Fuel of Trust
India’s push towards ethanol-blended petrol is rooted in sound national objectives.
India’s push towards ethanol-blended petrol is rooted in sound national objectives.
The Finance Ministry notification covers E22, E25, E27 and E30 fuel variants, provided they follow BIS specifications and composition rules.
A sharp increase in fuel prices has started reflecting in Chhattisgarh. Petrol prices in Raipur have now crossed the ₹103 per litre mark.
The common man in Uttar Pradesh, already grappling with inflation, cooking gas shortages, and increased milk prices, received yet another blow as petrol, diesel, and CNG prices in the state increased starting Friday morning.
India’s state-run oil companies have raised petrol and diesel prices by ₹3 per litre nationwide, pushing fuel costs higher across major cities amid rising crude oil pressures.
In Mumbai, the petrol price is stable at Rs 107.26 per litre, while the diesel rate also remain unchanged at Rs 96.19 a litre.
The concerns on demand due to the pandemic are also affecting oil prices.
Under the pricing formula adopted by oil companies, rates of petrol and diesel are to be reviewed and revised on a daily basis.
After touching the $ 74 a barrel mark last week, benchmark Brent crude is marginally lower now at around $ 72 a barrel.
Across the country as well the petrol and diesel prices remained static on Thursday but their retail rates varied depending on the level of local taxes in a particular state.
