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Fuel prices in Hyderabad have risen sharply over the past month, with petrol increasing by nearly ₹8 per litre. Following the US–Iran agreement to ease tensions around the Strait of Hormuz, consumers are now hoping for relief at the pumps.
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Crisil has warned that rising petrol and diesel prices could increase inflationary pressures by raising transport, logistics and manufacturing costs. Higher fuel prices are expected to impact food and core inflation, though GST cuts may partially offset the effect on consumer prices
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BRS leader T Harish Rao urged Chief Minister A Revanth Reddy to reduce VAT on petrol and diesel, alleging that rising fuel prices were burdening people. He claimed the Telangana government was earning higher revenues through increased fuel taxes while people struggled with inflation
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Rahul Gandhi and Mallikarjun Kharge attacked the Modi government over repeated fuel price hikes, accusing it of burdening citizens despite falling global crude prices. Congress alleged “fuel loot”, questioned rising excise collections and claimed inflation was hurting households, farmers and small businesses
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Petrol and diesel prices were increased again across India, taking cumulative hikes to nearly Rs 7.5 per litre within two weeks, as rising crude oil prices, weaker rupee and global tensions pushed import and refining costs higher.
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Fuel prices in Hyderabad have been increased again, marking the second hike in four days. Petrol now costs Rs 111.77 and diesel Rs 99.89, following earlier revisions on May 15.
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Indian National Congress criticised the Centre over the second fuel-price hike in a week, warning of rising inflation and economic distress. Congress leaders accused the Modi government of failing to safeguard India’s energy security and demanded a concrete fuel pricing action plan
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Mallikarjun Kharge criticised Prime Minister Narendra Modi and the BJP-led Centre over the recent fuel price hike, alleging the government delayed increasing petrol and diesel rates until after elections to avoid electoral damage while worsening inflation and burdening the poor
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People in Telangana are reminding Chief Minister Revanth Reddy of his earlier criticism of fuel price hikes and demanding that his government reduce VAT on petrol and diesel, as fuel prices in the State continue to remain among the highest in India
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India’s state-run oil companies are facing massive first-quarter losses as rising crude prices and frozen fuel rates widen under-recoveries. Despite global energy turmoil, petrol and diesel prices remain unchanged, forcing IOC, BPCL and HPCL to absorb daily losses while maintaining uninterrupted fuel and LPG supplies
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Opposition leaders warned of potential LPG shortages and rising fuel prices amid West Asia tensions, citing impacts on households and businesses. Ruling alliance MPs dismissed fears, citing India’s alternative energy sources and urging against public panic over supply disruptions
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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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Y S Sharmila noted that a litre of petrol costs Rs 109.6 in Andhra Pradesh and diesel Rs 97.4, whereas in Tamil Nadu, they cost Rs 100.8 and Rs 92.3, respectively
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Secretary, Ministry of Petroleum and Natural Gas, Pankaj Jain, had said that the state-run oil marketing companies (OMCs) may consider reducing petrol and diesel prices if international crude prices stay low for an extended period
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The Ministry of Petroleum and Natural Gas said in a post on X that OMCs have informed that they have revised petrol and diesel prices across the country. New prices would be effective from March 15, 2024, 6 am
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Hyderabad: The electric vehicle sector in the state appears to be gaining steam as many EV companies are foraying into Telangana. In 2021-2022, five EV popular companies (with a total investment of Rs 5147 Crore) have signed agreements with the state government to set up their manufacturing units in the state. Thanks to Telangana’s ‘Electric […]
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Hyderabad: TRS working president and Minister KT Rama Rao on Wednesday demanded the union government to reduce the prices of petroleum products and relieve people from the burden in the wake of a huge drop in international crude oil prices. Seeking the immediate intervention of Prime Minister Narendra Modi in this regard, he said the […]
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New Delhi: Petrol and diesel prices are likely to be hiked this week as oil companies prepare to pare losses accumulated from keeping rates steady for over four months in the run-up to Assembly elections in five States, including UP, despite international oil prices jumping to a 13-year high of USD 140 per barrel. West […]
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New Delhi: Oil marketing companies have kept prices of diesel and petrol unchanged across major Indian cities on Sunday. Accordingly, diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively. In the financial capital Mumbai, the prices were unchanged at Rs 94.14 and Rs 109.98. Prices also remained […]
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New Delhi: Oil marketing companies (OMC) have kept diesel and petrol prices unchanged across major Indian cities on Monday. Accordingly, diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively. In the financial capital Mumbai, the rates were also unchanged at Rs 94.14 and Rs 109.98, respectively. Prices […]
