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4 mins read

Headroom to cut petrol and diesel prices by ₹2-3 per litre: Icra

A reduction in crude oil prices in recent weeks has improved margins on retail auto fuels, providin…

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2 mins read

Extreme heat melts diesel demand, sales drop 4% in June

India's diesel demand slumped in June as extreme heat conditions in parts of the country curtailed …

PTI   


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3 mins read

Budget 2024 Expectations: FAME scheme, aid for vehicle scrapping and other expectations of the auto industry

The auto industry eagerly awaits Budget 2024 with expectations like FAME 3 scheme, incentives for h…

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4 mins read

After record profits, state-owned fuel retailers Indian Oil, BPCL and HPCL see profit slump in Q1

IOC, BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell an…

PTI   


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EV-iction notice: Why are electric vehicle owners switching back to petrol and diesel (ICE) cars?

Despite the largely successful worldwide push for EV adoption, many drivers are thinking about retu…

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4 mins read

Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down

State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on…

PTI   


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4 mins read

Electrifying auto market: Planning to buy an EV, compare their price with petrol, diesel and CNG variants

Electric Vehicles (EVs) are here to take over the auto market. In the US, this growing trend is clo…

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1 min read

India slashes windfall tax on crude petroleum

The central government has reduced windfall tax on crude petroleum, according to a government notif…

ANI   


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2 mins read

Pakistan's petrol, diesel prices continue to surge amid social unrest

Rupees (PKR) taking the price past 300 PKR, Geo News reported on Friday. The Finance Division said …

ANI   


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2 mins read

MRPL swings to profitability on robust refining margins

Mangalore Refinery and Petrochemicals Ltd (MRPL) on Wednesday reported return to profitability in t…

PTI   


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3 mins read

India imported USD 2.8 bn worth of crude oil from Russia in July

India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…

PTI   


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1 min read

ATF price slashed by 2.3 pc to Rs 1.17 lakh per kilolitre

Jet fuel (ATF) price was on Thursday reduced by 2.3 per cent, reflecting softening international oi…

PTI   


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3 mins read

Petrol and diesel prices hiked for the 12th time in two weeks

Petrol and diesel prices hiked for the 12th time in two weeks by 40 paise per litre. The prices of …

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1 min read

Windfall profit tax raised on export of diesel, Jet fuel

This was done after a fortnightly review on Wednesday, a Finance Ministry notification said. …

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3 mins read

Petrol and diesel prices hiked for the third time this week in India

The fuel prices have been hiked again this week by 80 paise per litre. Both petrol and diesel price…

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3 mins read

Petrol, diesel prices hiked for the ninth time in 10 days

The price of petrol and diesel were hiked again by 80 paise per litre today, March 31, for the nint…

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4 mins read

Gone with the windfall tax: ONGC loses a fifth of its market value

State-run oil and natural gas explorer ONGC lost a fifth of its value in just a week after the Indi…

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3 mins read

Petrol, diesel prices hiked again in metro cities for the second day in a row

Petrol and diesel prices have increased by 80 paise per litre for the second consecutive day. The p…

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How petrol and diesel prices in India are calculated

Price fixing of two of the most essential commodities, petrol and diesel,is a global phenomenon and…

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3 mins read

Petrol and diesel prices hiked for the 7th time in 8 days, petrol crosses ₹100 per litre mark in Delhi

Petrol and diesel prices have been increased by 80 paise and 70 paise per litre, respectively, whic…