No adjustments have been made to petrol and diesel prices since May 2022. Earlier, oil companies faced losses of Rs.17 per litre on petrol and Rs. 35 on diesel.
The cabinet committee, chaired by Prime minister Narendra Modi, on Wednesday approved a hike in the price of ethanol procured by the public sector oil marketing companies (OMCs) from distilleries under the Ethanol Blended Petrol (EBP) programme.
NEW DELHI: The rising price of fuel has undoubtedly affected the life of the common people. With India having one of the highest tax rates for fuel, there has been a constant call for the reduction of taxes. Prominent states like Karnataka and Gujarat were among the first to reduce the rates in November […]