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Petrol Prices

Crude Oil.

Crude Oil Prices At Seven-Month Low But No Change In Petrol, Diesel Prices In India

International benchmark Brent crude fell below $90 per barrel last week for the first time since early February as recession fears weigh on demand. It has since recovered and is trading at $92.84 per barrel, the lowest in...

11 September 2022

IOC, HPCL, BPCL Post Rs 18,480 Cr Loss In Q1 On Holding Petrol, Diesel Prices

According to stock exchange filings by the three fuel retailers, the losses were due to erosion in the marketing margin on petrol, diesel and domestic LPG


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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...


Crude Oil.

Crude Oil At Six-Month Low: Petrol At Breakeven, Losses Continue On Diesel

The world's best-known crude benchmark, Brent was trading at $94.91 per barrel on Thursday after concerns of a global recession led to it slipping to a six-month low of $91.51 on the previous day

18 August 2022

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Govt Should Reduce Its Taxes On Fuel: Tamil Nadu Finance Minister

Over the last seven years, the Union government increased taxes on petrol by Rs 23.42 per litre and Rs 28.23 per litre on diesel


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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.

03 July 2022

Petrol and Diesel Prices

Petrol And Diesel Price Today: Fuel Prices Remain Unchanged For 87th Consecutive Day

The prices were last revised on May 22 after the central government slashed excise duty on petrol by Rs 8 per litre, and on diesel by Rs 6 per litre

17 August 2022

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Windfall Tax On Reliance Industries, ONGC Gives Modi Fiscal Space To Push India's Growth

The oil refiners in India will now pay Rs 6 per litre on the export of petrol and aviation turbine fuel (ATF) as well as Rs 13 on the export of diesel

05 July 2022

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01 July 2022
Stock Market Update: Reliance Industries Stock Tumbles Nearly 9%; ONGC Slips 11%

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.


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...


27 May 2022
High WPI May Put Pressure On Retail Inflation: RBI

High WPI May Put Pressure On Retail Inflation: RBI

In its annual report, the RBI said that the cost-push pressures from high industrial raw material prices, transportation costs and global logistics, and supply...


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.


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. 


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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.


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.


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...


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.


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.


30 March 2022
Petrol, Diesel Prices Hiked By 80 Paise; Total Increase Now Stands At Rs 5.60

Petrol, Diesel Prices Hiked By 80 Paise; Total Increase Now Stands At Rs 5.60

Petrol in Delhi will now cost Rs 101.01 per litre as against Rs 100.21 previously while diesel rates have gone up from Rs 91.47 per litre to Rs 92.27.


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29 March 2022
Record Fuel Price Hike Due To Spike In Oil Prices: Nirmala Sitharaman

Record Fuel Price Hike Due To Spike In Oil Prices: Nirmala Sitharaman

Petrol and diesel prices have been hiked by Rs 4.80 per litre since March 22 -- a record increase in any eight days since the daily price revision was...


29 March 2022
Petrol Crosses Rs 100-Mark, Diesel Up 70 Paise; Seventh Hike This Month

Petrol Crosses Rs 100-Mark, Diesel Up 70 Paise; Seventh Hike This Month

Petrol in Delhi will now cost Rs 100.21 per litre as against Rs 99.41 previously while diesel rates have gone up from Rs 90.77 per litre to Rs 91.47.


27 March 2022
Petrol Price Hiked By 50 Paise, Diesel Up 55 Paise; Fifth Increase This Week

Petrol Price Hiked By 50 Paise, Diesel Up 55 Paise; Fifth Increase This Week

Petrol in Delhi will now cost Rs 99.11 per litre as against Rs 98.61 previously while diesel rates have gone up from Rs 89.87 per litre to Rs 90.42.


26 March 2022
Petrol, Diesel Prices Hiked By 80 Paise In Fourth Increase In 5 Days

Petrol, Diesel Prices Hiked By 80 Paise In Fourth Increase In 5 Days

Petrol in Delhi will now cost Rs 98.61 per litre as against Rs 97.81 previously while diesel rates have gone up from Rs 89.07 per litre to Rs 89.87


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