Provisional fuel sales in June climbed within 88% of 2019 levels from less than half in April in the midst of the world’s biggest lockdown, oil ministry said.
Fuel consumption probably declined at least 80% in April, which would lead to a revenue loss of as much as Rs 400 billion, said economist Madan Sabnavis.
The global oil slump has given Modi govt the cushion to hike fuel taxes to meet revenue shortfalls. But retail fuel prices still hover around pre-Covid-19 levels.
In episode 416 of #CutTheClutter, Shekhar Gupta explains the reasons behind the excise hike in petrol and diesel, and delves into the recent political crisis in Israel.
IIT-Roorkee engineers develop electric car prototype that needs ‘refuelling’ not recharging, say it won’t cost any more than your petrol or diesel vehicle.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
Terrible times for our luddite liberals and selective secularists. Fuel consumption is up, migrants are returning back to cities, Gilani has resigns from Hurriyat, Pawar points out that India lost 43,000 sq kms to China in 1962 etc etc.
Terrible times for our luddite liberals and selective secularists. Fuel consumption is up, migrants are returning back to cities, Gilani has resigns from Hurriyat, Pawar points out that India lost 43,000 sq kms to China in 1962 etc etc.