Ol Prices

Indian Oil Corporation sees 66.46 per cent decline in net profit in Q1 FY23

This is the first quarterly loss reported by the company in the past two years. The company had posted a net profit of Rs 5,941.37 crore in the same period a year ago. 

published on : 30th July 2022

Sri Lanka hopes for improved fuel availability with more shipments reaching this month

Meanwhile, due to the current fuel shortage, the Education Ministry declared next week from July 4 to July 8 as a holiday week for all government and state-approved private schools.

published on : 3rd July 2022

Upside risks to fiscal deficit emerges following duty cut on fuel: Finance Ministry

Rationalising non-capital expenditure has thus become critical, not only for protecting growth supportive capital expenditure but also for avoiding fiscal slippages.

published on : 20th June 2022

Huge rush for refilling vehicles in Kashmir amid rumours of fuel shortage

Hundreds of vehicles were lined up at almost every fuel station, waiting for their turn to be refilled, leading to traffic jams in some parts of the city and elsewhere in the valley as well.

published on : 16th June 2022

UP govt reduces VAT on fuel to further bring down diesel, petrol prices in state

This will bring down the effective prices by Rs 8 on diesel and approximately Rs 10  on petrol

published on : 25th May 2022

Maharashtra, Kerala, Rajasthan reduce VAT on petrol, diesel after Centre cuts excise duty

Chidambaram on Sunday wondered whether the states can afford to give up revenue from the Value Added Tax on petrol and diesel unless the Centre devolves more funds or gives them more grants.

published on : 22nd May 2022

Sitharaman rebuts Oppn flak on excise duty cuts, says move does not impact state sharing of taxes

Taking to Twitter, Sitharaman said she is sharing some useful facts on levies on petrol and diesel for the benefit of all.

published on : 22nd May 2022

Need to reduce taxes on oil in collaborative manner: CII President

He said taxes on petrol and diesel were increased by the government at a time when the price of crude oil in the international market was low and the same needed to be reversed.

published on : 17th May 2022

Trim cess for more fair play in fuel tax   

Prime Minister Narendra Modi’s call for ‘cooperative federalism’ has cheesed off the non-BJP ruled states.

published on : 30th April 2022

Bandi: Tax on fuel by TS is among the highest in India, price hike global

BJP State chief Bandi Sanjay said on Saturday that Telangana was among the States with highest petrol price in the country, even as 18 States have reduced petrol and diesel prices.

published on : 24th April 2022

Refinery margins, inventory gains to offset losses on petrol, diesel: Fitch

The three fuel retailers kept petrol and diesel prices unchanged for a record 137-days between November 2021 and March 2022 despite a nearly USD 27 per barrel rise in crude oil prices.

published on : 19th April 2022

Jet fuel prices increase marginally by 0.2 per cent, rates at record high of Rs 1.13 lakhs per kl

While jet fuel prices are revised on the 1st and 16th of every month, petrol and diesel rates are revised daily based on equivalent rates in the international market.

published on : 16th April 2022

CM Vijayan hits out at Centre over rising fuel prices

He also alleged that the central government, which says it has no money to provide food and oil subsidies to the common man, is the one that is helping the corporate houses by reducing their taxes.

published on : 3rd April 2022

Delhi Congress holds protest against central govt over rising fuel prices

Congress supporters, who participated in the protest, said it was becoming tough for common people to survive amid "such inflation".

published on : 3rd April 2022

Opposition protest in Lok Sabha over fuel price hike 

Raising slogans and carrying placards, the members shouted slogans against the Modi government for its alleged "anti-people" policies.

published on : 31st March 2022

Congress leaders stage protest against rising fuel prices

Congress MPs from both the Lok Sabha and the Rajya Sabha carrying placards raised slogans against the government and sat on a dharna against the rise in price of petrol, diesel and LPG gas.

published on : 31st March 2022

Petrol, diesel prices hiked by 80 paise, ninth hike in 10 days

The total increase in rates in the last 10 days to Rs 6.40 per litre.

published on : 31st March 2022

Opposition members walk out of Lok Sabha proceedings over fuel price hike

Congress MP questioned the need to hike price of petrol, diesel and cooking gas following a 137 days hiatus after polls in five states concluded.

published on : 25th March 2022

Hike in fuel prices imminent: Petroleum minister Hardeep Singh Puri

Oil Marketing Companies in India haven't revised the fuel prices for more than three months, despite surging crude prices globally.

published on : 9th March 2022

Sensex, Nifty tumble nearly 3 per cent amid weak global markets, elevated oil prices

Similarly, the broader NSE Nifty tanked 447.05 points or 2.75 per cent and slipped below the 16,000 level to 15,798.30.

published on : 7th March 2022
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