-PTI New Delhi: Oil Minister Dharmendra Pradhan on Thursday remained non-committal on cutting excise duty on petrol and Diesel, which have touched record highs, saying merely that the government is keeping a close watch on the situation. Petrol price rose to ?71.56 per litre in Delhi on Thursday, the highest since August 2014. Rates in Mumbai are almost touching ?80. Diesel prices soared to their highest level of ?62.25 per litre in Delhi....
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Diesel price at all-time high as crude oil surges in international markets -Gireesh Chandra Prasad
-Livemint.com Diesel price touched Rs.61.74 a litre in Delhi, while petrol hit Rs.71.18 a litre, the highest since 1 August 2014 New Delhi: Diesel price rose to an all-time high on Monday as crude oil price continued to advance in global markets, impacting India’s oil import bill and inflation. Diesel price touched Rs61.74 a litre in Delhi, while petrol hit Rs71.18 a litre, the highest since 1 August 2014, according to information provided...
More »Congress puts govt on mat for refusal to cut fuel tax as prices soar -Sanjay Dutta
-The Times of India NEW DELHI: At a time when fuel prices are shooting through the roof due to increasing global oil prices, the Congress on Thursday put the government on the mat for not providing relief by passing on the benefit of money it has mopped up by raising excise duty on petrol and Diesel. Raising the issue of increasing pump prices in Parliament, the leader of the Congress in the...
More »NITI Aayog working on policy to cut oil bill by $100 billion
-PTI NEW DELHI: The government is working on a policy to bring down the annual oil import bill by $100 billion by 2030 through extensive use of methanol in cooking gas and transportation fuel, union minister Nitin Gadkari told Lok Sabha on Thursday. The government was "shortly" going to implement a scheme under which 15 per cent methanol will be blended with petrol and which will reduce the cost of the fuel...
More »Nervous over rising crude, government ends monthly LPG price hike -Sanjay Dutta
-The Times of India NEW DELHI: In a clear indication of the nervousness over rising oil prices evoking popular anger, the government has asked state-run fuel retailers to stop raising the price of subsidised cooking gas cylinders by Rs 4 a month. The order was issued in October, around the same time the government cut excise duty on petrol and Diesel by Rs 2 per litre to stave off rising consumer anger...
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