Page 2 - Diesel

Two trains with petrol, diesel head to Tripura on Saturday amid fuel crisis

Two trains with petrol and diesel headed to Tripura on Saturday amid a fuel crisis due to disruption in railway freight services in Assam's Dima Hasao, an official said. Goods train services have been disrupted on the line since April 26, following the derailment of a freight train in Jatinga area of Dima Hasao. However, passenger train services remained normal. "Two trains carried petrol and diesel today. Three-four days back, we had sent another freight train with essential commodities like sugar and edible oil," North East Frontier Railway spokesperson Sabyasachi De told PTI. One of the trains has 49 wagons and is heading to Dharmanagar in Tripura, he said. The other train has 50 wagons, of which 25 were meant for Dharmanagar and 25 for Silchar in Assam, he added. De said work on the restoration of the tracks was underway. "We could send the two trains today as there was no rain for the last two-three days. The restoration work depends on how the weather is. We are trying our

Tripura government imposes restrictions on sale of petrol and diesel

A massive landslide in Assam's Jatinga region has disrupted the goods train movement to Tripura

Petrol sales up 12.3%, diesel sales continues to decline in April

India's petrol consumption soared 12.3 per cent in April, but diesel sales continued to slide despite the country entering into hectic electioneering for general elections, preliminary data of state-owned firms showed on Wednesday. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, rose to 2.97 million tonnes in April compared to 2.65 million tonnes of consumption in the same period last year. Diesel demand dropped 2.3 per cent to 7 million tonnes. Demand for the nation's most consumed fuel had fallen 2.7 per cent in March. This is despite India going into general elections where automobiles largely driven on diesel are used extensively for campaigning. While petrol sales were up mostly due to an increase in the use of personal vehicles on the back of a price cut, crop harvesting season and the onset of summer, which will increase the demand for air conditioning in cars as well as the electioneering holds out hope for reversing the trend in diese

April sees 7% rise in petrol use, diesel sales fall 9.5% as summers start

India's petrol consumption soared 7 per cent in the first half of April but diesel sales were down 9.5 per cent ahead of the onset of a harsh summer season that is set to crank up fuel demand, preliminary data of state-owned firms showed on Tuesday. Petrol sales of three state-owned firms, which control 90 per cent of the fuel market, rose to 1.22 million tonnes during April 1 to 15 when compared to 1.14 million tonnes of consumption in the same period last year. Diesel demand dropped 9.5 per cent to 3.14 million tonnes. While petrol sales were up mostly due to an increase in use of personal vehicles on the back of a price cut, crop harvesting season as well as the onset of summer which will increase the demand for air conditioning in cars is likely to reverse the trend in diesel demand. Petrol and diesel prices were last month reduced by Rs 2 per litre, ending a nearly two-year-long hiatus in rate revision. Month-on-month petrol sales dropped 3.6 per cent when compared to 1.27 ..

Rajasthan reduces VAT on petrol, diesel; hikes DA of employees by 4%

The Rajasthan government on Thursday announced a 2 per cent reduction in VAT on petrol and diesel and a 4 per cent hike in dearness allowance of employees and pensioners ahead of the general elections. The decisions will become effective from Friday morning. The government announced a 4 percentage point hike in dearness allowance of employees and pensioners on the lines of the Centre. The decisions were taken in the state cabinet meeting held here on Thursday evening. Speaking with reporters after the meeting, Chief Minister Bhajanlal Sharma said, "There were discrepancies regarding the prices of diesel and petrol in Rajasthan. We have removed this anomaly and have reduced the VAT rate by two per cent." He said that due to two per cent reduction in VAT on petroleum products and steps taken by oil marketing companies, the prices of petrol and diesel will come down in the state. The Chief Minister said that the reduced prices on petrol and diesel will be applicable from 6 am on Fri

Petrol, diesel prices cut by Rs 2 across India, says oil minister

The Ministry of Petroleum and Natural Gas said in a post on X that Oil Marketing Companies (OMCs) have informed that they have revised petrol and diesel prices across the country

Rajasthan fuel station operators to begin two-day strike on March 10

Fuel pump stations in Rajasthan will remain shut for two days starting Sunday as the state petroleum dealers association has called for a strike demanding a reduction in value-added tax (VAT) levied on petrol and diesel. The symbolic strike will begin from 6.00 am on March 10 and will continue till 6.00 am on March 12, according to Rajasthan Petroleum Dealers Association. "The Rajasthan government has not reduced VAT on petrol and diesel despite the guarantee of Prime Minister Narendra Modi. Oil companies have also not increased dealer commissions for the last seven. To press for the demands, a strike has been called," Association's President Rajendra Singh Bhati said. As part of the strike, petroleum dealers in the state will neither buy nor sell any fuel. They will also hold a demonstration in the city on Monday, the association said.

Nation first policy helped manage oil prices despite global conflicts: Puri

The Union Minister for Petroleum and Natural Gas said 85 per cent of India's crude requirements are met by imports, with the price of crude in the international market being the benchmark

Govt hikes windfall tax on petroleum crude to Rs 4,600 a tonne from March 1

On Feb. 16, the government raised the windfall tax on petroleum crude to 3,300 rupees a metric ton from 3,200 rupees and hiked the tax on diesel to 1.5 rupees a litre from zero

Indian diesel floods to Asia as Houthis attacks impact flows to Europe

There were no imports of diesel-type fuel into the EU in the first two weeks of February and only one shipment into the UK, according to the data

India hikes windfall tax on crude oil, reduces tax on ATF and diesel

The tax, levied in the form of Special Additional Excise Duty (SAED), on domestically produced crude oil has been raised to Rs 2,300 from Rs 1,300 per tonne, according to an official notification

Chandigarh imposes temporary restriction on sale of petrol, diesel

The Chandigarh administration stated that this measure is a precautionary step to manage the current situation until normalcy is restored

Govt cuts windfall tax on crude oil to Rs 1,300 from Rs 5,000 per tonne

The government on Monday cut the windfall profit tax on crude oil produced in the country and on exports of diesel. The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil has been reduced to Rs 1,300 from Rs 5,000 per tonne, according to an official notification. SAED on the export of diesel has been reduced to Rs 0.50 a litre from Rs 1 per litre. However, the levy on export of jet fuel or ATF has been hiked to Rs 1 per litre from nil earlier. SAED on petrol will continue to be zero. The new tax rates will come into effect from Tuesday. India first imposed windfall profit taxes on July 1 last year, joining a growing number of nations that tax supernormal profits of energy companies. The tax rates are reviewed every fortnight based on average oil prices in the previous two weeks.

Diesel sales recover after Diwali drop but still lower than last year

India's diesel consumption in the first half of December recovered from the steep fall seen last month on transporters taking a Diwali break, but sales were still lower than last year, preliminary data of state-owned firms showed. Diesel consumption at 3.15 million tonne during December 1 to 15 was 0.7 per cent higher than 3.13 million tonne demand in the first half of November. The demand was 8.1 per cent lower than 3.43 million tonne consumption in December 1-15, 2022. Industry officials said the November dip in sales was largely on account of some truckers taking Diwali break to visit their homes. Diesel is India's most consumed fuel, accounting for almost 40 per cent of all petroleum product consumption. The transport sector accounts for 70 per cent of all diesel sales in the country. Petrol sales by three state-owned fuel retailers rose 0.7 per cent to 1.22 million tonne in the first fortnight of December on increased personal vehicle movement. Fuel consumption has been on a

Diesel sales drop 7.5% in November as truck drivers take Diwali break

India's diesel consumption slumped by 7.5 per cent in November on a fall in demand in the transportation sector where some took Diwali break, preliminary data of state-owned firms showed on Friday. Diesel consumption dropped to 6.78 million tonnes in November from 7.33 million tonnes a year back. Industry officials said this was largely because some truckers take Diwali break to visit their homes and the demand is largely going to come back this month. Diesel is India's most consumed fuel, accounting for almost 40 per cent of all petroleum product consumption. Transport sector accounts for 70 per cent of all diesel sales in the country. Petrol sales by three state-owned fuel retailers rose 7.5 per cent to 2.86 million tonnes on increased personal vehicle movement during the festive season. Fuel consumption has been on a see-saw over the last couple of months. Petrol demand had fallen 9 per cent year-on-year in the first half of October and diesel sales by 3.2 per cent but the sta

Govt cuts windfall tax on crude to Rs 5,000/tonne, on ATF to Rs 1.06 l/kL

Centre had earlier reduced the windfall tax on diesel and crude oil on November 16

Centre cuts windfall tax on crude oil to Rs 6,300/tonne, halves for diesel

Windfall tax: The levy on the export of jet fuel and petrol will continue to be zero

Wants to bring petrol under GST: Sitharaman slams Cong on double standards

Finance Minister Nirmala Sitharaman on Friday said the Union government wants to bring petrol and diesel under the ambit of the Goods and Services Tax (GST), but the Congress is adopting "double standards" on the issue. The Bharatiya Janata Party and the central government have been in favour of bringing petroleum products under the GST regime from the beginning as it will benefit the people, she told reporters here. "Who are the people who are stopping petrol and diesel from being brought under GST? If Priyanka is in favor of bringing petrol and diesel under GST, she should ask every state government of Congress to agree to it in the GST Council, the minister said. The media should question the Congress on its "double standards", she added. Congress general secretary Priyanka Gandhi Vadra has been targeting the BJP governments at the Centre and in Madhya Pradesh over inflation during her campaign rallies ahead of November 17 assembly elections in the state. Asked about the impa

Hindustan Petroleum to stop buying diesel from other companies next year

Hindustan Petroleum Corporation Ltd (HPCL) will stop buying diesel from companies like Reliance Industries Ltd and Nayara Energy once it completes expansion of its Visakhapatnam refinery in Andhra Pradesh and builds a new one in Rajasthan next financial year, company officials said. HPCL owns almost a quarter of petrol pumps in the country but does not have commensurate oil refining capacity to produce petrol and diesel. So to make up for this, it buys products from refiners such as Mangalore Refinery and Petrochemicals Ltd (MRPL), Reliance Industries' Jamanagar units in Gujarat and Nayara's Vadinar refinery. At an investor call post announcing second quarter earnings, HPCL chairman Pushp Kumar Joshi says the firm's focus on capital spending in the last five years in "strengthening quality and capacity" of assets has "started yielding results now". The company has already expanded its Mumbai refinery capacity to 9.5 million tonnes per annum from 7.5 million tonnes and would complete

Cummins India's Q2 net profit rises 23% rise at Rs 329 cr on lower costs

Cummins India's total expenses fell 5.1% to Rs 1,620 crore on lower cost of raw materials such as aluminium and steel