Pump prices for diesel

Consumers have been spared of another increase in fuel prices with oil marketing companies deciding to keep petrol and diesel rates static for fourth consecutive day on the back of softening seen in international oil markets. Accordingly, petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the capital. Across the country as well the petrol and diesel price remain unchanged. After a spike in global oil prices seen over last two weeks with crude price jumping close to $67 a barrel, prices have now fallen to around $ 63 a barrel over indications that production cuts would be eased by oil producers from next month. This, along with continuing pandemic and demand disruptions in few major markets has reduced the pace of oil price rise. Steady fuel prices comes as a major relief to consumers who have seen their transportation expenses sea rise quickly over past couple of months. Even the trade is feeling the pinch as higher oil prices have ... » Learn More about Petrol, diesel rate unchanged for 4th consecutive day

New Delhi : Various stakeholders have urged the government to cut excise duty on petrol and diesel to rescue consumers from the spiralling prices of the auto fuels amid the pandemic. Sources said that the Finance Ministry has been urged to take a call on the high levels of duty on the two petroleum products as its higher prices also has an impact on inflation that has fallen to 4.06 per cent in January but has the potential to rise further. The news of a successful Covid-19 vaccine and production cut by oil rich countries has suddenly firmed up global oil prices that gained over $ 10 per barrel since January hover close to $ 65 a barrel now. What this has done is that it has put pressure on petrol and diesel prices that have been raised consistently for past two month by oil marketing companies taking petrol and diesel prices to touch new highs. In Mumbai , petrol is priced 97.57 a litre on Tuesday very close to reaching Rs 100 a litre. In other metro cities also the ... » Learn More about Stakeholders urge Centre to cut excise duty on auto fuels

Aurangabad: In a reflection of the impact of the frequent rise in the prices of petrol and diesel on maintaining vehicles, dealers in Maharashtra 's Aurangabad are seeing a rise in enquiries as well as sale of mainly electric two-wheelers and three-wheelers. According to dealers, they are facing a shortage of these two-wheelers and three-wheelers in the largest city in the Marathwada region of the state. "People willing to buy electric two-wheelers and three-wheelers are now on a waiting list as the scooters are not in stock now unlike in the past," a dealer told . In Aurangabad city , prices of petrol have soared to Rs 98.72 per litre and that of diesel to Rs 89.75 per litre, a petrol pump owner said on Wednesday. Another dealer said he had already exhausted the stock of electric two-wheelers and three-wheeler rickshaws. "In the initial phase of the unlockdown, our company carried out an online advertisement campaign which helped us to grow our business. Later, as ... » Learn More about Maharashtra: Costly fuel propels demand for electric scooters