Officials from State-run refiners contend that savings from purchase of Russian oil are used to offset a part of the losses in revenues from selling transport fuels and LPG at State-set rates.
Two days after Andhra Pradesh and Odisha were hit by cyclone Hudhud, 12 districts in Andhra Pradesh remain in darkness. At least 26 people have lost their lives in Andhra Pradesh and three have been reported dead in Odisha while 4 lakh people have been evacuated.
After making it available at petrol pumps, the convenient 5-kg cooking gas (LPG) cylinder will now be available at kirana stores and supermarkets in select cities.
On Sunday morning, the sun shone brightly on vintage cars parked in symmetry on the grounds of ITC Maurya in New Delhi. The owners were making sure the old beauties turned up spick and span for a rally organised by ITC Hotels in partnership with the Heritage Motoring Club of India. The rally would end at ITC Grand Bharat in Gurugram, Haryana, later in the day.
Let's look at inspiring stories of billionaires who were dirt poor once.
Petrol prices have been cut in small doses on 20 occasions.
Daily wage earners and casual low income group workers were the worst affected
The BJP-led government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre.
The company is voluntarily undertaking a recall for WagonR (1 litre) manufactured between November 15, 2018, and October 15, 2019, and Baleno (petrol) manufactured between January 8, 2019, and November 4, 2019, MSI said in a regulatory filing.
Located on Badrinath National Highway (NH-58), residents of Selang said they are scared and the Joshimath crisis has only deepened their fears.
Petrol and diesel sales in the country fell in July over the previous month as the onset of monsoon chipped away demand in some sectors and restricted mobility, preliminary industry data showed. Diesel, the most widely used fuel in the country, saw consumption drop 13.1 per cent to 6.44 million tonnes from 7.39 million tonnes of demand in June. The arrival and intensity of monsoon weigh heavily on diesel demand in the country and consumption traditionally is lower in July-September than in April-June.
As Ayodhya gears up for the consecration ceremony at the Ram temple next month, a set of imposing sun-themed pillars -- 'Surya Stambhs' -- are being installed along a prominent road of the temple town.
Petroleum Minister Murli Deora on Tuesday renewed his plea to the Maharashtra government to cut sales tax on petrol and diesel to give relief to fuel pump dealers, who were losing high volume business to neighbouring states where tax rates were much
The incidents occurred just days ahead of the visit of Union Home Minister Amit Shah starting October 4.
Congress raised strong objection to presence of Modi's photograph in posters of oil companies put up to popularise cooking gas distribution initiative.
'The actual price of petrol is Rs 35 and it jumps to Rs 88 because of government taxes.'
The Health and Family Welfare department had issued a detailed order on Sunday, notifying the lockdown in the whole of Delhi, stipulating various restrictions.
Several BJP-backed state governments have unveiled schemes targeting the poor, women, farmers and students, following the party's setback in the Lok Sabha polls.
A Border Roads Organisation team will be stationed in Joshimath to monitor the yatra on a day-to-day basis and ensure immediate treatment of cracks on roads or any other problem that might arise, the chief minister said.
A day after a group of Congress MLAs met Sachin Pilot, another party legislator on Friday expressed support for the dissident leader as trouble brewed again in Rajasthan's ruling party.
After Delhi, CNG price in Mumbai has been hiked by Rs 1.50 per kg and the rate of cooking gas piped to houses by Re 1 due to rise in input costs. Mahanagar Gas Ltd, which retails CNG to automobiles and piped natural gas to households for cooking purposes in Mumbai and surrounding cities, said the increased prices will come into effect from the intervening night of July 8 and 9.
Goods transporters and petrol dealers association in Maharashtra claimed on Wednesday that they were being denied fuel at petrol pumps which could impact prices of commodities. "Our vehicles across the state are getting only about 70 per cent of the fuel and as a result of which they are being delayed (to reach destinations)," Prakash Gavali, president of the Maharashtra Rajya Truck Tempo Tankers Bus Vahtuk Mahasangh, which represents transporters, said.
The Vedanta group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying the government's stake in Bharat Petroleum Corp Ltd (BPCL).
Reliance Industries, India's largest private fuel retailer, may cut petrol and diesel prices by about Re one per litre on Thursday in step with a fall in international oil prices.
Since August, petrol price has been cumulatively cut by Rs 9.36 per litre.
The ethanol blended with petrol needs to be of 99.99 per cent purity.
The strict curbs, including a curfew from 8 pm till 7 am, and prohibitory orders during the daytime on weekdays came into force from Monday in the state.
The dealers claim that the oil marketing companies -- Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation -- are rationing normal petrol and diesel to their retail outlets. As a result, premium fuels make up almost 50 per cent of the sales of the 410 outlets in Delhi. Oil companies add certain additives to normal petrol and diesel that offer better performance of vehicle engines.
Indian Oil Corporation, the country's largest petroleum product marketer, has already started selling only premium fuels in nearly 25 of the 50 fuel stations it has in Mumbai, and in almost 10 of 50 outlets in Delhi. Bharat Petroleum Corporation and Hindustan Petroleum Corporation are also planning to follow IOC's example.
Reliance Industries Ltd will sell 4.3 million tonnes of petroleum products from its 33 million tonnes Jamnagar refinery in Gujarat to public sector oil retailing companies in 2004-05.
Reliance had shut its 1,432 filling stations in March 2008 after sales dropped to almost nil as it could not match the subsidised price.
'It will cause problems for people who deal in small amounts of cash.' 'I hope it does not cause law and order problems.'
Journalist Chandan Mitra, who passed into the ages on Wednesday night, will be missed for his courage to go against the grain, mourns Dr Sudhir Bisht.
The Export Oriented Unit status of Reliance Industries' Jamnagar refinery in Gujarat has ended, allowing the company to sell petrol and diesel locally including through its 1,432 now-closed petrol pumps.
India's fuel sales surged past pre-pandemic levels in March on twin impact of the economy rebounding from the lifting of pandemic-related restrictions and anticipation of price increases leading to stocking. In the first two weeks of March, dealers, as well as the public, topped up their tanks in anticipation of an increase in prices that had been on hold in the run-up to the elections in states like Uttar Pradesh. While daily price revisions restarted on March 22, the increases were calibrated.
BPCL is a high revenue-earning public-sector undertaking (PSU) and plans to privatise it are completely off the table, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Tuesday after assuming charge of the ministry for the second time. "Why would we divest ourselves of highly successful Maharatnas like BPCL," Puri said, arguing the Centre was not in favour of divesting its stake in oil PSUs.
Earlier, the administration had announced a 24-hour curfew on May 2 and 3 and asked Khargone residents to celebrate the Eid-al-Fitr and Akshaya Tritiya festivals at home.
Ahead of assembly polls in states like Rajasthan and Delhi, Oil Minister M Veerappa Moily on Tuesday said his ministry is mulling withdrawing the order that made it mandatory for state public transport utilities to buy diesel at market price.
Bharatiya Janata Party MP Parvesh Verma, who is accused of making hate speeches, on Saturday said he would give his one-month salary each to the families of the policeman and Intelligence Bureau employee who were killed in the communal violence in northeast Delhi.
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