Petrol prices slashed by Rs 1.27/litre; diesel by Rs 1.17

Petrol price was Friday cut by Rs 1.27 per litre and diesel by Rs 1.17 a litre, the second reduction in rates this month following global cues.

Crude oil rates likely to remain in current range: IOC chief

"Looking at the current trend and global developments, we certainly believe that the crude prices are likely to remain in the current range," he told reporters here.

Bus fares slashed in Odisha after fuel price reduction

 The bus fare across Odisha was today reduced by two to four paise per kilometre under automatic fare revision mechanism after reduction of fuel price last night.

Relief for middle class as petrol, diesel, non-subsidised LPG become cheaper
Relief for middle class as petrol, diesel, non-subsidised LPG become cheaper

Petrol in Delhi will cost Rs 64.47 per litre instead of Rs 66.90 at present, while a litre of diesel will cost Rs 46.12 as against Rs 49.72 currently.

Petrol prices cut by Rs 2.43 per litre; diesel by Rs 3.60
Petrol prices cut by Rs 2.43 per litre; diesel by Rs 3.60

The new rates announced by the oil marketing companies will be effective from midnight tonight.

Petrol price hiked by 64 paise per litre; diesel cut by Rs 1.35

Petrol price was Monday hiked by 64 paise a litre, but diesel price was cut by Rs 1.35 per litre in line with trend in global oil rates.

Odisha introduces automatic mechanism to fix bus fare

The Odisha government on Thursday decided to implement an automatic mechanism to fix the bus fare with rise and fall of fuel price besides effecting a hike in bus fares by four to eight paise per km with immediate effect.

Fuel price hike: Digvijaya Singh taunts govt, says 'achhe din aa gaye'

Taking a jibe at the ruling Bharatiya Janata Party (BJP) over its tall promises of bringing 'ache din' during the campaigning for the Lok Sabha polls, Congress leader Digvijaya Singh on Friday taunted the Centre over the hike in fuel prices and wondered whether Finance Minister Arun Jaitley would reduce the Central Excise Duty to absorb the international price hike.

Kerala affected by 12-hour shutdown

Wednesday dawned in Kerala with the state observing a shutdown, the third so far this year, paralysing transport and life in villages and coastal areas. The 12-hour shutdown will end at 6 pm.

Canada inflation holds steady at 1.0%: government

Canada`s inflation rate held steady at 1.0 percent in February, with low fuel prices keeping consumer spending in check.

IMF applauds India for cutting fuel subsidy

The International Monetary Fund (IMF) had lauded India's efforts to cut fuel subsidies, saying the fall in global crude oil prices provides a golden opportunity to reduce energy subsidies.

Will pass on benefit of dip in world oil prices to consumer: Jaitley

Union Finance Minister Arun Jaitley on Friday asserted that the government will pass on the benefit of dip in international oil prices to the consumer, while he defended imposition of excise duty saying that funds for social spending also has to be raised.

Hike in fuel excise duty aimed to meet budget deficit: Pradhan

The government had yesterday raised excise duty on petrol by Rs 2.25 per litre and by Re 1 a litre on diesel but retail pump rates will not be increased as oil firms decided to absorb the duty change for the time being.

Excise duty on petrol, diesel raised; no impact on prices

Government on Tuesday raised excise duty on petrol and diesel by Rs 2.25 and Rs 1 a litre respectively, but consumers will be spared of price hike.

Excise tax on petrol hiked by Rs 2.25, disel by Rs 1 per litre

Government hiked excise duty on petrol by Rs 2.25 a litre, and on diesel by Rs 1 a litre effective tonight.

Petrol price cut by 91 paise a litre, diesel by 84 paise

State-owned oil companies on Sunday slashed the prices of perol and diesel by 91 paise and 84 paise respectively, to be effective from midnight tonight.

Excise on petrol, diesel hiked; no increase in retail rates

The duty hike, which was notified late last evening, will boost government revenue by about Rs 13,000 crore on an annual basis and help contain budget deficit.

Excise duty on petrol, diesel hiked by Rs 1.50/ltr; fuel price cut unlikely

Speculations of fuel price cut in the wake of falling international crude oil prices might have to be put on rest as the government on Thursday cut excise duty on petrol and diesel hiked by Rs 1.50 per litre.

Diesel, petrol price expected to be slashed by Rs 2.50 before Jharkhand, J&K polls

If rates are slashed, it will be the sixth consecutive reduction in petrol prices since August and the first cut in diesel rates ever since government deregulated diesel prices this month.

Privately, Saudis tell oil market: Get used to lower prices

Saudi Arabia is quietly telling oil market participants that Riyadh is comfortable with markedly lower oil prices for an extended period.