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Tag: oil prices

Oil price recovers, but market is ‘on borrowed time’ | The Week UK

Oil price recovers, but market is ‘on borrowed time’ | The Week UK

Oil prices edged up today as traders recovered from anxiety about a surprise rise in US crude stockpiles. Morning trading in London saw Brent crude up 19 cents on its previous closing price at $49.03 a barrel. In New York, West Texas Intermediate was up 14 cents at $46.54. It followed yesterday’s announcement from the […]

Petrol Price Down by Re 2 Per Litre, Diesel by Re 1 Since Daily Dynamic Pricing Began | India.com

Petrol Price Down by Re 2 Per Litre, Diesel by Re 1 Since Daily Dynamic Pricing Began | India.com

New Delhi, July 13: Since the daily dynamic pricing came into effect across India, petrol prices have come down by Re 2 per litre and the prices of diesel have fallen by more than Re 1 per litre in metro cities. After today’s petrol price revision, the rates of petrol prices in four metro cities are […]

Strikes stall normal life in district | The Hindu

Strikes stall normal life in district | The Hindu

While the dealers would refill their stocks on Wednesday, the shortage is expected to continue for another day. According to Thiruvananthapuram District Petroleum Traders Association secretary P.K. Biju, the stir has been organised in protest against the alleged discrepancies in the dynamic pricing system of petroleum products and the alleged failure of oil marketing companies […]

Fill Up Your Tanks Today, Chandigarh. Petrol Pumps To Stay Closed On Wednesday | ChandigarhX

Fill Up Your Tanks Today, Chandigarh. Petrol Pumps To Stay Closed On Wednesday | ChandigarhX

Chandigarh Petroleum Dealers Association (CPDA) has decided to close the petrol pumps in Chandigarh closed for one whole day on Wednesday, i.e. July 12, 2017. The association is protesting against the “loss-causing” dynamic fuel pricing system. The day will be observed as a ‘no purchase, no sale’ day. Only BP petrol pump in Sector 21 and […]

Petrol Pumps strike on July 12; accuse dynamic pricing mode for woes [Video] | Oneindia

Petrol Pumps strike on July 12; accuse dynamic pricing mode for woes [Video] | Oneindia

With their demands not being met, the All India Petroleum Dealers Association (AIPDA) industry body of petrol pump owners have called for a nationwide strike on July 12, 2017. As per the association traders are incurring losses after the rollout of dynamic pricing system under which rates of both petrol and diesel keep fluctuating on […]

Oil prices will remain flat for foreseeable future, Deloitte forecasts | CBC News

Oil prices will remain flat for foreseeable future, Deloitte forecasts | CBC News

Higher production in the U.S. and Canada has largely offset cuts made by OPEC, meaning oil prices won’t increase significantly anytime soon, according to the latest forecast from Deloitte released Wednesday. The report says cuts to production by the Organization of Petroleum Exporting Countries (OPEC) removed about 1.8 million barrels of oil a day from […]

Dynamic pricing of fuel: Dealers seek delayed payment mechanism to protect margins | Business Line

Dynamic pricing of fuel: Dealers seek delayed payment mechanism to protect margins | Business Line

“This way the dealers will be making the sale at a price decided for the day by the oil marketing companies, and the payment for the fuel sourced from the terminal will be made after sale of the product and deducting the fixed dealer margins.” Through this approach the burden of fluctuating prices will be […]

Petrol pumps to strike on July 12 as daily fuel price revision woes hurt traders | The Financial Express

Petrol pumps to strike on July 12 as daily fuel price revision woes hurt traders | The Financial Express

The woes on petrol diesel daily price revision continue to bite as the All India Petrol Dealers’ Association (AIPDA) announced a nationwide petrol pump strike on July 12. This strike will follow a symbolic “no-purchase” agitation on 5 July. AIPDA is protesting against the oil marketing companies’ failure to install 100 per cent automated system at […]

NZ’s petrol price differences not acceptable, minister Judith Collins says | Stuff.co.nz

NZ’s petrol price differences not acceptable, minister Judith Collins says | Stuff.co.nz

A bombshell government report into the fuel market shows people in Wellington and the South Island are paying 15 cents a litre too much for petrol, Labour says. The gross profit margin on fuel at the pump had doubled to about 30 cents a litre in Wellington and the South Island over the past four […]

Get ready for gas price ups and down for the remainder of 2017 | NJ.com

Get ready for gas price ups and down for the remainder of 2017 | NJ.com

With half the year behind us and earlier predictions for close to $3 a gallon gas that went bust, experts have revised their forecasts, which still call for a mid-summer price hike. Fortunately for drivers, it won’t be as painful as what was predicted at the beginning of the year. Summer driving season traffic and demand for […]