Three months ago, India jumped from seventh position to third in the automobile exports sector, surpassing powerhouses like Japan.
Three state-owned fuel retailers -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 18 months in a row.
The two people started kicking and beating up the petrol pump employee. In a few seconds, several employees of the petrol pump gathered around and it turned into a fierce fight.
Consumption of petrol during September was 19.3 per cent more than in the COVID-marred September 2021 and 30 per cent more than in pre-pandemic September 2019.
The association of oil tankers are currently holding negotiations in Karachi, and if they fail, the cities might witness a shortage of petrol and diesel.
All the petrol pumps will remain closed across the state from 10 am to 6 pm Wednesday and Thursday.
The AAP's Rajya Sabha MP Sanjay Singh said that the prices of fuel and medicines have gone up considerably under Modi's rule. He also criticised the Agniveer scheme, saying that it has betrayed youngsters.
Ethanol is an organic compound that is produced from biomass. The reason why ethanol is blended with petrol is that it reduces vehicular emissions.
According to reports, petrol and diesel will not be provided in bottles or cans at fuel pumps.
Pakistan fuel prices: The debt-ridden country's finance minister Ishaq Dar said that the decision to keep the petroleum products prices unchanged is taken in view of international rates
Officials said the three firms have been making positive margins on petrol since the fourth quarter of the 2022 calendar year but diesel, which accounts for the bulk of the fuel sales, had been in red.
According to reports, the extra money which will be charged by rich people in Pakistan would be used as funds to subsidise fuel for low-income people.
The Shehbaz Sharif government is likely to further increase petrol prices in the country. The new prices may be effective from February 16.
Waiting for the International Monetary Fund (IMF) bailout for the 9th time, the price of one litre of milk in Pakistan is currently PKR 210, Rs 20 up from 190 per litre last week.
Pakistan economic crisis: Not just with foreign exchange reserves, Pakistan is also dealing with a depreciating value of its currency against the dollar which is rising the cost of imports, especially fuel, and food.
Industry sources said the ending of extended monsoon rains in most parts of the country and a pick up in agriculture season led to a rise in diesel demand.
Union Finance Minister Nirmala Sitharaman had in her Budget for the fiscal year beginning April 2022 brought a Rs 2 per litre additional levy on petrol and diesel that is not blended with ethanol and bio-diesel, respectively.
Delhi government will launch its 24X7 war room on October 3 to combat pollution and ensure effective and serious implementation of amended Graded Response Action Plan (GRAP).
This is the first quarterly loss in over two years. The company had reported a net loss in January-March 2020, but that was on account of inventory losses on processing costlier crude.
A decision to reduce VAT on fuel will be taken in the state cabinet, Shinde informed the House, while replying to a debate after he won the floor test.
Top News
Latest News
