Page 11 - Petrol-diesel Prices

Fuel prices remain stable for 3 weeks as crude softens, states enter polls

Fuel prices in the country have remained steady for three weeks now as softening crude and upcoming assembly elections in a few states have kept Oil companies from revising the retail prices

Dealing with cost-push inflation

At present, an important reason for the large leeway around the inflation target lies in the behaviour of the prices of oil and food, which can push prices more generally

Centre, states need to think about reducing taxes on petrol, diesel: Thakur

Minister of State for Finance Anurag Thakur on Monday said both the Centre and the states need to think about reducing taxes on petrol and diesel

Retail inflation jumps to 3-month high of 5.03% amid rise in fuel prices

Food inflation rose to 3.87 per cent from 3.11 per cent over this period.

India's fuel consumption falls 5% in February over surge in prices

India's fuel consumption fell for the second month in a row in February to its lowest since September as record-high prices hindered demand recovery. Petroleum product consumption fell 4.9 per cent to 17.21 million tonnes in February as demand for both petrol and diesel fell, according to data from the Petroleum Planning and Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas. Petrol and diesel prices across the country rose to their highest levels last month before state-owned fuel retailers put on hold any further price increase ostensibly to contain political fallout for the ruling party in the ensuing assembly elections in states like West Bengal. Diesel, the most used fuel in the country, fell 8.5 per cent to 6.55 million tonnes while petrol consumption was down 6.5 per cent to 2.4 million tonnes. Naphtha sales remained unchanged but the sale of bitumen - used for making roads - was down 11 per cent. Cooking gas LPG sales were up 7.6 per cent. Crude oil suppliers

Petrol stable at Rs 91.17 in New Delhi since two weeks, diesel at Rs 81.47

In Mumbai, petrol price stood at Rs 97.57 per litre--the same since Feb 27

India's February fuel demand falls to five-month low over surge in prices

On a monthly basis, demand slipped by 4.6%

Lok Sabha adjourned till 2 pm amid protests over fuel price hikes

Lok Sabha proceedings were adjourned for the second time on Tuesday till 2 pm amid protests by Opposition members over the rising fuel prices

Ahead of Assembly polls, oil companies hold back price hike in March

It appears that the Centre has informally conveyed to the three major OMCs to not revise fuel prices for the time being, two people in the government said

Best of BS Opinion: Dealing with cyber-attacks, don't cut fuel taxes & more

Here's a selection of Business Standard opinion pieces for the day

Don't cut fuel taxes

Roll-back will increase fiscal risks

Centre, states need to talk to ease load on consumer: FM on fuel price hike

On a separate note, Sitharaman says govt's intent is not to shut down PSUs but it wants pvt sector to infuse more capital and bring operational efficiency

India urges OPEC to stop crude price spike in scratch-my-back diplomacy

IEA projection of rising demand for oil adds to New Delhi's worry

Best of BS Opinion: Unfriending big tech, oil's new challenge, and more

Here's a selection of Business Standard opinion pieces for the day

Petrol nears Rs 91/litre mark in Delhi, above Rs 97 in Mumbai

Fuel prices were hiked again after a two-day pause

Oil's new challenge for tax reforms

With the Centre increasing reliance on tax revenue from oil, the inclusion of petrol and diesel under GST can be problematic

Petrol price unchanged at Rs 90.58 in New Delhi, diesel at Rs 80.97

In Chennai, petrol remained unchanged to sell at Rs 92.59. Diesel was retailing at Rs 85.98 in the city

Restoration of sound taxation principles should be govt's next big reform

It's foolish not to tax things the demand for which is inelastic. This was the reason why salt used to be taxed till Gandhiji opposed it and the salt tax was abolished after independence

Extortion to cover up economic mismanagement: Sonia to PM on fuel hike

Gandhi on Sunday asked Prime Minister Narendra Modi not to blame previous governments for rising prices but find a "solution" as she termed the fuel price hike a "brazen act of profiteering"

Fuel prices rise for 12th day; petrol at all-time high of Rs 97 in Mumbai

Petrol price on Saturday touched an all-time high of Rs 97 per litre in Mumbai while diesel rate crossed Rs 88 -mark