The remarks came after the comments from India's Oil Secretary, Pankaj Jain, suggesting a price drop last month and media reports indicating that Maharashtra's state elections are expected in early November.
Union Minister of Road Transport and Highways Nitin Gadkari on Monday clarified that he is not against providing incentives for any particular fuel technology.
To combat the rising levels of air pollution, Union Transport Minister Nitin Gadkari today suggested a 10% GST increase on…
With the hike in price, the state government aims to generate Rs 600 crore per annum as revenue, said officials.
The Central government has slashed windfall tax on crude oil production to zero from Rs 3,500 rupees per tonne, which became effective from today, according to an official notification.
With fuel prices remaining unchanged on Wednesday, petrol continues to cost Rs 97.50 per litre and diesel Rs 88.23 per litre in Delhi.
Before Saturday's price hold, fuel prices increased on Monday, Wednesday and Friday this week. Petrol and diesel prices also increased on four days last week.
In Mumbai, fuel price reached a new high of Rs 103.08 per litre on Friday. Diesel price also increased in the city by 30 paisa per litre to reach Rs 95.14 a litre, the highest among metros.
The oil companies on Monday hiked the prices of petrol and diesel by 29 and 30 paise per litre, respectively.
With global crude prices at around $ 69 a barrel mark, OMCs may have revise fuel prices upwards again if there is any further firming up.
