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Latest Articles in fuel prices

Indian Consumers Face Post-Election Fuel Price Shock, Economy Could Be Hit

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits

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Oil Rises On Expected OPEC Cuts, But Surging U.S. Supply Drags

OPEC's de-facto leader Saudi Arabia wants the cartel and its allies to cut output by about 1.4 million barrels per day (bpd), around 1.5 percent of global supply, sources told media sources this week

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WPI Inflation Rises To 5.28 Per Cent In October On Costlier Fuel

According to the government data released today, food articles witnessed softening of prices with deflation at 1.49 per cent in October, against 0.21 per cent September

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WPI Inflation Rises To 5.13 Per Cent On Costlier Fuel, Hardening Food Prices

According to the government data released today, food articles witnessed hardening of prices with deflation at 0.21 per cent September as against 4.04 per cent in August. Inflation in 'fuel and power' basket in September was 16.65 per cent

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Pradhan Meets FM As Fuel Prices Touch New High

Finance Minister Arun Jaitley met Oil Minister Dharmendra Pradhan yesterday to discuss options to mitigate the impact of rising international oil prices and rupee dipping to new lows

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PM Modi Likely To Review State Of Economy This Weekend

Prime Minister Narendra Modi is likely to hold a review meeting this weekend to take stock of economy's health and deliberate on macroeconomic indicators, govt finances and other important schemes

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HC Declines To Interfere With Fuel Price Issue, Says Its Economic Policy Decision

"Change in fuel prices is an economic policy matter of the government. There are larger economic issues. The courts must remain away from it. Government may do it (fix a fair price). We cannot issue a mandamus (direction) to them to do it," the Delhi High Court said

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External Factors Behind Fuel Price Rise Although Temporary: Union Petroleum & Natural Gas minister Dharmendra Pradhan

Pradhan blames external factors such as pressure on oil prices due to decrease in production and weakening global currencies against US Dollar behind the fuel price rise but said the increase is temporary.

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Glass Half-full?

Strong, sustained growth is possible - if we don't trip ourselves up

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India's Fuel Demand Up 4.4% In April

Fuel consumption in April totalled 17.67 million tonnes as compared to 16.91 million tonnes in the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

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India's Fuel Demand Rose 7.7% In February

ales of gasoline, or petrol, were 9.4 percent higher from a year earlier at 2.08 million tonnes

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India Raises Ethanol Price By 5% To Ease Pressure On Suppliers

The price of ethanol was fixed at Rs 40.85 per litre before tax, and would be applicable for a year starting December 1

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Madhya Pradesh Government Cuts VAT On Petrol, Diesel

The Madhya Pradesh government has decided to reduce VAT on petrol by 3 per cent. The VAT on diesel is reduced by 5 per cent

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Why It’s Incredibly Unfair To Just Blame Central Government For Fuel Hikes

The opposition’s hidden agenda notwithstanding, however, it’s incredibly unfair and ignorant to just blame the Central Government for these fuel hikes

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Petrol, Diesel, Other Fuel Prices May Come Down By Diwali: Dharmendra Pradhan

The comments come amid criticism by opposition parties of a sharp rise in oil prices after the daily rate revision mechanism was introduced by the government recently

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