Fuel prices stay unchanged despite global oil turmoil but for how long? With crude rising and tensions easing, will petrol and diesel rates finally go up, or is this just temporary relief for consumers?
With crude oil prices hovering above $100 per barrel, the private fuel retailer has increased fuel prices to offset its losses. In Bengaluru, petrol prices have been hiked by Rs 7.41 per liter. Additionally, the price of diesel has seen an increase of Rs 25.
Will the OPEC+ decision to raise crude output by 1.37 million barrels per day finally ease petrol prices in India? Here’s what the latest global oil policy shift means for consumers and the economy.
India discovers massive crude oil and gas reserves in the Andaman Sea, boosting energy security and reducing import dependence. Read more on Dynamite News
LPG prices hikes by ₹50/cylinder from April 8. New rates: ₹853 (general), ₹553 (Ujjwala). First increase in 2025 impacts 90M poor households. Read more at Dynamite News
New excise duty: ₹13 (petrol), ₹10 (diesel) per litre from April 8. PSU oil firms to absorb cost; no change in retail price. Read more at Dynamite News
Petrol and diesel prices hiked by ₹2 per litre as central government raises excise duty.
The rupee recovered 9 paise to settle at 83.31 (provisional) against the US dollar on Thursday on the back of softening American currency as well as crude oil prices in the overseas market. Read further on Dynamite News:
India, a burgeoning player in the global energy arena, finds itself at a critical juncture in the intricate tapestry of the world’s oil dynamics. Read further on Dynamite News:
English
English
English
