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Oil prices sink after Saudi-driven rally

"Oil prices are under pressure...  as the glow from Saudi's supply cut fades and the reality of the sluggish demand backdrop sets in," an expert noted.

published on : 6th June 2023
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Cash-strapped Pakistan hikes petrol price by Rs 10 per litre

Finance Minister Ishaq Dar announced the hike in a late-night live address, during which he said the prices of diesel and light diesel oil would remain unchanged at Rs 293 and Rs 174.68 respectively.

published on : 16th April 2023
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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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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
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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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Kerala announces cut in state tax on petrol by Rs 2.41, diesel by Rs 1.36

Announcing the cut on state tax, Kerala Finance Minister K N Balagopal said the Union government has partially reduced the huge tax imposed by it. He, however, welcomed the Centre's decision.

published on : 21st May 2022
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Centre hiked taxes on petrol, diesel by 250 per cent between 2014-15 and 2020-21: Priyanka Gandhi

Priyanka Gandhi's attack on the BJP-led government came amid a political slugfest over PM Narendra Modi flagging higher fuel prices in many Opposition-ruled states.

published on : 29th April 2022
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After petrol, diesel at almost Rs 100-mark in Rajasthan

Petrol price was hiked by 29 paise per litre and diesel by 28 paise, according to a price notification of state-owned fuel retailers.

published on : 11th June 2021
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Opposition seeks cut in fuel prices in Lok Sabha

Ritesh Pandey (BSP) too raised the issue of high prices of petrol and diesel "burning a hole in pocket of the poor".

published on : 23rd March 2021
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Petrol, diesel set to be costlier; customs duty on gold increased

Customs duty on gold was also increased to 12.5 per cent from existing 10 per cent, said finance minister Nirmala Sitharaman.

published on : 5th July 2019
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Sharply fluctuating fuel prices defined oil and gas sector in 2018

Petrol and diesel in India have declined by nearly 15 per cent each from the record high levels they had reached in October.

published on : 30th December 2018
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Traffic soared on low fares as airlines bled on high fuel prices in 2018

The double-whammy of high fuel cost and low fares necessitated by extreme competition magnified as the rupee depreciated and interest-rates remained high.

published on : 30th December 2018
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Petrol costlier across metros; climbs to Rs 81.68 per litre in Delhi

As per the data, the fuel was priced at Rs 87.15 in Mumbai, Rs 83.52 in Kolkata and Rs 84.89 per litre in Chennai.

published on : 7th October 2018
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Congress President Rahul Gandhi implores PM Narendra Modi to bring petrol, diesel under GST regime

The Congress had on Thursday described the price cut as an ant compared to the hike that was an elephant.

published on : 5th October 2018
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Fuel prices continue to surge, petrol sold at Rs 90.22/ltr, diesel at Rs 78.69/ltr in Mumbai

On Monday, the petrol price in Mumbai surpassed the Rs 90-run mark as it was being retailed at Rs 90.22 per litre, while diesel was being sold at Rs 78.69 per litre.

published on : 25th September 2018
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Government cuts petrol, diesel prices by Rs 2 per litre 

Currently, the sales tax on petrol and diesel is 32 per cent and 21 per cent respectively.

published on : 18th September 2018
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Sensex, Nifty fall over 1 percent as rupee woes linger

Most Asian markets slipped amid reports Washington was about to announce a new round of tariffs on Chinese imports, setting the stage for possible reprisals by Beijing.

published on : 17th September 2018
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Fuel prices continue northward march, petrol sold at Rs 81.28/ltr and diesel at Rs 73.30/ltr in Delhi

The petrol price was increased by 28 paise per litre, while the diesel saw a hike of 22 paise per litre in the national capital, informed the Indian Oil Corporation.

published on : 14th September 2018
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Union Minister Nitin Gadkari urges farmers to make biofuel to replace petrol, diesel

He also said that the Petroleum Ministry is setting up five ethanol-making plants in the country for the same.

published on : 11th September 2018
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Cutting Petrol price by 1 paisa is childish and in poor taste: Rahul Gandhi

Expressing shock at the development, Rahul termed the mere 'One paisa cut' as being 'childish' and 'in poor taste'.

published on : 30th May 2018
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