India imports around 85 per cent of its crude oil requirement, and a surge in oil prices leads to an increase in its oil import bill and pushes up the rate of inflation, which hurts economic growth. The larger outgo of foreign exchange also leads to a weakening of the rupee vis-a-vis the US dollar.
The police reported that a fire suddenly broke out in a vehicle that had just reached the petrol pump near the Criminal Courts Complex on the busy road. The quick-thinking driver, noticing the flames, promptly drove the fuel tanker away from the pump and stopped it on the road to prevent further danger.
The petrol pump was recently brought to light by city-based Raju Alluri, the existence of this relic from the past has sparked curiosity among park-goers
New Delhi: Petrol pump dealers across 24 states have decided not to purchase diesel and petrol from oil companies on Tuesday to mark their protest against dealers’ commission which has not been revised since long, it was announced on Monday. Around 70,000 outlets across 24 states will not buy fuel from oil marketing companies. “Dealers […]