Mumbai, May 22 (IANS) In the wake of widespread rumours regarding a potential fuel crisis, Maharashtra’s Food, Civil Supplies, and Consumer Protection Minister, Chhagan Bhujbal, on Friday assured the people that the state has an ample supply of petrol and diesel. Speaking to the media, he urged citizens to refrain from panic buying and unnecessary hoarding.The Minister revealed that panic-driven purchasing has led to an unusual surge in demand, with petrol and diesel sales spiking by 20 per ce…
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New Delhi, May 21 (IANS)Transport union Chalak Shakti Union Vice President Anuj Kumar Rathore on Thursday complained that fares of auto-rickshaw and taxi drivers have not been revised in the national capital for the last 15 years and assured that their strike will be called off as soon as the government assures an increase.Talking to IANS, Rathore said: “A three-day strike has been announced for May 21, 22, and 23, during which drivers have been urged not to operate their vehicles. The call has …
New Delhi, May 21 (IANS) There is no shortage of petrol, diesel or LPG in the country and petrol pumps that are not giving fuel or giving fuel in reduced quantities are being pulled up, according to senior government officials on Thursday.The government is receiving feedback about petrol pumps across India and full supply of fuels is being maintained to all retail outlets. There has also been no reduction in oil imports coming from Russia in order to ensure adequate crude supplies to the refiner…
New Delhi, May 20 (IANS) Operating profitability for Indian cement companies is expected to moderate in 2026-27 as higher power and fuel prices and rising selling costs linked to geopolitical tensions in West Asia weigh on margins, a report said on Wednesday.The report from ICRA highlighted that the OPBIDTA per tonne for its sample set of cement companies is projected to ease by 10–15 per cent to Rs 820–870 per metric tonne in 2026-27, from an estimated Rs 950–980 per metric tonne in 2025-…
New Delhi, May 19 (IANS) The government has ensured that the price hike in petrol and diesel has been restricted to 4.4 per cent, the lowest among major economies, while that of domestic liquefied petroleum gas has remained constant, by reducing excise duty and asking the oil companies to absorb the losses due to the cost of imported crude soaring past $100 a barrel. Public sector oil companies have absorbed under-recoveries of Rs 24,500 crore on petrol and diesel to keep pump prices on hold, be…
New Delhi, May 19 (IANS) Rising fuel prices and inflation on Tuesday sparked a fresh political confrontation, with Opposition leaders accusing the Centre of pushing common people into distress, while the BJP defended the situation by calling it a global crisis affecting economies worldwide.AAP leader Anurag Dhanda, attacking the Centre, said auto and truck drivers were being forced towards protest due to increasing prices of CNG, petrol and diesel.”Auto drivers have now announced that they will …
Bhopal, May 19 (IANS) The Opposition Congress in Madhya Pradesh on Tuesday attacked the BJP-led Centre over the latest hike in petrol and diesel prices, and demanded an immediate reduction of Rs 10 per litre to provide relief to the public in the state.Senior Congress leader and former Chief Minister Kamal Nath said fuel rates had been raised again within a week, with petrol and diesel becoming costlier by 90 paise per litre from Tuesday.“The government is citing international factors behind t…
New Delhi, May 16 (IANS) The government has revised export taxes on petroleum products, imposing a special additional excise duty (SAED) of Rs 3 per litre on petrol exports while reducing the duty on diesel to Rs 16.5 per litre, effective from Saturday.The notification by the Ministry of Finance stated that the entry of Rs 3 per litre shall be substituted for petrol exports, while diesel has been revised to Rs 16.5 per litre.It further said the road and infrastructure cess has been reduced to ze…
Mumbai, May 15 (IANS) The Maharashtra State Road Transport Corporation (MSRTC), popularly known as the ‘Lal Pari’, is facing a fresh financial crisis following a recent spike in fuel prices. Maharashtra Transport Minister and MSRTC Chairman, Pratap Sarnaik, on Friday, indicated that the corporation may be forced to hike ticket fares to offset an estimated annual burden of approximately Rs 125 crore.The minister’s statement comes after the central government on Friday increased the prices of pe…
Gandhinagar, May 15 (IANS) The Gujarat government has reported a reduction in pilot vehicle calls to the Home Department over the last two days after introducing measures linked to Prime Minister Narendra Modi’s appeal for fuel conservation and reduced official travel.Ahead of the Cabinet meeting on Friday, Deputy Chief Minister Harsh Sanghavi said the decline in pilot vehicle deployments had already resulted in significant savings in fuel usage and manpower, as “the state administration inten…