OMCs unlikely to cut fuel prices despite fall in crude rate

An official from one of the OMCs, on condition of anonymity, said oil companies have suffered a major loss in the past few quarters, thus there is no scope to cut the fuel price.

published on : 27th September 2022

Windfall tax on domestic crude oil cut

The basket of crude oil that India buys has averaged USD 92.67 per barrel in September as against USD 97.40 in the previous month.

published on : 16th September 2022

Steps to check prices will be felt more significantly in coming months: Finance Ministry

This is the second instance since RBI adopted the inflation targeting approach that the retail inflation has breached the upper tolerance limit of 6 per cent for eight consecutive months.

published on : 12th September 2022

Kerala CPM MP writes to Hardeep Puri, expresses concern over fuel shortage

"It is said that the decision to cut short the fuel distribution to Hindustan Petroleum Corporation Limited (HPCL) pumps has resulted in shortage," Sivadasan's letter read.

published on : 12th September 2022

'Petrol, diesel prices regulated by election dates and not global rates': Congress hits out at BJP

Congress spokesperson Gourav Vallabh asked why the consumers had to bear the brunt of high fuel prices when crude oil prices were at a seven-month low.

published on : 12th September 2022

Oil prices at seven-month low but no change in petrol, diesel prices in India

International benchmark Brent crude fell below USD 90 per barrel last week for the first time since early February as recession fears weigh on demand.

published on : 11th September 2022

UK's Truss freezes energy bills in first big policy shift

Truss said "decades of short-term thinking on energy" and failing to secure supplies had left Britain, which is heavily reliant on gas for its energy needs, vulnerable to price shocks.

published on : 8th September 2022

INTERVIEW | Airlines can offer fares as per demand & supply, says Aviation Minister Scindia

Scindia speaks about measures taken to reduce Aviation Turbine Fuel (ATF) prices and the growth plans for the aviation sector.

published on : 6th September 2022

Fuelling Chennai: Flagbearers of fitness & form by Madras Musings

Four experts from the fitness industry in Chennai speak about their journeys and how movement is the new game changer in the city 

published on : 3rd September 2022

Excise duty on exports of diesel, ATF hiked

Govt also raised windfall tax on domestically-produced crude from C13K to C13,300 a tonne

published on : 2nd September 2022

Greenhouse gas, sea levels at record in 2021: US agency  

The US agency said that the concentration of greenhouse gas in the atmosphere stood at 414.7 parts per million in 2021, 2.3 parts higher than in 2020.

published on : 1st September 2022

Fuel demand in August: Petrol sales rebound, diesel shows decline

Petrol sales, which had dipped 5 per cent in July, increased 5.8 per cent to 2.81 million tonnes in August when compared with 2.66 million tonnes of demand in the previous month

published on : 1st September 2022

CIL has not raised prices in 4 years, Coal India chairman says at AGM

The CIL chief had said earlier that the company was in discussion with all "stakeholders" on revising coal prices in the wake of a jump in operational cost.

published on : 30th August 2022

India facilitated diplomatic clearances for Sri Lankan Navy ship

Australia recently provided $75 million to Sri Lanka as part of food and medicine aid.

published on : 27th August 2022

Karnataka opposition demands tax cuts, decrease in fuel prices citing fall in crude oil rates

Citing falling crude oil rates, opposition leaders in Karnataka have demanded that the government bring down prices of petrol and diesel, to ease the burden on the common man.

published on : 26th August 2022

Centre not doing anything to lower fuel prices: Telangana IT Minister KTR

The Modi government’s excuse that international crude oil prices are the reason for the increase in fuel prices has once again been proven wrong, remarked Rama Rao.

published on : 25th August 2022

Sri Lanka aims to cut fiscal deficit in budget 2023 amidst economic crisis: Senior minister

Sri Lanka is planning to cut the budget deficit to 6.8 per cent of gross domestic product in 2023 from an expected 9.9 per cent in 2022," said Bandula Gunawardena, the Cabinet spokesman.

published on : 23rd August 2022

Cycling to work still a distant, unsafe dream

Techies who have moved to Bengaluru after working in other countries, are demanding spaces to walk and cycle.

published on : 22nd August 2022

Oil at six-month low: Petrol at breakeven, losses continue on diesel 

The world's best-known crude benchmark, Brent was trading at USD 94.91 per barrel after concerns of a global recession led to it slipping to a six-month low of USD 91.51 on the previous day.

published on : 18th August 2022

Elevated ATF prices, rupee depreciation likely to pose threat to domestic carriers' recovery: Report 

In India, ATF accounts for around 45 per cent of the operational cost of an airline.  Besides, as much as 35-50 per cent of the airlines' operating expenses are US dollar driven, as per ICRA.

published on : 17th August 2022
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