Daily price change will remove big leaps in rates that need to be effected at end of fortnight
Rates were last revised on Jan 16 when price of petrol went up by 54 paise and diesel by Rs 1.2
Excise levy on petrol earned Rs 64,509 crore and while that on diesel garnered Rs 1,37,426 crore
TN Petroleum Dealers Association protested price hikes as it will affect all sections of society
Energy consumption cannot grow at current pace, say experts
Rates were last hiked on December 16
Petrol in Delhi will cost Rs 65.93 a litre from midnight tonight and a litre of diesel will cost Rs 54.71
AIPDA wants govt to sort problems related to ethanol bleeding, adoption of proper blending methodology
The rule will be applicable to tourists as well
Prior to the three reductions in July, rates had been raised on four occasions since May 1
This is the second reduction in rates this month
Petrol, diesel hit record consumption in May
This is the fourth increase in auto fuel prices since May 1
'We had promised in our budget that we will not allow prices in Goa to exceed Rs 60 per litre,' said CM Laxmikant Parsekar
The panel also suggested that private players should be handed short term maintenance works on already developed stretches on operate-maintain-transfer basis
Demand for industrial use is met through cheap import from Brazil and USA
Move aims to align domestic rates of automobile fuels with global benchmarks
Saudi Arabia supplied about 40 MMT of crude to India during 2015-16, accounting for about 20% of total crude imports
Oil marketing companies have agreed to do away with the additional surcharge on products
Cheap oil, strong car sales are expected to open an average annual deficit this year in Asia of 10,000 barrels per day of gasoline