Page 36 - Fuel Prices

Petrol and diesel prices rises for second straight day after 2 months break

Oil marketing companies (OMCs) on Saturday raised the retail price of petrol and diesel for the second consecutive day after a break of almost two months

No change in petrol, diesel rates even as global oil prices soften

Global crude prices have remained around $40 a barrel

No relief for consumers on fuel prices while oil cos jack up margins

Even as consumers continue to pay higher prices for petrol and diesel, country's OMCs are expected to reap in higher margins on sale of the two products substantially improving their profitability

Taxes on fuel set to rise further to mobilise addl revenue for Covid relief

An internal examination to look at duty structure on the two products is on and exact timing of the announcement may be finalised soon, sources indicated

India's September fuel demand posts first monthly gain since June

India's fuel demand in September rose for the first time since June as easing restrictions supported economic activity and travel, but consumption remained weaker than a year earlier

Petrol, diesel prices unchanged, crude oil prices firms after fall

Diesel and petrol prices remained unchanged on Tuesday with oil marketing extending the pause after reducing fuel prices, particularly diesel, for the past several days

CNG gets cheaper by Rs 1.53 a kg in Delhi; piped cooking gas price also lowered

CNG and piped cooking gas price in the national capital and adjoining cities was on Saturday cut in sync with a reduction in natural gas prices. Indraprastha Gas Ltd in a statement said the CNG price in Delhi will be reduced by Rs 1.53 per kg in Delhi and by Rs 1.70 per kg in Noida, Greater Noida and Ghaziabad. The new consumer price of Rs 42.70 per kg in Delhi and Rs 48.38 per kg in Noida, Greater Noida & Ghaziabad would be effective from 6.00 am on October 4, 2020, it said. The revised CNG price in Muzaffarnagar would be Rs 56.55 per kg, in Karnal & Kaithal would be Rs 50.68 per kg, in Rewari & Gurugram would be Rs 53.40 per kg and in district Kanpur would be Rs 59.80 per kg. Along with automobile segment, the benefit of reduction in gas prices has been extended to the household segment also. IGL will cut piped cooking gas (PNG) prices effective October 4 across all cities. The consumer price of PNG to the households in Delhi has been decreased by Rs 1.05 per scm from Rs

Fuel prices remain unchanged across metros after falling for two days

Diesel price remained unchanged across the four metro cities on Saturday after falling for two consecutive days.

Diesel demand seeing degrowth, petrol picking up: Indian Oil Corp

State-run Indian Oil Corporation on Monday said demand for diesel in West Bengal has declined 20 per cent during the current fiscal so far as industries are not fully operational amid Covid-19

Nagaland to withdraw steep Covid-19 cess on petrol, diesel: Minister

The Nagaland government has decided to withdraw the steep COVID-19 cess on petrol and diesel, state minister Neiba Kronu said on Wednesday. The decision was taken at a cabinet meeting at Choumukedima in Dimapur district, he said. Considering the need to give a boost to economic activities and the woes of the people, the decision to rollback the cess was taken, Kronu, who is also the government spokesperson on COVID-19, said. The Nagaland government imposed the COVID-19 cess of Rs 5 per litre on diesel and Rs 6 per litre on petrol and other motor spirits on April 28, amid a crunch in the state's finances in the wake of the lockdown following the COVID-19 outbreak. Opposition parties, tribal bodies, civil society groups and student bodies have been demanding a rollback of the cess. Besides, the Dimapur Naga Students' Union on September 19 had threatened to close down all the petrol pumps in the state if the cess was not withdrawn. The official notification for the roll

Despite fuel price cuts due to Covid-19, OMCs improve net marketing margins

The net marketing margin of OMCs on sale of petrol and diesel has increased to Rs 4 per litre by mid-September from Rs 2.23 per litre earlier as there has been correction in global auto fuel prices

Diesel price dips below Rs 73, petrol rate cut for 2nd time in six months

Diesel price on Saturday fell below Rs 73 a litre mark while petrol saw a second reduction in rates in six months, according to state-owned fuel retailers

Diesel prices now falling, petrol holds steady across the country

The auto fuel seems to have switched sides over revision in rates with diesel prices now beginning to fall while petrol holding steady

RBI steps in with measures to boost demand for bonds, cool down yields

Says it is comfortable with a rising rupee, which helps bring down import-led inflation, adds that it remains "committed to ensuring comfortable liquidity and financing conditions in the economy"

Petrol prices reach Rs 82 per litre in Delhi; diesel rate remains unchanged

In Delhi, petrol was priced at Rs 82.03, higher by 9 paise from Rs 81.94 on Saturday

Petrol prices at Rs 81.94 per litre in 11th hike in 13 days, diesel holds

In the international market, crude price has also remained firm with benchmark Brent crude hovering close to $46 a barrel

Petrol price rise for sixth consecutive day, crude oil prices also rise

Petrol prices have been on the rise for the sixth consecutive day on Tuesday, while diesel held on to its price line that it has maintained since July 30

Petrol prices hiked across metros for 4th straight day: Check prices here

In Kolkata, petrol was sold for Rs 83.01, higher by 14 paise from its previous level of Rs 82.87 per litre

Fuelling jugaad: Indian farmers' hacks threaten demand for diesel

Farmers' exasperation was driven by diesel prices bloated by a fivefold jump in central government taxes over the last five years.

Fuel prices unchanged across cities; petrol at Rs 80.43 per litre in Delhi

Petrol and diesel prices remained unchanged across metro cities on Sunday.