Petrol price

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

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

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

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

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

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

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

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

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

"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

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

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

Reduction of excise duty on petrol, diesel not enough, says Thackeray; Fadnavis hits back

In a statement, Thackeray criticised the Central government for minimal reduction of excise duty on petrol and diesel.

published on : 21st May 2022

Cut on fuel excise duty: Stop befooling people, says Congress; Nadda seeks VAT cut by opposition-ruled states

Congress chief spokesperson Randeep Surjewala said the government had increased the excise duty on petrol by Rs 10 in 60 days and is now 'duping' people by reducing it by Rs 9.50.

published on : 21st May 2022
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