Under the dynamic pricing scheme, petrol and diesel prices are revised on a daily basis in sync with global crude oil prices.
Despite Indian Railways repeated claims that it has been making efforts to save on its energy requirement, the audit report by the Comptroller and Auditor General (CAG) revealed that the national transport monolith has lost more than Rs 3,000 crore on savings by way of delay in implementing electrification projects and running rakes with diesel locos on electrified routes.
It’s easy to slam diesel for being the root of the world’s pollution woes. Let’s face it, the fuel has caused considerable harm to the environment.
Petrol price was hiked by 14 paise and diesel by 19 paise, applicable from 6:00 a.m. on 15th July 2017.
Petrol price was slashed by 13 paise and diesel by 24 paise applicable from 6:00 a.m. on 8th July 2017.
Petrol and diesel prices for July 7, 2017 under the dynamic pricing changes every day.
For July 7, 2017 petrol prices in New Delhi were Rs 63.33 per litre, Kolkata at Rs 66.33 per litre, Rs 74.54 per litre in Mumbai and Rs 65.72 per litre in Chennai.
India’s diesel imports have intensified with state-owned refiner Hindustan Petroleum Corp (HPCL) entering the spot market on Tuesday to seek its seventh cargo of the fuel for July, trade sources said. But imports could slow as monsoon season starts in India, they added.
The GST Council may decide to include natural gas in the Goods and Services Tax (GST) regime as a measure to provide some relief to the oil and gas sector.
Petrol and diesel prices are falling since the daily fuel price revision was implemented. But unlike earlier, when there would be significant noticeable changes every fortnight, this time, the prices have fallen by just a few paise everyday,
Petrol and diesel rates were cut on Tuesday as the new daily price revision entered its fifth day. State-run oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum implemented a new system of petrol and diesel price revision from June 16