Only one petrol pump has stock but it will supply petrol and diesel only to school buses and school vans, official sources said.
Petrol currently costs Rs 72.51 per litre in Delhi.
The price reduction will be effective midnight tonight, announced Indian Oil Corp
Petrol pumps across the country will shut shop on Monday to demand increase in commission on sale of petrol and diesel.
Petrol prices in India are amongst the highest in the world.
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.
Oil companies on Wednesday slashed petrol and diesel prices by Rs 2, with effect from midnight tonight.
The new vehicle is available at all BMW dealerships.
The state has not touched diesel prices, fearing losing revenue to neighbouring states
To highlight alleged misgovernance by the present regime, its first nationwide campaign ahead of the 2024 parliamentary elections.
The International Monetary Fund (IMF) warned on Tuesday that India's general government debt (comprising both central and state government debt) could exceed 100 per cent of gross domestic product (GDP) in the medium term. It also cautioned that long-term debt sustainability risks are high due to the significant investment required to meet India's climate change mitigation targets. The Indian government, however, disagreed, arguing that risks from sovereign debt are extremely limited as it is predominantly denominated in domestic currency.
The increases, which follow similar hikes in mid-November, seek to take advantage of a slump in world oil prices to shore up government revenues without stoking inflation.
This increase excludes local levies. The actual hike after considering VAT would be Rs 2.84 per litre in Delhi for petrol and Rs 2.11 for diesel.
Petroleum Minister Murli Deora on Saturday said the government is considering to prices of petroleum products in the next few days.
State-owned oil firms may hike petrol price by about Rs 0.50 per litre from June 16 as last month's steep increase in rates is not enough to cover the cost of raw material (crude oil).
Both TMC and CPI-M today walked out from Rajya Sabha opposing fuel price hike.
The Union Cabinet is believed to have approved a 'moderate' increase in the price of petrol and diesel in view of the surge in international crude prices.
This is the third reduction in rates in one month.
The Sikkim Government has confirmed that 14 people have died so far in the flash floods that occurred in Sikkim in the early hours of Wednesday.
The decision was taken at a FAMPEDA meeting held in Mumbai on Friday, comprising of all district level functionaries of the Federation.
Petrol price was on Monday hiked by Rs 2.19 a litre and diesel by 98 paise per litre.
In a marginal relief to consumers, IndianOil, the biggest oil marketing company, has cut petrol prices by Rs 0.56 per litre with effect from midnight today.
'Nobody wants to run an exploitation factory.'
While petrol prices are de-controlled, diesel prices are partially deregulated.
On Friday govt increased the petrol price by Rs 1.40 a litre.
Let's see what the Indian car market has to offer in the diesel car section.
Excise duty on petrol will remain at Rs 14.35 a litre and diesel at Rs 4.60 per litre.
Petrol price has been hiked by Rs 1.82 a litre, excluding taxes, with effect from midnight tonight.
State-owned oil firms are losing Rs 1.32 a litre on petrol as international oil rates have firmed up during the last two weeks.
Congress said ATF prices have been reduced by 31% while petrol only 16%.
Indian Oil Corporation, the nation's largest fuel retailer, is likely to hike petrol prices by Rs 0.33 per litre from Tuesday. IOC Chairman B M Bansal said international crude oil prices have risen since the last price revision, necessitating an increase in domestic retail prices.
The rising goods and services tax (GST) and personal income-tax collections may bolster the Narendra Modi government's ability to announce new schemes or enhance existing ones.
Between April-June 2016-17, the additional excise duty mop up on these two products stood at Rs 17,692 crore.
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