petrol

Domestic LPG cylinder price hiked by Rs 50 again

New Delhi [India]- The price of Liquefied petroleum gas (LPG) cylinder has been increased by Rs 50.

With the latest revision, domestic LPG cylinders will retail at Rs 999.50 in Delhi.
Earlier this month, the price of commercial LPG cylinders had been increased.

On May 1, the price of a 19-kilograms commercial LPG cylinder was increased by Rs 102.50, to Rs 2355.50.

Recently, on May 1, Oil marketing companies organized more than 5000 LPG panchayats on the occasion of Ujjwala Diwas, where apart from experience sharing, aimed at safe and sustained usage of LPG, all out efforts were made to maximize customer enrolment.

Pradhan Mantri Ujjwala Yojana (PMUY) is a step toward social inclusion by providing Free LPG connection to every BPL household. The scheme was launched by Prime Minister Narendra Modi on May 1, 2016 at Ballia, Uttar Pradesh. (ANI)

Petrol, diesel prices hiked again; total increase of Rs 3.20 per litre in 5 days

New Delhi [India]: With the hike of 80 paise in prices of petrol and diesel on Saturday, the rates have been increased by Rs 3.20 per litre in five days.

After the latest price revision, petrol in Delhi will be sold at Rs 98.61 per litre and diesel at Rs 89.87 per litre.
The petrol will cost Rs 113.35 after an increase of by 84 paise and after the hike by 85 paise diesel will be sold at Rs 97.55 in the finance capital Mumbai. In Mumbai, the prices are the highest among all the metros cities.

After November last year, on March 22 the fuel prices were hiked for the first time. Since then the prices are continuously increasing.

On November 2 last year the petrol price was hiked by Rs 35 per litre paise and on November 1 the diesel price was raised by 35 paise per litre.

On November 3 last year the Centre had cut excise duty by Rs 5 per litre on petrol and Rs 10 per litre on diesel to bring down the retail prices across the country. Following this, several state governments reduced Value-Added Tax (VAT) on petrol and diesel to provide relief to people. (ANI)

Brent crude price drops below USD 78 per barrel first time since start of October

Moscow [Russia]: The price of January futures for Brent crude dropped below $78 per barrel in the early hours of Monday, reaching a record low for the first time since October 1.
As of 02:02 Moscow time on Monday (23:02 GMT on Sunday), the price of January futures for Brent was dropping 0.69 percent, to $77.93 per barrel. The price of January futures for WTI crude was going down 0.56 percent in the early hours of Monday, to $75.19 per barrel.

Cong high command will decide on Rajasthan Cabinet reshuffle: Ashok Gehlot

New Delhi [India] : Rajasthan Chief Minister Ashok Gehlot on Thursday said that the Congress’ high command will decide on the Cabinet reshuffle in Rajasthan.
In this regard, Gehlot met Congress interim President Sonia Gandhi at 10 Janpath today. The meeting lasted for almost an hour. Ashok Gehlot spoke on Cabinet expansion with the media persons today and said, “I have briefed the party’s high command about the current situation. The party high command will decide on the Cabinet reshuffle in Rajasthan. Ajay Maken (state in charge) knows everything. We will accept whatever decision will be taken by the party high command. I just want good governance to continue in the state of Rajasthan.”
The expected cabinet expansion will set a roadmap for the 2023 Assembly elections in the state.
On petrol and diesel price hike, Gehlot said “The Centre is calling the states and asking them to reduce the fuel prices. They are trying to make states compete with each other. If the Central government reduces the prices of petrol and diesel, it will eventually be reduced in the states.”
A major reshuffle in Rajasthan is on the cards. Yesterday, Ashok Gehlot met with the Central leadership of the Congress party. Priyanka Gandhi Vadra, KC Venugopal and Rajasthan in-charge Ajay Maken was present in the meeting.
A long brainstorm discussion was held between Chief Minister Ashok Gehlot and Central leadership.
According to sources, yesterday’s meeting was regarding a Cabinet reshuffle long pending in the state.
Ajay Maken yesterday said, “I believe that a lot of confusion has now been cleared and a future roadmap is being prepared.”
Sources said that Sachin Pilot was in Delhi yesterday and met Congress general secretary KC Venugopal.
The inclusion of Pilot’s supporters in the Cabinet was a part of the peace formula worked out by Priyanka Gandhi Vadra last year when the Pilot faction was on the warpath.

SAD chief, leaders, workers protest outside Punjab CM’s residence over petrol, diesel prices

Chandigarh (Punjab) [India : Shiromani Akali Dal (SAD) chief Sukhbir Singh Badal along with party leaders and workers staged a protest outside Punjab Chief Minister Charanjit Singh Channi’s residence in Chandigarh demanding compensation to farmers for reducing the prices of petrol and diesel.
Prices of petrol and diesel have been seeing an upward trend over the past few weeks. The prices of the two petroleum products reduced after Centre announced a cut in excise duty of petrol and diesel by Rs 5 and Rs 10 respectively. Subsequently, several states and union territories reduced Value Added Tax (VAT) on petrol and diesel. Meanwhile, Punjab, West Bengal, Chhattisgarh and Jharkhand are yet to take a decision.
Taking to Twitter, Badal said, “Akali workers today conducted a political surgical strike on CM Charanjit Channi by succeeding in gherao of his residence despite garrisoning of MLA flats & multiple barricading. Akali Dal has sent a clear message to CM – stop photo-ops and fulfil promises made to Punjabis.”
He further said, “This corrupt Congress government and it’s CM who is only interested in loot and scoot lathi-charged peaceful Akali workers raising voice of farmers demanding compensation of Rs 50,000/acre for cotton growers and reduction in State VAT on petrol and diesel by Rs 10/Ltr in front of CM residence.”
Badal also tweeted saying: “Akali workers also took on Gandhi family & demanded it stop protecting Cong leaders like #JagdishTytler who conducted ’84 genocide besides asking Charanjit Channi why he agreed to elevation of Tytler. I thank our brave workers who resolved to continue to fight rights of Pbis (Punjabis).”

Pakistan opposition slams Imran Khan govt over hike in petrol prices

Islamabad [Pakistan]: Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif has lashed out at Prime Minister Imran Khan-led ruling PTI government over hike in petroleum prices and said people are being crushed due to inflation, local media reported.
Meanwhile, Pakistan Peoples Party warned of protests if the prices of petroleum products are not slashed. On Friday, the PTI government announced a hike in the price of petrol by Pakistani Rs 8.03 per litre, a day after Prime Minister Imran Khan warned the nation that fuel prices would have to undergo an increase.
Reacting to the price hike, Sharif said that since the incumbent government came to power, it had brought the entire nation to “the ration card”, Geo News reported.
“Imran Khan lets the axe of inflation fall on the public and then wonders why inflation is surging in the country,” Sharif tweeted. “Over the past three years, the price of edible oil has increased by over 130%,” he added.
The PML-N president said that the price of edible oil going up from Rs160 to Rs 369 is unjustified, he said, adding that a “storm of inflation” had followed the prime minister’s announcement of a relief package for the masses, Geo News reported.
“The hike in prices of petroleum products is proof that the government does not care about the poor,” he said.
He further stated that while the price of petrol had not surged past the Rs 145 per litre mark, the government had exceeded the limits of ineptitude, corruption and incompetence.
“Increasing the prices of petrol and diesel by Rs 8 per litre will also have a direct effect on prices of other items. It has become difficult for the common man to live,” he said.
He added that it was in the best interests of the entire nation and the masses that the prime minister “goes home instead of wreaking further havoc”, adding that inflation, unemployment and “economic destruction” do not go away merely via allegations of corruption.
Opposition party PPP also reacted to the hike in petroleum prices, demanding the government to slash prices immediately or else be prepared for “Dama Dam Mast Qalandar.”
“The masses should be ready. The PPP will soon announce its anti-government protest programme,” said Shazia Marri.
She said the prime minister had harmed the public instead of providing them relief. “Imran Khan has taken anti-publ
The MQM’s Rabta Committee also condemned the hike in prices of petroleum products, stressing that it will have a direct effect on the prices of essential items.
“The public have already been crushed under the weight of inflation,” stated the party’s Rabta Committee. “Shifting the entire burden of globally increasing prices of food items on the public is not a wise decision.”

‘Fuel prices will increase’

New Delhi [India]: The prices of petrol and diesel will increase again in the coming months, said energy expert Narendra Taneja on Thursday.
Speaking to ANI, Taneja said, “It is to understand that we import oil. It is an imported commodity. Today, we have to import 86 per cent of our total oil use. The prices of oils are not in the hands of any government. Both petrol and diesel are de control commodities. In July 2010, Manmohan Singh’s government implemented the deregulation on petrol. In 2014, the Modi government decontrol diesel.” He said the COVID pandemic is the major reason for the rise of oil prices in the international market.
“Whenever there is an imbalance in demand and supply, prices are bound to increase. The second reason is the lack of investment in the oil sector as governments are promoting renewable/green energy sectors like solar power. Crude oil will be more expensive in the coming months. In 2023, the price of crude oil can rise by Rs 100,” he stated.
Asked about the reason for Centre’s move to decrease excise duty on petrol and diesel, Taneja said, “When oil prices are low, the government increases the excise duty, when oil is too expensive, the government reduces the excise duty. The consumption and sale of oil had come down to 40 per cent during the time of COVID. Later, it had come down to 35 per cent. When the sales have reduced, the income of the government will automatically decrease. But now that sale is back like the pre-COVID era.”
“Secondly, the GST collection is indicating positive sign for the economic recovery. The government is relatively in comfortable position than earlier. Plus, our economy is based on diesel. If the price of diesel goes up that increases the price of everything. The inflation is high. Considering these things, the government has taken this step,” he emphasised.
Taneja believes that petrol and diesel should be included in GST so that more relief can be obtained and there will be more transparency.
In a relief to consumers, the Finance Ministry on Wednesday announced a Rs 5 per litre cut in excise duty on petrol and a Rs 10 per litre cut in excise duty on diesel. Amid record-high fuel prices, this is the first cut in central excise duties in over three years.

Arunachal CM Pema Khandu announces VAT reduction on petrol, diesel

Itanagar (Arunachal Pradesh) [India]: Arunachal Pradesh Chief Minister Pema Khandu on Thursday announced a reduction of Value Added Tax (VAT) on petrol by Rs 10.20 and diesel by Rs 15.22 per litre.
Taking to Twitter, the chief minister said consumers will be benefited after the relief given both by the Centre and State government. “With the central and state govt decisions petrol will now be Rs91.87 per ltr and diesel Rs79.83 per ltr in the state w.e.f 12:00 AM of 5th Nov 2021. Consumers will benefit by Rs10.20 per ltr in petrol and Rs15.22 per ltr in diesel after the relief given both by the centre and state govt,” he said in a tweet.
He also expressed his gratitude to Prime Minister Narendra Modi and the state government for reducing Central Excise duty.
“Thank you PM Shri @narendramodi for reducing central excise duty on petrol and diesel on this auspicious day. Arunachal Govt is also pleased to announce the reduction of State VAT on petrol from existing 20 per cent to 14.5 per cent and diesel from 12.5 per cent to 7 per cent,” he tweeted.

Centre reduces excise duty on petrol by Rs 5, on diesel by Rs 10

New Delhi [India]: In a relief to consumers on the eve of Diwali, the central government on Wednesday announced a reduction in excise duty on petrol and diesel.
The excise duty on petrol will be reduced by Rs 5 and that on diesel by Rs 10 and new rates will come into effect from tomorrow. Government sources said that the reduction in excise duty on diesel will be double that of petrol and will come as a boost to the farmers during the upcoming Rabi season.
They said that states have also been urged to reduce VAT on petrol and diesel to give relief to consumers

Fuel prices hiked for seventh consecutive day

New Delhi [India]: Petrol and diesel prices witnessed a hike for the seventh consecutive day across the country on Tuesday.
In Delhi, with an increase of Rs 0.35 in petrol and diesel prices, their cost rose to Rs 110.04 per litre and Rs 98.42 per litre respectively today. In the country’s financial capital, Mumbai, the petrol and diesel prices increased to Rs 115.85 per litre and Rs 106.62 per litre respectively.
Petrol and diesel have been priced at Rs 110.49 and Rs 101.56 per litre respectively in West Bengal’s Kolkata and Rs 106.66 and Rs 102.59 per litre respectively in Chennai.
Meanwhile, the Central government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices.
Earlier, a source told ANI that the Ministry of Petroleum and Natural Gas recently raised concerns about the matter of pricing, supply and demand of oils to the major oil-producing countries.
“As crude oil prices rise internationally, the petroleum ministry has called on the energy ministries of many countries such as Saudi Arabia, Kuwait, UAE, Russia and others,” said the source.

Fuel Prices increase

New Delhi [India]: Petrol and diesel prices witnessed a hike for the fifth consecutive day across the country on Sunday.
With a hike of Rs 0.35, the price of petrol in the national capital increased to Rs 107.59 per litre. The price of diesel also saw a hike of Rs 0.35 in Delhi thereby amounting to Rs 96.32 per litre respectively today. Mumbai also reported a surge in fuel prices as compared to yesterday. Petrol witnesses a hike of Rs 0.34 and costs Rs Rs 113.46 per litre, while diesel rates sored by Rs 0.38 amounting to Rs Rs 104.38.
As for Kolkata, the price of petrol is Rs 108.11 per litre, while diesel is Rs 99.43 per litre. In Chennai, petrol and diesel cost Rs 104.52 and Rs 100.59 per litre respectively.
Rates have been increased across the country and differ from state to state depending on the incidence of value-added tax.
The rising fuel prices in the country are not going to come down immediately. The central government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices.
On Monday, a source told ANI that the Ministry of Petroleum and Natural Gas recently raised concerns about the matter of pricing, supply and demand of oils to the major oil-producing countries.
“As crude oil prices rise internationally, the petroleum ministry has called on the energy ministries of many countries such as Saudi Arabia, Kuwait, UAE, Russia and others,” the source told ANI.

Fuel prices hiked

New Delhi [India]: Petrol and diesel prices were hiked for the fourth consecutive day across the country on Saturday.
With a hike of Rs 0.35, the petrol prices increased to Rs 107.24 per litre in the national capital while the price of diesel was raised by the same amount to Rs 95.97 per litre. In Mumbai, petrol and diesel prices per litre stand at Rs 113.12 and Rs 104.00 respectively.
As for Kolkata and Chennai, petrol and diesel cost Rs 107.78 and Rs 99.08 respectively in Kolkata and Rs 104.22 and Rs 100.25 respectively in Chennai.
Rates have been increased across the country and differ from state to state depending on the incidence of value-added tax.
The rising fuel prices in the country are not going to come down immediately. The central government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices.
On Monday, a source told ANI that the Ministry of Petroleum and Natural Gas recently raised concerns about the matter of pricing, supply and demand of oils to the major oil-producing countries.
“As crude oil prices rise internationally, the petroleum ministry has called on the energy ministries of many countries such as Saudi Arabia, Kuwait, UAE, Russia and others,” the source told ANI.

Fuel prices hiked in Delhi, Mumbai

New Delhi [India]: Prices of petrol and diesel were hiked in Delhi and Mumbai on Wednesday.
The petrol and diesel prices were raised by Rs 0.35 and will be sold at Rs 106.19 per litre and Rs 94.92 per litre respectively in Delhi today. In Mumbai, the petrol price was hiked by Rs 0.34 and stands at Rs 112.11 per litre and diesel would be sold at Rs 102.89 per litre as it was raised by Rs 0.37, today.
The rising fuel prices in the country are not going to come down immediately. The central government is in talks with several oil-exporting countries on the issue of supply and demand of oils but there is no possibility of immediate relief in prices.
On Monday, a source told ANI that the Ministry of Petroleum and Natural Gas recently raised concerns about the matter of pricing, supply and demand of oils to the major oil-producing countries.
“As crude oil prices rise internationally, the petroleum ministry has called on the energy ministries of many countries such as Saudi Arabia, Kuwait, UAE, Russia and others,” the source told ANI.

Pakistan hikes petrol price amid rising inflation

Islamabad [Pakistan] : Pakistani government on Saturday increased the prices of petrol and diesel in the country amid rising inflation, local media reported.
The price of petrol has been hiked by Pakistani Rs 10.49 per litre and high-speed diesel by Rs 12.44 per litre, Geo TV reported. Along with this, the price of kerosene oil also has been hiked by Rs 10.95 per litre, while light diesel was hiked by Rs 8.84 per litre.
This is the second time in the last 15 days that the government has increased the prices of petroleum products.
On October 1, the Pakistan government increased petrol prices by Rs 4 per litre and that of high-speed diesel (HSD) by Rs 2 per litre. It also hiked the prices of kerosene and light diesel oil by Rs 7.05 and Rs 8.82 per litre, respectively, reported local media.
According to the weekly report released by the Pakistan Bureau of Statistics (PBS), inflation in the country has increased by 12.66 per cent, while the rate of inflation was recorded at 0.2 per cent last week, resulting in skyrocketing prices of tomatoes, potatoes, ghee.
The bureau, in the report, said that as of last week, 22 items including tomatoes, potatoes, ghee, mutton, and liquefied petroleum gas (LPG) cylinders have become more expensive, reported Geo News.
In July, the Pakistan Muslim League-Nawaz (PML-N) had lashed out at the Imran Khan-led government for the rising inflation in the country and reiterated that the party will not let the Pakistan Tehreek-e-Insaf (PTI) pass the ‘anti-people budget’ in the National Assembly.
Highlighting that the rate of inflation has not come down below 10 per cent in the last two years, Pakistan politicians alleged that the assets of Imran Khan and his cabinet members have increased.

Fuel prices hiked Again

New Delhi [India]: Petrol and diesel prices continued to rise across the country for the third consecutive day on Saturday.
In Delhi, petrol and diesel prices were raised by Rs 0.35 to Rs 105.49 per litre and Rs 94.22 per litre respectively. For the third consecutive day, the rates of petrol and diesel were increased by Rs 0.35 in the national capital. In Mumbai, petrol prices increased by Rs 0.34 to Rs 111.43 while the cost of diesel increased by Rs 0.37 to Rs 102.15.
Petrol and diesel have been priced at Rs 106.10 per litre and Rs 97.33 per litre respectively in West Bengal’s Kolkata. In Chennai, petrol and diesel cost Rs 102.70 per litre and Rs 98.59 per litre respectively.
Oil companies started raising auto fuel prices over a week ago. The pause on the prices on October 12 and 13 came after a seven-day consecutive rise. Today, the prices were raised for the third consecutive day after a two-day pause.

Petrol, diesel get price hikes for second consecutive day

New Delhi [India]: Petrol and diesel prices were hiked for the second consecutive day across the country on Friday.
Petrol prices increased by Rs 0.35 to Rs 105.14 per litre in the national capital while the price of diesel was raised by the same amount to Rs 93.87 per litre. In the financial capital of the country, Mumbai, the petrol prices were raised by Rs 0.34 to Rs 111.09 per litre and diesel by Rs 0.38 to Rs 101.78 per litre.
Petrol and diesel have been priced at Rs 105.76 per litre and Rs 96.98 per litre respectively in West Bengal’s Kolkata and Rs 98.26 per litre and Rs 102.40 per litre in Chennai respectively.
Oil companies started raising auto fuel prices last week. The pause on the prices on October 12 and 13 came after a seven-day consecutive rise. Today, the prices were raised again for the second consecutive day after a two-day pause.

Petrol, diesel prices rise again

New Delhi [India] : Petrol and diesel prices were hiked again across the country on Thursday after a pause of two days.
Petrol prices increased by Rs 0.35 paise to Rs 104.79 per litre in the national capital while the price of diesel was raised by the same amount to Rs 93.52 per litre. In Mumbai, popularly known as the financial of India, petrol prices were raised by Rs 0.34 to Rs 110.75 per litre, and diesel by Rs 0.37 to Rs 101.4 per litre.
Petrol and diesel have been priced at Rs 113.37 and Rs 102.66 respectively in Madhya Pradesh’s Bhopal, Rs 105.43 and Rs 96.63 respectively in West Bengal’s Kolkata and Rs 102.10 and Rs 97.93 in Chennai respectively.
Oil companies started raising auto fuel prices last week. The pause on the prices on October 12 and 13 came after a seven-day consecutive rise.

Petrol, Diesel prices rise for 7th day

New Delhi [India]: Petrol and diesel prices were hiked across the country for the seventh consecutive day on Monday.
Prices of petrol and diesel rise by Rs 0.30 (at Rs 104.44/litre) and Rs 0.35 (at Rs 93.17/litre) respectively in Delhi today. In Mumbai, petrol is priced at Rs 110.41/litre (up by Rs 0.29) and diesel costs Rs 101.03/litre (up by Rs 0.37) today.

Petrol, diesel prices hiked for sixth consecutive day

New Delhi [India]: Petrol and diesel prices were hiked across the country for the sixth consecutive day on Sunday.
In Delhi, the petrol price was hiked by 30 paise per litre, taking it to Rs 104.14. The price of diesel in the national capital has gone up to Rs 92.82 per litre with the hike in price by Rs 0.35. In Mumbai, petrol is priced at Rs 110.12 per litre (up by Re 0.29) and diesel costs Rs 100.66 per litre (up by Re 0.37) today.

Petrol, diesel prices hiked for fifth consecutive day

New Delhi [India], October 9 (ANI): Petrol and diesel prices were hiked across the country for the fifth consecutive day on Saturday, ranging from 26 paise to 35 paise.
In Delhi, the petrol price was hiked by 30 paise per litre, taking it to Rs 104.23. In Kolkata, the price of diesel as of Saturday is 95.58 per litre, up by 35 paise.
Whereas, the prices of petrol and diesel in Chennai is Rs 101.27 and 96.93 per litre, respectively, up by 26 paise. (

Petrol, diesel prices see hike across metros

New Delhi [India]: Petrol and diesel prices rose on Tuesday across all four metros in the country.
In Delhi, petrol rates reached Rs 101.39 per litre, with a hike of Rs 0.20, while diesel saw a hike of Rs 0.25 for the second consecutive day and reached Rs 89.57 per litre. Petrol prices in Mumbai rose to Rs 107.47 per litre, after a hike of Rs 0.21, while rates of diesel reached Rs 97.21 per litre after an increase of Rs 0.27.
Petrol in Kolkata costs Rs 101. 87 per litre after an increase of Rs 0.25, while diesel costs Rs 92.67 a litre, which went up by Rs. 0.25 for the third consecutive day.
While petrol can be bought at Rs 99.15 in Chennai after witnessing a hike of Rs 0.19, diesel costs Rs 94.17 a litre, dearer by Rs. 0.24 for the second consecutive day.
Petrol and diesel prices are revised by the oil marketing companies. Rates have been increased across the country and differ from state to state depending on the incidence of value-added tax.

Congress releases stamps to oppose fuel price hike

Indore (Madhya Pradesh) [India]: Indore unit of Congress, which has been continuously opposing the inflation of LPG and petroleum products, released postage stamps to mark their concern on the issue on Monday.
Vivek Khandelwal, Congress Secretary of Madhya Pradesh issued the stamps in front of the media in Indore. Speaking on the occasion, Khandelwal said, inflation is increasing in the country, “whether its gas, petrol or ration, but the Modi government is sitting silent. While slamming centre, he said before 2014, inflation was a “witch” for them and now it looks like an “angel”.”
Adding to this, congress secretary said, two types of postage stamps have been made, one on “inflation”, in which inflation is sitting on the common man as a witch, the other ticket is of a gas tank in which it is written, “Abki baar gas 1000 ke paar”, Congress Secretary Vivek Khandelwal said.
Congress workers have issued a postage stamp today. Its purpose is that the central government and the state government are not able to control inflation, for the purpose of telling it to the general public, a postage stamp has been issued, Senior Congress leader Sajjan Singh Verma said in this matter.
Comparing to the previous government Verma slammed the centre for rising prices. when crude oil is $ 70 per barrel then why is petrol Rs 112 litre? he said.
“During Manmohan Singh government, when crude oil was $ 134 per barrel, we used to sell petrol for Rs 68 litre,” he added.

Power Minister RK Singh urges CMs, Union Ministers to convert official vehicles into electric vehicles

Union Minister of Power and New and Renewable Energy RK Singh on Friday urged all the Union Ministers and Chief Ministers to advise their respective ministries/departments to convert their present official petrol or diesel vehicles into electric vehicles.

New Delhi [India], August 27 : As part of its efforts to promote electric vehicles in the country, the Power Minister in a letter to all the Union Ministers including the Minister of States (Independent Charge) and Chief Ministers of all the states and UTs, urged to advise their respective ministries/departments to convert their fleet of official vehicles from present Internal Combustion Engine (ICE)/Petrol/Diesel Vehicles to Electric Vehicles for all official purposes. Union Minister also urged Union Ministers and Chief Ministers to join Centre’s initiative on transformative mobility.
“Such an action is expected to set an example for the general public and encourage them to switch over to E-Mobility,” said Singh.
The initiative is part of the ongoing Go Electric Campaign launched by the central government to promote Electric Vehicles (EVs) to meet multiple objectives — attaining the goal of reduction in emission, energy security and energy efficiency.

Petrol price today: Delhi, Kolkata brace for century-mark after fresh hike

Fuel prices continued an upward march on Monday with the price of petrol in Delhi inching closer to the three-figure mark. While petrol was priced at Rs 99.86 per litre in Delhi after a 35 paise hike, people in the national capital have to shell out Rs 89.36 (unchanged today) for one litre of diesel, news agency ANI reported.

In the other key cities too petrol prices continued to climb to new highs. In Mumbai, it was priced at Rs 105.92 per litre (24 paise hike), while in Chennai also it has surpassed the Rs 100-mark to retail at Rs 100.75/L. In Kolkata too, the price of petrol is inching closer to the three-figure mark and currently priced at Rs 99.84/L.

This is the third fuel price hike in July. Oil companies have increased petrol prices 34 times in the last two months. Diesel prices have been hiked 33 times during the same period.

They attribute the consistent increase in fuel prices to development in the global oil markets where both product and crude prices have been firming up for the past couple of months on demand rise amidst the slowing of a pandemic. However, a closer look at the fuel retail prices in the country gives a picture that it is the high level of taxes that are keeping fuel rates higher even in times when global oil prices are firm.

Global crude oil price is now hovering around USD 75 a barrel. It was over USD 80 a barrel in October 2018 but even then, the petrol prices hovered around Rs 80 a litre across the county. So, even with lower oil prices now, petrol prices have hit a century and crossed it by a wider margin now in several parts of the country. The only way retail prices could be brought down in this period is by way of tax cuts by both the Centre and States, suggests experts as crude oil prices are seen rising from here on.

With global crude prices also rising on a pick up demand and depleting inventories of world’s largest fuel guzzler — the US, retail prices of fuel in India are expected to firm up further in coming days. The benchmark Brent crude reached a multi-year high-level of over USD 75 on ICE or Intercontinental Exchange.

TMC to hold protest

The Trinamool Congress (TMC) will stage a sit-in protest across West Bengal rising fuel prices in the country on July 10 and 11, following all COVID protocols, informed TMC leader Partha Chatterjee on Monday. “Sit-in protests will be staged against hike in fuel prices in every block and town of West Bengal on July 10 and July 11, following all COVID protocols,” said Chatterjee.

West Bengal Chief Minister Mamata Banerjee said the “cruel hikes” in prices have “brought great distress” to the people, noting the prices of petrol and diesel were “hiked eight times since May”, of which six times were in June alone

This comes hours after Banerjee on Monday urged Prime Minister Narendra Modi to ‘substantially’ reduce taxes charged by the Central government on petrol and diesel, and to ‘check the overall inflationary trend in the country’.

In a letter addressing PM Modi, Mamata said, “I am alarmed by the fact that the Government of India is constantly increasing the Cess component of Central tax revenues which results in denying the States its legitimate share of 42 per cent of the tax collected by Government of India, since Cess accrues wholly with the Government of India, without sharing with the States,” said the West Bengal Chief Minister in her letter.

“I sincerely urge you to desist from the anti-federalist trend developed in the last few years. It is my earnest request that the taxes charged by the Central Government on petrol and diesel be substantially reduced to give much-needed relief to the common people and also to check the overall inflationary trend in the country today,” she said.

The West Bengal Chief Minister alleged that in the midst of this COVID pandemic, the Government of India has collected revenue of ‘staggering’ Rs 3.71 lakh crore (Rs.3,71,725 crore) from oil and petroleum products in the financial year 2020-21.

The West Bengal Chief Minister stated that over the last six years, the BJP-led central government’s tax collection from oil and petroleum products has jumped by a staggering 370 per cent since 2014-15 due to constant hikes in Central Excise Duty on oil and petroleum products including cesses and surcharges.

“Over the last six years of your Government, the Government of India’s tax collection from oil and petroleum products has jumped by a staggering 370 per cent since 2014-15. due to constant hikes in Central Excise Duty on oil and petroleum products including cesses and surcharges. at the cost of the common people,” said the letter.

In her letter to the PM, Mamata pointed out that the retail price of petrol in many States across the country has crossed an unprecedented Rs 100 per litre. She said that petrol and diesel prices were hiked by the Central Government eight times since May 4, 2021, and out of these, prices were hiked six times in the month of June 2021 and four times in one week.

Terming the hikes in petrol and diesel prices ‘cruel’, she said that they have affected the common people most adversely and have directly impacted the ‘dangerously rising’ inflation in the country.

The West Bengal Chief Minister further stated in her letter that the Wholesale Price Index (WPI) in the country rose by 12.94 per cent in May 2021, compared to May 2020.

Consumer Price Index rose by 6.30 per cent where the prices of edible oils used by common people every day, rose by 30.8 per cent, eggs by 15.2 per cent, fruits by 12 per cent and hearth related items, in the middle of the pandemic, by as much as 8.44 per cent, said Mamata.

Petrol Price Today Received Yet Another Hike ₹105 In Mumbai

Petrol and diesel price today received yet another hike, as upwards price revision for both fuel continue in July as well after 16 hikes last month. The latest fuel price hike has taken petrol past ₹105-per-litre mark in Mumbai, as Chennai became the latest major city to see the fuel price cross triple figures.

On Friday, petrol got costlier by 35 paise in Delhi, though there was some respite in diesel prices, which remained unchanged. Petrol pirce in Mumbai today will cost ₹105.24 while one litre of diesel will cost ₹96.72. Mumbai saw the price of petrol breach the Rs-100-per-litre mark for the first time on May 29.

In Chennai, petrol price has gone up to ₹100.13 after the latest hikes, while diesel is priced at ₹93.72 per litre. Delhi too is now on verge to join the Rs-100 club as petrol is inching closer to the three figure mark in the national capital. After today’s hike, petrol price in Delhi has reached ₹99.16 per litre and diesel is priced at ₹89.18.

Kolkata too is now verge of joining the Rs-100 club. The price for a litre of petrol has already reached ₹99.04 per litre in the city. The diesel price is still at ₹92.03 per litre in the capital city of West Benga.

In May this year, Bhopal became the first state capital in India where petrol price crossed the ₹100-mark. Later, state capitals like Jaipur, Mumbai, Hyderabad, Bengaluru, Patna and Thiruvananthapuram also joined the list of places where petrol breached the mark.

Petrol currently costs more than ₹100 per litre in as many as 12 states and Union Territories. These include states like Rajasthan, Madhya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, Jammu and Kashmir, Odisha, Ladakh, Bihar, Kerala and Tamil Nadu. Diesel price too has breached the ₹100-per-litre mark in Rajasthan and Odisha.

In June, India saw as many as 16 fuel price hikes. June alone saw petrol and diesel price rise by more than ₹4 per litre. The spate of price rise began on May 4 after the oil companies began revising fuel prices upwards after a hiatus of more than two months due to assembly elections in five states.

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