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.
Across the country as well the petrol and diesel prices fell on Thursday but its retail levels varied depending on the level of local levies in respective states.
Petrol and diesel fell by 22 paise and 23 paise per litre respectively last week on Tuesday in the wake of global softening of oil prices.
The total government subsidy for fertilizer, food and petroleum was aggregated to Rs 1,96,769 crore. This constitutes 56.53 per cent of central petroleum revenue and 34.18 per cent of the total petroleum sector's revenue. This clearly shows that this sector meets the Centre's entire subsidy burden; so, it would be wrong to say the subsidy to the sector is a burden on the government
In the national capital, petrol price on Sunday stood at Rs 80.43 per litre and diesel at Rs 80.53 a litre, same levels as the last four days when OMCs went for a pause and kept the prices unchanged.
While the nation is under lockdown to fight the COVID-19 crisis, a scheme to provide relief to PMUY beneficiaries has been implemented under the Pradhan Mantri Garib Kalyan Yojana in association with Indian Oil and other oil marketing companies, the government said.
