Petrol Price
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Oil prices at seven-month low but no change in petrol, diesel prices in India

International benchmark Brent crude fell below USD 90 per barrel last week for the first time since early February as recession fears weigh on demand.

published on : 11th September 2022
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Karnataka opposition demands tax cuts, decrease in fuel prices citing fall in crude oil rates

Citing falling crude oil rates, opposition leaders in Karnataka have demanded that the government bring down prices of petrol and diesel, to ease the burden on the common man.

published on : 26th August 2022
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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
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Maharashtra government cuts VAT on petrol and diesel; state exchequer to incur burden of Rs 6,000 crore: CM Shinde

The government will ensure the burden of Rs 6,000 crore on the state exchequer does not impact development works, Shinde said.

published on : 14th July 2022
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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
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Pakistan steeply hikes petroleum prices under deal with IMF to revive bailout programme

The Pakistan government imposed a Rs 10 per litre petroleum levy on petrol and Rs 5 each on high-speed diesel (HSD), kerosene and light diesel oil (LDO).

published on : 1st July 2022
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Sri Lanka is exploring options to purchase oil from Russia: Minister 

On Sunday, petrol price was hiked by LKR 50 and diesel by LKR 60 respectively, the third price revision in just over two months.

published on : 26th June 2022
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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
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Selling diesel at Rs 20-25/litre loss, petrol at Rs 14-18/litre loss: Private retailers to government

International crude oil has risen sharply to a decade high but state-owned fuel retailers with 90 per cent market, have frozen petrol and diesel prices at rates equivalent to two-third of the cost.

published on : 20th June 2022
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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
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Indian crude oil basket hits 10-year high; petrol, diesel prices unchanged

As per the PPAC, the Indian basket of crude oil averaged USD 111.86 per barrel between February 25 and March 29 - the immediate period after Russia's invasion of Ukraine sent oil on fire.

published on : 10th June 2022
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Petrol pumps in 24 states not to buy fuel on Tuesday, demand higher commission

According to an association, the dealer margins are to be revised every six months but the OMCs have not done the same since 2017 despite a steep increase in fuel prices and operational costs.

published on : 31st May 2022
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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
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Reduce taxes on fuel like other States: Naidu to govt

What wrong had the people of AP committed that the YSRC regime had failed to provide any additional relief to them on its part? the Leader of Opposition asked.

published on : 24th May 2022
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Oil companies slap hidden hike in petrol base price

A hidden increase in the base price of petrol by oil companies has deprived consumers of the full benefits of the tax cut announced by the Central government.

published on : 24th May 2022
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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
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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
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"We will consider," says Karnataka CM on further cut in fuel tax

Bommai, last month was non-committal on any further cut in fuel tax by the state government, and had maintained that any decision in this regard will be taken after looking at the economy of the state.

published on : 22nd May 2022
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Petrol price cut by Rs 8.69, diesel by Rs 7.05 in Delhi

The excise duty cut will translate into a reduction of Rs 8.69 a litre on petrol in Delhi and Rs 7.05 in diesel per litre after taking into account its impact on other levies.

published on : 22nd May 2022
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Excise duty cut on Fuel price: Trinamool says BJP trying to fool masses

TMC national spokesperson Sukhendu Sekhar Ray said the Centre has raised the prices of petrol and diesel at least 14 times in the past few months and by leaps and bounds in the past one year.

published on : 21st May 2022
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