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13 hours ago
Why 75 percent drop in global oil prices isn't reaching you

Record production in the US, weakened demand from the Eurozone and emerging economies like China and Brazil, and Iran's entry into the international market have effectively slashed the price of crude oil for India, from $106 per barrel in July 2014 to $26 in January 2016 - a 75 percent drop over 15 months. So, why are you not seeing evidence of this price-cut at your local petrol and die...

27 days ago
Half your fuel bill is in taxes but governments still ravenous

Despite the crash in the global prices of crude oil, the consumers are being denied a decent and deserving cut in their transport fuel bills with the government and oil retailers preferring to pocket the bulk of the windfall. Since March 2012, the prices of benchmarked crude oils that Indian refineries import have crashed as much as 76 percent -- from a peak of $123.61 per barrel to $29....

1 month ago
Odisha hikes VAT on petrol, diesel

Bhubaneswar, Jan 5 (IANS) The Odisha government on Tuesday increased by 3 percent the Value Added Tax (VAT) on petrol and diesel inviting strong criticism from the opposition parties and the common people. With this hike, the price of petrol has gone up by Rs.1.39 to Rs.59.96 per litre, while the price of diesel has been increased by Rs.1.14 to Rs.49.8 per litre. The state govern...

1 month ago
Petrol, diesel prices to be reduced from January 1

New Delhi, Dec 31 (IANS) Oil marketer Indian Oil Corp (IOC) on Thursday announced a reduction in petrol and diesel prices effective midnight, following a fall in international crude oil prices. According to IOC, petrol prices per litre will be reduced by Rs.0.63 at New Delhi (including state levies) with corresponding price revision in other states. After the price revision the ...

1 month ago
China continues suspension of retail fuel price adjustment

Beijing, Dec 29 (IANS) China's top economic planner said on Tuesday that it will continue suspending price adjustment of domestic refined oil products before a new pricing mechanism is introduced. A special meeting was hosted by the National Development and Reform Commission (NDRC) the same day to invite opinions of relevant departments and work units on a new pricing mechanism, Xinhua n...

2 months ago
Non-subsidised LPG dearer by Rs.61.50, jet fuel cheaper

New Delhi, Dec 1 (IANS) The price of non-subsidised cooking gas cylinder a consumer buys on exhausting the subsidy quota, was hiked by Rs.61.50 per cylinder on Tuesday while aviation turbine fuel (ATF) rates were marginally reduced by 1.2 percent. Allowing for local levies, the market price of non-subsidised LPG (liquefied petroleum gas) cylinder of 14.4 kg is now Rs.606.50 in Delhi, Rs....

2 months ago
South Korea's headline inflation escapes from zero range

Seoul, Dec 1 (IANS) South Korea's headline inflation escaped in november from a zero percent range for the first time in 12 months due to a weak effect from cheaper oil that started from the fourth quarter of last year, a government report showed on Tuesday. Consumer prices rose one percent in November from a year earlier, marking the first rebound to the one percent level in 12 months, ...

2 months ago
Non-subsidised LPG hiked by Rs.61.50, jet fuel cut marginally

New Delhi, Dec 1 (IANS) The price of non-subsidised LPG, or the cooking gas a consumer buys on exhausting the subsidy quota, was on Tuesday hiked by Rs.Rs.61.50 per 14.2 kg cylinder, while aviation fuel (ATF) rates were marginally cut by 1.2 percent. On Monday, the three state-run oil marketing companies (OMCs) reduced petrol and diesel prices in the national capital by Rs.0.58 per liter...

2 months ago
Petrol, diesel prices cut

New Delhi, Nov 30 (IANS) The three state-run oil marketing companies on Monday reduced petrol and diesel prices. Petrol and diesel will be cheaper by Rs.0.58 and Rs.0.25 per litre respectively in the national capital. The reduction will be effective from midnight Monday. Making the fortnightly revision in retail prices, Indian Oil Corp (IOC) said: The current level of internation...

2 months ago
Petrol, diesel prices cut

New Delhi, Nov 30 (IANS) The three state-run oil marketing companies (OMCs) on Monday reduced petrol and diesel prices in the national capital by Rs.0.58 per liter and Rs.0.25 per liter respectively. The revised prices for the states will be announced shortly. The reduction will be effective from midnight Monday. ...

2 months ago
China to reduce gasoline, diesel prices again

Beijing, Nov 17 (IANS) China is set to reduce gasoline and diesel prices by 85 yuan per tonne and 80 yuan per tonne, respectively, from Wednesday. Retail prices of gasoline and diesel will decrease by 0.06 yuan per litre and 0.07 yuan per litre, respectively, according to a statement released by the National Development and Reform Commission on Tuesday. The decrease in the benchm...

2 months ago
China to reduce gasoline, diesel prices again

Beijing, Nov 17 (IANS) China is set to reduce gasoline and diesel prices by 85 yuan per tonne and 80 yuan per tonne, respectively, from Wednesday. Retail prices of gasoline and diesel will decrease by 0.06 yuan per litre and 0.07 yuan per litre, respectively, according to a statement released by the National Development and Reform Commission on Tuesday. The decrease in the benchm...

2 months ago
China to reduce gasoline, diesel prices again

Beijing, Nov 17 (IANS) China is set to reduce gasoline and diesel prices by 85 yuan per tonne and 80 yuan per tonne, respectively, from Wednesday. Retail prices of gasoline and diesel will decrease by 0.06 yuan per litre and 0.07 yuan per litre, respectively, according to a statement released by the National Development and Reform Commission on Tuesday. The decrease in the benchm...

2 months ago
China to reduce gasoline, diesel prices again

Beijing, Nov 17 (IANS) China is set to reduce gasoline and diesel prices by 85 yuan per tonne and 80 yuan per tonne, respectively, from Wednesday. Retail prices of gasoline and diesel will decrease by 0.06 yuan per litre and 0.07 yuan per litre, respectively, according to a statement released by the National Development and Reform Commission on Tuesday. The decrease in the benchm...

2 months ago
China to reduce gasoline, diesel prices again

Beijing, Nov 17 (IANS) China is set to reduce gasoline and diesel prices by 85 yuan per tonne and 80 yuan per tonne, respectively, from Wednesday. Retail prices of gasoline and diesel will decrease by 0.06 yuan per litre and 0.07 yuan per litre, respectively, according to a statement released by the National Development and Reform Commission on Tuesday. The decrease in the benchm...

2 months ago
China to reduce gasoline, diesel prices again

Beijing, Nov 17 (IANS) China is set to reduce gasoline and diesel prices by 85 yuan per tonne and 80 yuan per tonne, respectively, from Wednesday. Retail prices of gasoline and diesel will decrease by 0.06 yuan per litre and 0.07 yuan per litre, respectively, according to a statement released by the National Development and Reform Commission on Tuesday. The decrease in the benchm...

2 months ago
China to reduce gasoline, diesel prices again

Beijing, Nov 17 (IANS) China is set to reduce gasoline and diesel prices by 85 yuan per tonne and 80 yuan per tonne, respectively, from Wednesday. Retail prices of gasoline and diesel will decrease by 0.06 yuan per litre and 0.07 yuan per litre, respectively, according to a statement released by the National Development and Reform Commission on Tuesday. The decrease in the benchm...

2 months ago
China to reduce gasoline, diesel prices again

Beijing, Nov 17 (IANS) China is set to reduce gasoline and diesel prices by 85 yuan per tonne and 80 yuan per tonne, respectively, from Wednesday. Retail prices of gasoline and diesel will decrease by 0.06 yuan per litre and 0.07 yuan per litre, respectively, according to a statement released by the National Development and Reform Commission on Tuesday. The decrease in the benchm...

2 months ago
China to reduce gasoline, diesel prices again

Beijing, Nov 17 (IANS) China is set to reduce gasoline and diesel prices by 85 yuan per tonne and 80 yuan per tonne, respectively, from Wednesday. Retail prices of gasoline and diesel will decrease by 0.06 yuan per litre and 0.07 yuan per litre, respectively, according to a statement released by the National Development and Reform Commission on Tuesday. The decrease in the benchm...

2 months ago
China to reduce gasoline, diesel prices again

Beijing, Nov 17 (IANS) China is set to reduce gasoline and diesel prices by 85 yuan per tonne and 80 yuan per tonne, respectively, from Wednesday. Retail prices of gasoline and diesel will decrease by 0.06 yuan per litre and 0.07 yuan per litre, respectively, according to a statement released by the National Development and Reform Commission on Tuesday. The decrease in the benchm...

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