Currently, diesel is retailing at Rs 87.67 a litre in Delhi . In Mumbai, Chennai and Kolkata diesel costs Rs 90.03 , Rs 92.49and Rs 91.82 respectively. India imports about 80% of its oil needs and ...

India moving away from fuel subsidy is widely considered one of the most significant economic reforms, giving the government enough room for expanding its social and subsidy expenditure beyond ...

It is important to understand that arriving at everyday diesel prices was a complex procedure, as it involved taking into account daily movement of crude oil and also the currency rate fluctuations.

Thus, marginal changes in international trade or demand fro crude oil can have noticeable impacts on domestic diesel prices in Chennai as well. Chennai is the largest city of Tamil Nadu with more ...

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