Page 6 - Petrol

Oil India, ONGC tank up to 33% in 1 week on windfall tax, fall in Brent oil

Oil India was down 8 per cent at Rs 176, while ONGC shed 6 per cent in traes on Wednesday.

Govt slaps export tax on petrol, diesel; windfall tax on domestic crude oil

The government on Friday slapped a Rs 6 per litre tax on exports of petrol and ATF and Rs 13 per litre on exports of diesel

Sri Lankan cabinet permits companies to import fuel as crisis worsens

The country ran out of fuel as only 1,100 tonnes of petrol and 7,500 tonnes of diesel are left, which are not sufficient to last for a day.

7 out of 9 neighbouring nations charge less for petrol than India

Among the neighbouring countries, China (Rs 116 per litre) and Nepal (Rs 124 per litre) had a higher price.

Sri Lanka stops fuel supply to non-essential services as crisis worsens

Fuel stocks set to run out in days without curbs; supplies only to essentials from Tuesday untl July 10; regulator hopes to keep power cuts at 3-4 hrs every day for 2 months

Private players seek govt intervention as fuel shortage rises in India

FIPI says companies are suffering a loss of Rs 20-25 a litre on diesel and Rs 14-18 a litre on petrol at present due to the non-revision of prices

Selling diesel at Rs 20-25/ltr loss, petrol at Rs 14-18/ltr loss: Retailers

Selling diesel at Rs 20-25 a litre below cost and petrol at Rs 14-18 per litre below cost, an industry body representing private fuel retailers like Jio-bp and Nayara Energy has told the Oil Ministry

Sri Lanka's economic activity grinds to a halt as fuel supplies run dry

Amidst fuel crisis in Sri Lanka, the government declared Friday a holiday for public offices and schools to curtail vehicular movement, leaving many roads in and around the capital Colombo deserted

ATF prices hiked by 16%, touch new record, as global crude prices soar

The price of aviation turbine fuel (ATF) -- the fuel that helps aeroplanes fly -- has been increased by Rs 19,757.13 per kilolitre, or 16.26%, to Rs 1,41,232.87 per kl (Rs 141.2 per litre) in Delhi

Pakistan steeply hikes fuel prices up to 29% to secure IMF funding

The new petrol price has been fixed at Rs 233.89 per litre, HSD at Rs 263.31 per litre and kerosene oil at Rs 211.47 per litre.

Production of petrol, diesel sufficient to take care of demand surge: Govt

Sufficient supplies of petrol and diesel are being made available to cater to the extra demand, says Ministry of Petroleum & Natural Gas

India's petrol, diesel sales jump in first fortnight of June

Diesel, the most-used fuel in the country, saw sales jumping 47.8 per cent year-on-year to 3.4 million tonnes between June 1-14.

Petrol prices in Pakistan rise by PKR 60 in a week, hit record levels

The prices of petroleum products in Pakistan have risen by a massive PKR 60 per litre in about a week taking them to record levels

India turns 10% of its petrol green; targets to double it by 2025-26

India has achieved the target of supplying 10 per cent ethanol-blended petrol ahead of schedule and is aiming to double blend by 2025-26 in order to cut oil import dependence

The math goes all wrong for fuel retailers despite sustained oil price hike

Demand destruction led by Covid-19 and the EV push, cutback in retail prices could end up making the business of running fuel stations unviable

Sri Lanka hikes fuel prices; petrol at all-time high of Rs 420 per litre

Sri Lanka raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves

Analysts bullish on auto stocks amid govt. measures on fuel, steel price

At the operational level, Nomura sees margin benefit for companies in the backdrop of a cut in steel prices

Indian consignment of 40,000 MT of petrol reaches crisis hit-Sri Lanka

A consignment of around 40,000 metric tonnes of petrol from India reached Sri Lanka, which is reeling under its worst-ever economic crisis, on Monday, the Indian mission in the island nation announced

Petrol under-recovery at Rs 13, diesel Rs 24; RIL-BP says ops unsustainable

Two sources aware of the matter said Reliance BP Mobility Ltd contends that PSU oil marketing companies control over 90% of the market and are the price-setters

Duty cut on petrol, diesel to put pressure on fiscal deficit: Experts

The tax reduction on petrol and diesel will lead to revenue loss of around Rs 1 lakh crore per year for the government