By Report, The petrol price slashed by Rs 2.42 per litre while that of diesel price condensed by Rs 2.25. After August it is the 10th time when petrol price falls down and the Sixth time in case of diesel since its deregulation in October.
Fuel prices were last revised on January 16 when petrol and diesel prices were cut by the same margin in the wake of falling oil prices. In January, the government the government had also hiked excise duty on petrol and diesel by Rs 2 per litre. This was the fourth hike in excise duty since November and cumulatively excise duty on petrol was hiked by Rs 7.75 per litre and diesel by Rs 6.50 a litre.
The country's top fuel retailer Indian Oil Corporation said in a statement that as we saw the great downfall in International prices of both petrol and diesel have continued to be on a downtrend and the INR-USD exchange rate has appreciated.
It definitely made a very good impact on the retail selling price of both the petrol and the diesel
Global oil major BP, which partners Reliance Industries in India, said it will cut capital expenditure, which analysts say that this will play a very big role in balancing and maintaining the oversupplied oil market in the future.
BP chief executive Bob Dudley, tempered expectations of lower production, however, he said on Tuesday that he expected US oil output to rise until the summer of 2015 when it would flatten, according to a Reuters report. Oil cartel OPEC has refused to cut production despite the steep fall in oil since June.
RBI Press Conference: RBI cuts reverse repo rate by 0.25 percent, GDP growth estimated to be 1.9 percent
New Delhi, Business Desk. RBI Governor Shaktikanta Das held a press conference on Friday to deal with the severe economic crisis that has arisen on the economy from Corona. During this he made many
Military Chopper Crashed: Army chopper crashes in Arunachal, there is no road to reach the spot
A major accident happened in Arunachal Pradesh on Friday morning. An army helicopter crashed near a Singing village in Siang district, 25 km from the Tuting headquarters here. According to the
UP: public can get corona vaccine for free, CM Yogi can announce
Yogi government can give free corona vaccine gift to the people of UP on 22 February. The UP government can make some different provisions for this in the budget. Consultation was also done on this,
IND vs ENG: Ashwin will create history in Dharamshala, will play 100th test match, will join the club of Sachin-Virat
Ravichandran Ashwin is ready to create history in the last match of the India vs England series. On March 7, the veteran spinner will play the 100th Test match of his career in Dharamshala. With this,
For the RCB vs LSG match, Sanjay Manjrekar chose his fantasy XI, and made Glenn Maxwell the captain, was Virat Kohli given place?
The Eliminator match of IPL 2022 is going to be played between Royal Challengers Bangalore (RCB) and Lucknow Super Giants (LSG) today. Former India cricketer Sanjay Manjrekar has chosen his Fantasy XI
Crops suffer Rain Damage in Uttar Pradesh
Agra, Fe Mar 3 (IANS) For the farmers in the five districts of Agra division, it's been raining disaster the last few days, flattening the standing wheat and mustard crop and rotting potatoes that
Varun Dhawan-Janhvi Kapoor's film 'Bawal' became a hit on Prime Video, and the actor thanked the audience by sharing the video
Varun Dhawan and Janhvi Kapoor's film Baawal, released on Amazon Prime Video, has created a ruckus in the OTT space. The film is being liked a lot, due to which Bawal has made a record viewership.
Gautam Gambhir: 'Hamara Apna Hai...', Shahrukh Khan gets emotional when Gautam Gambhir returns to Kolkata Knight Riders
Former Indian opener Gautam Gambhir has returned to Kolkata Knight Riders. Kolkata made a big announcement before the auction to be held before the upcoming season of IPL. He said that former captain
Maharashtra Coronavirus Lockdown: Maharashtra Government's big decision - Now students of 9th and 11th will also be promoted to the next class, the possibility of board exams going offline.
Mumbai
Joshimath Sinking: If Chet had been alert 47 years ago, the devastation would not have happened, the Mishra Committee warned about the dangers, explained the reason
Had the system been alerted 47 years in advance about the landslide happening in Joshimath town of Chamoli district bordering China, this situation would not have come today.