But if fuel prices continue to go northwards, it will impact the carmakers at some point and optimism will soon peter out
The price of petrol in India’s financial capital Mumbai is nearing Rs 108/litre, while diesel is closer to Rs 100/litre mark
"Excise duty rates have been calibrated to generate resources for infra & other developmental items of expenditure," said MoS Finance Pankaj Choudhary
Opposition parties are planning to move adjournment notices in both houses of Parliament over issues like farmer strike, Covid-19, and fuel prices
Fuel prices hovering around and even breaching the hundred-rupee barrier makes the road for electric mobility smoother than ever beefore.
Both Centre and the states are overly dependent on petroleum taxes. They may not ease their grip on them
The possibility of the third wave of the Covid-19 pandemic coupled with the rise in fuel prices has put the industry in a difficult situation
He said that there is a good chance that India might still get the growth that was projected by the Finance Ministry
While the rate of vaccination has declined after a peak, the kharif sowing season had a weak start due to the hesitant monsoons
The Centre has increasingly depended on petrol and diesel to raise resources for its welfare programmes