Auto gasoline costs won’t fall in spite of 30% decline in crude

NEW DELHI : State-run oil corporations won’t straight away raise the six-month lengthy freeze on day-to-day pricing of car gasoline charges in spite of just about 30% plunge in reasonable global costs of petrol and diesel from the June top as they paintings in opposition to improving their previous income losses, 4 other people mentioned. … Read more

Centre to check new taxes on crude oil, auto gas each and every fortnight: Tarun Bajaj

New Delhi: The federal government will evaluation the providence tax on petroleum and the obligation on auto gas export, that had been imposed on Friday, each and every 15 days for recalibration, earnings secretary Tarun Bajaj informed journalists right here. “Each 15 days, we can see what are the global costs of diesel, petrol and … Read more

Reliance key beneficiary as refining margins skyrocket

NEW DELHI : Asian refining margins have shot up as crude oil trades at increased ranges, leading to providence features for oil refiners. Whilst Indian refiners around the board have received, a key beneficiary is best calories company Reliance Industries Ltd, profitable a couple of income upgrades, and its inventory racing forward of benchmark indices. … Read more