Petrol, diesel prices continue downward trend
Business | October 11, 2019 11:11 ISTOn Friday, petrol prices in Delhi and Mumbai fell down by 12 paisa a litre; 11 paisa/litre in Kolkata and 13 paisa/litre in Chennai.
On Friday, petrol prices in Delhi and Mumbai fell down by 12 paisa a litre; 11 paisa/litre in Kolkata and 13 paisa/litre in Chennai.
Petrol prices were cut by 13 paisa per litre, while diesel prices were down by 12 paisa per litre in Delhi, Kolkata, Mumbai and Chennai.
The fuel price has seen a decline for the past two days and in Delhi petrol rates have come down by 28 paisa/litre and diesel by 14 paisa/litre.
Amid Prime Minister Narendra Modi's mission to eradicate plastic use, Nagpur's Uma Diwedi has successfully converted single-use plastics and other such junks into diesel.
Allaying fears of the automobile industry, Union Road Transport Minister Nitin Gadkari on Monday said there is no need to ban petrol and diesel vehicles as electric mobility has picked up momentum on its own and all buses would be electric in two years.
Petrol and diesel prices have registered a significant jump over the past six days, with Delhi seeing petrol prices increase to Rs 1.88 per litre and diesel prices hike to Rs 1.50 per litre.
Analysts have warned that the style of the attacks on Saudi Aramco's Abqaiq and Khurais oil facilities may add a permanent risk premium to oil and gasoline prices.
Global oil prices are on the boil again in the aftermath of the largest ever-disruption in crude production post drone attacks in Saudi Aramco's two of the largest oil processing facilities.
Following the largest ever-disruption of crude production in Saudi Arabia amid drone attacks on its key facilities, prices of petrol and diesel in India may shoot up by Rs 5 to 6 a litre in next fortnight, experts said on Monday.
Toyota Kirloskar Motor (TKM) is planning to continue to sell diesel models in the country even as prices of such vehicles are expected to go up significantly with the upcoming BS-VI emission norms from April 1 next year, a top company official has said.
A litre of petrol will now cost 98 paisa more across the state while a litre of diesel has become dearer by Rs 2.35.
Good news for those who were disappointed with Jeep for not bringing automatic transmission in the diesel variant of Jeep Compass for over two years. It's finally here. As per reports, Jeep is planning to bring in its 9-speed automatic gearbox to the lower models in the coming months. This is the same gearbox that comes with the Jeep Compass Trailhawk.
Petrol and diesel have turned costlier by up to Rs 5 per litre in Rajasthan following a hike in excise duty and road cess announced by the Centre and increase in local levies by the state government.
Presenting the first Budget of the Modi government in its second term, Sitharaman said surcharges on individuals having taxable income of Rs 2 crore to Rs 5 crore; and Rs 5 crore and more have been raised.
Petrol and diesel prices started rising soon after the last phase of the general election concluded, and have increased by 70-80 paisa per litre in the past nine days.
According to a senior official of Honda Cars India Ltd (HCIL), the company plans to upgrade its two diesel engines, which power models like Amaze, City, WR-V, BR-V, Civic and CR-V to conform to stricter BS-VI emission norms.
The company's other products like compact SUV Nexon and recently launched SUV Harrier come with bigger 1.5-litre and 2-litre powertrains respectively and are expected to be upgraded to the next level going ahead.
The country's largest carmaker Maruti Suzuki India (MSI) Thursday said it will phase out all diesel cars from its portfolio with effect from April 1, 2020.
State-run oil marketing companies increased petrol rates by 38 paise per litre on Monday, while diesel prices were raised by 49-52 paise across the four major metros.
Petrol price in Delhi was cut to Rs 69.04 per litre from Rs 69.26 while diesel rates came down to Rs 63.09 from Rs 63.32 a litre, according to the price notification of state-owned oil firms.
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