Wednesday, January 27, 2021
Indian Drives
No Result
View All Result
No Result
View All Result
Indian Drives
No Result
View All Result
Home Latest News

Diesel prices to remain the same as of now

by indiandrives
in Latest News
0 0
0
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

The title should may be add two to three years more to some of the individuals lives. The reason been that prime minister’s Economic Advisory Committee (PMEAC), due to the high inflation rate going on, says that it would be deferred until next year. However chances are that once the inflation rate goes down to approximately 6%, then the price of the diesel fuel may be increased. The projected rate of slowing down of the inflation is by March 2011.

In December 2010, the Finance Minister Pranab Mukherjee and his panel had considered raising the prices of diesel by about Rs 2 per liter however due to some restrictions, they had to defer it. Estimates are that the state oil firms which sell diesel, the most used fuel, sells them at a loss of Rs 7.99 per liter. To cut down on those losses, these companies have been pushing for a hike in the retail prices of diesel. About Rs 130 crore is lost per day by the top companies like Hindustan Petroleum, Indian Oil Corporation and also Bharat Petroleum. This is due to the fact that the oil import cost is more than the rate at which it is sold in India.

Since the time crude oil has touched US$ 92 per barrel, an all time high, the losses have all just increased. The last time diesel prices were revised, the price of diesel was around US$ 73 per barrel. This was in June 2010. In the same month, the Indian government had said that prices of diesel would be in due course, be market determined. Petrol was supposed to be a free reign and not a government controlled thing however the rising inflation rates have splattered water over all those plans. It was reported that a loss of Rs 1.25-1.75 was been incurred even on the sales of petrol.

Tags: diesel price changesdiesel prices
Previous Post

Volkswagen's management changes

Next Post

Singur calling Tata Motors again

Next Post

Singur calling Tata Motors again

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Archives

Recent Posts

  • Latest News From Indian Automobile Industry – Honda, Mercedes, Royal Enfield, Kawasaki, Aston Martin
  • Best Selling Compact SUVs In The Month Of December 2020 In India
  • Aston Martin DBX SUV Launched In India: Prices Start At Rs 3.82 Crore
  • Kawasaki Bikes Offers & New-Year Discounts For January 2021: Benefits Of Rs 50,000 On Select Models
  • Royal Enfield Motorcycles Price Increase Announced In India

Categories

Indiandrives.com

© 2020 Indian Drives

Navigate Site

  • Auto Expo 2020
  • Aston Martin
  • Audi
  • Bentley
  • BMW
  • Buyers Guide
  • Car Comparison
  • Chevrolet
  • Driving Tips
  • Events
  • Featured
  • Ferrari
  • Fiat
  • Force
  • Ford
  • Great Wall Motors
  • Harley Davidson
  • Honda
  • Hyundai
  • Isuzu
  • Jaguar
  • Kia
  • Koenigsegg
  • KTM
  • Lamborghini
  • Latest Cars
  • Latest News
  • Lexus
  • Mahindra
  • Maruti Suzuki
  • Maserati
  • Mercedes Benz
  • MG Motor
  • Mitsubishi
  • New Car Reviews
  • Nissan
  • Peugeot
  • Porsche
  • Range Rover
  • Renault
  • Rolls Royce
  • Skoda
  • Tata
  • Test Drive
  • Auto Expo 2020
  • Toyota
  • Kia
  • Upcoming Cars
  • MG Motor
  • Used Car Reviews
  • KTM
  • Volkswagen
  • Isuzu
  • Volvo
  • Harley Davidson
  • MG
  • Great Wall Motors

Follow Us

No Result
View All Result

© 2020 Indian Drives

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In