-Livemint.com The issue of frequent hikes in fuel prices is a matter of debate and concern, law and justice minister Ravi Shankar Prasad said after a Union cabinet meeting New Delhi: The National Democratic Alliance (NDA) government on Wednesday signalled its intent to stay the course on fuel pricing reforms and said that it was working toward a “long-term solution”. This comes against the backdrop of an international crude oil price rally, with...
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Petrol and diesel prices to be slashed, oil companies to share burden -P Suchetana Ray
-Hindustan Times In the last few days, fuel prices have touched record highs, with petrol costing Rs 76.87 per litre in Delhi and diesel Rs 68.08 a litre. In the last nine days, the price of petrol has risen by Rs 2.24 and diesel by Rs 2.15. New Delhi: Fuel prices are likely to be slashed by Rs 2 to Rs 4 in the next few days and a decision will...
More »Costlier fuel pushes up WPI inflation to 3.18 per cent in April
-PTI WPI inflation, which was on a declining trend since December 2017, accelerated in April due to an unfavourable base effect, a seasonal uptick in food prices as well as the pass through of rising global Crude oil prices. New Delhi: Inflation based on wholesale prices touched a four-month high of 3.18 per cent in April on increasing prices of petrol and diesel as well as fruits and vegetables. The Wholesale Price...
More »How State budgets will fare if petrol, diesel are brought under GST -Rohan Abraham
-The Hindu While consumers will be glad to see their fuel bills slashed by the advent of a favourable rate structure under the GST, State governments will have to contend with an erosion in tax revenue. At the time of writing, petrol was retailing at Rs.82.48/litre in Mumbai, roughly 62% more than the Rs.50.8/litre Pakistanis shell out for a tank of gas. This is despite the fact that Crude oil prices are...
More »India Braces for Oil Blowback as Trump Set to Announce Decision on Iran Deal -Noor Mohammad
-TheWire.in If Trump carries out his threat of pulling the US out of the deal and re-imposes sanctions on the Persian Gulf country, oil prices could start soaring, hitting India and other major crude importers hard. New Delhi: The global oil market is waiting with bated breath for US President Donald Trump’s next move on the Iran nuclear deal, expected to be announced on Tuesday, four days ahead of the May 12...
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