Chandigarh: The Punjab government on Monday slashed the rates of petrol and diesel by Rs 5 and Re 1, respectively in the annual budget presented for the state. The reduced rates will be applicable from midnight, Finance Minister Manpreet Singh Badal said. “Starting midnight (today), petrol and diesel will be[Read More…]
Tag: Petrol
Petrol prices up 19 paise/litre, diesel by 28 paise as global crude rates rise
New Delhi, Following a rise in global crude oil prices, transport fuel rates were hiked on Friday for the third time this month after a prolonged period of fall in petrol and diesel prices. As per data from state-run Indian Oil Corp, petrol prices rose by 19 paise per litre[Read More…]
Petrol, diesel price likely to go up as government plans to increase excise duty
New Delhi: As per reports the Central government led by PM Modi is planning to increase the excise duty by two rupees in a day or two which can cause a sudden increase in petrol-diesel price. The excise duty was reduced by one rupee in October by the central government[Read More…]
Fuel price: Petrol, diesel rate continues to dip for the sixth straight day
Petrol, diesel prices witnessed further reduction for the sixth straight day on Tuesday bringing relief to consumers from never-ending fuel rate hikes. The petrol in Delhi came down by Rs 0.10 and was revised to Rs 81.34 per litre, where as, in Mumbai, petrol price came down to Rs 0.10[Read More…]
First time in India: Diesel soars above petrol in Odisha
Odisha sets a national record with unending fuel price surge as the diesel becomes costlier than petrol. It’s first ever in the country that the diesel on Sunday was sold at Rs 80.69 per litre while petrol was sold at Rs 80.57 per litre. The diesel price rose 12 paise[Read More…]
Petrol, diesel prices down for fourth successive day
New Delhi: State-run oil marketing companies (OMCs) cut the prices of key domestic transport fuels — petrol and diesel — for the fourth consecutive day on Sunday on lower global crude oil prices. According to the IndianOil Corp data, petrol was priced at Rs 81.74 per litre in the national[Read More…]
Petrol, diesel prices down for 3rd consecutive day
Mumbai: The state-run oil marketing companies (OMCs) cut the prices of key domestic transportation fuels — petrol and diesel — for the third consecutive day on Saturday. The prices of petrol and diesel were lowered in the national capital by 39 and 12 paise respectively. According to the IndianOil Corp[Read More…]
Fuel excise cuts to create downside risks to fiscal deficit target: Moody’s
Mumbai: Global credit ratings, research and risk analysis firm Moody’s Investors Service on Tuesday said the recent reduction in excise cuts on petrol and diesel will “create material downside risks” to the central government’s fiscal deficit target. According to a Moody’s note, the excise cuts will reduce government revenue by[Read More…]
Petrol, diesel prices not discussed: Jaitley after GST Council meet
New Delhi: Finance Minister Arun Jaitley on Friday parried questions on whether the government was considering a cut in taxes on imported crude to bring down the prices of petrol and diesel. “It was not in the agenda,” he said at a media briefing to a question on whether the[Read More…]
Fuel on Fire: Petrol crosses Rs 92, diesel breaches Rs 90 mark in Maharashtra
Petrol retail rates finally breached the Rs 90 mark in Mumbai by touching Rs 90.08 per litre here on Monday, but stood much higher elsewhere in the state, industry officials said. Federation of Maharashtra Petroleum Dealers Association (FAMPEDA) President Uday Lodh said that the new rate became effective after a[Read More…]
Fuel price hike: Petrol rises to Rs 89.97 in Mumbai, diesel up again
As transport fuel prices continued their upward run across the metros, petrol was selling three paise short of the psychological Rs 90 per litre mark in Mumbai at Rs 89.97 on Sunday. The price of diesel also continued to scale new highs on Sunday under India’s dynamic pricing regime, after[Read More…]
Fuel price hike continues: Petrol touches new highs, diesel unchanged
Petrol prices climbed fresh highs on Thursday across the four metros, while diesel prices were unchanged for the second consecutive day. In the national capital, petrol was sold at Rs 82.22 per litre, up from Rs 82.16 per litre on Wednesday, data on the Indian Oil Corp’s website showed. Petrol[Read More…]
Petrol nears Rs 90/litre in Mumbai, over Rs 82 in Delhi
Domestic fuel prices continued to scale new heights on Monday, with the price of petrol nearing the psychological Rs 90 a litre-mark in Mumbai with the fuel selling at Rs 89.44 under the dynamic pricing regime. As per rates released daily by state-run Indian Oil Corp, the depreciating rupee and[Read More…]
Tamil Nadu: Groom receives 5 litres petrol as wedding gift
With fuel prices skyrocketing from past few weeks, Tamil Nadu is no stranger to the same fury, where petrol and diesel prices are Rs 85.15 per litre and Rs 77.94 per litre. Making the best use of current market values, a group of friends decided to give 5 litres of[Read More…]
Petrol hits a record at Rs 89/litre in Mumbai
Fuel prices in the country hit a new benchmark on Saturday with the price of petrol in Mumbai touching Rs 89 per litre, for the first time ever. It was priced at Rs 89.01 in the financial capital of the country, up from Rs 88.67 per litre on Friday, data[Read More…]
Fuel prices can’t rise above Rs 99.99 as machines can’t display 100
Petrol users across the nation have been doing a sarcastic roll over the everyday hiking fuel prices. While the consumer had just started of howling with the joke that this time the prices might hit a century, prices have already breached the Rs 100/litre mark. The price of Octane quality[Read More…]
Andhra Pradesh announces Rs 2 cut in tax on petrol, diesel
As fuel prices continued the upward spiral, the Andhra Pradesh government Monday announced a reduction of tax on petrol and diesel by Rs 2 a litre. Making the announcement in the state assembly, Chief Minister N Chandrababu Naidu said the Centre earned a huge sum by hiking levies on fuel but[Read More…]
Petrol reaches almost 90 in Maharashtra’s Parbhani
Parbhani (Maharashtra): Petrol prices on Monday shot up to Rs 89.97 in Maharashtra’s Parbhani, the highest in India, an official said. Parbhani District Petrol Dealers Association (PDPDA) President Sanjay Deshmukh told IANS that while petrol was nearly touching the psychological barrier of Rs 90 per liter (at Rs 89.97), diesel prices stood at Rs 77.92 on Monday. The other highest[Read More…]
‘Centre increased excise duty 12 times on petrol, diesel’
Congress leaders Sunday urged the people of Gujarat to make Monday’s Bharat bandh a success and accused the Centre of revising excise duty on petrol and diesel twelve times leading to a sharp spike in their prices. The BJP-led Union government pocketed Rs 11 lakh crore from the public by raising taxes on fuel and not including petrol and diesel under GST, Congress leaders Sushil Kumar[Read More…]
Petrol, Diesel may soon become cheaper in Punjab, Karnataka
Petrol and diesel may soon become cheaper in Punjab and Karnataka, the All India CongressCommittee (AICC) in-charge for Himachal Pradesh Rajni Patil said here Sunday. Responding to a question, Patil said the chief ministers of Congress ruled Punjab and Karnatakahave already been directed to reduce value added tax (VAT) on petroleum products. Patil, accompanied by Himachal Pradesh Congress Committee (HPCC) president Sukhvinder[Read More…]
Petrol costlier in India than US, Pakistan and Sri Lanka
Petrol in India costs more than it does in the US as well as neighbouring Pakistan and Sri Lanka, but is cheaper than in Europe. Diesel rates, on the other hand, are the cheapest in India. Petrol in the national capital costs Rs 68.46 per litre as compared with Rs[Read More…]
Congress wants explanation from PM Modi over record-high fuel prices
Congress on Friday demanded that Prime Minister Narendra Modi must break his silence on rising fuel prices and falling value of the rupee against the dollar and said: “he owes an explanation to the country in this gloomy scenario”. “When the value of the rupee was at Rs 60 to a dollar, the Prime Minister had[Read More…]
Fuel prices register steepest daily hike, up 50 paise per litre
Domestic fuel prices witnessed the steepest hike in the year so far with around 50-paise raise on Friday across the four metro cities. Both petrol and diesel prices have been at their all-time high in the country for around a week now, due to increase in crude oil prices and depreciation in the rupee against the dollar. The weakening of[Read More…]
BJP supporters indulge into cat-fight among themselves over rising petrol prices under Modi governance
While the nation faces the fury of rising Rupee mark and increasing petrol prices in the Modi-led BJP governance, two of the party supporters – Sanju Verma and Sonam Mahajan – get into a heated argument among themselves on national television, debating over the failure or success of Narendra Modi’s[Read More…]
Fuel prices hit record high for 10th consecutive day
The prices of petrol and diesel, already at unprecedented levels in the country, rose for the 10th consecutive day on Tuesday, even as analysts said the dual impact of rising oil prices and depreciating rupee increases regulatory risks for state-run oil and gas firms. In the national capital, petrol was[Read More…]