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diesel exports: Diesel exports plunge 25% to $20 billion as global prices soften

India's diesel exports have decreased by 25% year-on-year in the first 11 months of the financial year to $20 billion due to softer international market prices. Despite this, the export volume rose marginally to 26 million metric tonnes from 25.8 million metric tonnes. Petrol exports also declined, fetching $10 billion, a 13% decrease compared to the previous year, although the export volume increased by 4% to 12.1 million metric tonnes.

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Petrol and diesel prices in Punjab and Haryana rise amid farmers' protest 2024

Petrol and Diesel prices in Punjab: The rates of petrol and diesel in Punjab witnessed a slight hike amids the farmers' protest at Punjab and Haryana's border points. In Punjab, the petrol prices are at Rs 98.29 while the diesel is also being sold at Rs 88.95 per liter.

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Fuel price cut: Union Budget will need to balance fuel price cuts with an eye on consumption

With the Budget approaching, there is speculation about a possible cut in excise duty on petrol and diesel. However, the stabilization of global oil prices makes further reductions in fuel taxes unlikely. Oil Marketing Companies (OMCs) have seen enhanced marketing margins due to the softening of crude prices, which could warrant a fuel price cut. The fiscal deficit and the impact on state tax collections are important considerations.

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crude oil prices: Crude oil prices falling but no control on looting of Modi govt: Mallikarjun Kharge

"Crude oil prices are falling, but there is no control on the looting of the Modi government. Modi ji's ministers themselves are saying that 'there has been no talk with oil companies about reducing prices'. Oil companies are earning Rs 8 to Rs 10 profit from the public on every litre of petrol and Rs 3 to Rs 4 profit on diesel," Mallikarjun Kharge said in his post.

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Truckers' Protest: Truckers' protest: Supply hit, Chandigarh administration orders fuel rationing | India News

India News: The Chandigarh administration on Tuesday ordered rationing of fuel to two- and four-wheelers because of restricted supply of petrol and diesel with tr

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Petrol And Diesel: Petrol & diesel prices decline in India, rise in neighbouring & western countries, ET Auto

While petrol and diesel prices in India have come down between November 2021 and November 2023, the prices of the two fuels went up in the neighbouring as well as advanced western countries, according to data released by the central government on Wednesday.

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IOC Q2 profit at Rs 12,967 crore; H1 numbers top best-ever annual earning

India Business News: Indian Oil Corporation (IOC) has reported a net profit of Rs 12,967.32 crore in the three months ending September 30, driven by higher refining and ma

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BPCL Q2 Results: Co returns to black after marketing margin boost

The profit was aided by a boost in marketing margins as a freeze on petrol and diesel price revision despite a fall in input crude oil prices helped recover losses incurred when rates were high last year.

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