Automobile
Hike alert! Fuel prices in India likely to go up from tomorrow
The geo-political crisis-led global hike in crude oil prices is expected to push India’s domestic prices of petrol and diesel by Rs 15-22 per litre, say experts. Petrol, diesel prices, which are deregulated and directly linked to international oil prices, not getting revised for a record 124 days in a row now. The status quo coincided with assembly polls in Punjab, Goa, Uttrakhand, Manipur, and Uttar Pradesh. Thus, it is widely expected that the OMCs will revise the current prices on or after March 11, which is the day after state assembly election results.
Analysts opined that crude and election have any impact on oil price, however, Roop Bhootra – CEO, Investment Services, Anand Rathi Shares and Stock Brokers, said: “The crude oil prices hitting new highs in global markets, one could expect some price hikes in domestic markets. However, the government has many options to it and could also cushion the impact by adjusting taxes in order to reign inflationary pressures.”
However, an excise duty cut may dampen the impact on petrol and diesel prices to an extent, but not entirely. At present, India imports 85 per cent of its crude oil needs.
Hyundai India launched the much-awaited Creta Knight Edition in the country at a starting price of Rs 13.51 lakh (ex-showroom, all-India). This new variant is available in both petrol and diesel engine options and can be had either with a manual or an automatic transmission unit. To read more about the Creta Knight Edition, click here. In addition to this, the company has also introduced a model-year update for the Hyundai Creta with new feature additions.
The 2022 Hyundai Creta is now available in a new Denim Blue colour option and the Highline TPMS is now standard across all variants. The SX (O) trim now also gets a glossy black centre console. Furthermore, the company will offer the iMT option on the 1.5-litre petrol ‘S’ variant to further expand choices for the customers. The new S+ variant powered by a 1.4-litre T-GDi petrol engine with 7DCT now gets an additional set of features, such as –
– Smart panoramic sunroof
– 16-inch black alloy wheels
– Smartphone wireless charger
– Rear Disc Brakes
– Electronic Stability Control (ESC)
– Vehicle Stability Management (VSM)
– Hill start assist control (HAC)
– Paddle shifters
– Metal pedals
– Electric and auto-folding ORVMs
– Power window auto up/down
Mechanically, the SUV continues to be powered by the existing petrol and diesel engine options.
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