Oil stocks tank up to 8% after cut in petrol, diesel prices; HPCL, BPCL, IOCL, GAIL, ONGC lead fall
OMCs have slashed petrol and diesel prices across the country by ₹2 per litre for the first time in two years since April 2022.
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Petrol, diesel to be cheaper by ₹2 from today
Reduced petrol and diesel prices will benefit the citizens through more disposable income, says government
Retail inflation cools to 15-month low of 5.6% on easing food prices
CPI-based inflation falls within the Reserve Bank of India’s target band of 4%-6%.
Brent crude hits a month low, but petrol, diesel prices remain steady
Brent crude oil price has fallen 9.2% in the last two days to $78.01 per barrel, the lowest level since December 12, 2022.
Petrol, diesel prices to rise after OPEC oil production cut
OPEC Plus – a grouping of 23 oil-rich countries -- is meeting in Vienna on Wednesday to discuss a major production cut for the first time since March 2020.
No airfare caps on domestic flights from Aug 31
Civil aviation minister Jyotiraditya Scindia says the decision taken after careful analysis of daily demand and prices of air turbine fuel
Maruti Suzuki margins down 30% but silver lining in fuel-efficient models
The fall in margins has not deterred India's largest carmaker, as it believes that car buyers will choose its fuel-efficient models in the wake of rising fuel prices.
The Cassandra Effect in India’s Aviation
Why the airlines’ pleas fall on deaf ears
Centre announces big cut on fuel excise duty, ₹200 subsidy on LPG cylinder
Fuel excise duty cut will have a revenue implication of ₹1 lakh cr a year. Subsidy on LPG will have a revenue implication of ₹6,100 cr a year.
Fuel tax cut necessary to restart consumption: CII President Sanjiv Bajaj
Bajaj calls for collaborative efforts of state and the central governments in cutting taxes.
