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India basket of crude rose 102% between Oct 2020-Oct 2022

India basket of crude rose 102% between Oct 2020-Oct 2022

🕔21:10, 28.Dec 2022

New Delhi, Dec 28 (IANS) Even as the average price of Indian basket of crude oil increased by 102 per cent (from $43.34 to $87.55) between October 2020 and October 2022, the retail prices of petrol and diesel have increased

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Centre holds review meeting on 12% ethanol blending with petrol for 2022-23

Centre holds review meeting on 12% ethanol blending with petrol for 2022-23

🕔14:19, 27.Dec 2022

New Delhi, Dec 27 (IANS) The Central government plans to achieve 12 per cent ethanol blending with petrol in 2022-23. Top officials from the food and public distribution as well as petroleum ministries held a meeting on Monday to review the

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Prices of Petrol and Diesel have not been increased by public sector OMCs since 6th April 2022, despite record high international prices: Shri Hardeep S. Puri

Prices of Petrol and Diesel have not been increased by public sector OMCs since 6th April 2022, despite record high international prices: Shri Hardeep S. Puri

🕔15:44, 15.Dec 2022

Central Government reduces Central Excise duty twice to insulate Indian consumers from the impact of high international crude oil prices   New Delhi, Dec 15: India imports more than 85% of its crude oil requirements. Therefore, the prices of Petrol and Diesel

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Excise duties on petrol, diesel zoomed up despite crude staying below $80

Excise duties on petrol, diesel zoomed up despite crude staying below $80

🕔11:00, 11.Sep 2022

New Delhi, Sep 11 (IANS) Excise duty on petrol went up by a huge 194 per cent while on diesel it rose by a stupendous 512 per cent between 2014-15 and 2021-22 even as crude oil prices remained below $80 per

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Windfall profit tax raised on export of diesel, Jet fuel

Windfall profit tax raised on export of diesel, Jet fuel

🕔10:30, 1.Sep 2022

New Delhi, Sep 1 (IANS) The Government has raised windfall profit tax on diesel export to Rs 13.5 per litre and on jet fuel exports to Rs 9 per litre. This was done after a fortnightly review on Wednesday, a Finance

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SL President asks Putin to help buy fuel

SL President asks Putin to help buy fuel

🕔13:20, 7.Jul 2022

Colombo, July 7 (IANS) Sri Lankan President Gotabaya Rajapaksa has asked his Russian counterpart Vladimir Putin to help the cash-strapped island nation buy fuel as the country is undergoing its worst-ever economic crisis since gaining independence in 1948. Taking to Twitter

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Government expands the horizon of Universal Service Obligation by including all Retail Outlets including Remote Area Ros

Government expands the horizon of Universal Service Obligation by including all Retail Outlets including Remote Area Ros

🕔14:32, 17.Jun 2022

New Delhi, June 17: The Government of India had relaxed the criteria for grant of authorization for marketing of transportation fuel by issuing Resolution dated 8.11.2019, with an objective to ensure greater participation of private sector in the fuel retail

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India’s fuel demand up 22% YoY in May: S&P Global Commodity Insights

India’s fuel demand up 22% YoY in May: S&P Global Commodity Insights

🕔17:54, 14.Jun 2022

India’s oil product demand in May was up 860,000 barrels per day or 22 per cent year-on-year from a low base in 2021, S&P Global Commodity Insights said in a note. New Delhi, June 14 (IANS) India’s oil product demand in

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Petrol pump dealers across 24 states to go for ‘No Purchase’ on Tuesday

Petrol pump dealers across 24 states to go for ‘No Purchase’ on Tuesday

🕔06:55, 31.May 2022

Petrol pump dealers across 24 states have decided not to purchase diesel and petrol from oil companies on Tuesday to mark their protest against dealers’ commission which has not been revised since long, it was announced on Monday. New Delhi,

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Indian consignment of 40,000 MT of petrol reaches Sri Lanka

Indian consignment of 40,000 MT of petrol reaches Sri Lanka

🕔06:48, 24.May 2022

A consignment of around 40,000 metric tonnes of petrol from India reached Sri Lanka, which is reeling under its worst-ever economic crisis, on Monday, the Indian mission in the island nation announced. Colombo, May 24 (IANS) A consignment of around 40,000

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India’s April fuel intake dips on rising crude prices, to reverse in May

India’s April fuel intake dips on rising crude prices, to reverse in May

🕔15:26, 18.May 2022

India’s sustained uptrend in oil consumption came to a halt and slipped into the red in April from March levels as rising domestic retail fuel prices on the back of surging crude took a toll on gasoline, diesel and LPG

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Petrol prices up again; rise by Rs 4.80 per litre in 8 days

Petrol prices up again; rise by Rs 4.80 per litre in 8 days

🕔07:19, 30.Mar 2022

New Delhi, March 30 (IANS) The domestic retail selling prices of petrol and diesel were increased for the seventh time in eight days on Tuesday. Consequently, in the past eight days, petrol and diesel prices have increased by Rs 4.80 per

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Cost of War: Brent Crude breaches $111 mark; highest in 8 yrs

Cost of War: Brent Crude breaches $111 mark; highest in 8 yrs

🕔16:15, 2.Mar 2022

New Delhi, March 2 (IANS) Lower supplies as well as hostilities between Russia and Ukraine pushed Brent crude oil price to nearly an 8-year high on Wednesday. Besides, robust global demand is expected to keep the Brent-index crude oil price high.

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Brent crude breaches $100 per barrel mark again

Brent crude breaches $100 per barrel mark again

🕔19:32, 1.Mar 2022

New Delhi, March 1 (IANS) Concerns over lower supply amid escalating Russia-Ukraine conflict pushed up global crude oil prices to $102 per barrel on Tuesday. The rise in crude oil prices comes after negotiations failed to resolve the Russian-Ukrainian conflict. The

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Excise duty cut on petrol, diesel provided relief to consumers: EcoSurvey

Excise duty cut on petrol, diesel provided relief to consumers: EcoSurvey

🕔17:25, 31.Jan 2022

New Delhi, Jan 31 (IANS) The reduction in excise duty on petrol and diesel provided relief to the consumers, the Economic Survey 2021-22 said. The Centre in early November slashed excise duties on petrol and diesel by Rs 5 and Rs

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Diesel, petrol prices remain steady on Sunday

Diesel, petrol prices remain steady on Sunday

🕔13:19, 9.Jan 2022

New Delhi, Jan 9 (IANS) Oil marketing companies kept the prices of diesel and petrol unchanged across major Indian cities on Sunday. It is important to note that oil marketing companies have kept prices of fuels untouched since November 3, 2021,

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Diesel, petrol prices unchanged since early November

Diesel, petrol prices unchanged since early November

🕔12:50, 29.Nov 2021

New Delhi, Nov 29 (IANS) Oil marketing companies have continued to keep prices of diesel and petrol unchanged across major Indian cities post revision of duties by the Centre and state governments on the Diwali eve in early November. Accordingly, diesel

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Clean-energy push to halve petrol, diesel demand growth

Clean-energy push to halve petrol, diesel demand growth

🕔20:15, 22.Nov 2021

Mumbai, Nov 22 (IANS) Demand growth in petrol and diesel combined will likely decline to 1.5 per cent per annum this decade, compared with 4.9 per cent in the last, because of increasing blending of ethanol with petrol, and rising usage

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Petrol, diesel prices finally cut after 15 days pause

Petrol, diesel prices finally cut after 15 days pause

🕔14:42, 15.Apr 2021

New Delhi, April 15  Fuel prices in the country finally fell on Thursday with oil marketing companies deciding to pass the benefit of softer global oil prices earlier this month to the consumers. Accordingly, pump prices of petrol and diesel

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Petrol, diesel prices remain static

Petrol, diesel prices remain static

🕔16:08, 16.Dec 2020

New Delhi, Dec 16  Oil marketing companies continued to hold back any change in retail prices of petrol and diesel continuing with their wait and watch stance that has kept the prices of the two auto fuels static for past

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