India's demand for petroleum products is likely to increase by a mid-single-digit percentage in the financial year ending March 2024, following a 10 per cent post-pandemic recovery in 2022-23, according to Fitch Ratings.
According to Fitch Ratings, this follows a robust 5 per cent year-on-year increase in the first nine months of FY24 and a noteworthy 10 per cent post-pandemic recovery witnessed in FY23.
Tamil Nadu Chief Minister MK Stalin said on Thursday that ahead of the Lok Sabha elections, people were expecting a price reduction of petrol and diesel in the interim budget presented by Finance Minister Nirmala Sitharaman but were "fooled."
The new price of petrol is now PKR 272.89 per litre from the previous price of PKR 259.34, according to a notification from the Finance Division. The price of high-speed diesel (HSD) was increased by PKR 2.75 to PKR 278.96 per litre.
"We have written to the Heavy Industry Ministry (saying) that fully electric vehicles attract five per cent duty. About 43 per cent duty is levied on petrol and diesel vehicles including cess. What we are saying is that hybrid cars should not be subject to the same duty as petrol and diesel,
In a post on X, the Congress chief claimed that oil companies in the country are earning Rs 8 to Rs 10 profit from the public on every litre of petrol and Rs 3 to Rs 4 profit on diesel.
The District Magistrate of Jammu, Sachin Kumar Vaishya on Tuesday urged the public not to panic and rush to the petrol pumps saying that there are enough stocks of petroleum products in the district.
While two-wheelers are limited to a maximum of two litres (maximum value of Rs 200), four-wheelers are limited to 5 litres (maximum value of Rs 500) of fuel per transaction, a press release from the Department of Public Relations, Chandigarh Administration read.
Acting on the directions of Punjab Chief Minister Bhagwant Mann, a high-level meeting involving senior state and district officials was convened on Tuesday to monitor the distribution of petrol and diesel in the state.
In an initiative to achieve the goal of 'Green and Clean Himachal', Chief Minister Sukhvinder Singh Sukhu has directed all government departments not to buy diesel or petrol vehicles from January 1, 2024.
The Commission for Air Quality Management (CAQM), a statutory body on Friday issued orders to impose a ban on non-essential construction work and the operation of BS-III petrol and BS-IV diesel four-wheelers in Delhi-NCR due to the deteriorating air quality in the region.
In a civil suit filed in Los Angeles Superior Court, Diesel's former assistant, Asta Jonasson, alleged he forced himself on her in a hotel suite in Atlanta in 2010.