Petrol and diesel prices across the country will increase by 9-13 paise a litre with effect from Tuesday midnight, after the government decided to increase the commission to petrol pump dealers.
Public sector oil marketing companies currently lose Rs 11.65 per litre on diesel.
The government had in January authorised state-owned oil firms to hike diesel prices by small doses of up to 50 paisa per litre every month.
The new variant Scala RxE extends the Renault diesel portfolio and offers customers a competitive and well-packaged diesel option, Renault India said in a statement.
The government will require poll panel's nod if it decides not to effect a price increase.
It will house the company's first diesel engine developed for markets like India.
Diesel should be sold at market-driven prices, which the Indian automobile industry is demanding for long, only for the luxury players.
Hyundai Motors India, the country's second-largest car firm, launched the diesel version of its top-end sedan Sonata Embera tagged at an introductory price of Rs 14.75 lakh (ex-showroom Delhi).
The innovation was recently conferred the gold medal at the Innovators' Award established by aerospace giant Lockheed Martin Corporation under its India innovation growth programme.
With petrol costs going through the roof, it may not be too long before a diesel suberbike hits the Indian roads.
The company, which started export of its three-wheelers a couple of months back, is also exploring to venture into new markets like Bangladesh, Mexico, Peru and Guatemala.
Diesel price needs to be revised upward, or subjected to higher taxes, as misuse of subsidized diesel was adding to pollution and public health costs, the government's pre-budget economic report card said on Thursday.
Diesel price needs to be revised upward, or subjected to higher taxes, as misuse of subsidized diesel was adding to pollution and public health costs, the government's pre-budget economic report card said on Thursday.
Gadkari said the NDA govt is keen to develop inland waterways in the country.
It is high time that petrol and diesel prices were decontrolled taking advantage of low inflation and global crude prices, the Economic Survey said, while criticising the government for its "imperfect" handling of oil price hike.
The Israel-Hamas conflict is expected to impact the trade of gems and jewellery between India and Israel, exporters said on Monday. Colin Shah, MD, Kama Jewelry, said the war can "adversely" impact Indian exports to Israel. Total gems and jewellery trade between India and Israel stood at $2.04 billion in 2022-23 as against $2.8 billion in 2021-22.
Petrol and diesel will cost Rs 2 a litre less from Wednesday after the first excise duty cut by the Modi government comes into effect.
The government has brought back the windfall profit tax on domestically produced crude oil after international prices firmed up while the levy on export of diesel has been cut to nil, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) is now Rs 6,400 per tonne with effect from Wednesday, the order dated April 18 said. At the last revision on April 4, windfall tax on domestically produced crude oil was cut to nil as international oil prices dipped below $75 per barrel.
The Celerio diesel has a versatile character and won't disappoint in most of the driving situations.
This is the third increase in two months
The comparisons were available for 12 countries.
There will be corresponding price revisions on petrol and diesel in other states on account of change in dealer commission
There is a total of 590,000 private and commercial diesel vehicles registered with Delhi Transport Department and out of them, there are 121,000 commercial vehicles and 161,000 private vehicles including cars, jeep, tractors, which are more than 10 years old
The limited availability of flexible (flex)-fuel vehicles in the Indian market and the slow rollout of ethanol-blended petrol by oil-marketing companies (OMCs) remain major obstacles to achieving widespread use of biofuels in the transportation sector in India. Recently, two Union ministers have emphasised India's biofuel potential, arguing that it has the capacity and potential to lead a transition towards widespread biofuel adoption. Road Transport Minister Nitin Gadkari signalled that this transition is well underway and urged car manufacturers to quickly adapt and introduce new biofuel-run vehicles, lest the government resort to taxing diesel vehicles.
Amid a spate of government proposals at its door, the Election Commission has asked all Union government departments to route their proposals through the Cabinet Secretariat.
Dynamics of auto business will change if the government ends diesel subsidy to passenger vehicles.
With passenger cars consuming about 15 per cent of the diesel, the government on Thursday indicated that it might do away with the subsidy enjoyed by such vehicle owners.
General Motors India Vice President P Balendran termed the decision as a positive move for the overall economy.
For the first time in more than a decade, diesel demand has declined this fiscal as monthly price hikes and increased power generation clipped consumption, Indian Oil Corporation (IOC) Chairman R S Butola said.
A significant number of Indian car buyers opt for diesel variants instead of petrol ones.Let us check the five most searched diesel cars on the internet.
Holding her party would oppose any 'attempt to sell out the country', she claimed that in the past five months, the Centre had done nothing 'good' and that 'Bharatiya Janata Party is only busy beating its own drum in the social media'.
Here is another sign that the economy is slowing. The growth rate of diesel and petrol consumption is down sharply, though it is still in the positive territory.Year-on-year growth in diesel consumption in December 2008 was down to a mere 1.5 per cent as against 10.7 per cent growth in December 2007. Consumption of petrol grew 5.5 per cent in the month compared with 9.5 per cent in December 2007.Preliminary data for January showed that diesel consumption grew only 2 per cent.
The Indian Navy, which was earlier looking towards the US for design expertise, technical know-how and operational practices, is now considering the advantages of working with the Royal Navy.
Till now, the company was selling the Beat in petrol and liquefied petroleum gas variants.
The Kelkar Committee, which was appointed by Finance Ministry to suggest a roadmap for fiscal consolidation, has suggested immediate hike in fuel prices and complete deregulation of diesel prices by start of 2014-15 fiscal.
India's trade account could come under pressure and there could be an inflation push if crude oil prices remain above the $90 per barrel (Brent) for a prolonged period since India imports over 85 per cent of its oil and roughly 50 per cent of its gas. A rebound in economic activity is bound to lead to higher fuel demand. While India is the third-largest importer of crude, it is a net exporter of refined products, which helps to compensate to some degree.
Oil Minister S Jaipal Reddy has written to Finance Minister Pranab Mukherjee demanding a hike in excise duty on diesel cars to make up for subsidised fuel being used in vehicles.
General Motors India is looking to enhance its range of diesel-driven cars as demand for the variant increases due to the price difference with petrol.
The 'black paper', titled '10 saal anyay kaal' also alleged that issues such as rising prices, unemployment, subversion of institutions and farmers' 'distress' had plagued the country.
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