Petrol Price Rise

Indian tomato prices are soaring due to adverse weather, triggering a wave of social media memes comparing the cost of the essential ingredient with anything from petrol to political influence.

International oil prices have hit a seven-month low but there is no change in retail selling price of petrol and diesel in India as state-owned fuel retailers recoup losses incurred for holding rates for a record five months despite rising cost.

Rising inflation in Pakistan, accelerating to 27.3 per cent in August -- a 47-year high -- can trigger "social protest and instability" in the cash-strapped country, the International Monetary Fund (IMF) has warned.

The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd this fiscal, Fitch Ratings said on Wednesday.

Petrol prices were increased 78 times, while diesel rates were increased 76 times in Delhi during the financial year 2021-2022, the government told the Parliament today.

The Congress and other Opposition leaders on Tuesday held a protest over the issue of price rise in Parliament complex here, a day after the Goods and Services Tax on packaged food items such as milk and curd came into force.

The basket of crude oil that India buys has hit a decade high of $121 per barrel, but retail selling prices of petrol and diesel remain unchanged

Petrol, Diesel Prices Today: Fuel prices remained unchanged today on June 10, 2022 for the 19th consecutive day across four metros

Petrol, Diesel Prices Today: Fuel prices remained unchanged on June 9, 2022 for the 18th consecutive day across four metros

With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses

India's retail inflation likely rose to an 18-month high in April, largely driven by rising fuel and food prices as per a Reuters poll.

Crisis-hit Sri Lanka today raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves.

India's export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening

Government is considering spending an additional Rs 2 lakh crores ($26 billion) in the current fiscal to cushion consumers from rising prices

In a bid to reduce the rising fuel prices, the central government has cut down the central excise duty on petrol by Rs. 8 and diesel by Rs. 6 per litre.

Indian tomato prices are soaring due to adverse weather, triggering a wave of social media memes comparing the cost of the essential ingredient with anything from petrol to political influence.

International oil prices have hit a seven-month low but there is no change in retail selling price of petrol and diesel in India as state-owned fuel retailers recoup losses incurred for holding rates for a record five months despite rising cost.

Rising inflation in Pakistan, accelerating to 27.3 per cent in August -- a 47-year high -- can trigger "social protest and instability" in the cash-strapped country, the International Monetary Fund (IMF) has warned.

The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd this fiscal, Fitch Ratings said on Wednesday.

Petrol prices were increased 78 times, while diesel rates were increased 76 times in Delhi during the financial year 2021-2022, the government told the Parliament today.

The Congress and other Opposition leaders on Tuesday held a protest over the issue of price rise in Parliament complex here, a day after the Goods and Services Tax on packaged food items such as milk and curd came into force.

The basket of crude oil that India buys has hit a decade high of $121 per barrel, but retail selling prices of petrol and diesel remain unchanged

Petrol, Diesel Prices Today: Fuel prices remained unchanged today on June 10, 2022 for the 19th consecutive day across four metros

Petrol, Diesel Prices Today: Fuel prices remained unchanged on June 9, 2022 for the 18th consecutive day across four metros

With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses

India's retail inflation likely rose to an 18-month high in April, largely driven by rising fuel and food prices as per a Reuters poll.

Crisis-hit Sri Lanka today raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves.

India's export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening

Government is considering spending an additional Rs 2 lakh crores ($26 billion) in the current fiscal to cushion consumers from rising prices

In a bid to reduce the rising fuel prices, the central government has cut down the central excise duty on petrol by Rs. 8 and diesel by Rs. 6 per litre.