Amid West Asia crisis, Cabinet okays Rs 10,000 crore support for domestic airlines towards ATF pricing
The move is aimed at easing pressure on OMCs and shielding them from losses due to rising ATF prices.
The move is aimed at easing pressure on OMCs and shielding them from losses due to rising ATF prices.
Even after the price hike on petrol and diesel, the state-run oil marketing companies (OMCs) continue to lose around Rs 600 crore a day.
The government has appealed to residents not to pay attention to rumours being circulated about gas supply and avoid unnecessary panic buying or hoarding.
Last month the government eased norms for installing EV charging stations and instructed state governments to promote setting up of EV charging infrastructure.
Across the country as well, the price of the fuel largely remained unchanged on Monday but the retail rates varied depending on the level of local taxes.
Accordingly, petrol and diesel prices remained static for the 14th consecutive day on Thursday under the daily price revision mechanism followed by oil marketing companies.
Under the pricing formula adopted by oil companies, rates of petrol and diesel are to be reviewed and revised on a daily basis.
Prices of both auto fuels reduced only once in April by 16 and 14 paisa per litre, respectively. Diesel prices were also reduced by 16 paisa per litre in Delhi on July 12.
Across the country, petrol and diesel prices increased between 24-28 paise per litre on Monday, but its retail prices varied depending on local taxes in different states.
Accordingly, pump price of petrol and diesel remained at Rs 90.40 a litre and Rs 80.73 a litre respectively in Delhi.
