Petrol
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Petrol-diesel hoarding at home will lead to action, warns Mizoram minister
Mizoram | May 10, 2024, 11:33 PM ISTAmid disruptions in rail traffic affecting Mizoram's transportation due to issues in the Lumding-Badarpur sector of Assam, Mizoram's Minister of Food, Civil Supplies, and Consumer Affairs, B Lalchhanzova, issued a stern warning on Friday, May 10, against hoarding petroleum.
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Tripura government imposes restriction on sale of petrol, diesel, here's why
India | May 01, 2024, 08:23 PM ISTAdditional Secretary of Food and Civil Supplies Department, Nirmal Adhikari said, "In view of the supply constraint of petrol and diesel due to disruption in goods train movement to the state, it has been decided to impose restriction on sale of fuel – petrol and diesel in the state from May 1.
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Petrol, diesel prices reduced: Check new rates in your city
India | Mar 15, 2024, 10:18 AM ISTPetrol and diesel prices have been reduced by Rs 2 across the country. The new rates will be effective from March 15, 6 am onwards.
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Rajasthan cuts VAT on petrol, diesel, hikes DA of employees by 4 per cent
Rajasthan | Mar 14, 2024, 09:58 PM ISTRajasthan Chief Minister Bhajan Lal Sharma said that the reduced prices on petrol and diesel will be applicable from 6 am on Friday, March 15. Apart from Rajasthan, the Centre has also reduced petrol, diesel prices by Rs 2 across the country.
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Govt hikes windfall tax on domestically produced crude petroleum, diesel: Know all about this tax
Business | Feb 15, 2024, 09:02 PM ISTIndia introduced windfall profit taxes on July 1, 2022, aligning with a host of countries that levy taxes on the exceptional profits of energy corporations. These tax rates undergo regular review every two weeks, contingent on the average oil prices observed in the preceding fortnight.
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Oil firms losing Rs 3 per litre on diesel, profits on petrol shrink
Business | Feb 07, 2024, 06:35 PM ISTOil companies have refrained from adjusting petrol, diesel, and cooking gas prices for nearly two years, leading to losses when input costs were higher and profits when raw material prices were lower.
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India will see investment of USD 67 billion in energy sector in next 5-6 years: PM Modi
Business | Feb 06, 2024, 01:37 PM ISTIndia is the third-largest consumer of crude oil and LPG and the fourth-largest importer of LNG.
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Oil companies may slash petrol, diesel prices by Rs 5-10 next month
Business | Jan 17, 2024, 10:40 AM ISTThe companies may make a decision on slashing fuel rates by Rs 5 to Rs 10 a litre after assessing their financial results and considering the potential for future spikes in global oil prices.
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Fuel consumption rises to seven-month high in December to 20.05 million tonnes
Business | Jan 08, 2024, 09:53 PM ISTThe total consumption rose 6.2 per cent from 18.89 million metric tonnes in November compared to a growth of about 2.6 per cent in the same period a year earlier.
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Is petrol, diesel price cut happening? Oil minister Hardeep Singh Puri responds
Business | Jan 04, 2024, 10:53 AM ISTAmid the softening of the global crude oil price, there were reports that the government may make a price cut in the petrol, diesel prices in the coming days.
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Petrol, diesel sales fall in India as winter season sets in
Business | Jan 01, 2024, 06:52 PM ISTPetrol sales of the three state-owned firms, which control 90 per cent of the fuel market, fell 1.4 per cent to 2.72 million tonnes in December 2023 when compared to the year-ago period, while diesel demand dropped 7.8 per cent to 6.73 million tonnes.
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Petrol, Diesel price may be cut by up to Rs 10 in coming days, say sources
India | Dec 29, 2023, 11:04 AM ISTPetrol, Diesel Price: The government is in talks with oil companies as it mulls to reduce the price of petrol and diesel in the coming days. Crude oil prices globally have also become cheaper.
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Increasing exports, reducing imports new way ahead for patriotism, ‘swadeshi’: Gadkari
Business | Dec 24, 2023, 05:03 PM ISTThree months ago, India jumped from seventh position to third in the automobile exports sector, surpassing powerhouses like Japan.
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No petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody's
Business | Oct 08, 2023, 03:01 PM ISTThree 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.
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Customers, employees come to blows at petrol pump in Navi Mumbai's Panvel | WATCH
Maharashtra | Oct 04, 2023, 02:56 PM ISTThe two people started kicking and beating up the petrol pump employee. In a few seconds, several employees of the petrol pump gathered around and it turned into a fierce fight.
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Diesel sales fall 3 per cent in September, petrol up by 5.4 per cent
Business | Oct 02, 2023, 01:18 PM ISTConsumption 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.
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Pakistan: Islamabad, Rawalpindi may face fuel shortage after oil tankers' strike halts supply
World | Sep 19, 2023, 01:06 PM ISTThe association of oil tankers are currently holding negotiations in Karachi, and if they fail, the cities might witness a shortage of petrol and diesel.
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Rajasthan petroleum dealers announce strike, petrol pumps to remain closed today and tomorrow
Rajasthan | Sep 13, 2023, 11:42 AM ISTAll the petrol pumps will remain closed across the state from 10 am to 6 pm Wednesday and Thursday.
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Unemployment in India reaches 42-year high under Modi government, says AAP
Delhi | Sep 03, 2023, 06:24 PM ISTThe 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.
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Govt ups ethanol rate to boost production as it eyes 20% blending target by 2025
Business | Aug 30, 2023, 01:48 PM ISTEthanol is an organic compound that is produced from biomass. The reason why ethanol is blended with petrol is that it reduces vehicular emissions.