Mumbai, May 26 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Tuesday stated that there has been a significant increase in regional retail fuel consumption compared to typical seasonal patterns, highlighting that the state’s Food and Civil Supplies and Home Departments are jointly overseeing the supply and distribution pipelines.The state has expanded petrol distribution by 23 per cent and diesel by 52 per cent to stabilise market demand, he said.The CM stated that there seems to be hoar…
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Bhopal, May 26 (IANS) Veteran Congress leader and former Madhya Pradesh Chief Minister Kamal Nath on Tuesday accused the Centre of imposing a heavy tax burden on fuel, claiming the government earns around Rs 30 per litre on petrol and diesel while oil marketing companies post significant profits.He said the recent Rs 3 per litre hike in Madhya Pradesh has pushed petrol to around Rs 114.50 per litre and diesel to roughly Rs 100.09 per litre, adding to inflation and transportation costs for ordina…
New Delhi, May 25 (IANS) India’s push towards ethanol blending and renewable energy is helping reduce the country’s dependence on imported crude oil, Krishnakumar Gopalan, former Chairman and Managing Director of Bharat Petroleum Corporation Limited said on Monday.Speaking to IANS, he said the government had realised early the need for an energy transition and has been working closely with oil companies to reduce vulnerabilities arising from high crude imports.Speaking about India’s fuel s…
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 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…
Mumbai, May 23 (IANS): India’s fuel supply management has remained stable despite global disruptions, said former Chairman of Indraprastha Gas Limited (IGL) and former Director (HR) of Bharat Petroleum Corporation Limited (BPCL) Raj Kumar Dubey on Saturday.Speaking with IANS, Dubey said, “Supply management has been exemplary, otherwise you would have faced shortages like several other countries. But India never faced any shortages in terms of fuel, petrol and diesel. LPG is an area of concer…
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) BJP and its allies on Tuesday defended the recent hikes in petrol and diesel prices, arguing that despite the global energy crisis triggered by tensions in West Asia, fuel costs in India remain comparatively lower than in many countries.The reactions came after state-run oil marketing companies revised fuel prices for the second time in less than a week amid a sharp rise in international crude oil prices linked to the ongoing conflict in the Gulf region and concerns over…
New Delhi, May 16 (IANS) The Gig & Platform Service Workers Union (GIPSWU) called for a nationwide temporary shutdown of app-based services between 12 pm and 5 pm on Saturday, while demanding a minimum payment of Rs 20 per kilometre for delivery and transport workers following the latest fuel price hike.In a statement, the union said the recent increase in petrol and diesel prices would place an additional financial burden on workers engaged in food delivery, ride-hailing, logistics and othe…
New Delhi, May 15 (IANS) The Indian rupee breached the 96-mark against the US dollar on Friday amid persistent global pressures, rising crude oil prices, and continued geopolitical tensions linked to the Iran conflict.Earlier in the day, the domestic currency opened at 95.86 in the interbank foreign exchange market and slipped to 95.94 during early trade, after touching an all-time low of 95.96 in the previous session.Pressure on the rupee also intensified after oil marketing companies (OMCs) in…