Oil Marketing Companies Hike Dealer Commissions: What It Means For Fuel Prices

29 Oct 2024

Oil marketing companies on Tuesday announced a hike in dealer commissions for petrol pump operators and plans to adjust inter-state freight charges, aiming to reduce petrol and diesel prices in several regions nationwide. “#IndianOil is pleased to announce a revision in the dealer margins (effective from 30th October 2024), following the...

Malaysia Hikes Diesel Prices by Over 50% in Major Subsidy Overhaul

10 Jun 2024

On Monday, diesel prices in Malaysia increased by more than 50 per cent as the government revamped decades-old fuel subsidies to reduce spending and save billions of ringgits (Malaysian currency) annually. This restructuring eliminates blanket energy subsidies and redirects them to those in need. The reforms, part of Prime Minister...

Kerala Budget: Rs 2,000 Crore to Tackle Price Rise; fuel prices hiked by Rs 2 per litre

03 Feb 2023

Kerala Finance Minister K N Balagopal presented the budget for the 20233-23 financial year in the legislative assembly on Friday. State FM laid the state budget 2023 in the legislative assembly today and began his speech. This is the third budget by Balagopal. He said that the petrol, diesel prices...

Gujarat polls: Congress MLA carries ‘gas cylinder’ on his bicycle to cast vote

01 Dec 2022

In a bizarre incident, Congress MLA Paresh Dhanani while casting his vote for ongoing Assembly elections in Gujarat carried a ‘gas cylinder’ with him on a bicycle he was riding.According to the MLA, his intention behind this act was to underline the issues of high fuel prices, inflation and joblessness.Paresh...