Three state-owned fuel retailers -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 18 months in a row.
Consumption of petrol during September was 19.3 per cent more than in the COVID-marred September 2021 and 30 per cent more than in pre-pandemic September 2019.
The duty on jet fuel or Aviation Turbine Fuel will be reduced to Rs 2.5 per litre effective Saturday, from Rs 3.5 per litre currently. The SAED on petrol will continue at nil.
Speaking on the matter, State President of the Rajasthan Petroleum Dealers Association, Rajendra Singh Bhati said that the protest will be held against high VAT on fuel in the state.
All the petrol pumps will remain closed across the state from 10 am to 6 pm Wednesday and Thursday.
The AAP's Rajya Sabha MP Sanjay Singh said that the prices of fuel and medicines have gone up considerably under Modi's rule. He also criticised the Agniveer scheme, saying that it has betrayed youngsters.
According to reports, petrol and diesel will not be provided in bottles or cans at fuel pumps.
Pakistan fuel prices: The debt-ridden country's finance minister Ishaq Dar said that the decision to keep the petroleum products prices unchanged is taken in view of international rates
Diesel at Jio-bp outlets with ACTIVE technology helps reduce the risk of unscheduled maintenance caused by dirt build-up and removes existing dirt from critical engine parts and protects against its build-up with ongoing use.
Tata Motors is currently leading the Indian passenger electric vehicle (EV) market, followed by MG Motor, and Hyundai Motor.
It is worth noting that India is the world’s third-largest oil-consuming and importing nation. It imports 85 per cent of its crude oil needs.
Pakistan economic crisis: Not just with foreign exchange reserves, Pakistan is also dealing with a depreciating value of its currency against the dollar which is rising the cost of imports, especially fuel, and food.
This is not the first time when luxury brand Diesel has been trolled for its clothing. Before the 'cauliflower' winter jacket, it was made fun of for a micro-mini skirt that looked like a belt.
Diesel autos in NCR: Issuing the order, the Commission for Air Quality Management said the target was that only CNG and e-autos ply in the NCR from January 1, 2027.
While the windfall profit tax is calculated by taking away any price that producers are getting above a threshold, the levy on fuel exports is based on cracks or margins that refiners earn on overseas shipments.
Industry sources said the ending of extended monsoon rains in most parts of the country and a pick up in agriculture season led to a rise in diesel demand.
Union Finance Minister Nirmala Sitharaman had in her Budget for the fiscal year beginning April 2022 brought a Rs 2 per litre additional levy on petrol and diesel that is not blended with ethanol and bio-diesel, respectively.
Delhi News: The decision was taken during a meeting of the urban body chaired by Lt Governor V K Saxena, who also gave nod to several other key proposals, including relaxing norms for owing a DDA flat by members of the economically weaker section (EWS) of the society.
This is the first quarterly loss in over two years. The company had reported a net loss in January-March 2020, but that was on account of inventory losses on processing costlier crude.
A decision to reduce VAT on fuel will be taken in the state cabinet, Shinde informed the House, while replying to a debate after he won the floor test.
Top News
Latest News
