Fill up the tanks of your cars and scooters before the weekend before petrol prices shoot up.
One litre of petrol now costs Rs 64.76 while the diesel price is Rs 54.70 a litre in Delhi
With Brent crude oil prices dipping below $100 per barrel, petrol prices may be cut by Re 1 a litre and there is also a likelihood of first reduction in diesel rates in seven years.
They are already on a two-day no-purchase strike since yesterday, won't work Sundays and govt holidays
Petrol and diesel prices are likely to be cut by close to Re 1 per litre this weekend on sliding global oil rates.
Amid a shift in mobility trends and people increasingly opting for less polluting energy sources, sales of compressed natural gas (CNG) vehicles increased more than 82 per cent in the past five years. A total of 729,902 CNG vehicles were sold in 2022-23 against 400,825 in 2017-18, according to VAHAN Dashboard. Though the increase in sales of CNG-powered vehicles has been significant, their share in overall vehicle sales remains minuscule as is the case with EVs.
Oil Minister Dharmendra Pradhan said the new timing of the price change was agreeable to the dealers and so daily price revision will be implemented from June 16
Petrol prices on Thursday crossed Rs 73 a litre mark, the highest level since the BJP government came to power in 2014, while diesel touched a record high of Rs 64.11 a litre.
With inflation at peak levels, a further rise in petrol prices would again lead to higher prices.
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.
Petrol, that had in April/May witnessed 11-12 per cent growth in consumption, in fact saw a six per cent fall in demand at 8,02,500 tons in June, oil ministry officials said.
Safety standards are thrown to the wind as government urges consumers to use mobile wallets at petrol pumps, Shine Jacob & Karan Choudhury/Business Standard report from New Delhi.
After today's reduction, petrol price has been cut by Rs 12.27 per litre cumulatively since August.
Notwithstanding the robust turnaround in the financial performance for the June quarter (Q1FY24), stocks of state-run oil marketing companies have been in a downtrend in the last month. The fall comes on a rise in crude oil prices that have surged to a 7-month high of $88 a barrel. A busy political calendar in the months ahead that may see the government keep a lid on auto fuel prices is also a dampener, analysts said. Shares of Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC) have shed 9-11 per cent since their respective earnings announcement between July 26 to August 4.
Oil marketing companies to lose 10 paise on petrol and Rs 6 per litre on diesel from next month.
The fuel delivery scheme mainly targets consumers that buy in bulk.
The retail selling price of petrol at Delhi would come down by Rs 1.82 a litre.
Movement of prices in international oil market and rupee-USD exchange rate will be monitored
A graphic showing how the average prices for petrol and diesel have moved over the last ten years.
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.
What follows is essentially a long scene set in a single location, and you watch in amazement as the scene grows into one of Indian cinema's funniest and most spectacular pieces of sustained craftsmanship, accumulating emotional power and subtext, growing wings and claws, becoming its own beast, applauds Sreehari Nair.
Prices of petrol were reduced 32 times and increased 21 times while diesel prices were slashed 19 times and raised 28 times since 2013.
This is the second hike in diesel price this month.
To promote cashless transactions, the government had waived the Merchant Discount Rate on fuel purchase post demonetisation for consumers. But after the expiry of the 50-day window, the banks have decided to levy MDR on petrol pump owners.
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.
'If petro products are brought into GST, then there will be minor impact on the incidence of tax... and minor impact on prices. The price of petrol, diesel will continue to be driven by global factors'
A series of rises in petrol price following its decontrol on June 25 last year has increased the state governments' earnings from value added tax on petrol by around 21 per cent.
Dozens of Maoist guerrillas in Bihar's Gaya district blew up a petrol pump owned by gangster-turned-politician Bindi Yadav and tried to set ablaze an oil point, tanker and generator room, the police said. Four employees of petrol pump have been missing since the Maoist attack. Police sources said activists of the banned Communist Party of India-Maoist were behind the attack.
It all depends on many kilometres would you clock in a month.
Demand, supply imbalance and taxes influence petrol and diesel prices.
In Dubai, A Ganesh Nadar encountered high speeds on smooth-as-silk-roads, no bureaucracy, gold, Mr Toad's. And snow!
Diesel in Mumbai costs Rs 79.72 per litre at IOC outlets and Rs 79.79 at BPCL outlets.
This will be the sixth consecutive price cut for petrol since August.
The company would roll out the BS-VI range of products and an automatic transmission version of its latest car 'Triber' next year.
The oil companies were making a margin of close to Rs 2 per litre, but considering the impact of rise in gasoline rate and appreciation in rupee, the net available margin may be just around Re 1 per litre.
There are 42 countries where the fuels costs more than India.
In an interview with Ajay Modi & Jyoti Mukul, ONGC chairman R S Sharma says uncertainties continue in the business even after decontrol of petrol prices.
'Will Imran compromise with the army? We are all human beings. We all compromise.'
Petrol price was tonight hiked by about 35 paise per litre in line with firming raw material cost.
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