Sunday, Aug 07, 2022
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$12 Billion Windfall For Centre From Windfall Tax On Oil Firms

$12 Billion Windfall For Centre From Windfall Tax On Oil Firms

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

05 July 2022
India's Fuel Sales Soar In June

India's Fuel Sales Soar In June

The start of the cropping season helped diesel demand register double-digit growth over the pre-pandemic period -- a record in recent years.

03 July 2022

Stock Market Update: Reliance Industries Stock Tumbles Nearly 9%; ONGC Slips 11%

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.

Govt Slaps Export Tax On Petrol, Diesel; Windfall Tax On Domestic Crude Oil

Govt Slaps Export Tax On Petrol, Diesel; Windfall Tax On Domestic Crude Oil

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

01 July 2022

First-Look Poster Of Harish Kalyan-Starrer 'Diesel' Released

The poster for Shanmugham Muthusamy's 'Diesel', starring Harish Kalyan, is out now!

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19 June 2022
Selling Diesel And Petrol At Loss Of Rs 20-25/Litre And Rs 14-18/litre: Private Retailers

Selling Diesel And Petrol At Loss Of Rs 20-25/Litre And Rs 14-18/litre: Private Retailers

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...


08 June 2022
RBI Guv Bats For Cut In State Taxes On Petrol, Diesel

RBI Guv Bats For Cut In State Taxes On Petrol, Diesel

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...


26 May 2022
BJP Exposed As It Failed To Fulfil Pre-Poll Promises: Dotasra

BJP Exposed As It Failed To Fulfil Pre-Poll Promises: Dotasra

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...


23 May 2022
Petrol Under-Recovery At Rs 13, Diesel At Rs 24; Reliance-BP Says Operations Unsustainable

Petrol Under-Recovery At Rs 13, Diesel At Rs 24; Reliance-BP Says Operations Unsustainable

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.


22 May 2022
Tax Cut On Fuel By Centre Only 'Partial', Don't Expect States To Slash Rates, Says TN FM

Tax Cut On Fuel By Centre Only 'Partial', Don't Expect States To Slash Rates, Says TN FM

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...


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22 May 2022
Being Between 'Devil And Deep Sea': Chidambaram On States' Situation After Govt's Excise Cut On Fuel

Being Between 'Devil And Deep Sea': Chidambaram On States' Situation After Govt's Excise Cut On Fuel

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.


22 May 2022
Modi Government Gave Relief To People By Reducing Excise Duty On Petrol, Diesel: Amit Shah

Modi Government Gave Relief To People By Reducing Excise Duty On Petrol, Diesel: Amit Shah

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...


21 May 2022
Centre Cuts Excise Duty On Petrol By Rs 8 Per Litre, On Diesel By Rs 6 Per Litre

Centre Cuts Excise Duty On Petrol By Rs 8 Per Litre, On Diesel By Rs 6 Per Litre

With this, petrol will be cheaper by Rs 9.5, whereas diesel will be cheaper by Rs 7. 


16 May 2022
Petrol Sales Up 14%, Diesel Sales Surge 1.8% In May

Petrol Sales Up 14%, Diesel Sales Surge 1.8% In May

April saw consumption drop due to a Rs 10 per litre hike in petrol and diesel prices after an over four-month hiatus.


07 May 2022
‘Stop Tormenting People’: Mamata Banerjee To Centre On Fuel Price Hike

‘Stop Tormenting People’: Mamata Banerjee To Centre On Fuel Price Hike

West Bengal Chief Minister Mamata Banerjee accused Centre of conducting a ‘great Indian loot’ by hiking the prices of petrol, diesel, LPG and other...


01 May 2022
Fuel Sales Growth Moderates In April On High Prices

Fuel Sales Growth Moderates In April On High Prices

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.


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28 April 2022
Why Modi Should Not Ask States To Reduce VAT On Petrol And Diesel

Why Modi Should Not Ask States To Reduce VAT On Petrol And Diesel

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...


28 April 2022
MK Stalin Hits Out At PM Modi Over Fuel Tax Cuts

MK Stalin Hits Out At PM Modi Over Fuel Tax Cuts

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...


16 April 2022
Fuel Sales Fall In April On High Prices

Fuel Sales Fall In April On High Prices

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...


11 April 2022
India's Fuel Sales Hit Three-Year High In March Amid Soaring Petrol, Diesel Prices

India's Fuel Sales Hit Three-Year High In March Amid Soaring Petrol, Diesel Prices

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.


05 April 2022
Petrol Prices Up By Only 5% As Against 50% In Developed Nations: Puri In LS

Petrol Prices Up By Only 5% As Against 50% In Developed Nations: Puri In LS

Intervening in the short duration discussion in the Upper House on 'Situation in Ukraine', the minister rejected the Opposition's charge that Operation Ganga...


05 April 2022
Petrol, Diesel Prices Hiked By 80 Paise; Total Hike Now Stands At Rs 9.20/Litre

Petrol, Diesel Prices Hiked By 80 Paise; Total Hike Now Stands At Rs 9.20/Litre

Rates have been increased across the country and vary from state to state depending upon the incidence of local taxation.


04 April 2022
Rahul Gandhi Takes A Jibe At Centre Over Rising Fuel Prices, Says It Is ‘Loot’

Rahul Gandhi Takes A Jibe At Centre Over Rising Fuel Prices, Says It Is ‘Loot’

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...


04 April 2022
Petrol, Diesel Prices Hiked By 40 Paise; Total Increase Now Stands At Rs 8.40 Per Litre

Petrol, Diesel Prices Hiked By 40 Paise; Total Increase Now Stands At Rs 8.40 Per Litre

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.


03 April 2022
‘What Did An Average Family Get In Return For Paying Huge Amount As Fuel Tax’: P Chidambaram Slams Centre Over Rising Fuel Price

‘What Did An Average Family Get In Return For Paying Huge Amount As Fuel Tax’: P Chidambaram Slams Centre Over Rising Fuel Price

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...


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