‘Petrol, diesel prices may see a cut after Oct 5’

Petrol and diesel prices may be reduced after October 5, according to CLSA, which has based its report on speculation after comments by Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas, suggesting a cut last month.

Petrol, diesel sales jump in June

India’s petrol consumption jumped by 54 percent and that of diesel soared by 48 percent in the first fortnight of June from a year earlier with continuing demand recovery from a relatively low base in 2021 when the world’s third-biggest oil user was in the grip of the second wave of Covid-19.

Petrol, diesel prices go up for 3rd day in week

After remaining unchanged for more than months, petrol and diesel prices have been hiked for the third time this week. The price of petrol and diesel has been hiked by 76 paise in Chennai.