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Fuel Prices

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Windfall Tax Review More Likely Than Expected After Sharp Fall In Global Crude Prices

In a surprise move, the government on July 1 slapped export duties on petrol and ATF (Rs 6 per litre or $12 per barrel) and diesel (Rs 13 a lire or $26 a barrel) and imposed a windfall tax on domestic crude production (Rs...

13 July 2022

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High Prices, Uncertainty Will Slow Growth In Gas Demand: International Energy Association

In a report published Tuesday, the Paris-based agency forecast global demand for natural gas will rise by 140 billion cubic meters between 2021 and 2025


India Faces Near-Term Challenges; Better Placed To Deal With Them: Finance Ministry Report

Near-term challenges need to be managed carefully without sacrificing the hard-earned macroeconomic stability, the Monthly Economic Review said


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Surging Gas Prices Likely Drove US Inflation To 40-Year High

Inflation at that level would make it highly likely the Federal Reserve will implement another large interest rate increase at its next meeting in two weeks. Higher rates are intended to cool consumer and business spending...

13 July 2022

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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.


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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 as its members, wrote to the Petroleum Ministry saying losses on...

19 June 2022

'Smokeless' LPG Bringing Tears To Eyes As Prices Rise 30% In One Year

LPG rates this week were hiked by Rs 50 per 14.2-kg cylinder, taking the total increase in last one year to Rs 244 or 30 per cent

09 July 2022

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Sri Lanka Hikes Fuel Prices: Petrol At All-Time High Of Rs 420, Diesel Rs 400 Per Litre

Sri Lanka on Tuesday raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country’s worst economic crisis.

24 May 2022

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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. 


17 May 2022
Low, Stable Inflation Critical For Spurring Growth: RBI Article

Low, Stable Inflation Critical For Spurring Growth: RBI Article

The article titled 'State of the Economy' notes that the Indian economy consolidated its recovery, with most constituents surpassing pre-pandemic levels of...


17 May 2022
Economy Likely To Grow 12% To 13% In Q1: ICRA

Economy Likely To Grow 12% To 13% In Q1: ICRA

Citing rising inflation worries, ICRA said the consumer price index is expected to average at 6.3-6.5 per cent this fiscal.


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.


05 May 2022
RBI Failed In Convincing Government For Supply-Side Measures To Fight Inflation, Will Work Alone Now: Sources

RBI Failed In Convincing Government For Supply-Side Measures To Fight Inflation, Will Work Alone Now: Sources

The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went...


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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.


14 April 2022
Amazon Adds 5% 'Fuel And Inflation Surcharge' To Seller Fees

Amazon Adds 5% 'Fuel And Inflation Surcharge' To Seller Fees

The Seattle-based company said on its website that the added fees, which take effect April 28, are “subject to change” and will apply to both apparel and...


12 April 2022
There's Hatred On BJP's Bulldozer: Rahul Gandhi

There's Hatred On BJP's Bulldozer: Rahul Gandhi

Congress leader Rahul Gandhi on Tuesday targeted the BJP government over the issues of price rise and unemployment.


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.


10 April 2022
Government Spends Rs 90.9 Lakh Crore On Development, Social Sector Schemes In 8 Years

Government Spends Rs 90.9 Lakh Crore On Development, Social Sector Schemes In 8 Years

Citing an RBI report, sources said that the total developmental expenditure by the central government was a whopping Rs 90,89,233 crore (Rs 90.9 lakh crore)...


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