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.
The prices of petrol and diesel have been considerably steady in Odisha and other parts of the country even as international crude prices slumped on concerns of a potential global recession.
Customers are reportedly paying Rs 103.60 per litre of petrol in the State Capital while diesel is being sold at Rs 95.15 a litre. In Cuttack, customers are paying Rs 103.38 and Rs 94.93 per litre of petrol and diesel respectively.
Customers are reportedly paying Rs 103.01 per litre of petrol in the State Capital while diesel is being sold at Rs 94.68 a litre, an 8 paise reduction in price from Friday. In Cuttack, customers are paying Rs 103.28 and Rs 94.84 per litre of petrol and diesel respectively, a 26 paise fall from Friday.
On Saturday, almost every part of the State witnessed a marginal rise in fuel prices. While the Capital city Bhubaneswar witnessed an eight paise rise in Petrol prices taking it to 103.19 per litre, the millenium city of Cuttack saw a rise of 21 paise
Further, the Rs 23,250 per tonne additional tax on crude oil produced domestically has been cut to Rs 17,000 per tonne.
Deputy CM Devendra Fadnavis said the decision was part of the Shiv Sena-BJP government's commitment to people's welfare and would directly benefit the masses.