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Fuel Prices to fluctuate daily from May

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Fuel Prices to fluctuate daily from May

New Delhi: From May 1, petrol and diesel prices will change every day in sync with international rates, much like what happens in most advanced markets. Here’s progress! Pondicherry, Vizag, Jamshedpur, Udaipur, and Chandigarh will kick off the new rate regime. State-owned fuel retailers Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan […]

No more ‘cashless’ at Petrol Pumps in India?

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No more ‘cashless’ at Petrol Pumps in India?

Petrol pump owners late on Jan 8 night deferred till January 13 their decision to not accept credit and debit card payments for fuel sales after banks put off the move to levy the transaction (MDR) charge. To promote cash-less transactions, the government had waived the Merchant Discount Rate (MDR) on fuel purchase post demonetisation […]

Life on hold: Fuel Shortages  cripple Tripura

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Life on hold: Fuel Shortages cripple Tripura

The north-eastern Indian state of Tripura is in the middle of an acute fuel crisis. Monsoon rains and landslides have badly damaged a highway that connects the remote region to the rest of the country. A huge shortage of petrol and diesel has forced the shutdown of key services for nearly six weeks now. This […]