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.
The incentive is being offered since the prices of both lemons and petrol have escalated in recent weeks.
Prices have been on a freeze since then despite the cost of raw material spiralling. International oil prices were around USD 81-82 a barrel in early November as against USD 114 now.
To achieve 20 per cent blending by 2025, and to meet the requirement of the chemical and other sectors, about 12 billion litres of alcohol/ethanol would be required.
International oil has roared higher as concerns about the pandemic, especially the impact of the omicron variant, have eased off.
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.
The week-long price pause comes after fuel prices increased on 41 days and remained unchanged on 44 days since May 1.
Fuel price rise in the country continued on Monday with oil marketing companies (OMCs) increasing the pump rate of both petrol and diesel for the second consecutive day.
After hitting new highs a day earlier, fuel prices rose once again on Tuesday taking petrol rates to cross Rs 100 per litre mark in several cities across the country.
New Delhi: In one of the steepest increase since daily price revision was started, petrol price on Thursday was hiked by 25 paise per litre and diesel by 30 paise…
New Delhi: Petrol and diesel prices in the country rose again sharply by 19 paise and 21 paise per litre respectively on Wednesday as Oil Marketing Companies (OMCs) continued to…
New Delhi: Fuel prices in the country remained unchanged on Saturday as oil marketing companies decided to wait and watch the situation prevailing in global oil markets before before restarting…
New Delhi: Fuel prices in the country remained unchanged on Wednesday with oil marketing companies continuing on the pause mode and keeping petrol and diesel prices static for over a…
New Delhi: Fuel prices in the country remained unchanged on Saturday with oil marketing companies continuing on the pause mode and keeping petrol and diesel prices static for 11th consecutive…
Bhubaneswar: With the prices of petro-fuels burning the pockets of the common man, a big revelation has been if states agree with the Centre to bring the petro-products under the ambit of GST, only within 24-hours, the rate of the fossil fuels per litre will crash to just Rs 75 per litre. This is not […]
New Delhi: Government seems to be in no mood to subsidise the price of common mans cooking gas which like the price of auto fuels petrol and diesel has maintained consistent increase for past few months. The price of domestic 14.2-kg LPG cylinder was increased by Rs 25 on Thursday, the third increase in the […]
Bhubaneswar: The Petrol and diesel prices have reached record highs, creating problems and making holes in the pockets of consumers across the country. The petrol price had recently crossed the Rs 100 per litre mark in Sriganganagar town of Rajasthan. Even in Odisha, the extra-premium petrol has also touched the century mark in Malkangiri district. […]
Bhubaneswar: Congress MLAs today reached Odisha Assembly by riding cycle as a mark of protest against unabated rise in the prices of petrol and diesel in Odisha on Tuesday. Jeypore MLA Tara Bahinipati and his party colleague Adhiraj Panigrahi – Congress MLA from Khariar – took out the novel protest by riding cycle from Congress […]
New Delhi: Petrol and diesel prices maintained its northward rally on Friday, the eleventh consecutive day when its retail prices rose across the country, with the global oil market remaining stable but firm. Accordingly, oil marketing companies raised the pump price of petrol by 31 paise and diesel by another 33 paise per litre in […]
Guwahati: Petrol and diesel will become cheaper by Rs 5 in Assam from Friday midnight, while the 25 per cent additional cess on liquor will also be removed. The Assam government had removed the additional cess of Rs 5 levied on both the fuels last year at the peak of Covid-19 pandemic. While presenting the […]
New Delhi: Petrol and diesel price rise continued on the pause mode on Monday, the third consecutive day of no price change, as oil marketing companies decided to watch the revolving oil market before taking a call on further changes. Before the pause, petrol and diesel prices had risen sharply on Thursday and Friday, taking […]
New Delhi: Petrol and diesel prices rose sharply by 35 paise per litre on Thursday after oil marketing companies decided to break a week-long pause in price revision, taking note of a surge in global oil prices as benchmark Brent crude touched $59 a barrel. Accordingly, retail price of diesel increased to Rs 76.83 a […]
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 […]
New Delhi: Petrol and diesel prices rose sharply by 25 paisa per litre on Thursday, second consecutive day of similar rise, after oil marketing companies decided to break the pause in price revision in wake of a sudden spike in global oil prices. Accordingly, in the national capital, petrol was sold at the new record […]
New Delhi: For the first time in the last two years, the petrol price on Saturday breached the Rs 83 per litre-mark in Delhi after a rally in international oil prices forced a 13th increase in rates in the last fortnight. Petrol price on Saturday was raised by 27 paise per litre and diesel by […]
New Delhi: Petrol price on Friday was hiked by 19 paise per litre to Rs 81.89 per litre on Friday as global oil prices remained firm reaching its highest levels this fiscal. Diesel price, on the other hand, increased by a higher margin of 24 paise to Rs 71.86 a litre, up from Rs 71.62 […]
New Delhi: Petrol price on Sunday was hiked by 8 paise per litre and diesel by 19 paise, the third straight day of increase in rates as the firming international oil rates broke a nearly two-month-long hiatus in price revision. In the national capital, petrol was priced at Rs 81.46 per litre on Sunday, eight […]
New Delhi: Consumers can cheer as oil marketing companies (OMC) may actually bring down the retail prices of petrol and diesel in the coming week ahead of Diwali. Oil sector experts said that with global oil prices under pressure from slowing demand in the second wave of Covid-19 pandemic sweeping several western countries, crude price […]
New Delhi: The economic crisis triggered by the Covid-19 pandemic and subsequent pressure on revenues may again push the Centre to raise excise duty on petrol and diesel. Sources indicated that another Rs 3-6 per litre increase in excise duty on petrol and diesel may come soon if the government felt the need to mobilise […]
New Delhi: Fuel consumers did not face any change in petrol and diesel prices for one-third of a month as stable global oil prices ensured that oil marketing companies did not need to go for a revision. Diesel prices have stayed at the same level since last October 3, completing 11 days when the fuel […]
New Delhi: Diesel and petrol prices remained unchanged on Wednesday with the oil marketing companies continuing to press the pause button in wake of stable global oil market. This is the fifth consecutive day when both petrol and diesel prices have remained unchanged. In fact, petrol prices have remained steady for the last 15 days. […]
Nayagarh: Tension ran high at a fuel station in Sikharpur under Saranakul police limits of the district after a customer levelled allegations of adulteration of petrol on Friday. According to sources, the complainant Antaryami Nayak filled petrol in his two-wheeler from the fuel station last evening. But when his vehicle didn’t start, he checked and […]
New Delhi: In a big relief for the common man, the continuous rise in petrol and diesel prices came to a halt on Sunday. Fuel prices across the metros were unchanged for the first time after price hikes for 21 consecutive days. Petrol prices, however, were unchanged for a day during this 21-day period after […]
New Delhi: Jet fuel or ATF price on Tuesday was hiked by 16.3 per cent while petrol price was increased by 47 paise per litre and that of diesel by a 57 paise on the back of firming international oil rates. Aviation turbine fuel (ATF) price was hiked by Rs 5,494.5 per kilolitre (kl), or […]
New Delhi: Oil marketing companies on Monday increased the price of petrol and diesel by 60 paise per litre, the second such successive raise to cover for the rise in global product prices. The increase has been made under the dynamic pricing system for daily revision of fuel prices, which OMCs resumed after over the […]
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: Fuel prices dipped further on Thursday after slump in international crude oil rates following the outbreak of coronavirus in China. The price of petrol was cut by 17 paise and that of diesel by 19 paise a litre across all major cities on Thursday. The petrol now costs Rs 74.65 a litre in […]
New Delhi: The Petrol and diesel prices rose again for the fourth straight day on Sunday across all major cities. Petrol price was increased by 9 paise per litre and that of diesel by 11 paise, as per the information on the Indian Oil Corporation website. Petrol now costs Rs 75.54 a litre in Delhi, […]
New Delhi: Petrol and diesel prices continued to increase on Tuesday because of the rise in crude oil prices in the international market. Petrol prices have increased for the third consecutive day, while the rise in diesel price has continued for the sixth consecutive day. State-run oil marketing companies on Tuesday increased the price of […]