Oil prices fell for a third straight day on Tuesday as rising stockpiles in the United States added to concerns about risks to demand as countries including Germany and France halt COVID-19 vaccinations. Brent crude was down 49 cents, or 0.7%, at $68.39 by 0433 GMT, having dropped 0.5% on Monday. U.S. crude was down […]
Day: March 16, 2021
Petrol, diesel prices unchanged even as global markets remain volatile
Fuel prices in the country have remained steady for over a fortnight now even though global oil market remains volatile with regular variations in prices. Accordingly, petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the capital here on Tuesday. Fuel prices have not been revised now […]
India’s petrol, diesel sales rise as economic activity picks up
Indian state fuel retailers’ diesel sales rose 7.4 per cent to 2.84 million tonnes in the first fortnight of March from a year earlier, preliminary industry data showed on Tuesday. Petrol sales rose 5.3 per cent to 1.05 million tonnes in the same period from a year earlier, the data showed. This is the first […]
Domestic natural gas prices likely to remain unchanged at $2 on April 1: ICICI Securities
Domestic natural gas will be priced at $2 per mmBtu, almost unaltered from the current price when the government revises rates on April 1, ICICI securities said in a report. The new expected price, based on net calorific value (NCV), is derived from international prices in the calendar year 2020. The current price, published by […]
ATF prices hiked by 8% over last month as global crude oil prices rise
Oil marketing companies (OMCs) on Tuesday hiked aviation turbine fuel (ATF) prices by about 8% over last month as global crude oil prices firmed on improved demand. ATF or Jet fuel prices have risen about 18% since 1 January. ATF prices, which are revised every 15 days, stood at Rs60,261.16 per kilolitre (kl) in New […]
Israel okays flights from all destinations ahead of March 23 elections
Starting Tuesday, flights to Israel will be allowed from all destinations, following a decision by the cabinet to enable nationals to arrive ahead of the March 23 general elections. However, the cabinet decided to keep a quota of no more than 3,000 arrivals per day, reports Xinhua news agency. Passengers will be required to carry […]
Consortium chief hopes to restart Jet Airways in 6 months
UAE-based entrepreneur Murari Lal Jalan of the Jalan-Kalrock consortium believes that the defunct Jet Airways can restart operations as early as six months. “I am expecting to fly Jet Airways in the next six months, which is dependent on NCLT (National Company Law Tribunal – India’s bankruptcy court) clearance,” Jalan told NDTV in an interview. […]
AAI will continue receiving revenue share after government sells stake in Delhi & Mumbai airports, says Puri
The Airports Authority of India (AAI) will continue to receive revenue share after the government sells its stake in Delhi and Mumbai airports, said Civil Aviation Minister Hardeep Singh Puri. He said that the Mumbai airport and the Delhi airport are on a 60-year lease. After the lease period, these two airports and the six […]
Diesel sales dip 15%, petrol unchanged in Mumbai
Mumbai: High fuel prices have now hit diesel sales, which have plummeted at least 15% at the pumps in Mumbai Metropolitan Region, according to Petrol Dealers’ Association. Association secretary Chetan Modi said, “There is a significant drop in the number of trucks, trailers, tempos, tourist buses, Ola and Uber cabs, and dumper trucks arriving at […]
NH-24 carriageway from Delhi to Ghaziabad reopened for traffic; commuters say ‘big relief’
NEW DELHI: The carriageway of NH-24 leading to Ghaziabad from Delhi, which was closed since January 26, was reopened for commuters on Monday, police said. The side of the road from Ghaziabad towards Delhi, however, remains closed, they said. In view of the prevailing law and order situation at the Ghazipur border and keeping in […]
Govt’s LPG plan for poor hits price wall in urban slums
NEW DELHI: Only half of the households in urban slums fully depend on LPG (liquefied natural gas supplied in cylinders) for cooking, while the rest continue to use traditional biomass fuels — either as a supplement or exclusive source of energy — due to issues of affordability, availability and taste preference. According to a CEEW […]
No proposal to bring petrol, diesel, ATF, gas under GST: Nirmala Sitharaman
NEW DELHI: Amid record-high fuel prices, finance minister Nirmala Sitharaman on Monday said there is no proposal as of now to bring crude oil, petrol, diesel, jet fuel (ATF) and natural gas under the Goods and Services Tax (GST). When the GST was introduced on July 1, 2017, amalgamating over a dozen central and state […]