Fuel price hike: Petrol crosses ₹103 in Raipur, diesel sees sharp rise
A sharp increase in fuel prices has started reflecting in Chhattisgarh. Petrol prices in Raipur have now crossed the ₹103 per litre mark.
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.
The Government has said that citizens are encouraged to use alternate fuels such as PNG and electric or induction cooktops.
In the light of the ongoing developments in West Asia, the Union government on Wednesday said India is maintaining sufficient stocks of petrol and diesel, adding that all refineries are operating at high capacity, with adequate crude inventories in place.
The death toll from a massive explosion at a fuel depot in central Italy rose to five after the body of the last missing worker was found, Italian authorities confirmed.
Under the EBP programme, public sector oil marketing companies (OMCs) sell ethanol blended with petrol.
The move marks the end of a levy introduced in July 2022, and is set to bring relief to oil conglomerates Reliance and ONGC, as their gross refining margins may get a lift.
India's petrol, aviation turbine fuel, and LPG consumption shot up in October this year compared to the same month last year, reflecting the rising demand for these fuels in a growing economy.
The Minister cited global factors such as the war in the Middle East and voluntary cuts in oil production, which are influencing the oil prices in the global market.
