New Delhi, June 4 (IANS) India will begin rolling out up to 100 E85 fuel dispensing stations across key urban corridors, including the National Capital Region, Mumbai, Pune and Nagpur, as part of a phased expansion plan to promote flex-fuel adoption in the country, Petroleum Minister Hardeep Singh Puri said on Thursday.Speaking at the launch of the Maruti Suzuki WagonR Flex Fuel here, Puri said that E85, a fuel blend containing up to 85 per cent ethanol, has been identified as the mono-fuel stan…
Latest Global Crude Oil Prices News & Updates
New Delhi, May 25 (IANS) Fuel prices were again hiked for the fourth time in a span of two weeks on Monday across the country.State-owned oil marketing companies on Monday increased petrol prices in Delhi by Rs 2.61 per litre and diesel prices by Rs 2.71 per litre. With the latest revision, petrol is now being sold at Rs 102.12 per litre, up from Rs 99.51 per litre, while diesel prices have climbed to Rs 95.20 per litre from Rs 92.49 per litre.The fresh hike comes just two days after fuel prices…
New Delhi, May 24 (IANS) Amid concerns over fuel availability in some areas, Bharat Petroleum Corporation Limited Former Marketing Director Sukhmal Kumar Jain on Sunday said there is no shortage of petrol or diesel in the country, adding that public sector oil marketing companies are fully managing fuel consumption and supply.Speaking exclusive to IANS, Jain said that public sector oil marketing companies (OMCs) operate around 85,000 retail outlets out of the nearly one lakh fuel stations across…
New Delhi, May 24 (IANS) Amid concerns over fuel availability in some areas, Bharat Petroleum Corporation Limited Marketing Director Sukhmal Kumar Jain on Sunday said there is no shortage of petrol or diesel in the country, adding that public sector oil marketing companies are fully managing fuel consumption and supply.Speaking exclusive to IANS, Jain said that public sector oil marketing companies (OMCs) operate around 85,000 retail outlets out of the nearly one lakh fuel stations across the co…
New Delhi, May 23 (IANS) There is no overall shortage of petrol and diesel in the country and outages reported at some retail outlets are “highly localised” and temporary, Indian Oil Corporation (IOC) said on Saturday.These small outages are caused by regional demand-supply mismatches and shifting sales patterns, the IOC said in a statement. The company is closely monitoring the situation and taking adequate measures to address these isolated situations and ensure uninterrupted fuel supplies to …
New Delhi, May 23 (IANS) Petrol and diesel prices were increased once again across India on Saturday, marking the third revision in retail fuel rates in just 10 days. Petrol became costlier by Rs 0.87 per litre, while diesel prices were raised by Rs 0.91 per litre by state-owned oil marketing companies. The latest hike comes amid sustained pressure from rising global crude oil prices and ongoing geopolitical tensions in West Asia, which continue to impact international energy markets.In the nati…
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) Congress President Mallikarjun Kharge on Tuesday criticised the Centre over the latest increase in petrol and diesel prices, alleging that the government was burdening common citizens while attempting to cover up its policy failures. His remarks came after state-run oil marketing companies raised petrol and diesel prices for the second time in less than a week amid rising global crude oil prices.Taking to social media platform X, Kharge said, “It has been barely four d…
New Delhi, May 19 (IANS) As state-run oil marketing companies increased petrol and diesel prices for the second time in less than a week amid rising global crude oil prices, people across Delhi and parts of Uttar Pradesh on Tuesday expressed concern over the growing financial burden. In Delhi, a garment seller said the fuel price hike was creating difficulties for people dependent on daily earnings.“I work in the clothing business and sell garments on the streets. My livelihood depends on dail…
New Delhi, May 19 (IANS) State-run oil marketing companies on Tuesday raised petrol and diesel prices for the second time in less than a week amid soaring global crude oil prices.Following the latest revision, petrol became costlier by 86 paise per litre and diesel by 83 paise per litre.In the national capital, petrol prices rose to Rs 98.64 per litre, while diesel prices increased to Rs 91.58 per litre.The increase comes days after oil firms raised petrol and diesel prices by Rs 3 per litre on …