The Indian Oil Corporation (IOC) has made a significant reduction in petrol and diesel prices by up to Rs 15.3 per litre in the Lakshadweep islands. This marks the most significant cut in fuel prices the country has ever seen. The move comes after Prime Minister Narendra Modi’s visit to the islands on Jan 24 that went viral on social[Read More…]
The Indraprastha Gas Limited (IGL) has hiked CNG price by Rs. 2 per kg in Delhi and NCR with effect from Sunday at 6 am. With that, CNG now costs Rs 73.61 per kg in Delhi, 76.76.17 per kg in Noida, and Rs 81.94 in Gurugram. IGL has hiked the price of CNG throughout the country. CNG is retailing at[Read More…]
The series of fuel price hikes have added to transporter challenges. The May 11, 2021, fuel price hike pushed petrol beyond Rs.100 per litre at Parbhani in Maharashtra, and diesel within brushing distance of Rs.90 per litre. Adding to transporter challenges, the trend continues with petrol costing Rs.98.88 per litre in Mumbai and diesel costing Rs.90.40 per litre respectively at[Read More…]
Rising fuel prices and quiet road freight (transport) fraternity may well indicate a lull before the storm. Story by Bhushan Mhapralkar Rajesh Patil (name changed on request) is a small transporter at Belgaum with eight tankers that carry molasses from sugar factories in the region down south for further processing. Seven out of the eight trucks he owns are in[Read More…]
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