Now Diesel May Be Dearer By 80 Paise/Litre
Advertisement
Advertisement
At present, the revenue loss on the fuel is Rs 6.80 a litre and it is for the Oil Ministry to take a decision, an EC official said.
"With the proposed 80 paise hike, revenue loss on diesel is expected to be around Rs 5 per litre from May 16," a government source said.
The hike will also cover backlog as it was delayed due to the recently concluded polls, government officials said. The fuel price would increase drastically as the companies were not allowed to increase diesel prices for the past two months.
The government had allowed oil companies to increase diesel rates by 50 paise every month until their revenue losses are neutralised.
Advertisement
Advertisement
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market