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fuel price News
Petrol price dips below Rs 70, lowest in 2018; diesel cheapest since March
This was also the first time since January that petrol prices fell below the Rs 70-litre mark, according to data on the Indian Oil Corp' website. The previous low of petrol price in the national capital for 2018 was Rs 69.97 recorded on January 4.
Petrol, diesel prices cut for fourth straight day
In Delhi, petrol now costs Rs 81.74 a litre and diesel is priced at Rs 75.19 per litre. In Mumbai, petrol is sold for Rs 87.21 per litre and diesel at Rs 78.82.
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Fuel prices should be slashed by Rs 10 at least: Mamata Banerjee
Banerjee was reacting to the Centre's announcement of a Rs 2.50-per-litre cut in petrol and diesel prices by reducing the excise duty by Rs 1.50 a litre and asking oil companies to absorb another Re 1.
Amid mounting pressure and threat of high inflation, Centre finally cuts fuel price
The central government has used excise duty on fuel nine times between November 2014 and January 2016 to improve its finances thanks to the fall in global oil prices. The only time it cut excise duty was in October 2017.
Fuel price hike: Petrol costs Rs 91.20/litre in Mumbai, Rs 83.85/litre in Delhi
Fuel price hike: Among the other cities, a litre of petrol costs Rs 85.65 in Kolkata, Rs 87.18 in Chennai, Rs77.34 in Panjim. Diesel, on the other hand, is retailing at Rs 77.10/litre in Kolkata, at Rs 79.57/litre in Chennai, Rs 76.68/litre in Panjim.
As fuel prices rise high, Tamil Nadu groom gets five litres petrol as wedding gift
The fuel symbolised a commodity worthy of being given as a gift, his friends said.
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'Knee-jerk reactions' to rising fuel prices may harm economy: BJP
"At times if you take a knee-jerk reaction to sort out one issue, it may end up harming the economy more," Goyal told reporters.
Fuel price reduction: Petrol is Rs 77.02/litre in Delhi, Rs 84.84/ litre in Mumbai today
Fuel price reduction: The reductions come on the back of softening of international oil rates and the rupee gaining against the US dollar. Prices vary from state-to-state depending on local sales tax or VAT.
Pradhan optimistic about oil being brought under GST purview
Among the several factors behind the fuel price rise are high international crude price, geo-politics of oil, fluctuation in dollar and Indian currency exchange rate and local taxes.
Petrol price cut by 6 paise, diesel by 5 paise
Petrol price was yesterday cut by 7 paise a litre and diesel by 5 paise. On Wednesday rates were cut by 1 paisa each.
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