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Oil marketing companies have left petrol and diesel prices unchanged across the country on Wednesday. According to Indian Oil Corporation website, a litre of petrol costs Rs 74.76 in Delhi, Rs 77.44 in Kolkata, Rs 80.42 in Mumbai and Rs 77.72 in Chennai on…
Fuel and convenience retailer Caltex is planning to undertake an initial public offering (IPO) of up to a 49 percent stake in 250 retail sites. The retailer would retain a majority 51 percent interest and enter into a long-term lease agreement for each site.…
Petrol prices have surged in Delhi, Mumbai, Kolkata and Chennai, seeing a hike of 16 paise/litre. The upward trend in petrol rates continued on the fifth consecutive day on Monday, while the diesel prices remained constant for the sixth day in continuation.…
Petrol prices continued a downward trend for the fifth consecutive day on Tuesday, while diesel prices remained unchanged after a slight dip on Monday. Delhi, Kolkata, Mumbai and Chennai saw a reduction of 5 paise/litre in petrol prices. According to the…
Fuel price rates continued a downward trend for the second day on Friday. Delhi, Kolkata, and Mumbai saw a decline of 18 paisa a litre on petrol and Chennai 19 paisa per litre. Similarly, diesel rates also reduced by 8 paisa a litre in Delhi, Kolata and…
Honda Motor said it would phase out all diesel cars by 2021 in favor of models with electric propulsion systems, as the Japanese automaker moves to electrify all of its European cars by 2025. Honda is the latest automaker cutting production of diesel cars to…
Daimler says to pay 870 mn euro fine over diesel recalls Lees ook: iKala raises US$17M Series B to expand global footprint
South Korean automaker Hyundai will pay a $47 million fine for illegally importing and selling dirty diesel engines in violation of American environmental rules, US authorities announced Thursday. Between 2012 and 2015, the company imported nearly 2,300…
Automotive supplier Bosch has agreed to pay a 90 million euros ($100.21 million) fine for lapses in supervisory duties which enabled carmakers to engage in emissions cheating, German prosecutors in the city of Stuttgart said on Friday. Privately-held Bosch,…
Increased competition and the rising price of crude oil had a negative impact on convenience and petrol station owner Caltex’s first quarter earnings. The retailer announced that earnings from both its fuels and infrastructure business and its convenience…
German prosecutors have imposed a fine of 535 million euros ($598.99 million) on German luxury carmaker Porsche AG for neglecting supervisory obligations linked to diesel emissions cheating, they said in a statement on Tuesday. Prosecutors in the southern…
Maruti Suzuki’s move to phase-out all diesel models within a year has certainly raised eyebrows. Tata Motors also in the past has said that it will only convert its 1.5-litre and above displacement diesel engines to BS6 and the low displacement diesel engines…
Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up. For oil-import…
Just days after announcing phasing out of diesel engines within a year, Maruti Suzuki has launched the 2019 Ertiga with its in-house developed 1.5-litre, DDiS 225 diesel engine. Maruti is offering the Ertiga 1.5 in three variants- VDI, ZDI and ZDI+ with…
The Maruti Suzuki Ertiga was introduced in India last year and is sold in a number of markets including several South East Asian countries. The new generation model is being offered with several upgrades overseas and latest one is a new special edition model…
The 2019 Ford Figo facelift is all set to go on sale in India on March 15, 2019. The car is set to receive an update over three years later and the facelifted Figo will come with a bunch of cosmetic changes, sharing most of its cues with the Aspire facelift,…
