New Delhi, April 1 (IANS) The government on Wednesday said that domestic airfares are unlikely to see a sharp rise as it has cushioned the impact of a steep surge in aviation turbine fuel (ATF) prices by allowing only a partial increase for domestic airlines.According to the Ministry of Petroleum and Natural Gas (MoPNG), ATF prices in India — deregulated since 2001 — are revised monthly based on international benchmarks. Given the current geopolitical situation, ATF prices for domestic markets…
Latest Indian Oil Corporation News & Updates
New Delhi, April 1 (IANS) PSU oil marketing major Indian Oil Corporation (IOC) has increased the prices of its premium fuels in the national capital.XP100 petrol is now priced at Rs 160 per litre, up from Rs 149 earlier. The high-octane fuel is primarily used in luxury vehicles and high-performance motorcycles to enhance engine efficiency.Similarly, the company has raised the price of Xtra Green diesel (premium diesel), which now costs Rs 92.99 per litre in Delhi, compared to Rs 91.49 previously…
Bengaluru, March 31 (IANS) The Congress on Tuesday launched a scathing attack on the Bharatiya Janata Party-led Central Government over a fresh wave of price hikes set to take effect on April 1.Addressing a joint press conference at the KPCC headquarters in Bengaluru, AICC general secretary Randeep Singh Surjewala and Karnataka deputy Chief Minister DK Shivakumar categorized the new fiscal year as a “day of loot, rob, and fleece” for the hardworking citizens of the country.Surjewala said, “Com…
Patna, March 27 (IANS) Bharatiya Janata Party (BJP) MP Manoj Tiwari on Friday hailed the Centre’s move to cut excise duty on petrol and diesel, calling it a “Ram Navami gift for the country”.Manoj Tiwari said, “This is the biggest news of the day. The country has received a gift on Ram Navami.””There was a feeling in the country that, as a result of the conflict in the Gulf region, the prices of petrol and diesel could increase by Rs 10 to Rs 12 (per litre). But the Indian government took the en…
New Delhi, March 27 (IANS) BJP MPs Anurag Thakur and Hema Malini on Friday welcomed the central government’s decision to slash excise duties on petrol and diesel by Rs 10 per litre each, bringing them down to Rs 3 per litre for petrol and zero for diesel, in a move aimed at cushioning the impact of surging global oil prices.The reduction comes amid fears of a price hike due to the global energy crisis, triggered by the US-Israel conflict with Iran and the resultant blockade of the Strait of Horm…
New Delhi, March 27 (IANS) The government on Friday said retail pump prices of petrol and diesel will not change, and the excise reduction is not being passed on as a price cut at the pump.Instead, it directly reduces the under-recoveries being absorbed by public sector oil marketing companies (OMCs) — Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation — who have continued to supply fuel to Indian consumers at prices well below their cost of supply, the …
New Delhi, March 26 (IANS) Nayara Energy on Thursday increased petrol and diesel prices, becoming one of the first fuel retailers in India to pass on the recent rise in global crude oil prices to consumers.The company has raised petrol prices by Rs 5 per litre and diesel by Rs 3 per litre, according to sources.The actual increase may vary slightly across states due to differences in local taxes such as VAT. In some regions, petrol prices have gone up by as much as Rs 5.30 per litre.The move come…
Srinagar, March 25 (IANS) Panic gripped people across the Kashmir Valley on Wednesday as motorists, trucks and owners of other conveyances mobbed petrol/diesel pumps trying to buy fuel. This is happening despite announcements made by the Indian Oil Corporation that there is no shortage of petroleum products in Jammu and Kashmir.People started mobbing refilling stations in Kashmir as news spread from one area to another, saying that acute energy crisis was gripping the Valley.At many places, poli…
Ahmedabad/Gandhinagar, March 23 (IANS) Fuel supply in parts of Gujarat is expected to stabilise within the next one to two days, officials said on Monday, even as the state government and oil companies reiterated that there is no overall shortage of petrol and diesel. The assurance comes after concerns over availability led to queues at some petrol pumps in parts of the state, with dealers attributing temporary disruptions to operational factors rather than any systemic shortage.Tansukh Pa…
Bengaluru, March 18 (IANS) Karnataka Food and Civil Supplies Minister K.H. Muniyappa on Wednesday informed the Legislative Council that the state is facing a shortage of commercial LPG cylinders and urged hotel owners and other commercial users to cooperate for a week until fresh supplies arrive.The minister said that only a limited number of commercial cooking gas cylinders can currently be supplied to hotels, restaurants, industries, and dhabas due to restrictions and supply issues.Muniyappa s…