Oil marketing companies executed multiple rounds of price increases over a two-week period pushing retail fuel to record highs.
Tag: Fuel
India USD Exchange Rate at Rs 95.30 Per Dollar Adding to Fuel and Import Cost Pressure
The weaker rupee continues to raise the cost of crude oil imports making domestic fuel cuts less likely.
PM Modi’s Fuel Conservation Appeal Focuses on Import Dependence Not Fiscal Tightening Says Government
The government clarified the PM’s appeal for prudent fuel use was about national energy security not spending cuts.
India Government Keeps Fuel Retail Prices Stable While Cutting Taxes on Oil Companies
Despite soaring global crude prices the Indian government has not raised pump prices instead cutting taxes to shield oil companies and consumers from the full energy shock.