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Daily revision of petrol, diesel rates from today

Daily revision of petrol, diesel rates from today

After the successful pilot in five cities, state-owned oil companies will from June 16 revise rates on a daily basis across all the 58,000 petrol pumps in the country.


Watch: Headlines @ 7:00pm

-Diesel rates dip by 85 paise and petrol rates by 32 paise.
-Ram Madhav attacks Aamir Khan on his statement on intolerance.
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Petrol, diesel rates likely to be cut by Re 1

Petrol and diesel prices are likely to be cut by close to Re 1 per litre this weekend on sliding global oil rates.

Oil Minister hints at deregulation of diesel rates

Under-recovery or the gap between retail selling price and the cost of import, this month dipped to an all-time low of 8 paise a litre.

Petrol price cut by 70 paise a litre

The price of petrol, which was last cut by 75 paise on March 31, will cost Rs 71.56 a litre in Delhi.

Petrol price to be cut by over Re 1

Petrol prices are likely to be cut by over one rupee a litre early next week as appreciation in value of rupee against US dollar and fall in global oil rates has made imports cheaper.

Govt may do a rethink on monthly hike in diesel rates: Nomura

State-owned fuel retailers currently lose about Rs 434 crore daily on the sale of diesel, PDS kerosene and domestic LPG at government controlled rates.

Losses on diesel sales at record Rs 14.50 a litre

Indian Oil Corp (IOC), Hindustan Petroleum Corp (HPCL) and Bharat Petroleum Corp (BPCL) are losing Rs 486 crore per day as they are made to sell diesel, domestic LPG and kerosene way below cost to keep inflation under check.

Oil cos demand one-time hike in diesel price

With 12 percent drop in rupee value against the US dollar making imports costlier, state- owned oil firms have demanded a one-time steep increase in diesel rates to make for the widening losses.

Diesel consumption goes up in Delhi

Consumption of diesel in Delhi has surged by 15 percent while that of petrol went down by nearly 1.5 percent in 2011-12 compared to the year before, reflecting a growing preference for diesel cars in the city.