Petrol
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IOC sold petrol at Rs 10 a litre loss, diesel at Rs 14
Business | July 31, 2022 11:45 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 | July 04, 2022 19:17 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 | July 01, 2022 14:54 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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GST Council meeting: 2-day gathering commences, Will Petrol-Diesel come under new tax regime
Business | June 28, 2022 21:15 ISTMany are hopeful that this time apart from petrol and diesel, a decision should be taken on bringing liquor under GST. However, there is no official word on these developments.
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Petrol, diesel shortage news: Oil companies quell rumours, say 'fuel supply normal'
Business | June 15, 2022 12:43 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 8:19 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 22:23 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 20:03 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 20:31 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 22:52 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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Amendments to National Policy on Biofuels will boost 'Make in India': PM Modi
India | May 18, 2022 22:16 ISTThe Union Cabinet has approved advancing the target of blending 20 per cent ethanol in petrol by 5 years to 2025-26 as well as allowing more feedstocks for the production of biofuels in a bid to cut reliance on imported oil for meeting the country's energy needs.
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Ahead of talks with IMF, will Pakistan withdraw subsidy on petroleum products?
World | May 15, 2022 7:51 ISTAs per the sources, ahead of Pakistan's talks with the International Monetary Fund (IMF) for the revival of the USD 6 billion loan programme, the Shehbaz government will abandon the fuel subsidy on Sunday, as per Geo TV.
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'Cut taxes on fuel, not liquor': Hardeep Puri slams Oppn-ruled states over high petrol,diesel prices
India | April 28, 2022 13:03 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 | April 27, 2022 16:04 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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Varanasi: Lemon, petrol being offered free with mobile accessories
India | April 21, 2022 14:37 ISTA shopkeeper in Varanasi is offering free lemons on the purchase of mobile accessories.
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Petrol, diesel to become cheaper? Modi govt considering reducing excise duty, say sources
India | April 12, 2022 16:36 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 | April 11, 2022 15:47 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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Video: Dramatic in-flight face-off between Smriti Irani and Congress leader over petrol, gas prices
India | April 10, 2022 16:43 ISTThe Union Minister told the Congress leader that she doesn't appreaciate this as passengers were trying to deboard the plane but the Congress leader was blocking the way.
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Fuel rates remain unchanged: Know how much tax do you pay on petrol and diesel above Rs 100
Business | April 09, 2022 14:58 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 hiked again; get costlier by Rs 7.20 per litre in 12 days
News | April 02, 2022 12:16 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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