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The small outages are caused by regional demand-supply mismatches and shifting sales patterns, the IOC said in a statement
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Petrol and diesel prices were hiked again in Hyderabad amid soaring crude oil prices linked to the West Asia conflict. Petrol now costs Rs 112.81 per litre, while diesel crossed Rs 100. IOC said fuel shortages reported at some outlets were temporary and localised
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Petrol and diesel prices were increased across India for the third time in 10 days amid rising global crude oil prices and West Asia tensions. The latest revision has intensified concerns over inflation, transport costs and the burden on commuters and businesses nationwide.
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India’s Rs 3.91 per litre fuel price hike is reportedly the lowest among major economies amid global crude oil volatility. State-run oil firms absorbed rising costs for 76 days, while countries like Pakistan, the US, and UAE witnessed significantly steeper petrol and diesel price increases.India’s Rs 3.91 per litre fuel price hike is reportedly the lowest among major economies amid global crude oil volatility. State-run oil firms absorbed rising costs for 76 days, while countries like Pakistan, the US, and UAE witnessed significantly steepe
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The Centre has revised export taxes on petroleum products, imposing a Rs 3 per litre special additional excise duty on petrol exports while reducing duties on diesel and aviation turbine fuel. The move comes amid volatile global oil markets and continuing West Asia tensions.
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The government ruled out fuel rationing despite global energy disruptions, assuring adequate crude and LPG stocks. Oil Secretary Neeraj Mittal said India has diversified imports, maintained strategic inventories and absorbed price shocks through fiscal measures while managing supply risks caused by the West Asia conflict
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Fuel prices may likely increase with OMC's facing severe financial strain and no sign of lowering demands.
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The Civil Supplies Department clarified that there is no shortage of petrol or diesel in the State, urging citizens to ignore rumours and avoid panic buying, while warning against illegal stockpiling and assuring uninterrupted fuel supply
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State-owned oil companies are incurring losses of Rs 18 per litre on petrol and Rs 35 on diesel as fuel prices remain unchanged despite rising crude costs. The losses may lead to price hikes after upcoming state elections
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The government has reduced excise duty by Rs 10 per litre on petrol and diesel but retail prices remain unchanged. OMCs absorb under-recoveries to maintain supply amid soaring global crude prices, while an export levy on diesel prioritises domestic demand.
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Premium petrol prices have increased in Rajasthan by up to ₹2.3 per litre amid global crude volatility and Gulf tensions, while regular petrol rates remain unchanged, offering temporary relief as oil companies pass on rising input costs.
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A paddy farmer in Annaram village tried to set himself on fire after waiting over a month for his crop to be weighed. Delays and perceived favoritism at the IKP centre triggered the extreme step
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Diesel, India's most consumed petroleum fuel and lifeline of transport and rural agri economy, saw just 2 per cent growth in demand in fiscal year ended March 31, 2024 and no growth at all in the preceding financial year
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The news comes days after there was a buzz around prices of petrol and diesel being slashed owing to the falling crude oil prices.
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Ballem Gautham (24) from Dantalaboru village in Paloncha mandal married Ejju Kavya from Ramachandrunipeta after they fell in love three years ago. The couple was residing in Sujatha Nagar, where Gautham worked as an electrician.
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Accused Vignesh, who broke up with 16-year-old and married another woman, on the run
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ICRA: Stable Crude Prices Could Lead to Rs 2-3 per Litre Cut in Petrol, Diesel
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BJP workers and leaders led by its state President B Y Vijayendra sought to mark their protest by riding bicycles from the party's state office 'Jagannath Bhavan' to 'Vidhana Soudha'.
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Around 3 am, the man came on a motorcycle to the mosque, parked his bike and took out a bottle of fuel he was carrying.
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While IOCL has depots at Kavaratti and Minicoy, the product at these depots is supplied from the IOCL depot in Kochi, Kerala.