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.
At G20 Summit, PM Modi called for a global initiative to take ethanol blending in petrol to 20%. But for this, India will need twice the amount of ethanol it produces currently.
The strike is an extension of the weeks-long industrial action that has disrupted France's major refineries and put petrol stations' supply in disarray.
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.
Armani built a multibillion-dollar global brand from something as simple as an unstructured jacket, and broke down the walls between formal and casual.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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