petrol diesel price

Union Minister Nitin Gadkari blamed the ongoing Russia-Ukraine war for the constant rise in oil prices in India. He stated that 80% of oils are imported to India and that the only way to fight the price hike is to make India self-reliant. He further stated, India will soon have Rs 40,000 crore ethanol, methanol and bio-ethanol production economy, which will bring down India's dependency on other countries for oil.

Petrol and diesel prices increase for the fifth time in a row by 35 paise on October 31. In Delhi, petrol and diesel increase to 109.34 and Rs 98.07 per litre, respectively. Petrol and diesel are priced at Rs 115.51 and Rs 106.23 per litre respectively, in Mumbai. However, petrol is sold at Rs 106.04 in Chennai and Rs 109.79 per litre in Kolkata.

In the National Capital of India, Delhi, the cost of vegetables and fruits have gone up as of October 25, due to the surging fuel prices which is simultaneously increasing the transportation cost. "Petrol and Diesel prices have increased transportation as well as toll costs", a trader from the Ghazipur Mandi said. "There is reduced supply in the market," he further added.

Diesel rates were first hiked by 20-22 paise on September 24 after July 15. Surging global crude oil rates is deemed to be the reason for a cause in the increase in Diesel prices. Meanwhile, petrol prices remain constant for the 19 days straight. Despite the surge in the prices, the Centre stated that no concession on tax rates for fuel should be expected in the near future.

A petrol pump in Tamil Nadu's Karur is offering one-litre free petrol to school students driving with their parents for successfully reciting at least 20 couplets of Thirukkural - a classic Tamil text. Introduced on January 16 to commemorate Thiruvalluvar day, the fuel-pump owner K Senguttuvan said the aim was to inculcate the interest for Thriukkural in children. While the offer valid till April 16, around 176 people have availed the offer… read-more