Page 19 - Fuel Prices

Petrol price cut by 15 paise in national capital after 3-day hiatus

Oil marketing companies reduced petrol prices in the key metro cities after keeping them unchanged for three consecutive days.

Bigger firms pass on surging input costs to consumers, smaller ones stuck

Smaller manufacturers are resorting to cuts in the wage bill to keep afloat, as the demand situation in the economy remains low

Will discuss rising fuel prices with FM, says Karnataka CM Basavaraj Bommai

Karnataka Chief Minister Basavaraj S Bommai on Thursday said he would discuss with the Union Finance Minister Nirmala Sitharaman the issue of rising retail fuel prices

India's gasoline demand seen hitting record as Covid-19 curbs ease

Annual passenger vehicle sales in India rose by 45% to 264,442 units in July, driven by pent-up demand, according to data from the Society of Indian Automobile Manufacturers.

Govt earned Rs 23 trn by increasing fuel, gas prices in last 7 years: Rahul

Congress leader Rahul Gandhi on Wednesday slammed the government over the rising price of domestic cooking gas, diesel and petrol

OMCs slash fuel prices by 15 paise per litre after a week's break

Fuel consumers have finally been given some relief with oil marketing companies on Wednesday reducing the pump price of petrol and diesel after keeping it static for the past seven days

Oil marketing firms keep petrol, diesel retail prices unchanged for a week

Even with crude bouncing back over $73 a barrel, the Oil marketing companies have spared consumers any further hike in petrol and diesel prices

Dim days for Ujjwala: High global prices ring death knell for LPG scheme

Sector watchers say budgetary allocations for LPG subsidy may soon vanish, going the way of kerosene subsidy in the Budget 2021

Petrol, diesel prices unchanged across metros for fifth straight day

Oil marketing companies (OMC) kept petrol and diesel prices unchanged on Sunday.

BS Number Wise: The name's bond, oil bond!

Do you think the government will bite the bullet and cut excise duties?

People to get some relief in coming months: Hardeep Puri on fuel price rise

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday, asserting that people will get some relief in the coming months

BJP MP Pragya dubs fuel price rise-inflation talk as Congress 'propaganda'

Pragya Singh Thakur, the BJP Lok Sabha MP from Bhopal, on Tuesday dismissed the talk about rise in the prices of petrol and diesel and inflation as nothing, but a "propaganda" on part of the Congress. She was speaking at a function of the Bhopal Municipal Corporation where Madhya Pradesh Chief Minister Shivraj Singh Chouhan virtually inaugurated a pump house as well as flagged off new civic buses. "Jo yeh log propaganda karte hai ki diesel mahanga, petrol mahanga. Ye mahangai kuchh aur nahi hai, ye Congressiyon ki mansikta hai, fokat ka propaganda hai (These people spread propaganda that diesel and petrol have become expensive. This inflation is nothing else but the mindset of the Congress and merely propaganda), Thakur said. During her address at the event, she also hailed the CM for introducing pollution-free vehicles in the state capital, reminiscing that earlier handkerchiefs used to cover the face during autorickshaw rides would get blackened with grime and dust generated durin

Fuel paradox: 6 more pvt players on cards, but price reins still with govt

Setting of retail prices, frequency with which they change and government increasing taxes when global prices are low all put a question mark on so-called market-linked pricing mechanism

Petrol price cut by 20 paise a litre, first reduction in over a month

Petrol and diesel prices were cut by 20 paisa per litre each on Sunday - the first reduction in petrol rate in over a month, and the fourth in case of diesel in less than a week

Diesel price cut by 20 paisa for second consecutive day, petrol unchanged

After the price revision, diesel sold at Rs 89.47 a litre in the national capital, 40 paisa lower than the record high of Rs 89.87 a litre

High fuel prices shifting demand for diesel models: Hyundai official

Leading automaker Hyundai India on Wednesday said that skyrocketing prices of fuel in the country is increasing the demand for diesel models for the company. Director (sales and marketing) of Hyundai India Tarun Garg said diesel models are 30 per cent more fuel-efficient than the petrol versions which is causing the rise in demand in favour of the former. Speaking to reporters at Domjur in Howrah district, Garg said "Hyundai is concerned about the rise in fuel prices. But since diesel models are 30 per cent more fuel-efficient than petrol versions, there is a hike in demand for the former". He said though 2021 faced the second wave of the pandemic, sales are now back to normal to pre-Covid levels. However, the company is wary of a possible third wave, the official said Garg said that demand for SUVs is going up and Hyundai's share of this category to overall sales is 47 per cent. According to him, Hyundai's market share last year was 17.4 per cent, the highest ever in the company

Transparent pricing

Govt should explain the fuel tax rationale

Diesel price rise blows Rs 700 crore hole for Coal India in Q1FY22

Mining major Coal India suffered losses to the tune of Rs 700 crore in the April-June quarter owing to a sharp rise in diesel prices, a top company official said

Tech View: Can high fuel prices, weak crude spark a rally in OMCs?

OMC shares traded mixed with HPCL and IOC down 1 per cent and BPCL marginally in the green

FM Sitharaman rules out cut in excise duty on petrol, diesel, for now

Govt burdened by interest payments being made for oil bond floated by UPA, says FM