Crude Jolt Pushes Fuel Prices To 55-month High

Crude Jolt Pushes Fuel Prices To 55-month High

Fuel prices across the country on Thursday rose to highest level in 55 months as global benchmark Brent crude climbed to $74.74 a barrel, the highest since November 27, 2014 — the day when Opec started a price war and sent oil prices tumbling to $30 a year later.

Rise In Fuel Prices: BCIC Wants Petroleum Products Under GST

Rise In Fuel Prices: BCIC Wants Petroleum Products Under GST

Bangalore Chamber of Industry and Commerce has sought the intervention of GST Councilto arrest the rising prices of petroleum products by bringing petroleum products under the GST. In the two-month span, petroleum prices have increased by Rs.15 per litre of petrol in Bangalore while it is much higher in other parts of the country, the Chamber said.