Diesel
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IOC sold petrol at Rs 10 a litre loss, diesel at Rs 14
Business | Jul 31, 2022, 11:45 AM ISTThis 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.
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Maharashtra govt to reduce VAT on fuel soon, says CM Eknath Shinde
India | Jul 04, 2022, 07:17 PM ISTA 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.
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Central Government slaps tax on petrol, diesel exports; imposes windfall tax on crude oil
Business | Jul 01, 2022, 02:54 PM ISTThe levy on crude, which follows record earnings by state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) and private sector Cairn Oil & Gas of Vedanta Ltd, alone will fetch the government Rs 67,425 crore annually on 29 million tonnes of crude oil produced domestically.
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Petrol, diesel shortage news triggers panic: Here's what govt says
India | Jun 15, 2022, 07:08 PM ISTRecently, hundreds of two and four-wheelers were witnessed at most of the petrol pumps around midnight in Gujarat's Ahmedabad following a rumour on social media about a possible strike of petrol pump owners.
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Petrol, diesel shortage news: Oil companies quell rumours, say 'fuel supply normal'
Business | Jun 15, 2022, 12:43 PM ISTPetrol, Diesel shortage: Rumours about fuel shortage started doing the rounds after long queues over the weekend were spotted at petrol pumps in Rajasthan, Uttarakhand and Gujarat.
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Pakistan hikes petrol cost by Rs 30, one litre to cost Rs 180
World | May 27, 2022, 08:19 AM ISTAccording to Pakistan's finance minister, the hike in petrol price has been aimed at ensuring the revial of the International Monetary Fund (IMF) programme.
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Govt may borrow 1 trillion rupees after reducing excise duty on petrol, diesel: Report
Business | May 22, 2022, 10:23 PM ISTReports said that the loss to the exchequer post the reduction of excise duty on petrol and diesel will be borne through additional borrowings.
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Fuel price cut: Sitharaman explains math behind excise duty on basis of what is sharable with states
India | May 22, 2022, 08:03 PM ISTAmid the blame-game between the Centre and Opposition over the intention of reducing the fuel prices, Finance Minister Nirmala Sitharaman put some facts before the people saying criticism/appraisal can benefit from having them before us.
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'It is always people first for us': PM Modi reacts to price cut on petrol, diesel and LPG
India | May 21, 2022, 08:31 PM ISTThe government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battered by high fuel prices that have also pushed inflation to a multi-year high.
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Govt cuts LPG price by Rs 200 per cylinder, petrol and diesel cost also reduced
India | May 21, 2022, 10:52 PM ISTLPG cylinder price cut: After cutting down on petrol and diesel prices, the government also reduced the price of LPG cylinders by Rs 200.
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Centre vs Bengal over petrol, diesel prices: 'Clear our dues of Rs 97, 807.91cr, we will...'
India | Apr 28, 2022, 08:25 PM ISTMamata Banerjee's TMC put out a tweet from the party's official handle reminding PM Modi of its 'open challenge' to him.
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'Cut taxes on fuel, not liquor': Hardeep Puri slams Oppn-ruled states over high petrol,diesel prices
India | Apr 28, 2022, 01:03 PM ISTHardeep Singh Puri said that the BJP-ruled states levy less VAT on petrol and diesel than the opposition ruled states.
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'Request CMs to reduce VAT': PM Modi flags high fuel prices in Opposition-ruled states
India | Apr 27, 2022, 04:04 PM ISTPM Modi has urged states which have not reduced VAT on fuel to do so as he flagged higher rates in states like Maharashtra, West Bengal and Telangana.
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Only 18-day stock left: After power cut, Pakistan braces for worst diesel shortage next month
World | Apr 20, 2022, 12:17 PM ISTThe Pakistan government has directed the oil refineries to boost local production to tackle the looming diesel shortage crisis.
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Petrol, diesel to become cheaper? Modi govt considering reducing excise duty, say sources
India | Apr 12, 2022, 04:36 PM ISTIn November last year, the government reduced the excise duty on petrol and diesel. Petrol had become cheaper by Rs 5 per liter while diesel cost reduced by Rs 10 per liter. Some states had also reduced VAT that further helped reducing petrol, diesel prices.
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India's fuel sales rise above pre-Covid levels; petrol at all-time high
Business | Apr 11, 2022, 03:47 PM ISTDiesel consumption was higher due to strong demand from agriculture sector as well as stocking up by consumers and petrol pumps in anticipation of a price hike.
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Fuel rates remain unchanged: Know how much tax do you pay on petrol and diesel above Rs 100
Business | Apr 09, 2022, 02:58 PM ISTPetrol and diesel prices have constantly headed north over the past few days but it seems to have settled for now as fuel charges remain unchanged for three straight days.
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Petrol, diesel prices costlier by Rs 8 per litre in 13 days
News | Apr 03, 2022, 12:49 PM ISTPetrol and diesel prices continued to rise as both fuels cost 80 paise per litre higher than the previous day. In the national capital, petrol stood at Rs 103.41 per litre and diesel costed Rs 94.67 per litre.
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Petrol, diesel prices hiked again; get costlier by Rs 7.20 per litre in 12 days
News | Apr 02, 2022, 12:16 PM ISTFuel prices are on a significant rise in metro cities including Delhi, Mumbai, and Kolkata. On Saturday, the national capital saw a rise of more than 80 paise as petrol stood at Rs 102.61 per litre and diesel at Rs 93.87 per litre. In Mumbai, the petrol and diesel prices per litre stood at Rs 117.57 and Rs 101.79, respectively (increased by 85 paise).
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Sri Lanka crisis: 45 arrested after violent protest near President's residence
World | Apr 01, 2022, 11:45 AM ISTA foreign exchange crunch in Sri Lanka has led to a shortage of essential goods such as fuel. cooking gas, and power cuts that last up to 13 hours a day.