Union Finance Minister Arun Jaitley on Thursday briefed the media over looming concerns of relentlessly tumbling rupee and the unabated rise in fuel prices. The minister stated that after intermagisterial discussions and meeting with the revenue department officials, it has been decided that the excise duty will be cut by Rs 1.

Centre has decided to cut fuel prices by Rs 2.50 with immediate effect: Jaitley

Fuel prices in the country continued to rise on Monday with the price of petrol escalating to Rs 91.08 per litre in Mumbai and Rs 83.73 per litre in Delhi. While the prices of petrol rose by Rs 0.

Fuel prices continue to rise on Monday, Petrol breaches Rs 91-mark in Mumbai

Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Sunday reiterated that the spike in the price of petrol and diesel in the country was because of the depreciation in the value of the Indian Rupee against the US dollar.

Fuel price hike a result of weakening rupee:  Dharmendra Pradhan

Executive director at Indian Oil Corp, Partha Ghosh, on Tuesday stated that crude oil demand in India is expected to grow to 500 million tonnes per year by 2040.

India's crude oil demand to hit 500 million tonnes by 2040: Report

Petrol prices in Delhi saw an unabated rise on Saturday amounting to Rs 82.44 per litre, an increase of 12 paise from Friday. However, diesel prices in the national capital remained unchanged at Rs 73.

Petrol rates continue to rise, inches closer to Rs 90-mark in Mumbai

Petrol prices in the national capital on Friday rose by 10 paise amounting to Rs.82.32 per litre while diesel remained unchanged at Rs.73.87 per litre. For Mumbai, petrol prices registered a hike of 0.

Petrol prices rise again at Rs 82.32 in Delhi, diesel remains unchanged 

The trade sources declined to be identified as they are unauthorised to speak to the media

Asia fuel oil margins to be supported through mid-year on strong demand

Prices vary from state to state depending on local sales tax or VAT. Delhi has the cheapest price among all metros and most state capitals

One paisa fuel cut is meaningless: Veerappa Moily

News reports quoting unnamed sources said Tuesday that Petroleum Minister Dharmendra Pradhan may meet with oil companies today. He had on Sunday said the Centre was 'sensitive' about 'rising fuel prices'

Petrol, diesel prices hiked for 9th time in 9 days

Petrol price in Delhi was hiked to Rs 74.80 per litre from Rs 74.63 while diesel rates were increased to Rs 66.14 a litre from Rs 65.93, according to a price notification issued by state-owned oil marketing companies.

Karnataka elections done, fuel prices hiked

The Congress President alleged the BJP-led government wanted to take money from the common man to give it to its 'rich friends'. Rahul was campaigning in Karnataka, which goes to the polls on May 12

Watch: Rahul rides cycle in Karnataka to protest fuel prices, gives speech from bullock cart

After Indian court ordered an oil tanker loaded with fuel for Mauritius to stay in port until all outstanding has been settled, Mauritius buys fuel from Saudi Arabia

Mauritius turns to Saudi fuel cargoes after court bans Indian supplies

India had in 2015 decided to leapfrog to Euro-VI emission norm compliant petrol and diesel from April 2020, from the Euro-IV grade at present

Ready to supply Euro-VI fuel to Delhi from April, says IOC

East Asian powers are trying to tap methane hydrate as a potential source of energy. Is India even in the conversation?

China, Japan way ahead of India in new gas race

The economic crisis, widespread job loss and the soaring costs of energy have all conspired to put millions in Spain into energy poverty

Light, water, heat a luxury in Spain

The weak profits for the airline have come in despite the lower oil price, which resulted in a fuel cost boon of 597 million Euros

Lufthansa says terror attacks impacting business

Solar Impulse 2 will cap a remarkable 42,000-kilometre journey without a drop of fuel when it touches down in Abu Dhabi

Solar plane nears end of historic round-the-world trip

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