Fuel prices continued to rise for the sixth consecutive day on Friday, with petrol and diesel prices touching new highs in Delhi, Kolkata and Chennai. As per the prices announced under the daily dynamic pricing regime by the state-run Indian Oil Corporation (IOC), fuel prices continued to rise across the country on[Read More…]
Tag: Petrol
Congress flays Modi govt over excise duty on petroleum products
Hitting out at the Narendra Modi government for the rise in petroleum prices, the Congress on Tuesday said even though prices of petroleum products across the world have gone down with the international prices declining, excise duties have been increased many times. “During the UPA government, the international crude oil prices were double the present rates, but our excise duties were much lower. “Now[Read More…]
Diesel prices at record level; petrol nears all-time high
Diesel prices touched record high levels across metro cities on Monday, barring Mumbai, and prices of petrol too inched nearer their all-time peak across major cities. In the national capital, diesel was priced at Rs 69.46 per litre, against the previous high of Rs 69.32 recorded on Sunday, according to[Read More…]
Mandatory to put Modi hoardings at petrol pumps, refusal receives ‘no supply’ threat
Several petrol pumps have been asked to display the picture of Prime Minister Narendra Modi in retail outlets, ahead of the 2019 General Assembly elections; and those who refused to put up the hoarding at their petrol stations received threats of blocking of fuel supplies. The suggested displays includes one[Read More…]
India sells Petrol at Rs 34 litre to 15 countries, but double price to Indians: RTI Report
Through an RTI report, RTI activist from Punjab, Rohit Sabrawal revealed that India is selling Rs 34 per litre Petrol to 15 countries and Rs 37 per litre diesel to 29 countries while Indian citizens have been availing the same Petrol and diesel for more than double the price. In[Read More…]
Delhi: Petrol price reaches Rs 77 per litre, diesel Rs 68.50 after two months
Due to firming international rates, Petrol prices have reached the mark of Rs 77 per litre, while diesel rates crossed Rs 68.50 for the first time in two months. According to daily price notification issued by state-owned oil firm, petrol price in Delhi was today hiked by 9 paisa a[Read More…]
Sushil Modi rules out bringing petrol, diesel under GST
New Delhi: GST Council Member and Bihar Deputy Chief Minister Sushil Modi on Friday outright ruled out bringing petroleum products under the ambit of Goods and Services Tax (GST) in near future, citing loss of revenue both to central and state governments. He added there was no consensus in the[Read More…]
With 90% tax on petrol & diesel, bringing them under GST impractical: NITI Aayog Vice Chairman
New Delhi: Petroleum is the taxation milch cow for the central and the state governments and it is unlikely to be brought under the Goods and Services Tax (GST) any time soon. That’s also the view of the Vice Chairman of Niti Aayog, Rajiv Kumar. Several senior ministers have demanded[Read More…]
Petrol, diesel prices fall 9 paise on Saturday
New Delhi: Prices of petrol and diesel fell around nine paise in the four metro cities on Saturday. In the national capital, petrol was sold at Rs 78.20 per litre, down from Rs 78.29 on Friday, data on the Indian Oil Corp’s website showed. In Mumbai and Chennai, petrol prices[Read More…]
Up for 15th straight day, petrol crosses Rs 86 a litre in Mumbai
New Delhi: The petrol price in the country’s financial capital breached the Rs 86-a-litre mark on Monday as fuel prices across the country increased for the 15th day in a row after the resumption of the dynamic pricing system on May 14. Petrol was sold at Rs 86.08 per litre[Read More…]
Petrol almost Rs 85 a litre in Mumbai, crosses Rs 80 in Chennai
New Delhi: The petrol price in India’s financial capital Mumbai touched Rs 84.99 a litre on Wednesday. Petrol prices in Mumbai, Delhi and Chennai have already reached unprecedented levels, and are now setting a new benchmark every other day. In Chennai, price of the fuel breached the Rs 80 a[Read More…]
Petrol, diesel in Delhi hit record highs
State-run Indian Oil Corp on Sunday raised transport fuel to record highs in Delhi on the seventh day of resuming the daily price change system, following a temporary suspension that lasted 20 days. The price of petrol in Delhi touched a record high of Rs 76.24 per litre under the dynamic pricing regime beating the previous[Read More…]
Petrol price at Rs 74.50 a litre in Delhi, highest since September 2013
New Delhi: Petrol prices rose for the fifth consecutive day on Monday to Rs 74.50 per litre in New Delhi, even as global crude oil cost dipped somewhat due to international factors. According to the data on IndianOil Corp’s website, petrol price in New Delhi was the highest in nearly five[Read More…]
After Maharashtra and Gujarat, Madhya Pradesh slashes VAT on petrol by 3 %
Following the lead of Maharashtra and Gujarat, the Madhya Pradesh Government on Friday slashed the Value-Added Tax (VAT) on prices of petrol by 3 % and diesel by 5 %. An additional Rs. 1.50 have also been reduced on the same. Earlier the Centre had announced that the excise duty[Read More…]
VAT on petrol, diesel lower in Bihar than many states: CM Nitish Kumar
Bihar chief minister, Nitish Kumar, on Monday said the state’s Value-Added Tax (VAT) on fuel is the lowest among many states. His statement comes after union petroleum and natural gas minister, Dharmendra Pradhan, appealed the state governments to cut the VAT on petroleum products by five %. “Bihar’s Value-added tax[Read More…]
Fuel rates continue to skyrocket in India
The prices of petrol and diesel have been skyrocketing since July in the country. The petrol price has increased by 8 paise a litre and diesel by 10 paise per litre. In the national capital, the price of petrol has risen by Rs 7.29 since 1 July. The fuel prices[Read More…]
Differential pricing in fuel evokes mixed reactions on social media
Indian Oil Corporation on Thursday that the prices of petrol and diesel will be revised on a daily basis from June 16th all over the country. In a statement, it said, that all public sector oil companies, including IOC, Hindustan Petroleum Corporation and Bharat Petroleum, will implement the decision. However, it is[Read More…]
Sri Lanka to go ahead with oil deal with India
Home delivery of petrol, diesel possible says Oil Ministry
To tackle the problem of waiting for hours at fuel pumps, the government is planning home delivery petrol and diesel to consumers if they pre-book, the Ministry of Petroleum and Natural Gas tweeted on Friday. The oil ministry also pointed towards the increase in digital transactions for fuel purchase. “Over[Read More…]
Dynamic Petrol, diesel prices from May 1
What is killing Diesel Cars in India?
The popularity of petrol-powered cars over diesel is growing day by day. According to ET Auto, only 27 per cent of the total passenger vehicles sold in India during April 2016 to September 2016 was powered by diesel engines. This figure was close to 47 per cent four years back.[Read More…]
Petrol price hiked by Rs 1.29 a litre, diesel by 97 paise
Petrol price was on Sunday hiked by Rs 1.29 a litre while diesel rate was raised by 97 paise a litre. This is the third increase in just a month for petrol while, the second hike for diesel in a fortnight. The actual hike after considering VAT would be Rs[Read More…]
Yet another blow! Petrol price hiked by Rs 2.21 per litre, Diesel by Rs 1.79 per litre
The government on Friday hiked the prices of petrol and diesel by Rs 2.21 per litre and Rs 1.79 a litre respectively. The increased prices, which are effective from Friday midnight, exclude charges levied by each state. This comes hours after oil companies deferred a planned Rs 2.26 a litre[Read More…]
Petrol costlier by ₹1.34 a litre, diesel by ₹2.37
The government on Saturday hiked the petrol price by ₹1.34 a litre, the fifth increase in two months, and diesel by ₹2.37 a litre in wake of spike in global rates. The hike announced by oil companies is excluding state levies. After including local VAT, petrol will now cost ₹66.05[Read More…]