Around 20,000 litres of petrol were wasted when a fuel tanker overturned at the mouth of the Moolchand Underpass on Delhi’s Ring Road on Tuesday morning.
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
Petrol, Diesel Prices Cut For Fifth Straight Day Since Daily Revision; Petrol Down By 10 Paise/litre In Delhi
Petrol and diesel prices in metro cities fell for fifth day in a row today after daily retail fuel price revision was implemented nationwide on June 16.
After facing temporary resistance from fuel dealers, the Indian government formally launched a new system that allows oil companies to revise the petrol and diesel prices daily in India from June 16.
New Delhi: Fuel demand rose 5.4 per cent in May, compared with the same period last year.
Starting June 16, you will be paying a different rate every day when you go to a gas station near you to get petrol or diesel for your vehicle.
Petrol and diesel prices are going to rise across the country from midnight May 31/June 1.
Oil and Natural Gas Corporation (ONGC) is reportedly planning to invest around Rs 30,000 crore in 2017-18 to develop oil and gas fields, expand refining capacity, and build pipelines.
Oil companies will have to take a collective hit of about Rs 25,000 crore a year after the roll-out of the goods and services tax since most of their output is outside the ambit of the new system,
Petrol and diesel prices in five cities are currently being revised daily on a pilot basis which started from May 1.