New Delhi | Prices of petrol and diesel were unchanged for the 8th consecutive day across the four metros on Sunday. The stagnation in fuel price revision can be attributed to the global developments on oil production and rising US inventories which softened crude and product rates. International crude prices declined around 10 per cent to […]
Category: Business
Petrol price moves up further, diesel rate unchanged
New Delhi | Global cues pushed petrol prices to increase again across the country on Saturday adding further pressure to the stretched budgets of consumers grappling with rising food prices amidst shrinking income. However, unlike uniform price movement earlier, oil marketing companies on Saturday increased the pump price of petrol only and kept diesel rates unchanged […]
Pandemic pain: Fuel prices rose over Rs 20/ltr in FY21, by Rs 10 this yr
New Delhi | You must be feeling the pain of rising fuel prices after it hit the century mark across the country last month. But, the rise has not been sudden and the pain has been consistent throughout the last financial year and this year too, taking the pump prices of petrol and diesel to unprecedented […]
No fuel price hike for second straight day
New Delhi | The oil marketing companies kept the retail price of petrol and diesel unchanged on Wednesday, the second consecutive day of no change, to analyse the global oil price movement before making further revisions. After crossing $77 a barrel, global crude prices have softened a bit with differences surfacing in oil cartel OPEC over […]
India’s June retail inflation eases sequentially, but still over 6%
New Delhi | India’s June retail inflation eased up on a sequential basis but still managed to remain above the 6 per cent threshold. According to the data furnished by the National Statistical Office (NSO), the Consumer Price Index (CPI) slipped to 6.26 per cent last month from 6.30 per cent in May. Region wise, the […]
Petrol costlier, diesel rate cut 1st time in 3 months
New Delhi | Global cues pushed fuel prices to increase again across the country on Monday adding more misery to the common man already grappling with rising food prices amid shrinking income. However, unlike uniform price movement earlier, oil marketing companies on Monday continued with their practice adopted more than two months ago to increase the […]
Hike in petrol prices, diesel unchanged
New Delhi | In relief to transport sector, OMCs raised petrol prices as global cues pushed fuel prices up across the country on Friday adding to common man’s misery, even as he already grapples with high food prices amid shrinking income. But this time round, the oil companies have only increased the pump price of petrol […]
Rupee weakens further amid strong dollar, rising oil prices
Mumbai | The Indian rupee continued to depreciate on Wednesday amid a strengthening dollar across currencies globally. The rupee ended at 74.32 per dollar on Wednesday, weakening by 9 paise from its previous close. Rahul Gupta, Head Of Research (Currency), Emkay Global Financial Services, said: “The rupee is on an edge, for which the greater sensitivity […]
Fuel prices rise by Rs 8.50 per litre during peak of Covid
New Delhi | You May not have realised it, but your fuel bill silently increased by about 10 per cent in the past two months during the peak of the second Covid wave that disrupted millions of lives in the country. Starting from a price line of Rs 90.40 a litre on May 1, petrol is […]
Petrol, diesel on a roll, rates rise by 35 p/ltr
New Delhi | Global cues pushed fuel prices to increase again across the country on Saturday, adding more misery for the common man already grappling with rising food prices amidst shrinking income. The retail prices of both petrol and diesel rose by a sharp 35 paise per litre on Saturday to touch new high of Rs […]