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BusinessToday.In
May 22, 2018
A consumer in India spends as much as 35 per cent more on petrol than consumers in Pakistan.


www.businesstoday.in
May 22, 2018



BusinessToday.In
May 22, 2018
With rising petrol and diesel prices, there is a risk of the monetary policy turning hawkish, which would, in turn, have a bearing on growth of private investments.


www.businesstoday.in
May 22, 2018



www.businesstoday.in
May 21, 2018



www.businesstoday.in
New Delhi, May 21, 2018
Oil marketing companies have been raising the prices of petrol and diesel with a vengeance ever since the Karnataka elections got over. The prices were raised for the 8th day in a row since May 14 when the elections got over. The government had issued verbal instructions to the oil marketing companies not to raise prices in the run up to the Karnataka elections. BusinessToday.In Editor Rajeev Dubey talks about three possible solutions to contain the rising fuel prices.


www.businesstoday.in
May 21, 2018



Rajeev Dubey
New Delhi, May 21, 2018
India's crude basket which was at $52.49 in April 2017 is now well over $72. If crude gets to $100, India's price could be $93 for the full year, according to a report released by the SBI. That's nearly double of 2016-17.


BusinessToday.In
May 22, 2018
Interestingly, while the retail prices have gone up, the price at which the fuel is sold to petrol pump dealers has come down drastically since 2013.


www.businesstoday.in
May 21, 2018



Anilesh S Mahajan
New Delhi, May 21, 2018
According to the finance ministry's revenue collection projection, the government expects to mop up more than Rs 2.579 lakh crore by levying taxes on the petroleum products by the end of this fiscal.


BusinessToday.In
New Delhi, May 21, 2018
The last time the centre reduced the excise duty on fuel was in October 2017. Though Finance Minister Arun Jaitley had said earlier that the centre favours bringing petroleum products under the GST umbrella, a short-term intervention is unlikely as it may disturb the fiscal deficit situation.


www.businesstoday.in
May 21, 2018



BusinessToday.In
New Delhi, May 21, 2018
The behaviour of the exchange rate in May 2018 has been eerily similar to that in May 2013, the month that marked the onset of the 'taper tantrum' - when hints from the U.S. Federal Reserve that it was planning to taper its bond-buying programme saw the rupee slide by over 20 per cent against the dollar in three months till August.


Sumant Banerji
May 21, 2018
Petrol price has hit a record high of Rs 76.57 per litre in Delhi, beating the previous all time high of Rs 76.06 of September 2013 after oil marketing companies raised prices by 33 paise on Monday.


BusinessToday.In
New Delhi, May 20, 2018
Petrol and diesel prices reached their respective all-time highs after state-owned oil companies passed on the four weeks of non-stop increase in international oil prices to consumers.


www.businesstoday.in
May 20, 2018



PTI
May 20, 2018
Petrol price on Sunday touched a record high of Rs 76.24 per litre and diesel climbed to its highest ever level of Rs 67.57 as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers.


www.businesstoday.in
May 20, 2018



www.businesstoday.in
May 18, 2018



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