Fuel price increase

Petrol and diesel prices were hiked by 80 paise a litre each on Saturday, the fourth increase in five days as oil firms passed on to consumers the spike in ...

These increase increases are the steepest single-day rise since the daily price revision was started in June 2017. CRISIL Research said a Rs 9-12 per litre increase in retail price will be required for a full pass-through of an average $100 per barrel crude oil and Rs 15-20 a litre hike if the average crude oil price rises to $110-120. Petrol and diesel prices were hiked by 80 paise a litre each on Saturday, the fourth increase in five days as oil firms passed on to consumers the spike in cost of raw material.

The South African Petroleum Industry Association (SAPIA) has warned that if the ongoing rapid petrol price increases continue, this will have a huge ...

Now on a fixed margin-and you now allow a new method of payment that eats upon the very small margin. SAPIA Executive Director Fani Tshifularo says there is a need to look at how the current method used in determining petrol price increase can be revised. “A transaction on a credit card tracts a 1.75% on the transaction fee.

South Africans have been dreading the expected fuel price increase in April. However, lower oil prices and a stronger rand means that the previously ...

CLICK HERE for more Read the full story here. The record-high fuel price increases will still negatively affect South Africa’s economy, according to Nedbank economists. It explained that developing countries around the world are being hit a bit harder by the growing costs. The rand’s exchange rate is quite firm in its position. Brent crude oil’s one-month future closed the week around 4% lower, according to BER’s research note.

Petrol in Delhi will now cost Rs 97.81 per litre as against Rs 97.01 previously while diesel rates have gone up from Rs 88.27 per litre to Rs 89.07, a..

With three increases beginning March 22, petrol and diesel prices have gone up by Rs 2.40 a litre. said a Rs 9-12 per litre increase in retail price will be required for a full pass-through of an average USD 100 per barrel crude oil and Rs 15-20 a litre hike if the average crude oil price rises to USD 110-120. Oil companies are now recouping the losses.

India Business News: Petrol and diesel prices were hiked by 80 paise a litre each on Friday, the third increase in four days. Price of petrol & diesel in ...

prices were hiked by 80 paise a litre each on Friday, the third increase in four days. In Mumbai, the petrol & diesel prices per litre at Rs 112.51 & Rs 96.70 (increased by 84 paise & 85 paise respectively). In Chennai, the price of petrol is Rs 103.67 & diesel is Rs 93.71 (increased by 76 paise) and in Kolkata, the price of petrol is Rs 106.34 (increased by 84 paise) and diesel is 91.42 (increased by 80 paise). Price of petrol & diesel in Delhi at Rs 97.81 per litre & Rs 89.07 per litre respectively today, they have been increased by 80 paise, according to a price notification of state fuel retailers.

Petrol and diesel prices: Moody's Investors Services said that state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation and Hindustan ...

"They are troubling the people by increasing the prices like this. The petrol and diesel prices witnessed another 80-paise hike per litre on Friday, third increase in four days. If they (Centre) want to increase the price, then increase it in one go. Be it ₹10, 15 and 20," ANI quoted the Congress leader as saying. On Thursday, Moody's Investors Services said that state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation and Hindustan Petroleum Corporation (HPCL) together lost around ₹19,000 crore in revenue for keeping the prices on hold. - Petrol and diesel prices: Moody's Investors Services said that state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation and Hindustan Petroleum Corporation (HPCL) together lost around ₹19,000 crore in revenue for keeping the prices on hold.