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The government is likely reduce the petrol and diesel prices ahead of the Lok Sabha polls as crude oil prices have also come down in the international market which will enable the oil marketing companies to bear the burden.

Government likely to cut petrol, diesel prices ahead of LS polls

According to sources, the Petroleum Ministry has prepared a proposal incorporating the cuts ranging from Rs 8 to Rs 10 per litre in both fuels for the Prime Minister’s approval that could come on Thursday.

Exclusive: PM to announce massive cuts in petrol, diesel prices before year-end

&nbsp;The updated versions of both Harrier and Safari have received top safety ratings from the vehicle safety group Global NCAP.

Tata Motors developing new petrol engine to power premium SUV range

The price of petrol would drop by 40 Pakistani rupees ($0.144) to 283.38 rupees a litre effective October 16.

Pakistan cuts petrol and diesel prices

The development assumes significance as it comes in the backdrop of the government's recent decision to hike the ethanol price twice to keep up with the momentum of meeting the 12 per cent blending target of ethanol with petrol for the 2022-23 ethanol supply year, ending November.&nbsp;

Ethanol maker BCL Industries to increase distillery capacity to 850 KLPD to meet increasing demand

Oil marketing companies have been performing well for the last two quarters, reporting profits in their&nbsp;petrol and diesel segments. Zee Business sources told that OMCs want to pass that profit on to customers.

After slashing LPG cylinder prices, is government mulling the same for petrol and diesel? 

The Centre had earlier raised the windfall tax on petroleum crude to Rs 7,100 per tonne from Rs 4,250 per tonne.

Windfall tax reduced on domestically-produced crude oil; levy increased on diesel, jet fuel

Ethanol, which is being produced from rice and maize, reduces carbon emissions and helps in removing the carbon equivalent of 12 million cars from the road each year.

Ethanol fuel blending on course to meet govt's target of 12%; distilleries hope to keep up momentum after another rate hike

State-run oil marketing companies such as Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp review the retail prices on a daily basis, and enforce any revisions at 6 am to align them with the rates of international crude oil and foreign exchange.

No proposal to bring uniformity in petrol, diesel prices in country: Government

Notably, state-run Food Corporation of India (FCI) had last month stopped the supply of rice from its depots to ethanol makers.

Ethanol price hike: Govt exploring solutions to address problem of grain supplies for ethanol making

The public sector oil marketing companies (OMCs) including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) change the prices daily in line with international benchmark prices and forex rates.

Petrol and Diesel Prices July 26: Check petrol prices in Delhi, Noida, Mumbai, and other cities

Petrol and Diesel Prices July 24:&nbsp;The public sector oil marketing companies (OMCs) including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) change the prices daily in line with international benchmark prices and forex rates.

Petrol and Diesel Price July 24: Check rates in Delhi, Mumbai, other cities

Petrol and Diesel Prices July 20:&nbsp;The last country-wide change in fuel rates was on 21 May last year, when Finance Minister Nirmala Sitharaman slashed excise duty on petrol by Rs 8 per litre and Rs 6 per litre on diesel.

Petrol and Diesel Prices July 20: Check petrol prices in Delhi, Noida, Mumbai, and other cities

Petrol and Diesel Prices July 18:&nbsp;In Mumbai, petrol is available at Rs 106.31 and diesel at Rs 94.27 per litre.

Petrol and Diesel Prices June 18: Check petrol prices in Delhi, Noida, Mumbai, and other cities

Petrol sales dropped 10.5 per cent to 1.25 million tonnes during the first half of July 2023, when compared with the same period last year.

Petrol, diesel sales fall as monsoon ebbs demand 

The public sector oil marketing companies (OMCs) including Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) change the prices daily in line with international benchmark prices and forex rates.&nbsp;

Petrol and diesel prices on July 17: Check latest rates in your city

Refinery is going to increase its capacity which would reduce the country's import in terms of energy consumption, thereby saving foreign exchange, the statement said.

Petroleum and petrochemical sector playing pivotal role in India's economic progress: Union minister

Crude Oil: The government is constantly making efforts to get rid of the common people from the high prices of petrol and diesel. The prices of petrol and diesel have not changed since last 1 year and there is no possibility of petrol and diesel getting cheaper in future also.

Aapki Khabar Aapka Fayda: Why is the benefit of cheap crude oil not reaching the consumer?

Petrol and Diesel Price Today:&nbsp;Changes in petrol and diesel costs are implemented at 6 am every day.

Petrol and Diesel Prices July 12: Check petrol prices in Delhi, Noida, Mumbai, and other cities

Petrol and Diesel Prices Today:&nbsp;There has been no change in the price of petrol and diesel in&nbsp;New Delhi.

Petrol and Diesel Prices July 11: Check price of petrol in Delhi, Noida, Mumbai, and other cities 

petrol

India is currently blending ethanol at around 20 per cent in petrol in 2025, achieving this target five years ahead of the original 2030 goal. 

 India eyes more than 20% ethanol in petrol: Govt official

The Petroleum and Natural Gas Ministry has responded to a barrage of questions concerning the ethanol-blended petrol. The clarification comes at a time when the Centre has advocated the use of the ethanol-blended E20 petrol as a high-octane, cleaner-burning and partially renewable alternative to conventional auto fuel such as petrol. 

'Better Pickup, Mileage, Lower Emissions': Centre answers tough questions on ethanol-blended E20, E10 fuels 

The government has directed the Bureau of Indian Standards (BIS) to formulate standards for "E-27" or 27 per cent ethanol blending, according to sources. The government's ethanol push has transformed sugar mills into more diversified, financially secure, and operationally efficient enterprises.
 

Ethanol blending in petrol to be raised to 27% as India meets target 6 years in advance: Sources

The oil marketing company's revenue from operations for the January-March quarter is Rs 217,725 crores, down 1 per cent compared to Rs 219,876 crores in the corresponding quarter of the previous financial year.
 

Indian Oil Q4 Results: Profit jumps 50% to Rs 7,625 crore; Rs 3/share dividend announced 

Stock jumps 50% from January lows; Motilal Oswal maintains ‘Buy’ with Rs 260 target. 
 

Castrol India surges 10%, hits 5-month high on strong volumes

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Petrol

Government likely to cut petrol, diesel prices ahead of LS polls

Exclusive: PM to announce massive cuts in petrol, diesel prices before year-end

Tata Motors developing new petrol engine to power premium SUV range

Pakistan cuts petrol and diesel prices

Ethanol maker BCL Industries to increase distillery capacity to 850 KLPD to meet increasing demand

After slashing LPG cylinder prices, is government mulling the same for petrol and diesel?

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India positions Delhi AI Summit as a major global tech diplomacy moment

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Earthquake Today: Quake of magnitude 4.1 strikes Nepal