Petrol and diesel Archives -

Money Saving Tips: There can be strong savings while buying petrol and diesel, these methods will have to be tried at petrol pump

Admin — Thu, 02 Oct 2025 13:07:05 +0000

Money Saving Tips: As soon as the government increases the prices of petrol and diesel, it also affects the pocket of the common man. In this era of inflation, every single rupee spent on petrol and diesel matters. This is the reason that now people have started adopting different ways of savings at the petrol pump with the speed of the car. If a little precautions are taken at the petrol pump, then good savings can be done while buying petrol and diesel and thugs can also be avoided. In such a situation, let us know today some easy ways which can be saved well while buying petrol and diesel.

Save by using fuel credit card

The easiest way of saving good saving while purchasing petrol diesel is considered to be the use of fuel credit card. These cards give discounts in cashback, reward points and fuel surcharge on purchasing petrol and diesel. Due to which the cost of your total petrol and diesel is low and you can get some copy money directly back to your account on every liter fuel. Apart from this, this savings in many cards can range from 3 to 8.5 percent.

Top Fuel Credit Cards

Indianoil RBL Bank Xtra Credit Card- Through Indian Oil RBL Bank Credit Card, you can get up to 8.5 percent cashback and fuel points on petrol and diesel, so that you can save a lot of money.

BPCL SBI Card Octane- Through this card at BPCL petrol pump, you can find 6.25 percent cashback and one percent fuel surcharge wave on every four thousand transactions.

First Power+ Credit Card- Using this credit card at HPCL petrol pump saves up to 6.5 per at 6.5 per at.

ICICI HPCL Super Sver Credit Card- Using ICICI Bank’s credit card at HPCL petrol pump saves you up to 6.5 per at 6.5 per at. In which 4 percent cashback and one percent surcharge discounts are available.

Indianoil HDFC Bank Credit Card- With this credit card, you can take up to 50 liters of free fuel a year. By paying Indian Oil at the petrol pump with this card, you get 5 copy fuel points at every expense.

Tips for savings

To save a lot of good saving at the petrol pump, it is necessary to use the points and cashbacks available from fuel card on time. Thousands of rupees can be saved every month by using it properly.

Apart from this, most of the cards are waived up to one percent fuel surcharge, but the card often contains a monthly cap. In such a situation, you have to organize your shopping accordingly.

Apart from this, while taking the card, you must get information about the annual fees and interest rates. At the same time, using cards only for fuel is saved and easy.

Also read-All people will get a coin of 100 rupees issued on 100 years of RSS, what are the rules about this?

Source link

The post Money Saving Tips: There can be strong savings while buying petrol and diesel, these methods will have to be tried at petrol pump appeared first on .

India Can Save 1 8 Lakh Crore Rupees on Crude Oil Import and 6000 Crore Rupees on LNG important

Admin — Wed, 07 May 2025 16:02:53 +0000

India oil and lng import: India’s third largest crude oil importer and consumer India can save up to Rs 1.8 lakh crore on liquefied natural gas (LNG) and crude oil imports. This has been revealed in the estimate of rating agency ICRA.

In the financial year ending 31 March, 2025, India spent $ 242.4 billion on crude oil imports. India meets the need for more than 85 % crude oil from imports. In addition, $ 15.2 billion is spent on LNG imports as almost half of the demand for LNG in India meets domestic production.

There can be so much savings on oil and LNG imports

In the beginning of this week, oil prices came to a four -year low of $ 60.23 per barrel amid increasing concerns over global supply amid uncertain demand. Rating agency Iqra has estimated that the average crude oil prices for FY 2026 (April 2025 to March 2026) will be within $ 60-70 per barrel.

In such a situation, savings of Rs 1.8 lakh crore on import of crude oil and Rs 6,000 crore on import of LNG are possible. A reduction in crude oil prices will cause savings, but the refiner may also face inventory deficit. In addition, the possibility of further increase in excise duty cannot be ruled out.

The common man also benefits

If this trend of softening on energy rates at the international level remains intact, then the general public of the country can also benefit from it. Petrol and diesel prices can be reduced in the coming days, this will also save the common man.

Also read:

India broke all records, sent so many billion dollars to America; Why did this rise in export?

Source link

The post India Can Save 1 8 Lakh Crore Rupees on Crude Oil Import and 6000 Crore Rupees on LNG important appeared first on .

Petrol diesel are gotting cheaper in the international market then why did the modi government increase the pris of petrol diesel

Admin — Mon, 07 Apr 2025 10:50:17 +0000

Petrol diesel price hike: The Modi government announced to increase the price of petrol and diesel on Monday, 7 April 2025. The central government has increased by Rs 2 on petrol and diesel. The new rates on petrol and diesel will be applicable from 12 noon. The biggest thing is that this decision has been taken at a time when crude oil prices have reached the lowest level of three years worldwide.

Cheap crude oil

Talking about last week, the price of crude oil fell to $ 62 per barrel, which is the lowest rate since August 2021. The reason for this decline is the possibility of global economic recession and decrease in demand for oil. On Monday, the price of Brent crude was $ 63.23 per barrel, while the US’s Nymex crude fell 10 per cent to $ 62. Also, Saudi Arabia has reduced the price of its major grade ‘Arab Light’ for Asia for the second consecutive month. OPEC+ countries have also relaxed production cuts from this month, which can increase the supply in the market.

Questions arising in the country

On the one hand, the Government of India has increased oil prices, on the other hand, questions are being raised in the country that when the oil has become cheaper in the international market, then why the prices of petrol and diesel are not decreasing in India. According to the business line report, Congress leader Manish Tiwari also asked the government whether ‘dynamic pricing’ applies only when prices rise? The general public is also hoping that now the prices of petrol and diesel will decrease, but no clear indication has been received from the government so far. In contrast, the prices of petrol and diesel have been increased further.

Oil companies are earning money

The fall in crude oil prices is also affecting India’s oil companies. This can prove to be beneficial for oil marketing companies (OMCs) like Indian Oil, HPCL and BPCL, as their auto fuel marketing margin has reached Rs 13 per liter, which is usually between Rs 3.5 to 6.2 per liter. But if the government increases excise duty or reduces retail prices, then the profits of these companies may be affected.

Harmful for these companies

This decline can be harmful for companies like ONGC and Oil India. According to JM Financial, every $ 1 decline may reduce the income (EPS) of these companies by 1.5-2 percent. Also, if the price of oil remains below $ 70, then the investment of American shell oil companies will also be affected as their break-even price is $ 60-65 per barrel. At the same time, Saudi Arabia can also suffer losses, because their budget is balanced at the rate of $ 85 per barrel.

Also read: Donald Trump Tariff Policy: Donald Trump’s tariff bomb created panic all over the world, every Indian family can suffer so many thousands!

Source link

The post Petrol diesel are gotting cheaper in the international market then why did the modi government increase the pris of petrol diesel appeared first on .