Page 6 - Petrol

PNG price increased by Rs 1, a day after petrol, diesel and LPG rates hiked

The move will affect more than 72 lakh domestic households.

Second hike in two days: Petrol, diesel prices dearer 85 paise each

Petrol and diesel are costliest in Mumbai at Rs 111.67 and Rs 95.85 a litre, respectively.

Petrol, diesel prices hiked by 80 paise a litre for second day in a row

Petrol and diesel prices on Wednesday were hiked by 80 paise a litre each for the second day in a row since the ending of an over four-and-half month hiatus in rate revision. Petrol in Delhi will now cost Rs 97.01 per litre as against Rs 96.21 previously while diesel rate has gone up from Rs 87.47 per litre to Rs 88.27, according to a price notification of state fuel retailers. A record 137-day hiatus in rate revision ended on March 22 with an 80 paise per litre increase in rates. Prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab - a period during which the cost of raw material (crude oil) soared by USD 30 per barrel. Oil companies are now recouping the losses. According to CRISIL Research, a hike of Rs 15-20 per litre is required to fully pass the increase in international oil prices. India is 85 per cent dependent on imports to meet its oil needs.

Petrol and diesel prices hiked for first time in over four months

Up 80 paise a litre; domestic gas cylinder now dearer by Rs 50

EVs to cost same as petrol-run vehicles in two years: Nitin Gadkari

EV sales in India rose 162 per cent in the last year, said MoRTH last week, citing the latest available data.

Petrol, diesel price up 80 paise a litre; Rs 50 hike in LPG rates: Reports

Petrol and diesel prices were hiked by 80 paise a litre each while domestic cooking gas prices were increased by Rs 50 per cylinder, sources said.

Imminent price hike expectation drives petrol, diesel sales in India

India's auto fuel sales surged past pre-pandemic levels in the first half of March as consumers and dealers topped tanks in anticipation of a likely price hike post assembly elections. Petrol sales by state-owned fuel retailers, which control roughly 90 per cent of the market, at 1.23 million tonnes during March 1-15 were nearly 18 per cent higher than the same period last year and 24.4 per cent higher than the period in 2019, preliminary industry data showed. Diesel, mostly-used fuel in the country, saw sales jumping 23.7 per cent year-on-year to 3.53 million tonnes. This was 17.3 per cent higher than sales in March 1-15, 2019. While petrol sales were 24.3 per cent higher than the sales during March 1-15, 2020, diesel sales were up 33.5 per cent over the same reference period. Month-on-month, petrol sales were up 18.8 per cent and diesel sales surged 32.8 per cent. Oil Minister Hardeep Singh Puri had on Monday stated that fuel sales had jumped 20 per cent on comments exhorting pe

Puri slams Rahul Gandhi for 'tank-up' comment, says sales went up 20%

Oil Minister Hardeep Singh Puri on Monday slammed Congress leader Rahul Gandhi for his comments asking consumers to tank up in preparation for an imminent hike in petrol and diesel prices

Petrol, diesel prices set to rise Rs 15-Rs 22 per litre from next week

It is widely expected that the OMCs will revise the current prices on or after March 7, which is the last day of voting in the ongoing state assembly elections

Fill your petrol tanks before 'election offer' ends: Rahul's dig at Centre

Congress leader Rahul Gandhi took a swipe at Modi government over impending fuel price hike after polls and asked people to get their petrol tanks filled as he said "election offer" will end soon.

Top headlines: Grover accused of money laundering; Biden warns Putin

Business Standard brings you the top headlines on Wednesday

Petrol, diesel price hikes likely to restart from next week: Here's why

JPMorgan said for oil marketing companies to revert to normalised marketing margins, retail prices need to increase by Rs 9 a litre or 10%

Petrol, diesel prices lagging by Rs 6-8 a litre in absence of hikes: Report

The agency said a cut in the excise duties to the pre-pandemic levels before the start of the new fiscal year on April 1 will entail a cost of up to Rs 92,000 crore to the exchequer

New levy on unblended petrol and diesel likely to lead to price hike

The Rs 2 per litre additional excise duty proposed on unblended fuels in the Finance Bill will result in a uniform hike of diesel prices across the country from October 1.

9% ethanol blending in petrol achieved; 20% target by 2025: Hardeep Puri

India has achieved 9 per cent ethanol blending in petrol and is confident of meeting the 20 per cent target by 2025, Oil Minister Hardeep Singh Puri said on Thursday.

Petroleum ministry pulls up oil firms for allocation of fewer petrol pumps

The petroleum ministry has asked oil companies to consider revision of dealer margins on Rajasthan HC directive.

Jharkhand's petrol subsidy scheme linked to monthly self-certification

CM Soren to launch scheme on January 26

Covid-19: Petrol, diesel sales fall in January as Omicron spreads

The rapid spread of the Omicron variant of coronavirus has led to the imposition of local restrictions in several parts of the country

ATF price hiked by 4.2%, second increase in Jan as petrol, diesel unchanged

Jet fuel or ATF price was hiked by 4.2 per cent - the second increase in rates this month warranted by firming international oil prices, but petrol and diesel prices remained unchanged

Oil demand recovery in India poised to weather Covid comeback

Over first 10 days of 2022, sales of gasoline and diesel which together make up more than half of India's overall petroleum consumption dipped by 2% to 3% from a year earlier