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India’s booming domestic tourism, and long-distance highway travel are among the prime factors driving petrol consumption to record highs. As per recent data from the Petroleum Planning and Analysis Cell (PPAC), some Indian states and Union Territories are consuming petrol significantly more per person than the national average. It is largely because of tourism and…
Anupam Mital, who has been appearing as one of the beloved judges on ‘Shark Tank India’, has shared a post in support of remote work, after Prime Minister Narendra Modi’s appeal to reduce fuel consumption and cut imports by reviving some Covid-era work practices. Anupam Mittal proposes that one day, work from home Mittal took…
Reserve Bank Governor Sanjay Malhotra has said the government may eventually have to raise petrol and diesel prices if the ongoing Middle East crisis continues for a prolonged period, PTI reported on Wednesday.Speaking at a conference in Switzerland on Tuesday, Malhotra said the disruption in oil and gas supplies due to the conflict and blockade…
India may have enough fuel in its tanks for now but rising global crude prices combined with unchanged domestic rates are pointing towards a pressing question: How likely are petrol and diesel price hikes?The government has repeatedly assured citizens that there is no fuel shortage or rationing plan despite global energy market disruptions caused by…
State-run oil marketing companies are facing a major hit to their finances, Union petroleum and natural gas minister Hardeep Singh Puri flagged on Tuesday. Puri said that oil marketing companies (OMCs) are collectively losing around Rs 1,000 crore every day as they continue to sell petrol, diesel and LPG below cost. He added that the…
India has sufficient fuel inventories and there is no plan to ration petrol, diesel or LPG supplies despite continuing disruptions in global energy markets, Oil Secretary Neeraj Mittal said on Monday, PTI reported.Addressing the CII Annual Business Summit, Mittal said the country has maintained adequate fuel and LPG stocks during the ongoing West Asia crisis…
NEW DELHI: Prime Minister Narendra Modi on Sunday urged people to use petrol, diesel and gas “with great restraint”, saying reducing dependence on imported fuel would help India limit the impact of the ongoing war.Addressing a gathering in Hyderabad after virtually inaugurating and laying the foundation stone for projects worth around Rs 9,400 crore in…
NEW DELHI: The West Asia conflict is pushing govt to look at a faster transition towards renewable energy, including the possibility of increasing ethanol blending in petrol from 20-25%, although in a calibrated manner. This will come along with increased refining capacity within the country, so that there is a buffer in the system and…
NEW DELHI: Petrol and diesel prices remained unchanged across major cities in India on Thursday, even as global crude oil prices continued to rise amid geopolitical uncertainty in West Asia.Government sources, however, have not ruled out a possible fuel price hike in the near future as oil marketing companies continue to face mounting losses due…
Petrol (Gasoline) prices in the United States have surged sharply since the start of the Iran war, with the average price of regular fuel climbing to $4.48 per gallon, up 31 cents in the past week alone, AP reported citing AAA.Fuel prices are now about 50 per cent higher than before the conflict began, driven…
