil prices

Ukraine crisis could force govts to step up bloated fossil fuel subsidies

Even before Russia's invasion of Ukraine, rising energy costs had triggered a wave of subsidies despite countries agreeing to rein them in.

Petrol, diesel price hike soon as oil companies prepare to pare losses

Petrol and diesel prices need to be increased by Rs 15 a litre for fuel retailers to break even

Brazil govt appoints Rodolfo Landim as chairman of Petrobras board

Brazil's government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer's board, the company said in a filing on Saturday night

Higher nominal GDP may give Centre a leeway to cut duty on petrol, diesel

Former RBI governor C Rangarajan believes it would be 13 per cent, though his projection came before the war

Will take to streets if fuel prices hiked after assembly elections: Cong

Congress leader Alka Lamba said on the first day of March, milk prices have been raised by Rs 2 each and this has come as a jolt for children and women

Oil shock: Economy will suffer, but less reason to worry than in the past

The fear now is that consumers will take longer to come out of their shell, growth will moderate and full recovery from the effects of the pandemic will be stretched out even longer, writes T N Ninan

Biden, Saudi king discuss energy supplies, West Asia in telephone call

Global crude prices, which have rallied about 20% this year, are likely to surpass $100 a barrel.

Fuel prices come under pressure as Brent crude climbs to $92 a barrel

While India has been reaching out to oil producing nations to raise crude oil and temper the runaway prices, but these efforts have largely been unfruitful

Oil cos likely to absorb Rs 2 per litre excise duty on unblended petrol

Since there is inconsistency in ethanol blending levels across fuel depots, pricing petrol for consumers with the Rs 2 variation on some days is tricky