On July 1, the government imposed windfall gain taxes on the export of petrol, diesel and aviation turbine fuel (ATF), and on the domestic production of crude oil
The start of the cropping season helped diesel demand register double-digit growth over the pre-pandemic period -- a record in recent years.
Shares of Reliance Industries fell 8.65 per cent to Rs 2,369.45 apiece on the BSE. It was the biggest drag among the Sensex firms in morning trade.
The tax on exports follows oil refiners, particularly the private sector, reaping huge gains from exporting fuel to markets such as Europe and the US
The poster for Shanmugham Muthusamy's 'Diesel', starring Harish Kalyan, is out now!
On June 10, the Federation of Indian Petroleum Industry (FIPI), which besides private fuel retailers also counts state-owned firms such as IOC, BPCL and HPCL...
The central government had on May 21 cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 to give relief to consumers battered by...
The prices of petrol, diesel and cooking gas are very high. All the essential commodities including textiles, pulses and edible oil have become out of reach...
As of May 16, 2022, net under-recoveries in the industry were Rs 13.08 per litre for petrol and Rs 24.09 per litre for diesel.
Thiagarajan further said it was 'heartening' to note the Centre has "finally heeded to the repeated requests of the Tamil Nadu Government to reduce the taxes...
The states are getting very little by way of share of duties on petrol and diesel, he said, noting that their revenue is from VAT on petrol and diesel.
Union Home Minister Amit Shah welcomed the decision to reduce excise duty on petrol and diesel and said that Modi government has given a huge relief to the...
With this, petrol will be cheaper by Rs 9.5, whereas diesel will be cheaper by Rs 7.
April saw consumption drop due to a Rs 10 per litre hike in petrol and diesel prices after an over four-month hiatus.
West Bengal Chief Minister Mamata Banerjee accused Centre of conducting a ‘great Indian loot’ by hiking the prices of petrol, diesel, LPG and other...
Petrol sales growth moderated to 2.1 per cent in April when compared with the same period in the preceding month, while diesel demand was almost flat.
In a virtual interaction with chief ministers on Wednesday, the Prime Minister pointed out that many states had not heeded the advice of the Centre to bring...
Tamil Nadu CM MK Stalin said whenever international crude rates dipped, the BJP government did not pass on the benefit to the customers, but only pocketed the...
Petrol sales fell almost 10 per cent in the first half of April when compared with the same period in the preceding month, while diesel demand slid 15.6 per...
The demand for petrol in FY22 was the highest ever while the diesel sales were the highest since 82.6 million tonnes of consumption in 2019-20.
Intervening in the short duration discussion in the Upper House on 'Situation in Ukraine', the minister rejected the Opposition's charge that Operation Ganga...
Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation.
Fuel Price Hike: Petrol and diesel prices were on Monday hiked by 40 paise a litre each, taking the total increase in rates in the last two weeks to Rs 8.40...
Petrol in Delhi will now cost Rs 103.81 per litre as against Rs 103.41 previously, while diesel rates have gone up from Rs 94.67 per litre to Rs 95.07.
Congress leader P Chidambaram said that in the eight years of the Prime Minister Narendra Modi led government, the central government collected Rs 26,51,919...
