Daily revision will stay and start from June 16, says govt
She termed the government's oil policy irrational and impractical.
He attributed the spike in international oil prices to 'some pipeline turbulence' in Europe and winter demand
At a time when petrol prices are at a three-year high and protests are being staged across the country against it, Union Petroleum minister Dharmendra Pradhan claimed on Saturday that prices have already started falling, and that the fall will would continue. Speaking to the media here at Ahmedabad, Pradhan said "Petrol prices have fallen by a few paise in the last two days... the prices will fall furhter.". Prices have fallen by 10 paise between September 21 to 23, as per the Petroleum Planning & Analysis Cell, operated by the Oil Ministry. Pradhan also said that the recent hurricanes in the US have affected petrol and diesel prices in India. "Government is in favour of bringing petrol and diesel under GST and the GST Council has been asked to consider bringing petroleum products under the Goods and Services Tax regime," he said here adding that a balanced model that ensures that the government gets revenue and that citizens aren't burdened is the need of the hour. The GST ...
The increase in price of petrol and diesel in Delhi is consequent to the increase in Dealer Commission on Petrol and Diesel
Petrol will cost Rs 65.60 per litre in Delhi after the increase while diesel will cost Rs 53.93/litre
The Maharashtra government reduced petrol and diesel prices by Rs 2 and Rs 1 respectively
In Kolkata, Mumbai and Chennai, petrol was sold at Rs 75.13, Rs 80.30 and Rs 75.12 per litre respectively, also at 3-year high
The government has recently taken steps to ringfence the steel industry
Diesel price has increased by Rs 3.67 a litre and now costs Rs 57.03 a litre in Delhi in same period
Petrol in Delhi now costs Rs 71.14 a litre as against Rs 65.93 in end November
After the hike, petrol in Delhi will cost Rs 68.94 per litre from midnight tonight and a litre of diesel will cost Rs 56.68
Petrol in Delhi currently costs Rs 66.10 a litre and diesel Rs 54.57
In response to global prices and currency fluctuations, the oil marketing companies have decided to lower the prices of petrol and diesel
Petrol price on Saturday was hiked by 89 paise per litre, the sixth increase in rates since September, and diesel by 86 paise a litre, the third increase in a month.The price hike announced by Indian Oil Corp (IOC) is excluding local sales tax or VAT and was effective from Saturday midnight. After including VAT, petrol in Delhi will cost Rs 67.62 a litre, up Rs 1.17.Similarly, diesel will cost Rs 56.41 a litre after including VAT in Delhi, up Rs 1.03 as compared to Rs 55.38 at present.This is the sixth increase in petrol price since September 1, the last hike being on October 16 by Rs 1.73 a litre. The five previous hikes had totalled Rs 6.36 a litre and after including the latest increase, the price of petrol has gone up by Rs 7.53 per litre in just over two months.In case of diesel this is the third price increase in a month, the previous being of Rs 2.77 per litre on October 16.The three price increases totalled Rs 3.90 a litre.
Indian Oil Corp, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd have reportedly been asked to absorb up to Re 1 a litre hike
In Kolkata, Mumbai and Chennai too, prices climbed to new multi-year highs at Rs 76.78, Rs 81.93 and Rs 76.85 per litre respectively, Indian Oil website said
This is the seventh straight day of petrol price increase since oil PSUs on May 14 resumed daily price revision after a 19-day pre-Karnataka poll hiatus
India is particularly at risk from stronger global prices for crude oil as it is the No.3 importer of the commodity
Petrol and Diesel prices have touched all-time highs as the cost of commuting burns a hole in the common Indian's pockets. Want to know where the fuel prices are the lowest? Catch all updates here