September 26, 2024, 02:17 PM - 3 min read
A recent drop in crude oil prices may allow Indian state-owned firms to reduce petrol and diesel prices by Rs 2-3 per litre, as marketing margins have improved, according to Icra, following a period of price freezes since March 2022.
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September 19, 2024, 05:04 PM - 3 min read
Oil prices remain volatile, fluctuating between USD 70 and USD 75 per barrel. Despite a recent drop in crude prices, fuel rates in India remain frozen. State-owned retailers may adjust prices before Maharashtra elections, but uncertainty over future price trends continues.
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June 17, 2024, 12:54 PM - 2 min read
Fuel sales, which typically surge during election periods, have deviated from this pattern in 2024, showing a consistent decline month after month. The downward trend persisted even after the conclusion of the general elections.
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June 16, 2024, 08:27 PM - 2 min read
According to Siddaramaiah, the VAT on petrol is 25 per cent plus Rs 5.12 additional tax, and on diesel in Maharashtra it is 21 per cent. He, further, states, Karnataka’s revised rates are still more affordable.
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March 15, 2024, 01:51 PM - 2 min read
The Ministry of Petroleum and Natural Gas emphasized in a social media post that the reduction in fuel prices would positively impact consumer spending and reduce operating costs, especially for heavy goods vehicles, cars, and two-wheelers.
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March 14, 2024, 09:58 PM - 2 min read
Petrol and diesel prices were cut by Rs 2 per litre each. The revised price will be applicable from 6 am on Friday, March 15.
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