Fuel Prices | The Asian Age

Saturday, Nov 28, 2020 | Last Update : 08:16 PM IST

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In Delhi, petrol is being sold at Rs 82.83 per litre after an increase of 11 paise.

No respite for common man from surging fuel prices

Petrol prices in Mumbai are inching closer to the Rs 90 per litre mark.

16 Oct 2018 11:49 AM

Global oil major BP said on Monday fuel price controls were “not good”, days after India asked state-run fuel retailers to shield customers from record-high costs by cutting margins.

BP criticises price controls, days after India cuts cost of fuel

BP has a tie-up with Reliance Industries, owner of the world’s biggest refining complex.

16 Oct 2018 10:28 AM

Congress slams PM Modi over fuel prices, Rafale

Sharma also criticised Mr Modi over “picking” Anil Ambani’s Reliance Defence as an offshoot partner for the Rafale deal.

16 Oct 2018 2:38 AM

Prime Minister Narendra Modi in 2015 had set a target of reducing India's oil dependence by 10 per cent to 67 per cent (based on import dependence of 77 per cent in 2014-15) by 2022. (Photo: File | AP)

Amid fuel prices rise, PM to meet major global oil company heads today

The meeting, coordinated by NITI Aayog, is likely to focus on challenges posed by volatile oil prices and US sanctions on Iran.

15 Oct 2018 8:28 AM

Cement prices could go up by up to 10 per cent in the next six months in order to compensate for the increased fuel and transportation costs, according to a top official of industry body CMA.

'Cement prices may increase by up to 10 pc on rising fuel prices'

The industry has witnessed 14 per cent growth in the first half of 2018-19-- the first double digit growth since 2009-10.

14 Oct 2018 1:14 PM

Skyrocketing prices of fuel are also continuing to burn holes in the pockets of common man in Mumbai.

Fuel price hike: Petrol, diesel prices continue to touch new heights

Petrol rates have been increased by 18 paise per litre, taking its price to Rs 82.66 per litre in Delhi.

13 Oct 2018 10:48 AM

A sharp fall in the value of the Indian rupee and soaring oil prices led to record high pump prices of diesel and petrol.

Record fuel prices hit Indian petrol, diesel demand in Sept

Lower local sales of petrol and diesel curbed growth in India’s overall fuel demand to 1.1 per cent in Sept.

13 Oct 2018 10:21 AM

PM Modi holds meeting, reviews ways to reduce crude imports

According to sources, the meeting discussed ways to boost domestic production of crude oil so that dependence on imports could be cut.

13 Oct 2018 1:09 AM

India’s retail inflation rate slightly picked up to 3.77 percent in September, government data showed on Friday, driven by higher food and fuel prices and a depreciating rupee. (Photo: AP)

Retail inflation for September jumps to 3.77 pc on rising fuel, food prices

Retail inflation in August was 3.69 per cent.

12 Oct 2018 6:05 PM

Fuel prices across the country continued to rise unabated and touched new record levels on Friday despite the central government announcing a Rs 2.50 per litre cut in excise duty recently.

No respite for consumers as fuel prices witness fresh hike

Arun Jaitley had earlier announced a cut of Rs 2.50 per litre on both petrol and diesel prices.

12 Oct 2018 3:16 PM

Allaying concerns about the return of fuel subsidy regime, a top Finance Ministry official on Thursday said the government asking oil PSUs to subsidise petrol and diesel prices by Re 1 per litre was a "one-time thing" and it does not intend to ask them to do it again.

Govt will not ask oil companies to further subsidise fuel prices: official

While OMCs will continue to enjoy marketing freedom, upstream oil producers like ONGC would not be asked to share fuel subsidy burden.

11 Oct 2018 5:05 PM

The government on Friday cut excise duty on petrol and diesel by Rs 1.5 a litre, sacrificing Rs 10,500 crore revenue in the current financial year.

Fuel excise duty cut credit negative: Moody’s

Excise duty cuts on auto fuel reduce govt revenue and increase fiscal deficit by 0.1 pc to 3.4 pc of GDP in FY19.

10 Oct 2018 12:55 PM

Petrol and diesel prices are on a rising spree, witnessing a fresh hike on Tuesday.

Fuel price hike: Petrol, diesel prices rise for the fourth consecutive day

Despite the government's efforts to bring fuel prices under control, the prices are increasing daily.

09 Oct 2018 12:14 PM

Oil Minister Dharmendra Pradhan on Monday said there was no question of going back on deregulation of fuel pricing despite the government asking state-owned firms to subsidise petrol and diesel by Re 1 per litre.

No going back on fuel price deregulation: Oil Minister Pradhan

The combination of high international oil prices and a depreciating rupee has made imports costlier.

08 Oct 2018 3:48 PM

It is that time of the year when customers keep all their worries aside and enjoy some retail therapy, joy of gifting and engage in bargain hunting. (Photo: PTI)

India Inc gears up for festive season

The consumer confidence index for India has moved up in September.

08 Oct 2018 11:24 AM

Petrol and diesel prices on Sunday has witnessed a fresh hike.

Fuel prices regain upward trend after a relief of Rs 2.50 from Centre

Petrol rate is the highest in Mumbai and diesel rate is the highest in Chennai.

07 Oct 2018 12:49 PM

The Indian government on Saturday sought to assure investors that the government would not go back to regulating fuel prices, a day after oil company shares tumbled on concerns about a return to a regime that has hurt their profits in the past.

Govt seeks to reassure markets on deregulation of fuel prices

Shares in the companies fell more than 20 per cent to multi-year lows on Friday before recovering marginally.

07 Oct 2018 11:45 AM

Union Minister Arun Jaitley said challenges of high crude oil prices can't be resolved by tweets or bytes. (Photo: File)

Arun Jaitley questions commitment of Rahul Gandhi, his allies over petrol price cut

'Are Rahul Gandhi and his reluctant allies only committed to tweets and TV bytes when it comes to give relief to common man?' Jaitley said.

06 Oct 2018 9:25 PM

Jaitley accused the government critics of doing a 'volte face' by terming the cut in petrol and diesel prices.

Petrol price cut: Jaitley questions Rahul Gandhi’s commitment, allies

Non-BJP non-NDA States have refused to pass on any benefit to the consumer.

06 Oct 2018 3:19 PM

Fuel-price reduction also highlights the regulatory risks for Indian OMCs as a result of rising crude oil prices and the weakening rupee

Fitch said govt move on fuel prices to impact profitability of OMCs

The government reduced the prices of petrol and diesel by Rs 2.50 per litre on October 4, 2018.

05 Oct 2018 4:43 PM

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Shobhaa De