Page 43 - Pump Prices News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NEW DELHI: The OPEC+ grouping of major oil-producing countries on Thursday extended the current production cuts to April, a move that is likely to send fuel prices hurtling towards new records, with petrol hitting Rs 100 per litre-mark in large parts of the country, unless taxes are reduced. The decision dashed the government’s hope of higher production from next month, which would have eased upward pressure on pump prices and the need to cut taxes. Hours before Thursday’s meeting of OPEC+ ministers, oil minister Dharmendra Pradhan had called upon OPEC to “fulfil its promise of price ...

India Business News: The Centre may be facing “dharm sankat (dilemma)” over record fuel prices. But four states have taken the lead with tax cuts to offer consumers relief

So far, the Centre has refused to cut excise duty it had cumulatively raised by Rs 13 a litre on petrol and Rs 16 on diesel between March and May 2020 when Indias crude purchase cost fell to $19.9/barrel as the pandemic shut down economies.

India Business News: The Centre may be facing “dharm sankat (dilemma)” over record fuel prices. But four states have taken the lead with tax cuts to offer consumers relief

Nbc's tom costello has been looking into that. tom, have we seen any impact yet? >> reporter: lester, good evening. pump prices today are stable, but most analysts do predict we will see gas prices jump like 10 to 25 cents a gallon over the coming weeks as saudi arabia tries to recover from the attacks. the national average right now $2.55 a gallon it will be a lot more out on the west coast, less down south. here is good news, we are now paying on average 30 cents less per gallon than a year ago. in addition, the united states now produces more oil than saudi arabia that makes us far less dep...