"petroleum-planning-and-analysis-cell"

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 […]

This is for the first time since 1998-99 that consumption of petroleum products have shrunk in the country indicating the extent of economic impact that's the pandemic is having in the country.

Petrol sales, on the other hand, fell 6.5 per cent to 2.44 million tonnes in February and by about 3 per cent from a year earlier.