Exports of gasoline and diesel by major refiners in South Korea hit a record high last year, with over 50 percent of all imported crude oil shipped overseas after being refined here, data showed on Sunday.
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.
With no change in the prices, the pump price of petrol in Delhi stood at Rs 107.59 a litre, while diesel rates also remained at Sunday's level of Rs 96.32 a litre, according to a price notification of state-owned fuel retailers.
Petrol and diesel prices witnessed a hike for the fifth consecutive day across the country on Sunday.
The daily review and revision of prices is based on the average price of benchmark fuel in the international market in the preceding 15-days, and foreign exchange rates.
After rising over three year high level of $80 a barrel earlier this week, global benchmark came down to $78 a barrel and now is again up to $81 a barrel while OPEC+ deciding to stick to its marginal production easing plan and market remaining tight.
In Mumbai, the petrol price is stable at Rs 107.26 per litre, while the diesel rate also remain unchanged at Rs 96.19 a litre.
