-IANS/ Business Standard According to Petroleum Ministry sources, petrol prices stood at Rs 81.06 per litre in October 2020, however by October 2022, they had risen only 19.3 per cent to Rs 96.72 per litre Even as the average price of Indian basket of crude oil increased by 102 per cent (from $43.34 to $87.55) between October 2020 and October 2022, the retail prices of petrol and diesel have increased in India...
More »SEARCH RESULT
Total Matching Records found : 170
Every litre of ethanol needs 2,860 litres of water. And yet, India wants to produce a lot more of it -Supriya Vohra
-Scroll.in The government wants to reduce its dependence on imported crude oil by producing more ethanol-blended petrol. While India is making a push for ethanol-blended petrol, by incentivising sugarcane-derived ethanol, concerns remain about the water-guzzling nature of the sugarcane and fair remuneration for farmers. On November 2, the Centre, as part of its Ethanol Blending Programme, approved a higher price for ethanol that is derived from different sugarcane-based raw materials. This was done...
More »How fuel prices become mysteriously stable just before elections. Here’s data since 2020 -TCA Sharad Raghavan
-ThePrint.in In recent years, fuel prices have been kept static for weeks before assembly polls, only to be changed soon after. However, there's no clarity over who's deciding the prices. New Delhi: Rising oil prices have meant that the Modi government is increasingly abandoning a dynamic pricing reform it had adopted in 2017 and is now exerting more control over fuel prices. Troublingly, government data shows that fuel prices are being kept...
More »As inflation soars, sale of low-unit price packs jumps; FMCG companies go for grammage cut, bridge packs
-PTI/ Financial Express Downtrading refers to the practice of switching from expensive products to cheaper alternatives by customers in a bid to conserve cash. FMCG manufacturers are opting to reduce product weight rather than price of items targeted at lower-end consumers, while resorting to single-digit price increase on some large packs and launching ‘bridge packs’, as they seek to overcome the impact of commodity price rise and unprecedented inflation. Besides, they are also...
More »Petrol/Diesel Prices: Who is Responsible for Back-breaking Hikes? -Subodh Varma
-Newsclick.in The central government has raked in over Rs18 lakh crore from excise duties compared to Rs14 lakh crore from taxes by all state governments over the past eight years. Yet again, the government has tried to obfuscate the exorbitant petrol/diesel prices by blaming state governments. This time, it was the Prime Minister himself who blamed some Opposition-ruled states for not reducing taxes like the Value Added Tax (VAT) after the central...
More »
