Fuel Prices

Petrol and diesel prices on Saturday remained stable for the third straight day. Fuel prices in India saw an increase for the fourteenth time on Wednesday since March 22.

Petrol, diesel prices have been hiked by 80 paise a litre each for the second day in a row. The daily price hike may continue for long.

The global economic fallout of the war in Ukraine is expected to negatively impact India's economy.

Union P&NG Minister Hardeep Singh Puri claimed that fuel prices in India are better as compared to many other countries including USA, Canada, Germany, UK, France, Spain and Sri Lanka.

People in Karnataka are the biggest beneficiaries. Diesel prices in Karnataka have gone down by Rs 19.49 per litre.

Odisha CM Naveen Patnaik has announced the reduction of VAT on petrol and diesel by Rs 3 per litre with effect from midnight of 5th November.

The ruling BJD will be under tremendous pressure now to reduce the VAT ahead of the upcoming panchayat polls in early 2022.

The jolt suffered by BJP in many States in the assembly by-elections, served as a wake up call, forcing it to reduce the excise duty on fuel.

Fuel Prices have witnessed steep rise yet again. The prices of petrol and diesel rose by 35 paise per litre each. The fuel prices hit an all-time high.

There has been a huge uproar over the rising petrol and diesel prices along with high LPG cost that has added to woes of consumers during the Corona Pandemic.