The surge in diesel sales is putting pressure on India's logistics and supply infrastructure, according to Reliance
Petrol and diesel prices need to be increased by Rs 15 a litre for fuel retailers to break even
JPMorgan said for oil marketing companies to revert to normalised marketing margins, retail prices need to increase by Rs 9 a litre or 10%
Oil marketing companies have kept the prices of diesel and petrol unchanged across major Indian cities on Friday.
Diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively.
The diesel and petrol rates in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively.
The price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on Diwali day on Nov 4 from the previous days' level of Rs 110.04 a litre, remained at the same level on Thursday
Fuel prices are decided in America and blaming the central government for rise in their rates is wrong, Union minister Raosaheb Danve has said
Speaking to the media, the chief minister said, "We demand the Central government to further cut petrol and diesel prices."
The retail price of petrol and diesel is decided after adding central excise, commission paid to dealers and value-added tax (VAT) to basic oil prices
In the financial capital Mumbai, petrol continues to be priced at Rs 109.98 a litre and diesel Rs 94.14 a litre.
Accordingly, the pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on Thursday from previous day's level of Rs 110.04 a litre, remains at the same level on Friday.
With revenues set to exceed the annual target by Rs 2 trillion, a softer revenue loss that boosts consumption will provide immense relief, especially to lower income households
A cut in excise duty on petrol and diesel and the ensuing drop in retail selling price of these auto fuels should also help address inflation concerns to some extent, analysts said
Experts said the increase in consumption and tax buoyancy will help offset excise duty cuts on fuels to an extent
Excise duty on petrol and diesel to be reduced by Rs 5 and Rs 10 respectively from tomorrow
With a hike of 35 paise a litre, the price of petrol in Delhi rose to its highest-ever level of Rs 109.34 a litre. The price of diesel also saw a hike by 35 paise and took the fuel's rate to Rs 98.07
In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83
Diesel is expensive in these states as they levy the highest rates of Value Added Tax alongside cesses on auto fuels in the country
Petrol and diesel prices increased across the four metros on Sunday, with petrol price in the national capital crossing the Rs 95-per-litre mark.