Results for "fuel"

The government has dismissed those claims as misleading, insurers have clarified that using E20 fuel does not invalidate motor insurance policies.

The market analysts believe that the second price hike will improve daily profitability by nearly Rs 38 crore.

Any decision to increase Ethanol blending will be done after technical validation and extensive testing, said sources, adding that there is currently no proposal to introduce E25 fuel.

A S Sahney, Chairman and Managing Director of Indian Oil Corporation Limited said the OMCs are currently processing crude purchased earlier at higher prices and have not yet received fresh cargoes procured at the recent lower rates.

There is no change in the export duty on petrol or in the excise duties on petrol and diesel sold within India.

India begins E85 fuel rollout at 48 OMC outlets,  a cleaner and cheaper alternative to petrol. The ethanol-based fuel is expected to cut emissions, support farmers and boost energy self-reliance.

The German envoy said Germany is investing heavily in India, with nearly 2,000 German companies operating in the country and the number continuing to grow.

The Ministry of Petroleum and & Natural Gas said that It has been observed that Private Oil Marketing Companies are experiencing a decline of approximately 38% in HSD offtake during the current month, across both retail outlets and bulk customers due to higher rates fixed by them.

In a post on X, Kharge compared fuel prices and crude oil rates between 2014 and 2026, alleging that the Centre was continuing its “profiteering” at the cost of common citizens.

Amid fuel supply constraints arising due to the Iran-US war, the Centre has trimmed its excise duty on fuel import by Rs 10 per litre.

Reacting to the latest increase in petrol and diesel prices, the Virudhunagar MP said the government’s argument that OMCs were suffering losses had been “demolished” by the companies’ financial performance in recent years.

The latest revision has pushed petrol prices above the Rs 100-mark in all four metro cities, while diesel rates continued to edge closer to the century mark in several cities.

For diesel, Thiruvananthapuram emerged as the most expansive with Rs 99.63 per litre while Hyderabad is at the second place at 98.96 per litre.

According to My Petrol Price website, on May 12, the current fuel price in Delhi is Rs 94.81 per litre for petrol, Rs 87.71 per litre for diesel, Rs 100.9 per kg for CNG, Rs 64.8 per litre for Auto Gas.

Amitabh Kant noted that India currently imports most of its fossil fuel requirements and nearly half of its gas requirements, making energy independence critical for long-term national resilience.

According to the Goodreturn market news website, on May 11, the petrol price stands at Rs 94.77 per litre while the price of diesel is 87.67 per litre in New Delhi with no change recorded from yesterday.