NEW DELHI: There's finally some cheer for consumers ahead of the festive season. State-run fuel retailers on Monday slashed petrol price by over Rs 3 a litre and raised diesel rate by 50 paise a litre, both excluding state taxes.
Showing posts with label petrol. Show all posts
Showing posts with label petrol. Show all posts
Tuesday, 1 October 2013
Thursday, 26 September 2013
Veerappa Moily hints at petrol price cut
ANGALORE: Union petroleum minister M Veerappa Moily on Wednesday indicated the UPA government is working on a plan to reduce petrol prices but didn't specify the extent or the timing.
"We are planning for an additional import of 11 million tonnes from Iran and pay them in rupees. This will save us 8.47 billion dollars,'' he said.
Moily said the ministry also is considering reversing a decision that forced state transport utilities and other bulk consumers to pay market price for diesel and ruled out any plan to raise diesel prices for now. "We will positively consider allowing state fleets to purchase diesel at the subsidized price in view of the need to encourage public transport," he said.
"We are planning for an additional import of 11 million tonnes from Iran and pay them in rupees. This will save us 8.47 billion dollars,'' he said.
Moily said the ministry also is considering reversing a decision that forced state transport utilities and other bulk consumers to pay market price for diesel and ruled out any plan to raise diesel prices for now. "We will positively consider allowing state fleets to purchase diesel at the subsidized price in view of the need to encourage public transport," he said.
Friday, 13 September 2013
Petrol price hiked by Rs 1.63 a litre, 7th increase since June
NEW DELHI: Petrol prices were on Friday hiked by Rs 1.63 per litre, the seventh increase since June, on rising oil rates and falling rupee.
The increase excludes local sales tax or VAT and will be effective midnight tonight, oil firms said.
The petrol price in Delhi will go up by Rs 1.96 to Rs 76.06 per litre, while it will cost Rs 83.63 per litre in Mumbai as against Rs 81.57 currently.
The increase excludes local sales tax or VAT and will be effective midnight tonight, oil firms said.
The petrol price in Delhi will go up by Rs 1.96 to Rs 76.06 per litre, while it will cost Rs 83.63 per litre in Mumbai as against Rs 81.57 currently.
Thursday, 12 September 2013
Toyota launches Etios, Etios Liva Xclusive editions
Toyota has given the 'G' variants of the Etios sedan and Etios Liva hatchback dual tone interiors and more equipment to badge the new variants as Xclusive editions
Toyota has tried to freshen up the Etios sedan and the Etios Liva hatchback with the introduction of what it calls 'Xclusive' editions that gives the cars beige and light pink coloured interior trim along with new dual-tone seats, a chrome accentuated gear knob, Bluetooth enabled stereo, rear parking sensors and Xclusive badging on the boot.
Petrol may be cheaper marginally
NEW DELHI: There could be some good news around the corner for petrol consumers by way of a small reduction in price if the rupee remains north bound but an across-the-board hike — in diesel and kitchen fuel prices — appears inevitable.
The price of crude mix that state refiners buy dropped to $110.15 per barrel on Tuesday from a high of $112.26 on Monday. In rupee terms, too, the price followed the trend to slide to Rs 7073.83 per barrel from Rs 7404.67. According to Petroleum Planning and Analysis Cell — an oil ministry arm that tracks the country's oil and gas consumption — the cooling sign was sparked by twin factors of fall in international oil prices in dollar terms and the rupee appreciation to Rs 64.22 to a dollar from Rs 65.96.
The rupee continued its rally against dollar for the fifth straight session, appreciating by 46 paise to close at 63.37 on Wednesday after fresh RBI steps to boost foreign fund inflows and hopes of a diplomatic solution in conflict-ridden Syria reduced the dollar's appeal as a safer investment.
The price of crude mix that state refiners buy dropped to $110.15 per barrel on Tuesday from a high of $112.26 on Monday. In rupee terms, too, the price followed the trend to slide to Rs 7073.83 per barrel from Rs 7404.67. According to Petroleum Planning and Analysis Cell — an oil ministry arm that tracks the country's oil and gas consumption — the cooling sign was sparked by twin factors of fall in international oil prices in dollar terms and the rupee appreciation to Rs 64.22 to a dollar from Rs 65.96.
The rupee continued its rally against dollar for the fifth straight session, appreciating by 46 paise to close at 63.37 on Wednesday after fresh RBI steps to boost foreign fund inflows and hopes of a diplomatic solution in conflict-ridden Syria reduced the dollar's appeal as a safer investment.
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