Petroleum dealers and bulk consumers such as truckers and bus operators have revived their demand to abolish daily price revision of motor fuels, two days after the Organisation of the Petroleum Marketing Countries (Opec) decided to cut down crude oil production globally.
Just when it looked like oil prices cooling off had offered some respite to India’s macros, Organisation of the Petroleum Exporting Countries (Opec) decision to cut back production by 1.2 million barrels per day is threatening to heat things up again.
The State Bank of India is offering five litres of petrol to its customers for free. SBI customers can get five litres of petrol on just making a Rs 100 purchase of fuel.
Petrol and diesel prices are likely to drop again in Delhi compared to adjoining cities of Uttar Pradesh, The ad valorem tax structure will lead to a bigger reduction in daily prices in the national capital.
The newly constituted Board of Infrastructure Leasing & Financial Services (IL&FS) Ltd is in the process of evaluating and initiating divestment of four more subsidiaries in the coming weeks. Meanwhile, the crisis-hit lender has already
With both, the BJP and Congress trading charges over spurt in electricity bills recovered by Adani Electricity, the Maharashtra Electricity Regulatory Commission (MERC) has sought explanation from the latter regarding media reports in this regard.
A Delhi court on Monday said it would pronounce on December 5 its order on the sentencing of former coal secretary H C Gupta and five others convicted for irregularities in the allotment of coal blocks to a private firm in West Bengal.
Bringing relief to thermal power plants owned by Tata, Adani and Essar groups, the Gujarat government Saturday passed an order to allow pass-through of higher cost of coal to end consumers, a source said.
The rupee has made a strong comeback in the past two months after being one of the worst hit currencies in Asia in 2018. After depreciating around 14% (64 to 74.5) from the beginning of the year, its trading below 70 against the US dollar now.
Three months back, when state power watchdog held hearings on issues related to puffed up power bills suburban consumers have been receiving, none of the political leaders bothered to show up.