Nearly 30 per cent of petrol pumps in Delhi and about 100 in Mumbai went without petrol and diesel, while there is a minimum 7-day wait period for delivery of domestic LPG gas. Meanwhile, after Delhi and Assam, Gujarat, Rajasthan, Uttar Pradesh and Maharashtra invoked ESMA to ensure uninterrupted fuel supplies.
With this increase, diesel prices have touched a record high while petrol is at a 56-month peak.
The basket of crude oil that India buys has hit a decade high of $121 per barrel, but retail selling prices of petrol and diesel continue to remain frozen. The Indian basket on June 9 touched $121.28, matching levels seen in February/March 2012, according to data available from the oil ministry's Petroleum Planning and Analysis Cell (PPAC). As per the PPAC, the Indian basket of crude oil averaged $111.86 per barrel between February 25 and March 29 - the immediate period after Russia's invasion of Ukraine sent oil on fire.
Petrol and diesel are among the 90-plus commodities that have been approved by the government for derivatives trading
The juvenile was nabbed by police in the late hours on the same day.
The iCNG version of the Tata Nexon is quick, safe, eco-friendly, and it is affordable too, notes Rajesh Karkera/Rediff.com.
The strike by the oil company executives under the umbrella of the Oil Sector Officers Association has brought the country to a grinding halt with over 90 per cent of petrol pumps across the country running dry.
People in Bhopal, Indore and Jabalpur woke up to a quieter outdoor and deserted streets on Sunday as the coronavirus-triggered lockdown came into force in these three cities of Madhya Pradesh.
The Rajya Sabha on Monday witnessed uproar over the steep Rs 2.35 a litre hike in petrol price and 50 paisa a litre increase in cost of diesel.
In a bid to ramp up anti-COVID-19 vaccination coverage in Maharashtra's Aurangabad district, authorities have ordered impounding of autorickshaws if their drivers are found to have not taken even a single jab.
The chief minister has asked officials for the 'factual status' of the case.
The Red Cross society has not taken kindly to its ubiquitous symbol being used by Indian Oil.
A defence spokesperson said that nine persons were stranded on the terrace of a building close to the Ulhas river near Kalyan.
Eight people, including a child, were charred to death in their SUV after it was hit by an oncoming truck and caught fire in Bareilly district of Uttar Pradesh, police said on Sunday.
We asked you to share tips, suggestions and stories of how you are preventing coronavirus.
Hindustan Petroleum Corporation Ltd will invest over Rs 900 crore (Rs 9 billion) on expansion and modernisation of its retail network in 2006-07, Petroleum Minister Murli Deora said on Tuesday.
Just as the children reached a petrol pump, Abhishek was hit by a white SUV belonging to Dwivedi, the police said quoting the complaint.
In the backdrop of the crisis brewing at Paytm Payments Bank, major fintech companies are ramping up their workforce and inducting new faces in their leadership teams, industry sources said on Wednesday. Users will not be able to add funds to their Paytm Payments Bank Wallet after February 29, though they will still be able to use the services and the existing balance in the wallets, according to the Reserve Bank of India (RBI) diktat. Industry sources said that competitors to Paytm are investing heavily in offline payments while doubling their salesforce.
Royal Dutch/Shell on Thursday said it may set up a petroleum refinery in India, a country to which it attaches highest priority.
Additional director general of police Jammu region Mukesh Singh visited both the sites and said high explosives might have been used in carrying out the blasts which were of the same pattern.
Royal Dutch-Shell has made a come back after nearly three decades in fuel retailing in India, setting up its first petrol pump in Bangalore.
Petrol and diesel sales in India jumped in September as economic activity picked up with the nearing festival season and the ending of the monsoon raised the demand, preliminary industry data showed. Petrol sales soared 13.2 per cent to 2.65 million tonnes in September when compared to 2.34 million tonnes of consumption in the same month last year. Sales were 20.7 per cent higher than Covid-marred September 2020 and 23.3 per cent more than pre-pandemic September 2019.
After the Citizenship (Amendment) Bill was cleared by Parliament, violent protests broke out in Guwahati.
'Primary buyers are commercial taxi and fleet operators and small businessmen.' 'CNG prices have been remarkably stable unlike petrol.'
bp had last year bought 49 per cent stake in the 1,400-odd petrol pumps and 31 aviation turbine fuel stations owned by RIL for $1 billion.
Petrol and diesel prices on Sunday were hiked for the fourth straight day by 35 paise per litre each, pushing pump rates to new record high across the country with states with high incidence of local taxes such as Madhya Pradesh having the costliest fuel. The price of petrol in Delhi rose to its highest-ever level of Rs 109.34 a litre and Rs 115.15 per litre in Mumbai, according to a price notification of state-owned fuel retailers. Diesel now costs Rs 98.07 a litre in Delhi and Rs 106.23 in Mumbai.
RIL, Capgemini, IndiGo among companies which have offered to pay their employees' vaccination cost.
The deployment of the troops and various orders gave rise to the speculations about some major decision in the offing regarding the Jammu and Kashmir's special status.
The ECI on Wednesday directed all petrol pump dealers and other agencies to remove hoardings advertising central government schemes that carry photographs of Prime Minister Narendra Modi from the premises of the facilities within 72 hours, an official said in Kolkata.
A head constable was among four people killed and at least 50 others, including several paramilitary and Delhi Police personnel, were injured as violence spiralled over the amended citizenship law in northeast Delhi on Monday.
International oil prices surged close to $100 a barrel on Tuesday after Russian President Vladimir Putin sent troops into Ukraine, but petrol and diesel prices in India continue to be on freeze and are expected to rise once assembly elections in states like Uttar Pradesh end. Amid fears of supplies being disrupted because of Russian aggression, the price of futures contract for Brent crude oil with April delivery on London's ICE rose by 4.18 per cent to $99.38 per barrel on Tuesday morning, before paring some gains to settle just above $98. The last time Brent exceeded $99 per barrel was in September 2014. Russia makes up for a third of Europe's natural gas and about 10 per cent of global oil production.
Meghalaya Chief Minister Conrad Sangma on Thursday said Union Home Minister Amit Shah has given firm assurances at a meeting held in Delhi of acting on his request for a Central Bureau of Investigation (CBI) probe into the 'firing by Assam Police' along the states' border.
Petrol price on Thursday was cut by Rs 6.07 per litre and diesel price by Rs 11.75 in Delhi as oil companies passed on a record reduction in excise duty rates to consumers. Buckling under pressure, the government had on Wednesday cut excise duty on petrol by Rs 5 per litre and that on diesel by Rs 10 a litre to give reprieve to consumers battered by record high retail fuel prices. Since states charge local sales tax or VAT not just on the base price but also on the excise duty levied by the centre, the total incidence of price reduction is higher.
PESO, an agency entrusted with the responsibility to ensure safety of public and property from petroleum products, said the vehicles used by the firm are not approved by it.
While cancelling the legal tender of 500 and 1,000 notes on November 8, the government had allowed them to be used for utility bill payments for the first 72 hours. This deadline was extended repeatedly and the last extension was granted till December 15.
After premium petrol, the price of normal petrol has also crossed Rs 100 per litre in Rajasthan's Sriganganagar district.
They were shut when PSUs were selling heavily subsidised fuel; will reopen now, buoyed by diesel decontrol
Truck drivers protesting against a provision in the new penal law on hit-and-run road accidents, called off their strike in Nashik district of Maharashtra on Tuesday after the local authorities assured to look into their demands.
An average Indian spends no more than Rs 1.3 lakh per year, according to official statistics. This is close to what an average Indian earns annually. At this level of per capita income today, one litre of petrol costs one-third of an average Indian's daily income (Delhi prices), making it highly unaffordable. People in most other Asian and emerging countries find it more affordable.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances