Tag: Petrol

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.

A senior police official from the district told PTI that the bodies of a woman, a child and a man were recovered from the tracks late Sunday night.

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.

When the petrol pump staffer saw the rider light a cigarette, he could not stop himself from reacting violently, and the reaction was justified as well.

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.

The excise duty on petrol increased by 194 per cent while on diesel it grew by a huge 512 per cent between 2014-15 and 2021-22 even as crude oil prices remained below $80 per barrel between 2015-16 and 2021-22.

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.