While recent cuts on excise duty for petrol and diesel are a relief, Indian oil marketing companies are losing about ₹48 a litre after absorbing the ongoing rise in global crude prices. If such a situ ...
The market mayhem continued today even after the government announced a steep Rs 10/liter cut in excise duty on petrol and diesel effective immediately.
Alongside the excise cut, the government has imposed an export duty of Rs 21.5 per litre on diesel and Rs 29.5 per litre on aviation turbine fuel (ATF).
Three vessels are expected to bring 24 TMT of LPG each before the end of this month; port is scheduled to get substantial volumes of crude oil in coming weeks
The economic impact of the crisis has begun to bite around the world, with governments looking to cut energy consumption and airlines scaling back flights.
