As per sources, the Ministry for Petroleum and Natural Gas has worked out various combinations and permutations on the price cuts ranging from Rs 4 to Rs 10 per litre in the two fuels and the impact it will have on the oil companies.
The combined cuts, together with higher demand for oil, have already forced a sharp drawdown of reserves, the IEA said in its monthly oil market report, CNN reported.
Cash-strapped Punjab government on Sunday increased petrol price by 92 paisa per litre and diesel price by 88 paisa.
The arrested petrol pump owner has been identified as a resident of Kalahandi who received the stolen diesel. Among the rest arrested persons, four are from Sambalpur district and the rest two belong to Bargarh district. The police also seized a tanker, a car and a generator used in the crime.
Referring to the green hydrogen policy, the minister described it as a revolutionary shift, which is set to make India a global hub for green hydrogen and green ammonia production.
According to the company, the crude oil prices have been trading in the range of $65-120/bbl in the past 1 year, and are way off the high levels witnessed in the month of June 2022.
On October 9 (Sunday), petrol and diesel are being sold at Rs 103.19 and Rs 94.76 respectively in the capital city of Bhubaneswar, while the rate of fuel is Rs 103.28 for petrol and Rs 94.84for diesel in Cuttack.
The price of petrol in Malkangiri where the fuel rates exhibit the highest charge in the state, is at Rs 108.69, same as a day ago, while diesel is being sold in the town without any change in rate in the last 24 hours at Rs 100.46.
The prices of petrol in some other major towns in the state are as follows: Rs 103.49 in Puri, Rs 103.26 in Sundargarh, Rs 107.01 in Rayagada, Rs 103.47 in Nayagarh, Rs 108.13 in Nabarangpur, Rs 105.86 in Keonjhar, Rs 103.39 in Kendrapara and Rs 103.18 in Balasore.
As prices of petroleum products have now been aligned to market rates, fuel prices will rise each time, global crude prices rise and the rupee falls against the dollar.
Prices of petroleum products have now been aligned to market rates. This means fuel prices will rise each time, global crude prices rise and the rupee falls against the dollar.
In the twin city, customers are reportedly paying Rs 103.11 per litre of petrol and Rs 94.68 per litre of diesel in the State Capital on August 18
We have been seeing an uptick in global crude prices, which has also pushed petrol and diesel rates in Odisha higher.
As per August 13 updates, petrol is being sold at Rs 103.47 and Rs 103.78 in Bhubaneswar and Cuttack respectively. On Saturday, while diesel price in Bhubaneswar is Rs 95.03, in Cuttack the fuel's rate is Rs 95.33.
In the Twin City, petrol is being sold at Rs 103.60 and Rs 103.38 in Bhubaneswar and Cuttack respectively. While diesel price in Cuttack is Rs 94.93, the fuel's rate is Rs 95.15 in Bhubaneswar on Thursday.
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