-The Indian Express A balanced approach can reduce petrol price without affecting revenues. RBI mustn’t artificially shore up rupee The Brent crude oil price has changed from around $68/barrel in January to $70/barrel on November 9, touching a high of $86 on October 3. The rupee has also fallen from Rs 63.30 per US$ in January to Rs 70 on November 9. These fluctuations have created major policy problems for the...
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Oil marketing companies again hike petrol, diesel prices
-The Hindu The prices of petrol and diesel touched a new high on Sunday with Mumbai paying the maximum among the four metros. Mumbai: State owned oil marketing companies (OMCs) have again increased the price of sensitive Petroleum products like petrol and diesel in the country on Sunday. The prices of petrol and diesel touched a new high on Sunday with Mumbai paying the maximum among the four metros. While petrol costs ? 89.29...
More »Govt okays policy to ensure hiked MSP
-The Tribune Incentivises ethanol produce to cut crude oil dependence New Delhi: Aiming to reap electoral dividend in the upcoming elections, the government on Wednesday approved a new umbrella scheme to roll out its hiked MSP for farm produce under “Pradhan Mantri Annadata Aay Sanrakshan Abhiyaan” (PM-ASHA) for which it has earmarked Rs 15,053 crore. It has also decided to incentivise ethanol production in a bid to reduce crude oil dependence at a...
More »Fuel prices hiked again; petrol now costs Rs. 86.91/litre in Mumbai -Piyush Pandey
-The Hindu The falling Indian rupee will make oil imports costlier and lead to a rise in fuel prices Mumbai: After holding on for a day, the State-owned oil marketing companies (OMCs) again increased the price of Petroleum products such as petrol and diesel in the country on Thursday. The prices of petrol and diesel touched a new high on Thursday with Mumbai paying the maximum among the four metros. While petrol costs...
More »Why Indian government exports petrol at half the price we pay -Anand Patel
-IndiaToday.in New Delhi: A news report actively shared on social media based on RTI reply on exports claims that India is exporting refined petrol to 15 nations at Rs 34 per litre while refined diesel is exported to 29 countries at Rs 37 per litre as per the information provided. It is being alleged that Government has levied high taxes on Petroleum products making it a prized commodity for domestic consumers while...
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