Private players such as Reliance Industries and Essar — owned by Russia’s Rosneft — have tripled the number of petrol and diesel outlets in India in the last two years, and could double their market share by implementing their ongoing expansion plans, India Ratings said. From practically nothing in 2014, private players including Shell and […]
Oil minister Dharmendra Pradhan today said that the current spike in petrol and diesel price is ‘temporary’ and related to the impact of Hurricane Harvey in the US. “The prices have gone up because some of the refining capacity has been shut down (in the US). It is temporary,” Pradhan said today, in response to […]
The government’s ‘free LPG connection’ scheme, Ujjwala, has seen 60% higher demand than expected, and the objectives of the three-year scheme will be met within two years at the current pace of rollout.As of the end of February, the total number of beneficiaries under the scheme rose to 2 cr (20 mln) from 15 mln […]
Deregulation of, or removing price controls from, diesel sales in India is imminent, said Edelweiss Securities in a report after meeting dealers. “We expect benign global oil prices to persist, paving way for de-regulation during Q4CY14,” analyst Jal Irani said in a report on Thursday. “We met the President of Petrol Dealers’ Association, Mumbai, and […]
A new report from Crisil Research has reopened the perennial problem pestering Indian car buyers – should you buy a diesel car or a petrol car? Which would be cheaper to run and own in the long run? While the answer was unambiguous for the last four years, Crisil Research says the recent cuts in […]
Indian Oil Corporation Ltd. has decided to increase the retail selling price of Diesel by Rs.0.50/litre (excluding state levies) with effect from midnight of 31st May/1st Jun’14. In effect, it implies a rise of 65 to 75 paise per liter. “The above increase is pursuant to GOI order dated 17th Jan’13, whereby OMCs have been […]
