Reports also look at the dwindling demand for diesel consumption in India, and how ‘overtourism’ and climate change are impacting India’s hill stations.
Oil marketing companies earned profits by not reducing fuel prices despite falling crude oil prices earlier. Analysts say they should have kept profits as buffer, with oil prices on rise again.
The company's India unit MD Santosh Iyer said the govt's proposal for an additional 10% tax on diesel vehicles could speed up electrification since consumers may move to EVs or petrol.
Sales in October by three biggest fuel retailers were 1.3% higher than the same month in 2019. Sales of most other key fuels were also above pre-pandemic levels
Since the ending of the three-week-long hiatus in rate revision last month, this is the 14th increase in petrol price and the 17th time that diesel rates have gone up.
When diesel was Rs 20-25/litre cheaper than petrol in 2012-13, cars running on it accounted for 58% of the market. Now, people buy less polluting options, and experts welcome it.
As we head toward 'Azaadi Ka Amrit Kaal', let us remember the sacrifices of our freedom fighters and keep the growth engine turbocharged and bring energy and prosperity to all.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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