Smoke ‘em out
Worldwide, there is an increasing trend to ban vehicles using fossil fuels, but that is not confined to diesel vehicles alone.
Worldwide, there is an increasing trend to ban vehicles using fossil fuels, but that is not confined to diesel vehicles alone.
As a result, under the daily price adjustment procedure used by oil marketing corporations, gasoline and diesel prices remained unchanged for the 11th consecutive day.
"This corrupt Congress government and it's CM who is only interested in loot and scoot lathi-charged peaceful Akali workers raising voice of farmers demanding compensation of Rs 50,000/acre for cotton growers and reduction in State VAT on petrol and diesel by Rs 10/Ltr in front of CM residence."
Petrol price is now over Rs 100 a litre almost all across the country. Diesel is also catching up and may soon be available over Rs 100 a litre across the country soon.
In the city of Mumbai, where petrol prices crossed Rs 100 mark for the first time ever on Saturday, the fuel price remains at new high of Rs 100.72 per litre. Diesel price also continues to be at Rs 92.69 a litre, the highest among metros.
Petrol prices in some states have breached the Rs 100 per litre mark while premium petrol has been hovering above that level for some time now.
The OMCs went on price cut for the first time this year on two consecutive days - March 24 and 25 after keeping oil prices steady for past 24 days.
OMCs benchmark retail fuel prices to a 15-day rolling average of global refined products' prices and dollar exchange rate.
OMCs benchmark retail fuel prices to a 15-day rolling average of global refined products' prices and dollar exchange rate.
With global crude prices at around $ 66 a barrel mark, OMCs may have to revise fuel prices upwards again if there is any further firming up.
