-The Hindu Abandoning the daily price revision of petrol and diesel sets back an important reform The price of oil has been shooting up for weeks now, with Brent crude oil futures hitting their highest level in more than three years on Monday, at more than $75. But for two weeks now, the state-owned oil companies have kept petrol and diesel prices unchanged. Since April 24, the oil companies have abandoned the...
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Fuel prices hit new high, no relief in sight for consumers -Sanjay Dutta
-The Times of India NEW DELHI: There’s no respite in sight for fuel consumers as pump prices remain on a record-breaking spree as crude clambers towards $80(approximately Rs 5,314) a barrel-mark in a market edgy over US bailing on Iran nuclear deal, outages in Venezuela and uptick in demand. Petrol and diesel prices scaled new peaks on Tuesday as benchmark crude rose to $75(approximately Rs 5,000)a barrel, its highest since November 2014. In...
More »Rising petrol prices: What Narendra Modi said before 2014 and his govt did in 4 years -Prabhash K Dutta
-IndiaToday.in Rising prices including those of petrol and diesel were among the reasons that brought down the UPA government of Manmohan Singh, whom the then Gujarat Chief Minister Narendra Modi had described as a "Sardar (chief), who is not asardar (effective)". In May 2012, the UPA government had approved the steepest ever hike in petrol prices across the country. The petrol prices suddenly went up by Rs 7.54 per litre. Petrol price...
More »Diesel price hits all-time high, petrol prices highest in over 4 years -Sumant Banerji
-BusinessToday.in Prices of diesel hit an all-time high of Rs 64.40 per litre in Delhi, while petrol prices were at Rs 73.55, highest in over four years. The last time petrol prices were higher was in September 2013 when it was Rs 76.06 per litre in the city. In a bid to bring in transparency in pricing of fuels, the government had changed the fortnightly revision of prices to a daily routine...
More »Eco Survey 2018: FY19 GDP growth seen at 7-7.5% Surabhi
-The Hindu Business Line The Survey has said that India can be rated as among the best performing economies in the world The Economic Survey 2018 has pegged FY19 GDP growth at 7-7.5%. The Finance Minister Arun Jaitley on Monday tabled the Economic Survey 2017-18 in the lower house. The Survey has said that India can be rated as among the best performing economies in the world as the average growth during...
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