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.
Petrol and diesel after the hike of 50 paise and 55 paise respectively in Delhi are now being sold at Rs 99.11 per litre and Rs 90.42 per litre today.
Till Tuesday, fuel prices were steady since early November when the Centre reduced excise duty on petrol and diesel by Rs 5 and Rs 10 per litre, respectively.
Accordingly, the increase in selling price, which includes state levies, central excise and cess amongst other factors, came days after an astronomical rise in crude oil prices due to the Russia-Ukraine war.
If sources in the industry are to be believed, the minimum price of petrol and diesel may go up by Rs 5 a litre. It might go up as high as Rs 10 a litre if the tension between Russia-Ukraine does not ease by then.
The cost-of-living increase was mainly influenced by higher prices for petrol, mortgage interest payments, and second-hand motor cars, Dewbery said.
