The hike came as the public continues to suffer in long queues at fuel stations hit by shortages.
While BJP State President Samir Mohanty in a tweet on Sunday called for a cut in VAT by the State government, his party at a press conference in Sambalpur reiterated the same demand.
As per reports, customers are paying Rs 112.68 per litre for petrol in the capital city of Bhubaneswar today while diesel is available at Rs 102.35 a litre.
The Oil Marketing Companies (OMCs) effected as many as 14 hikes of petrol and diesel between March and April 6, putting the prices of the fuel on a higher side. The rise in the prices of petrol and diesel has hit the common man hard.
In 2008, Reliance Industries had shut all of its 1,432 petrol pumps in the country after sales dropped to almost nil as it could not match the subsidized price offered by the public sector competition.
The Sri Lankan Central Bank presented the cabinet of ministers earlier this week a set of proposals to overcome the current foreign exchange and fuel shortages, local media reported.
The focus of the budget has been to address the constraints which are in the way of the country grasping the opportunities of the fourth industrial revolution, he said.
The Centre in early November slashed excise duties on petrol and diesel by Rs 5 and Rs 10 per litre, respectively. Taking cue from this, some states too followed suit.
International oil has roared higher as concerns about the pandemic, especially the impact of the omicron variant, have eased off.
Earlier today, uncertainty was looming over the announced VAT reduction by the State government. As claimed before, overall, each litre of the fuel would reduce by Rs 3. However, questions were raised, how a slash of 4% VAT on the fuels will bring down the price of a litre fuel by Rs 3.
Transport agencies have maintained that the benefits of the drop in fuel price will take time to reach the consumers as the agencies hire transportation vehicles on an annual agreement.
Odisha govt on Thursday cut Rs 3 VAT on fuel prices in addition to Centre’s excise duty cut on petrol & diesel.
Since, January 1, 2021, the fuel rates have risen by more than Rs 26 a litre before the duty cuts.
"In recent months, crude oil prices have witnessed a global upsurge. Consequently, domestic prices of petrol and diesel had increased in recent weeks exerting inflationary pressure."
Government of India has taken a significant decision of reducing Central Excise Duty on Petrol & Diesel by Rs. 5 and Rs. 10 respectively from Thursday (Diwali). Prices of petrol & diesel will thus come down accordingly.
While petrol price in most of the country is already above Rs 100-a-litre mark, diesel rates have crossed that level in a dozen states/UT including Madhya Pradesh, Rajasthan, Odisha, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Chattisgarh, Bihar, Kerala, Karnataka and Ladakh.
Fuel prices in Malkangiri district of Odisha hit all time high burning holes in common man’s pocket.
Disruptions in the US Gulf Coast production following Hurricane Ida and other storms have led to sharp draws in the American and global inventories.
Fuel prices have been hovering at record levels on account of 41 increases in its retail rates since April this year.
In Mumbai, the petrol price was stable at Rs 107.26 per litre on Wednesday while diesel rates also remained unchanged at Rs 96.19 a litre.
After falling, global crude oil prices had firmed up over the past week to cross $73 a barrel mark.
The 41 increases have taken up petrol prices by Rs 11.44 per litre in Delhi, while the diesel rates have spiked by Rs 8.74 per litre in the national capital.
Congress party in Odisha launched State-wide protests against the hike in the prices of fuel and other essential commodities from today which will continue till July 17
The price of petrol has just hit a high ceiling in the Malkangiri district of Odisha. In breaking all its previous records, the petrol price in Kalimela area of the district has touched Rs 100 per litre of the oil.
A day after steep increase in retail prices of petrol and diesel, fuel retailers on Saturday spared consumers of any further increase in fuel prices.
New Delhi: Fuel prices in the country remained unchanged on Saturday as oil marketing companies decided to go on a pause mode and analyse the global developments on oil prices…
New Delhi: Oil marketing companies on Friday went on pause mode and decided against revising petrol and diesel after cutting its retail rates in the previous two days. Accordingly, the pump price of petrol and diesel remained at previous days level of Rs 90.78 and Rs 81.10 a litre respectively in the national capital. Petrol […]
New Delhi: Consumers can heave a sign of relief as oil marketing companies (OMCs) have finally relented and reduced the retail price of petrol and diesel after keeping them steady for past 24 days. This is first reduction in petrol and diesel prices in 2021. Petrol price fell by 18 paise per litre and diesel […]
New Delhi: Oil marketing companies on Wednesday gave momentary relief to consumers from skyrocketing fuel prices by keeping retail price of petrol and diesel unchanged. Accordingly, the price of petrol continued to be at Rs 90.93 a litre and diesel Rs 81.32 a litre in the capital. Elsewhere in the country as well, fuel prices […]
Bhubaneswar: With the Congress calling for a State-wide bandh over the unabated rise in the prices of fuel tomorrow, the BJP and BJD too have jumped to the arena slinging allegations and counter-allegations over the situation. Holding BJP responsible for the skyrocketing fuel prices in the State and the country, the ruling BJD has targeted […]
New Delhi: Petrol and diesel price rise went on the pause mode on Saturday after two consecutive days of sharp increase where pump price of the auto fuels rose by 65 paise per litre. The pause came on a day when global crude prices rose by close to 1 per cent to reach this years’ […]
New Delhi: Petrol and diesel prices remain unchanged on Friday after oil marketing companies decided to go on a pause mode opting to wait and watch the global oil market before taking the next course of action. Accordingly, in the national capital, petrol continued to be sold at the new record high level of Rs […]
Bhubaneswar: Odisha government on Wednesday hiked bus fares across all categories under the automatic fare adjustment mechanism. As per a State Transport department notification, due to increase in per litre diesel price from Rs 73.42 as on June 16 to Rs 78.67 today, leading to price increase by an amount equal to Rs 5.25 in […]
New Delhi: Petrol and diesel prices continued their cat and mouse chase in the Capital to become the most expensive auto fuel. Petrol is now just a whisker away to returning to its numero uno spot. Oil marketing companies including IndianOil, Bharat Petroleum, Hindustan Petroleum on Saturday increased the price of petrol and diesel by […]
New Delhi: This is one reform initiative of the government that has not yielded the desired results on the ground. A collapse in global crude oil prices was widely believed to provide relief to consumers by way of sharply lower retail price of petrol and diesel. But the reality has turned out to be something […]
New Delhi: The petrol prices continued to surge on the fourth consecutive day on Monday reaching to its highest level in the year so far, while the diesel rates continued to remain stable. As the crude oil rates rise in the international market, the Oil marketing companies increased the price of petrol by 12 paise/litre […]
New Delhi- Petrol prices rose around 5 paise across the four metropolitan cities on Sunday while the cost of diesel remained unchanged, data on the Indian Oil Corp’s website showed. In the national capital, petrol was priced at Rs 72.86 per litre, up from Rs 72.81 on Saturday. Price of the fuel in Kolkata, Mumbai […]
New Delhi: Petrol prices declined by 7 paise across the metropolitan cities on Thursday after remaining unchanged for the last two days, data from the Indian Oil Corp’s website showed. In the national capital, petrol was priced at Rs 72.71 per litre, down from Rs 72.78 on Wednesday. In Kolkata, Mumbai and Chennai, price of […]
New Delhi: State-run oil-marketing companies continued to cut the prices of key transport fuels — petrol and diesel — well into the fourth week on Saturday on lower global crude oil prices. According to the Indian Oil Corp data, petrol was priced at Rs 77.89 per litre in the national capital on Saturday, 17 paise […]
Mumbai: The government’s move to cut excise duty on petrol and diesel by Rs 2 per litre is like a drop in the ocean as it comes after months of rising fuel prices, the Shiv Sena today said. The Sena used a popular idiom — “oont ke muh me jeera” (a small cumin seed in […]