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[ad_1] Amidst mounting economic pressures, the masses find themselves grappling with yet another burden as the government on Tuesday decided to jack up petrol prices by a staggering Rs19.95 per litre and diesel price by Rs19.90 per litre for the next fortnight. The decision was announced by Finance Minister Ishaq Dar during a live broadcast, citing the necessity of adhering to the terms agreed upon with the IMF. The staggering increase in fuel prices has sent shockwaves through the masses, already grappling with a host of economic burdens. However, Dar emphasised that the government is committed to passing on the minimum possible burden to the people, as directed by Prime Minister Shehbaz Sharif. “The decision to hike petrol and diesel prices has been taken in the best interest of Pakistan,” asserted Finance Minister Dar. “While there are negative consequences for deviating from the IMF deal, we must also consider the rising international oil prices in recent days.” In a c...

[ad_1] Last Updated: October 30, 2023, 08:25 IST Fuel rates in India: Petrol and diesel prices today on October . 30(Representative image) Petrol, and Diesel prices in Chennai, Kolkata, Bengaluru, Lucknow, Noida, and Gurugram on October 30, 2023 Petrol, and Diesel Prices on October 30: There is a slight decline in the prices of crude oil in the international market today. Around 6 am on Monday, WTI crude was being sold at $ 84.82 per barrel. At the same time, Brent crude is trading at $ 89.84 per barrel. Oil marketing companies in the country have released the latest rates of petrol and diesel. In India, fuel prices are revised every morning at 6 am. Before June 2017, price revision was done every 15 days. In West Bengal, petrol has become costlier by 44 paise and diesel by 41 paise. In Punjab, petrol has become costlier by 27 paise and diesel by 25 paise. In Madhya Pradesh and Himachal Pradesh also, the price of petrol and diesel is showing an increase of more than 20 paise. On t...

[ad_1] The federal government on Wednesday reduced the prices of petrol and high-speed diesel (HSD) by Rs2.04 and Rs6.47 per litre, respectively, for the next fortnight. According to a notification from the Ministry of Finance, available with Dawn.com, the new prices of petrol and HSD are Rs281.34 and Rs296.71. Meanwhile, the prices of kerosene oil and light-diesel oil were reduced by Rs6.05 and Rs9.01 per litre, respectively, to Rs204.98 and Rs180.45. Informed officials had earlier predicted that the prices of petrol and HSD would decline by Rs8 to Rs10 per litre each, mainly due to lower prices in the international market. The officials had said that the international prices of both HSD and petrol had fallen over the past two weeks. However, the rupee had depreciated against the dollar during the same period, reducing the benefit of lower international prices for consumers. For price calculations, officials said that HSD had become about $9 per barrel cheaper on average,...

[ad_1] NEW DELHI: HPCL on Wednesday reported a profit in the June quarter as the freeze on petrol and diesel prices helped its marketing margin turn positive. It posted a net profit of Rs 6,204 crore in April-June compared with a loss of Rs 10,197 crore in the year-ago period. Last year, HPCL and other government-owned fuel retailers froze retail petrol and diesel prices to cushion domestic consumers from rising oil rates. agencies [ad_2] Source link https://worldnews2023.com/business/petrol-hpcl-is-back-in-black-in-june-qtr-times-of-india/?feed_id=124590&_unique_id=65279b0603051