The price of petrol charged to the dealers, before taxes and deal commission, is Rs 36.68 per liter in India as of July 16, while that of diesel was Rs 39.77, ministry of petroleum and natural gases has revealed. However, on that day, petrol was being sold at Rs 84.22 per liter in Mumbai and […]
Maharashtra Navnirman Sena, the party floated by politician Raj Thackeray, has started selling petrol at select pumps in Mumbai at a discount of Rs 9.30 per liter as part of a protest against the high price of fuel. The actual price of petrol in Mumbai is Rs 84.26, while the MNS is selling petrol at […]
Indraprastha Gas Ltd, which sells CNG to the National Capital Region, said it has raised the price of CNG by 95 paise per kg in Delhi and by Rs 1.26 per kg in the consumer price of CNG in Noida, Greater Noida and Ghaziabad. In Rewari, the price will be increased by Rs 1 per […]
Oil minister Dharmendra Pradhan today said that the current spike in petrol and diesel price is ‘temporary’ and related to the impact of Hurricane Harvey in the US. “The prices have gone up because some of the refining capacity has been shut down (in the US). It is temporary,” Pradhan said today, in response to […]
The pace of growth in petroleum consumption slowed this year, but private retailers are getting ready to open more and more outlets, Fitch Ratings said. Consumption of petroleum products, such as diesel, petrol, LPG and kerosene, has been increasing at a rate of about 5% in India over the last three years, Fitch said. However, […]
With the financial year drawing to a close, Madhya Pradesh, Gujarat & Mumbai have emerged as the states where people pay the highest taxes on petrol and diesel, while Tamil Nadu was the state with the highest increase in rates this year. In Madhya Pradesh, people pay an eye-watering 39.75% tax on petrol imposed by […]
The effective crude oil price paid by India fell again to record of several years to just $33.35 for the second half of December, petroleum ministry said, implying a petrol price of $1.08 to the gallon or Rs 18.95 per liter. In India, the retail price of petrol is around Rs 63 per liter. Crude […]
Mahanagar Gas Ltd, India’s biggest vendor of CNG fuel, has cut the price of the commodity after cuts by upstream providers such as ONGC and Reliance. “Consequent to the reduction in the price of domestically produced natural gas by the Government of India, Mahanagar Gas Limited (MGL) is pleased to reduce its CNG price by […]
Deregulation of, or removing price controls from, diesel sales in India is imminent, said Edelweiss Securities in a report after meeting dealers. “We expect benign global oil prices to persist, paving way for de-regulation during Q4CY14,” analyst Jal Irani said in a report on Thursday. “We met the President of Petrol Dealers’ Association, Mumbai, and […]
Indian Oil Corporation Ltd. has decided to increase the retail selling price of Diesel by Rs.0.50/litre (excluding state levies) with effect from midnight of 31st May/1st Jun’14. In effect, it implies a rise of 65 to 75 paise per liter. “The above increase is pursuant to GOI order dated 17th Jan’13, whereby OMCs have been […]
