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Source : indiatvnews.com

Fuel price today: Petrol prices hiked by 19 paise, diesel by 21 paise. Check revised rate


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Image Source : PTI
Fuel price today: Petrol prices hiked by 19 paise, diesel by 21 paise. Check revised rate 
Petrol and diesel prices in the country rose again sharply by 19 paise and 21 paise per litre respectively on Wednesday as Oil Marketing Companies (OMCs) continued to cover for their losses on holding back price rise for past 18 days due to state elections.
This is second increase in fuel prices in as many days as petrol and diesel prices rose by 15 paisa and 18 paisa per litre respectively even on Tuesday after a 18 days break. With Wednesday's increase, petrol is now being retailed at Rs 90.74 a litre and diesel Rs 81.12 a litre in the national Capital.

Source : indiatimes.com

Truck rentals surge 13% in 6 weeks on fuel, tyre costs


Truck rentals surge 13% in 6 weeks on fuel, tyre costs
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Truck rentals surge 13% in 6 weeks on fuel, tyre costs
Nandini Sen Gupta / TNN / Updated: Feb 20, 2021, 08:55 IST
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Representational photo.
CHENNAI: Rising fuel and tyre prices, coupled with an improvement in cargo availability, have resulted in a sharp increase in truck rentals in the last six weeks. According to S P Singh, senior fellow and coordinator at the Indian Foundation of Transport Research & Training (IFTRT), between January and February 16, truck rentals on trunk routes have gone up by 12-13%. Half of that hike came in the last fortnight itself.
Transporters say, apart from the fuel price increase, what has also pinched truckers is the rise in tyre prices. With tyre companies withdrawing discounts, buying a pair is now costlier by Rs 3,000-3,500 said Singh. Transporters are passing on both the fuel and the tyre cost to customers through higher rentals.

Source : guardian.ng

PDP cautions FG against fuel price increase

The Peoples Democratic Party (PDP) has cautioned the Federal Government against further increase in fuel price in the country.

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