Petrol diesal price

With local gasoline and gasohol prices rising to record highs in India's worst power crisis, the nation wants to redouble efforts to buy crude oil wisely. Hence, India is forming a group bringing together state and private refiners to seek better crude import deals. India also asked the Organisation of the Petroleum Exporting Countries (OPEC), and its allies OPEC+, to boost output to bring down global oil prices.

Amid the fuel prices has skyrocketed in India, a ministerial panel headed by Finance Minister Nirmala Sitharaman will meet on September 15 to decide whether petroleum products should be considered under GST. Reportedly, the panel needs the approval of three-fourths of the panel to pass the proposal at the request of an Indian court. Moreover, it may extend the concessions on some drugs to provide relief to COVID-19 patients.