Tag: Gasoline Prices

Fluctuating fuel price affects vegetable pricing | Times of India

Fluctuating fuel price affects vegetable pricing | Times of India

Kolhapur: The traders in the city believe that a constant change in fuel prices is contributing to an exorbitant rise in the prices of food grains, pulses and vegetables. For the last two months, the dynamic pricing of fuel is being implemented by the petrol pump operators. The fuel prices are modified on a daily […]

Address fundamental flaws in fuel pricing | Business Line

Address fundamental flaws in fuel pricing | Business Line

Pricing mechanism flaw First, the pricing mechanism. While the daily frequency of price change is fine, the methodology of the pricing mechanism is not. In India, the prices of petrol and diesel are not determined by the actual costs incurred by refiners on crude oil sourcing, refining and marketing and allowing for profits. Rather, a […]

GST on fuel can help rein in prices | Business Standard News

GST on fuel can help rein in prices | Business Standard News

The petroleum ministry’s push for including crude oil, natural gas, petrol, diesel and aviation turbine fuel in the goods and services tax (GST) may bring benefits to the industry as well as customers at a time of rising retail prices. However, much of the benefits will depend on the GST rates applicable on fuel. The […]

Massive jump in petrol rates after dynamic pricing – Decoding the price rise | Zee News

Massive jump in petrol rates after dynamic pricing – Decoding the price rise | Zee News

New Delhi: The Indian basket of imported crude oils gained nearly $3.50 a barrel during last week even as petrol prices in the country touched their highest levels since 2014, official data has showed. Petrol price was hiked by 8 paise a litre and diesel by 10 paise per litre, applicable from 6 a.m. on […]

Texas AG files first 3 price gouging lawsuits | KDFW

Texas AG files first 3 price gouging lawsuits | KDFW

According to a release from attorney general’s office, state law prohibits businesses from charging exorbitant amounts during a declared disaster. The Bains Brothers, who own Texaco-branded gas station in Arlington, Carrollton and Richardson, were accused of charging the higher price even while displaying signs with prices in the $3-$4 range. Additional lawsuits were filed against […]

Petroleum minister Dharmendra Pradhan says no need to change daily revision in fuel prices regime | First Post

Petroleum minister Dharmendra Pradhan says no need to change daily revision in fuel prices regime | First Post

New Delhi: Petroleum minister Dharmendra Pradhan on Monday said the dynamic pricing regime, whereby prices of transport fuels are revised daily, would continue despite petrol prices going up by over Rs 6 per litre since the scheme was introduced pan-India from mid-June. Speaking to reporters after taking over additional charge of the Skill Development and Entrepreneurship […]

Do You Know Petrol Prices Are The Highest In Last 3 Years? | ChandigarhX

Do You Know Petrol Prices Are The Highest In Last 3 Years? | ChandigarhX

The nation has been so gripped to Baba Gurmeet Ram Rahim Singh’s conviction and sentencing for past many days that we didn’t even notice where oil prices in the country are going. Petrol prices is hovering at the highest rate in last 3 years, and that of diesel, the highest in last 4 months. Since July, […]

Competition keeps Baltimore County gas stations nimble | Baltimore Sun

Competition keeps Baltimore County gas stations nimble | Baltimore Sun

When it comes to filling up his GMC SUV, every penny counts for Frank Beales, a retired corrections officer from Violetville. He stopped at the U.S. Gas in Halethorpe earlier this month after seeing the street sign advertising $2.19 for a gallon of regular. “It’s the price,” said Beales, 66. “I’m sure I’m not the […]

Orica warns rising gas prices hitting profits and jobs | Herald Sun

Orica warns rising gas prices hitting profits and jobs | Herald Sun

HOUSEHOLDS PAYING INFLATED ELECTRICITY AND GAS PRICES Joining the ranks of manufacturing industry leaders to call for immediate action on surging prices, Mt Calderon on Thursday said the nation’s gas market was “at a crisis point”. Orica was in the “bizarre” situation where it could make more money converting imported ammonia into gas to sell […]

When Oil, Gas Portfolio Optimization Goes Too Far | Exploration & Production

When Oil, Gas Portfolio Optimization Goes Too Far | Exploration & Production

A key expected strategy for surviving in a “lower-for-longer” price environment is portfolio optimization, shedding assets that do not fit a specific geographic strength, technical capability or risk profile. During the recent downturn, many oil companies migrated from cost reduction to portfolio rationalization. Several companies even optimized to the point of a single-basin focus, consolidating […]