Methanol (M-15) blended with petrol and used in the existing BS-IV standard cars reduces carbon dioxide emission, a study conducted by Pune-based Automotive Research Association of India (ARAI) has shown.
Petrol, diesel prices increase as rupee continues to fall; crude oil declines on record US production
Petrol and diesel prices increased by up to 14 paise and 20 paise respectively in major cities across the country on Thursday following the continuous fall of rupee even as crude oil rates dipped after US production
Petrol and diesel prices continue to increase in different parts of the country on Thursday with one liter of petrol now selling at Rs. 70.47/litre (increase by Rs 0.14) in Delhi. The price of a liter of diesel in Delhi is now Rs 64.78/litre (increase by Rs. 0.19).
With the benchmark Brent crude oil showing signs of recovering from a bearish market in the short term, petrol and diesel prices may go up once again this week. In the last seven days, Brent has jumped by about 10% while fuel rates in India have gone down.
Petrol, diesel prices were slashed for the second day straight on Saturday. After the price revision, petrol became cheaper by 15-16 paise across major Indian cities while diesel became cheaper by 18-20 paise.
The State Government has increased the rate of sales tax on petrol and diesel to 32% and 21% respectively to protect its revenues from auto fuel taxes. The government was losing revenues from this source since the prices of petrol and diesel have been falling in the past 10 weeks.
Transport fuel prices in the country, which have been on a slide for some time, will decline further, Petroleum Minister Dharmendra Pradhan said on Wednesday.
Indian state-owned fuel retailers have stopped absorbing a government-mandated cut of 1 rupee (0.014 U.S. cents) a liter in their marketing margins on the sale of petrol and diesel due to a steep fall in global oil prices, sources said.
Petrol, diesel prices today: After several days of price reduction, the oil marketing companies (OMCs) Wednesday kept the petrol and diesel prices unchanged across major cities.
Jet fuel price Tuesday was cut by a record 14.7 per cent on the back of decline in international rates, making it cheaper than both petrol and diesel. The price of Aviation Turbine Fuel (ATF) — used to power airplanes