Petrol Rate

Jet fuel (ATF) price on Wednesday was hiked by 4 per cent in line with firming international oil prices but petrol and diesel rates remained on freeze for a record 10th month in running.

Union Minister Nitin Gadkari today said it was his dream that vehicles running on diesel and petrol get phased out in the next four to five years.

The tax rates are revised every fortnight based on prevailing international rates. The levy on petrol export has since been abolished.

State-owned Indian Oil Corporation (IOC) on Saturday reported a net loss of Rs 272.35 crore for July-September - the second straight quarter of loss arising from selling petrol, diesel and cooking gas LPG at rates below cost.

The Congress on Sunday demanded immediate relief for middle and lower-income group families by reducing petrol and diesel by at least Rs 15 per litre and cooking gas prices by at least Rs 150 per cylinder.

International oil prices have hit a seven-month low but there is no change in retail selling price of petrol and diesel in India as state-owned fuel retailers recoup losses incurred for holding rates for a record five months despite rising cost.

The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd this fiscal, Fitch Ratings said on Wednesday.

Petrol prices were increased 78 times, while diesel rates were increased 76 times in Delhi during the financial year 2021-2022, the government told the Parliament today.

Indian Oil Corporation (IOC), Bharat Petroleum and Hindustan Petroleum may post a combined loss of Rs 10,700 crore in June quarter on selling petrol and diesel at rates below cost, a report said on Monday.

Petrol and diesel prices on Friday kept unchanged across metro cities for more than a month.

Petrol and diesel prices on Thursday remained steady across metro cities for more than a month.

Petrol and diesel prices on Wednesday kept unchanged across metro cities for more than a month.

Petrol and diesel prices on Tuesday remained steady across metro cities for more than a month.

Petrol and diesel prices on Monday remained unchanged across metro cities for more than a month.

Petrol and diesel prices on Friday remained steady across metro cities for more than a month.

Jet fuel (ATF) price on Wednesday was hiked by 4 per cent in line with firming international oil prices but petrol and diesel rates remained on freeze for a record 10th month in running.

Union Minister Nitin Gadkari today said it was his dream that vehicles running on diesel and petrol get phased out in the next four to five years.

The tax rates are revised every fortnight based on prevailing international rates. The levy on petrol export has since been abolished.

State-owned Indian Oil Corporation (IOC) on Saturday reported a net loss of Rs 272.35 crore for July-September - the second straight quarter of loss arising from selling petrol, diesel and cooking gas LPG at rates below cost.

The Congress on Sunday demanded immediate relief for middle and lower-income group families by reducing petrol and diesel by at least Rs 15 per litre and cooking gas prices by at least Rs 150 per cylinder.

International oil prices have hit a seven-month low but there is no change in retail selling price of petrol and diesel in India as state-owned fuel retailers recoup losses incurred for holding rates for a record five months despite rising cost.

The freeze on petrol, diesel and LPG price revision despite rising cost will hit profitability of state-owned Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd this fiscal, Fitch Ratings said on Wednesday.

Petrol prices were increased 78 times, while diesel rates were increased 76 times in Delhi during the financial year 2021-2022, the government told the Parliament today.

Indian Oil Corporation (IOC), Bharat Petroleum and Hindustan Petroleum may post a combined loss of Rs 10,700 crore in June quarter on selling petrol and diesel at rates below cost, a report said on Monday.

Petrol and diesel prices on Friday kept unchanged across metro cities for more than a month.

Petrol and diesel prices on Thursday remained steady across metro cities for more than a month.

Petrol and diesel prices on Wednesday kept unchanged across metro cities for more than a month.

Petrol and diesel prices on Tuesday remained steady across metro cities for more than a month.

Petrol and diesel prices on Monday remained unchanged across metro cities for more than a month.

Petrol and diesel prices on Friday remained steady across metro cities for more than a month.