Petrol is a transparent, petroleum‑derived flammable liquid that is used primarily as a fuel in most spark-ignited internal combustion engines. It is one of the main products, which is consumed heavily worldwide to fuel vehicles – the other is diesel. A derivative product of crude oil or petroleum, it is derived during the fractional distillation process. Although, its primary use is to fuel motor vehicles, it is not used for this purpose in its crude form. To use it as fuel for passenger vehicles, different additives are added to it like ethanol. Petrol price differs in every part of the world. A major driver of petrol prices is crude oil prices, which is one of the most important macroeconomic indicators for the world. In India, petrol prices differ from state to state depending on the incidence of local taxes such as value-added tax (VAT) and freight charges. Currently, the petrol price in the country has not changed for over 100 days – the longest freeze in the price since daily fuel price revision was adopted in June 2017 -- which comes during the assembly elections in states like Uttar Pradesh and Punjab. Prior to this, the second-longest pause of 82 days was between March 17, 2020, and June 6, 2020. More
Jun 25, 2022 09:28 AM ISTIn Mumbai, petrol is selling at Rs 111.35 and diesel at Rs 97.28
Jun 23, 2022 07:24 PM IST ONGC Videsh had earlier discovered oil in Mariposa and Indico fields in the years 2017 and 2018, respectively.
Jun 19, 2022 09:14 AM IST In Mumbai, a litre of petrol costs Rs 111.35 and diesel Rs 97.28
Jun 18, 2022 11:41 AM IST In Mumbai, one litre of petrol costs R s 111.35 and diesel Rs 97.28
Jun 17, 2022 02:43 PM IST The Universal Service Obligation will make it obligatory for OMCs to provide supply to retail pumps across the country for the benefit of the end-customers.
Jun 16, 2022 08:03 AM IST Petrol in Delhi costs Rs 96.72 a litre while diesel costs Rs 89.62 a litre
Jun 15, 2022 08:16 PM IST Some petrol pumps in states like Madhya Pradesh, Rajasthan, and Karnataka have run dry as a result of a sudden surge in demand at PSU outlets, which followed a curtailment of operations by private fuel retailers to stem heavy losses.
Jun 15, 2022 03:45 PM IST India's petrol consumption increased by 54% and diesel consumption increased by 48% in the first fortnight of June compared to the same period a year ago, indicating continued demand recovery from a low base in 2021.
Jun 10, 2022 02:40 PM IST The Indian basket on June 9 touched USD 121.28, matching levels seen in February/March 2012, according to data available from the oil ministry's Petroleum Planning and Analysis Cell (PPAC).
Jun 10, 2022 12:50 PM IST There is no change in the basic price of ethanol from the different feedstock and the vendors have to maintain the prevailing rates in the invoices.
Jun 10, 2022 07:50 AM IST In Mumbai, one litre of petrol costs Rs 111.35 and diesel Rs 97.28. In Chennai, petrol and diesel prices are Rs 102.63 and Rs 94.24 per litre, respectively. In Kolkata, petrol is Rs 106.03, and diesel is Rs 92.76 per litre.
Jun 09, 2022 07:21 AM IST In Mumbai, one litre of petrol costs Rs 111.35 and diesel Rs 97.28. In Chennai, petrol and diesel prices are Rs 102.63 and Rs 94.24 per litre, respectively. In Kolkata, petrol is Rs 106.03, and diesel is Rs 92.76 per litre.
Jun 08, 2022 06:05 PM IST The use of 10% ethanol-blended gasoline has saved the country about Rs 41,000 crore in foreign cash, according to Ashwini Kumar Choubey, minister of state for environment, forest and climate change.
Jun 06, 2022 06:53 PM IST Union minister for petroleum and natural gas Hardeep Singh Puri said on June 6 that some petrol pumps in the country may be able to sell 20% ethanol blended petrol ahead of the April 2023 target.
Jun 06, 2022 10:14 AM IST With crude oil at $120, retail petrol and diesel prices have under-recoveries of Rs 14 & Rs 24 per litre, respectively
Jun 01, 2022 05:04 PM IST The price of a litre of diesel has been raised 1.5 percent and the fuel nows costs Dh4.14, up from Dh4.08 in May
May 31, 2022 04:17 PM IST After additional discoveries in the western and eastern offshore began producing, ONGC claimed its crude oil production would grow 11% and natural gas output will jump 25%, reversing a downward trend in recent years.
May 31, 2022 09:53 AM IST The driver of an auto-rickshaw on the outskirts of the commercial capital Colombo, she keeps a close eye on the petrol gauge of her sky-blue three-wheeler before accepting a job to make sure she has enough fuel.
May 30, 2022 11:32 AM IST The SBI report noted that recent measures by the government would ease inflation by 35-40 bps.
May 30, 2022 07:47 AM IST Petrol in Delhi now costs Rs 96.72 a litre as against Rs 105.41 earlier while diesel costs Rs 89.62 a litre as opposed to Rs 96.67 before.
May 29, 2022 08:40 AM IST Petrol in Delhi now costs Rs 96.72 a litre as against Rs 105.41 earlier while diesel costs Rs 89.62 a litre as opposed to Rs 96.67 before.
May 27, 2022 03:42 PM IST AIPDA, which represents 22 state fuel dealers associations in India, met petroleum ministry officials, who assured them that their demand will be fast-tracked and that the centre will set up a meeting between fuel dealers and oil marketing companies.
May 27, 2022 08:14 AM IST The excise sop translated into a reduction of Rs 9.5 a litre on petrol in Delhi and Rs 7 a litre in diesel after taking into account its impact on other levies
May 27, 2022 06:48 AM IST After the increase, the price of petrol will be at Rs 179.85, diesel at Rs 174.15, kerosene at Rs 155.95 and light diesel at Rs 148.41.
May 24, 2022 09:44 AM IST With the second fuel price hike since April 19, now the most-used Octane 92 petrol would cost 420 rupees (USD 1.17) and diesel 400 rupees (USD 1.11) a liter, an all-time high.
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