#crudeoil

Times of India | With 4th hike in 11 days, petrol crosses Rs 100 a litre in capital AI generated summary, Read the full article for complete information. Petrol prices in Delhi surpassed the Rs 100‑per‑litre mark on Monday after state‑run oil firms implemented a fourth retail‑fuel hike within 11 days, raising the price by Rs 2.61 to Rs 102.12 per litre, while diesel climbed to Rs 95.20. The cumulative increase now stands at Rs 7.35 for petrol and Rs 7.53 for diesel, with the government estimating daily under‑recoveries on fuel and LPG at just under Rs 600 crore and hinting at possible further hikes. Union Finance Minister Nirmala Sitharaman defended the move as a market‑driven response to soaring global crude prices, noting that earlier tax cuts had saved consumers about Rs 1 lakh crore annually. Prices vary across states: Mumbai’s petrol is Rs 111.21, Chennai’s Rs 107.77, and Kolkata’s Rs 113.51 per litre. Joint Secretary Sujata Sharma of the petroleum ministry said global crude price spikes have hit India less severely—petrol up 7.7 % and diesel 8.6 % versus 22 % and 27 % globally—but the state‑run companies were still losing roughly Rs 600 crore a day, down from about Rs 1,000 crore before the recent hikes. Read more: https://timesofindia.indiatimes.com/business/india-business/with-4th-hike-in-11-days-petrol-crosses-rs-100-a-litre-in-capital/articleshow/131317043.cms #NirmalaSitharaman #SujataSharma #PetroleumMinistry #Crudeoil #Delhi

Times of India | India switches to E20 petrol from today: What it means for your car India mandates E20 petrol as the standard fuel nationwide from April 1, 2025, requiring petrol pumps to supply a blend of up to 20 percent ethanol. This move aims to reduce crude oil imports and enhance energy security, with most newer vehicles already compatible, while older ones may see minor efficiency changes. Read more: https://timesofindia.indiatimes.com/auto/cars/india-switches-to-e20-petrol-from-today-what-it-means-for-your-car/articleshow/129945046.cms #india #e20petrol #petrolpumps #ethanol #crudeoil