Browsing Tag
oil price
105 posts
Petrol and Diesel Price rise continues to be on pause after duty cuts
Across the country as well price of the fuel largely remained unchanged on Monday barring a few states where VAT reduction process is still on.
Trinamool, BJP blame each other for rising Fuel Prices
"The country is reeling under an unprecedented rise in fuel prices for several months now, but the BJP government is not concerned about the common people and their wellbeing,"
Protest over soaring Petrol, Diesel Prices by Youth Congress
IYC National media in-charge Rahul Rao said that this government and its ministers have no understanding of the economy.
Fuel Price Rise paused a day after reaching new highs
The 13 increases in May have taken up petrol prices by Rs 3.04 per litre in Delhi. Similarly, diesel have increased by Rs 3.59 per litre in the national capital.
Petrol, Diesel Prices Increase After a day’s Pause
New Delhi, May 18 : Under the new found preference for revising fuel prices every alternate day, the…
Petrol, Diesel Prices rise again on Sunday
Fuel prices increased on four of the six days from Monday to Wednesday, pausing on Thursday and again rising on Friday before a pause again on Saturday.
Petrol, Diesel Prices Today, May 12, 2021: Fuel prices at all-time high, up for third straight day; check prices in metro cities
Rates have been increased across the country and vary from state to state depending on the local incidence of taxation (VAT).
Oil on boil: Delhi selling petrol at Rs 90.10/L
At this price in Delhi, petrol has breached Rs 90 a litre-mark across all metros and around all major cities of the country.
Excise duty collection surges 48% in FY21 on high fuel levies
The total excise duty in the last financial year was over Rs 2.39 lakh crore.
Agriculture products to cost more due to hike in fuel prices, warns Delhi Congress
Rise in the prices of petrol and diesel will have a direct impact on the farmers, who are already protesting against the three ‘anti-farmer’ laws on the borders of Delhi for the past 45 days.
Congress slams Modi government for turning disaster into opportunity to fill its coffers
Rahul Gandhi also accused the government of "looting" people by imposing heavy taxes on fuel and alleged that this was why fuel was not brought under GST.
Sonia Gandhi slams govt over fuel price hike and farmers’ stir, says country standing at crossroads
She also said that the BJP government has increased the price of gas cylinders that has hurt the budget of every household.
Oil prices climb amid rebound in Chinese and Japanese economies
Oil prices today climbed, recouping some losses from the previous session as new data showed a rebound in…
Government mulls domestic gas floor price system to protect explorers’ margin
New Delhi, Oct 5 : The government proposes to implement a new floor price mechanism for gas produced…
Petrol price goes up again, diesel on hold
Petrol prices have now risen in 11 of the last 13 days and in the national capital it is now expensive by Rs 1.51 per litre during the period.
Petrol price rise for 6th consecutive day
Petrol prices have been on the rise for the sixth consecutive day on Tuesday, while diesel held on to its price line that it has maintained since July 30.
Petrol prices hiked 6 times in a week
Diesel prices, however, continued to remain steady for 23 days in a row, just like it was for petrol prices in July.
Diesel in Delhi to get cheaper by Rs 8.36 per litre
Bijlani told IANS that new prices will be applicable from 6 a.m. on Friday. He said, “We are expecting our business to return to normal after this reduction in next 2-3 months.”
Diesel prices rise after 4-day pause
Diesel prices across the metro cities increased on Sunday, after remaining unchanged for four consecutive days
Veggies on the rise, prices soar by up to 200%
New Delhi, July 5 : The prices of food items, including vegetables, have started to skyrocket even as…
Another hike in price of non-subsidized LPG cylinder
The price of a 19-kg LPG cylinder for commercial use has been increased from Rs 1,193.50 to Rs 1,197.50 in Kolkata, from Rs 1,087.50 to Rs 1,090.50 in Mumbai and from Rs 1,254 to Rs 1,255 in Chennai.
Congress holds cycle rally against fuel hike in Bengaluru
Congress leaders and party workers stage a protest in front of the KPCC office in Bengaluru against the increase in fuel prices.
Congress to hold nationwide protest over fuel price hike on Monday
The protest comes in the wake of the hike in the petrol and diesel prices. The price of petrol in last 21 days have gone up by Rs 9.12 for petrol and Rs 11.01 for diesel.
Petrol, diesel price rise resume after a day
Since the daily price revision resumed on June 7, petrol price has increased Rs 9.17 and diesel rose by Rs 11.14 in the national capital. In the other cities the magnitude of increase was similar.
Worst over? Petrol, diesel demand reach 89% of normal in May, June
With fuel prices revised upwards for the last three weeks starting June 7, and IOC having hiked retail prices by Rs 9-10/litre in June, the marketing situation of oil companies would once again get steadied.
Diesel burns hole in pocket, surpasses petrol in Delhi
New Delhi, Diesel has become the most expensive auto-fuel in the country overtaking petrol for the first time…
Petrol, diesel prices rise continues for 16th straight day
Prices of transportation fuel were last revised under the dynamic pricing policy on March 16 and there were few instances of price hike later only when the respective state governments hiked VAT or cess.
Diesel at record high in Delhi post Rs 8.88/l hike in 15 days
Petrol prices also have witnessed a continuous rise of 15 days and have already increased by Rs 7.97 per litre during the period. On Sunday, the fuel was sold for Rs 79.23 a litre, 35 paise higher from the previous level.
Petrol, diesel price rise continues through the fortnight
Prices of transportation fuel were last revised under the dynamic pricing policy on March 16 and there were few instances of price hike later only when the respective state governments hiked VAT or cess.
Bring petrol, diesel under GST: Congress on fuel price hike
"Prime Minister Narendra Modi-Union Home Minister Amit Shah government must immediately rollback the excise duty hike of Rs 23.78 on petrol and Rs 28.37 on diesel," he demanded.
Global oil prices fell, govt hurting common man with high fuel taxes: Kapil Sibal
Instead of passing the benefit of lower crude prices to consumers, petrol and diesel prices were hiked for the seventh straight day on June 13, said Kapil Sibal
Petrol, diesel prices rise for sixth consecutive day
New Delhi: Fuel prices were hiked for the sixth consecutive day since oil companies restarted revising prices in line with costs, after ending an 82-day hiatus. While petrol price was hiked by 57 pais
Fuel prices may rise by Rs 5/litre after daily revision restarts
The oil market has turned the tables this month gaining over 50 per cent from last month's prices, hovering over $30 a barrel now.
COVID-19 disruption may push Centre to further hike duty on petrol, diesel
New Delhi, May 6 : The unprecedented increase in excise duty on petrol and diesel by Rs 10…
Covid-19 disruptions may further spike duty on petrol, diesel after Tuesday’s unprecedented hike
Higher retail price is not an option for the government at this juncture as it could push inflation.
Tax now forms 70% of petrol, diesel prices
Together with central and state taxes, freight, dealers commission the petrol on Wednesday is priced at Rs 71.26 a litre in Delhi while diesel's current selling price stands at Rs 69.39 a litre.
Centre raises excise duty on petrol, diesel by historic levels
New Delhi, May 5 : The government has taken the opportunity provided by unusually low global oil prices…
Wall Street rallies amid recovery attempts in oil, stimulus hopes
New York, April 23 : Wall Street’s major averages ended higher as market sentiment was lifted by waning…
US to add 75mn barrels of oil to strategic petroleum reserve
As of Friday, the SPR held 635 million barrels of crude oil, including 384.7 million barrels of sour crude and 250.3 million barrels of sweet crude.
Crude oil futures drop at open of Asian trading
Crude oil futures fell on Sunday evening in CME Group trading, continuing last week’s weakness on the back…
Govt amends law to get powers to raise excise duty on petrol, diesel by Rs 8/l in future
The government had on March 14 raised excise duty on petrol and diesel by Rs 3 per litre each to raise an additional Rs 39,000 crore in revenue annually.
Government may increase duty on petrol, diesel again to fight outbreak
On Saturday, the government had raised excise duty on petrol and diesel by Rs 3 per litre that would provide it additional revenue to the turn of Rs 45,000 crore in one full year.
Oil prices slump, WTI at lowest level since 2002
Analysts now expect demand to slump considerably during the coming months which could put crude prices closer to $20 mark soon.
Duty up on petrol & diesel; consumers may be spared from big price hike
Additionally, road and infrastructure cess on the two products has also been raised by Rs 1 per litre to Rs 10 per litre, effectively increasing the central duty on petrol and diesel to Rs 3 per litre. The new rates are effective from March 14.
Low crude rates to boost valuation of govt share in BPCL
New Delhi, March 12 : The government could hope to get much better valuation for its share in…
High food, fuel prices push Jan retail inflation to 7.59%
New Delhi, Feb 12: Higher prices of food items such as vegetables, eggs, meat and fish, along with…
Brent lowest in 7 weeks amid nCoV concern in China
New Delhi, Jan 25 : Oil futures came down sharply on fears that the spread of the deadly…
Break in surge of petrol price after 6 days
New Delhi, Nov 20 : After a rise for six consecutive days, the petrol prices did not show…
Protests erupt in Iran over fuel price hike
Retaliating to Rouhani's remark, the protesters shouted: "Gasoline price increased, making the impoverished poorer."
Petrol prices above Rs 73/litre for 3rd consecutive day
New Delhi, Nov 10 : With a rise of 45 paise per litre, petrol prices in Delhi remained…
Brent jumps 2% after strike on Iran’s oil tankers
New Delhi, Oct 11 : International oil prices surged over 2 per cent after Iran claimed that its…
Petrol, diesel prices to go up at midnight
New Delhi/Mumbai, July 5 (IANS) Petrol and diesel prices are set to increase from Friday midnight as Finance…
Oil prices jump nearly 4% over attack on oil tankers
As a result of attack on oil tankers, the rupee also lost 16 paise to close at Rs 69.51 per dollar from its previous close of 69.35.
Post-poll: Brace for up to Rs 5 and Rs 3 per litre raise in petrol, diesel prices
New Delhi, May 7 (IANS) Petrol and diesel prices may increase sharply soon after new government comes to…
India faces challenge to replace Iran oil: Report
Mumbai, April 23 (IANS) India depends on Iran for nearly 10 per cent of its oil requirements, with…
Petrol, diesel prices go up on Sunday
New Delhi, March 3 (IANS) Transport fuel rates continued to increase on Sunday in tandem with global crude…
Petrol, diesel see big price hikes on Sunday
Petrol and diesel prices have increased by more than Rs 2 per litre each during January.
Petrol prices increase after 2 months
The cost of petrol increased by 11 paise and 13 paise in Mumbai and Chennai respectively from Wednesday's levels, to Rs 75.91 and Rs 72.94 per litre.
Election results, oil prices to direct equity indices movements – Market Outlook
Last week, the Indian equity indices dipped over concerns of a resurgence of US-China trade tensions and reports of crude oil supply cut.
Equity indices post sharp gains on lower crude prices
Further, on Friday, global markets jumped significantly reflecting investors' hopes about upcoming trade talks between China and the US.
Petrol, diesel prices down for 3rd consecutive day
In tandem with petrol, the cost of diesel declined on Saturday across all metros in a range of 12-13 paise.
Fuel prices: Modi resorting to poll gimmicks, says Congress
He said measures are not being taken to provide relief to people and demanded that petrol and diesel should be brought under the Goods and Services Tax (GST).
Fuel prices continue to rise, Modi to meet oil company heads
Similarly, petrol prices in Mumbai, Kolkata and Chennai also rose on Sunday -- to Rs 88.18 in Mumbai, Rs 84.54 in Kolkata and Rs 85.99 per litre in Chennai
Lower oil prices, rupee propel markets out of downtrend
The past week saw NSE Nifty50 fall to a six months' low of 10,138 points led by outflows from debt and equity markets by foreign portfolio investors.
Fuel excise cuts to create downside risks to fiscal deficit target: Moody’s
Mumbai, Oct 10 (IANS) Global credit ratings, research and risk analysis firm Moody’s Investors Service on Tuesday said…
No respite for common man as fuel prices rise again
Mumbai, Oct 9 : Petrol and diesel prices in Mumbai are being sold at Rs 87.73 per litre…
Petrol Price hiked in Mumbai and Delhi
Mumbai, Oct 7 : Petrol prices surged again on Sunday, days after the BJP-led Central government cut excise…
Petrol costlier across metros; climbs to Rs 87.15 in Mumbai
As per the data, the fuel was priced at Rs 87.15 in Mumbai, Rs 83.52 in Kolkata and Rs 84.89 per litre in Chennai.
Bring oil back to 2014 prices, Congress dares Modi
This price reduction is a panic reaction. If the government is serious, it should have withdrawn the excise hike of 211 per cent on petrol and 443 per cent on diesel levied since May 2014.
IGL hikes CNG, PNG prices; small rise in subsidised LPG
State-run oil marketer, Indian Oil Corporation (IOC), on Sunday also announced a marginal increase of Rs 2.89 per cylinder in the price of subsidised LPG cylinder for domestic customers in Delhi for October.
Petrol nears Rs 90/litre in Mumbai, over Rs 82 in Delhi
New Delhi, Sep 17 (IANS) Domestic fuel prices continued to scale new heights on Monday, with the price…
Petro Shock: Anatomy of Petroleum Prices
Modi Govt may have been blaming the rising international crude prices for the current rise in the prices…
Cabinet hikes ethanol prices by over Rs 5/litre to Rs 52.43
New Delhi, Sep 12 (IANS) The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a hike in…
No relief in sight from rising oil prices
New Delhi, Sep 12 : There is no relief in sight from the rising petrol, diesel and gas…
Fuel prices register steepest daily hike, up 50 paise/litre
New Delhi, Sep 7 (IANS) Domestic fuel prices witnessed the steepest hike in the year so far with…
Yashwant Sinha slams government for hike in petrol, diesel prices
New Delhi, Sep 4 : Former Finance Minister Yashwant Sinha on Tuesday slammed the union government for unprecedented…
Petrol, diesel prices hit new highs, rise for 9th consecutive day
New Delhi, Sep 3 (IANS) Prices of petrol and diesel, already at unprecedented levels in the country, rose…
Bring petrol, diesel under GST immediately: Chidambaram
The Centre blaming the states is a spurious argument. BJP forgets its boast that BJP is ruling 19 States. Centre and states must act together and bring petrol and diesel under GST.
Rupee movement, trade tensions to set course of equity indices
Mumbai, Sep 2 (IANS) Escalating geo-political tensions following further trade protectionist measures, coupled with high crude oil prices…
Gehlot urges Raje government to reduce taxes on diesel
Jaipur, Aug 30 : As the diesel price in Rajasthan hit Rs 74.23 per litre on Wednesday, former…
Congress flays government over excise duty on petroleum products
New Delhi, Aug 29 : Hitting out at the Narendra Modi government for the rise in petroleum prices,…
Diesel prices hit all-time high; petrol Rs 78.05/litre in Delhi
New Delhi, Aug 28 : Fuel prices continued to rise on Tuesday, with diesel prices rising to fresh…
Stop giving excuse on fuel prices, Congress tells Centre
New Delhi, Aug 27 : As diesel prices touched a record high across metro cities on Monday, the…
Oil price biggest risk for Indian economy: Moody’s survey
Mumbai, July 4: A majority of Indian and foreign investors consider that high oil prices have emerged as a…
US Sanctions against Iran to push oil prices to $90 a barrel – analysts
Washington's tough stance against the Islamic Republic, along with reported declines in US stockpiles, has already driven American crude prices to the highest level since 2014.
Oil prices rally after OPEC meeting
Vienna, June 23 (IANS) Oil prices surged as investors were closely watching the Organization of the Petroleum Exporting…
High oil prices, trade deficit widen India’s current account deficit
According to the RBI data, the CAD for last fiscal widened to 1.9 per cent of the GDP (Gross Domestic Product) from 0.6 per cent in 2016-17.
Petrol cheaper by over Rs 2/litre, diesel by Re 1 since daily revision
New Delhi, July 3 : While petroleum is yet to come under the GST, since the dynamic pricing…
Petrol price hiked by Rs 1.23 a litre, diesel by 89 paise a litre
#Petrol price hiked by Rs 1.23 a litre, #diesel by 89 paise a litre.
Petrol price cut by Rs 2.16 a litre, diesel by Rs 2.10
Petrol price was on Monday cut by Rs 2.16 per litre and diesel by Rs 2.10 a litre,…
Petrol hiked by 1 paisa a litre, diesel by 44 paise
New Delhi, May 1 : With the ongoing fluctuation in global crude oil rates, state-run Indian Oil Corp (IOC)…
Petrol price hiked by Rs 1.39 per litre, and diesel by Rs 1.04 per litre
New Delhi, 16, April 2017: Petrol price hiked by Rs 1.39 per litre, and diesel by Rs 1.04…
Petrol price up by 42 paise, diesel by Rs 1.03 a litre
Petrol price was Sunday night hiked by 42 paise a litre, the fourth increase in six weeks, and…
Petrol price hiked by Rs 2.21 per litre, diesel by Rs 1.79 a litre, excluding state levies.
#Petrol price hiked by Rs 2.21 per litre, #diesel by Rs 1.79 a litre, excluding state levies. Petrol…
Petrol prices cut by Rs 1.46 a litre, diesel by Rs 1.53 per litre
Petrol prices cut by Rs 1.46 a litre, diesel by Rs 1.53 per litre with effect from mid-night…
Petrol cut by Rs 1.42 a litre, diesel by Rs 2.01
New Delhi, July 31 : Amid the recent fluctuation in global oil prices, state-run Indian Oil Corp (IOC)…
Decrease in Petrol & Diesel Price after Crude Oil dip
Petrol price was on Friday cut by Rs. 2.25 a litre and diesel by 42 paise a litre,…
OPEC daily basket price closes lower
Vienna, June 28 : The price of OPEC’s basket of 13 crudes slipped to $44.32 a barrel on Monday,…
Petrol hiked by Rs.2.58 a litre, Diesel by Rs.2.26
Petrol price was raised by Rs.2.58 a litre and diesel by Rs.2.26 per litre, an announcement from Indian…
Petrol price slashed by Rs 0.74, diesel by Rs 1.30 a litre
Petrol price was on Friday cut by 0.74 paise per litre, while diesel price was slashed by Rs…
Oil prices drop amid ample supply
Oil prices dropped as market expected that global supply exceeded the demand. The West Texas Intermediate for April…
OPEC daily basket price closes lower
The price of OPEC’s basket of thirteen crudes slipped to $35.05 a barrel on Wednesday, from $35.07 on…
Decrease in RSP of Petrol by Rs. 3.02/litre Diesel Hiked By Rs 1.47/Litre
Decrease in RSP of Petrol by Rs. 3.02/litre Diesel Hiked By Rs 1.47/Litre in Delhi (including State levies)…
Why 75 percent drop in global oil prices isn’t reaching you
Record production in the US, weakened demand from the Eurozone and emerging economies like China and Brazil, and…
Falling exports and oil prices subdue markets
Falling exports, coupled with a continuous weakness in global crude oil prices and caution over third quarter results,…