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The total excise duty in the last financial year was over Rs 2.39 lakh crore.
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...
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...
She also said that the BJP government has increased the price of gas cylinders that has hurt the budget of every household.
Oil prices today climbed, recouping some losses from the previous session as new data showed a rebound in Chinese and Japanese economies. In intra-day trade, Brent...
New Delhi, Oct 5 : The government proposes to implement a new floor price mechanism for gas produced from domestic fields by companies such as the...
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...
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...
Diesel prices, however, continued to remain steady for 23 days in a row, just like it was for petrol prices in July.
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...
Diesel prices across the metro cities increased on Sunday, after remaining unchanged for four consecutive days
New Delhi, July 5 : The prices of food items, including vegetables, have started to skyrocket even as the coronavirus crisis shows no sign of abating....
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...
Congress leaders and party workers stage a protest in front of the KPCC office in Bengaluru against the increase in fuel prices.
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...
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...
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...
New Delhi, Diesel has become the most expensive auto-fuel in the country overtaking petrol for the first time in a long while as the oil marketing...
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...
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...
"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,"...
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...
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....
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.
New Delhi, May 6 : The unprecedented increase in excise duty on petrol and diesel by Rs 10 and Rs 13 per litre on Tuesday may...
Higher retail price is not an option for the government at this juncture as it could push inflation.
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...
New Delhi, May 5 : The government has taken the opportunity provided by unusually low global oil prices to raise excise duty on petrol and diesel...
New York, April 23 : Wall Street’s major averages ended higher as market sentiment was lifted by waning oil concerns and the progress in a US...
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 fell on Sunday evening in CME Group trading, continuing last week’s weakness on the back of sliding demand due to the COVID-19 disease...
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...
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...
Analysts now expect demand to slump considerably during the coming months which could put crude prices closer to $20 mark soon.
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...
New Delhi, March 12 : The government could hope to get much better valuation for its share in Bharat Petroleum Corporation (BPCL), if the current trend...
New Delhi, Feb 12: Higher prices of food items such as vegetables, eggs, meat and fish, along with fuel costs, pushed India’s retail inflation during January...
New Delhi, Jan 25 : Oil futures came down sharply on fears that the spread of the deadly coronavirus in China will undercut demand for crude...
New Delhi, Nov 20 : After a rise for six consecutive days, the petrol prices did not show any increase on Wednesday and the diesel rates...
Retaliating to Rouhani's remark, the protesters shouted: "Gasoline price increased, making the impoverished poorer."
New Delhi, Nov 10 : With a rise of 45 paise per litre, petrol prices in Delhi remained above Rs 73 per litre for the third...
New Delhi, Oct 11 : International oil prices surged over 2 per cent after Iran claimed that its oil tankers had been struck with missiles off...
New Delhi/Mumbai, July 5 (IANS) Petrol and diesel prices are set to increase from Friday midnight as Finance Minister Nirmala Sitharaman announced an additional special excise...
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...
New Delhi, May 7 (IANS) Petrol and diesel prices may increase sharply soon after new government comes to power at the Centre with oil companies looking...
Mumbai, April 23 (IANS) India depends on Iran for nearly 10 per cent of its oil requirements, with the US sanction drying this source by May...
New Delhi, March 3 (IANS) Transport fuel rates continued to increase on Sunday in tandem with global crude prices, which have been rising following the implementation...
Petrol and diesel prices have increased by more than Rs 2 per litre each during January.
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...
Last week, the Indian equity indices dipped over concerns of a resurgence of US-China trade tensions and reports of crude oil supply cut.
Further, on Friday, global markets jumped significantly reflecting investors' hopes about upcoming trade talks between China and the US.
In tandem with petrol, the cost of diesel declined on Saturday across all metros in a range of 12-13 paise.
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...
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...
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...
Mumbai, Oct 10 (IANS) Global credit ratings, research and risk analysis firm Moody’s Investors Service on Tuesday said the recent reduction in excise cuts on petrol...
Mumbai, Oct 9 : Petrol and diesel prices in Mumbai are being sold at Rs 87.73 per litre (increase by Rs 0.23) and Rs 77.68 per...
Mumbai, Oct 7 : Petrol prices surged again on Sunday, days after the BJP-led Central government cut excise duty on the transportation fuel. Petrol and Diesel...
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.
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...
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...
New Delhi, Sep 17 (IANS) Domestic fuel prices continued to scale new heights on Monday, with the price of petrol nearing the psychological Rs 90 a...
Modi Govt may have been blaming the rising international crude prices for the current rise in the prices of Petrol and Diesel but anyone who is...
New Delhi, Sep 12 (IANS) The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a hike in the price for procurement of ethanol by oil...
New Delhi, Sep 12 : There is no relief in sight from the rising petrol, diesel and gas prices which are burning a hole in the...
New Delhi, Sep 7 (IANS) Domestic fuel prices witnessed the steepest hike in the year so far with around 50-paise raise on Friday across the four...
New Delhi, Sep 4 : Former Finance Minister Yashwant Sinha on Tuesday slammed the union government for unprecedented hike in prices of petrol and diesel and...
New Delhi, Sep 3 (IANS) Prices of petrol and diesel, already at unprecedented levels in the country, rose for the ninth consecutive day on Monday, even...
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...
Mumbai, Sep 2 (IANS) Escalating geo-political tensions following further trade protectionist measures, coupled with high crude oil prices and the rupee’s movement against the US dollar...
Jaipur, Aug 30 : As the diesel price in Rajasthan hit Rs 74.23 per litre on Wednesday, former Chief Minister Ashok Gehlot urged the state government...
New Delhi, Aug 29 : Hitting out at the Narendra Modi government for the rise in petroleum prices, the Congress on Tuesday said even though prices...
New Delhi, Aug 28 : Fuel prices continued to rise on Tuesday, with diesel prices rising to fresh record levels across metros and petrol crossing the...
New Delhi, Aug 27 : As diesel prices touched a record high across metro cities on Monday, the Congress said that this is the distorted and...
Mumbai, July 4: A majority of Indian and foreign investors consider that high oil prices have emerged as a significant risk to the country’s economy, Moody’s Investors...
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.
Vienna, June 23 (IANS) Oil prices surged as investors were closely watching the Organization of the Petroleum Exporting Countries (OPEC) meeting. The West Texas Intermediate for...
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...
New Delhi, July 3 : While petroleum is yet to come under the GST, since the dynamic pricing regime came into effect pan-India from last month,...
#Petrol price hiked by Rs 1.23 a litre, #diesel by 89 paise a litre.
Petrol price was on Monday cut by Rs 2.16 per litre and diesel by Rs 2.10 a litre, reversing the four week trend of rising rates....
New Delhi, May 1 : With the ongoing fluctuation in global crude oil rates, state-run Indian Oil Corp (IOC) has marginally hiked the price of transport fuels,...
New Delhi, 16, April 2017: Petrol price hiked by Rs 1.39 per litre, and diesel by Rs 1.04 per litre from Sunday, the Indian Oil Corporation...
Petrol price was Sunday night hiked by 42 paise a litre, the fourth increase in six weeks, and diesel rate was raised by Rs 1.03 a...
#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...
Petrol prices cut by Rs 1.46 a litre, diesel by Rs 1.53 per litre with effect from mid-night tonight
New Delhi, July 31 : Amid the recent fluctuation in global oil prices, state-run Indian Oil Corp (IOC) cut the price of transport fuels on Sunday...
Petrol price was on Friday cut by Rs. 2.25 a litre and diesel by 42 paise a litre, the second reduction in rates this month on...
Vienna, June 28 : The price of OPEC’s basket of 13 crudes slipped to $44.32 a barrel on Monday, compared to $44.88 on Friday, according to the...
Petrol price was raised by Rs.2.58 a litre and diesel by Rs.2.26 per litre, an announcement from Indian Oil Corporation (IOC). Petrol will cost Rs.65.60 per...
Petrol price was on Friday cut by 0.74 paise per litre, while diesel price was slashed by Rs 1.3 per litre. The revised prices will be...
Oil prices dropped as market expected that global supply exceeded the demand. The West Texas Intermediate for April delivery on Tuesday moved down 84 cents to...
The price of OPEC’s basket of thirteen crudes slipped to $35.05 a barrel on Wednesday, from $35.07 on Tuesday, according to OPEC Secretariat calculations. The OPEC...
Decrease in RSP of Petrol by Rs. 3.02/litre Diesel Hiked By Rs 1.47/Litre in Delhi (including State levies) with corresponding price revision in other States. The...
Record production in the US, weakened demand from the Eurozone and emerging economies like China and Brazil, and Iran’s entry into the international market have effectively...
Falling exports, coupled with a continuous weakness in global crude oil prices and caution over third quarter results, depressed Indian equity markets during the late-afternoon trade...
